Inferring Transactions from Financial Statements*

In this paper, we embed the double entry accounting structure in a simple belief revision (estimation) problem. We ask the following question: Presented with a set of financial statements (and priors), what is the reader's “best guess” of the underlying transactions that generated these statements? Two properties of accounting information facilitate a particularly simple closed form solution to this estimation problem. First, accounting information is the outcome of a linear aggregation process. Second, the aggregation rule is double entry.     

Competitive Effects of Disclosure in a Strategic Entry Model

We investigate the welfare consequences of incumbent firms' mutual disclosure of cost information when there is a threat of entry from a firm not required to disclose its private cost information. New effects of disclosure are observed relative to no-entry models, with the result that incumbents' expected output is a decreasing function of the disclosure level. However, further analysis shows that increased disclosure usually increases incumbent expected profits and decreases expected consumer surplus, despite the additional entry effect of disclosure. Such analytical derivations provide objective input to the FASB as they attempt to predict the competitive effects of changing mandated disclosure requirements.     

企业文化建设如何从“围绕”到“融入”“进入”的转变

文章阐述了企业文化的内涵及现阶段我国企业文化建设存在的缺陷，结合大唐岩滩水力发电有限责任公司（以下简称岩滩发电公司）企业文化建设现状，探讨了企业文化建设如何从“围绕”到“融入”“进入”的转变。     

Strategy antecedents of modes of entry into foreign markets

Although a firm's choice of mode of entry to a foreign market is central to the implementation of international strategy, we have only limited understanding of the effects of international strategy on the choice. This study explores the effects of business relatedness and corporate international experience. Data were collected on 173 ventures of Swedish manufacturing firms that were present on the German market, and multivariate techniques were applied to test hypotheses. It was found that product/market relatedness and intangible resource relatedness between the foreign business unit and the industrial firm's core business unit favored a full control entry mode based on sole ownership. This finding was also valid for importance of foreign markets. Further, market importance moderated the two relationships regarding business relatedness. Contributions to the literature are discussed.     

基于层级结构的企业国外进入方式研究

国外进入方式决策是企业国际化战略的关键,企业的进入方式关系到能否取得海外经营的成功,决定着企业国际化战略的命运.文章基于层级,将一个复杂的决策分解,构建进入方式的层级结构模型,而且,在此基础上提出一些可运用的方式组合,如无关的方式组合、分割的方式组合和补充的方式组合.     

跨境供应链技术性贸易壁垒应对机制探析

分析了中国面对技术性贸易壁垒现状及中国技术性贸易问题,提出了跨境供应链移除壁垒的几点政策建议。     

对构建我国绿色壁垒应对平台的思考

信息渠道不畅、缺乏针对性的有效的咨询服务和技术支持等是目前我国大多数企业抗衡绿色壁垒的最大困难。政府应发挥其在抗衡绿色壁垒中的主导作用,构建由三大子系统、三大体系支撑的绿色壁垒应对平台,完善绿色壁垒风险预警管理系统,通过有效的运作,帮助企业最大限度地减少和避免产品出口遭受绿色壁垒的影响。     

治理结构与FDl股权进入模式研究述评

公司治理与跨国经营战略交叉点日益成为研究的热点话题。本文首先全面梳理了国内外学者关于FDI进入模式早期理论和实证研究文献,然后总结了近年来涌现的从母公司治理结构的微观视角以及东道国治理环境的宏观视角的研究,并在最后对治理结构与FDI进入模式研究未来发展方向进行了展望。     

Timing,order and durability of new product advantages with imitation

This research examined the effects of timing, order and the durability of first mover advantages by analyzing the stock market reactions to new product introductions and imitations. The major findings are that both timing and order of moves are important and that rival reactions undermine the durability of first mover advantages. More specifically, (1) early and fast movers achieve greater gains than late and slow movers, and (2) first movers suffer at the time of new product imitations. Copyright © 2000 John Wiley & Sons, Ltd.     

我国尚不宜全面实行粮食直接补贴

我国的粮食直接补贴经过试点之后,即将在全国全面展开。然而,这会带来一系列的问题,并将遇到诸多障碍。鉴于我国的具体国情,建议我国的粮食直补在今后很长一段时期内都只限在粮食主产区进行,同时要搞好各项配套改革。只有待到条件确实完全成熟时,再考虑全面推进。