内部控制与企业价值的相关性:实证分析

为了研究内部控制与企业价值的关系,本文构建了中国上市公司内部控制综合评价指数(ICI),包括控制环境、风险评估、控制活动、信息与沟通、监督评价五个方面。通过实证数据检验,发现我国上市公司内部控制的建立和完善确实对企业价值有显著的正向促进作用。     

"胡同游"的成长分析

“胡同游”是近10年来在北京乃至全国旅游界迅速崛起的一颗耀眼明星。本文分析了其成长过程及市场所面临的问题，根据经济学原理，探讨并提出了其可持续发展的制度保障思路：寡头竞争、控制容量、建立旅游产品制度创新机制。     

政府作用与旅游区投资效益

尽管国有资本要逐步退出旅游产业，但这并不意味着政府对旅游业投资管理可以袖手旁观、听其自然。论文从旅游区投资角度出发，分析和强调了政府在宏观调控、政府管制、投资模式选择等5个方面应起的重要作用。     

Self-referencing and consumer evaluations of larger-sized female models: A weight locus of control perspective

In two experiments, we show that the beliefs women have about the controllability of their weight (i.e., weight locus of control) influences their responses to advertisements featuring a larger-sized female model or a slim female model. Further, we examine self-referencing as a mechanism for these effects. Specifically, people who believe they can control their weight (“internals”), respond most favorably to slim models in advertising, and this favorable response is mediated by self-referencing. In contrast, people who feel powerless about their weight (“externals”), self-reference larger-sized models, but only prefer larger-sized models when the advertisement is for a non-fattening product. For fattening products, they exhibit a similar preference for larger-sized models and slim models. Together, these experiments shed light on the effect of model body size and the role of weight locus of control in influencing consumer attitudes.

区域经济竞争与合作均衡增长及质量控制研究

区域经济增长容易步入的歧途是不可持续的增长和扭曲的增长,在发展区域经济的过程中,最佳的增长方式是可持续增长,即通过有序和平衡的资本积累来保持经济以一个合理的速度和比率增长,因此经济增长中的平衡点的控制是至关重要的环节。     

LZW压缩数据的不均一两分段误码保护编码

由T.A.Welch提出的LZW数据压缩方法已经被广泛地应用于文字压缩。然而，因为误码对压缩数据的危害很大，所以对压缩数据的纠错编码是十分重要且必不可少的。本文分析了误码对LZW压缩数据的影响，指出同样的误码对用于重建辞书的前一部分压缩数据的危害比对后面的其它数据的危害要严重得多，提出用一种不均一两分段误码保护编码方法，对用于重建辞书的前一部分压缩数据进行更好地保护。计算机模拟显示，该方法比传统的误码保护方法更有效。     

OPTIMAL INVESTMENT STRATEGIES FOR CONTROLLING DRAWDOWNS

We analyze the optimal risky investment policy for an investor who, at each point in time, wants to lose no more than a fixed percentage of the maximum value his wealth has achieved up to that time. In particular, if M _t is the maximum level of wealth W attained on or before time t , then the constraint imposed on his portfolio choice is that W_tα M _t, where α is an exogenous number betweenα O and 1. We show that, for constant relative risk aversion utility functions, the optimal policy involves an investment in risky assets at time t in proportion to the "surplus" W _t - α M _t. the optimal policy may appear similar to the constant-proportion portfolio insurance policy analyzed in Black and Perold (1987) and Grossman and Vila (1989). However, in those papers, the investor keeps his wealth above a nonstochastic floor F instead of a stochastic floor α M _t. the stochastic character of the floor studied here has interesting effects on the investment policy in states of nature when wealth is at an all-time high; i.e., when Wt = M _t. It can be shown that at W _t= M _t, α M _t is expected to grow at a faster rate than W _t, and therefore the investment in the risky asset can be expected to fall. We also show that the investment in the risky asset can be expected to rise when W _t is close to α M _t. We conjecture that in an equilibrium model the stochastic character of the floor creates "resistance" levels as the market approaches an all-time high (because of the reluctance of investors to take more risk when W _t= M _t).     

战略成本管理的基本思想与操作策略

对战略成本管理的概念作了初步的分析 ,并对战略成本管理相对于传统成本管理的特点作了简要概括。指出战略成本管理的基本思想包括的内容及战略成本的管理的方法措施体系等。     

我国实施MBO对内部人控制的影响

经理层融资收购是公司控制权市场作用的一种表现形式,它不但可以作为公司外部治理机制发挥作用,而且能够影响公司内部治理机制的运作效率。但是,经理层融资收购在解决公司治理结构方面也不是万能的。本文分析了我国实施MBO后新的“内部人控制”问题,提出了相应的政策建议。     

The Effects of Escalating Commitment on Ethical Decision-Making

Although scholars have invoked the escalation framework as a means of explaining the occurrence of numerous organizationally undesirable behaviors on the part of decision makers, to date no empirical research on the potential influences of escalating commitment on the likelihood of unethical behavior at the individual level of analysis has been reported in either the escalation or the ethical decision-making literatures. Thus, the main purpose of this project is to provide a theoretical foundation and empirical support for the contention that escalating commitment situations can induce unethical behavior in decision makers. An experimental research design utilizing a computerized investment task was administered to 155 undergraduate business majors as a means of assessing the hypotheses presented here. Results from a hierarchical logistic regression analysis found strong support for the contention that exposure to an escalation situation increases the likelihood of unethical behavior on the part of decision makers. Further, results also supported previous ethical decision-making findings by confirming the effects of locus of control (LOC) on ethical behavior. Specifically, the data indicated that individuals with an external LOC orientation were significantly more likely to select the unethical option than were individuals with an internal LOC orientation. Interestingly, support was not found for the effects of Machiavellianism or gender on ethical decision-making.