The value relevance and reliability of reported goodwill and identifiable intangible assets

We examine the value relevance and reliability of reported goodwill and identifiable intangible assets under Australian GAAP from 1994 to 2003; a period characterised by relatively restrictive accounting treatment for goodwill and relatively flexible accounting treatment for identifiable intangible assets. Our findings, using an adaptation of Feltham and Ohlson (1995), suggest that for the average Australian company the information presented with respect to both goodwill and identifiable intangible assets is value relevant but not reliable. In particular, goodwill tends to be reported conservatively while identifiable intangible assets are reported aggressively.     

Intraday Value at Risk (IVaR) using tick-by-tick data with application to the Toronto Stock Exchange

This paper investigates the use of tick-by-tick data for intraday market risk measurement. We propose a method to compute an Intraday Value at Risk based on irregularly spaced high-frequency data and an intraday Monte Carlo simulation. A log-ACD–ARMA–EGARCH model is used to specify the joint density of the marked point process of durations and high-frequency returns. We apply our methodology to transaction data for three stocks actively traded on the Toronto Stock Exchange. Compared to traditional techniques applied to intraday data, our methodology has two main advantages. First, our risk measure has a higher informational content as it takes into account all observations. On the total risk measure, our method allows for distinguishing the effect of random trade durations from the effect of random returns, and for analyzing the interaction between these factors. Thus, we find that the information contained in the time between transactions is relevant to risk analysis, which is consistent with predictions from asymmetric-information models in the market microstructure literature. Second, once the model has been estimated, the IVaR can be computed by any trader for any time horizon based on the same information and with no need of sampling the data and estimating the model again when the horizon changes. Backtesting results show that our approach constitutes reliable means of measuring intraday risk for traders who are very active in the market.     

投资者关系管理的内涵、理论与实践——基于粤传媒的案例研究

研究表明,投资者关系管理的本质是自愿披露与市值管理,市场化是形成自愿披露的内在动力,信号显示和声誉机制是解决冲突的有效方法。在此基础上,以中小企业板上市公司＂粤传媒＂信息披露案例为背景,考察了投资者关系管理部门的设置方法,信息披露成本的变化,如何选择信息的披露内容、披露时点、披露程度和披露形式;总结了对财务信息、重大事项信息和高管勤勉尽职信息披露的经验。得到的启示是上市公司需要用＂心＂来真诚地对待投资者,才能得到投资者的认同;利用好网络平台,才能通过直接披露成本的有效投入来降低或规避间接成本的发生。这些结果为投资者关系管理的内涵、理论与实践的运作过程提供了参考。     

我国企业绩效管理分析

绩效管理是帮助企业维持和提高生产力,实现企业战略任务和目标最有效的手段之一,它日益成为组织人力资源管理的重要手段。但目前,绩效管理问题又被公认是困扰企业经理人的首要问题。     

服装消费市场中的顾客感知价值及营销策略

随着消费者可支配收入的增长,服装消费者的消费理念和消费方式随之改变,顾客感知价值也就相应地发生了改变。顾客在购买服装时不再仅仅关注商品本身,而是越来越注重一种精神文化意境的传达。与此同时,购物、消费时的环境、心情与感受对消费者消费决策的影响也越来越凸显其重要性,对应的市场营销策略也应运而生。     

PLM education in production design and engineering by e-Learning

These days more attention is being paid to Product Lifecycle Management (PLM) using a technique for managing total product planning, design, manufacturing, sales, and disposal. We researched business processes and education curriculum of the PLM system in manufacturing businesses. We designed the curriculum of PLM education and developed part of a lesson. Most importantly, e-Learning is shown to be an effective tool for achieving educational objectives. We found that not only knowledge and theory but also practical education methods using case studies in an e-Learning environment are necessary for human resources to develop effective PLM.     

Metatheory of network management: A contingency perspective

This paper introduces a metatheoretical, contingency-based framework of inter-organizational network management. We define four basic network management functions and suggest that they are universal to all inter-organizational networks. We argue that management tasks, derived from more general management functions and contingent upon network characteristics, differ according to network type. We further argue that the roles that different actors in a network can adopt depend on their resources and capabilities. The framework contributes to the emerging theory of network management by clarifying the connections between its different conceptualizations and layers. A clear implication of the framework is that it is fundamentally useless to argue that networks cannot be managed. Networks are being managed, all of the time. However, we agree that the extent to which networks can be managed differs from one network to another along with the managerial tasks employed.     

Impact of outsourcing on business-to-business marketing: An agenda for inquiry

Increasing globalization has made companies focus more on their outsourcing decisions. Moving beyond the tactical companies have begun to incorporate outsourcing as a strategic weapon in their armory. This article expands on this theme by highlighting the need for understanding this key issue from business marketing and sales perspective and pointing to some interesting research issues on the topic. The article also introduces this special issue, briefly discusses the six special issue articles and provides a framework that integrates their contributions to our understanding of strategic outsourcing.     

科技服务业创新生态系统价值共创模式与协作机制研究

科技服务业创新生态系统价值共创模式是一种新型商业模式。为了解其价值共创的具体运行逻辑,保障价值共创的持续性,基于科技服务业创新生态系统概念、特征与要素构成,深入分析科技服务业创新生态系统价值共创模式,设计基于价值共创的科技服务业创新生态系统协作机制,为科技服务业创新生态系统实践发展提供理论指导。     

基于计划行为理论的知识隐藏行为拓展模型构建

基于计划行为理论(TPB)框架,结合动机理论、社会交换理论、心理占有理论等构建知识隐藏行为形成机制拓展模型。研究发现：(1)知识隐藏态度受到心理距离、结果期望的影响,知识隐藏主观规范受到组织网络结构中网络惯例的影响,知识隐藏感知行为控制受到知识权力、知识心理所有权的影响;(2)知识隐藏意愿受到知识隐藏行为态度、知识隐藏主观规范、知识隐藏感知行为控制以及过去行为的影响,知识隐藏意愿与知识隐藏感知行为控制可预测知识隐藏行为的发生;(3)创新氛围、双元领导和大五人格在知识隐藏意愿与知识隐藏行为之间起调节作用。上述拓展模型的构建有助于提升TPB的解释度并扩大适用范围,深入了解员工知识隐藏行为背后的行为逻辑,对于减少知识隐藏行为、促进知识流动、制定管理制度具有重要理论意义和实践价值。