我国基金经理投资行为实证研究

我国证券市场快速发展,推动了基金业的迅猛增长,随着基金数量的增多,作为管理基金的基金经理的作用和地位正在迅速上升。基金经理的投资决策行为势必会影响到基金的业绩,如何综合评价基金经理的投资行为,是摆在我们面前的一大课题。本文在对国内外学者有关基金经理投资行为文献评析的基础上,提出了投资行为度的概念,并运用多元回归计量方法和突变评价法对我国基金经理的投资风格、投资策略、投资绩效、择股时机选择能力、风险管理能力以及个人行为模式和基金业绩之间的关系等进行了实证检验,得出了一些有意义的结论。最后从行为金融理论角度分析了中国证券投资基金经理行为偏离的根本原因,并提出相应的政策建议。     

Does educational diversity of managers matter for the performance of team‐managed funds?

We study the effect of the educational diversity of managers on the performance of team‐managed mutual funds using a large sample of U.S. equity funds from 1994 to 2013. We consider diversity in terms of both final educational degree and field of educational specialisation. We find that, in general, both types of diversity have a positive impact on fund performance, and our results are robust over a wide range of performance metrics and changes in market conditions.     

Values,gender and attitudes towards environmental policy: A study of future managers

This study explores if the value priorities and their impact on future managers' attitudes towards environmental responsibilities vary with gender. While relevant prior studies mostly focus on gender‐based variations of individuals' personal values in developed economies, we concentrate on both personal values and pro‐environmental attitudes in an emerging economy. This study is built on MBA students (a proxy for future managers) in India since India is characterized as a male‐dominated society and a producer of larger number of MBA graduates. Overall, our results show that personal values and attitude towards environmental responsibilities do not vary significantly with gender. Only two values (among the 21 values) and one value type (out of 10 values) get significantly higher ranking from females compared with males. Further, although ‘universalism’ and ‘benevolence’ are found to have a statistically significant impact on respondents' attitude towards environmental responsibility, the latter is invariant to the respondents' gender. Our findings may indicate India's transformation from a male‐dominated society towards a more gender‐balanced society. These findings can be used to operationalize a pro‐environmental recruitment policy and to formulate strategies to improve female participation in MBA cohorts of business schools.     

商业银行实施客户经理制问题探讨

客户经理制是一种以市场为导向，以客户为中心，以效益为目的，以人才为桥梁，为客户提供全面、综合、高质量服务，保证银行资产质量优化，保证信贷风险的有效防范，保证银行效益最大化的内部管理体制和运行机制。客户经理制是现代商业银行的通行做法。     

物流企业管理人员绩效考核指标体系研究

在构建物流企业管理人员素质模型的基础上,建立了物流企业管理人员绩效考核指标体系,该体系由4个二级指标和15个三级指标构成。     

Manager Retention and Post-Bankruptcy Performance: Evidence from South Korea

This study uses a sample of bankrupt firms in South Korea to reexamine the effect of manager retention on a firm’s post-bankruptcy performance, with a particular focus on the attributes of retained managers. Prior studies did not clarify whether a lack of ability of the retained manager or their self-serving behavior contributes more to a firm’s poor post-bankruptcy performance. Our results show that firms that retain their pre-bankruptcy managers are more likely to experience poor post-bankruptcy firm performance than those that replace incumbent managers, possibly because of the lack of ability of the retained managers rather than their self-serving behavior.     

股权分置改革前后经理人激励机制对比研究

股权分置改革之后,股权结构高度集中的格局将发生根本性改变,管理过程激励的每个环节都将有所变化:经理人行政激励目标弱化,绩效评价机制得到改善,奖惩制度多元化。从整体上看,股改之后经理人激励机制有可能向更有利于企业发展的目标转变。     

Toward a Definition of Entry-Level Job Competencies

ABSTRACT

This article reports the findings of a study conducted in the central Florida metropolitan statistical area (MSA) to determine practising managers' perceptions of expected entry-level hospitality worker competencies. Preliminary phases of the study yielded the construction of an instrument used to determine the importance of certain knowledge, skills, abilities, and attitudes of newly hired workers. The information provided by the respondents is used to draw conclusions and provide implications for a more comprehensive understanding of hospitality worker competencies. Finally, the article considers future investigations in the areas of composite employee profiles, motivational preferences, and benchmarking.     

An Examination of Job Satisfaction of General Managers Based on Hotel Size and Service Type

ABSTRACT

Because of the flatter organizational structure and decentralized hierarchical configuration of limited-service and extended-stay hotels, managerial job responsibilities may differ between these types of hotels and their full-service counterparts. As job responsibilities vary, so too might approaches to ensuring job satisfaction. This study examined how hotel size and service type affect the job satisfaction of general managers. After hypotheses testing and an analysis of the item correlations, it was concluded that neither hotel size nor service type significantly impacted general manager job satisfaction and gender, age, educational level, and longevity in the hospitality industry or as a hotel manager all had minimal impact on job satisfaction.     

产业政策对总经理变更的影响

基于2000—2020年沪深A股上市公司数据，考察产业政策是否影响总经理变更概率，以及政策特征和企业特征对两者关系的影响。实证结果表明：获得产业政策支持的企业更可能变更总经理；产业政策支持的力度越大，总经理变更的可能性越大，表现为重点支持产业政策比一般鼓励产业政策、中央和地方配套的产业政策比独立实施的产业政策对企业总经理更替的影响更大；动态分析表明，产业政策对总经理变更的影响主要出现在政策颁布实施的第1、第2和第5年；异质性分析表明，处于垄断性行业、规模更大、总经理持股比例更高的企业，产业政策对总经理变更的影响会削弱。