Syndicated Loan Announcements and Borrower Value

Announcements of syndication loans increase borrowers' shareholder wealth if they are revolving credit agreements but not if they are term loans. Share price responses to revolving credit announcements are positive and significant, whereas the wealth effect for term loans is negative and significant. The results show that announcements from both the financial press and commercial information providers can affect borrower share price reaction. Overall, single syndication announcements appear to be more newsworthy than multiple announcements reported in the financial press, and we find evidence of information leakage, post‐announcement drift, or both.     

MANAGING VENDOR INVENTORY IN A DUAL LEVEL DISTRIBUTION SYSTEM

Collaborative arrangements among members of the supply chain have received a great deal of interest in recent years as a means of reducing costs. One such arrangement is vendor managed inventory (VMI). VMI allows the vendor to make decisions concerning the quantity and timing of deliveries to the retailer. Such an arrangement offers the potential of a more efficient supply chain by removing the negative effects of retail ordering policies. A thorough review of the literature was conducted to identify factors likely to impact the performance of a VMI partnership. Computer simulation was used to study the effects of these factors from both the vendor's and retailer's perspectives. The results lend insight into the performance of VMI and guidance for managers as to the environments in which VMI is most effective.     

AN EVALUATION OF PROCESS‐ORIENTED SUPPLY CHAIN MANAGEMENT FRAMEWORKS

Supply chain management (SCM) is implemented by integrating corporate functions using business processes within and across companies. Several process‐oriented frameworks for SCM have been proposed but only two of these provide sufficient detail to enable implementation. We evaluate the Supply‐Chain Operations Reference (SCOR) framework and The Global Supply Chain Forum (GSCF) framework using four criteria and identify their relative strengths and weaknesses.     

The Contingent Value of Responsive and Proactive Market Orientations for New Product Program Performance*

While the benefits of being market oriented are largely accepted, a group of scholars and managers remain skeptical. Marketing scholars have sought to counter the criticisms leveled against market orientation (MO) by arguing that it has both responsive and proactive dimensions. However, few studies have empirically examined the complexity of the effects of these dimensions on firm performance. Drawing on theories of resource‐based advantage and organizational search behavior, this article advances understanding by arguing that responsive and proactive market orientations have curvilinear effects on product development performance, that their interaction may be positively related to product development performance, and that their effects on new product program performance are moderated differentially by the organizational implementation conditions and marketing function power. Survey results of 175 U.S. firms indicate support for most of the hypotheses. Specifically, whereas responsive MO has a U‐shaped relationship with new product program performance, proactive MO has an inverted U‐shaped relationship with new product program performance. Contrary to the arguments presented here, the interaction of both orientations is negatively related to new product program performance. This study finds that both orientations are needed; however, new product program performance is enhanced when one is at higher level and the other is at lower level. Finally, responsive MO is only positively related to new product program performance under specific conditions such as when strategic consensus among managers is high. On the other hand, the positive effect of proactive MO on new product program performance is further strengthened when learning orientation and marketing power are high. Overall, this study suggests that the effects of responsive and proactive MO on new product program performance are more complex than previously theoretically argued and empirically examined.     

论高校思想政治教育中大学生健全人格的塑造

在高校思想政治教育中探索如何塑造大学生的健全人格具有一定的理论和实践意义,有助于反思传统思想政治教育的局限性,更新思想政治教育观念,增强高校思想政治教育的实效性,促进青年大学生的成才进程。对高校在思想政治教育中如何塑造大学生的健全人格进行研究。     

大学校园快递市场调查报告——以武汉纺织大学外经贸学院为例

武汉纺织大学我院大学生创新实践团队就“大学校园快递市场”进行调研,先后访谈了校内申通快递、韵达快递、圆通快递、中通快递和汇通快递等代理点的工作人员,依据访谈过程中折射出来的问题,结合互联网以及相关资料,设计出一份调查问卷,根据对调查对象进行问卷调查,并进行相应统计、归纳及分析,得出以下结论,以便更好服务于广大师生.     

国际化背景下干部人才队伍能力提升的对策研究——以北京市朝阳区为例

国际化是朝阳区最重要的发展特征。应对国际化发展趋势,提升国际化发展能力,要求朝阳区进一步推进干部人才队伍发展理念、评价标准、培养模式和选拔制度的国际化。     

论当代大学生的素质培养

当代大学生是祖国的未来,他们的素质直接决定了中华民族的明天。提升大学生素质是高等教育的一项基本目标,本文结合历史与当下,不拘一格,从身体素质、心理素质与文化素质三个方面展开讨论,以期对大学生的素质培养有所裨益。     

国有工业企业生产率的区域性差异及收敛性检验——基于贝叶斯SFA共同边界方法

基于1999—2010年中国地区国有工业企业面板数据,应用贝叶斯SFA共同边界方法对地区国有工业企业Malmquist生产率指数进行测算,并检验其收敛性。结果显示:国有工业企业生产率的增长是伴随着国有企业改革的深化而出现的,但这种增长主要是由于技术进步所引起,国有经济内外部软环境实力的提高并不显著;从地区差异来看,中国中部地区在国有经济生产率增长速度以及技术进步速度方面最快,其数值指标要优于东部及西部地区。收敛性分析结果显示,中国地区国有经济生产率并没有出现全局性随机收敛特征。而从各地区群组来看,只有东部群组存在俱乐部收敛,而中、西部群组不存在俱乐部收敛效应。