选择BSR类型的方法研究

本文提出了一个选择购买方-供应商关系(BSR)的实验设计方法。作者以国内摩托车制造企业的供应与采购管理人员的有效问卷55份为第一手资料,确定了购买方-供应商关系(BSR)类型选择方法中的重要概念:BSR的分类、BSR类型的特征、决定BSR类型的零部件要素及各个要素的等级。接着,以南京金城铃木摩托车有限公司的有关数据进行了该方法的应用示范,案例研究的结果表明,要素的关系价值可以估算得出,并根据关系价值可以推算出关系指数,从而为新的零部件选择适当的BSR类型提供了有效的方法。     

企业财务危机预警双基点距离比值法

本文介绍了国内外主要企业财务危机预警模型,对模型的空间几何意义进行解释。提出了企业财务危机预警双基点距离比值模型,该模型采用非线性方法对危机企业与非危机企业的财务指标集合进行分割。用112例样本实证,预警识别率达到92.8%。     

企业管理信息系统与P3、P3e/c数据交换的研究与实现

本文首先讨论P3、P3e/c项目管理软件与企业管理信息系统集成的必要性和重要性,然后详细地介绍了采用RA引擎(OLE对象)技术来实现P3软件与企业管理信息系统的数据交换,以及与P3e/c交互的原理。分析P3、P3e/c在数据组织上的差异,提出解决方案。最后以实例讨论和分析了这种方法在实际系统中的应用。     

Evaluating the Evaluators: Should Investors Trust Corporate Governance Metrics Ratings?

Companies are under increasing pressure to have their corporate governance rated by an independent corporate governance metrics firm, such as Institutional Shareholder Services (ISS) or Governance Metrics International (GMI). These rating firms claim to be able to determine how effective and responsive a company’s board is. Institutional investors have begun using these board governance ratings when deciding which firms to include in their stock portfolios. This paper considers whether investors, many of whom claim to be socially responsible, should be relying upon board governance metrics. We find that these metrics are not good indicators of either the quality of a firm’s earnings or of its ethics.     

融资代建制─公共工程项目建设管理新模式

本文明确了融资代建制的概念,将公共工程项目–项目融资–代建制联系起来,构建了公共工程项目融资代建制模式框架为:二个层次、三种管理和三项保证。进一步指出融资代建制是有中国特色的PFI,是公共工程项目建设管理的创新模式。     

Planners’ Perceptions of Why Canadian Communities Have Too Many Plans

A survey of Canadian planners explored perceptions about factors contributing to the growing number of plans communities have adopted recently. The results suggest that practitioners see themselves as responding to current community concerns, as well as to requirements imposed by higher levels of government. Neoliberal practices that force compliance with accountability frameworks to enable transfer payments increase demands for new plans. Professional practices within planning have encouraged specialization—in fields such as urban design—that often leads to plan-making activities. With many plans to coordinate, and limited staff resources and time available, practitioners face increasing implementation challenges.     

国有股和法人股对公司业绩的影响--公用事业型上市公司的实证研究

公司的股份集中于少数几个大股东手中是中国公司股权结构的一个普遍特征,研究这些大股东如何凭借其持股地位影响公司业绩是中国公司股权结构研究的一个非常重要的问题.本文选取了在上交所上市的公用事业型公司1998年至2002年的平行数据进行实证研究,结果表明,法人股对公司业绩有积极影响,国有股对公司业绩的影响视具体情况而定.     

关于连续生产系统价值工程问题的研究

本文针对流程工业连续生产型企业推广价值工程时遇到的困难,对这类系统产品的功能评价、价值评价等问题进行了探索,给出了连续生产系统二类价值工程问题的数学描述,并对几个实际问题进行应用尝试,取得了成功。     

Wavelet‐Based Testing for Serial Correlation of Unknown Form in Panel Models

Wavelet analysis is a new mathematical method developed as a unified field of science over the last decade or so. As a spatially adaptive analytic tool, wavelets are useful for capturing serial correlation where the spectrum has peaks or kinks, as can arise from persistent dependence, seasonality, and other kinds of periodicity. This paper proposes a new class of generally applicable wavelet‐based tests for serial correlation of unknown form in the estimated residuals of a panel regression model, where error components can be one‐way or two‐way, individual and time effects can be fixed or random, and regressors may contain lagged dependent variables or deterministic/stochastic trending variables. Our tests are applicable to unbalanced heterogenous panel data. They have a convenient null limit N(0,1) distribution. No formulation of an alternative model is required, and our tests are consistent against serial correlation of unknown form even in the presence of substantial inhomogeneity in serial correlation across individuals. This is in contrast to existing serial correlation tests for panel models, which ignore inhomogeneity in serial correlation across individuals by assuming a common alternative, and thus have no power against the alternatives where the average of serial correlations among individuals is close to zero. We propose and justify a data‐driven method to choose the smoothing parameter—the finest scale in wavelet spectral estimation, making the tests completely operational in practice. The data‐driven finest scale automatically converges to zero under the null hypothesis of no serial correlation and diverges to infinity as the sample size increases under the alternative, ensuring the consistency of our tests. Simulation shows that our tests perform well in small and finite samples relative to some existing tests.     

法人独立、公司价值分离与大股东隧道挖掘

法律赋予公司法人以独立地位,独立于投资者即股东和债权人,法人财产与投资者财产相分离,从而公司法人的价值也应该独立于股东和债权人价值。但传统公司价值的MM模型、FCF模型、NPV模型、EVA模型都只考虑股东和债权人的价值。本文基于法人独立的视角所提出的公司价值修正模型能满足公司法人与投资者的财产分离原则,反映留存收益的持续投资和持续获利所导致的公司增长,区分公司法人折现率和股东折现率,并体现股东和公司法人之间的利益冲突,大股东的隧道挖掘行为可通过该修正模型加以解释。