论后危机时期中国企业海外并购的战略选择

近年来,随着中国经济的持续增长,中国企业的海外并购活动日益活跃,且逐渐显现出一些新的特征。以2008—2015年766起海外并购事件作为研究样本,对其进行深入分析,探讨后危机时期中国企业海外并购的主要特征。在对中国企业海外并购形势进行 SWOT 分析的基础上,就中国企业如何在海外并购问题上做出正确的战略选择提出了相应的对策与建议,以期助推“走出去”战略的实施。     

A new look at Markov processes of G/M/1-type

We present a new method for deriving the stationary distribution of an ergodic Markov process of G/M/1-type in continuous-time, by deriving and making use of a new representation for each element of the rate matrices contained in these distributions. This method can also be modified to derive the Laplace transform of each transition function associated with Markov processes of G/M/1-type.     

中国宏观经济波动源的识别与原因分析

为了识别驱动中国宏观经济周期波动性的影响因素,依据中国经济的特殊性,基于1978-2014年42个宏观经济变量的样本数据集构建动态因子模型进行实证分析。研究发现,驱动中国宏观经济波动主要因素有5个潜在宏观因子,其中前四个主要因子分别揭示了驱动中国经济周期波动的主要波动源,它们分别为工业产出因子、外商直接投资(FDI)因子、设备利用率因子和全要素生产率因子。另外,讨论了熨平经济周期性波动的经济政策选择。     

中国企业海外并购行为研究

基于企业并购的一般理论和中国企业海外并购的特点,提出了中国企业积极从事海外并购的 四个主要动因,并通过对中国企业海外并购行为进行SWOT分析,指出了并购中存在的问题及 成功进行并购的战略措施。     

基于钻石模型的重庆自贸区跨境电商创新发展的路径研究

重庆自贸区跨境电商在推进重庆建设内陆国际物流中心、内陆服务贸易中心、内陆功能性金融中心中起到了重要作用。运用波特钻石模型对重庆自贸区跨境电商进行分析，从生产要素、需求条件、相关与支持产业、竞争对手、发展机会、政府作用六个方面，构建模型分析各种影响因素，研究重庆自贸区跨境电商的现状及比较优势，提出创新发展的路径。     

海峡两岸跨境经济犯罪防治问题研究

当前很有必要深化对海峡两岸间跨境经济犯罪之惩治与防范的研究。跨越海峡两岸的经济犯罪与大陆地区和台湾地区的境内经济犯罪有着不同的表现,而海峡两岸刑事法学界对此的概括和分析也有所不同。这些差异对海峡两岸司法机关开展相关的刑事司法合作有一定的影响。海峡两岸司法机关可在侦查、起诉、审判和执行等刑事诉讼阶段展开合作,但需要特别注意妥当处理司法效率与司法公正的关系,以利于对海峡两岸跨境经济犯罪的有效防治。大陆地区需要立足于自身情况,结合海峡两岸跨境犯罪的具体特点,采取合理的预防措施。     

Do people think about absolute or relative price differences when choosing between substitute goods?

The article presents experimental evidence that shows that people often consider relative price differences in addition to absolute differences when choosing between substitute goods. Because the choice between substitute goods is a very common one, this is an important finding. The experiment uses scenarios in various consumption categories: hotel rooms, flights, and books. Subjects were either students or participants in an economics conference. The data allow to reject the hypothesis that people think only about relative price differences in favor of the hypothesis that people think about both relative and absolute price differences. Whether the price given to the subjects is that of the high-quality good or of the low-quality good makes a large difference, a result that is related to the endowment effect and the status quo bias. Implications of the results for business strategy and other areas are also discussed.     

First‐order bias correction for fractionally integrated time series

Most of the long memory estimators for stationary fractionally integrated time series models are known to experience non‐negligible bias in small and finite samples. Simple moment estimators are also vulnerable to such bias, but can easily be corrected. In this article, the authors propose bias reduction methods for a lag‐one sample autocorrelation‐based moment estimator. In order to reduce the bias of the moment estimator, the authors explicitly obtain the exact bias of lag‐one sample autocorrelation up to the order n⁻¹. An example where the exact first‐order bias can be noticeably more accurate than its asymptotic counterpart, even for large samples, is presented. The authors show via a simulation study that the proposed methods are promising and effective in reducing the bias of the moment estimator with minimal variance inflation. The proposed methods are applied to the northern hemisphere data. The Canadian Journal of Statistics 37: 476–493; 2009 © 2009 Statistical Society of Canada     

Trade-off between quoted lead time and price

In a make-to-order environment, lead time and price can play a crucial role in determining the financial success of a firm. Their importance increases when demand is sensitive to the quoted lead time and price. A model is presented which uses the quoted lead time and price as a mechanism to determine the optimal demand level. The relationships between the model parameters and their impacts on the firm's profit is also analysed. In addition, the effect of the number of job requests, and the mean processing time are examined. Based on the results presented in this paper, there is clear indication that the firm's profit is sensitive to the inventory holding rate, and that the inventory holding cost component is redundant in the presence of a tardiness cost component.