我国企业跨国并购的动因及风险对策研究

在当前国际经济危机尚未完全出现转机、全球跨国并购投资急剧减少的情况下,中国企业的海外并购却逐渐增加。其动因主要包括抢占国际市场、突破贸易壁垒、获取战略资源、提升技术能力等方面。然而在并购过程中容易出现各种风险,包括政治、社会、法律等外部风险和信息、资产、财务等内部风险。因此,我国企业需高度重视风险防范工作,包括制订国际化发展战略、客观评估东道国的环境、重视并购协议、注重整体融合、完善生产经营整合、选择合适的支付手段,以提高我国企业跨国并购的安全性,增加国际竞争优势。     

Inclusionary policy and marginalised groups in Aoteaora/New Zealand process,impacts and politics

ABSTRACT

This paper presents the consolidated findings of a four-year research project that evaluated policy inclusion between the New Zealand government and communities of difference – specifically, ethnic/migrant/refugee groups, women/gender and Māori. Policy inclusion builds on foundational principles of deliberative democracy that dialogue and relationship not only improve policy but also foster democratic transitions towards pluralism and diversity. Although associated with the social democratic agenda of the Fifth Labour government, collaborative policymaking with marginalised groups continued in the subsequent National government. Drawing on interviews with policy communities, this paper analyses (a) the processes of inclusionary policymaking, (b) policy impacts and (c) implications for politics of difference. The findings suggest that, overall, the greatest efforts in inclusive policy have been at the level of design, primarily by maximising the presence of members and promoting visibility for communities of difference. These processes have had less impact on sustained, deep political transformations or opportunities for advancing diversity. The findings suggest that inclusionary policymaking had benefits for recognition politics, but against the backdrop of recent neo-conservatism, the prospects for pluralistic politics have been compromised, paving instead a politics of regulation.     

Computing the conditional stationary distribution in Markov chains of level-dependent M/G/1-type

This paper considers the computation of the conditional stationary distribution in Markov chains of level-dependent M/G/1-type, given that the level is not greater than a predefined threshold. This problem has been studied recently and a computational algorithm is proposed under the assumption that matrices representing downward jumps are nonsingular. We first show that this assumption can be eliminated in a general setting of Markov chains of level-dependent G/G/1-type. Next we develop a computational algorithm for the conditional stationary distribution in Markov chains of level-dependent M/G/1-type, by modifying the above-mentioned algorithm slightly. In principle, our algorithm is applicable to any Markov chain of level-dependent M/G/1-type, if the Markov chain is irreducible and positive-recurrent. Furthermore, as an input to the algorithm, we can set an error bound for the computed conditional distribution, which is a notable feature of our algorithm. Some numerical examples are also provided.     

Mildly explosive autoregression with mixing innovations

In this paper, the limit distribution of the least squares estimator for mildly explosive autoregressive models with strong mixing innovations is established, which is shown to be Cauchy as in the iid case. The result is applied to identify the onset and the end of an explosive period of an econometric time series. Simulations and data analysis are also conducted to demonstrate the usefulness of the result.     

Firm internationalization and performance: Evidence for designing policies

The debate on the relationship between internationalization and performance is still open and is a hot topic for policymakers, but they ignore the impacts for most of the firms supported. The paper is based on a large database of seven years that considers quantitative-qualitative and control variables. To reduce industry and country heterogeneity we focused on the Italian automotive supply chain. We tested 5 modes of internationalization on firms’ profitability so to support the design of policies. Our results are partially in contrast with literature; therefore we identify specific environments where policies, namely for exporting, could be more effective.     

Local volunteers respond to the Rena oil spill in Maketū, New Zealand

Following the MV Rena grounding and oil spill in the Bay of Plenty, New Zealand in October 2011, the Māori community of Maketū were quick to respond to the arrival of oil on their beaches. They asserted their rangatiratanga by establishing their marae as a base and successfully coordinated a clean-up by more than 450 volunteers, feeding these volunteers every day. We interviewed 11 clean-up leaders and volunteers in Maketū to gather information about how the oil spill affected people in the community and how they ensured the success of their clean-up efforts. Many volunteers returned to help with the clean-up day after day over several weeks. Concepts of kaitiakitanga and manaakitanga underpinned the work of the Maketū clean-up organisers. Participants attributed the success of the Maketū clean-up to the speed with which they responded, the support they received from their community and local businesses, and their local knowledge.     

跨国并购研究的整合框架与发展趋势探讨

随着我国“走出去”战略的加快推进,跨国并购已成为中国企业进入海外市场和开展国际化经营的重要战略方式。文章在讨论了跨国并购研究的理论假设前提的基础上,对其演化脉络进行了相应的梳理,构建了一个包容性和解释力较强的跨国并购研究整合框架,归纳总结了跨国并购研究发展的基本趋势。     

It's More Than an M‐shape: The Political Economy of Female Non‐Standard Workers in the Republic of Korea

This study examines the re‐entrance of female workers into the Korean labor market. We highlight that women in their 40s have the highest rate of employment among all female workers and that a large proportion of these women are entering into non‐standard employment. In approaching this question, we examine the political economy of this phenomenon by first discussing the demand side of the Korean labor market using the gendering of the varieties of capitalism argument and then the supply side with the work–life balance argument. When examining re‐entrance into the labor market, women with general skills with lower education and higher education both found it more feasible to re‐enter the labor market as non‐standard workers. While work–life balance is a prominent reason for women's choice of opting out of the labor market, work–life balance choice mattered less for women re‐entering the labor market as non‐standard workers in their 40s and 50s but instead firmly based skill formation mattered more. In addition, the retail service industry is suggested to absorb a large number of female workers with lower skill levels who would have had difficulties in re‐entering other male‐oriented companies.     

Generations Linked: A Case Example of Māori Grandparents

This article offers an analysis of the significance of intergenerational living patterns and relationships as the mechanisms by which Pacific grandparents preserve and transmit indigenous cultural values, beliefs, and practices. A case example from a study conducted among Māori grandparents in Aotearoa, New Zealand, serves as the core focus of discussion. Seventeen grandparents were interviewed about their lived experiences in their multiple generation homes. Findings indicate that intergenerational life is a means for linking generations and transmission of indigenous culture to the next generation. Participants discussed their intergenerational relationship with much affection and love for their grandchildren and family. Discussion and implications for future research and practice are provided.