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From the dynamic perspective, a two-staged incentive model between public and private sectors is designed based on the Holmstrom-Tirole incentive model under principal-agent theory framework, aiming at building the relational contract between public and private sectors. In the model, the expected benefit of relational contract and the dynamic interactions between two stages are considered. Besides,...
The financial crisis occurred in the recent years has provoked managers to pay more attention to liquidity risk, especially the effect to the enterprise value. According to this, the paper gives an aspect to evaluate enterprise value from the view of liquidity. Firstly, choose indicators to describe the liquidity. Then, establish the optimization model based on the principle of relative entropy which...
Established spontaneously by farmers to cope market economy, the worldwide success of agricultural cooperative (AC) showed its benefits for upgrading farmers' systematization level, resisting market risks and raising farmers' income eventually. Most researchers introduced foreign ACs' experience, analyzed the necessity of AC's existence and effects of institution transition to AC. Rarely research...
Based on the reality of development of high-tech industry in China, this paper classified R&D input into three sources: government, enterprise and banking institutions, and analyzed effects of different source of input on technical innovation performance empirically by using Logarithmic Cobb-Douglas Production Function Model with panel data of 15 new high-tech industries from 1997-2006 in China,...
Customer retention is one of the most important topics in customer relationship management research. To date,customer retention studies are mainly carried out on the macro or firm level instead of the individual customer level. This study develops a model of customer retention management from the individual customer perspective. This model introduces multiple agents and considers the interactions...
Industry cluster is an important carrier of district development. Researchers have emphasized the risk with cluster itself, and seldom involved the global value chain that the cluster is subordinate to. This paper tries to take global value chain into account and thinks that 3 factors: non-equilibrium of value-added chain, governance of global value chain and international trading circumstance will...
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