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This paper analyzes the problem of "double purchase" that may occur during the transition process between old technology and new incompatible technology. When network externalities are important and converters are unavailable, some consumers will join both networks in order to reap the benefits of compatibility. It also generates some negative factors simultaneously. Our model posts when...
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The aerospace technology leads and impetus the development of other high-techs, induces the constitution of science and technology to transform, and the diffuse of the aerospace technology to the society can promote the innovation of traditional industry. Because the aerospace technology has the attribution of military technology, its diffusion is limited in a certain extent, which is different from...
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In this paper long memory property is examined in the Chinese stock market by means of high frequency data. Two semiparametric methods in frequency domain, local Whittle (LW) estimation and log periodogram (LP) regression, are used to analysis the fractional integration order d. The results show that LW estimation can solve choice of the parameter m compared to LP regression, and neglect intraday...
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Bank is an important part of financial system, which plays an important role in changing save to investment and in payment. So every country takes great supervision and regulation on bank both in developed country and developing country. There are two kinds of regulation ways: on-site regulation and off-site regulation. On-site regulation is a method that needs regulators go to the bank spot themselves...
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Using two kinds of symbol sequence as the condition, this paper presents an empirical research on the data of Shanghai stock price index. One is the symbol sequence of closing index; the other is the symbol sequence of multifractal spectrum parameter. The result shows that, the Shanghai stock market is not totally efficient, the index fluctuating is not strictly random, and either of these two conditional...
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Assuming there are only two representative portfolios in the market, we study on the relationship between performance and risk taking of the mutual fund. Based on the linear relative performance contract and constructing a dynamic model of portfolio selection, we get that the risk measured by the variance of absolute return of mutual fund does not increase all the time when the relative performance...
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Knowledge Management (KM) has the real staying power and the potential to become the significant and permanent part of management's tool box. However, many organizations failed to realize the potential of marrying Information & Communications Technology (ICT) and KM theory to build Knowledge Management System (KMS). To meet the benefits from KM to expectations and reach KMS to its real potential,...
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Organizational culture is one of the intangible resources a firm owns, which is of importance in developing competitive advantage. Some researchers has proposed that the organizational culture could lead to surprising performance. This paper uses empirical research method to test the relationship between organizational culture and firm performance as well as the moderating effects of industry sector...
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Commercial bank is a special kind of company with the character of high risk and high indebted. For this particularity, it must keep a certain scale and take "safety, payoff and fluency" as the management principle. Lately, Chinese commercial banks develop quickly, but the operation efficiency is in the lower level. We can take the appropriate evaluating and analyzing method to ameliorate...
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Basing on the view of dynamic capacity and knowledge-based view, this paper explores the definition and dimensions of knowledge competence. Differing from previous literature that think knowledge competence is the sum total of the knowledge assets of organizations, this paper defines knowledge competence as including both knowledge accumulating and knowledge operating capabilities. And an empirical...
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With the gradually implementation of the strategy of revitalizing the Northeast Old Industrial Base, the propelling role played by the investment environment for the Northeast economic growth becomes more important. As the investors always make the analysis of the actual condition of the investment district before their investment, local governments, in order to attract foreign funds, should go into...
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Olympic's influence on economy is generally divided into 3 phases: the phase of Olympic's preparation and construction (2003-2007), the phase of holding Olympics (2008) and the post-phase of Olympics (2009-2010). During the phase of Olympic's preparation and construction, the influence on China's economy by Olympic economy is mainly through Olympic investment that is composed of direct and indirect...
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This paper investigates the following factors: population scale; income level; the expenditure proportion on industrial products; wages level; transaction costs; elasticity of substitution; marginal costs ,which functions acted on the vertical FDI scale of host country from developed country in a monopolistic competition model composed of the developed country enterprises and the developing country...
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Many Chinese scholars have studied on regional investment climate (RIC) recently. However, few of them applied cluster analysis on regional investment climate of mainland China. We first set an appraisal index system about regional investment climate of 31 Chinese provinces (include 4 municipalities directly under the central government and 5 autonomous regions), and then on the basic data from Chinese...
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Based on the functional model of economic institution and economic growth, and using the panel data of all Chinese provinces, the paper does some empirical study on the efficiency of economic institution transition and Chinese best economic growth path. It shows that: First, the economic institution is the fundamental cause of economic growth. Second, the economic institution is endogenous. Third,...
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This paper defines money laundering in the context of international trade and builds analytic models to measure the contribution of transfer prices to international money laundering. Money laundry-related transfer pricing and transfer price-based money laundering are analyzed in detail. It argues that transfer price-based capital flight and tax evasion are variants of money laundering in nature to...
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This paper assesses the impacts of world iron ore price fluctuation on macroeconomic and industries in China under the WTO framework. To address the issue, we use a computable general equilibrium model -CHINGEM model devised by COPS of MONASH University, Australia and College of Economic and Trade of Hunan University jointly, using the sixth edition of GTAP Chinese BASEDATA. Overall our results show...
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In current technological era, TQM pursuance has been realized essential by enterprises to achieve their primary goal of satisfaction and retention of their customers. Like many other countries, in Pakistan also ISO-9000 certification is perceived by majority of enterprises for setting up quality improvement management system. In this survey based research paper an effort towards probing TQM practices...
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When Chinese companies start shifting their focus from domestic markets to global markets, corporate branding is an unavoidable issue. We propose a model, corporate brand cube model (CBCM), to help Chinese companies in their corporate branding. The CBCM is an extension of the current corporate branding frame. It redefines the concept of the corporate brand as a relationship between a company and its...
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This paper represents coordination policies for a one-supplier-one-retailer supply chain that experiences demand and price factor disruptions at the same time in the planning horizon. Up to now, in the context of supply chain the disruption management models have only incorporated a single disruption factor. We analyze the disruption management decisions from the supplier's point of view when demand...
