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In this paper we address the problem of efficient control of periodic-review perishable inventory systems. In the considered systems the stock used to fulfill unknown, variable demand deteriorates exponentially, and is replenished with delay from several supply sources. The supply options are characterized by different lead times, spanning multiple review periods. We develop a new supply policy based...
This paper explores the relation between investor sentiment and stock price response to earnings news in China mainland stock market employing the method of event study. The evidence demonstrates that stock price response to earnings news with the prevailing sentiment, that is, investor sentiment is systematically related to the market response to corporate earnings announcement news. The empirical...
This paper uses structural equation model to study customer loyalty of third party logistics enterprises. The study finds: customer satisfaction of Third-party logistics companies has a direct impact on the customer attitude loyalty, and can not directly affect customer behavior; third-party logistics enterprise customer behavior loyalty is directly affected more by the conversion obstacles; in the...
In this paper, I find that in the corporation governance literatures the research of corporation governance learning is a gap and that the corporate governance is as a learning process. I present the assumption of governance man and a learning theory of the corporation governance. The corporation governance learning is a force not to be ignored, sometime it determine the corporation success or failure,...
The study model of motivational factors for knowledge workers is constructed based on literature review and basic hypotheses. With knowledge workers from the knowledge enterprises in Liaoning-Shenyang Region as the object of this study, the author has drawn a conclusion through the empirical study that the motivational factors for knowledge workers have a positive correlation with the incentive degree...
In the marketing economy, the protection of the intellectual property rights is one of the basic functions of the government for developing domestic economy, coordinating the international political and economic relations, maintaining the market economy environment. In this paper, the DEA evaluation method and a broadly census was conducted to shed light to the relationship between the intellectual...
Institutional investors impacting the capital structure of listed companies is an indisputable fact. However, previous studies using the linear method come to different conclusions. In this paper, using the 2006-2008 A-share listed data of China we find that: in current and lagged one year, the relationship between institutional ownership and capital structure of listed companies are non-linear and...
The relationship between entrepreneurial orientation (EO) and entrepreneurial behavior (EB) is important to the success of entrepreneurial firms. More than 200 enterprises were surveyed through research questionnaires and the conclusions are as follows: (1) EO had a significant positive effect on EB. (2) "Innovativeness", "proactiveness" and "competitive aggressiveness"...
A growing belief has emerged that effectively managing knowledge can enhance performance. To date, however, there is limited empirical evidence. The research draws on the resource-based and knowledge-based views of the firm as well as research on strategic sense making in order to introduce the concept of 'knowledge management orientation', and to examine the relationships among knowledge management...
The enterprise market value includes the fair value of net assets, the fair value of residual income, and the impact of Non-Economic Factors on share prices. In addition to the fair value of net assets, the measurement of enterprise excess profitability (Self-created Goodwill) could revise the differences between the fair value of financial statements' items and the stock value, and help the fair...
With the development of port logistics, the co-investment such as mutual shareholding has become the strategies as a way of co-competition and made in practice good results. Therefore, this paper, taking the port enterprises and shipping companies as studying objects, is to analyze the game equilibrium of co-investment, as well as to propose the optimal investment strategies to the port enterprises...
Debt financing is universal in the term of operation of a firm. Risk of debt financing is certain combined with debt funds. The more debt financing is, higher the risk is. Variance between the real return and expected value is manifested by risk of debt financing, the more variance is, higher the risk is. The better method to solve risk is to realize the maximizing returns. In the hypothesis of efficient...
In this paper we analysis the relation between of ownership structure and performance of the city commercial banks in China. In the analysis method and chooses data, we attention the comparability to the existing research literature. It is found that the higher the proportion of government shareholding and the proportion of the largest shareholder proportion, the poorer performance of the city commercial...
The coal industry as the basis for the national economy sectors, the financing of its debt maturity structure of listed companies on the development of China's coal is significant. In this paper, our object of study of coal listed companies, the use of multiple regression analysis,to research the coal company's debt maturity structure listed the factors affecting, obtained through empirical testing...
In natural language regardless the presentation, being spoken or written we can distinguish different types of ambiguity. In this paper we will focus on written lexical ambiguity, which is caused when a word or set of words has more than one meaning. This inherent problem of natural language is generated by two types of words: Polysemes and Homonyms. Commonly requirement specifications are expressed...
This article analyzed IPO data of China's 561 companies in SME board and 186 companies in GEM board, and claimed that the new IPO system implemented in June 2009 provided opportunity for high-priced, high price-earnings ratio IPO. Underwriters and the former major shareholders became the beneficiaries and the largest driving force because of their profit-driven behavior. In the current external environment,...
In order to reveal the micro-mechanism of enterprise-related knowledge management and cultivate the core competencies of the enterprise's management activity, the structure equation model is used in this paper. By research assumption, the decomposition of index system, model design, model confirmation and confirmation analysis, the SEM can effectively reveal the correlation between knowledge transformation...
This paper analyses how listed companies make Share Allotment size decision theoretically and empirically based on maximizing controlling shareholders' revenue under the total circulating expectation. The empirical results show that listed companies have impulse to the expansion of large-scale financing as the financing market discipline and regulatory mechanisms are inadequate. The controlling shareholders...
Human resources training is an important way to improve production efficiency of enterprise. This article based on reviewing the relevant literature of human resources training and efficiency, optimization analysis on investment of enterprise human resources training by Pontryagin's Maximum Principle. It concluded that the investment of enterprise human resources training should distinguish between...
In a service oriented B2B context, companies are aiming to cooperate and interact with others to dynamically create added value services by composing them. The tremendous growth in the amount of available web services impulses many researches on proposing discovery mechanisms to help designers compose services. However, most of the proposed solutions ignore in their discovery queries the upcoming...
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