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This paper proposes a methodology based on Analytical Hierarchical Process (AHP) and Fuzzy Inference Systems (FIS), to obtain a better selection of Enterprise Resource Planning (ERP). The company, which are going to acquire the software, bases this selection on their own imposed criteria and the ERPs alternatives based on some supplier's information. To select the most appropriate ERP, at the beginning,...
Within the UK water industry, electrical energy demand, efficiency and sustainability are primary factors when considering the construction and installation of new electrical process plant. This stems from the environmental gains made in reducing electrical power consumption, and the cost saving benefits realised across an electrical assets lifecycle. The average life of electrical assets also varies...
Beijing Metro Line 4 was the first metro line in China's orbit traffic industry to be built under the PPP project financing model. Hangzhou Metro Line 1 copied and borrowed the former's model. But Hangzhou Metro Line 1 has been in the red for a long time, and even became the only defective metro line in the four affiliated orbit traffic companies to MTR Corporation Limited in 2014. Given the situation,...
This study focuses on how the cumulative excess returns (CER) of corporate bonds in the Japanese market respond to simultaneous publications of current net earnings and management’s net earnings forecast. The estimation results using a regression model generalizing the interaction of the current net earnings and management’s net earnings forecast show that the CER of corporate bonds is influenced...
In the past 10 years, the scale of railway especially high-speed railway in our country has been expanding, the transportation equipment technology has been continuously improved, and how the efficiency of railway transportation enterprises has changed is a question worthy of further study. In this paper, 18 Railway Bureau are chosen as the research object, and we select 2005–2014 year panel data,...
Based on listed companies in our country, this article explores the impact of tight money on corporate financing constraints by using cash-cash flow sensitivity model. This study finds that firms in our country usually face financing constraints, tight-money policy aggravates corporate financing constraints through bank lending channel, and meanwhile, no-tight-money policy alleviates corporate financing...
With the characteristics of capital intensive and highly dependent on the financial leverage in the real estate business, it is important for real estate companies to take advantage of financial leverage to make accurate investment decisions and maintain stable operations. This study is conducted in the context of equity concentration, from the principal-agent theory, the conflict between the shareholders...
After years of development as the main force over the counter market, now the National Equities Exchange and Quotations, commonly known as the new over-the-counter market, has formed a fairly large scale. The number of enterprises grows rapidly and there have been more than 10000 enterprises in the new over-the-counter market today, bringing the trading boom. However, in the thriving new over-the-counter...
Translation services is playing a more and more crucial role with the growth of international trade and foreign direct investment. The rapidly growing literature on translation market is very fragmented and mainly accepted the hypothesis of information symmetry. Meanwhile translation services market is information asymmetry to some degree. This paper employs the comparative static method to explain...
This paper proposes an organization's perspective of the business-to-customer (B2C) e-Commerce system implementation framework in Malaysian fashion and apparel business. The framework was developed based upon two in-depth case studies which were conducted in two fashion and apparel business in Malaysia. From the cross-cases, ten implementation factors (with its characteristics) that pertinent to the...
Company strategies for building and leveraging industry-university research collaborations are many and varied. This paper reports on strategies observed at North American technology companies including BNR, Northern Telecom, Qualcomm, Cisco, Bell Labs, Lucent, and Alcatel-Lucent. Strategies included a range of tactics focused on leveraging intellectual property portfolios, benchmarking processes...
Inventory management is in the heart of operational performance in aircraft parts and space vehicles industries. As a result of its importance in practice, this subject has been extensively studied in recent years in operations management. The main focus of this study is to look at the relationship between inventory management performance such as inventory effectiveness, efficiency and responsiveness...
In the past twenty years the energy consumption of the world has grown significantly. There are many countries for which it is a huge challenge to ensure energy reliability and security. This situation is even getting more intense with the upcoming spread of renewable energy sources and the continuous need of lowering CO2 emission. Nuclear energy which is a possible solution for both difficulties...
Despite the fact that one of the main goals of corporate venture capital (CVC) investments in high-tech industries is to gain a window on future technologies, the relationship between CVC investments and strategies used to acquire technologies in the markets, such as licensing, has not been adequately explored. To address this gap, we build on the real option literature suggesting that CVC investments...
Listed companies' irrational investment behavior was widespread in China. Traditional theory explain this phenomenon in the assumption of “rational economic man”. With the development of behavioral finance theory, research indicates that over-confidence can lead to over-investment decisions. This paper used Richardson's residual model to measure over-investment and creatively used shares' rises when...
Equity crowdfunding provides a novel way for ventures in the seed or growth stage to raise capital funds. Different from previous research, this paper focuses on signaling factors in overfunding, using data of Crowdcube, a famous equity crowdfunding platform in UK. We find that perceived risk level and investor communication are closely connected with overfunding. The finishing percentage is positively...
The relation between M&A and innovation has received a lot of attention from both academia and practice. The existing studies show that M&A can improve the level of innovation and that the level of innovation before M&A can increase the likelihood of a company to participate in M&As. Since acquiring companies (larger companies) and target companies (small companies) have different...
Impact Financing funding models, namely Social Impact Bond and Impact Investing, are applied worldwide. However, they do not receive enough attention in the Czech Republic. The present study analyzes closely these methods, describes their functional principles and practices and illustrates them with process maps. Importantly, it is contextualized within the Czech conditions. The study includes an...
In the view of the fact that the stock market in China continues to expand, the study on momentum effect requires the addition of volume to adjust the relevant indicators. This paper selects the weekly returns of all stocks in the Shanghai Stock Exchange and the Shenzhen Stock Exchange as the sample, and uses the overlapping sampling method to test the momentum effect of Chinese stock market from...
Aiming at the problem of the effect of information technology and its impact on the performance of the manufacturing industry. Based on the existing research, we sets information hardware and software investment as explanatory variables, the number of highly educated employees as the moderator variables, the enterprise performance as the explanatory variables. This paper makes an empirical study of...
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