综合物流中心型港口——跨国公司全球竞争的重要基地

通过对当前占世界贸易75%的跨国公司的全球战略经营现状和国际物流发展趋势的分析,提出国际港口必须适时改变传统的经营理念,尽快建设成具有国际综合物流功能的现代化商港。     

Executive Stock Option, Mediation of Agency Costs and Allocation of Power in Levered Firms

The relationship between options and agency costs in levered firms is studied by modeling the effect of executive stock options on the manager‘s investment strategy in levered firms. Stock options do not necessarily aggravate agency costs in levered finns. The corporate governance affects agency costs greatly. If debt-holders were entitled to design executive stock options together with stockholders, by allocating power properly between stockholders and debt-holders, firm value could be enhanced greatly. The following way of allocating power between the two parties is proposed: the exercise price should be the weighted average of the stockholders‘ and debtholders‘ suggested exercise prices. The weight allocated to debt-holders is positively related to the amount of debts that debt-holders lend to stockholders.     

Measuring transport related CO2 emissions induced by online and brick-and-mortar retailing

We develop a method for empirically measuring the difference in transport related carbon footprint between traditional and online retailing (“e-tailing”) from entry point to a geographical area to consumer residence. The method only requires data on the locations of brick-and-mortar stores, online delivery points, and residences of the region’s population, and on the goods transportation networks in the studied region. Such data are readily available in most countries. The method has been evaluated using data from the Dalecarlia region in Sweden, and is shown to be robust to all assumptions made. In our empirical example, the results indicate that the average distance from consumer residence to a brick-and-mortar retailer is 48.54 km in the studied region, while the average distance to an online delivery point is 6.7 km. The results also indicate that e-tailing increases the average distance traveled from the regional entry point to the delivery point from 47.15 km for a brick-and-mortar store to 122.75 km for the online delivery points. However, as professional carriers transport the products in bulk to stores or online delivery points, which is more efficient than consumers’ transporting the products to their residences, the results indicate that consumers switching from traditional to e-tailing on average reduce their transport CO₂ footprints by 84% when buying standard consumer electronics products.     

The link between economic and environmental performance of the top 10 U.S. ports

Ports currently face increasing demands to address a variety of environmental issues and achieve sustainability objectives. Using insights from the resource-based view of firms, this study examines the link between economic performance (EP) and environmental performance (ENP) of the top 10 U.S. seaports. Geospatial modeling is used to capture pollution incidents that can be geographically dispersed; in addition, both a bootstrap data envelopment analysis (DEA) approach and an undesirable DEA model are used to measure port ENP and EP. Our findings are in general consistent with assertions that positive EP can be attained in conjunction with good environmental practices. Ports’ capabilities of strategic capital investment in physical assets, collaborative interorganizational processes, and performance monitoring are essential, while they pursue both economic and environmental goals simultaneously.     

国际资本流动的新趋势与我国利用外资策略的调整

随着经济全球化的投资自由化的加速发展,国际资流动以迅猛的态势得到长足进展,并出现一些新动向及发展趋势。我国应根据国际资本流动的新趋向,结合我国利用外资中存在的问题和偏差,及时调整利用外资策略,以促进我国经济进一步发展。     

跨国公司、国际贸易以及国际海上运输的关系分析

对加入WTO以后中国如何利用良好的国际环境来发展本国贸易及促进海运事业的发展进行了分析。     

An analysis and comparison of multinational officers of the watch in the global maritime labor market

ABSTRACT

Officer of the watch (OOW) is an important part of the maritime labor market. For many years, countries have been improving their development of OOWs for the maritime market, in terms of both quantity and quality. As the supply of qualified OOWs for maritime transportation is such an important issue, shipping companies recruit multinational OOWs for both economic and socio-cultural reasons. This study aims to identify the qualifications of an ideal officer that holds office on commercial ships, and to make a comparison among Filipino, Chinese, Indian, Eastern European and Turkish OOWs. The research takes into account expert opinions of a number of shipping companies that employ multinational seafarers. A Fuzzy Analytic Hierarchy Process (FAHP) technique is applied in this study to assist in the comparison of officers. A number of main and sub-criteria are outlined to determine both positive and negative aspects of OOWs from the selected countries for decision making purposes. This study allows maritime countries to evaluate their maritime education and training policies for selection and assessment of OOWs.     

Achieving an ASEAN single shipping market: shipping and logistics firms’ perspective

ABSTRACT

To establish an Association of Southeast Asian Nations (ASEAN) Single Shipping Market (ASSM) is an important part of ASEAN governments’ overall plan to achieve an ASEAN Economic Community by 2015. It is expected that a single shipping market will improve the region’s logistics performance and international competitiveness. To achieve this vision, however, the ASEAN countries need to remove any remaining barriers to logistics performance. In this light, the objective of this paper is to identify these barriers and assess their effects on the logistics performance of shipping and logistics firms based in ASEAN countries. Using a questionnaire-based survey, the study revealed several barriers affecting their logistics performance with varying significance among these countries. Unless these barriers from the perspective of the industry are removed, the ability of the shipping and logistics industry to benefit from a liberalized market would be limited. These perceived barriers are examined in detail and strategies to address them are proposed. The ASEAN experience is applicable to similar countries in the process of integrating their international shipping sector as well as contributes to the understanding of the different barriers and how these barriers can affect the logistics performance of shipping and logistics companies.     

中国股市小市值组合的界定方法与实证研究

股票市场的规模效应主要指小市值股票能够在市场中获得超额收益的现象。但由于中国股市特殊的股权结构，近年来在国内规模效应研究和风格投资指标中应用了多种未统一的小市值组合界定方法。本文从规模效应的收益特征出发，以实证研究确定中国股市小市值组合的界定方法。研究结果说明，以股票总市值排序后的最小20％家上市公司构建组合，具有最显著的规模效应特征，是最具有风格投资导向价值的划分标准。     

基于SEM的高校科技产业可持续发展驱动因素探讨

对高校科技产业可持续发展驱动因素进行了系统分析,指出政府支持和高校支持是高校科技产业可持续发展的外生因素,而吸收能力、知识传递能力和资源整合能力是高校科技产业可持续发展的内生因素,进而构建了涵盖内生和外生因素的概念模型,并基于结构方程模型方法和问卷调研数据对概念模型进行了验证.