Matching Items (24)
Filtering by

Clear all filters

155990-Thumbnail Image.png
Description
This article can be divided into six parts.

The first chapter analyzes the background, theatrical and particle reasons of this research. The author argues that the management of law firm needs a set of good system. The first one is operating the law firm in scale, and the other on

This article can be divided into six parts.

The first chapter analyzes the background, theatrical and particle reasons of this research. The author argues that the management of law firm needs a set of good system. The first one is operating the law firm in scale, and the other on is corporate management model, which shall be constructed in detail in the paper and will be put into practice by the law firm in which the author is worked.

The second chapter will introduce modern management theory, combining the situation of management in our law firm to analyze, raising some reasonable suggestions and instructions to promote our law firm to achieve the corporate management.

In the third chapter, the first chapter, starting with the review of the development process of foreign and our law firms, listing the organizational forms and the characteristics of our law firm, analyzing the situation and the drawbacks of the law firm management.

The fourth and fifth chapter introduce he background, the connotation of the corporate management model, listing the development and successful experience of some typical cases in respect of corporate management.

In the last chapter, the construction of corporate management model will be introduced in terms of organization form, human resource management and informationizing development.

The corporate management model is not mature in china. Though it is not easy to reform the existing model, but it should be believed that the development benefiting the legal industry will be achieved.
ContributorsZhu, Ping (Author) / Gu, Bin (Thesis advisor) / Chang, Chun (Thesis advisor) / Zhu, Ning (Committee member) / Arizona State University (Publisher)
Created2017
157089-Thumbnail Image.png
Description财富管理是一个高度信息不对称的行业,因此投资人需要尽可能减少自身的不确定来做投资决策,通过文献整理,本文发现通过建立信任来消除不确定性是很多投资人都会选择的帮助投资决策的方法。纵观历史,美国2007-2008年的金融危机也恰恰导致金融市场投资人对于理财机构信任的严重缺失,相同的情况也可能发生在中国财富管理市场,因此本文将此选作研究重点,希望深入研究财富管理公司投资人对理财师的信任来得到一系列结论。本文最终发现就平台和理财师相比,投资人更看重平台的信誉度。 投资人大多认为平台的信誉度要高于理财师的信誉度,但是这并不意味着理财师不重要。本文进一步的分析发现,多数投资人会和理财师建立起一种私人联系,且该私人关系有助于加强客户和平台的联系。投资人认为行业经验、为人诚恳,说话可信以及责任心是加强这种私人关系的重要因素。最后,投资人对于钜派平台的信任主要由对于理财师的信任来维持,同时对于理财师的信任主要来自与情感信任。本文的发现对财富管理平台具有战略意义。
ContributorsWu, Qimin (Author) / Shen, Wei (Thesis advisor) / Chang, Chun (Thesis advisor) / Zhu, Hongquan (Committee member) / Arizona State University (Publisher)
Created2019
157094-Thumbnail Image.png
Description当前,上市公司的盈余管理问题已是我国资本市场中普遍存在的突出问题。一般来说,一些企业为了满足资本市场对于上市、增发等条件的要求,以及为有效推动企业的并购、重组等行为的顺利实现,甚至为了谋求公司管理层的个别利益,往往运用盈余管理等举措实施公司财报及关键指标的粉饰修正,让不知情的股民蒙受一定的损失。普遍分析显示,我国股市中民营企业比其他企业遭遇的问题和压力更多、更大、更突出,因此民营企业从客观上来说拥有更强的盈余管理动机。而从当前我国资本市场的实际情况来看,我国相关专家学者对盈余管理的系统性深入研究,一般都瞄准了上市企业群体或持续亏损企业,对盈余管理的研究不系统、不全面、不深入,这将对我国进一步提升盈余管理监管水平构成一定不利影响。当前,由于我国民企在自身管理及发展动力方面的特殊性,我国民企的管理、盈余管理特点和国外上市公司还存在着很大的不同,进一步深入研究我国民企上市公司自身管理方面的突出特点,以及其对企业盈余管理等方面的深层次影响,有助于监管层对症下药,更有针对性地研究出台全新的监管措施,进一步提升管理水平。这还可以为公司发展的决策层及相关会计信息使用人员提供一定的决策参考, 因此其拥有十分重要的意义。

本文首先认真总结分析了有关上市企业治理结构和盈余管理等方面的历史文献资料,依托当前资本市场上普遍运用的委托代理、内部人控制和契约等理论,系统研究了我国民企上市公司在自身治理结构方面的突出特征以及其对盈余管理方面所构成影响的深层次原理。在此基础上,本文通过2015-2017年我国上市企业数据,基于截面Jones模型对民营企业和非民营企业盈余管理程度进行测算和比较分析,发现民营企业盈余管理程度更高;从四个层面系统研究民企公司自身的治理结构突出特点,设立回归模型论证了民营企业独特的公司治理结构特征对盈余管理程度确实会产生影响;最后,本文进一步利用修正的费尔萨姆一奥尔森估价模型对民营上市公司盈余管理有公司价值的关系进行了验证,发现两者具有显著相关性。
ContributorsChen, Hui (Author) / Shen, Wei (Thesis advisor) / Chang, Chun (Thesis advisor) / Huang, Xiaochuan (Committee member) / Arizona State University (Publisher)
Created2019
157113-Thumbnail Image.png
Description随着中国经济过去30多年的高速发展,出现了一大批的高收入人群,他们更注重生活的品质,如追求自然、简约、低调的休闲生活方式,更看重健康生活、自身的身心修养,和提高自身修养的内涵式生活,以及注重子女的内涵气质教育。

同时,具有很强烈地获得心理认同的需求,参加各种以消费和交往为媒介和主体活动的社群或“社交圈子”,在心理和情感上自我获得与其在财富、生活方式以及生活品位等诸方面都类似的群体间的身份认同感和归属感;更看着与其社会阶层相匹配的身份地位、社交人脉、兴趣爱好等。

因此,从运营的角度来看,如何增加上述这些高净值人群对高净值社群的归属感,进而提高其对高净值社群的忠诚度,是高净值社群进一步可持续经营和发展的基石。本研究以上海嘉庭俱乐部为例,在对问卷调查的基础上,通过实证研究,探讨影响高净值社群归属感与忠诚度的关键因素,高净值社群中会员的归属感与忠诚度的关系,会员生活型态的差异使得归属感与忠诚度的影响关系呈现显著的不同。

实证研究表明,“时尚流行”会员较为理性,其更注重休闲风尚;而“优雅休闲与享受尊荣”的会员则偏感性,其相当注重心灵感受与宁静舒适的感觉,强调全家共享以及纯封闭式的会员享受,能够更多地认识到与个人品味和品位相同的人,如对生活品质的追求、价值观、子女教育等;内心更开放、所接受教育程度更高的家庭,在嘉庭会感受到的归属感意识更高、其忠诚度也更高。
ContributorsLi, Hailin (Author) / Gu, Bin (Thesis advisor) / Chen, Xinlei (Thesis advisor) / Chang, Chun (Committee member) / Arizona State University (Publisher)
Created2019
154409-Thumbnail Image.png
Description
This study seeks to develop a framework that can help firms in China’s guarantee industry to better identify and prevent risk when they offer guarantee services to small and medium-sized enterprises (SME). With the continuously increasing demands of SME financing, the guarantee industry has developed rapidly in China. Meanwhile, the

This study seeks to develop a framework that can help firms in China’s guarantee industry to better identify and prevent risk when they offer guarantee services to small and medium-sized enterprises (SME). With the continuously increasing demands of SME financing, the guarantee industry has developed rapidly in China. Meanwhile, the turmoil in global financial markets and the significant slowdown of global economy have started to have a negative impact on China’s economy, increasing the risk exposure of China’s guarantee industry. In this context, risk identification and prevention becomes the core competence of a guarantee company. Based on a review of the existing research, two in-depth case studies, and the author’s personal experiences in this industry, this paper does not only provide a comprehensive list of the risks that guarantee firms face in China but also measures for risk identification and prevention.

This thesis is organized as follows. First, I provide a brief description about the emergence and development of China’s guarantee industry, as well as its current status. Next, I explain what kinds of risks faced by guarantee firms in China that influence their performance and survival, and summarize the various external and internal risk factors. I also conduct one in-depth case analysis to illustrate how a guarantee firm can better identify the risks it is exposed to. Next, on the basis of another in-depth case analysis, I develop a framework that can help guarantee firms to systematically develop effective measures of risk identification and prevention. I conclude with a discussion of this study’s implications for guarantee firms and the regulatory governmental agencies in China.
ContributorsWu, Daorong (Author) / Shen, Wei (Thesis advisor) / Liu, Jun (Thesis advisor) / Chang, Chun (Committee member) / Arizona State University (Publisher)
Created2016
154666-Thumbnail Image.png
Description
This paper studies the dynamic relationship between the pricing of Alternative Asset Management products and macroeconomic variables. It does so using an index of Alternative Asset Management products, employing a VAR framework and examining the implied impulse response functions. I find a bivariate causal relation between the expected rate of

This paper studies the dynamic relationship between the pricing of Alternative Asset Management products and macroeconomic variables. It does so using an index of Alternative Asset Management products, employing a VAR framework and examining the implied impulse response functions. I find a bivariate causal relation between the expected rate of return on Alternative Asset Management products and the growth rate of industrial value added. I also find that the CPI, the yield on one-year national debt, the weighted average yield of bond repurchases in interbank bond market, and the one-year loan interest rate can influence the expected return rate of Alternative Asset Management products. An analysis of the variance decomposition suggests that macroeconomic variables have a different impacts on forecast errors variance.
ContributorsHuang, Jianxian (Author) / Wahal, Sunil (Thesis advisor) / Chang, Chun (Thesis advisor) / Lee, Peggy (Committee member) / Arizona State University (Publisher)
Created2016
168271-Thumbnail Image.png
Description在我国绩效管理领域,国内企业目前大多仅适用客观评价指标,而往往忽略了更有弹性的主管评价等主观评价指标。但在世界范围内,随着绩效管理理论的不断发展,以平衡计分卡(BSC)为代表的新型绩效管理体系管理范围更加广泛,除了客观业绩之外,还将很多主观指标也纳入绩效评价系统内,并且得到了诸多跨国公司的引用。为了探究以主管评价为代表的主观指标与客观业绩之间的关系,本文以R公司为例,基于其内部的实际数据,分析了员工业绩与主管评价之间的相互关系。研究发现,员工历史客观业绩与主管评价呈正相关关系,且相较于员工长期客观业绩,这种关系在员工短期业绩中更加明显。基于此,研究还发现,主管历史评价与员工后期的客观业绩也呈正相关关系,且相较于前期主管评价,这种关系在当期主管评价中更加明显。除此之外,本文还发现主管和员工的性别差别和学历差别会同时减弱上述员工业绩与主管评价之间的正相关关系。综上,本文研究结果为企业设计和制定绩效考核标准提供了一定的参考,有助于企业更好地进行绩效体系的构建。
ContributorsJin, Tao (Author) / Shen, Wei (Thesis advisor) / Chang, Chun (Thesis advisor) / Wu, Fei (Committee member) / Arizona State University (Publisher)
Created2022
168684-Thumbnail Image.png
Description本文对中国制药企业并购溢价影响因素进行了研究,提出了对制药企业并购非常重要的两个新的影响因素:可生产药品批文和在研新药批文。本文以2011年1月—2019年12月间我国制药行业上市公司并购事件为样本,对在研新药和可生产药品批文的价值从四个维度度量:是否有在研新药和可生产药品批文;在研新药数量及可生产药品批文数量;根据创新药和仿制药两个类别进行细分;标的企业所拥有的在研新药和可生产药品批文的市场价值。论文发现药品批文对企业并购溢价的影响不是很显著。进一步的,本文探究了药品批文对主并企业的对被并购公司的估值的影响。实证结果表明,我国制药企业在并购估值时确实会考虑到在研新药和可生产药品批文的价值。本文还发现对于可生产药品来说,相对创新药,被并购公司持有的仿制药批文影响更显著。而对于在研新药来说,主并企业更看重在研的创新药,在研仿制药对并购估值的影响不大。最后,本文选取了两个代表性案例进一步分析和探讨药品批文对企业并购的影响。
ContributorsYe, Tao (Author) / Shen, Wei (Thesis advisor) / Chang, Chun (Thesis advisor) / Jiang, Zhan (Committee member) / Gu, Bin (Committee member) / Arizona State University (Publisher)
Created2022
168744-Thumbnail Image.png
Description应收账款(Accounts Receivable)是企业在正常的经营过程中因销售商品、产品、提供劳务等业务,应向购买单位收取的款项,包括应由购买单位或接受劳务单位负担的税金、代购买方垫付的各种运杂费等。国内的工业制造业,由于产能过剩带来的产需不平衡、市场信誉危机带来的市场不规范以及历史供给关系等诸多问题的影响,形成了以买方市场为主的供需结构关系。企业为了提高资金周转效率、增大市场占有率,往往会选择以信用赊销为主的结算方式,造成应收账款激增。但是,应收账款的激增在提高企业账面利润、降低存货储备的同时,也无形中减少了企业的现金流量,造成企业真实盈利能力下降、偿还债务能力减弱、资金周转效率降低,加大企业经营风险。所以,如何有效管理应收账款,从而增加企业竞争力是每个企业发展过程中的重要课题。应收账款的管理不仅要在形成应收账款之后加大催收力度,形成多种多样、真实有效的回款方式,同时也要在合同签订、执行过程中加强风险管理力度。应收账款的信用风险管理已经成为现代企业管理中不可或缺的一部分。分析卧龙公司应收账款的成因与管理可以发现,赊销形成的应收账款占据极高比例,卧龙公司对于赊销管理缺乏有效的组织结构与保障体系,本研究从销售合同、客户特征属性、客户财务数据角度出发,研究合同条款、客户特征属性、客户财务数据与应收账款是否逾期的关系。研究发现,应收账款逾期的客户,每年的逾期原因都不一样,但是影响逾期的显性因素是很少的,这与电机行业作为传统制造业,受宏观经济周期影响相关,行业形势每年都面临较大的变化,但是另一方面,影响逾期的因素相对少意味着其实还是有办法找到主要原因的,只要可以提前预判出主要因素,并有针对性的采取预防措施,可以一定程度上缓解应收账款逾期的问题。从整体的逾期与否预测的逻辑回归模型看,无论使用单变量筛选的logistic回归模型,还是使用层次分析法确定的logistic回归模型,分类正确率都可以达到70%以上,使用本研究中提炼出来的变量,在历史数据中,模拟预测过程的效果很好,为解决应收账款逾期问题提供了有力的辅助工具,而且,层次分析法充分采纳了团队管理公司多年的经验,变量最后控制在15个以内,能实现与50多个变量类似的效果,甚至更佳,降价了模型维护的经济成本、实际使用的难度,也客观上给带领团队进行尝试提供了信心。本文研究成果可以辅助卧龙集团管理应收账款,为控制风险提供指导,具有一定的实践价值。
ContributorsPang, Xinyuan (Author) / Pei, Ker-Wei (Thesis advisor) / Chang, Chun (Thesis advisor) / Zhu, Qigui (Committee member) / Arizona State University (Publisher)
Created2022
168544-Thumbnail Image.png
Description2020年,中国经济总量首次突破百万亿大关,位居全球经济总量排名第二,成为全球经济唯一正增长的经济体,实现了中国“增长奇迹”。但是,近年来企业普通员工收入的增长速度远低于社会经济发展的增长速度。二十一世纪是人才竞争的时代,企业转型升级发展的关键在于员工的自主创新能力。根据薪酬激励理论,企业为员工支付更高的薪酬可以调动员工的工作热情和积极性,增强员工的自主创新能力,提高企业创新绩效和企业价值。因此,本文试图研究员工薪酬与企业价值之间的关系,并探索创新绩效是否在其关系中起到中介效应作用。本文通过回顾和梳理国内外有关员工薪酬、创新绩效和企业价值三者关系的相关文献,结合该领域国内外学者的研究经验,以我国科创板上市的214家公司为本文研究的样本。在理论分析和经验研究的基础上,得出以下研究结果:   (1)在科创板上市公司的全样本中,回归结果发现,员工薪酬与企业价值呈显著正相关,员工薪酬与企业创新绩效呈显著正相关,创新绩效与企业价值呈显著正相关,创新绩效在员工薪酬与企业价值的关系中具有中介效应的作用。 (2)区分了企业产权性质后,在民营企业的样本组中,其回归结果发现与全样本组的回归结果基本一致。在非民营企业的样本组中,员工薪酬与创新绩效和企业价值的系数虽为正,但系数的P值并不显著,说明员工薪酬对创新绩效和企业价值都具有正向的激励作用,但不显著;创新绩效对企业价值具有正向的促进作用,但不显著;创新绩效在员工薪酬对企业价值的关系中不具有中介效应,而是起到了遮掩效应的作用。   (3)区分了企业经营所在地后,在非一线城市企业样本中,其回归结果发现与全样本的回归结果基本一致。在一线城市企业样本中,回归结果发现,员工薪酬的系数虽然为正,但P值不显著,说明员工薪酬对创新绩效和企业价值都具有正向的激励作用,但不显著;创新绩效与企业价值呈显著正向相关;创新绩效在员工薪酬对企业价值的关系中起到了遮掩效应。
ContributorsJin, Jian (Author) / Huang, Xiaochuan (Thesis advisor) / Chang, Chun (Thesis advisor) / Li, Hongmin (Committee member) / Arizona State University (Publisher)
Created2022