Matching Items (36)
Description汽车行业属于国家支柱型产业，创造了高额的产值，增加了就业岗位。随着汽车生产行业竞争日趋激烈的趋势影响，汽车经销商在未来会出现明显的分化，并且逐步向头部集中。基于这样的行业背景，本项研究开展汽车经销商整体经营和盈利能力等方面的详细深入分析，即系统整合汽车经销商业务运营层面和财务层面数据，结合统计研究方法，对经销商盈利能力进行系统且详实归因分析，从而试别驱动盈利能力的关键业务要素。其研究成果能够完善对行业发展规律和经营模式系统性理解，从而进一步指导该领域的相关业务实践，提高经销商整体经营业绩。本课题通过四个阶段来开展经销商整体经营与盈利归因的相关研究。首先，本课题梳理了中国汽车消费行业发展的历史，同时阐述样本期内（2018-2020年）国内宏观经济和汽车消费市场的特征进行，并介绍X品牌汽车经销商的地理分布、资质和业绩评级体系、自身经营特征以及汽车生产商对经销商扶持政策等方面。在第二阶段，本课题聚焦研究假设、模型与方法，通过对X品牌汽车经销商的业务结构和运营管理开展分析，并逐步识别影响经销商盈利的关键指标变量，并提出研究假设和相关模型（即时间序列模型和面板回归模型）。在第三阶段，本课题首先开展经销商相关信息整体性统计分析，获得关键业务指标在样本期内动态特征，并结合时间序列回归模型探讨各项业务指标对经销商整体盈利能力的影响程度。在第四阶段，本课题采用（个体）固定效应的面板回归模型来研究不同组别（控制）条件下经销商盈利能力的影响因素以及其盈利能力对这些因素的敏感程度，从而更深入和全面地揭示影响经销商盈利能力的潜在因素。
基于上述四阶段的研究结果，本研究进一步就提升经销商盈利能力展开讨论，并提出相应对策。本课题相关结论仅从X品牌汽车经销商经营和财务数据进行定性和定量分析获得，但衷心希望本研究的成果能够对汽车经销商改善经营业务方面能起到实践上的借鉴和指导意义。
ContributorsPan, Guangxiong (Author) / Shen, Wei (Thesis advisor) / Wu, Fei (Thesis advisor) / Zhu, Qigui (Committee member) / Arizona State University (Publisher)
Created2022
Description人口的老龄化不仅对养老事业提出更高的要求，也对养老服务产业人才的培养提出要求。但是青年学生选择涉老服务专业的意愿却非常低。因此，为了探究职业学院如何增强涉老服务专业吸引力这一问题，本文以学生为主体视角，利用相关理论，对于影响青年学生选择涉老服务专业的因素进行全面的分析，并结合深度访谈和调查法，提出并建构了相关的理论模型。首先，通过深度访谈和焦点小组讨论，结合对现有的文献的分析，本文提出了影响青年学生选择职业院校涉老服务专业的各种因素，主要包括：个人未来风险感知、家庭经济资本、社会信息评价、校企合作水平、专业课程建设水平、学生激励水平、师资队伍建设水平。之后，本文通过调查法，基于社会认同理论构建了本文的研究模型，并通过结构方程模型对所构建的模型进行检查。
本文的研究结果表明：个人未来风险感知对学生专业认同度产生负面影响；家庭经济资本对学生专业认同度产生负面影响；社会信息评价对学生专业认同度产生正面影响；校企合作水平对学生专业认同度产生正面影；专业课程建设水平对学生专业认同度产生正面影响；学生激励水平对学生专业认同度产生正面影响；师资队伍建设水平对学生专业认同度产生正面影响；学生专业认同度对学生专业选择意愿产生正面影响。
基于上述研究结论，本文选取了个人未来风险感知、家庭经济资本、社会信息评价、校企合作水平、专业课程建设水平、学生激励水平、师资队伍建设水平等因素对于广东岭南职业技术学院涉老服务专业的现有吸引力进行了分析和评估，并从这些视角进一步了对如何提升招生吸引力问题进行探讨，为提高涉老服务专业对于青年学生的吸引力，得出了相关管理建议。
ContributorsZhou, Lanqing (Author) / Shen, Wei (Thesis advisor) / Wu, Fei (Thesis advisor) / Pei, Ker-Wei (Committee member) / Arizona State University (Publisher)
Created2021
Description自中国共产党第十九次全国代表大会召开之后，中央提出房子“只住不炒”的顶层设计已深入人心。尔后，随着2020年8月央行和银保监会针对房地产企业提出的三道红线等指标，更是全面改变了国内房地产企业的融资模式，对现有房地产企业“高负债、高杠杆、高周转”的经营模式造成了极大地冲击。在新形势下，房地产行业将回归其应有的产业基本面，在充分领会政策精神的前提下，围绕居民实际住房需求探索新的开发、销售模式。在房地产行业营销方面，原先不规范、粗放式的营销模式亟需得到切实的改变，行业内从业机构不能仅仅依赖于传统的自销模式，更需要充分结合市场环境，利用开发商自身的资源禀赋，并且结合当地分销商的渠道力量实现客源拓展，提升去化速率。 为了研究房地产行业营销过程中，分销或自销的营销模式对于销量的影响，本文基于知名上市公司卧龙地产在广东清远项目的营销实验，基于问卷调研、实地访谈等方式，创新性地发现了：（1）在三、四线城市，采用分销模式能显著地提升开发商商品房销售速率；（2）在营销过程中，带客奖励和案场活动等也是开发商售楼处的优秀营销手段；（3）采用渠道联动的政策后，同开发商售楼处销售人员形成“协同销售”是提升终端销量最直接的手段；（4）从业主的视角来看，分销渠道的营销人员针对商品房的推销力度是影响购房者的重要因素。访谈数据显示，业主最终决定成交的因素在于户型，其次则是价格、学区、配套设施。其他加入交叉项的回归结果显示，广告费支出越高，分销模式对于销量的提升作用相应显著。
ContributorsWang, Xiquan (Author) / Zhu, David (Thesis advisor) / Wu, Fei (Thesis advisor) / Shao, Benjamn (Committee member) / Arizona State University (Publisher)
Created2023
Description本文通过分析F证券公司某营业部13000余名投资者从2019到2021年的交易和持仓数据，以及研究投资者处置效应的各主要性质，本文发现，投资者的处置效应造成了相当一部分交易损失。在投资者个人特征方面，风险评级越高的投资者处置效应越弱，印证了处置效应与风险厌恶的关系。更为重要的是，投资者的投资组合分散程度与处置效应负相关、投资组合彩票性质与处置效应正相关。这分别印证了风险厌恶和主观概率作为累积前景理论的核心组成部分，对处置效应的影响。本研究由此得出针对散户投资者的投资建议：在分散化投资的同时，有意识地克服出盈保亏的倾向；侧重于配置安全边际高的股票，减少对于彩票型股票的配置。
ContributorsGong, Haifeng (Author) / Shen, Wei (Thesis advisor) / Wu, Fei (Thesis advisor) / Li, Xianglin (Committee member) / Arizona State University (Publisher)
Created2023
Description本论文主要探讨特色小镇客户居住满意度的影响因素，及提升客户满意度的建议，以CL特色小镇为例，通过理论与实践相结合的方法，利用有序回归模型，探讨CL小镇中影响客户满意度的因素是哪些。在本文的初步研究中，发现：客户对特色小镇的总体满意度水平为3.38，其中对小镇户型布局、空间使用率、居住舒适、环境卫生的满意度达到4.0以上属于非常满意的范畴；且对居住内容期望重要性较高，重要性平均值为 3.70，由此可见客户对所有项目都认为重要性程度较高，其中得分最高的项目为小镇距离行政中心的距离，最低项目为民宿、酒店。
在进一步的回归分析中，发现客户基本特征中的年龄、职业、家庭年收入等；以及客户感受到的内容满意度因素中的特色小镇所在区位、交通便利程度、物业服务等对客户居住满意度有显著正向影响。通过比较分析，发现客户基本特征对于特色小镇客户居住满意度的总体影响大于客户感受到的内容满意度因素。
通过IPA分析，我们发现企业在资源配置中需要做出适当调整，对于小镇的优势区，应在后续运营管理过程中投入更多的关注：小镇周边道路设施情况；建筑布局；小镇公共活动空间包括广场、道路等；景观环境；户型布局：空间使用率、居住舒适度等。对于小镇的重点改进范围应引起高度重视，因为这些因素体现了客户最为重视的需求，如果得不到满足的话则会带来负面的不良影响。所以，为避免此类因素拉低整体满意度，管理者需要尽可能的改进并维持此类绩效因素，该区域的特征为重要性高满意度低。指标包括：小镇距离行政中心的距离；高速；地铁/轻轨；施工质量；儿童乐园；医疗门诊配套；康复理疗；居民素质。通过对细分客户进行IPA分析，发现不同客群对小镇资源的感知程度不一样。因此，在后续小镇的运营中，不仅要关注企业资源配置，小镇内容建设，也需进一步对客户进行甄别。
最后，结合本文实证分析，从政府与企业角度提出改进建议，以期对后续特色小镇客户居住满意度的提升有所帮助。
ContributorsWu, Chen (Author) / Shen, Wei (Thesis advisor) / Wu, Fei (Thesis advisor) / Zhu, Qigui (Committee member) / Arizona State University (Publisher)
Created2023
Description中资地产美元债近年来蓬勃发展，潜力巨大，成为市场的新亮点。截至2021年末，地产债是仅次于金融债的第二大中资离岸债品种。但是，目前关于中资地产美元债的实证研究几乎是空白。本文选取2017年初至2021年末发行的所有中资地产美元债为样本，通过多元线性回归的方法，构建中资地产美元债一级市场发行定价模型，深入分析中资地产美元债发行信用利差的影响因素。基于实践，本文创新性地选择房企基本面、美联储货币政策、房地产调控强度的代理变量，用实证方法来考察各界关注且影响市场发展的关键问题，包括中资地产美元债定价影响因素和作用机制等。研究发现，（1）发行人土地储备规模与中资地产美元债发行利差显著负相关；（2）人民币兑美元汇率与中资地产美元债发行利差显著正相关；（3）房地产调控政策强度与中资地产美元债发行利差显著正相关；（4）对于高收益板块发行人，净负债率指标对发行利差影响并不显著，但调控政策影响显著增强。基于此，本文就发行人合理控制融资成本和推动中资美元债市场创新监管提出相关建议。
ContributorsCao, Ziyan (Author) / Shen, Wei (Thesis advisor) / Wu, Fei (Thesis advisor) / Zhang, Jie (Committee member) / Arizona State University (Publisher)
Created2023
Description
This paper analyzes China's transformative changes over the past four decades through a microeconomic lens focused on enterprises. Market-oriented non-state-owned enterprises have emerged as a pivotal force driving China's economic development within this context. The article investigates the determinants of their development. Notably, more than half of market-oriented non-state-owned enterprises have entered the inheritance stage, necessitating the exploration of novel attributes for sustained growth.The study's research scope is defined across four dimensions, with a specific focus on approximately 4,000 market-oriented non-state-owned enterprises. It investigates the driving factors behind sustained performance growth at various stages of these enterprises, emphasizing five variables: "partnership governance, entrepreneurial spirit, development strategy, incentive mechanisms, and innovation capability." Employing a combination of "typical case studies" and "group validation" methods, the research examines the factors influencing sustained growth in these enterprises and their interrelationships. The goal is to construct a model for enterprise succession and development, ultimately offering recommendations to foster sustained growth.
The research paper is structured into an introduction, literature review and theoretical foundation, typical case studies, empirical research on a group, and a conclusion.
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Key findings include: Partnership governance positively impacts partners' entrepreneurial spirit, promoting sustained performance growth. Trajectory-oriented development strategies, effective incentive mechanisms, and leading innovation capabilities have a positive moderating effect on entrepreneurial spirit, fostering sustained performance growth. During the innovation development phase, partnership governance significantly influences entrepreneurial spirit with a noteworthy environmental moderation effect.
The paper recommends implementing a "Dual-Factor Improvement Model" that enhances both partnership governance systems and the selection and functioning mechanisms of entrepreneurial spirit partners. This approach aims to boost partners' entrepreneurial spirit and facilitate high-quality succession in market-oriented non-state-owned enterprises，，ultimately achieving sustained high-quality growth.
In conclusion, this research contributes to a deeper understanding of sustained performance growth in enterprises. It offers valuable insights for the succession and development of market-oriented non-state-owned enterprises and innovation-driven entrepreneurship. This research holds significant value in advancing sustained high-quality development among market-oriented non-state-owned enterprises in China, optimizing resource allocation, and nurturing talented individuals.
ContributorsDeng, Cheng (Author) / Shen, Wei (Thesis advisor) / Cheng, Shijun (Thesis advisor) / Wu, Fei (Committee member) / Arizona State University (Publisher)
Created2023
Description
The pharmaceutical industry plays an important role in Chinese economic development. How to propel the innovation and growth of the pharmaceutical industry with capital market tools becomes an important question. With the increasing layout of venture capital (VC) in the pharmaceutical industry, the impact of VC participation on the innovation and growth of pharmaceutical enterprises should be carefully studied. For investment purposes, CVCs, which are established by industrial corporations, mainly focus on new technologies and modes in the relevant industrial chain of their parent companies, and try to establish strategic synergy through their equity investment. IVCs have no specific industry restrictions, and their purpose is to search for and identify innovative enterprises with high growth potentials, and to harvest financial gains by investing in them.In order to explore these issues, this paper collects and analyzes data from a sample of Chinese A-share listed pharmaceutical companies from 2015 to 2022, tests the impact of VCs on the innovation inputs, innovation outputs, and growth performance of this sample of companies, and examines the differences between the impacts of IVCs and CVCs on the relevant performance. It is found that VC investment has a significant positive impact on pharmaceutical firms' innovation input, innovation output, and firm growth. In particular, IVCs have a significant positive effect on innovation input, growth performance, and an insignificant effect on innovation output of pharmaceutical firms.
CVCs, on the other hand, have a significant positive effect on innovation input, innovation output, and growth performance of pharmaceutical firms. In addition, the interaction between IVC and CVC can further enhance the innovation input level and growth performance level of pharmaceutical enterprises.
This paper uncovers the differences in the impact of IVCs and CVCs on the innovation input, innovation output, and growth performance of pharmaceutical enterprises, expands the research on venture capital, enriches the driving mechanism of pharmaceutical enterprises' high-quality growth and innovation capability in the Chinese context. This paper also provides some insights into how pharmaceutical enterprises select VCs and how VCs can empower pharmaceutical enterprises in practice.
ContributorsZhang, Pei (Author) / Zhu, David (Thesis advisor) / Yan, Hong (Thesis advisor) / Wu, Fei (Committee member) / Arizona State University (Publisher)
Created2023
ContributorsWu, Fei (Composer)
ContributorsWu, Fei (Composer)