Based on the stakeholders management theory,this paper provides a new strategic management method for the National Sustainable Development Strategy.By taking China's National Sustainable Development Strategy Manag...Based on the stakeholders management theory,this paper provides a new strategic management method for the National Sustainable Development Strategy.By taking China's National Sustainable Development Strategy Management as an example,this paper identifies all the stakeholders involved and then assesses stakeholders from two dimensions,namely "Importance" and "Attitude",by which all of the stakeholders are divided into six categories.On this basis,further analysis is made to work out strategic management programme by scheduling the strategic emphases,steps and management countermeasures for different types of stakeholders so as to provide theortical evidence for the practice of National Sustainable Developnent Strategy management.展开更多
This paper investigates how social media can be used as a communication tool throughout the event management process, how online social networking interfaces can allow consumers to become more engaged with special eve...This paper investigates how social media can be used as a communication tool throughout the event management process, how online social networking interfaces can allow consumers to become more engaged with special events, and how social media can be used to help gauge the social and cultural impact of special events. By synthesizing prominent literature that is peripherally related, this paper establishes both a base of knowledge for this new realm of inquiry, as well as identifying a platform for further research. The paper also adds to the knowledge based by creating a theoretical framework which brings together practice theory with situationist theory to present a new lens through which to examine this issue. From a theoretical standpoint, technology is said to be a reflection of society. If technology can be linked to society and society in turn can be equated with the spectacle then it is a natural progression to examine technology as spectacle. Therefore, using the two theories in tandem provides a very suitable lens to frame an investigation of technology as spectacle, and the viability of social media as a communication tool for special events.展开更多
The application of behavioural theory to corporate finance is now attracting the attention of theoretical work. However, very little rigorous empirical work has been carried out to analyse the desirability of behaviou...The application of behavioural theory to corporate finance is now attracting the attention of theoretical work. However, very little rigorous empirical work has been carried out to analyse the desirability of behavioural biases in relation to financing decisions. The main results argue that managerial overconfidence provides an alternative determinant of capital structure. However, many questions remain to be explored, related to overconfidence measures and positive/negative effects of managerial overconfidence. Our paper assumes that the combination of financial theory and behavioural theory leads to better explanatory power. We follow two complementary goals. Firstly, we examine the dynamic trade-off model introducing a behavioural perspective. Secondly, we propose extending the pecking order analysis to incorporate overconfidence in Shyam-Sunder and Myers＇s model. We use a sample of Tunisian firms and employ panel-data estimation procedures to account for endogeneity and spurious correlation issues. Our results confirm the assumption that manager confidence is positively related to debt level. Overconfident managers underestimate the probability of financial distress and will choose higher levels of debt than they would if they were ＂rational＂.展开更多
文摘Based on the stakeholders management theory,this paper provides a new strategic management method for the National Sustainable Development Strategy.By taking China's National Sustainable Development Strategy Management as an example,this paper identifies all the stakeholders involved and then assesses stakeholders from two dimensions,namely "Importance" and "Attitude",by which all of the stakeholders are divided into six categories.On this basis,further analysis is made to work out strategic management programme by scheduling the strategic emphases,steps and management countermeasures for different types of stakeholders so as to provide theortical evidence for the practice of National Sustainable Developnent Strategy management.
文摘This paper investigates how social media can be used as a communication tool throughout the event management process, how online social networking interfaces can allow consumers to become more engaged with special events, and how social media can be used to help gauge the social and cultural impact of special events. By synthesizing prominent literature that is peripherally related, this paper establishes both a base of knowledge for this new realm of inquiry, as well as identifying a platform for further research. The paper also adds to the knowledge based by creating a theoretical framework which brings together practice theory with situationist theory to present a new lens through which to examine this issue. From a theoretical standpoint, technology is said to be a reflection of society. If technology can be linked to society and society in turn can be equated with the spectacle then it is a natural progression to examine technology as spectacle. Therefore, using the two theories in tandem provides a very suitable lens to frame an investigation of technology as spectacle, and the viability of social media as a communication tool for special events.
文摘The application of behavioural theory to corporate finance is now attracting the attention of theoretical work. However, very little rigorous empirical work has been carried out to analyse the desirability of behavioural biases in relation to financing decisions. The main results argue that managerial overconfidence provides an alternative determinant of capital structure. However, many questions remain to be explored, related to overconfidence measures and positive/negative effects of managerial overconfidence. Our paper assumes that the combination of financial theory and behavioural theory leads to better explanatory power. We follow two complementary goals. Firstly, we examine the dynamic trade-off model introducing a behavioural perspective. Secondly, we propose extending the pecking order analysis to incorporate overconfidence in Shyam-Sunder and Myers＇s model. We use a sample of Tunisian firms and employ panel-data estimation procedures to account for endogeneity and spurious correlation issues. Our results confirm the assumption that manager confidence is positively related to debt level. Overconfident managers underestimate the probability of financial distress and will choose higher levels of debt than they would if they were ＂rational＂.
