Potential Characteristics of Supervisory Board,Company Asset Scale and Irregularity of Listed Companies:Empirical Analysis Based on Heckman Two-Stage Model

Based on heterogeneity extraction,this paper analyzes four potential characteristics of the supervisory board,they are Individual Heterogeneity of the Supervisory Member(Internal Heterogeneity),Organization Size of the Supervisory Board(Organization Size),Structural Characteristics of the Supervisory Board(Structural Characteristics)and Identity Background of the Supervisory Board(Identity Background);and verifies the impact and action path of the potential characteristics on irregularities.Then,systematically evaluates the micro enterprise organization construction and corporate governance behavior by using the methods of factor analysis and Heckman two-stage model.Empirical research shows that the scale of corporate assets does have an important impact on corporate irregularities and the governance of the board of supervisors.Under the regulation of the company scale,the three potential characteristics:Organization Size,Identity Background and Structural Characteristics have played a significant inhibitory role on irregularities,and the Internal Heterogeneity has no significant effect.When using violation behavior as an alternative variable of supervision performance,the sample selection deviation will be caused by the lack of information disclosure.This paper suggests that we should pay attention to the team of the board of supervisors scientifically and reasonably,weaken the appropriate personalized differences within the board of supervisors,and comprehensively consider the interaction between the company scale,asset quality and the performance of the board of supervisors when formulating the corporate internal management system.

基于因子分析的创业特质探索研究

采用因子分析方法,本研究对高科技企业创业特质进行了探索性研究。通过对90家高科技企业的分层次访谈和问卷调查,基于国外通用的创业特质维度,发现我国长三角地区的高科技企业创业特质与国外的特质纬度相比有所侧重和区别。因子分析结果表明高科技企业创业特质主要集中在创新性、自主性、稳健性和合作性四个特质纬度。本研究的结果对于高科技企业中高层管理人员的选拔和任用有着重要的意义。

基于因子分析的酒类上市公司财务能力评价

选取20家酒类上市公司(包括白酒、啤酒、葡萄酒、黄酒、保健酒)2015年度财务报表,采用SPSS 19.0系统对其进行因子分析,得出它们营运盈利、获利能力、偿债能力、未来发展趋势的水平及同行业间的综合得分及排名。此研究结果对于酒类上市公司而言,能够了解到自身企业与其他企业间的差距,有针对性地提出改进措施;对于投资者而言,能够使之判断出投资的合理性;对于酒类行业而言,能够促进其进步和发展。

基于BP-DEMATEL模型的我国直辖市创业环境影响因素研究

城市创业环境影响因素较多且相互关联,对创业环境影响因素的识别分析对其改善有重要的指导意义。本文在文献调研的基础上结合调查研究,构建了城市创业环境影响因素指标体系,引入BP-DEMATEL方法定量研究各影响因素间的相互关系,扩展了传统DEMATEL方法的适用范围,通过BP-DEMATEL计算和分析识别出了其中的驱动型因素和特征型因素,并针对4个直辖市的特色提出了改善和优化的策略建议。