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Revisiting and reinforcing the Farmers Fox Theory: A study (test) of three cases of cross-border inbound acquisition transactions 农户狐狸理论的重新审视与强化——基于三个跨境入境并购案例的研究(检验)
Pub Date : 2015-01-01 DOI: 10.1016/j.psrb.2015.12.001
K.S. Reddy , En Xie , Rajat Agrawal

This paper aims to revisit and reinforce the early development of Farmers Fox Theory (Reddy et al., 2014a) by analysing three cases in the cross-border inbound acquisitions stream. A qualitative case method is adopted to explore the findings from the sample cases, which are the Vodafone–Hutchison telecom deal, the Bharti Airtel–MTN broken telecom deal, and the Vedanta–Cairn India oil deal. We highlight discussions on organizational factors, due diligence issues, deal characteristics, and country-specific determinants. Importantly, we test various theories propounded in the economics and management literature, and establish an interdisciplinary setting to both redefine the theory and reframe the propositions. The study eventually suggests that government officials' erratic nature and the ruling political party's influence were found to be severe in foreign inward deals characterized by a higher bid value, a listed target company, cash payments, and stronger government control in the industry. The findings of this research not only help researchers in strategy and international business but also managers participating in cross-border negotiations.

本文旨在通过分析跨境入境收购流中的三个案例,重新审视和加强农民福克斯理论的早期发展(Reddy等人,2014a)。本文采用定性案例方法来探讨样本案例的结果,样本案例包括Vodafone-Hutchison电信交易、Bharti Airtel-MTN电信交易破裂以及Vedanta-Cairn印度石油交易。我们重点讨论组织因素、尽职调查问题、交易特征和国家具体决定因素。重要的是,我们检验了经济学和管理学文献中提出的各种理论,并建立了一个跨学科的环境来重新定义理论和重新构建命题。该研究最终表明,在出价更高、目标公司上市、现金支付、政府对行业控制更强的对外内向交易中,政府官员的不稳定性质和执政党的影响力被发现是严重的。本研究的发现不仅对战略和国际商务研究人员有帮助,而且对参与跨境谈判的管理者也有帮助。
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引用次数: 9
An empirical and fuzzy logic approach to product quality and purchase intention of customers in two wheelers 产品质量与两轮车消费者购买意愿的实证模糊逻辑分析
Pub Date : 2015-01-01 DOI: 10.1016/j.psrb.2016.02.001
Kottala Sri Yogi

This research paper investigates the level of product quality based on the dimensions of quality. Customers' priorities when purchasing a two wheeler have been analysed for different manufacturers using a structured questionnaire. This study uses both an empirical and a fuzzy logic approach to accomplish the research objectives. Among the different brands that are available in the Indian two wheeler market, customers have given priority to high trade-in value, power to climb hilly areas, ease of modification, availability of many accessories, and high pick up during overtaking. This research highlights the effect of high trade value on performance, an effective braking system effect on reliability, and engine life on durability; among two wheeler customers, a two wheeler's conformance to specifications has a positive relationship with lower maintenance during the purchasing process. This study has proposed a framework for product quality and purchasing strategies for customers when buying two wheelers that takes into account the factors affecting the purchase of two wheelers in the Indian market.

本文从质量的维度来考察产品的质量水平。客户在购买两轮车时的优先事项已经使用结构化问卷对不同制造商进行了分析。本研究采用实证与模糊逻辑相结合的方法来完成研究目标。在印度两轮车市场上的不同品牌中,客户优先考虑的是高折价、爬坡能力、易于改装、多种配件的可用性以及超车时的高拾取度。本研究强调了高交易价值对性能的影响,有效的制动系统对可靠性的影响,以及发动机寿命对耐久性的影响;在两轮车客户中,两轮车的规格一致性与购买过程中较低的维护成本呈正相关。本研究提出了一个框架,为客户购买两轮车时的产品质量和购买策略,考虑到影响购买两轮车在印度市场的因素。
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引用次数: 13
Optimal replenishment and sales team initiatives for pharmaceutical products – A mathematical model 医药产品的最佳补货和销售团队计划-一个数学模型
Pub Date : 2015-01-01 DOI: 10.1016/j.psrb.2015.11.002
Shib Sankar Sana , Shibaji Panda , Nikunja Mohan Modak

The paper addresses an inventory model of pharmaceutical products where the demand rate of the customers increases with the volume of the initiatives of the sales team. In this model, the deterioration of the product varies depending on on-hand inventory. The volume of sales team initiatives is a control variable. It is dependent on on-hand inventory and vice versa. The profit function of the farm is formulated by the trading of inventory costs, purchasing costs, losses due to deterioration and sales team initiative costs, considering inflation and the time value of the monetary cost and profit parameters. Finally, the profit function is maximized by a variation of the calculus method. A numerical example is given to justify our model.

本文解决了一个药品库存模型,其中客户的需求率随着销售团队的主动性而增加。在这个模型中,产品的劣化程度取决于库存。销售团队主动性的数量是一个控制变量。它依赖于库存,反之亦然。农场的利润函数是通过库存成本、采购成本、变质损失和销售团队主动成本的交易来制定的,同时考虑通货膨胀和货币成本和利润参数的时间价值。最后,通过微积分方法的一种变化使利润函数最大化。最后给出了一个数值算例来验证模型的正确性。
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引用次数: 10
Quality guidelines for good governance in higher education across the globe 全球高等教育善治质量指南
Pub Date : 2015-01-01 DOI: 10.1016/j.psrb.2016.01.001
Khalid Zaman

Globally, the rules and regulations of higher education are for the betterment of economies and social uplift. The objective of this study is to develop a link between governance indicators and educational outcomes, particularly in relation to the internationalization of our universities. The current study proposes a framework for the internationalization of universities using three broad categories of governance indicators, i.e., political governance, economic governance and an institutional dimension of governance; these three categories are accompanied by six educational factors: higher education expenditures, higher education enrolment, higher education expenditures per student, literacy rate, research & development expenditures and economic growth during the period of 1996–2012. The panel fixed effect model is employed for estimating the possible links between governance indicators and educational outcomes. The results reveal that governance indicators act as a strong contributor for increasing educational effects, which further assist in formulating the policies towards the internationalization of universities. It is concluded that greater Voice and Accountability, political stability, government effectiveness, regulatory quality, rule of law and control of corruption enhance educational outcomes, which ultimately benefit the major regions of the world that have internationalized their universities.

在全球范围内,高等教育的规章制度是为了经济的改善和社会的提升。本研究的目的是建立治理指标与教育成果之间的联系,特别是与我们大学的国际化有关。本研究利用三大类治理指标,即政治治理、经济治理和治理的制度维度,提出了一个大学国际化的框架;这三个类别伴随着六个教育因素:高等教育支出,高等教育入学率,学生人均高等教育支出,识字率,研究&;1996-2012年发展支出与经济增长。采用面板固定效应模型估计治理指标与教育成果之间可能存在的联系。结果表明,治理指标对提高教育效果有重要作用,有助于制定大学国际化政策。报告的结论是,更大的话语权和问责制、政治稳定、政府效率、监管质量、法治和腐败控制都能提高教育成果,最终使世界上大学国际化的主要地区受益。
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引用次数: 42
Discriminant model for online viral marketing influencing consumers behavioural intention 网络病毒式营销影响消费者行为意愿的判别模型
Pub Date : 2015-01-01 DOI: 10.1016/j.psrb.2015.12.002
Sharda Haryani , Bharti Motwani

Advancements in communication technology have given rise to the evolution of a new electronic form of word-of-mouth publicity i.e., viral marketing communication. Internet induced viral marketing is a highly effective tool available to marketers today. Online marketing has been used by various organizations via platforms, such as blogs, company websites, and social networking sites. Online marketing is helping organizations to grow their business by adopting strategies to reach out to their customers. Such marketing can be used to generate brand awareness among large populations in a short span of time; in addition, consumers can refer brands to others. Word of mouth publicity can be a powerful factor to influence the purchasing decision of customers. This paper is an attempt to predict the buying intention of consumers as a result of internet induced viral marketing techniques. The study was performed on primary data collected through self-structured questionnaire based on a five-point Likert Scale. Non-probability judgemental sampling was used. Discriminate analysis was performed using statistical software SPSS 16.0. The study determines the important factors that predict customer buying behaviour. Marketing managers should understand these factors and appropriately target the customer. Appropriate use of these factors can help the managers' businesses flourish. In this study, we found that the factors immense efficacy, professed security and escalating brand were significant predictors of the consumer's buying intention.

通信技术的进步导致了一种新的电子形式的口头宣传的演变,即病毒式营销传播。网络诱导病毒式营销是当今营销人员可用的一个非常有效的工具。网络营销已经被各种组织通过平台使用,如博客、公司网站和社交网站。网络营销正在帮助组织通过采取策略来接触他们的客户来发展他们的业务。这种营销可以在短时间内在大量人群中产生品牌知名度;此外,消费者可以将品牌推荐给其他人。口碑宣传是影响顾客购买决策的重要因素。本文试图通过网络诱导病毒式营销技术来预测消费者的购买意愿。本研究采用李克特五分制自构问卷收集原始数据。采用非概率判断抽样。采用SPSS 16.0统计软件进行判别分析。该研究确定了预测顾客购买行为的重要因素。营销经理应该了解这些因素,并适当地定位客户。适当利用这些因素可以帮助管理者的业务蓬勃发展。在本研究中,我们发现巨大效能、自认安全感和品牌升级是消费者购买意愿的显著预测因子。
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引用次数: 29
A joint venturing of single supplier and single retailer under variable price, promotional effort and service level 单一供应商和单一零售商在可变价格、促销力度和服务水平下的合资企业
Pub Date : 2015-01-01 DOI: 10.1016/j.psrb.2015.11.001
Arpita Roy , Shib Sankar Sana , Kripasindhu Chaudhuri

This paper analyses a two-echelon supply chain composed of one supplier and one retailer. The market demand is assumed to be uncertain and considered to be retail price dependent and dependent on the supplier's service level and on the retailer's promotional effort. The unsold items at the retailer are repurchased by the supplier at a price less than the sales prices. Conversely, the retailer encounters shortages because the demand is naturally uncertain. The optimal order quantity, selling price, promotional effort and service level are evaluated analytically as well as numerically for single period news-vendor-type demand patterns. The profit functions of the supplier and the retailer are analysed and compared in accordance with Stakelberg and integrated approaches. Computational results show that an integrated system is always beneficial for the members of the chain.

本文分析了由一个供应商和一个零售商组成的两级供应链。假定市场需求是不确定的,并认为它依赖于零售价格,依赖于供应商的服务水平和零售商的促销努力。零售商未售出的商品由供应商以低于销售价的价格重新购买。相反,零售商遇到短缺是因为需求自然是不确定的。对单周期新闻供应商型需求模式的最优订货量、销售价格、促销力度和服务水平进行了分析和数值评估。供应商和零售商的利润函数分析和比较,按照斯塔克伯格和综合的方法。计算结果表明,一个完整的系统对链的成员总是有利的。
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引用次数: 12
Various forms and mechanisms of Chinese-Russian cooperation in the energy sphere and the role of non-governmental structures 中俄能源领域合作的多种形式和机制以及民间机构的作用
Pub Date : 2015-01-01 DOI: 10.1016/j.psrb.2016.01.002
Andrey S. Golobokov

A number of multilateral cooperation projects in Central Asia relate to the development of the interaction between China, Russia and other states in the region in the frame of the Shanghai Cooperation Organization (SCO). In 2015, the organization increased the number of its members for the 1st time since 2001 and stressed the development of non-governmental structures including an energy club or a business club as one of the key factors.

The energy market of Shanghai Cooperation Organization has great potential for China and Russia. Furthermore, the widening of this market accompanies the will of the SCO participants to defend their national interests.

The role of the Energy Club, as a universal mechanism to develop integration ties in a Eurasian energy policy, is examined in the paper. The various aspects and tendencies of China, Russia and other member states' strategy in the SCO's Energy Club are analysed in the article. This paper is of interest to economists, political experts, planners, lecturers and students interested in Asia Pacific and Central Asia affairs.

中亚地区的一些多边合作项目涉及发展中俄和本地区其他国家在上海合作组织框架内的合作。2015年,该组织自2001年以来首次增加了成员数量,并强调能源俱乐部或商业俱乐部等民间组织的发展是关键因素之一。上海合作组织能源市场对中俄两国来说潜力巨大。此外,这一市场的扩大还伴随着本组织成员国维护本国利益的意愿。能源俱乐部作为欧亚能源政策中发展一体化联系的普遍机制,其作用在本文中得到了检验。文章分析了中国、俄罗斯和其他成员国在上海合作组织能源俱乐部战略的各个方面和趋势。本文适合对亚太和中亚事务感兴趣的经济学家、政治专家、规划师、讲师和学生。
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引用次数: 6
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Pacific Science Review B: Humanities and Social Sciences
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