{"title":"The impact of financing motivation on development strategy orientation of entrepreneurial firms","authors":"Yao Zheng, Cheng Yue-kai, Jin Lie","doi":"10.1109/ICMSE.2011.6069993","DOIUrl":"https://doi.org/10.1109/ICMSE.2011.6069993","url":null,"abstract":"Based on the theoretical analysis of the relationship among financing motivation, financing choice and development strategy orientation of entrepreneurial firms, this paper puts forward a proposition on the impact of financing motivation on development strategy orientation of entrepreneurial firms, which is then tested empirically using survey data from massive Chinese entrepreneurial firms. The research finds that wealth accumulation motivation and self-determination motivation are two main motivations that influence financing choice of entrepreneurial firms. Driven by the two main financing motivations, entrepreneurial firms primarily choose exogenous equity financing and exogenous debt financing. Financing choice affects development strategy orientation of entrepreneurial firms. Exogenous equity financing leads to entrepreneurial firms' active development strategy orientation while exogenous debt financing leads to their steady development strategy orientation.","PeriodicalId":280476,"journal":{"name":"2011 International Conference on Management Science & Engineering 18th Annual Conference Proceedings","volume":"10 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-11-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115242613","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Research on product market competition and risk of assets","authors":"Wei Lin, Xu Li-wen","doi":"10.1109/ICMSE.2011.6070010","DOIUrl":"https://doi.org/10.1109/ICMSE.2011.6070010","url":null,"abstract":"Aguerrevere (2009) links the product demand, product market competition and risk of assets, then reveals the relationship between the three factors; This paper is based on objective facts, using the evidences from the A share listed companies Chinese for empirical study, in order to reveal the relationship between these factors in real world. The results of the empirical study show: when the demand is high, increased demand at higher levels, the risks of assets decease as the demand rises, therefore the risks of assets in high demand are significantly lower than low levels of demand; when demand is low, firms in more competitive industries have greater risk of assets than firms in less competitive industries; whereas when demand is high, firms in less competitive industries have greater risks of assets than firms in more competitive industries. The empirical study results are consistent with the theoretical conclusion in Aguerrevere's (2009) paper. Finally, according to our study, we give some suggestions to investors, firms and department of economic management respectively.","PeriodicalId":280476,"journal":{"name":"2011 International Conference on Management Science & Engineering 18th Annual Conference Proceedings","volume":"3 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-11-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115427191","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Connotation & evaluation index of entrepreneurship environment in China's entrepreneurship management perspectives","authors":"Guo-fa Chen, Cuiling Wang","doi":"10.1109/ICMSE.2011.6070092","DOIUrl":"https://doi.org/10.1109/ICMSE.2011.6070092","url":null,"abstract":"Favorable circumstances are vital for the development of enterprises in their earlier stage, which are not spontaneous but constructed by the government through regimentation innovation. The denotative meaning of creation environment, working as a public platform, includes all the political, economic and social factors playing impact on the enterprise origination, which works at forming a creative society by four functions, i. e., offering the star-ups encouragement, back-ups, service and protection in enterprise development. Based on the functions of creation environment, a corresponding evaluating index system of the entrepreneurship environment is advanced in the paper, including entrepreneurship related macroeconomic indicators, environmental indicators of entrepreneurship encouragement, support, service and protection, as well as the comprehensive performance indicators of the entrepreneurship environment. Some suggestions are also put forward in the Chinese perspectives of regimentation innovation for entrepreneurship.","PeriodicalId":280476,"journal":{"name":"2011 International Conference on Management Science & Engineering 18th Annual Conference Proceedings","volume":"10 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-11-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116035325","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Research on slotting optimization in automated warehouse of pharmaceutical logistics center","authors":"Deng Ai-min, Cai Jia","doi":"10.1109/ICMSE.2011.6069955","DOIUrl":"https://doi.org/10.1109/ICMSE.2011.6069955","url":null,"abstract":"In the automated warehouse storage management process, due to changes in internal and external environment, the cargo space in the warehouse will become inappropriate and will have to be re-allocated to improve cargo management efficiency and reduce storage management costs. In view of the storage characteristics of pharmaceutical products and the characteristics of automated warehouse, in order to improve the efficiency of the goods moving into and out of the warehouse, store related products together, decrease transportation time of moving products, this paper puts forth a multi objective model, uses genetic algorithms to solve the model, and uses a simulation example to prove the model. The result shows that storage mode can, basically, satisfy the three objectives and achieve slotting optimization.","PeriodicalId":280476,"journal":{"name":"2011 International Conference on Management Science & Engineering 18th Annual Conference Proceedings","volume":"29 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-11-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123505831","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"After crisis the incentive contracts of commercial banks in China: A study based on Holmstrom-Milgrom model","authors":"Cui Ying, Qu Shi-you","doi":"10.1109/ICMSE.2011.6070063","DOIUrl":"https://doi.org/10.1109/ICMSE.2011.6070063","url":null,"abstract":"The crisis in 2008 had a far-reaching influence on the economy and also changed conditions of incentive. Studying the incentive contracts is helpful commercial banks in China to improve the corporate governance in a bid for higher competitiveness in new market circumstances globally. In the framework of Holmstrom-Milgrom model (1991), analyze the multitasking principal-agent relationship and then propose an optimal solution for equalization of incentive contracts. The results indicate that when the supervisory department and social public are unable to achieve the optimal conditions, the administrators pursue profits increasingly. It leads to fewer endeavors to the risk control and social responsibility. Besides the commercial banks insist on incentive executives perfectly, the supervision should restrain more effectively and the incitement of public should be more obviously.","PeriodicalId":280476,"journal":{"name":"2011 International Conference on Management Science & Engineering 18th Annual Conference Proceedings","volume":"25 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-11-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122060255","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Research on the formation mechanism of the innovative enterprises growth path in less developed regions","authors":"Guo Tao, Niu Xiao-meng","doi":"10.1109/ICMSE.2011.6070009","DOIUrl":"https://doi.org/10.1109/ICMSE.2011.6070009","url":null,"abstract":"Defined the Innovative Enterprises growth path and the less developed region, summarized the characteristics of the Less Developed Regions of China and the types of it, explained the growth process of the Innovative Enterprises that the innovative enterprises achieve the developing goals through interaction between the quality growth and the quantity growth of the innovative enterprises, analyzed the formation of the innovative enterprises growth path by means of the complexity theory, revealed the innovative enterprise growth path including gradual path, mutant path, and hybrid path. According to the regional factors characteristics of the less developed regions and the performance of natural, political, economic, social, cultural, and technological factors, summed up the basic innovative enterprise growth path in Less Developed Regions based on the research of Innovative Enterprises growth path.","PeriodicalId":280476,"journal":{"name":"2011 International Conference on Management Science & Engineering 18th Annual Conference Proceedings","volume":"358 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-11-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117078777","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Research on efficiency evaluation of university technological innovation in Heilongjiang province","authors":"Han Guo-yuan","doi":"10.1109/ICMSE.2011.6070088","DOIUrl":"https://doi.org/10.1109/ICMSE.2011.6070088","url":null,"abstract":"The efficiency of scientific and technical innovation is an important symbol of university developmental level and determines one's status in research universities. According to the characteristics of the efficiency evaluation, this thesis constructs the DEA evaluation model which also combines the present research situation home and abroad. Using this model to analyze the result of technological innovation efficiency in Heilongjiang province, and on the basis of evaluation results, this thesis puts forward some adjustable suggestions from the input and output angle, which provides the scientific method for improving scientific and technical innovation in the universities in Heilongjiang.","PeriodicalId":280476,"journal":{"name":"2011 International Conference on Management Science & Engineering 18th Annual Conference Proceedings","volume":"54 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-11-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129973060","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The empirical study of the relationship between ultimate control and capital structure in listed companies in China","authors":"Zhang Yong-jie","doi":"10.1109/ICMSE.2011.6070073","DOIUrl":"https://doi.org/10.1109/ICMSE.2011.6070073","url":null,"abstract":"Based on the structure of ultimate controllers, this paper studied the influence of ultimate control right on companies, taking capital structure as object. In the companies with ultimate controllers, ultimate controllers would control companies through establishing pyramid ownership structure and cross-shareholding system. Using 639 sample listed companies in shanghai stock exchange in 2007, this paper established the indicator of deviation degree between cash flow right and ultimate control right, found the ultimate controllers' situation in listed companies, verified the relationship between ultimate control right and capital structure choice. The study showed that the existence of ultimate controller was due to incomplete contract, and companies' residual control right could be controlled further by ultimate controllers through board of directors. From the empirical data of China's listed companies, it did exist ultimate controllers in China and they controlled companies through the pyramid ownership structure. From the capital structure choice of ultimate controllers, ultimate controllers main considered no dilution of equity in liability and the structure of board of directors also impacted the capital structure choice.","PeriodicalId":280476,"journal":{"name":"2011 International Conference on Management Science & Engineering 18th Annual Conference Proceedings","volume":"64 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-11-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132411824","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"A comparative study on NIS (national innovation system) in the Bric economies","authors":"Zhong Hui-bo, Zheng Bing-wen","doi":"10.1109/ICMSE.2011.6070118","DOIUrl":"https://doi.org/10.1109/ICMSE.2011.6070118","url":null,"abstract":"This research characterize and compare the NIS of Brazil, Russia, India and China, pointing out differences and similarities, common bottlenecks and complementarities, as well as identifying current and potential connections. This paper compares several of the key economic parameters and social indicators between the four countries, summarizing a few broader economic and institutional characteristics; examines several of the support system's chief indicators, including production, trade, investment and education; outlines the characteristics of the main players of innovation (including enterprises, research institutes, technology talents and colleges) under three aspects: quantity, structure and innovation efforts; analyzes the U.S. Patent and Trademark Office granted patents and indexed data of the four countries between 1979 and 2006, focusing on innovation performance characteristics — innovation, field and innovative pattern — while attempting to discover what creates differences in performance. Finally, reviews the lessons that may be drawn from this comparison and the evaluation trends of Bric's national innovation systems.","PeriodicalId":280476,"journal":{"name":"2011 International Conference on Management Science & Engineering 18th Annual Conference Proceedings","volume":"26 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-11-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131703165","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Research on growth of professional manager and sustainable development of family enterprise: A review based on trust expansion","authors":"Lu Jie, Wang Jun, Xuan Yan","doi":"10.1109/ICMSE.2011.6069991","DOIUrl":"https://doi.org/10.1109/ICMSE.2011.6069991","url":null,"abstract":"With family enterprise growing, she needs to absorb and integrate new management resource continuously. Family enterprises have unique trust mechanism; In the process of retaining professional managers, there is the absence of some respects of trust mechanism, and ideal and so on. It is effective to introduce pan-family regulation to integrate management resource, expand the trust space of family enterprises and retain multiple competitive systems to restrict professional managers. Consequently, effective fusion of professional managers, trust and family enterprises will come true.","PeriodicalId":280476,"journal":{"name":"2011 International Conference on Management Science & Engineering 18th Annual Conference Proceedings","volume":"14 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-11-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115638222","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}