English Abstract: Slack can prevent the substantive loss of enterprise suffering from the uncertainty, but it leads to inefficiency because of the large carrying cost. The ideal status is that the enterprise carries less slack and has the competency of response to the unexpected circumstances....

It has been increasingly recognized that the competitive opportunities of industrial clusters have become a critical element of national, state, regional, and local plan activities. The Hsinchu Science-based Industry Park is the most successful industry cluster of Taiwan, it was established in...

A web portal is a site that can serve as a starting point to a wide variety of web searches. Portal technology first emerged when search engines like Yahoo! developed a common avenue by which users were able to seek and retrieve information from the Internet. These sites emerged as gateways to...

Increasingly sophisticated machinery, short product life-cycles, and demanding user requirements have increased competition in the machine tool market. Because all machine tool companies have limited resources, they must seek competitive advantages. Strategic collaborations have become...

The aim of this study is to investigate how network effects affect the quality and price decisions of firms in a vertically differentiated market. As network effects increase, high-quality producers tend to raise quality while low-quality producers lower it. The degree of product differentiation...

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English Abstract: The author proposes a new type of asset-backed security, called Exchange Traded Pieced Loan (ETPL), designed to address a variety of major issues for savers, lenders, borrowers, authorities and other stakeholders in China's markets for investment and credit. An ETPL's...

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Chinese Abstract:...

This paper attempts to analyze corporate tax evasion in a principal-agent framework. We assume that the firm's profit is positively related to managerial effort and that the executive compensation is profit-based. In addition, we consider the situation where the manager might underreport the...