If stock prices do not follow random walks, what processes do they follow? This question is important not only for forecasting purpose, but also for theoretical analyses and derivative pricing where a tractable model of the movement of underlying stock prices is needed. Although several models ha...

This paper uses the term structure of interest rates to explain the variations of stock prices and stock returns. It shows that interest rates have an important impact on stock returns, especially at long horizons. The hypothesis that expected stock returns move one-for-one with ex ante interest rates...

This work provides, simultaneously and comprehensively, historical, institutional and theoretical foundations for developments in the stock market. It debunks many a myth about stock price behaviour and the valuation of stocks. The traditional valuation models are tested and shown to be often weak...

《融资、并购与公司控制》（第2版）不仅牢牢把握国际学术前沿，而且密切联系中国实际，详细剖析国内外资本运作的法律和规律。在此基础上，结合国际前沿理论和国际惯例阐述中国资本运作的实践和规定。在第二版中，作者对有关中国资本运作和相关法律、法规的内容进行了重大调整和改写，以体现资本市场的新变化和法律法规的新要求。此外还...

可持续发展是企业追求的目标，也是企业价值创造的关键，而风险与危机则是企业可持续发展战略的大敌。本书旨在提高中国企业和其经营者们的风险意识和风险管理能力。作为一门应用性很强的学科的教材，本书不仅包含了大量国际案例，也收集了众多国内案例；既有前沿、扎实的理论探讨，又注重实用性。 本书可作为本科生、研究生(包括MBA...

《基于ser-M模型的竞争力研究》作者赵东成教授联合韩国国立首尔大学、高丽大学、产业政策研究院、首尔科学综合研究生院等高校和研究机构的学者，利用各种传统的竞争力模型以及九要素模型、“ser-M”模型等原创的模型，对国家、产业、企业等各个层次的竞争力进行深入的探讨，并将这一系列研究集结成册。这些文章中严谨的理论框架构建...

This book grows out of a five-year collaborative research project undertaken by the authors in East Asia. They have worked with firms and institutions in Korea, Taiwan, Singapore and Malaysia, to inquire into the micro-processes of firm-level organizational learning that underpin technology lev...

Traditionally, a nation's international competitiveness has been explained by international trade theories originating from Adam Smith. However, today's global economy is too complicated to be explained by the traditional trade theories. Recently, Michael Porter of the Harvard Business School...

《决定女人一生的两种选择》主要内容包括：一年后的营销风波、打算考研、去见成教授、回忆、先来的客人、玫瑰与蔷薇、思考、烦人的工作、关于诚信等等。生活就像交叉小径的花园，一条道路盛开着蔷薇，一条小径的深处怒放着玫瑰。

Designer will, without doubt, have to toil to turn the 21st century into their era. The management field showed potential in the early 20th century, but it was only through a century of hard work by countless management practitioners and scholars that the art of management was transformed into ...

With Foreword by Michael Porter This book deals with important theories of international competitiveness and their strategic implications and practical applications. The theories range from classical theories such as Adam Smith's absolute advantage to new theories such as Michael Porter's ...

《技术撬动战略:21世纪产业升级之路》主要讲述了：东亚芯片产业等高技术产业的兴起，是20世纪最后20年的一场伟大的工业变革。最初研发出这些产品的公司，如英特尔、摩托罗拉等，是世界上最具竞争力的企业。然而当今，东亚已经成为该产业领域中的重要玩家，成为新型市场中的样板。尤其在亚洲金融风暴的危机中，东亚最发达的半导体企业经...