The Effects of Product Liability Litigation on the Value of Firms

We use event study methodology to examine the effects of productliability litigation on firms in the automobile and pharmaceuticalindustries. We find that the filing of a lawsuit, or news storiesthat subsequently lead to the filing of a lawsuit, is associatedwith significant losses in firm value. These losses are approximatelyequal to the upper bound of the direct loss in value of thefirms involved. This means that there may also be some reputationeffect from litigation events. We also find that in the automobileindustry competitors lose when one firm is sued, but in thepharmaceutical industry a lawsuit against one firm leads toan increase in value of other firms.     

Insider-controlled Firms in Russia

Privatisation Vouchers in Russia were heavily invested in the holders' own firms. Using data from a recent survey, we show that insider control in firms privatised in 1992-4 through the voucher process (as distinct from the earlier leased buy-out method) is insecure and dependent on managers' support. For employees, investment in insider control appears to have been motivated by employment income insurance rather than expected excess returns on the equity. Managers are predominantly the same individuals as before privatisation and display considerable hostility to outside investors, probably because they fear dismissal should outsiders gain control. Despite insider control, firms are shedding labour quite rapidly through voluntary resignations. Employment dynamics appear to be unrelated to insider equity ownership.     

Do Publicly Traded Firms Price Differently from Private Firms?

This article analyzes whether publicly traded firms price differentlyfrom privately held firms in the product markets. Our empiricalevidence shows that, in the U.S. newspaper industry, firms increasetheir prices when their ownership structure changes from privateto public. The effects are robust and significant. A plausibleexplanation is that private owners enjoy more freedom than publicmanagers to expand circulation and distort content, pursuingthe consumption of nonpecuniary benefits of control. Additionalevidence is consistent with this interpretation. Public newspapersshow lower prices when insiders' ownership participation ishigher. Moreover, private newspapers appear more likely thanpublic newspapers to endorse a candidate during presidentialcampaigns. To my knowledge there are no previous studies comparingpricing by private and public companies.     

专利管理--企业经营战略的核心

自本期起,本刊将在“管理长廊”栏目开设“纲正咨询”专栏。该栏目内容由信息产业部电子知识产权咨询服务中心提供,将围绕以企业知识产权管理为中心的诸多问题展开讨论,并介绍该中心的研究成果。作为信息产业部的支撑机构,该中心最早在信息产业领域开展企业知识产权问题研究,并在实践中积累了丰富的企业知识产权管理经验。这是该中心第一次以专栏方式,与业界人士共同探讨有关企业知识产权管理等问题,以切实推动我国企业知识产权管理工作的发展。敬请各位读者关注。     

Regional Development of Small Firms in Poland

Employing a probit, logit and gompit model this paper demonstrates that small firm development, represented by a group of structural, behavioral and performance variables determine regional location in Poland. The paper uses original data that samples the small firm stratum in two contrasting regions, Pomorskie and Lubelskie. The following variables were shown to be significantly correlated with regional location: legal structure, subcontracting, technological level of the products of the firm, average wage and intention to expand turnover.     

Soviet Firms in the Managerial Structure of Industry

The 1957 reorganization of the administration of industry and construction was a major step toward the further improvement of management. The successes achieved by our industry in recent years testify to the timeliness and effectiveness of the measures taken.     

律师事务所党建工作模式构造论

律师事务所的党建工作，是新社会组织党建工作的重要组成部分，是党建的崭新领域。正因为新，律师事务所的党建工作（以下简称律所党建工作）并没有可资借鉴的办法和可供参考的模式。但作为“新社会组织”之一，律所党建工作必然有其原则、制度、关系和价值这几个基本特征。对这几个特征进行归纳概括，即可总结出律所党建工作的基本规律，通过去粗存细、去芜存精，即可构建出律所党建工作的基本模式。     

产品长廊

Grow Vision全系列彩色一体化摄像机,经济型视频矩阵主机,NEC—Security—NEOFace面容识别比对及视频分析系统，200米夜视系统，枪机型网络摄像机     

产品责任与产品缺陷探析

产品责任是因产品存在内在缺陷造成他人人身、财产损害引起的赔偿责任,它不是合同责任也不等同于产品质量责任,属于侵权责任。在对产品责任归责时应实行严格责任,产品责任之诉中的产品缺陷概念包括产品具有不合理危险和不符合生产标准。建议加强产品责任制度在司法实践中的可操作性研究     

产品长廊

IP网络柜员呼叫可视对讲系统 产品特色： 双向对讲 ·柜员分机与窗口分机之间全自动一对一双向对讲,不用按键, 尽管交谈 自动静音、录音录像 网络连接 ·柜员分机与行长办公室主机、业务咨询中心主机可通过银行现有的局域网连接;支持跨网段和跨路由。     

Do Ukrainian Firms Benefit from FDI?

All countries are eager to attract as much foreign direct investments (FDI) as possible. At the same time FDI may have not only positive, but also negative economic effects for receiving countries. Positive effects are associated with technology transfer, efficient allocation of resources, and training of domestic workers. However, the entry of foreign firms could, e.g., lead to a decrease of labor productivity at domestic firms, which is a negative effect. The main purpose of this paper is to estimate direct and indirect effects of FDI. First, we test for direct influence of foreign direct investments on firms’ performance, where the latter is estimated alternatively as labor productivity and as exports. FDI notably increases both labor productivity and export volumes. Second, we look for spillover or indirect effects. There is statistical evidence that the levels of FDI in certain regional industries are associated with higher performance indicators of firms’ not receiving FDI in those same regional industries.     

家族企业的制度缺陷及其完善

经济发展的历史从某种意义上说就是一部家族企业群体演变并协同进化的历史.家族企业既有着高效的所有权激励机制、高度灵活的管理和经营机制以及容易形成企业文化等独特优势,同时也在产权结构、决策机制、用人机制、组织结构等方面存在着一定的弊端.因此家族企业在成长过程中应当根据自身的实际情况,用现代企业制度对自身进行制度性改造,从而促进家族企业的进一步完善与发展.     

律师事务所的组织行为研究——兼评《律师事务所管理评价体系》

个体、群体与组织是组织行为学理论的三层次。从管理学、心理学、行为科学等多角度研究三层次的内容和其相互影响是组织行为学的核心。按组织行为学的观点,组织是由一些相互依存、相互冲突的人所构成的一个复杂整体。在组织游戏中,掌握着“不相同的王牌”的个体和群体遵照着组织环境所确定的成文与不成文规则,充分利用自己的一切优势,以求最大限度地谋得自身利益。     

SD律师事务所薪酬体系设计研究

2008年9月18日,《劳动合同法实施条例》正式颁布实施,其第3条表明律师事务所属于劳动合同法规定的用人单位。律师事务所第一次被法律明确纳入劳动法主体范畴,律师事务所中的律师成为劳动法上的“劳动者”。律师事务所具有了用人单位性质的管理权利,也将承担劳动法规定的基准义务。律师事务所的管理方式必然会发生一定的变化,其借鉴企业现代管理经验的趋势也必然越来越明显。     

建立规范的律师事务所内部管理机制

我国《律师法》规定律师应当在律师事务所执业,因此律师与事务所关系是非常密切的,律师事务所可以看作是律师的一个团体。一个律师事务所管理机制的建全、业务的发展、律所文化的建设、团队精神的构建与执业律师的成长、发展是息息相关的。律师事务所是律师管理的基石,在司法行     

关于律师事务所质量管理的几点思考

2001年12月6日,隆安律师事务所通过了ISO9002国际质量标准体系认证。这不仅是国内首家通过该质量体系认证的律师事务所,也是目前国内为数不多的获得该项认证的律师事务所。通过该项认证是事务所秉持“服务质量至上”理念并因此建立科学规范的质量管理及监控体系的结果与客观评价。     

法律交融中的国际贸易行政诉讼

国际贸易行政诉讼是在国际法与国内法交融、公法与私法交融过程中生成的行政诉讼特殊类型。在我国法制语境中,国际贸易行政诉讼是指在WTO制度的框架下,人民法院依法审理国际贸易行政案件并做出裁决,以保障和补救受损方国际贸易权益的具有专项性、涉外性与国际性的诉讼活动与制度。国际贸易行政诉讼具有特定的制度结构、主体结构与利益结构。考察其影响,它具有国际法定义务履行功能、国际贸易行政争端解决功能、国际贸易权益救济等复合功能。     

关于进一步推进律师党建工作若干问题的思考

律师行业党建工作,是党的建设的重要组成部分,是推进党的建设新的伟大工程的重要内容。以改革创新精神进一步加强和改进律师行业党建工作,对于全面加强律师队伍建设,推动律师事业顺利健康发展具有十分重要的意义。自去年以来,全国各级司法行政机关、各级律协党组织认真贯彻落实中组部、司法部党组《关于进一步加强和改进律师行业党的建设工作的通知》和全国律师党建工作会议精神,