chance
发表于 2025-3-23 13:31:34
porate China to re-align its incentives and adapt its strategies so that it can move in the direction of becoming truly great: transforming the growth model, redefining the role of government, interest rate liberalization, allowing private capital to enter finance, reforming production factor market
问到了烧瓶
发表于 2025-3-23 14:13:13
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外星人
发表于 2025-3-23 18:50:54
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indecipherable
发表于 2025-3-24 01:11:45
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carotenoids
发表于 2025-3-24 02:52:56
,What’s In A Great Company?,ntroduces a definition of great companies from a corporate finance perspective: great companies are those delivering high return on invested capital (ROIC) for a long enough time. This chapter uses IBM’s transformation from a manufacturer to a service provider in the 1990s to demonstrate the relevan
颂扬本人
发表于 2025-3-24 07:15:40
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semiskilled
发表于 2025-3-24 13:12:33
,The “Great” Hope Struggles,driven by the political tournament based on economic performance and weak institutions. Credit-fueled investment is more associated with firm size, but not ROIC. The Chinese government has been practicing a financial repression policy and oftentimes resorts to administrative measures to interfere wi
贝雷帽
发表于 2025-3-24 15:25:14
It Is Also About Corporate Governance,scandal and the puzzle regarding the ‘special treatment’ firms in China’s A-share market as the motivation, this chapter shows that the prevailing corporate governance mechanisms in China, which are shaped by various China-specific institutional and economic factors, are not effective in resolving t
verdict
发表于 2025-3-24 19:47:02
The Perils of Diversification, companies, this chapter demonstrates that there is a negative correlation between ROIC and the extent of diversification. Diversification in general leads to large companies but not great companies. The case examples of Kunlun Energy and China Resources Enterprises, two central government-controlle
BABY
发表于 2025-3-25 01:13:28
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