The real estate brokerage has the lowest barrier to enter in and withdraw from the industry of the real estate. The competition of the real estate brokerage is fierce; therefore the formulation of brokerage¡¦s marketing strategy will affect the speed of transaction. The transaction in metropolitan and non-metropolitan area affected by the orientation of product, execution of government authority, the habits or taboos of buying real estate, household income, transaction price, service pattern, and groups of purchasing real estate...etc, these make the implement of marketing strategy is somewhat different. The implement of marketing strategy of different real estate broker will also impact the management performance. ¡§Service¡¨, will be the guidance to formulate marketing strategy for the future development of real estate brokerage. This research explores the difference and similarity of marketing strategy of real estate brokerage in metropolitan and non-metropolitan area through the application of the marketing strategy from ¡§Good Morning Real Estate¡¨.

Against the background of The Buddha of Suburbia and The Black Album, this study explores the ways Hanif Kureishi problematizes the notion of identity. The present study aims to lay bare how Kureishi moves the previously fixed categories into a slippery ground in his fiction and, in the process, how he challenges the fundamental givens of identity politics against the background of Homi Bhabha&rsquo / s key concepts: hybridity, mimicry, ambivalence, agency, liminality and the third space. It will also make references to the category of nation as narration in relation to Thatcherite politics and identity as a performative act/process. Bhabha&rsquo / s theories will also help highlight how Kureishi&rsquo / s characters create their liminal spaces and how they perform their identity within these spaces. Looking at both novels, it is concluded that the nature of identity is fluid since it is configured according to many variables such as religious practice, political activism, arts and sexual discourse which are not stable, either. Kureishi&rsquo / s novels fictionalize that identity can never be reified by the essentialist pre-givens of the traditional ideologies. In a multicultural world, rather than assimilation, it is important to grasp the unstable nature of identity in order to respect cultural differences. Thus, in a world where the dominant voices do not/cannot suppress the marginal ones, identity, national or individual, will keep on transforming itself.

Abstract This study attempts to investigate and analyze the ¡§Executive Search¡¨ (ES) industry in Taiwan today, a field in which there is a serious shortage of academic research. The main purposes of this study are to reveal the business processes involved in ES, and to identify the characteristics of both clients and candidates. In order to reveal a complete picture of the industry¡¦s development in Taiwan, expert interviews were used as the main method of investigation. Initially, we studied foreign research papers on ES, after which five ES consultants and four corporate Human Resources managers were interviewed. A number if interesting facts were uncovered by this research: 1. ES consultants in Taiwan tend to follow the approach of consultants in American and Europe. 2. The size of ES industry in Taiwan is not yet sufficient for the needs of the economy and, in addition, a greater degree of specialization is required. 3. Young, well-educated managers with characteristics such as good interpersonal skills, strong loyalty, intelligence and aggression, are those most sought after by ES clients. 4. Clients of the ES industry are companies with an urgent need for talented people, and include high tech companies, professional management firms, subsidiaries of international corporations in Taiwan, and companies run by second-generation entrepreneurs. At the end of this study, we suggest three issues for further research: 1. A comparison between the performance of managers found through ES and those found through other recruiting methods. 2. The relationship between Human Resource Managers and ES Consultants. 3.The potential for integration between the ES industry and network technology.

None

NONE

Abstract Since the Asian financial crisis in 1997, several researches for the East Asian have found that concentration of ownership higher than other areas and weak corporate governance have been important reasons of financing crisis. Therefore, the study adopts the method developed by La Porta, Lopez-de-Silanes and Shleifer (1999), which traces the chain of ownership to find who has the most voting rights, identifies their ultimate control patterns, finds the controlling shareholders of firm, and then calculates each ultimate owner¡¦s control rights and cash flow rights. We also try to find the relationship between those ways of controlling shareholders to the voting rights, cash flow rights, and the degree of control rights deviating from cash flow rights. In Addition, we regress to the Proxy Q on controlling shareholders¡¦ control rights deviating from cash flow rights, then examine the evidence on expropriation of minority shareholders. This paper investigates whether the board construction on corporate governance mechanism effectively discharge its monitoring function and mitigate central agency problem. The research data are collected from the publications of those companies that stocks are openly traded on the Taiwan Stock Market between 2000 and 2003 April. There are 183 validated observations which are obtained. Empirical result suggests¡G 1. The high concentration of ownership is more common in Taiwan publicly listed companies and those firms are typically controlled by families. 2. The controlling shareholders typically have power over firms significantly in excess of their cash flow rights because they through the use of pyramids, cross-holdings, paper company and participation in management. And the condition of family control company is the worst. 3. The more the controlling shareholders¡¦ cash flow rights, the better performance of the firm. 4. For Taiwan publicly listed companies, the corporate governance mechanism could not effectively discharge its monitoring function and mitigate central agency problem.

Agency theories suggest that governance matters more when agency conflicts are potentially more severe. However, empirical studies often do not control for the potential severity of agency conflicts. I show that the marginal benefit of governance varies with the free cash flow level, a proxy for the potential severity of agency conflicts. As the free cash flow level increases, higher governance quality becomes incrementally more value-enhancing, and lower governance quality becomes incrementally more value-destroying. This is consistent with the hypothesis that better governance helps resolve the agency conflicts in investment decisions when a firm has more free cash flows (Jensen, 1986). This study highlights the importance of controlling for the potential severity of agency conflicts in governance studies and provides an improved method to estimate the marginal benefit of a governance mechanism.

This paper adopts a Balanced Scorecard conceptual model, further uses the Factor Analysis, and ANOVA method approach, to empirically measure the strategic position and tour manager performance of travel agencies. The theoretical model identifies an underlying variable construct, financial, customer, internal process, and innovation & learning perspectives which combine traditional subjective or objective measures with operating measures of tour manager performances and the relationships between strategic positions of travel agencies. Those findings of the study provide innovative quantitative methods for measuring the tour manager performance. The results provide an in-depth understanding into the low-cost and differentiation strategy of tour manager performance measure model. According to this research, Taiwanese travel agencies consider 4 financial, 4 customer, 5 internal process, and 5 innovation & learning perspective indicators of tour manager performance measurement which also have relationships with strategic position. Finally, the paper proposes an optimal model that matches the essential needs of low-cost and differentiation strategic development and overcomes the traditional tour manger performance measuring shortcomings.

Family or group-owned corporations and informed trading are two features of Taiwan¡¦s capital market. Is there any relationship between the two features? Can we solve this kind of problem by some mechanism of corporate governance? These issues are common concerns for participants of capital markets and government policy makers, therefore, there are many scholars devoting themselves in the related research. This study adopts the work of McInish and Wood (1992), who measure informed trading by calculating standardized bid-ask spread. Moreover, some variables, such as trading volume, risk, stock price, company size, and listing market are taken into account because the literature indicates they may affect bid-ask spread. According to the concept of voting rights and cash flow rights introduced by La Porta, Lopez-De-Silanes, Shleifer, and Vishny (2002) and the concept of fraction of cash flow rights on the voting rights introduced by Claessens, Djankov, and Lang (2000), we use the difference ratio, which is one minus the fraction of voting rights over the cash flow rights, to measure the degree of central agency problems. The corporate governance variables, such as board size, the proportion of outside directors, and institutional shareholdings are employed as moderating variables. Multiple regression models are used to test the hypotheses. According to the test results, we find that the more cash flow rights deviate from voting rights the more informed trading will be and it can be alleviated by increasing board size and hiring big CPA firms for audit purpose; while it can be worsen by adopting more outside directors and institutional shareholdings.

none