电子商务如何影响国际经济贸易

<正>电子商务不仅颠覆了传统贸易的运作方式,还有效降低了交易成本和市场准入门槛,提升了交易的效率和透明度,为企业提供了更广泛的国际市场接触机会,使其能够在国际市场中占据更有竞争力的地位。在当今时代,电子商务已成为重塑全球经济格局的关键力量,其通过集成多元化服务和解决方案,不仅降低了交易成本,还提高了贸易效率和透明度。在全球化市场不断扩张的背景下,电子商务提供了一个无界限的市场平台,为国际贸易参与者带来前所未有的机遇。然而,电子商务的发展也伴随着市场竞争的加剧和国际知识产权保护等问题。分析电子商务在国际贸易中的积极影响,深入探讨其带来的挑战,旨在为优化电子商务环境、推动国际经济贸易的健康发展提供策略建议。     

基于电子商务的新型网络财务管理

随着互联网技术的普及和电子商务技术的发展,传统的财务管理模式已不能满足经济发展的需要,建立电子商务环境下的新型企业财务管理模式至关重要。本文阐述了目前我国电子商务的现状,分析了电子商务环境下传统财务管理存在的问题,对于进一步构建电子商务环境下的新型网络财务管理模式提出了相关建议。     

创新管理机制 提升品牌价值 促进信用卡产业健康稳步发展

2011年是我国＂十二五＂开局之年。在这个不平凡的年份里,中国信用卡产业在纷繁复杂的经济形势下,积极应对挑战,逆势推动规模和质量不断提高,受理环境不断改善,行业的普及化、产业化、国际化、专业化程度显著加强,在促消费拉内需、供给零售信贷、推动公共财政、扩展财务管理、提升支付效率、节约交易成本等诸多方面履行了重要的社会责任,并奠定了未来发展的坚实基础。     

电子商务环境下我国物流配送的优化策略分析

近年来,随着我国信息技术的快速发展,电子商务逐渐渗透到生活中,而这种新型的模式,改变了传统企业经营方式。电子商务环境下物流配送具备很多优势,本文结合我国物流业分析电子商务环境下物流配送现状及特点,在此基础上,提出促进电子商务背景下物流配送发展的优化策略,以期为我国电子商务背景下物流配送的发展提供有价值的参考。     

基于电子商务环境下的审计风险探究

随着经济不断发展,在"互联网+"的大环境下,电子商务企业的数量不断增多,对审计工作也提出了更高的要求,电子商务环境下的审计也面临着更多的审计风险,本文从电子商务环境下审计的概念出发,阐述了电子商务环境下审计要素变化、风险特征以及成因分析,并提出风险应对措施。     

电子商务环境下如何加强企业财务管理

我国经济和互联网技术的发展带动了电子商务交易规模的快速发展,电子商务交易在发展中显示出了其独特的优势,目前已成为众多企业竞相追逐的新型交易模式.在这种模式下,企业传统的财务环境发生了很大变化.本文简述了电子商务环境下企业财务管理新的要求,结合电子商务的特点对企业的财务管理针对性地提出解决方法和措施.     

试论在电子商务环境下构建信息化财务管理体系的有效实施

现代企业中电子商务应用日渐广泛,企业的财务管理工作要尽量迎合信息技术的发展,要对其进行适当的变革。本文旨在分析基于电子商务的企业的财务管理信息化的形成环境和含义,研究在电子商务背景下企业的财务管理的特点,总结传统财务管理在新环境下的应用缺陷,最终建设基于电子商务环境下的财务管理信息化体系,以此帮助建立新型的企业财务管理模式。     

线上供应链金融融资模式及风险分析——基于B2C的电子商务视角

随着互联网技术不断发展,产业链条中的核心企业纷纷探索依托电子商务平台,使得供应链各节点企业的信息共享、战略协同,改善供应链运行更有效率,降低链条交易成本。本文基于B2C的电子商务视角对线上供应链金融角度,对电子订单融资和供应商应收账款融资模式和风险点进行梳理和分析。试图对互联网金融视角下电商平台发展线上供应链金融业务具备一定借鉴意义。     

电子商务环境下物流配送问题与策略分析

随着我国社会经济的不断发展,特别是信息时代的到来,使得我国电子商务得到了迅猛发展。电子商务的发展离不开物流业的支持,随着电子商务的快速发展,物流配送已经成为制约我国电子商务发展的瓶颈。物流配送文章不仅制约了我国电子商务的发展,也制约了物理业自身的发展。本文就电子商务环境下物流配送问题和策略来进行一些浅显的分析和探讨,希望给电子商务环境下解决好物流配送问题提供一些有益的帮助和建议。     

试析电子商务环境下的财务管理研究

随着信息技术的快速发展,经济全球化局面的出现,经济往来逐步打破时间与地域的限制。电子商务是信息化发展所衍生出的新型经济方式,对世界经济的发展起着重要作用。但电子商务在网络、电子及通讯三者联合的环境中国发展,具有一定的财务风险,需要加强财务管理。本文通过对电子商务环境下财务管理所具有的特点进行分析,了解当前电子商务对财务管理形成的主要影响,提出相关的策略,促进电子商务环境下财务管理的不断完善。     

The theory of financial intermediation

Traditional theories of intermediation are based on transaction costs and asymmetric information. They are designed to account for institutions which take deposits or issue insurance policies and channel funds to firms. However, in recent decades there have been significant changes. Although transaction costs and asymmetric information have declined, intermediation has increased. New markets for financial futures and options are mainly markets for intermediaries rather than individuals or firms. These changes are difficult to reconcile with the traditional theories. We discuss the role of intermediation in this new context stressing risk trading and participation costs.     

Reward meritocracy or nepotism: The case of independent financial advisors appointed by Chinese listed companies

As independent financial advisors, securities firms are the core intermediaries in major asset reorganization (MAR) of listed companies. Furthermore, they play the dual roles of transaction and authentication. Based on this institutional background, this paper studies how listed companies choose between industry experience (“meritocracy”) and relationships (“nepotism”). Using the MAR of A-share listed companies from 2008 to 2013 as the sample, this paper shows that higher transaction costs (i.e., greater demand for the transaction function of advisors) are related to the higher possibility of advisors with weaker relationships and more industry experience being hired. It also shows that higher suspicion of tunneling (i.e., greater demand for the signal of fairness associated with advisors’ authentication function) is related to the higher possibility of advisors with weaker relationships being hired, but it is not significantly related to whether advisors have more or less industry experience. This paper also shows that reputation has a certain governance effect on the negative consequences of relationship. For the most part, listed companies reward meritocracy but not nepotism when appointing independent financial advisors.     

Financial intermediaries and monetary control: An example

Gurley, Shaw, Tobin, and Brainard argued that uncontrolled financial intermediaries impede monetary control as measured by the short-term effects of open-market operations on interest rates. But their models neglected the fundamental role of intermediaries — that of connecting financial markets by reducing information and transactions costs. It is possible to understand the impact of intermediaries only by first considering as imperfect system containing forces that induce their development. This paper presents conditions in which the introduction of intermediaries — and the accompanying increased access of traders to a diversity of investments — results in potentially more effective official control of interest rates.     

On the Revelation of Private Information in the U.S. Crop Insurance Program

The crop insurance program is a prominent facet of U.S. farm policy. The participation of private insurance companies as intermediaries is justified on the basis of efficiency gains. These gains may arise from either decreased transaction costs through better established delivery channels and/or the revelation of private information. We find empirical evidence suggesting that private information is revealed by insurance companies via their reinsurance decisions. However, it is unlikely that such information will be incorporated into subsequent premium rates by the government.     

Learning, Cascades, and Transaction Costs

The paper analyzes the effect of transaction costs on sociallearning in an asset market with asymmetric information, sequentialtrading, and a competitive price mechanism. Both fixed and proportionaltransaction costs reduce the information content of tradingorders and lead to informational cascades. If transaction costsare very high, an informational cascade may occur not only whenbeliefs converge on a specific asset value but also when thereis extreme uncertainty about the asset's fundamental value.Finally, if the value in the bad state is sufficiently low,proportional transaction costs lead to an informational cascadeonly when prices are very high.     

On the Implications of the Internet for Insurance Markets and Institutions

By most accounts, the Internet and related advances in information technology significantly affect financial services in general and insurance markets and institutions in particular. Coupled with other important trends such as globalization and regulatory reform, these changes are forcing far‐reaching changes upon the insurance industry and making it more competitive. This article focuses specifically on the implications of the Internet for insurance markets and institutions. The conventional wisdom that the Internet constitutes a sufficient condition for the disintermediation of traditional insurance distribution networks is called into question. To the extent that the Internet reduces transaction costs, it will create opportunities for new intermediaries as well as for existing ones. It will also influence product design, in some cases making it economically attractive to unbundle and repackage various forms of coverage. By removing entry barriers and reducing insurance costs, the Internet will also provide a private market solution to a major insurance regulatory concern—enhancing insurance affordability and availability.     

产业集群交易费用分析及其超边际模型研究

产业集群是当今世界经济中颇具特色的经济组织形式,其自身具有较强的竞争优势,而交易费用是使产业集群具有竞争优势的关键因素。运用超边际分析方法结合交易费用内部化理论,在对产业集群交易费用分析的基础上,构建产业集群交易费用超边际模型和逻辑模型,并通过模型超边际结构模式分析得出:产业集群有助于减少交易间服务费用和学习费用,使得交易费用降低,促进产业分工进一步深化,提高企业的竞争优势。     

OIL牵手IK 掘金中国

越来越多的海外实业公司与私募投资公司联手,共同开拓中国市场。随着OIL(Offshore IncorporationsGroup,以下简称为OIL)北京办事处的开张,OIL在中国内地迎来了其第四个办事处,无不显示着这家公司对中国业务的重视程度。就在前不久,OIL刚庆祝了自己25岁的生日。"OIL已经有25年的历史,大部分业务集中在亚洲。2006年后,随着中国全球化进程的飞速发展,OIL在中     

Trends and determinants of Australian managed fund transaction costs

The present paper examines the often-overlooked managed fund fee that is incurred when investors enter and exit managed fund products. The present paper documents that transaction costs for investors, measured by the application-redemption spread, are above stock market brokerage rates although they have declined since 1995. The study analyses the relationship between this transaction fee and several variables. In summary, retail fund transaction costs are positively related to retail funds’ assets under management, whilst this relationship is negative for larger wholesale funds, consistent with economies of scale. Direct entry and exit fees and initial commissions are positively related to transaction costs which raises the possibility that the commissions are used to levy soft-dollar payments. The paper also documents a relationship between transaction costs and fund flows which differs between retail and wholesale funds. Overall, the findings are consistent with the proposition that the various fees are used by managers as interchangeable and the different fee regimes reflect different products and markets.     

Aspects of insurance,intermediation and finance

This paper is concerned with the role of the insurance company as a financial intermediary which offers securities to uninformed retail investors. The search costs of retail investors cause the demand for the securities offered by intermediaries to be inelastic, making possible an intermediary spread, the difference between the returns on primary securities and the rates offered on the secondary securities sold by intermediaries. It is argued that the intermediary spread is economically significant, and a simple model of its determination is offered: the spread is shown to be an increasing function of interest rates. The bonus policy of life insurance companies is analyzed and is shown to be inefficient under simple assumptions about asset returns.