会员新亮相

主席姚勇杰浙江凯维投资管理有限公司 董事长 浙江凯维投资管理有限公司是国内一家集高端性、专业性、服务性于一体的金融投资和资产管理公司，目前公司管理的资产达25亿元人民币，是国内最具成长性的金融投资和资产管理公司之一，公司的特色有以下几个方面：     

委托机构专户理财企业风险及应对措施探讨

所指"委托机构专户理财"或者"专户理财",是证监会2007年11月30日发布《基金管理公司特定客户资产管理业务试点办法》后正式开闸的基金公司特定资产管理,是指基金管理公司向特定客户募集资金或者接受特定客户财产委托担任资产管理人,由商业银行担任资产托管人,为资产委托人的利益,运用委托财产进行证券投资的活动称为专户理财。投资范围包括股票、债券、央行票据、短期融资券等其他投资品种。     

浅谈地方国有投资产公司预算管理存在的问题及对策

地方国有投资产公司的国有资产是国家资产重要的组成部分,对于地方国有投资产公司的预算管理也是公司至关重要的一个环节。能不能处理好公司的预算,关系到国有资产的安全性和稳定性,实际生活中。存在着国有资产大量的流失。本文通过对地方国有投资产公司预算管理当中存在的对预算管理的认识不足、预算编制方法不够科学、预算的控制不够精准仔细...     

拍企转型 延伸拍卖不良资产

拍卖业是一个小行业，是一个平台，是一个中介。我公司注册了投资公司，资产管理公司，成为了第一批民营企业投资，以及管理不良资产的公司，也成为了四大资产管理公司的第一批的买家。     

快讯

软件与方案 从EAM到SAM MRO软件公司近日宣布了从企业资产管理(EAM)到战略资产管理(SAM)的战略演进。由于企业IT投资节节上升,在整个资产生命周期如何对IT资产进行管理呢?MRO主管全球服务的副总裁Chet Telly先生表示:MRO通过增加IT资产管理功能,简化了资产管理和后台应用的集成工作,使客户可以全线管理战略资产的使用寿命周期,以及原材料采购。这对有效提升公司的战略竞争地位具有重要意义。     

探究公司金融投资管理有效措施

金融投资是新时代市场经济条件下公司分散经营风险、提升资产流动性、实现业务拓展的主要方式之一,泛指以资产购买股票、债券等金融资产的投资活动。 对于现代化公司而言,其可选择的投资渠道日益丰富,但风险与收益共存的金融市场特点导致其所面临的金融投资风险也更为多元。 基于此,文章从金融投资管理的概念及必要性入手,分析当前公司金融投资管理中存在的问题并提出相应的解决对策,以供参考。     

企业改制剥离资产的经营管理措施——以A公司为例

A公司是一家由政府授权从事投资与经营的国有独资公司,2003年对其所属B企业进行改制,为盘活改制剥离资产,成立D公司对剥离资产进行经营管理。几年来,D公司以政府产业政策为导向,加强改制企业剥离资产管理,通过优化和资产重组,积极引进项目投资,使剥离资产"老树开花",活力增强,实现企业效益最大化,为企业发展提供了一条可供借鉴之路。     

公司长期股权投资内部控制风险的管理

长期股权投资是公司内部一项重要的资产,它在给公司带来丰厚收益的同时,也存在着较大的风险。所以,加强公司长期股权投资内部控制风险的管理就显得尤为重要。本文即以此为基础展开讨论,首先阐述了长期股权投资的内部控制所要达到的目标,其次结合我国公司的实际情况,提出了长期股权投资内部控制存在的主要风险,在此基础上,完善了长期股权投资的控制设计流程,保障公司能够较好地应对风险,从而不断促进自身的健康、持久发展。     

新兴投资方法——数量化投资

从18世纪开始，金融投资的先驱已经开始探索各种不同的投资方法，经过多年的进化，已经尝试了从技术分析、价值分析、风险套利到日问交易等不同的方向。目前，量化投资已经在全球范围得到投资人的广泛认可。在美国零售市场发行的主动型股票基金中，量化投资基金占据了较大的市场份额，而在机构投资市场，量化投资则获得了更多的关注，以巴克莱全球投资管理公司、道富环球投资管理公司和高盛国际资产管理公司为首的一大批以量化投资为核心竞争力的公司已经成为机构资产管理公司中的“巨无霸”。     

加强企业固定资产投资管理内部控制的措施分析

企业的固定资产作为企业资产的重要组成部分，在企业的发展运营中发挥着不可忽视的作用。一方面，企业固定资产投资能够在很大程度上提高企业生产效率，能够有效实现企业生产经营的目标，整体提高企业发展的速度。另一方面，固定资产投资是企业实现社会资本积累的主要途径，也是企业在社会中扩大生产经济的一种重要方式，这将有利于促进社会经济的长期发展循环以及企业自身的健康发展。所以对于企业的固定资产投资管理是每个公司都要重视和完善的，它不仅会关系到公司的资产收支，还有可能会影响公司的财政状况，同时也在未来一段时间内在企业的发展走向中起着不可忽视的作用。本文将从企业固定资产投资管理的内部控制可能涉及的风险入手，提出加强企业的固定投资管理的具体措施，进一步降低企业的投资风险，提高企业的资金使用效率，为企业的固定资产投资管理内部控制提供策略，确保企业固定资产投资效益的提升。     

From Preaching to Investing: Attitudes of Religious Organisations Towards Responsible Investment

Religious organisations are major investors with sometimes substantial investment volumes. An important question for them is how to make investments in, and to earn returns from, companies and activities that are consistent with their religious beliefs or that even support these beliefs. Religious organisations have pioneered responsible investment. Yet little is known about their investment attitudes. This article addresses this gap by studying faith consistent investing. Based on a survey complemented by interviews, we investigate religious organisations?? attitudes towards responsible investment including opinions, practices and the impediments for implementing faith consistent investing. Although our results cannot be generalised because of the non-random character of our sample, six main characteristics of faith consistent investing are drawn: investing is not perceived as being in contradiction with religious values, religious values are important drivers, there is a strong community around faith consistent investing, religious investors are pioneering impact investing, implementing faith consistent investing is not without difficulties, and practices vary across regions. The survey also reveals that faith consistent investing has many commonalities with secular responsible investors.     

When does corporate venture capital investment create firm value?

Over the past decade, billions of dollars have been invested by established companies in entrepreneurial ventures—what is often referred to as corporate venture capital. Yet, there is little systematic evidence that corporate venture capital investment creates value to investing firms. Scholars have suggested that established firms face underlying challenges when investing corporate venture capital. Namely, structural deficiencies inherent in corporate venture capital may inhibit financial gains. However, firm value may still be created as a result of other benefits from investing—primarily providing a window onto novel technology. In this paper, we propose that corporate venture capital investment will create greater firm value when firms explicitly pursue corporate venture capital to harness novel technology. Using a panel of CVC investments, we present evidence consistent with our proposition. The findings are robust to various specifications and remain unchanged even after controlling for unobserved heterogeneity in investing firms. Our results have important implications for corporate venture capital in particular, and technology strategy in general.     

Prediction and control under uncertainty: Outcomes in angel investing

Venture investing plays an important role in entrepreneurship not only because financial resources are important to new ventures, but also because early investors help shape the ventures' managerial and strategic destiny. In this study of 121 angel investors who had made 1038 new venture investments, we empirically investigate angel investors' differential use of predictive versus non-predictive control strategies. We show how the use of these strategies affects the outcomes of angel investors. Results show that angels who emphasize prediction make significantly larger venture investments, while those who emphasize non-predictive control experience a reduction in investment failures without a reduction in their number of successes.     

Expanding near the home base or venture far? The influence of home country state on the economic distance of foreign direct investments

The extent of the economic distance between a firm's home origin and its foreign direct investment (FDI) is an important strategic decision for the investing firm. This study fills an important knowledge gap by investigating the home institutional antecedents of FDI economic distance. Drawing insights from comparative institutionalism, we argue that home-country states vary in both their power to coordinate the economy and the external and internal channels through which they exercise that power. These variations have implications on a firm's motivation and capability to escape external dependencies on the home-country state by investing in economically distant foreign locations. Empirically, using a dataset of 891 new international entrants from 2004 to 2011, we found support for our hypotheses that home-country state power is positively associated with FDI economic distance, and that the influence of the home-country state is contingent on the state's governance quality and its ownership in firms.     

A machine learning approach for comparing the largest firm effect

Market capitalization of firms provides valuable information for analyzing stock markets and the size factor is widely used in factor-based investing. Some markets, such as the Korean market, are especially interesting in this respect because they contain extremely large public firms. This study analyzes the effect of the largest firm on factor investing through machine learning models that are effective for variable selection. We demonstrate how machine learning can be used for identifying important factors. Our comparison between US and Korean markets shows the significance of separating the largest firm in analyzing how factors impact performance in the Korean market.     

Socially Responsible Investing in the United States

Socially responsible investing (SRI) has emerged in recent years as a dynamic and quickly growing segment of the U.S. financial services industry involving over $2 trillion in professionally managed assets. Its conceptual origins can be found in the early history of civilization, with it's modern roots in the 1960s. This paper provides an overview of the breadth and depth of the concept and practice of socially and environmentally responsible investing, describes the investment strategies that together define SRI as currently practiced in the U.S., offers several observations about some of the factors fueling its dramatic growth, and presents data showing that investors who choose to invest in a socially and environmentally responsible manner can do so without giving up investment returns. SRI has matured to a point where virtually any investment need can be met through portfolio design that integrates an investor's personal values, institutional mission, and/or social priorities.The socially responsible investment industry in the UnitedStates is a young phenomenon. Even referring to it as an "industry" ten years ago may have been a bit of a stretch. While it has grown dramatically in recent years, it is an area of work, of study and of practical application that continues to evolve in many significant ways.One intriguing example of the ongoing development of the field can be found in the analysis of the language used to describe it. The terms social investing, socially responsible investing, ethical investing, socially aware investing, socially conscious investing, green investing, values-based investing, and mission-based or mission-related investing all refer to the same general process and are often used interchangeably.     

Should I invest with my conscience?

This paper discusses the idea that investors have moral reasons to avoid investing in certain business areas based on their own moral views towards these areas. Some have referred to this as 'conscience investing', and it is a central part of the conception of ethical investing within the socially responsible investment (SRI) movement. The paper presents what is taken to be the main arguments for this kind of investing as they are given by those who have defended it, and discusses the plausibility of these arguments from the point of view of moral philosophy. The paper argues that focusing on the moral views of individual investors is not very fruitful – there are strong reasons to think that investors do not have moral reasons to invest 'with their consciences', or, to the extent that such reasons are allowed, that they are very weak compared with other sorts of moral reasons pertaining to ethical investing.     

Motives for foreign direct investment in the United States

As foreign direct investment becomes an important element of the global marketplace it is important to understand why firms use FDI as an investment option. This article reports research that identifies motivations that influence factor‐ and market‐seeking inward FDI in the United States. Based on a study of 127 foreign companies investing in the United States, the research identifies motivators that differentiate and explain these two types of investment behaviors. © 2003 Wiley Periodicals, Inc.     

建立网上期货经纪人制度——关于“捆绑”期货投资咨询业务与网上交易的探讨

随着期货市场的规范发展和投资者要求的提高,期货投资咨询业务的发展必须建立在深入扎实研究和创造效益的基础上。传统的投资咨询业务存在诸多局限,已不能满足网上交易飞速发展的要求。通过建立网上经纪人制度,在网上经纪人、期货经纪机构与客户之间明确合理的佣金与投资收益的再分配机制,投资咨询业务直接面对市场和客户,以指导网上客户的具体交易活动为核心,从而形成的咨询业务与网上交易“一体化”的网站服务组织模式。