金融支持：集团企业国际化发展助推器

企业要想跻身世界工业强企之林，实现跨国经营和可持续发展的战略目标，需要在金融支持、金融政策和管理理念上进行深化和更新，鞍山钢铁集团作为东北老工业基地的代表企业，在以走新型工业化道路为主线的同时，充分运用金融手段、积极争取金融政策和信贷支持、广泛运用各种金融工具，在全球范围内进行资本运作，     

关于金融支持云南省新型工业化发展的思考

新型工业化即科技含量高、经济效益好,资源消耗低、环境污染少,并能充分发挥后发优势的工业。新型工业化道路是实现工业经济可持续发展的唯一途径,是国民经济实现"又好有快"发展的要求。为实现云南省社会经济发展的新跨越,云南省委省政府提出了走新型工业化道路,实施工业强省战略的决定,这既为全省金融机构提出了新的更高要求,同时也为金融自身的发展带来了机遇。对此,我们组成调研组,就金融支持云南省新型工业化发展情况进行了专题调研。     

海东地区工业化与金融业发展的思考

本文通过揭示海东地区工业发展与金融业发展沿革、工业布局与金融支持两者之间发展的差异。提出贫困落后地区要发展,必须走工业化道路,要赶上时代步伐、建设小康社会还必须走新型工业化道路。     

积极探索和创新东北老工业基地振兴的资本形成模式

要从根本上解决老工业基地调整改造所需要的巨额资金投入，当务之急是要疏通和拓展资金融通渠道，进行适时的路径选择。建立市场主导型的资本形成模式和直接融资的支持配合是至关重要的，这既是激活东北金融产业，提升金融投资体系整体活力和竞争力的内在要求，也是走向新型工业化道路和实现经济振兴的关键。     

湖北省加快推进新型工业化进程的战略思路研究

新型工业化是与传统工业化相对而言的工业化.传统工业化道路虽然使我国工业得到了快速发展,但却付出了沉重的资源环境代价.本文从推进湖北省新型工业化进程的现实意义出发,提出推进工作的战略重点和基本思路,旨在为加快走向新型工业化道路提供决策参考.     

论农村金融与农业现代化

党的十八大提出坚持走中国特色新型工业化、信息化、城镇化、农业现代化道路,我国是一个传统的农业大国,坚持农业现代化与工业化、信息化、城镇化同步发展是实现我国全面现代化的必由之路,而实现农业现代化需要强有力的金融支持.本文对我国农村金融的现状和农业现代化的金融需求进行了深入分析,对金融支持农业现代化提出建议.     

论农村金融与农业现代化

党的十八大提出坚持走中国特色新型工业化、信息化、城镇化、农业现代化道路,我国是一个传统的农业大国,坚持农业现代化与工业化、信息化、城镇化同步发展是实现我国全面现代化的必由之路,而实现农业现代化需要强有力的金融支持。本文对我国农村金融的现状和农业现代化的金融需求进行了深入分析,对金融支持农业现代化提出建议。     

新型工业化促区域经济协调发展——以四川省万源市为例

工业在国民经济各产业部门中,占据主导和支配地位,工业的发展水平,决定着其他产业部门乃至整个国民经济的发展水平。为实现新型工业化发展战略,万源市应坚持走工业工业化和农村工业化道路,打造中国天然富硒农产品基地,培育两个百亿产业。     

拓展央行金融服务创新助推新型工业化发展的思考

党的十六大、十七大和十一届全国人大多次强调中国特色新型工业化道路的重要性。走新型工业化道路,离不开强有力的金融支持,央行如何围绕实施新型工业化这一重大战略决策,促进经济发展,是一项紧迫而又现实的课题,具有重要的理论和实践意义。     

基于金融新秩序的新型工业化道路

新型工业化道路没有直接可供复制的模式.从逻辑上看,新型工业化中,至少面临四大问题：新技术运用创造了风险;劳动力转移与收入不平等的风险;高新技术与严重的社会保障问题;和谐社会与资产波动的风险.而随着金融技术的应用可以为新型工业化经济带来根本性的变革和解决一些重要的经济问题：金融制度安排以关注新型工业化中的事业创新;不平等保险以解决新型工业化中的收入分配恶化;生计保险以解决高新技术行业的创新人才培育;收入相关贷款以解决新型工业化中个人或企业的业务发展.为此,要进行公共金融基础设施建设.     

Cost accounting standard and cost accounting systems in Japan. Lessons from the past - recovering lost traditions

This paper aims to show two things. The first is how Japanese culture has contributed to the development of Japanese cost accounting history. The second is to reveal the research possibilities of cost accounting history. This paper also reviews the salient features of several important examples of these aspects of cost accounting practice in Japan. It therefore explores, through some practical illustrations, how and why Japanese cost accounting differs from that found in the West.     

Guidelines for Manuscripts Submitted to The China Journal of Accounting Research

【正】The China Journal of Accounting Research‘‘CJAR’’(ISSN 1755-3091)publishes quarterly.It contains peer-reviewed articles and commentaries on accounting,auditin...     

Shared Standard Setting in the Public Interest:A Strong Model

正The last two decades have been a definitive era in the evolution of the accountancy profession.In the wake of major corporate scandals at the turn of the century,an international public debate arose on the need for more effective and well-considered regulation;this debate then reignited during the global financial and sovereign debt crises.     

HOW TO PUT TOGETHER A COMPLETE PACKAGE

正Many Institute members know they cannot rely purely on technical knowledge and business acumen to remain competitive.As soft skills are increasingly important,Jemelyn Yadao finds out how CPAs can maintain     

Bayesian Risk Management for Equity-Linked Insurance

This paper describes how to apply Markov Chain Monte Carlo (MCMC) techniques to a regime switching model of the stock price process to generate a sample from the joint posterior distribution of the parameters of the model. The MCMC output can be used to generate a sample from the predictive distribution of losses from equity linked contracts, assuming first an actuarial approach to risk management and secondly a financial economics approach. The predictive distribution is used to show the effect of parameter uncertainty on risk management calculations. We also explore model uncertainty by assuming a GARCH model in place of the regime switching model. The results indicate that the financial economics approach to risk management is substantially more robust to parameter uncertainty and model uncertainty than the actuarial approach.     

The historical significance of the revaluation of fixed assets in Japan's state-owned railway system, 1955-6

The Government Railways of Japan (GRJ) established a fixed assets accounting system on the accruals basis after the Second World War. The revaluation of tangible fixed assets was indispensable for GRJ's introduction of depreciation in 1948. GRJ scheduled the revaluation to secure a reasonable depreciation expense, because the company had applied the replacement method to all tangible fixed assets since its foundation in 1869. At the same time, GRJ assumed the balance of the revaluation reserve account to be a means of dealing with possible future accumulated losses.     

Effects of speculation and interest rates in a “carry trade” model of commodity prices

The paper presents and estimates a model of the prices of oil and other storable commodities, a model that can be characterized as reflecting the carry trade. It focuses on speculative factors, here defined as the trade-off between interest rates on the one hand and market participants' expectations of future price changes on the other hand. It goes beyond past research by bringing to bear new data sources: survey data to measure expectations of future changes in commodity prices and options data to measure perceptions of risk. Some evidence is found of a negative effect of interest rates on the demand for inventories and thereby on commodity prices and positive effects of expected future price gains on inventory demand and thereby on today's commodity prices.     

Optimal Dynamic Premium Control in Non-life Insurance. Maximizing Dividend Pay-outs

In this paper we consider the problem of finding optimal dynamic premium policies in non-life insurance. The reserve of a company is modeled using the classical Cramér-Lundberg model with premium rates calculated via the expected value principle. The company controls dynamically the relative safety loading with the possibility of gaining or loosing customers. It distributes dividends according to a 'barrier strategy' and the objective of the company is to find an optimal premium policy and dividend barrier maximizing the expected total, discounted pay-out of dividends. In the case of exponential claim size distributions optimal controls are found on closed form, while for general claim size distributions a numerical scheme for approximations of the optimal control is derived. Based on the idea of De Vylder going back to the 1970s, the paper also investigates the possibilities of approximating the optimal control in the general case by using the closed form solution of an approximating problem with exponential claim size distributions.     

'More a national asset than an investor's paradise': financial management and the British Motor Corporation, 1952-68

This paper undertakes a comparative analysis of financial management in the British motor industry in the 1950s and 1960s. We question whether US ownership automatically implied greater financial control and immunity from capital market pressures and discuss whether the problems BMC/BMH (British Motor Corporation/British Motor Holdings) experienced were symptomatic of the absence of financial imperatives among British management at this time. Finally we widen the agenda to place our findings on financial management into a wider literature dealing more generally with the problems of managerial control and corporate governance within the motor vehicle industry in the 1950s and 1960s.     

Religion and stock price crash risk:Evidence from China

This paper investigates whether religious traditions influence firm-specific crash risk in China.Using a sample of A-share listed firms from 2003 to 2013,we pro...