中国房地产资金来源状况分析报告

当前，房地产投资过快增长和房地产价格的大幅度上涨，已经发展成为影响国民经济平稳较快增长的不健康因素，因此，加强对房地产市场调控成为宏观调控的一项主要任务。为掌握房地产投资奖金来源状况，我们对2001年年初以来房地产投资的奖金来源及变化情况进行了专题调查分析。     

关于绥芬河市房地产开发情况的调查

近两年,我国通过紧缩房地产信贷、治理土地市场等政策措施来遏制房地产业投资增长过快及房地产价格迅猛上升的势头,已经取得了一定的成效。笔者就绥芬河市2004年的房地产开发情况做了初步调查。一、绥芬河市房地产贷款情况截止2004年七月末,绥芬河市住房贷款余额为26495万元,其     

房地产价格影响因素与房地产调控措施

房地产价格对行业健康稳定发展会产生重要的影响,随着我国社会经济的发展,城市化进程的加快,我国房地产价格呈现过快上涨的局面,此问题已经得到社会的高度关注,需要采取积极有效的手段调控房地产价格,才能促使房价回归理性。当前需要规范土地市场、建立法规、规范市场秩序,对房地产业各个经济主体进行宣传教育,保证行业处于健康稳定协调发展的状态。     

异常跨境资金流入渠道及应对措施

受人民币升值预期以及国内资产价格快速上涨等因素的影响,境外套利资金假借各种渠道流入境内并结汇,加剧了国际收支不平衡和国内流动性过剩,部分境外套利资金流向我国资本市场和房地产市场,一定程度上导致了房地产市场和资本市场价格的过快增长。尽快完善跨境资金流动的监测体系和调节机制,抑制套利资金过度流入,对维护国际收支平衡、促进经济金融稳定发展具有十分重要的积极作用。     

房地产价格、货币政策与差别化金融调控

<正>引言当前,房地产价格已成为最炙手可热的话题。尽管货币政策是否应该干预房地产价格还存在理论上的争议,但实践却表明,房地产价格过快上涨往往是经济过热或通货膨胀的先行指示器。而作为我国的支柱产业,房地产行业与经济增长和通货膨胀的关系更为显著。因此,货币政策必须关注房地产价格。事实上,2003年以来,我国已经多次出台了包括提高     

2006年呼和浩特市房地产市场发展情况的调查

2006年,我国的房地产供应呈现了阶段性、结构性的矛盾比较突出,房价持续上涨,局部地区增长过快,不但形成了房地产经济的大量泡沫。而且直接导致了全国固定资产的投资过快。呼和浩特房地产市场属于局部地区增长过快的地区之一。论文针对呼和浩特市2006年房地产市场运行情况进行分析,并对2007年市场走势作初步预测。     

房地产价格影响因素分析:广东佛山数据检验

本文通过梳理心理预期、房地产市场供需缺口、经济发展水平、政府政策、流动性与房地产价格之间的关系,建立一个解释房地产价格增速波动的框架,并利用佛山市的相关数据进行检验。结果显示:实施房地产市场调控、有效引导公众对房地产市场预期和有针对性的需求管理等措施,比增加住房供给以缩小供求缺口能更好地限制房地产价格过快增长。     

授意开发商炒房价地方政府请地产商当托儿

最近江苏一家在全国也算得上重量级房地产公司的老板向记爆出“猛料”：某些城市房地产价格的过快增长并非完全是市场因素使然，而是政府“操盘”的结果，政府调控市场的“有形之手”充当了推动房价过快增长的角色。     

对梧州市房地产市场发展的探析

1998年以来，我国房地产业快速发展，为拉动经济增长做出了重要的贡献。但在一些地区由于房地产非理性投资的过快增长，导致房地产价格持续上涨，房屋空置率不断上升，房地产泡沫凸现，信贷风险加大。为此，本文结合梧州市房地产市场的发展状况和存在问题，对如何培育     

关于沧州市房地产价格走势的调查研究

近几年来,同全国其他中小城市一样,沧州市的房地产价格也出现了快速上涨。本文通过对沧州市房地产市场运行情况及相关因素的调查分析,认为随着城镇化加快和城镇居民收入水平的提高,房地产需求快速扩张势在必然;房地产市场资金供应充裕,为房地产需求的增长提供了充要条件;近年来房地产开发成本大幅增长,推动了房地产价格攀升。在可预见的未来期间内,供应偏紧、价格上涨仍将是房地产市场的主要矛盾,国家应采取有力政策措施,改善房地产供给,抑制需求的过快增长,以平衡供需,实现房地产价格的稳定。     

Short-sale refinancing and price adjustment speed to bad news: Evidence from a quasi-natural experiment in China

Short selling may accelerate stock price adjustment to negative news. However, the literature provides mixed evidence for this prediction. Using short-sale refinancing and a staggered difference-in-differences (DID) model, this paper explores the effect of short selling on stock price adjustment. Our results show that (1) short-sale refinancing improves the speed of stock price adjustment to negative news. This result holds after we control for endogeneity. (2) The positive relationship between short-sale refinancing and stock price adjustment speed is significant in subsamples of stocks with higher earnings management or lower accuracy of analyst forecasts, indicating that firms with more opaque information are more likely to be targeted by short sellers. In subsamples of stocks with a higher ownership concentration or lower ownership by institutional investors, short selling is more likely to increase the speed of stock price adjustment, indicating that ownership structure may influence negative news mining. (3) As short-sale refinancing exacerbates the absorption of bad news by stock prices, it increases crash risk. This study enriches the research on the economic consequences of short selling and provides empirical evidence supporting regulations on short selling in China.     

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,auditing and corporate governance issues that relate to the greater China region.We welcome the submission of both theoretical and empirical research papers pertinent to researchers,regulators and practitioners.Authors should note:     

The China puzzle: Opportunities for accounting research

How can China achieve phenomenal economic growth despite what is considered as 'weak' institutions in market-based economies? Xu(2011) provides a framework to u...     

Aims and Scope

<正>The focus of the China Journal of Accounting Research is to publish theoretical and empirical research papers that use contemporary research methodologies to...     

Income smoothing and the cost of debt

The literature on income smoothing focuses on the effect of earnings smoothing on the equity market.This paper investigates the effect of income smoothing on th...     

The case for management history

This article defines the case for treating management history as a discrete subject area, although one closely related to business, accounting, labour, and industrial history. It seeks to concentrate on the nature, process, and practice of management as an activity within the organization, and to argue that it is important that modern British managers understand the intellectual and cultural roots of their profession, since without these they will tend to be swayed by short-term management 'fads'. Within the broad topic there are several identifiable sub-areas for potential exploration, including the comparative historical development of management between different countries, management institutions, managerial careers and labour markets, management structures, management skills, and management thought and theory.     

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.     

The life and career of John Spence Ogilvy (1805-71), the first chartered accountant to emigrate to Australia

So far as the available evidence allows, this paper examines the life and career of John Spence Ogilvy, foundation member of the Society of Accountants in Edinburgh in 1854, who emigrated to Melbourne in 1856, but did not play a part in the development of an organized accounting profession in Australia. The paper also attempts to explain the gap of thirty-two years between the formation of the first accounting bodies in Edinburgh and Melbourne.     

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.