论政策性金融机构的法律地位

政策性金融机构在我国产生并运营已达21年之久,但从其运营的法律保障及监督依据来看,到目前为止专门的政策性金融法律仍然缺位,亟须适应各政策性金融机构加快改革发展。在立法的过程中首先需要明确的一个基础性前提性问题是,对政策性金融机构的法律地位做出适合其自身特性的科学界定,这关系到出台的法律的方向性及其对政策性金融机构的规范约束的适应性问题。而要明确政策性金融机构的法律地位须以认清其本质特征为基础。通过综合分析所有相关因素之后认为,政策性金融机构从法律地位上来讲是一种具有特殊性的公法法人。     

我国中小法人金融机构市场退出立法现状及建议

近年来,中小法人金融机构风险事件逐渐增多,严重影响金融稳定,研究并推动建立健全中小法人金融机构市场退出机制成为我国金融业所面临的一项重要且紧迫的任务.通过对我国中小法人金融机构市场退出立法现状的分析,梳理借鉴国外关于中小法人金融机构市场退出立法的相关经验,提出了构建、健全中小法人金融机构市场退出的法律体系、成立专门的中...     

进出口政策性金融机构法的国际比较

各国进出口政策性金融机构的名称、宗旨、业务范围以及资金来源等等方面存在差异之处,也具有相同特征。从发达国家的普遍情况以及其它发展中国家和转型国家的发展趋势来看,制定针对进出口政策性金融机构的独立法律是保证中国进出口政策性金融机构健康运转、提高中国对外经济贸易事业国际竞争实力的必然选择。     

政府角色与制度回应:农村政策性银行法律制度的完善

政府在推动农村社会经济发展过程中发挥着制度供给和市场监管等责任.作为贯彻执行国家农业政策的金融机构,具有非营利性和非竞争性、风险性等特征的农村政策性银行理应通过资金供给解决农村经济发展中资金不足的矛盾.我国目前相关法律存在制度供给失灵、法律制度缺位、法律地位模糊不清、法人治理结构不完善、经营活动缺乏有效监管等问题,亟需政府做出制度回应,为农村经济发展提供金融法制保障     

美国农村金融体系建设对我国农村建设普惠金融的经验启示

建设与农村经济发展相适应的金融体系是我国金融改革的重点。包括商业银行、政策性金融机构、合作性金融机构、农业保险制度以及法律体系在内的美国农村金融体系为农业经济发展提供了必要的金融支持。通过研究美国的成功经验,建议从提高中西部地区金融机构覆盖率、完善信用体系、完善政策性金融机构功能等方面,促进中国农村普惠金融建设。     

金融业践行社会责任:湖南实证

一、湖南金融业践行社会责任现状及特点本次调查面向全省各类金融机构的董事长(理事长、行长)及其信贷部门(相关职能部门)主要负责人,包括主要银行业机构省级分支机构(含政策性银行、国有股份制商业银行、全国性股份制商业银行,下同)、省内银行业中小法人机构(含地方城市商业银行、城市信用社、农村合作金融机构,下同)及其他金融机构(含辖内法人证券、期货、信托、财务公司和省级保险分支机构等,下同)等机构185家。     

日本国际协力银行的改革发展及其启示

国际协力银行是主要服务于日本企业"走出去"活动的日本政策性金融机构。按照2011年5月实施的《株式会社国际协力银行法》规定,国际协力银行将于2012年4月脱离日本政策金融公库成为独立行政法人。国际协力银行近年来的改革发展对于推进我国政策性金融改革具有一定的借鉴作用。     

佳木斯地区农村信用体系建设任重道远

十七届三中全会对农村金融体制改革进行了全面部署，提出加大政策性金融机构对农业开发和农村基础设施建设中长期信贷支持；扩大邮政储蓄银行涉农业务范围；改善农村信用社法人治理结构，     

浅谈基层农发行业务经营中存在的问题及治理对策

国外的政策性金融机构一般都有单独的法律法规，都是先有法规再有政策性银行，它们在政府支持的产业方向和范围内独立决策和经营，是自主决策、自主经营、自担风险的独立法人。而我国1994年三家政策性银行成立至今，还没有一部政策性银行法规，对其办行宗旨、经营范围和目标、运行规则、违规的处罚等做出具体规定。     

金融业践行社会责任:湖南实证

<正>一、湖南金融业践行社会责任现状及特点本次调查面向全省各类金融机构的董事长(理事长、行长)及其信贷部门(相关职能部门)主要负责人,包括主要银行业机构省级分支机构(含政策性银行、国有股份制商业银行、全国性股份制商业银行,下同)、省内银行业中小法人机构(含地方城市商业银行、城市信用社、农村合作金融机构,下同)及其他金融机构(含辖内法人证券、期货、信托、财务公司和省级保险分支机构等,下同)等机构185家。     

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.     

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.     

Female CFOs and loan contracting: Financial conservatism or gender discrimination? – An empirical test based on collateral clauses

Based on signaling and gender discrimination theory, we examine whether chief financial officer(CFO) gender matters to bank–firm relationships and the designing...     

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...     

The Impact of IFRS Adoption on an Agribusiness Company's Financial Statements

This fictional case is based on a Canadian public company that produces greenhouse vegetables. Focusing on the differences between International Financial Reporting Standards (IFRS) and Canadian Accounting Standards for Private Enterprises (ASPE), this case provides students an opportunity to (1) apply IFRS in a real world setting; (2) prepare and reconcile financial statements under ASPE and IFRS; (3) analyze the impact of IFRS adoption on key financial ratios; and (4) detect and explain differences in financial statements under ASPE and IFRS through common size analysis.