案例导向型方法在金融学教学中的应用研究

以案例教学为基础的案例导向型方法是金融学教学创新的有效手段,有利于培养创新型金融人才.在阐述案例导向型教学方法内涵的基础上,文章分析了案例导向型方法对金融学教学的重要意义,将金融学部分教学内容和多个经典实例结合起来,深入探讨了案例导向型方法在金融学教学中的具体应用,最后分析了推进案例导向型教学的后续保障.     

建设服务导向型企业文化

企业文化是指企业全体员工普遍接受并付诸身体力行的信念、态度和价值观，乃至制度规范和行为习惯。服务导向型企业文化，就是以客户为中心、以满足客户需求为出发点和归宿、以创造客户价值、实现客户满意为目标，体现调动全员、覆盖全程、贯穿全方位的大服务思想与格局的企业文化。服务导向型企业文化的特点，一是强调客户为先，聚焦客户需求，关注客户感受，追求客户满意；二是强调诚信为本，自觉维护并最大限度地实现客户价值；三是强调全员参与、全程覆盖，组织机构和流程设计、制度规范及员工行为都要体现服务导向；四是强调全方位的服务格局，视员工为创造利润的动力和源泉。本文结合实际工作，就实践党的宗旨与建设服务导向型企业文化谈谈体会。     

土地供给、投机需求与商品房价——基于动态价格模型的计量模拟

在本文中作者将土地供给弹性作为关键变量,在有无投机需求的情况模拟了中国房地产市场的价格运行形态.作者通过建立动态价格模型后仿真模拟得到结论:土地供给弹性和投机需求均是商品房价的主要影响因素;在土地供给不具有弹性且有投机需求的情况下,测得的长期价格比土地供给富有弹性且市场无投机需求的情况下要高100%.由此可见,土地供给是影响商品房价的关键性因素.     

外资银行法人导向型监管策略的合理性辨析

《外资银行管理条例》改变了我国过去的分行导向型监管模式,确立了法人导向型监管策略。本文认为,法人行在防范国际金融风险传递和保护存款人利益上作用有限,我国外资银行法人导向型的监管策略的合理性值得商榷。     

浅析项目导向型企业绩效考核指标体系的设计

随着新形势的不断变化,对于项目导向型企业来说,绩效考核体系建设是重要的组成部分,其中,财务绩效考核发挥了十分重要的作用,如何完善财务绩效考核指标体系已经成为当前项目导向型企业亟待解决的问题。因此,本文在已有参考文献对于项目导向型企业绩效考核体系的研究基础上,对项目导向型企业绩效考核中的财务绩效进行分析,对项目导向型企业绩效考核中财务指标的设计进行了创新,旨在对项目导向型企业的竞争和发展提出一些可行性的建议。     

民办高校商科专业能力导向型人才培养模式探索

民办高校为培养应用型人才,需要对人才培养模式进行改革。构建能力导向型人才培养模式有利于满足社会对商科应用型人才持续增长的需求。能力导向型人才培养模式的实施策略是优化课程体系、实施项目导师制、加强实践教育基地建设。     

文化商品市场健康发展的规范研究——以《资本论》劳动价值理论为分析框架

本文的文化商品指具有投资价值的艺术品,如名家字画、古玩等等,文化商品在价值生产上的垄断性,使其获得垄断利润,其价值的实现则以价格对价值的较大背离完成;当前文化商品投资火暴,价格具有较大的不确定性。本文以《资本论》理论为原理,以劳动价值理论为分析框架,从生产力角度分析文化商品的价格与价值相背离的原因,并对文化商品市场的健康发展提出政策建议。     

土地供给、投机需求与商品房价——基于动态价格模型的计量模拟

在本文中作者将土地供给弹性作为关键变量,在有无投机需求的情况模拟了中国房地产市场的价格运行形态。作者通过建立动态价格模型后仿真模拟得到结论:土地供给弹性和投机需求均是商品房价的主要影响因素;在土地供给不具有弹性且有投机需求的情况下,测得的长期价格比土地供给富有弹性且市场无投机需求的情况下要高100%。由此可见,土地供给是影响商品房价的关键性因素。     

商品期货金融化浅析

在过去的十年中,商品市场的价格水平和波动率都经历了显著的增长。2008年金融危机前的牛市使得商品期货的价格大幅上涨,金融危机之后,虽然经历了暴跌后,但纵观这些年,商品期货的价格明显经历着一个大幅上涨的过程。价格形成的基本理论告诉我们,资产价格的形成是随它的供求关系而改变。然而近年商品价格的波动率加大引发了人们对其根源的进一步探讨。研究表明,商品期货的牛市使得原本活跃在债券、股票等金融市场的投资者,即所谓的“金融投资者”,加速进入商品期货市场,同时反过来刺激期货价格进一步走高。本文主要研究了商品期货市场金融化的原因,价格变化背后的因素,以及商品市场金融化对期货价格形成、投资者行为和结构等的影响。     

区域导向型发展模式下的地方政府行为扭曲与对外开放效益

本文认为,区域导向型发展模式下地方政府在财政分权与政绩观约束下所产生的对外开放中的行为扭曲,是导致价值增值外流以及创新能力受到抑制、可持续发展受到严重威胁等问题的根本原因。因此,要提高对外开放效益就必须清除造成地方政府行为扭曲的国内体制性障碍。     

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 Premium Rating with Latent Structure

We propose a fully Bayesian approach to non-life risk premium rating, based on hierarchical models with latent variables for both claim frequency and claim size. Inference is based on the joint posterior distribution and is performed by Markov Chain Monte Carlo. Rather than plug-in point estimates of all unknown parameters, we take into account all sources of uncertainty simultaneously when the model is used to predict claims and estimate risk premiums. Several models are fitted to both a simulated dataset and a small portfolio regarding theft from cars. We show that interaction among latent variables can improve predictions significantly. We also investigate when interaction is not necessary. We compare our results with those obtained under a standard generalized linear model and show through numerical simulation that geographically located and spatially interacting latent variables can successfully compensate for missing covariates. However, when applied to the real portfolio data, the proposed models are not better than standard models due to the lack of spatial structure in the data.     

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.