A model of medium term exchange rate forecast in an open economy The case of the mexican peso

Keynes (1930) and Samuelson (1965) proposals open the possibility of matching predictability and efficiency, as evidenced by the seminal study by Fisher (1930). Recent findings suggest that the foreign exchange market gradually incorporates relevant information allowing the formation of prices in a rational manner but not randomly. Models of exchange rate by term based on asset valuation suggest that the inclusion of risk in the spot rate increases the degree of predictability. The results show that after incorporating an accurate measure of risk, predictability of medium term foreign exchange rate increases.     

企业薪酬内部公平与外部公平对接研究

岗位价值评估分数与外部市场薪酬水平对接是决定企业薪酬内部公平和外部公平程度的核心环节。在分析薪等制、薪点制和宽带薪酬等三种岗位价值评估与外部市场薪酬水平对接技术的基础上,对薪等制、薪点制中薪酬内外部公平对接技术的最新发展进行了探讨。     

公平和效率为导向的内部控制信息披露方式的转变

自《萨班斯--奥克斯利法案》颁布以来,美国上市公司内部控制信息披露方式由自愿性披露转变为强制性披露。而在2008年我国五部委联合发布的《企业内部控制基本规范》标志着我国上市公司内部控制信息也开始向强制性披露方式转变。论文试图用经济学的公平与效率理论分析内部控制信息由自愿性披露方式转变为强制性披露方式背后的原因,经过分析发现披露方式的转变是促进资本市场效率向保障资本市场公平的转变。     

我国创业板市场的风险研究及对策探讨

本文对创业板在中国的设立背景以及在中国的现状进行了分析,针对创业板存在的风险进行了系统的探讨,从而能够正确认识创业板市场当中存在的风险因素,以探寻降低创业板市场风险的手段和措施,促进创业板市场良性运行。     

Industry Structure and Corporate Debt Maturity

We examine how industry competition affects firms’ choice of short‐term debt. We find that the percentage of short‐term debt is positively related to industry concentration at low levels of concentration, and inversely related to industry concentration at higher levels of concentration. This nonlinear relation is stronger in industries where firms are either more homogeneous or compete more aggressively. Moreover, we find that firms with shorter‐maturity debt are less aggressive than their rivals in the product market. The overall evidence suggests that although financial contracts alleviate agency problems, they exacerbate the risk of predation.     

江西上市公司总体状况分析及发展建议

江西要在中部崛起,资本市场的发展不容忽视。资本市场的发展在一定意义上就是所辖区域内上市公司的发展与壮大。换而言之,通过上市公司这个层面多少可以对一个地区经济发展水平起到管中窥豹的作用。本文以2010年中期江西上市公司有关数据作比较、分析,并就江西上市公司的发展提出了一些建议。     

中国森林碳汇市场的研究现状及进一步发展的建议

森林碳汇市场的形成经历了自愿行动、试验交易、经验总结和强化认识以及规范、发展等四个阶段.自从它形成之后,国内外的学者纷纷对其进行研究,他们发现计量体系不完善、相关市场制度和规则不完善、法制不完善、市场信息的难以获得以及较高的交易成本等因素阻碍了中国森林碳汇市场的发展.文章建议通过建立控制温室气体排放的强制性政策、建立统一的森林碳汇计量体系和标准、制订相应的法规条例、加强对森林碳汇理论的宣传和研究以及降低交易成本等措施来促进中国森林碳汇市场的发展.     

发展城市旅游以提升旅游民生

旅游的民生性越来越得到重视,城市旅游的发展是旅游民生推进的重要体现,两者的交融决定了采取可行性的开发策略将起着重要的积极作用。文章分析了当今城市旅游的现状,结合当今实际,提出了要通过发展城市旅游以提升旅游民生,最后提出了相关政策建议。     

The Future of Managing Customers as Assets

SUMMARY

Most companies do a very poor job of determining the economic value of their customers. There are three primary reasons that this has been the case: (1) inadequacy of technology, (2) managements' internal focus on products (as opposed to customers), and (3) inadequacy of accounting systems. Each of these areas, however, has undergone rapid transformation in terms of their sophistication and managerial usefulness. As a result, it is manifest destiny that asset valuation and management will evolve to the evaluation of a company's most fundamental asset, its customers (i.e., customer lifetime value). Most managers have come to accept this inevitability. What managers fail to realize is just how radically an understanding of customer lifetime value will transform the business landscape. It will dramatically impact the breadth and type of data collected; the way managers view and segment customers; the types of experiences firms offer customers; the metrics executives provide to the financial markets; and the way companies structure and staff their organizations.