政府投资中的个人行为特征实证分析

以政府投资过程中政府机构内部个人为视角,可以发现个人与政府投资行为间存在互动关系。因为个人的经济人特性所产生的利益诉求及政府投资可能对个人产生的影响,个人在政府投资过程中将会进行权衡与计算,在理论上可以将其抽象为不同的行为组合。借助典型案例对各个行为组合进行解析,发现政府投资过程中个人的违规行为主要表现为三类:消极行为、积极行为和被动防御性行为。由此,可以为法律制度对政府投资中个人的监督与规制找到着力点。     

外商直接投资对天津产业结构的贡献分析

外商直接投资是促进天津经济发展的一个重要因素,天津外商直接投资的规模不断扩大、层次不断提高,呈现出全方位、多层次、宽领域的格局。FDI对天津产业结构的发展有很大的影响,特别是对制造业和服务业的贡献很大。     

浅议风险投资的评价与控制策略

风险投资是把资金投入到存在较大风险领域获取高收益的商业投资行为,而风险投资评价从某种意义上往往决定着投资的成败。在进行投资项目的选择过程中,不同的投资公司有着不同的选择标准。构成投资风险的因素主要包括环境风险、管理风险、技术风险、市场风险、资金风险。由于风险投资中因素较多,变数较大,企业大多数情况下需要对投资对象的信息进行转化、加工生成决策方案,从而实现风险控制。     

会计信息失真的成因及解决对策

会计信息是管理者、投资者、社会公众及政府管理部门改善经营管理、评价财务状况、做出投资决策的重要依据,在微观管理、宏观调控、促进现代经济发展等方面都发挥着巨大的作用。会计信息的真实与否,直接关系到使用者的经济决策是否合理有效,因此,必须通过分析研究会计信息失真的表现形式及其成因,从而找出有效的解决办法,以便提高会计信息质量和规范会计市场。     

武汉城市圈上市公司资本配置效率研究

武汉城市圈上市公司的发展壮大,一方面取决于资本总量的积累,另一方面取决于资本配置效率的提高。对2005—2009年武汉城市圈上市公司资本配置效率的实证研究表明,固定资产净值（投资额）和利润总额（盈利额）显著正相关,利润的增加会引起投资的增加,而且利润对投资的引致作用成增大趋势,资本配置的效率趋于提高。     

陕西文化产业投融资模式创新研究

文化产业,作为一种新兴的产业形态被赋予了产业转型升级的重大使命,具有非常广阔的发展前景。资金的融通是文化产业发展的有力保证,现阶段资本的缺乏成为陕西文化产业发展亟待解决的瓶颈问题。在分析陕西文化产业投融资发展现状的基础上,借鉴国外文化产业投融资的成功经验,提出深入挖掘投融资潜力,积极拓宽投融资渠道,建立功能完善、分工明确、运营规范的投融资体系,形成有陕西特色的文化产业投融资模式。     

In the eye of the storm: Isaac Seligman and the panic of 1873

This paper focuses on the activities of the Seligman investment banking firm during an intense six-week period following the outbreak of the panic of 1873 in New York City. Because of their conservative business strategies, the partners did not experience any genuinely serious financial stress. The firm's ability to facilitate monetary transatlantic transfers helped to ease credit conditions in the New York and London financial sectors. The text also cites evidence arguing that the US economy experienced a two-year recession rather than a major depression in the 1870s.     

Across borders and beyond boundaries: How the Olivetti Company became a multinational

‘Ing. C. Olivetti & Co.’, the office machine producer founded in 1908, is one of the few Italian enterprises that was quick to set up a process of internationalisation both in European markets and in other continents. This article shows the evolution of Olivetti as a multinational business from its origins until the 1960s when the manufacturer was owned and controlled by the Olivetti family. It focuses on the role that ‘entrepreneurial cognition’ plays in shaping business as the company pursues new business opportunities across borders. It argues that the internationalisation of Olivetti was pursued in at least three ways: (1) as exploitation of entrepreneurial opportunities in response to major historical events, local and global tensions; (2) as the result of entrepreneurial perceived high self-efficacy; and (3) as consequence of heuristic decision-making processes.     

Japanese foreign direct investment in India: An institutional theory approach

This article charts the history of Japanese corporate engagement with India. While there has been a profound historic relationship between the two nations, economic interaction is commonly portrayed in the context of geographical and psychic distance. As institutions set the rules of corporate engagement, we analyse the evolving regulatory and policy regime for foreign direct investment (FDI) in post-independence India and the corporate strategies of Japanese multinational enterprises (MNEs) in response to this institutional change. Using a firm-level dataset we show that the trajectory of Japanese investment in India broadly follows that of other nationalities of foreign firms. Differentiated responses to institutional changes are detected by industry. Our analysis reveals important instances of Japanese firm flexibility and pragmatism vis-à-vis the rapidly growing Indian market.     

利率管制、金融扭曲与投资效率

本文认为我国存在正规与非正规的二元金融体系,二者的利率水平不同,央行的利率管制是导致这种金融扭曲的一个主要原因。通过构建两个部门、两种金融资本的经济模型,得出正规金融市场中利率水平的提高有助于改善这种扭曲的金融结构,减少非正规金融,并且提高投资效率的结论。我国1986年到2008年的时间序列模型和1995到2008年的省际面板数据模型证实了此观点,说明利率市场化是我国深化金融改革的必然选择。