发展低碳经济对于可持续发展及相关产业发展的促进价值

由于全球升温给人类的生产和生活等各个方面带来的灾难日益严重,温室效应问题引起了各国的广泛关注。作为温室气体排放权的起点《京都议定书》确定了帮助发达国家缔约方减轻其承担减排义务费用的三个灵活机制:排放贸易机制,联合履行机制和清洁发展机制。在介绍了由于全球的环境问题存在着区域差异和控制气候变化的国际合作中,因为国家利益和立场的差异,使得180多个国家分化成不同的国家利益集团,从而形成了国际碳交易市场的现状。分析了中国从世界各国碳交易市场的现状中得到的启示以及中国目前碳交易现状。阐述了国际碳交易对中国主要产业发展的启示,分别介绍了中国各产业经济等方面应该把握的机遇和迎接的挑战。     

内部控制指数的分析与再设计初探

设计内部控制指数,可以降低内部控制制度设计方面的主观因素,把定性因素量化,以此衡量内部控制的效率,并为利益相关者提供可量化的决策参考。本文基于现有的研究成果,结合内部控制的目标和要素,设置评价指数和评分标准,信息使用者通过计算总分数来评价内部控制效率,从而形成具有完整性、层次性的内部控制指数体系。     

农户联保贷款不良率高的成因分析——以吉林省德惠市农村信用社为例

农户联保贷款是农村金融产品的一个创新,为农户贷款难开辟了一条新途径,然而实际运营过程中,由于管理不到位及一些客观原因,致使农户贷款中出现大量的不良。本文通过对德惠市农村信用社农户联保贷款的调查,深入分析农户联保贷款的成因。     

Can channel pattern trading be profitably automated?

Financial markets, such as the global foreign exchange (FX) market, often exhibit trending behaviour. Within such trends, the market level oscillates with changes in market consensus. Continued oscillations of this type result in the formation of wave patterns within the underlying trend known as channels, which are used by technical analysts as trade entry signals. A sample space of such channels has been constructed from a set of US dollar/British pound Spot FX tick data from 1989–1997 using pattern recognition algorithms and the profitability of trading using such patterns has been estimated. A number of attributes of the resulting collection of channels has been subjected to statistical analysis with the aim of classifying patterns that can be traded profitably using a number of simple trading rules. Results of this analysis show that there exist statistically significant links between the channels' attributes and profitability.     

精益生产方式下成本管理的相关问题及对策

目标成本管理作为精益生产方式下的成本管理模式,它以目标成本控制为核心,以作业为成本计算对象,旨在消除浪费、减少质量事件。本文通过介绍精益生产方式的相关情况和具体实施,指出精益生产方式的独特之处;分析精益生产方式下的成本管理普遍存在的问题及原因;提出解决问题的对策。     

市场择机与目标资本结构对上市公司资本结构的影响-基于中国上市公司的实证研究

 本文利用1998年1月1日至2006年12月31日的沪深两市上市公司的面板数据,运用Tobit模型预测出目标资本结构,以此来检验我国股市的市场择机行为和影响资本结构的因素。实证结果表明在样本期内我国上市公司存在着市场择机行为,但是仅能持续三年左右,盈利能力、非债务税盾和公司规模等因素则通过影响目标资本结构来影响上市公司的资本结构,且这一影响是持续显著的。     

Cultural differences,insecure property rights and the mode of entry decision

We develop a theory of a multinational corporation’s optimal mode of entry in a new market. The foreign firm can choose between a licensing agreement, a wholly owned subsidiary or shared control (joint venture). In an environment in which property rights are insecure, opportunism is possible, and the identification of new business opportunities is costly, we show that the relationship between the quality of the institutional environment and the mode of entry decision is non-monotonic. Licensing is preferred if property rights are strictly enforced, while a joint venture is chosen when property rights are poorly enforced. For intermediate situations, the better use of local knowledge made possible by shared control under a joint venture works as a double edged sword. On the one hand, it makes the monitoring activity of the multinational more credible, on the other it offers insurance to both parties, potentially compromising the incentives faced by the local partner. We are grateful to the Centro Studi Luca d’Agliano for providing financial support. For useful comments we would like to thank Klaus Desmet, Cecilia Testa, Henry Wan and Gerald Willmann and seminar participants at Cornell, Ente Luigi Einaudi, Fundacao Getulio Vargas, Kiel, Milano, Universidad de Sao Paolo, the Midwest International Economics Meetings in Indianapolis, SAET VI conference in Rhodes, and the City University of Hong Kong Conference on Intellectual Property Rights.     

FDI entry mode choice of Chinese firms: A strategic behavior perspective

This study investigates the determinants of foreign direct investment (FDI) entry mode choice between a wholly owned subsidiary and a joint venture by Chinese firms that invest overseas. We argue that the FDI entry mode choice of a Chinese firm is primarily influenced by the variables related to the firm's strategic fit in host industry and its strategic intent of conducting FDI. Using survey data of a sample of 138 Chinese firms, the results suggest that a Chinese firm prefers wholly owned subsidiary entry mode when it adopts a global strategy, faces severe host industry competition, and emphasizes assets seeking purposes in its FDI. A joint venture is preferred when the firm is investing in a high growth host market.     

Next Target Market for China Automakers?——China Autos Displayed in 101st North American International Auto Show 2008

As a top international show,the North American International Auto Show(NAIAS)is among the most prestigious auto shows in the world.On January 13,2008,in Detroit,the 101st NAIAS unveiled the first auto show of 2008.With the developing strategy of"Going Out"and the innovation on research and technology,China automakers achieved great progress in recent years.In this show,China five automakers including:BYD Auto,Changfeng Group,Geely International Corp,Li Shi Guang Ming Auto Design CO.Ltd,and ZXAuto China(Hebei Zhongxing)attended the NAIAS on January 13 to 27,2008.Changfeng Motor Group and Geely International Corporation made return visits to Detroit while BYD Auto Co.,Chamco and Li Shi Guang Ming appeared for the first time.     

The Third U.S.-China Strategic Economic Dialogue December 12-13, 2007, Beijing Joint Fact Sheet

At Grand Epoch City near Beijing on December 12 and 13, the .United States and China held the third Strategic Economic Dialogue （SED）. As special representatives of President George W. Bush and President Hu Jintao, Treasury Secretary Henry M. Pauslon, Jr. and Vice Premier Wu Yi served as cochairs of the SED.