经济内外失衡和宏观经济政策——对当前经济形势的几点认识

2003年以来,我国已连续了4年的经济繁荣期,经济形势的基本面是好的;但也要清醒地看到,经济和投资高增长的潜在风险在加大.当前,经济运行中的"三过"问题和流动性过剩是经济内外失衡的外在表现形式,其根源是粗放型经济增长方式.解决当前经济运行中的问题,必须采取短期政策与中长期政策相结合、治标和治本相结合的办法,最根本的是要加快推进经济增长方式的转变.     

在远程教育下提升教师专业化知识中的价值研究

教师专业化成为教师自身发展的必然要求,已成为世界各国教育者研究的趋势和潮流。通过研究教师专业化的开放性、阶段性、动态性、实践性等特征,分析了远程教育教师应具备素养性知识、条件性知识、行为性知识、实践性知识等知识类别。     

基于Kernel-Copula函数的VaR

VaR是评估资产组合风险的有效手段之一。已有的VaR估计方法依赖于总体分布,且无法全面描述不同资产间的风险相关性,导致风险常常被低估。为此,本文采用Kernel-Copula函数,估计资产组合的VaR,提高估计结果的精度和可信度。最后,利用新方法估算沪深300和标普500构成的资产组合VaR。     

Engagement partner specialization and corporate disclosure transparency

This paper explores the association of audit partners' industry specialization with corporate disclosure transparency and the latter's informativeness. The distinctive institutional designs of partner signature requirement and Information Disclosure and Transparency Ranking System (IDTRS) adopted in Taiwan allow us to empirically address the issue. We posit and find that the rankings from the IDTRS are higher for firms audited by industry specialist engagement partners than for firms audited by non-specialist engagement partners. Additionally, the results show that the probability of informed trade (PIN) proxy for information asymmetry is negatively associated with the rankings for clients of industry specialist engagement partners, but not for clients of industry non-specialist engagement partners. The results are robust with respect to alternative estimation method and alternative measures of industry specialization. Overall, the evidence suggests that industry specialist engagement partners enhance the credibility of corporate disclosure transparency, through which information asymmetry is further declined. The evidence provides policy implications to the partner signature requirement adopted in Taiwan and China.     

质量管理体系建设——从理论到实践

2005年2月24日，长院正式发布了ISO9001：2000标准《质量手册》。这标志着长院向着培训质量管理规范化、科学化迈出了可喜的一步。[编者按]     

日本分享企业海外经济利益的经验简介

近年来,我国企业走出去步伐加快,如何分享企业的海外经济收益,逐渐成为一个重要的研究课题。本文通过对日本近年来强化税制改革、严厉打击避税、规范政策指引等措施的分析,提出如何分享企业海外经济利益的相应对策。     

Walking the walk? Bank ESG disclosures and home mortgage lending

Review of Accounting Studies - We show that banks with high environmental, social, and governance (ESG) ratings issue fewer mortgages in poor localities—in number and dollar amount—than...     

A State‐Price Volatility Index for China's Stock Market

This study derives a volatility index for China's stock market with similar properties to the Chicago Board Options Exchange Volatility Index (the ‘VIX’). A long‐term benchmark of historic volatility expectations is here presented for China from 1996 to 2011, called the ‘China‐ State‐Price Volatility (SPV)’. Construction of this index involves the use of SPV methodology, using implied volatility calculated from options on the Hang Seng China Enterprise Index (HSCEI). Historic open–high–low–close volatility on the Shanghai Composite Index (SHCI) is also used to extend the benchmark prior to the availability of HSCEI options data. The China‐SPV successfully forecasts realised volatility for the Shanghai Stock Exchange. It also serves as a ‘fear gauge’ in that it monitors daily movements of the SHCI in the same way that the VIX monitors the S&P 500 index (Whaley, 2009). The China‐SPV evidences an increasing relation with the US market in terms of the dynamic correlation of levels and changes with the VIX since 2004.     

现行会计准则的实施对微利上市公司资产减值产生的影响

2007年1月1日新会计准则的实施时上市公司的会计行为产生很大影响.文章着重研究了2006年的微利公司在新会计准则即将实行的情况下,相关的资产减值活动有何变动.由此预测新会计准则在一定程度上防止微利上市公司利用原资产减值准则不完善的地方进行盈余管理是否有效.     

基于物联网的食品物流安全追踪方法研究

针对食品在物流过程中的安全问题,提出应用物联网技术构建食品物流安全追踪系统。分析研究了食品安全追踪物联网的工作原理与组成部分,通过将物流终端反馈信息进行数据互联、信息过滤、目标跟踪等运算后,最终得到目标食品的位置信息、生产信息、安全信息等数据,为食品安全监控追踪系统提供有力的决策依据。通过仿真实验表明,基于物联网的食品物流安全追踪方法能准确定位目标位置,并能获取食品的各类安全信息,验证了该追踪方法的有效性和先进性。