我国中小企业发展的制约因素及对策

中小企业是我国经济发展的重要力量，在保证国民经济持续稳定增长、拉动民间投资、带动地区发展、增加就业、实现科技创新与成果转化等方面均发挥着重要作用。但随着我国产业结构的战略性调整和“入世”后的严峻挑战，中小企业发展中的一些问题也日渐暴露出来，制约了企业的发展。本文就目前我国中小企业发展的制约因素进行了分析，从而提出了我国中小企业发展的途径与措施。     

A continuity property for local price adjustment mechanisms

This paper makes a case that a (local) continuity property is a reasonable one for any local price adjustment mechanism. This property means that if the starting points (i.e., initial prices) of the adjustment process are ‘close' to one another, and if the characteristics of the economies are ‘close' to one another, then, given any price adjustment mechanism, agents should compute equilibria that are ‘close' to one another. Under preferences which satisfy a ‘surjectivity hypothesis', it is shown that the tâtonnement process satisfies this continuity property on a nice subset of the space of all economies. A characterization of these economies for which the tâtonnement process is locally stable is given. Chart logic is a useful way to think about the path dependent property of implied volatility and about the relationship between implied volatility and historical volatility.     

Capital flight from the countries in transition: Some empirical evidence

This paper presents empirical evidence suggesting that the transition economies have tended to experience capital flight during periods of macroeconomic instability, such as high inflation and sharply declining output. The timing of these outflows, however, has differed somewhat across countries. Poland and Czechoslovakia experienced significant capital flight early in the transition process, but as reforms have progressed, capital outflows have slowed. By contrast, Russia registered a relatively steady flow of capital flight from 1991-94, with cumulative outflows totalling about $40 billion. Finally, capital flight from Hungary has been subdued, paralleling the gradual course of economic reforms and the country's comparative political stability.     

陕西省普通高校体育舞蹈普修教学现状分析

本文迎合体育舞蹈项目与活动的发展契机,通过对陕西省各普通高校体育专业本科段体育舞蹈普修教学状况的诸多方面内容进行调查,系统地分析体育舞蹈在陕西省各普通高校体育教学中的开设现状,为陕西省体育舞蹈项目的发展提供有价值的理论依据与参考。     

社保基金资产对社区医疗服务机构建设及运营的投资研究

随着我国社会福利保障制度的不断完善及参加医疗保险人数快速增加，为广大医疗参保人员提供有效基本医疗卫生服务，成了社会医疗保险基金必须解决的客观现实问题。对此，广州市政府通过在行政区范围内，设置社区医疗卫生服务组织机构，为市民提供公共卫生和基本医疗服务，满足社区居民健康需求。然而，少子化政策实施及老年人口的迅速增加，面对目前养老机构条件严重不足情况下，必须发挥社区卫生服务机构的有效综合医疗作用。因此，本论文在设计社区医疗卫生综合服务机构运营体系模式基础上，提出加强社保基金资产对社区医疗卫生综合服务机构建设及运营的科学投资。     

金融危机期间非常规货币政策"退出"问题简析——美联储的案例及其启示

为应对自1929年大萧条以来最为严重的金融危机,美联储积极配合美国政府的救援计划,采取一系列应对金融危机的非常规措施。随着近期全球经济出现企稳回升迹象,国际社会对非常规政策何时退出问题的讨论日益增多。本文在回顾美联储主席伯南克在危机前有关应对通货紧缩和金融危机的重要学术观点的基础上,对美联储非常规货币政策退出的可能方式、时机、顺序等进行分析,并探讨退出政策的潜在影响及其启示。     

Risk-shifting and investment asymmetry

I show that when shareholders can change not only the variance of the future firm value, but also its asymmetry, they can shift costly risk to bondholders while lowering the firm risk, and more importantly, the equity risk and the probability of bankruptcy. The implication of this result is that risk-shifting behavior can be more beneficial to shareholders than currently perceived in the literature.     

Voluntary disclosure of operating income

This study investigates whether New Zealand firms’ voluntary disclosure of operating income, which is also known as earnings before interest and tax, in the income statement is related to the investment opportunity set. New Zealand provides an ideal setting to examine this because New Zealand generally accepted accounting principles do not require the disclosure of operating income as an intermediate income number in arriving at net income (earnings) in the income statement. We hypothesize and find evidence that firms with high assets‐in‐place and high leverage are more likely to voluntarily disclose operating income/earnings before interest and tax. However, the assets‐in‐place finding is sensitive to alternative measures of the investment opportunity set.     

“走出去”企业的国际人力资源战略选择研究

文章从战略性国际人力资源管理的视角，通过对“走出去”样本企业人力资源配置情况的调查研究，探讨“走出去”企业的国际人力资源战略管理问题。总体上看，中国“走出去”企业大多数采用“遵从母制”的国际人力资源战略。从具体东道国情况看，进入发达国家的企业，在研发管理负责人、供应采购负责人和生产技术负责人方面，会偏向录用东道国员工；进入发展中国家的企业，上述三个主要负责人会更多地任用外派人员，也就是录用母国的员工。