金融不良资产价值评估方法研究

金融不良资产评估业务已在我国获得了长足的发展。在债权人处置不良资产、实现经营目标的过程中,价值评估发挥着至关重要的作用。由于金融不良资产的特殊性,其价值评估业务远比一般性资产评估业务复杂。传统的金融不良资产评估方法存在弊端。从资产回收率的角度出发,运用多元回归模型,提出了根据不良资产的回收率对资产包价值进行评估的方法。     

中小企业融资信用服务机制研究--基于张江商会金融服务合作社的视角

银行作为我国信用融资的主体机构,对贷款的审核和发放有严格的要求。为帮助中小企业顺利度过成长的瓶颈期,上海张江高科技园区商会专门成立了金融服务合作社,深入调研园区内中小企业的资金需求,集中力量在“企业与金融机构的对接上”寻找突破口,深入探索开展融资信用服务,积极推动“银企”合作。     

The Euro Bias of Bank Assets in the Eurozone

Abstract:

The integration of eurozone financial markets since the advent of the euro in 1999 has been the center of attention in policy debates and academic research. We analyze the bank assets of monetary financial institutions in Germany vis-à-vis nonresidents. The financial institutions of the eurozone countries have tended to invest in assets of other eurozone countries substantially more since the introduction of the euro. The euro effect is especially stronger in the weaker eurozone economies than in the stronger eurozone economies. Furthermore, the impact of the euro has been even greater in securities than in loans. In this paper, we use Bundesbank balance-of-payment statistics to analyze the euro’s effects on the asset portfolios of German banks vis-à-vis nonresidents.     

金融强粤战略选择：构建南方（中小企业）债券交易中心

与上海、北京等全国金融中心相比,广东应选择特色金融强粤道路。广东可依靠市场机制完善,民营经济发达、中小企业发展迅速的优势,先行先试构建南方（中小企业）债券交易中心,在突破债券融资瓶颈的基础上,通过整合债券发行市场,创新中小企业债券,实现中小企业债券组合等来完善拓宽中小企业债券融资途径。为此,短期须降低债券市场准入门槛,控制债券市场风险;长期须完善二级交易市场,信息披露监管制度,投资者保护制度。     

中小企业国际贸易融资方式的研究

中小企业国际贸易融资方式关于中小企业融资的探讨,国内外研究较多。从国际贸易视角出发,通过对中小企业国际贸易融资方式进行分析,借鉴美国和日本先进经验,为中国中小企业发展壮大提供参考。     

金融危机前后江苏中小企业法律政策环境的比较分析——以私营企业为例

中小企业在总量上占我国GDP、劳动就业、财政税收、技术创新等方面50%及以上比重,它们对中国经济的稳定和转型升级非常重要。中小企业的诞生和发展与国内法律政策环境的变化息息相关。通过国家和地方层面环境因素与江苏私营企业发展的相关性分析,比较金融危机前后法律政策环境对私营企业发展规模和盈利能力的影响情况,可以看出法律政策环境的变化在金融危机爆发后确实对江苏中小企业发展起到了一定的影响作用。尤其是国家层面,对协助中小企业摆脱危机导致的进出口负面影响卓有成效,但企业自身盈利能力和自主发展能力无法依赖法律政策环境,需从企业自身寻找出路。本文的创新点在于,阐述政策环境对企业发展具有有限作用,它与企业的盈利能力和自主发展能力相辅相成。     

IT-Software SMEs in China,Technology Transfer from Universities and Entrepreneurship,a Successful Nexus？

Drawing on the empirical work of a broader study, this paper examines whether technology is being successfully transferred from universities to the IT-sottware SMEs present in China, and the effectiveness of entrepreneurship in effecting such transfers. A conceptual framework was generated to guide the investigation. Data were elicited using a detailed questionnaire which generated 53 usable responses; follow-up interviews with 17 of the 53 respondents; and four interviews with relevant government officials （civil servants from the Ministry of Science and Technology and state-owned banks）. There were three main fmdings. Chinese software SMEs tend to be reluctant to adopt new technologies from local tmiversities; there is a lack of common purpose between the parties; and entrepreneurs who did undertake such technology transfer felt the process was badly impeded by the lack of available finance, and expressed fears about poor protection of intellectual property rights in China. The majority of the sample firms acted opportunistically, taking advantage of the benefits offered under government schemes to earn rapid returns mainly using extant technologies. These conclusions suggest that the Chinese government＇s policies in this area of technology transfer have had only limited success.     

中小企业银行模式的国际比较及其历史经验批判——兼论我国科技银行的设立

中小企业融资的困难在于银行资金的安全性和中小企业风险性之间的矛盾,解决这个矛盾有两条路径,一个是风险资金以银行形式向中小企业贷款;另一条路径是通过担保机构过滤风险。由于中小企业的外部性问题,担保机构可由国家财政扶持的中介机构来担当。以这个理论框架作为基础,本文对世界上几个典型的中小企业专业银行进行了全面考察,并对我国商业银行为中小企业贷款的历史和目前成立的科技支行的现状进行了分析,提出了政府的政策性支持和商业银行的商业性融资在中小企业内部结合,而不是在商业银行内部结合的观点,对我国商业银行对中小企业融资和政府对中小企业政策性支持都具有一定的现实意义。     

How Does Financial Literacy Impact Attitude Toward Student Loan Providers?

ABSTRACT

We examined whether financial literacy changes college students' assessments of their student-loan providers. As predictors in our backward regression, we included (a) financial literacy, (b) perceived importance of loan, (c) satisfaction with college, (d) financial optimism, (e) experience using credit cards, and (f) perceived importance of decisions about credit cards. We also included two-way interactions between financial literacy and the other variables. Our regression explained about 24% of the variance in the dependent variable. Our results indicated that financial literacy was a significant predictor of attitude toward the student loan provider—but only in the interaction terms.     

The impact of hiring top workers on productivity: what is the role of absorptive capacity?

We examine the heterogeneous productivity impacts of hiring top workers on small and medium-sized enterprises, exploiting matched employer–employee panel data and employing within-firm as well as matching and difference-in-difference estimators. The results provide robust evidence that the productivity impact is stronger for firms with higher absorptive capacity. Technological laggards within an industry benefit more strongly from hiring top workers if their workforce is more well-educated.