Cooperatives, regulation and competition in Norwegian agriculture

This article analyses the efficiency of current market regulations and market structure in Norwegian agriculture. Based on their potential to coordinate farmers' supplies, large marketing cooperatives are assigned a market regulation role. However, market prices frequently tend to fall below target prices, spurring costly additional market regulations. This is not necessarily a result of inefficient coordination by the cooperative. Using a mixed market model, the study shows that over production may be explained by the competition between marketing cooperatives and investor-owned wholesalers (IOW), typically weakening the cooperatives' ability to coordinate market supply. This conclusion is robust over a variety of IOW contracts. However, to what extent competition is to blame, depends on the target price level and the contract structure of the IOW. Moreover, it is shown that current market interventions to remove excess supplies may induce further incentives to increase production.     

英国国际投资环境解析及其启示

该运用国际投资环境理论剖析了英国在营造其国际投资环境上成功独到的做法：秉承地域之便、实现制度创新、凸现资本效果以及支持性产业互动发展。以此为借鉴，在立足广东，着重围绕以入世为契机，发挥广东特殊的地利优势、打造国际引资环境、提高人才素质、规范人才市场以及努力消除跨化差异等几个方面提出了应对之策。     

Investment Opportunity Set and Voluntary Disclosure of Prospective Information: A Simultaneous Equations Approach

Abstract:   This paper examines empirically the relationship between the level of disclosure of prospective information and the investment opportunity set for firms in New Zealand. Using a systems (two‐stage least squares) approach that explicitly controls for potential endogeneity between disclosure and IOS, we find that the level of prospective information disclosure is significantly and positively related to IOS in both specifications in our simultaneous analysis. Further, we document that prospective information disclosure is positively related to firm size and new security offerings, and is not related to inside ownership and firm profitability. IOS is positively impacted by a firm's investments in fixed assets and its profitability. Finally, we find that forward looking disclosure levels are positively related to the proportion of outside directors on the board and negatively related to barriers to entry, but these findings are not robust across alternative model specifications.     

外商投资就业效应的理论与实证观察

西方发展经济学中的储蓄缺口、外汇缺口和双缺口理论提出了开放经济条件下,通过利用外资促进经济增长,从而增加就业的可能性。本文结合中国利用外资增加就业的现实,针对性的从增加就业的角度分析了当前中国利用外资应注意的问题。     

西方产业竞争理论来源研究与启示

在开放经济条件下,对一国经济如何适应、利用国际直接投资发展,实施商品生产要素国际国内配置相结合的大开放战略研究尚不多见。因此,如何借鉴运用西方产业竞争理论、指导处于发展中国家加快形成产业升级和产业竞争力互动机制,分析影响产业竞争力的因素变化,培育和形成产业竞     

"两税"并轨对我国引进外国直接投资的影响

由于目前我国来自香港、台湾地区的直接投资以及一些国际避税地的外国直接投资占绝大多数,已将近总额的60%,因此,提高外资企业所得税率很可能会导致大量外资流向周边低税国家,从而对我国引进外资的总量产生较大影响。所以我们对税收优惠的调整在时间上和优惠方式的取舍上,都应有一个平稳的过渡,使我国对外开放和引进外资的政策保持延续性。     

资产负债表债务法突破长期股权投资税务差异瓶颈分析

长期股权投资业务会计和税务对收益的规定有很大的差别,非一般意义上的时间性差异和永久性差异,运用传统递延法和债务法有局限性。随着会计环境的改变,资产负债观逐渐取代了收入费用观,衍生出资产负债表债务法确认暂时性差异,我国也在所得税准则中提出运用此方法。本文对资产负债表债务法如何对传统方法在长期股权投资运用的局限性进行改善方面进行了分析。     

房地产项目的投资决策分析流程再造研究

章介绍了业务流程再造的基本内涵，并就房地产项目的投资决策分析流程进行重点研究，对房地产项目的投资决策分析流程进行了重新构建。     

Investment in private water development: Property rights and contractual opportunism during the California Gold Rush

This paper explores the development of water supplies by private ditch companies during the California Gold Rush. Using data taken from newspaper stories, mining camp by-laws, and state Supreme Court and district court cases, the paper documents the presence of institutional conditions that were unfavorable to support private water investments including property rights uncertainty, imperfect capital markets, and significant contractual enforcement costs that may have provided opportunities for contractual holdup by miners. Some evidence suggests that water development was likely discouraged to some extent. Nevertheless, the larger response was a major expansion in water supplies through an extensive ditch system, suggesting that there were factors that limited the ability of miners to capture rents, including various ditch company strategies to limit their exposure to opportunistic behavior and recognition by miners of their reliance on ditch companies.