企业风险管理的重心：董事会风险管理

本文从委托代理理论出发，根据董事会在公司治理中的作用，探讨了董事会风险管理的主要职责和内容．并提出了董事会风险管理的实现途径。     

强化我国企业集团财务风险管理的若干思考

本文在剖析企业集团财务风险成因的基础上,提出财务风险管理处于各种风险管理的核心地位的观点,并从战略财务、组织、内控、预警、考核、信息和文化等方面,提出如何强化企业集团财务风险管理的相关建议.     

我国民营银行风险管理的相关问题探讨

分析我国民营所面临的各种风险，并以此作为民营银行风险管理举措的理论基础。阐释了民营银行现阶段的生存发展环境，从银行内部环境到外部环境逐层分析实行风险监控的必要性和各项措施。     

我国社会保障基金投资运营的风险管理与控制

随着人类文明程度的不断提高,世界范围内的人口老龄化不断加剧,我国已步入了未富先老的国家行列,相应的社会保障基金的支付能力面临严峻挑战。为了社会保障基金的保值增值,社会保障基金进入资本市场已成为大势所趋,但社会保障基金会面临着极高的投资运营风险。本文从内部与外部两方面,对社会保障基金投资运营中面临的风险进行了系统的分析,并给出相应的风险管理与控制的具体措施。     

我国商业银行利率风险管理浅论

在利率管制条件下，利率的变动平稳且易于预测，利率风险不是商业银行的主要风险，利率管理是商业银行的附属职能。而利率市场化后，利率更多受市场规律的影响，遵循市场规律运行，利率的变动频繁且难以预测，利率风险随之上升为银行的主要风险。随着我国利率市场化进程的加快，商业银行将不得不面对利率波动的风险，其目前的利率风险管理水平会受到严峻的挑战。本分析了当前我国商业银行利率风险管理中存在的问题，探索了适合中国国情的利率风险管理方法。     

集团公司风险管理与控制研究

集团公司的风险管理和控制中可能存在的风险问题体现在集团业务分散化和集团公司旗下的子公司可能存在的发展风险中。在集团公司中,由于其分散的特性和非直接入手管理的模式,董事会权威也存在着受到挑战的可能。在对子公司的管理上,集团公司还需要建立上下快速传达的沟通渠道,防止渠道沟通不畅带来的信息受阻问题,影响集团公司旗下子公司的发展,增大集团公司的总体性风险。     

河南油田从内控到全面风险管理跨越的探讨

全面风险管理,就是企业围绕总体经营目标,通过在企业管理的各个环节和经营过程执行风险管理的基本流程,培育良好的风险管理文化,建立全面风险管理体系,从而为实现风险控制的总体目标提供保证的过程和方法。河南油田已实行的内控制度给全面风险管理打下了良好的基础,从而在构筑、实施全面风险管理上可以走出一条捷径。     

浅谈工程建设项目中的风险管理

本文简述了工程建设项目中风险管理的重要性,解释了风险管理的概念,介绍了项目各个阶段存在的风险,从风险管理机制的建立、风险的识别、分析及控制等方面提出了风险管理措施,保证项目的顺利进行。     

浅析我国商业银行信用卡风险管理

近年来,随着我国金融业的不断发展,我国银行信用卡市场发展速度非常迅猛.但受各种因素影响,商业银行在发展信用卡业务中面临的风险也越来越大.因此,有必要对我国信用卡风险问题进行一定深度的分析研究,以保证商业银行健康、有序、平稳的发展.     

加强社保基金管理,提高投资收益

2006年上海社保基金案东窗事发,涉案金额达百亿人民币,由于社保基金牵涉老百姓日后生计,关系到社会稳定,一时之间,该案成为社会关注的焦点.但不可否认,在我国社保资金存在巨大缺口的压力下,将社保基金用于投资赚取收益并没有错.这一案件提醒我们,不能因为社保基金的特殊性,就忽略社保基金的投资管理.随着我国社保基金规模不断变大,投资领域和方式的不断出新,加强社保基金投资管理,非常关键.     

加强社保基金管理，提高投资收益

2006年上海社保基金案东窗事发，涉案金额达百亿人民币，由于社保基金牵涉老百姓日后生计，关系到社会稳定，一时之间，该案成为社会关注的焦点。但不可否认，在我国社保资金存在巨大缺口的压力下，将社保基金用于投资赚取收益并没有错。这一案件提醒我们，不能因为社保基金的特殊性，就忽略社保基金的投资管理。随着我国社保基金规模不断变大，投资领域和方式的不断出新，加强社保基金投资管理，非常关键。     

On economic and social policy

The end of busing of primary and secondary school students has been a major setback for integration of public schools in the USA. The purpose of this paper is not to offer an alternative to busing; regrettably, no obvious alternative stands out. Rather, it is to offer some social, legal and economic background to help the reader consider, and perhaps propose, realistic alternatives that would reduce both racial and economic segregation in our schools and society. The paper is divided into three sections. The first offers background information useful for better understanding and evaluating the end of busing and school resegregation. The second section focuses on an important parallel between racial and economic discrimination. The closing section introduces considerations important for anticipating reactions to, and the costs and benefits of, alternatives to busing for reintegrating schools, as well as several recommendations to which those considerations can be applied.     

Genetic engineering in agriculture: New approaches for risk management through sustainability reporting

Genetically modified crops and foodstuff have been highly controversial for environmental, health, and ethical reasons. The controversies have been worldwide, but most prominent in the European Union, for reasons that include distrust of the regulatory authorities, scientists and technocratic decision making. An informal moratorium in the EU came recently to an end, without solving the underlying problems. In response to the criticisms, the European governments have attempted to improve the risk assessment methods and their scientific basis, and to tailor public policies to the growing demand for transparency, accountability, and public participation.This paper proposes a novel approach to including the public in evaluating the impacts of food and agricultural biotechnology and present and future applications modeled after the growing practice of sustainability reporting by companies. The most visible among those, Global Reporting Initiative (GRI), when implemented properly, includes a wide range of stakeholders, including the financial institutions, companies, NGOs and the civil society, in an interactive multi-stakeholder discourse and collaboration. The reporting exercise would open the discussion about the R&D around new GMO products, and could mitigate potential adverse effects in an early stage (Constructive Technology Assessment). We specifically propose initiating a broadly based societal initiative aimed at developing of a new sectoral supplement of GRI Guidelines, specifically designed for the food and agricultural biotechnology sector.This approach can be conceptualized as experimentation on a small scale with a multitude of stakeholders involved (Bounded Socio-Technical Experiment or BSTE) which is an effective venue for higher-order learning among participants. Sustainability reports and BSTEs have been so far applied in limited cases, none of which included highly controversial technologies such as biotechnology; they need further elaboration and testing to become possibly highly effective concepts and tools for mitigating conflicts on the societal implications of emerging technologies, and to lead to better public policies and greater social trust.     

浅议发展社会工作对社会管理创新的意义

在欧美国家社会工作在社会管理方面担任着重要的角色。当前中国社会转型时期是把社会工作引入到社会管理创新的极好契机。应当通过传播社会工作理念、建设社会工作人才队伍、培育民间社工组织机构、推行政府购买服务等途径推动社会工作发展,充分发挥社会工作具有亲和力和实效性、整合社会资源、调整社会心理和社会关系、推动党的群众工作变革等方面的优势和作用,为社会群体与居民提供专业化、个体化的优质社会服务,从而有力地推动了社会管理创新。     

Price vs. quantity-based approaches to airport congestion management

This paper analyzes price and quantity-based approaches to management of airport congestion, using a model where airlines are asymmetric and internalize congestion. Under these circumstances, optimal congestion tolls are differentiated across carriers, and a uniformity requirement on airport charges (as occurs when slots are sold or tolls are uniform) distorts carrier flight choices. Flight volumes tend to be too low for large carriers and too high for small carriers. But quantity-based regimes, where the airport authority allocates a fixed number of slots via free distribution or an auction, lead carriers to treat total flight volume (and thus congestion) as fixed, and this difference generates an efficient outcome as long as the number of slots is optimally chosen.     

Idiosyncratic risk and financial policy

In economies subject to uninsurable idiosyncratic risks, competitive equilibrium allocations are constrained inefficient: reallocations of assets support Pareto superior allocations. This is the case even if the asset market for the allocation of aggregate risks is complete.     

Monetary policy and country risk

This article develops an econometric model in order to study country risk behaviour for six emerging economies (Argentina, Mexico, Russia, Thailand, Korea and Indonesia), by expanding the country beta risk model of Harvey and Zhou (1993 Harvey, CR and Zhou, G. 1993. International asset pricing with alternative distributional specifications. Journal of Empirical Finance, 1: 107–31. [Crossref] , [Google Scholar]), Erb et al . (1996a, b) and Gangemi et al . (2000). Towards this end, we have analysed the impact of macroeconomic variables, especially monetary policy, upon country risk, by way of a time-varying parameter approach. The results indicate an unstable effect of monetary policy upon country risk in periods of crisis. However, this effect is stable in other periods, and the Favero–Giavazzi effect is not verified for all economies, with an opposite effect being observed in many cases.