内部控制新发展——ERM概念框架

鉴于内部控制在面对因企业内外部原因产生的风险而力不从心,COSO发布了《企业风险管理(ERM)——综合框架》。本文结合英国风险管理协会发布的风险管理准则,对ERM的概念、要素等进行了介绍和分析。     

Hong Kong's exchange rate regime:: Lessons from Singapore

Singapore's managed floating exchange rate regime contrasts with Hong Kong's currency board system featured by the Hong Kong–United States dollars peg. This paper appraises the two different exchange rate regimes by comparing their track records in maintaining macroeconomic stability and trade competitiveness in the 1990s. A review of the two regimes' institutional characteristics and macroeconomic performance reveals the systemic inadequacy of Hong Kong's exchange rate regime under a changing global financial environment. As East Asia emerges from the recent financial crisis, Singapore's experience of successfully moving away from a currency board system to a credible managed floating regime offers a lesson worthy of attention from Hong Kong.     

ZP-Stichwort: Offshoring

Ohne Zusammenfassung     

金汇通：创意全驱动

＂这个世界本身没有什么传奇,我们只是让更多人知道了一个事实!＂ ——摘自＂金汇通创意发展·中国＂主页 题记中的言语似乎太过自信。能如此＂非典型＂谦虚地自我介绍的＂金汇通创意发展·中国＂（下简称金汇通）——究竟是一个怎样的企业？     

ZP-stichwort: Percentage-of-completion-methode

Ohne Zusammenfassung

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ZP-stichwort: Percentage-of-completion-methode

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Der Verfasser dankt Herrn Dipl.-Kfm. Thomas Wernicke für die konstruktiven Anregungen bei der kritischen Durchsicht des Manuskripts.     

中小民营企业融资到底难在哪里——基于广东中小民营企业融资渠道的实证分析

文章从现有融资渠道及其结构状况与特点、不同资产规模企业的融资渠道结构差异比较、不同地区企业的融资渠道结构差异比较三个角度,对广东中小民营企业融资渠道的状况与特征进行实证分析。结果表明融资难问题突出表现在:短期资金融资难度降低,但长期权益性资本严重短缺;中小民营企业中做大的企业融资困难得到缓解,但其他中小企业融资仍十分困难;发达地区资金相对充足,欠发达地区中小民营企业融资困难。     

Correction to: Services versus goods trade: a firm-level comparison

Review of World Economics - In the original publication of the paper, the below lines were wrongly publishes on page 22 as: Over that period Belgian firms were obliged to declare to the NBB any...     

必要性与制度安排:对中国存款保险制度的思考

银行业是金融体系中最为脆弱的部门,因为银行业通过持有流动性负债和相对缺乏流动性的资产来提供金融服务,而它又必须保证满足大量存款人的提款要求。如果有存款人认为银行不能满足其提款要求时,会尽快提走存款,一旦这种预期波及开来形成挤兑,将对银行业以及经济体系造成破坏。