Accounting for control and trust building in interfirm transactional relationships

This paper theorises the accounting-control-trust nexus in interfirm transactional relationships. In the context of such relationships, accounting has predominantly been conceptualised as a control technology. However, in our paper we analyse stable and durable relationships as being the results of interaction between control and trust building. Such an analysis calls for an additional conceptualisation of accounting as a trust building technology. Furthermore, we explain the interaction between accounting for control and accounting for trust building in the context of a process of embedded agency.     

IPOs and long-term relationships: an advantage of book building

There is a global trend in initial public offerings toward theincreased use of book building. Relative to other methods suchas auctions, a key feature of book building is that the underwriterhas total discretion in allocating shares, allowing allocationsto be based on long-term relationships between underwritersand investors. In a multiperiod model with endogenous (and costly)information acquisition. I show that the underwriter's abilityto lower underpricing depends largely on its ability to favorregular uninformed investors. One implication is that the hybridbook building/open offer method, which is becoming increasinglypopular internationally, will lead to higher underpricing thanstraight book building.     

Internal liquidity risk,financial bullwhip effects,and corporate bond yield spreads: Supply chain perspectives

This study explores internal liquidity risk (ILR) and financial bullwhip effects on corporate bond yield spreads along supply chain counterparties by employing American market data from year 1997 to 2008. This study finds that the ILRs of suppliers and customers positively affect a firm’s bond yield spreads and the effects of customers’ ILRs are greater. This research also finds a financial bullwhip effect that the ILR effect becomes greater upwardly along the supply chain counterparties. The results are robust when controlling for well-known spread determinant variables.     

楼价是印出来的吗？

自8月1日起,审计署已组织全国审计机关对政府性债务进行“全面审计”。
　　自改革开放至今,在中国,从来没有任何一个历史时期,资产价格产生过如此之大的经济隐患,而且目前似乎任何地方任何省市（包括金融系统）,都无法给我们一个比较具体、比较精确、比较可信的数据--闹了半天,原来谁都不知道,我国地方债的规模,到底有多大？     

X.25链路阻塞与LAPB参数调整

一、X.25数据通信规程概述 X.25数据通信规程是国际电信联盟的建议标准,它用分组格式传输和交换数据的规程,定义了数据终端设备(DTE)和数据电路终端接收设备(DCE)之间的接口标准.数据通过基于分组网络交换技术的X.25协议被分组,并在分组交换网上进行传输.X.25网络设备分为DTE、DCE及PSE(分组交换设备).     

Self-reflexive challenges of integrative futures

Contrasts the approach to “futures” characteristic of Ken Wilber, and Integral Futures, with the approach taken by David Lorimer, and the Scientific and Medical Network. The differences between these approaches, for any integrative understanding of futures, are presented as arising from stylistic preferences and biases which are usefully highlighted with a range of metaphors. These however highlight the challenge of any more integrative understanding, especially in the light of hidden dynamics of exclusion in a questionable effort to demonstrate that one approach is “better” than another in a complex human endeavour—especially when the future is sensed strategically through other metaphors than “vision”. Consideration is given to the possible use of a pattern language to address such issues, especially given questions regarding the adequacy of text on a conventional surface to hold complex significance and interrelationships. It is concluded that integrative futures is then the strange quest for how cognitively to embody the extremes represented by Wilber and Lorimer in the present—to evoke the greater harmony through engaging creatively with the dissonant pattern of imperfections.     

New challenges for futures studies

Challenges coming from futures studies to other disciplines because of the rapidity and inter-relatedness of changes for which no discipline on its own can face the different correlated and global challenges, will be examined mainly in relation to social sciences. social sciences on the other hand reflect the need to overcome fragmentation within each discipline and between the various social sciences, in an effort at least of interdisciplinarity to face the growing uncertainty in decision making at every level: local, national and international. Social sciences are also slowly realising that a future oriented perspective is needed to empower analysis and actually reflect society in its continuous dynamicity. Citizens need the possibility to live within the rapidity of changes in the Information Society through the availability of futures studies in different forms as well as social analysis that is dynamic and interdisciplinary. The special link between society and ecological issues in a future oriented perspective will be the specific area to express the relevancy of the correlation between futures studies and social sciences.     

Three challenges for public finance

Conclusions There is one common thread that runs through all three of these challenges. It is a plea to look beyond the standard model of taxation in which it is assumed that the taxed goods directly enter into individuals' utility functions or firms' production functions. At a very basic level this assumption is incorrect because what is taxed is what the taxpayer reports or the tax agency observes, not what the taxpayer consumes or the firm uses and produces. Thus we must analyze tax systems in which the compliance and enforcement elements are explicit.This focus is especially important for international taxation issues because of the difficulty of taxing nonresidents' income and the foreign-source income of domestic residents. It is inevitable that tax systems are designed with these practical difficulties in mind, and, in order to participate fully in the policy debates, economists ought to think carefully about these issues.The distinction may also hold the key to making sense of the empirical evidence about the impact of the U. S. tax changes of the 1980s. There are many avenues of response to tax rate changes other than changing one's consumption bundle or input mix; we need to think hard about whether these responses preclude or merely accompany the real responses that are of ultimate interest.If public finance is to decline in the 1990s, it will not be because of a lack of intellectually exciting challenges that confront us. There are many such challenges, and I am confident that they will attract the attention of both newly minted and well circulated economists.     

巨额热钱“烤”验中国

由于人民币的强烈升值预期,大量热钱披着合法的外衣涌入国内,它们直接“混入”国际收支平衡表的经常或资本与金融项目下,这已超出了“错误和遗漏”项目的“管辖”范围,使热钱具有很强的隐蔽性     

价值链视角下的保险连锁营销模式研究

保险连锁营销模式是金融领域的一次重大创新。本文从价值链理论出发,分析了保险连锁营销模式的本质特征、运作特点,深入探讨了连锁营销网络如何整合保险企业资源,推动保险企业的流程优化和组织再造,指出连锁营销模式有利于实现保险企业的价值创造。     

老树著新花 市场竞风流——工行江苏省如东县桥茶支行员工职业价值体现侧记

人到（过）中年,他们并不因激烈的市场竞争和沉重的工作压力而使进取意志衰退,相反,他们因此而变得更加充满信心．倍增积极向上的勇气,永争第一的霸气,舍我其谁的胆气!很好地提升了中年员工的职业价值。     

做好加减法促进消费信贷业务实现新突破

近两年,工行河北省秦皇岛分行把发展消费信贷业务纳入经营战略地位,紧紧抓住城镇化建设带来的历史机遇,加大市场拓展力度,加快经营转型步伐,着力提升核心竞争力、可持续发展能力及风险控制能力,一举夺得余额和增量占比双第一的大行地位,实现消费信贷业务的新跨越,为打造区域强行奠定了坚实的基础。2008年末,消费贷款余额同业占比为44．78％,增量同业占比为219％,     

借“创建”东风促业务发展——工行海南省分行营业部琼山支行创建学习型银行纪实

工行海口琼山支行十分重视创建学习型银行工作,把提高员工队伍的综合素质作为一项兴行工程,纳入全行总体发展规划,通过建立健全组织机制,加强学习培训,做到学以致用,探索依靠提高素质推动业务发展的经营之路,成效十分显著。据统计,2008年,该行拨备后利润已完成年计划的139％,成本收入比为29．1％,同比下降了15．27个百分点;人民币各项存款完成年计划214．6％,中间业务收入同比增加35％,     

创新是发展的动力源

近两年,对于工行邯郸分行来说是“加快转型发展,打造区域强行”的两年。市场竞争能力明显增强了,些主营业务市场位次进一步巩固和提升。截止2008年末,各项存款、贷款增量占比均居同业首位。其中个人住房贷款累放额、余额、净增额三项指标均实现同业首位。票据贴现由第三位上升至第二位。中旬业务收入突破亿元,同比增加1993万元;信用卡发卡量和交易额两项指标双双迈入全国工行系统20强,有效提升了该行的市场竞争力与影响力。     

擦亮“财智融通”品牌——工行湖北省十堰分行依托品牌优势拓展小企业信贷业务

在2007年12月20日总行推出“财智融通”中小企业服务品牌之后,工行湖北省十堰分行以品牌为依托,着力“八个创新”,大力拓展小企业信贷市场,得到市委市政府、市银监局、市人行和省分行的充分肯定。2008年,累计发放小企业贷款35063万元,年末,该行建立融资关系的小企业有109户,有贷款余额小企业78户,贷款余额34890万元,创下了小企业贷款余额、贷款户数、累计投放“三项指标”全省第一的好成绩。     

创新管理 跃升嬗变——工行河南省洛阳分行实行税务集中管理的实践与成效

近几年来,工行洛阳分行认真贯彻落实总行应税事务管理政策,不断深化税务管理理念,大胆改革创新,推行税务集中,完善纳税制度,优化纳税流程,规范纳税行为,降低税务成本,努力防范风险,提高管理水平。经过三年来的努力,应税管理成效逐年显现。2005年,被河南省政府评为“诚信纳税单位”：2007年、2008年,连续两年被洛阳市国税地税两系统联合评为“A级纳税人”,《洛阳日报》对此进行了诚信纳税形象宣传。     

只要努力一切皆有可能——工行嘉兴分行创参加全省业务技术比赛佳绩

在去年举办的全省第十一届业务技术比赛中,工行嘉兴分行选手顽强拼搏,奋勇争先,取得了团体第三名的优异成绩,创造了该行参加全省业务技术比赛以来的最好成绩。然而,当该行党委决定将比赛列入“攻坚克难”项目,提出“保三争二”的目标时,许多员工都认为这是一项不可能完成的任务,因为该行历年的最好成绩是第五名。但经过全行员工和全体选手、教练员三个月的共同努力,     

勇敢地迎接入世的挑战

当注册会计师执业界还在努力适应由脱钩改制带来的冲击,各事务所的人员、组织结构还在进一步地整合、调适的时候,另一场更大的风暴--WTO的巨浪已在向我们迎面扑来.