山西省会计学会第八次会员代表大会在太原召开

山西省会计学会第八次会员代表大会于1月16日在太原隆重召开。来自全省会计界的137名代表参加了会议。山西省财政厅党组书记、厅长郑建国,山西省财政厅党组成员、总会计师常国华,山西省科协主席侯晋川、山西省     

千里之行始于足下 政府采购任重道远——专访山西省省级政府采购中心主任赵建新

自2003年1月政府采购法实施以来，山西省政府采购工作不断迈向新的阶段。最近，根据政府采购法机构设置管采分离的要求，山西省就省级政府采购机构进行了调整改革，由原隶属于山西省财政厅的山西政府采购中心和隶属于山西省机关事务管理局的山西省省级机关政府采购中心合并，组建了不隶属于任何行政机关的山西省省级政府采购中心，业务上接受同时成立的山西省省级政府采购管理委员会的领导，管委会主任由分管财政的副省长兼任，管委会办公室主任由财政厅厅长兼任，成员单位有山西省省委办公厅、省政府办公厅、省财政厅、省监察委员会、省审计厅和省政府机关事务管理局等。     

乘势而上 开创资产评估工作新局面——访山西省财政厅副巡视员牛成毅

引子：岁暮天寒,在这太阳仍散发着暖意的初冬季节,本刊记者采访了山西省评估行业的主管领导——财政厅副巡视员牛成毅。牛成毅副巡视员详细地介绍了山西省近年来评估行业的发展状况;明确指出了今后一个时期山西省评估行业的发展目标：抓住机遇,乘势而上,努力开创山西省资产评估工作新局面;并提出了山西省如何落实四代会精神的具体措施。     

全面推进农村财会人员培训

山西省农村财会人员教育培训工作是从2007年开始启动的。在山西省财政厅的领导和支持下,山西省会计函授学校率先进行了农村财会人员教育培训的试点工作,制定了抓典型、树榜样、     

关于我省推行会计委派制和会计账簿监管的情况与思考

１９９８年１１月３０日 ,山西省第九届人民代表大会常务委员会第六次会议通过了《山西省会计管理条例》 ;１９９９年５月１０日 ,山西省人民政府第四次常务会议通过了《山西省会计账簿监管办法》。随即山西省财政厅下发了《山西省会计委派制试点方案》和《山西省财务总监管理试行办法》两个文件。至此 ,会计委派制和会计账簿监管作为贯彻落实《山西省会计管理条件》的重头戏 ,在山西省全面铺开。一、关于会计委派制会计委派制是由政府财政部门直接对基层核算单位的会计人员实行委派和管理的一种新的管理体制。其作用和目的是要强化会计监督…     

山西省基本社会保障城乡一体化的思考

基本社会保障城乡一体化不仅是山西省国家综改试验区建设面临的问题,也是全国各省区面临的共同问题.本文在界定基本社会保障城乡一体化的基础上,构建了山西省基本社会保障城乡一体化的制度模式,测算了山西省基本社会保障城乡一体化的资金需求与供给,分析了山西省基本社会保障城乡一体化面临的矛盾与问题,提出了山西省基本社会保障城乡一体化的实现途径、步骤、任务与战略措施.     

《山西财税》征稿启事

《山西财税》（月刊）是由山西省财政厅主管、山西省财政科学研究所主办的财经类刊物,面向全国公开发行,为山西省二级期刊,国内统一刊号：CN14—1011／F。     

行业检查动态

山西省根据《山西省2007年资产评估机构执业质量检查工作方案》的安排．山西省评协执业质量自律检查实地检查工作截至7月17日．已完成70％．检查工作已近尾声。     

书法

王亚,汉族,1964年生,山西汾阳人。山西大学马克思主义哲学研究生,西北农林科技大学农业推广硕士学位。历任山西省政府办公厅秘书、副处长,省财政厅党组成员、副厅长,现任山西省农村信用社联合社党委书记、理事长,同时兼任山西省慈善总会副主席、山西省红十字会副会长、山西省书法家协会副主席、山西大众书画院副院长、董寿平书画研究会副会长。     

山西省利用外商直接投资现状分析

改革开放三十多年来,外商直接投资对山西省的经济发展起到了强有力的推动作用。本文通过阐述山西省利用外商直接投资的发展状况和吸引外资的现状,从引资规模、产业结构、来源方式分析了山西省在利用外资中存在的问题和不足,并针对性的提出了提升山西省利用外资的几点政策建议。     

Debt and Taxes and Uncertainty

With a graduated personal tax schedule, Miller showed that there could be an equilibrium debt supply for the corporate sector as a whole. In the presence of uncertainty there is also a unique debt/equity ratio for each individual firm, and this ratio is related to the firm's operational risk characteristics. However, if firms merge and spin off in response to tax incentives, the identity of firms is ambiguous and only the corporate sector is a meaningful construct. These arguments are developed in both discrete and continuous models that employ extensions of the arbitrage-free pricing theory.     

教育与资本怎样的前景怎样的现实

来自政府的声音: "动员各种社会资源,发展教育" 此次论坛上财政部长助理张少春的发言是最受关注的发言之一.他的演讲传达出的信息有这样几方面:第一,谈到现实,他认为全社会对教育的巨大需求与我国公共投入不足已成为我国教育事业发展的突出矛盾.近年来,以公共部门投入为主,多渠道筹措教育经费的教育投入机制成为解决这一问题的重要途径,也使得公共部门与私营部门在教育领域的合作日益密切.第二,谈到前景,他认为,1.中国经济持续、快速的增长对高技能人才产生巨大的需求,这为私营部门的参与提供了广阔空间.2.随着公共财政职能的不断完善,财政资金将在各项教育事业中重新进行分配,进一步优化财政支出结构,提高资金的使用效率.在"十一五"期间,我国将把公共支出的重点转移到农村.我们将逐步把全体农村适龄儿童的义务教育全部纳入公共财政体制.     

Director gender and mergers and acquisitions

Does director gender influence CEO empire building? Does it affect the bid premium paid for target firms? Less overconfident female directors less overestimate merger gains. As a result, firms with female directors are less likely to make acquisitions and if they do, pay lower bid premia. Using acquisition bids by S&P 1500 companies during 1997–2009 we find that each additional female director is associated with 7.6% fewer bids, and each additional female director on a bidder board reduces the bid premium paid by 15.4%. Our findings support the notion that female directors help create shareholder value through their influence on acquisition decisions. We also discuss other possible interpretations of our findings.     

Political corruption and mergers and acquisitions

This research examines the relation between political corruption and mergers and acquisitions (M&As). We find that local corruption increases firm acquisitiveness but decreases firm targetiveness. The levels of corruption in acquirer areas relate positively to the bid premiums and negatively to the likelihood of deal completion. Corruption motivates acquiring firms to use excess cash for payment, which mitigates the negative effect of corruption on acquirer shareholder value. The evidence indicates that acquisitions help acquiring firms convert cash into hard-to-extract assets and relocate assets from the high to low corruption areas, thereby shielding their liquid assets from expropriation by local officials.     

Trust and cross-border mergers and acquisitions

A number of studies suggest that social trust matters for investment. Using different measures of trust from World Values Survey, we show that countries where people display higher levels of trust engage in more cross-border M&A activities. When they do, these acquirers pay lower premiums. To the extent that these acquirers also tend to engage in larger acquisitions as well, our findings suggest that a larger selection pool of potential targets and higher value targets enable these acquirers to negotiate for lower premiums. We do not find evidence of the significant effect for target country trust levels. Hence, trust may benefit those acquiring firms in cross-border transactions.     

Tournament-based incentives and mergers and acquisitions

This research examines the relation between tournament-based incentives, which are proxied by the difference between a firm's CEO pay and the median pay of the senior managers, and mergers and acquisitions (M&As). We find that tournament-based incentives are positively related to firm acquisitiveness and acquiring firms' stock and operating performance. Further analysis indicates that positive acquisition performance increases the likelihood of the CEO being promoted from inside the acquiring firm. Our evidence is consistent with the view that tournament-based incentives motivate acquiring firms' managers to make greater efforts and take more risk that result in superior acquisition performance.     

Corporate Innovations and Mergers and Acquisitions

Using a large and unique patent‐merger data set over the period 1984 to 2006, we show that companies with large patent portfolios and low R&D expenses are acquirers, while companies with high R&D expenses and slow growth in patent output are targets. Further, technological overlap between firm pairs has a positive effect on transaction incidence, and this effect is reduced for firm pairs that overlap in product markets. We also show that acquirers with prior technological linkage to their target firms produce more patents afterwards. We conclude that synergies obtained from combining innovation capabilities are important drivers of acquisitions.     

East and west and north and south : A preliminary model

The Brandt report and other proposals for a new North-South world order continue to be the focus of lively debate, yet it is often argued that little concrete has emerged from their recommendations. A major reason for this, the author argues, is that the East-West conflict component is not sufficiently taken into consideration-East-West tensions are a severe constraint on and a determining factor of North-South relations. Using influence diagrams, the author develops a flexible framework for discussion and assessment of N/S-E/W relations.