上市公司可转换债券融资决策影响因素研究

可转换债券是一把双刃剑,为避免众多上市公司出于对资金的强烈欲望,而盲目跟风发行可转换债券,有必要引导上市公司正确、合理运用这种融资工具.本文选择融资决策影响因素作为着眼点,对我国上市公司发行可转换债券的影响因素进行了分析,并提出了相关政策建议.     

上市公司可转换债券融资决策影响因素研究

可转换债券是一把双刃剑，为避免众多上市公司出于对资金的强烈欲望，而盲目跟风发行可转换债券，有必要引导上市公司正确、合理运用这种融资工具。本文选择融资决策影响因素作为着眼点，对我国上市公司发行可转换债券的影响因素进行了分析，并提出了相关政策建议。     

浅议境外债券融资策略

我国大规模经济建设,需要通过国际资本市场筹措大量的外资来弥补国内资金供给的缺口。国际、国内资本市场虽然给我们提供了境外债券融资的良好环境和大好时机,但由于我国利用国际债券融资的历史不长（１９８２年１月我国首次在日本东京发行外国债券）,操作经验有待提高...     

我国中小企业债券融资困境及对策

文章简述了中小企业的主要债券类型,分析了中小企业债券融资困境,提出了相应的对策。     

可转换债券融资的市场状况及制约因素分析

可转换债券经历了一个时期的发展后已初具规模，但市场状况并不理想，这种现状的产生的有其特定的原因，包括现期股市走势不佳、产品制定存在许多不合理的地方以及市场投资的短期投机行为。而作为一种新的融资工具，转债要想在我国取得进一步的发展也面临众多潜在因素的制约。     

发展债券融资 促进国企改革

发展债券融资促进国企改革●陈元燮一、我国债券融资处于低谷之中在社会主义市场经济体制下,企业融资将逐步从间接融资转向直接融资。股票融资和债券资是企业直接融资的两大渠道,但是近年来股票融资直线上扬,受到社会普遍重视,十分红火;而债券融资一直处于低谷之中,...     

企业类债券的融资特点及其会计核算

我国常见的债券种类主要有企业债、中期票据、短期融资券以及公司债。企业类债券就是这四种债券品种的合称。近几年来,我国企业类的债券市场发展相当迅速,企业类债券的发行额所占债券品种的比例正在逐年上升,但是,企业债的会计核算工作还有待规范。本文将主要介绍企业类债券的融资特点、企业会计准则的规范、企业类债券的会计核算现状以及规范会计核算的建议。希望能够为企业的发展提供一些有益的建议和意见。     

企业类债券的融资特点及其会计核算

我国常见的债券种类主要有企业债、中期票据、短期融资券以及公司债。企业类债券就是这四种债券品种的合称。近几年来,我国企业类的债券市场发展相当迅速,企业类债券的发行额所占债券品种的比例正在逐年上升,但是,企业债的会计核算工作还有待规范。本文将主要介绍企业类债券的融资特点、企业会计准则的规范、企业类债券的会计核算现状以及规范会计核算的建议。希望能够为企业的发展提供一些有益的建议和意见。     

我国发行国际债券融资的现状,问题及对策

国际债券融资是指通过在国际证券市场上发行债券的方式筹措资金。我国是一个资金短缺的发展中国家,积极拓宽融资渠道引进外资是我国经济发展的战略目标之一。我国目前引进外资主要有三种方式,即国际直接投资、国际信贷融资和国际证券融资。前两种方式是传统经济体制下引进外资的主要渠道,对促进我国经济增长有着十分重要的作用。但是我们不能不看到:第一,     

地方政府利用债券融资促进基础设施建设探析

市政债券融资作为国际上基础设施融资的主要途径之一，能为有巨大资金需求的城市基础设施建设开辟新的融资渠道，我国已经初步具备了发行市政债券的必要性和基本条件，因此可以考虑选择一些经济发展水平较高，财政收入有保障，债券市场发展较成熟，拥有较广泛的债券投资群体的城市作为试点，发行地方政府债券。     

维护公共健康期待公民的责任自觉

公共健康是一个群体性的健康问题。传染病、生活方式和环境卫生都是影响公共健康的重要因素。防止传染病的扩散和生活方式病的产生以及环境卫生的优化都需要公民的责任自觉。依靠公民的责任自觉可以尽量地减少人为因素造成的公共健康问题,这不仅可以提高所有公民的生活质量,而且无形中为政府节省大批的公共健康治理成本。从健康利益与责任的公平分配来看,公民的责任自觉是实现健康公平的一个重要途径。     

Funding Australian Universities

This article sets out the principles that should govern university funding, outlines the extent to which current funding arrangements meet these principles, and examines alternative funding models that would encourage flexibility and diversity in universities.     

Religious Charities and Government Funding

The government has the responsibility of providing a social service to its citizens. It decides whether to award funds to a religious nonprofit, secular nonprofit, or to produce the service itself. Religious charities are willing to provide the service at lower costs if they can use the funds as an opportunity to proselytize their doctrine. This proselytizing alters the religious preferences of believers in society. In a situation of equal grants to religious charities, this has the consequence of reducing the number of extremists. Furthermore, conservative religious denominations may discriminate against non-religious individuals in the provision of the social service.     

走近可转换债券

一、可转换债券及其本质特征可转换债券是指债券持有者可在一定时期内，将债券兑换成预定数目的公司股票的债券，通常为定息债券，但票面利率比普通债券低。就其本质而言，可转换债券是公司的债券和股票期权的组合体，兼备债券属性和期权属性。一方面，它赋予投资者一种选择权，即在规定期限内，若发行公司经营业绩好、股价上涨，投资者可选择按预定价格将手中持有的债券转换成一定数量的股票，从而可获得较高的风险回报，当然，他们也可放弃这种转换权利，任何公司都不得强制投资者进行转换，另一方面，它具有明显的债券特征，这体现在它附…     

Public Funding of Political Parties

This paper studies the typical European system for public funding of parties, where parties receive public funds depending on their vote share. These funds finance electoral campaigns. It is shown that such a funding system increases policy convergence. The effect is larger, the more funding depends on vote shares. If the parties have access to other means of campaign finance given in a lump‐sum way, the effect is moderated.     

Issues in Commonwealth–State Funding

This article discusses equity, efficiency, and simplicity and transparency issues posed by Australia's system of Commonwealth grants to the States, a system which applies a very strong form of 'horizontal fiscal equalisation'.     

Economic Growth and Medicare Funding Systems

This article compares the long-run effects of changes in health conditions, population growth, price of medical care, and Medicare indemnity rate on capital formation and medical expenditures under fully funded and pay-as-you-go Medicare. Surprisingly, it is found that population growth, rising medical prices, and increasingly adverse health conditions may or may not raise medical expenditures in the long run. Moreover, the directions of some of these effects under the pay-as-you-go Medicare system are reversed under the fully funded system. Finally, it is shown that fully funded Medicare results in higher steady-state capital than pay-as-you-go Medicare; however, the welfare effect of the former may or may not be higher than that of the latter in general. (JEL H550 , E620 )     

Funding Versus Control in Intergovernmental Relations

Governmental programs are occasionally required by one level of government in a federal system, but funded through taxes or fees raised at another level. This arrangement creates opportunities for one government to exploit the fund-raising capabilities of another. But separating the functions of mandating and funding the program may, in some instances, generate a more efficient allocation of collective goods. A review of mechanisms that might be used to restrict this arrangement to situations in which efficient collective goods provision can be assured reveals that the relationship between central and decentralized governments provides the best protection against exploitation.