对合(联)营企业中财务总监职能的探讨

合(联)营企业是指企业在人力资源、物力资源、财力资源的相互融合,主要目的是为了实现企业的利益最大化。而财务总监是企业财务管理的核心人物,财务总监是由企业股东派出或者代表企业股东行使管理监督权的高级管理人员,财务总监肩负着企业的资金整合和周转任务以及财务的安全管理和保值管理,主要任务是实现股东利益最大化。所以财务总监的实力水平直接和企业的发展挂钩,因此企业必须要完善财务总监的职能规划,才能实现企业的稳定发展。本文主要通过对合(联)营企业财务总监职能进行简要分析,探讨其存在的价值和必要性。     

集对分析(SPA)法下施工企业项目资金探析——基于某高速公路项目的案例

文章为了整体提升施工项目资金管理水平,引入了集对分析(SPA)分析法,以资金分析为研究起点,结合指标评价体系,建立资金风险评价指标体系,进行系统的纠偏分析.并结合案例,将集对分析(SPA)分析方法运用到其中,借此证明该分析方法的有效性,进而为项目财务管控提供新思路.     

对书记、县(市长)审计监督的新问题与对策初探

在对书记、县(市长)的宏观绩效型审计实践中,审计的内容也发生了深刻的变化,新问题也不断产生,需要我们不断开创未来.     

资本项目开放对经常项目的影响——基于中国经验的实证分析(1982～2004)

本文基于资本项目对经常项目影响机制分析的基础上,采用时间序列计量技术,在经常项目、资本项目、实际汇率和GDP等4个变量框架内实证分析了中国资本项目变动对经常项目的影响.结果显示,4个变量之间存在长期的协整关系,资本项目、实际汇率和GDP是经常项目的Granger因,资本项目顺差的扩大和实际汇率的贬值导致经常项目盈余增加,GDP的增加会减少经常项目顺差.其政策含义在于,可通过对资本项目等有关宏观经济变量的控制来有效地调节我国经常项目收支状况.     

新型阳离子聚丙烯酰胺P(AM-DAC)絮凝剂对煤泥浮选的试验研究

介绍了一种新型阳离子聚丙烯酰胺P(AM-DAC)絮凝剂,本文考察了大同地区某矿弱粘煤煤泥粒度组成和矿物组成,其中-0.074mm粒级灰分含量高达34.71%,且矿物主要为高岭土和石英。对比性浮选试验研究结果表明:新型阳离子聚丙烯酰胺P(AMDAC)絮凝剂浮选效果显著,精煤产率提高了8.28%、灰分降低了0.89%、浮选完善指标提高9.03%。同时分析了絮凝剂作用后煤泥的红外光谱。     

Analytic moments for GJR-GARCH (1, 1) processes

For a GJR-GARCH(1, 1) specification with a generic innovation distribution we derive analytic expressions for the first four conditional moments of the forward and aggregated returns and variances. Moments for the most commonly used GARCH models are stated as special cases. We also derive the limits of these moments as the time horizon increases, establishing regularity conditions for the moments of aggregated returns to converge to normal moments. A simulation study using these analytic moments produces approximate predictive distributions which are free from the bias affecting simulations. An empirical study using almost 30 years of daily equity index, exchange rate and interest rate data applies Johnson SU and Edgeworth expansion distribution fitting to our closed-form formulae for higher moments of returns.     

Heterogeneous Traders,the Leverage Effect and Volatility of the Chinese P2P Market

The new financial industry represented by peer-to-peer lending has gradually become a new source of volatility due to the increasing complexity of the Chinese financial market. This volatility leads to greater risk to P2P investors and has become the focus of the regulatory authorities in China. Based on the background data of the P2P platform, Honglingchuangtou, we use the factor analysis method to construct a platform volatility (PV) index and we construct an HAR model to study the heterogeneous traders and leverage effect in the Chinese P2P market. The empirical results show that there are both short-term and long-term heterogeneous traders in the Chinese P2P market and that long-term traders have the greatest impact on market volatility. Similar to traditional financial markets, the volatility of the P2P market also shows a leverage effect, which means that the negative volatility of trader actions should have a negative impact on market fluctuations. With regard to the leverage effect, the LHAR-PV model is superior because of a higher goodness of fit and a lower prediction error.     

Raising the bar (1)

In this editorial, we summarize and comment on the papers published in issue 11.1 so as to raise the bar in applied spatial economic research and highlight new trends. The first paper employs the J-test to discriminate between two economic-theoretical explanations for the wage curve. The second applies a two-step ML procedure to measure the impact of volatility on economic growth. The third tests for endogeneity in the Spatial lag of X (SLX) model and whether or not the model should be extended to contain a spatial lag. The fourth utilizes the gravity model to test whether or not grids should be merged into larger units of observations. Finally, the last adopts a time-space recursive model to test the ripple effect and (linguistic) border effect hypotheses on housing prices in Belgium.     

Raising the bar (2)

In this editorial we summarise and comment on the papers published in issue 11.2 so as to raise the bar in applied spatial economic research and highlight new trends. The first paper analyses which regions in Europe were resilient to the great Recession and which ones were not. The second and the third develop a competing-destinations gravity model to explain respectively which hospitals people go to depending on their residential location and which regions migrants go to on entering Europe. The fourth proposes a Bayesian approach to obtain likely values if data on certain spatial units are missing. Finally, the last paper tries to explain the spreading of people in sprawling cities.     

论P2P网络安全问题与对策

要实现P2P网络的健康发展,必须要有有效的安全保障。本文先对P2P进行浅述,将其与Internet进行简单的比较,进而分析了P2P网络的安全问题,并提出了一些相应的防御对策。     

碧海银沙惠安女（之一）

“黄斗笠、花头巾,暴露肚脐的蓝短衫,宽如灯笼的黑绸大折裤,腰间系着银裤链”,这奇而不俗、艳而有韵的惠安女服饰在汉民族服饰中独树一帜。     

(2) Assumptions

We continue to make our best guesses about likely policy developments which at this time broadly corresponds to "unchanged policy". Compared with our October projections we estimate that public expenditure is running at a higher level than previously expected and we assume that the higher level will be maintained in the future. As a result, there will be no space for tax reductions in the coming Budget and so we now assume that the National Insurance Surcharge is unchanged. All other tax rates also remain unaltered, except for the indexation of tax allowances and bands and revalorisation of indirect taxes.     

含四个未知函数的费马型丢番图函数方程非平凡亚纯解的研究

本文利用亚纯函数值分布论的思想方法,对费马型丢番图函数方程f_1~n(z)+f_2~n(z)+f_3~n(z)+f_4~n(z)=1的非平凡亚纯解的存在状况进行研究,得到如下结果:函数方程f_1~(17)(z)+f_2~(17)(z)+f_3~(17)(z)+f_4~(17)(z)=1不存在级小于1的非常数亚纯函数解。