推进经营战略转型 实现又好又快发展

2008年是全省农行三年发展规划的开局之年,也是为实现经营状况根本好转奠定基础的关键一年。全行工作总体要求是：全面贯彻总行战略部署,以实现又好又快发展为目标,以推进经营战略转型为重点,以改进内部经营机制为动力,努力开创全行工作的新局而。能否抓住机遇,推进经营战略转型,实现又好又快发展,是摆在全行面前的新课题和新任务。     

如何推动国有投资控股公司又好又快发展

党的十七大提出了好字优先、稳中求进、促进国民经济又好又快发展的战略要求,作为国民经济和社会发展的一支重要力量,国有投资控股公司应当执行政府意图,积极发挥投资导向作用。如何搞好自身的改革和发展,促进又好又快发展?文中就如何正确把握"好"与     

深入贯彻科学发展观推动行业又好又快发展

发展现代服务业,提高服务业比重和水平是党的十七大对服务业提出的新要求,为进一步加快发展注册会计师行业指明了前进方向。通过认真落实十七大报告,结合浙江省委两创总战略,我们确定了2008年浙江省注册会计师协会工作的总体思路是:坚持以科学发展观为指导,以创业富民、创新强省总战略为动力,以贯彻实施《劳动合同法》为契机,抢抓发展机遇,谋发展、促发展、保发展,努力推动注册会计师行业又好又快发展。     

贯彻落实科学发展观 促进注册会计师事业又好又快发展

党的十七大提出科学发展观战略思想,为注册会计师事业发展注入强大的活力。当前,和全国一样,深圳市注册会计师行业正处在一个重要而关键的战略发展机遇期。只有以科学发展观为指导,认清形势,正视挑战,才能真正抓住机遇,促进注册会计师事业又好又快发展。在此和大家一起就深圳市注册会计师行业的几个问题进行探讨。     

金融支持喀什经济又好又快发展问题研究

"十五"时期以来,喀什地区经济社会事业出现了加快发展的好势头。《国务院关于进一步促进新疆经济社会发展的若干意见》中明确提出了加快新疆发展的总体要求、指导原则,对于大力实施稳疆兴疆、富民固边战略,促进新疆经济社会又好又快发展,具有十分重要的指导意义。党中央、国务院的一     

充分发挥金融支持功能 全力推进节能减排

2007年12月,国务院正式将湖南省的长(沙)株(洲)(湘)潭城市群列为全国资源节约型和环境友好型社会示范区。这一决定不仅为实施中部崛起战略注入了新的内容,为促进区域经济又好又快发展创造了有利条件,同     

打造西北区域性金融中心推进甘肃经济社会又好又快发展

3月26日,全省金融工作会议在兰州胜利召开.这次会议是在全省经济社会发展进入战略机遇期的新形势下召开的一次重要会议.省委副书记、省长徐守盛指出,打造西北区域性金融中心,推进甘肃经济社会又好又快发展,是今后一个时期全省金融业改革发展的目标.这一奋斗目标的提出,是省委、省政府在深刻分析金融发展形势、准确把握经济发展规律的基础上,从省情实际出发,创新经济发展模式做出的一项重大战略决策,为我们做好今后一个时期的金融工作指明了正确的方向.     

以又好又快发展构建和谐农行

党的十六届六中全会提出:“构建社会主义和谐社会是一个不断化解社会矛盾的持续过程.我们要始终保持清醒头脑,居安思危,深刻认识我国发展的阶段性特征,科学分析影响社会和谐的矛盾和问题及其产生的原因,更加积极主动地正视矛盾、化解矛盾,最大限度地增加和谐因素,最大限度地减少不和谐因素,不断促进社会和谐.“贯彻落实党的十六届六中全会精神,把构建社会主义和谐社会的重大战略任务落到实处,对于正在改革发展中的农业银行来说,就是要坚持以科学发展观为指导,努力解决又好又快发展问题,以又好又快发展构建和谐农行.……     

金融支持略什经济又好又快发展问题研究

“十五”时期以来，喀什地区经济社会事业出现了加快发展的好势头。《国务院关于进一步促进新疆经济社会发展的若干意见》中明确提出了加快新疆发展的总体要求、指导原则，对于大力实施稳疆兴疆、富民固边战略，促进新疆经济社会又好又快发展，具有十分重要的指导意义。党中央、国务院的一系列特殊政策，给处于边远少数民族地区的喀什带来了千载难逢的历史发展机遇。     

科学的新理念:“又好又快”

<正>多少年来,我们已经习惯了听到和使用“又快又好”这个词组,在各类新闻媒体上,在各级领导的讲话中,在正式的红头文件里,“又快又好”四个字眼出现的频率都很高。去年12月召开的中央经济工作会议,明确提出要实现国民经济“又好又快”地发展,这“又好又快”四个字,着实令人眼前一亮。从“又快又好”到“又好又快”,这一看似简单的次序调整,不但转变了过去十几年坚持的经济发展方针,而且更是一个科学的新理念的树立。     

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.