我国中小企业战略管理浅析

战略管理对于企业的发展有着至关重要的作用,在当今市场瞬息万变的情况下中小企业要想做强做大必须要做好战略管理.本文在分析了中小企业战略管理内涵的基础上找出中小企业战略管理的困境并进行原因分析,然后提出了一些改进其战略管理的对策.     

试论中小企业财务战略

本文从财务战略管理对中小企业发展的意义入手,阐述了企业的发展不仅需要科学、精细的日常管理,更需要高瞻远瞩的战略眼光和战略思想越过分析中小企业在不同发展时期的财务特征探讨了企业应如何选择与之相匹配的财务战略问题,为企业做走做强持续发展提供了可行的思路。     

关于我国成长型中小企业核心竞争力培育的思考

我国成长型中小企业的发展状况不容乐观的关键原因是成长型中小企业缺乏自身的核心竞争力.文章针对成长型中小企业在核心竞争力培育方面存在的战略瓶颈,提出成长型中小企业培育核心竞争力的几点战略选择:正确地进行产业定位;实施经营模式虚拟化;进行纵向协作,实现"小而精";组建学习型组织.     

我国中小企业战略管理探讨

纵览国内外迅速发展壮大的与濒临破产的中小企业同时存在,中小企业要在复杂多变的环境中谋求生存与发展,战略管理是关键,本文指出我国中小企业战略管理的主要5点不足之处,从而提出中小企业战略管理改革的各项主要内容,包括重新战略定位,专业化经营战略,适度联盟和有效的监控.     

我国中小企业战略管理探讨

纵览国内外迅速发展壮大的与濒临破产的中小企业同时存在,中小企业要在复杂多变的环境中谋求生存与发展,战略管理是关键,本文指出我国中小企业战略管理的主要5点不足之处,从而提出中小企业战略管理改革的各项主要内容,包括重新战略定位,专业化经营战略,适度联盟和有效的监控。     

国内主要股份制银行战略转型比较

"巴塞尔协议Ⅲ"实施在即,日趋严格的资本充足率监管使商业银行面临的资本补充压力前所未有,通过"做大"实现"做强"的业务增长模式和过度依赖利差的盈利模式难以为继,战略转型变得迫在眉睫。本文对国内主要股份制银行招商、浦发、兴业、中信及民生的战略转型及成效进行比较分析,旨在为中小银行战略转型提供参考。国内股份制银行战略转型的概况战略转型,是指公司为谋求生存与可持续发展,在业务范围和运作模式等方面进行的方向性调整与变革。商业银行战略转型     

会计师事务所构建战略管理体系的探讨

随着中注协《关于推动会计师事务所做大做强的意见》发布,国内会计师事务所都在围绕做大做强研究和确定各自的发展战略,强调加强战略管理。但在实际工作中,由于一些事务所缺乏对战略管理体系的构建,致使确定的发展战略或大而空,难以实施;或缺少前瞻性,变成了具体经营策略。其实,战略管理是一个完整的体系,可在分析内外部条件的基础上确定战略定位,根据战略定位落实路径选择,围绕路径选择进行资源的筹划和配置(图示见下页)。本文拟就此对会计师事务所构建战略管理体系作一探讨。     

经济发达地区农村信用社市场定位的思考

在经济发达地区,农村信用社必须进行市场定位的调整以适应新形势下"三农"变化趋势和市场需求的特点.支持中小企业是经济发达地区农村信用社的现实选择,以支持中小企业作为其市场定位具有比较优势.     

我国中小企业发展战略分析

中小企业是我国经济中的一个重要层面，它在我国经济发展、就业和社会协调方面所起的作用越来越大，为此我国政府在借鉴世界各国成功经验的基础上，出台了《中小企业促进法》。我国中小企业应抓住机遇，凭借优势，取长补短，在创建中小企业公平、公正的外部环境条件下，运用国家信用担保体系，通过自身技术创新、柔性战略、网络优势、联合战略的选择来促进其健康发展。     

构建中小企业ERP系统的战略成本管理思路

中小企业ERP系统的构建是一项复杂的系统工程。战略成本管理不仅追求成本缩减目标,同时关注企业竞争优势的获取,它主要包括价值链分析、战略定位分析和战略成本动因分析等内容,已经发展成为被广泛关注的一种管理方法。本文从我国中小企业ERP实施的现状出发,探讨构建中小企业ERP系统的战略成本管理思路。     

卖空约束下动量策略在牛市中的盈利性分析

众多实证研究发现,通过持有赢者组合多头和输者组合空头的动量套利策略可以获取显著的超额收益。考虑到我国A股市场卖空约束,选取沪深300样本股和中小板股票设置不同的对照组和投资期限,采用假设检验方法分析了2005年股改以来两次牛市行情中单一赢者组合及输者组合多头策略的盈利性特征,并检验了A股市场中是否存在动量套利交易的盈利模式。实证显示,即使不考虑交易成本,两种多头策略也都很难有显著的高于样本总体的收益率。     

Potential Competitive Effects of Basel II on Banks in SME Credit Markets in the United States

We examine the likely competitive effects of implementation of Basel II capital requirements on banks in the market for credit to SMEs in the U.S. Similar competitive effects from Basel II may occur for other credits and financial instruments in the U.S. and other nations. We address whether reduced risk weights for SME credits extended by large banking organizations that adopt the Advanced Internal Ratings-Based (A-IRB) approach of Basel II might significantly adversely affect the competitive positions of other organizations. The analyses suggest only relatively minor competitive effects on most community banks because the large A-IRB adopters tend to make very different types of SME loans to different types of borrowers than community banks. However, there may be significant adverse effects on the competitive positions of large non-A-IRB banking organizations because the data do not suggest any strong segmentation in SME credit markets among large organizations. JEL classification: G21, G28, G38, L51     

Do local banking market structures matter for SME financing and performance? New evidence from an emerging economy

This paper investigates the relationship between local banking structures and SMEs’ access to debt and performance. Using a unique dataset on bank branch locations in Poland and firm-, county-, and bank-level data, we conclude that a strong position for local cooperative banks facilitates access to bank financing, lowers financial costs, boosts investments, and favours growth for SMEs. Moreover, counties in which cooperative banks hold a strong position are characterized by a more rapid pace of new firm creation. The opposite effects appear in the majority of cases for local banking markets dominated by foreign-owned banks. Consequently, our findings are important from a policy perspective because they show that foreign bank entry and industry consolidation may raise valid concerns for SME prospects in emerging economies.     

Comparative advantage,demand for external finance,and financial development

This paper analyzes the effect of comparative advantage in international trade on a country's level of financial development. Countries with comparative advantage in financially intensive goods experience a higher demand for external finance, and therefore financial development. By contrast, financial development is lower in countries that primarily export goods which do not rely on external finance. We use disaggregated trade data to develop a measure of a country's external finance need of exports, and demonstrate this effect empirically. In order to overcome the simultaneity problem, we develop a novel instrumentation strategy based on the exogenous geographic determinants of trade patterns.     

Strategy and Financial Policy in UK Small Firms

There is growing evidence that capital structure and firm strategy are linked but most studies to date have focused on large, publicly quoted firms, with little attention given to small and medium-sized enterprises (SMEs). A major proposition of the study is that both strategic and financial factors are necessary to explain chosen debt levels. The empirical question adopted for this work, given the best financial model of capital structure, is – does strategy provide any additional explanatory power? Hence strategy and financial variables are seen as complementary rather than competing determinants of capital structure. There appears to be strong evidence supporting the proposition that competitive strategy affects the capital structure of SMEs, but there is little evidence of any impact from corporate strategic factors. The study also supports the notion that there is a 'pecking order' in SME financing and that variability in profits results in 'distress' borrowing. This study provides important empirical evidence to support work on the capital structure puzzle and the funding problems of SMEs.     

我国商业银行中小企业金融服务品牌差异与满意度因素分析——基于调查问卷的比较研究

中小企业融资难表象的背后是商业银行并不真正了解中小企业金融服务需求特征,并在此基础上明确采取差异化的竞争行为来获取一个能"覆盖风险的收益".根据一项对全国438家样本中小企业的调研,我们发现不同类型商业银行在中小企业金融服务品牌上存在一定差异,服务主动性、专业性和效率是影响中小企业金融服务满意度需求的主要因素.     

Bank involvement with SMEs: Beyond relationship lending

The “conventional wisdom” in academic and policy circles argues that, while large and foreign banks are generally not interested in serving SMEs, small and niche banks have an advantage because they can overcome SME opaqueness through relationship lending. This paper shows that there is a gap between this view and what banks actually do. Banks perceive SMEs as a core and strategic business and seem well-positioned to expand their links with SMEs. The intensification of bank involvement with SMEs in various emerging markets is neither led by small or niche banks nor highly dependent on relationship lending. Moreover, it has not been derailed by the 2007–2009 crisis. Rather, all types of banks are catering to SMEs and large, multiple-service banks have a comparative advantage in offering a wide range of products and services on a large scale, through the use of new technologies, business models, and risk management systems.     

The Predictive Power of "Head-and-Shoulders" Price Patterns in the U.S. Stock Market

We use the pattern recognition algorithm of Lo, Mamaysky, andWang (2000) with some modifications to determine whether "head-and-shoulders"(HS) price patterns have predictive power for future stock returns.The modifications include the use of filters based on typicalprice patterns identified by a technical analyst. With datafrom the S&P 500 and the Russell 2000 over the period 1990–1999we find little or no support for the profitability of a stand-alonetrading strategy. But we do find strong evidence that the patternhad power to predict excess returns. Risk-adjusted excess returnsto a trading strategy conditioned on "head-and-shoulders" pricepatterns are 5–7% per year. Combining the strategy withthe market portfolio produces a significant increase in excessreturn for a fixed level of risk exposure.     

信息化管理助力交通银行战略目标实现-访交通银行数据中心总经理高军

高军,计算机与通信专业博士,现任交通银行数据中心总经理.2006年起至今,负责交通银行数据中心的全面管理,主导数据中心通过ISO20000认证、实现真正意义的灾备切换以及主副中心双中心运行,建设托管交银集团全球业务的数据中心.     

发达国家科技型中小企业技术创新的经验与启示

创新是一个民族进步的灵魂,科技型中小企业技术创新能力的提高对增强市场竞争力和国民经济可持续发展都具有十分重要的作用。美国、日本、德国科技型中小企业发展的历史较长,积累了较为丰富的技术创新经验,学习和借鉴对我国科技型中小企业技术创新具有较高的指导意义。文章总结分析了美国、日本、德国科技型中小企业技术创新的经验,并得出健全法律法规体系、加强财政金融支持、完善社会服务体系、构建技术人才激励模式的启示。