Banking and commerce: A liquidity approach

This paper looks at the advantages and disadvantages of mixing banking and commerce, using the “liquidity” approach to financial intermediation. Bringing a nonfinancial firm into a banking conglomerate may be advantageous because it makes it easier for the bank to dispose of assets seized in a loan default. The conglomerate's internal market increases the liquidity of such assets and improves the bank's ability to perform financial intermediation. More generally, owning a nonfinancial firm may act either as a substitute or a complement to commercial lending. In some cases, a bank will voluntarily refrain from making loans, choosing to become a non-bank bank in an unregulated environment.     

Electronic commerce education: Analysis of existing courses

E-commerce is reshaping business practices and education, yet many have expressed concern over the e-commerce education and training provided to students. This study examines the extent to which business schools, particularly accounting programs, are integrating e-commerce education into their curricula. An analysis of 79 syllabi provides evidence regarding: (1) the scope and nature of e-commerce education; (2) educational approaches to e-commerce; (3) e-commerce topics that could be taught as part of e-commerce education; (4) methods of coverage of e-commerce education; and (5) methods and reference materials for teaching an e-commerce course. This study initiates a general dialogue on the nature, content, objectives, and delivery of e-commerce education. An exploratory review and content analysis of a sample of 79 syllabi, representing different sizes of universities worldwide, reveals that business schools and accounting programs offer e-commerce courses emphasizing a broad range of skills, objectives, perspectives, teaching methods, and cognitive content. However, many common themes, topics, and assignments have emerged. The e-commerce education issues addressed in this study should help business schools and accounting programs prepare students for the challenges awaiting them in the area of emerging technological advances.     

A Client's Tale: The Royal Armouries Museum, Leeds

The Royal Armouries was the first arts and heritage project to receive funding through the Private Finance Initiative. In 1993 the author led the team to incorporate Royal Armouries (International) plc, which involved securing institutional investors and structuring all commercial and legal negotiations. This process called on a strong commitment from all parties, as well as technical and organizational capabilities. The museum opened to the public at the end of March 1966.     

信息技术和电子商务对会计的影响

信息技术和电子商务的发展,对会计领域的影响是多方面、全方位的。信息技术对会计环境、会计假设、会计原则提出了全面的挑战。电子商务要求会计服务范围更加广泛,会计手段多样化、现代化,电子商务要求复合型的会计人才。     

移动银行商务策略研究

20世纪末计算机和通信技术的飞速发展造就了电子商务的繁荣,而互联网的数字神话也孕育了银行业划时代的变革,出现了网络银行。从此,银行业虚拟化经营拉开序幕。新经济时代金融创新的特征是信息技术与金融服务高度渗透、紧密融合。在网络银行落地生根的背后我们反思出两个字:融合!而移动银行作为这种融合的延续在世纪初步入历史舞台。2000年3月24日,招商银行发布信息,宣称与广东移动推出移动银行服务;4月26日,中国光大银行宣布率先在摩托罗拉公司的支持下推出移动银行服务;5月17日中国银行、中国工商银行同时在全国范围内开通移动银行服务。…     

保险电子商务平台的建设要点

我国保险业在最近十余年中有了重大发展，保险市场逐渐成熟，保险规则逐步完善，保险产品逐步多样化、人性化。同时，高同质化的保险产品造就了更为激烈的竞争环境。保险公司也逐步意识到，合理、多样的产品是企业获得利润的重要因素之一，而如何扩大客户群体、提高客户忠诚度则更加重要。     

商业银行商业秘密的法律保护

随着我国市场经济的快速发展,高新技术的广泛运用,重要的商业信息、经营策略、科技成果在生产经营活动中发挥着越来越重要的作用。以上这些统称为“商业秘密”的无形资产也备受关注。作为金融企业的商业银行,所面临的商业秘密的法律保护问题同样不容忽视。商业秘密是指不为公众所知悉,能为权利人带来经济利益,具有实用性并经权利人采取保密措施的技术信息和经营信息。我国《反不正当竞争法》、国家工商行政管理局《关于禁止侵犯商业秘密行为的若干规定》以及我国刑法第219条均采用了这一定义。商业秘密在不同的产业、部门以及技术研发的不同…     

电子银行在电子商务中的角色

越来越多的公司已介入电子商务,通过计算机网络进行在线业务处理,电子商务成为一种扩展市场、改善客户服务、减少成本、提高生产力的手段.目前大部分公司已经利用传统计算机管理产品和客户的数据资料,但比较而言,先进的互联网技术更能使公司利用电子信息交换对他们与供货商、批发商、零售商的交易进行"流线型"理.     

Political Management and Local Government: The Views of Local Authority Chief Executives

The Labour Government has introduced radical measures to change local authorities' constitutions. These include a requirement to abandon the traditional committee system and to replace it with political executives. Local authority chief executives will play a critical role in these changes and they are also uniquely placed to offer observations on the likelihood of the measures being successful. Because of this, a questionnaire survey was undertaken of the chief executives of all local authorities in England and Wales to discover how councils are responding to the Government's measures and to obtain their views on the proposed political management arrangements.     

Executable declarative business rules and their use in electronic commerce

Business rules are statements which are used to run the activities of an organization. In the era of electronic commerce it is important for these rules to be represented explicitly, and to be automatically applicable. In this paper we argue that methods from the field of knowledge representation can be used for this purpose. In particular, we propose the use of defeasible reasoning, a simple but efficient reasoning method based on rules and priorities. We motivate the use of defeasible reasoning, give examples, describe two case studies, and outline current and future work in our research. Copyright © 2001 John Wiley & Sons, Ltd.     

电子商务环境下中间商嬗变的经济学分析

中间商的出现和发展是社会分工和专业化的必然结果,并带来专业化收益和交易成本下降的双重效应。在电子商务环境下,中间商的传统功能被不断弱化,且随着电子商务的进一步发展,制造商与消费者直接交换所需的交易成本也在不断上升,从而迫切要求能够节约交易成本的各种新型中间商的协同配套发展。电子商务环境下,中间商依然有其存在的巨大意义和价值,新型中间商有着广阔的发展空间和前景。     

Electronic commerce and the marketing of Internet banking in the UK

Recent market research findings and financial services consultants' reports have signalled that electronic commerce will play an increasingly important role in consumers' future financial lives. This paper discusses such evidence and seeks to contextualise the debate on the future of banking through a discussion of consumers' financial behaviour, the UK Government's position and an analysis of UK financial providers' current marketing of Internet banking services to consumers.     

Real Options Valuation: A Case Study of an E‐commerce Company

This paper presents a real options valuation model with original solutions to some issues that arise frequently when trying to apply these models to real‐life situations. The authors build on existing models by introducing an innovative and intuitive risk neutral adjustment that allows us to work with all the simulated paths. The problem of incorporating real options into each path is solved with a “nearest neighbors” technique, and uncertainty is simulated using a beta distribution that adapts better to company‐specific information. The model is then applied to a real life e‐commerce company to produce the following insights: the expanded present value is higher than the traditional present value; the presence of several real options make them interact so that their values are nonadditive; and part of the expanded present value is explained by the presence of “Jensen's inequality” that stems from the “convexity” between the value of each year's cash flow and the uncertain variables.     

Transforming Local Government: Innovation and Modernization

This article is based on research investigating why local authorities innovate and what happens when they do. The authors show how local authorities have responded to the current normative climate for innovation, and explore the interaction between central policy and local action. The article demonstrates the importance of the policy climate set by central government in fostering—or constraining—innovation at a local level.     

The impacts of electronic commerce on auditing practices: an auditing process model for evidence collection and validation

The main purposes of this paper are twofold. First, the paper identifies and discusses the potential impacts of electronic commerce on auditing practices in the emerging paperless on-line transaction environment. Second, it provides two auditing process models that incorporate modern network security techniques and show how an audit can be conducted in an EC environment. A periodical auditing process model (PAPM) is proposed to demonstrate how secure electronic technologies can be used to facilitate the auditor's evidence collection and validation process for annual and semi-annual audits. We also present a continuous auditing process model (CAPM) which extends the functions of PAPM for continuous auditing. In CAPM, a real-time transaction monitoring system is used to link to firms' accounting information systems for assisting the auditor to detect abnormal activities and generate exception reports on a continuous basis. The CAPM approach intends not only to ensure integrity and effectiveness of the entire accounting system, but also to guarantee the correctness and usefulness of the constantly generated financial statements for public dissemination. The main contribution of this paper is that it illustrates a conceptual framework which shows the feasibility of continuously auditing electronic transactions in the EC environment. Copyright © 2000 John Wiley & Sons, Ltd.     

电子商务第三方支付平台现状与发展策略

电子商务的运作模型和业务流程中有三个关键变量：信息流、资金流和物流。作为中间环节的网上（在线）支付,是电子商务交易双方最为关心的问题。如果这个环节中遇到的问题不能解决,那么电子商务就成了“虚拟商务”,只能是信息传递的电子化、合同的无纸化,而无法完全实现网上交易,使得电子商务快捷便利的优势大打折扣。     

浅谈我国电子商务发展现状及人才的培养

我国电子商务发展还处于初级阶段,存在着企业信息化程度较低、缺少统一的安全认证机构、相关法律法规制度不健全等问题。但是电子商务的发展除受外部因素的制约外,还受到人才因素的影响,为了保证我国电子商务的快速健康发展,我们应当根据我国电子商务人才的技术标准和特征,分别按技术型、商务型和战略型几个层次,培养真正适应我国电子商务发展的人才,走有中国特色的电子商务发展之路。     

电子商务给税收征管带来的新问题与对策

电子商务的普及是新经济的一个重要特征，已成为现代企业经营的一大趋势。其交易的虚拟化、无形化、无纸化使企业的贸易活动往往不再需要原有的固定营业场所等有形机构来完成，从而买卖双方更容易隐匿或取消固定营业地点，这就给税收征管增加了一定的复杂性，带来了严重的困难。因此，应在借鉴国外先进经验的基础上，根据我国的实际情况，结合我国现行税制，制定出既能促进我国电子商务发展，又能保证税收收入，减少税款流失的税收政策方案。