金融危机下的中国保险业安全

由于国际货币体系的单极、美国金融监管的真空和经济发展的不协调而导致的金融危机正深刻影响着世界各国的经济、金融体系乃至政治格局.在这种大背景下,我国保险业作为经济的"保驾护航"者,也面临着多方位的挑战和不确定因素.只有通过调整结构、加强监管、建立风险预警机制、坚持投资多元化等途径,才能在确保行业自身安全的同时,为我国经济、金融和社会的安全及稳定作出贡献.     

中国对外直接投资的效应及发展策略

对外直接投资将日益成为我国企业"走出去"的重要途径.通过对中国企业对外直接投资母国效应,尤其是对我国出口贸易效应进行实证分析,表明不断发展的中国企业对外直接投资对我国经济发展具有积极作用.目前中国企业对外直接投资中最大的问题是资金不足,需要多方努力来解决,尤其是要加快金融业改革步伐,为我国企业对外直接投资提供强有力的支持.     

我国IC卡及其系统的安全问题与对策

我国已经进入WTO,政府职能将会实施全面改革,我国将主要通过建立技术壁垒体系保护我国产业的发展,将主要依靠我国标准化体系及其认证认可机构体系管理产品市场和建立确保我国经济和社会的安全与稳定秩序.我国信息安全测评认证必将有前所未有的发展,并同时大大促进我国信息安全产业的发展,加强我国信息化安全建设.我国集成电路出现了飞速的发展,大批国外IC厂商在中国投资建厂,我国必将是IC技术的重要生产国家.随着IC技术和产品的大量应用,我国IC技术、产品和系统的安全问题也越来越突出,必须尽快加以解决.     

金融生态环境问题研究综述

近年来,关于金融生态环境问题的研究日渐兴起.本文对我国金融生态环境问题的研究脉络进行了系统梳理,力求通过对相关理论和政策观点的归纳总结,提升对金融生态环境问题的研究深度和屡次,推动我国金融生态环境的优化发展.     

基于VAR分析我国财政性教育经费投资与经济增长的关系——分析"十二五"期间我国应重点投资的教育阶段

"十二五"计划中,中央提出"创新驱动,实施科教兴国战略和人才强国战略"的思想,这就要求我国要更快地投资教育、发展教育.但是我国在教育经费支出方面存在着一些不足,1996-2009年,财政性教育经费占GDP比重最高时为3.59%,仍未达到4%的水平.因此,如何利用有限的资金创造出更高的价值,成了本文对各阶段教育投资与经济增长之间关系探究的目的.本文利用1996-2009年的相关数据,通过Eviews建立VAR模型,就历年国家财政性教育经费支出数据和经济增长之间的关系进行实证研究.结果显示初等教育投资对我国经济增长的影响力最大,并且我国初等教育投资与经济增长之间总体上存在着长期稳定的均衡关系,随着历年初等教育投资的增加,整体上有利于提高经济增长率.     

金融生态环境对房地产企业"非银"融资效率影响分析

文章选取我国2008-2014年各省共742个房地产企业数据为研究样本,从金融生态环境的不同维度有效测算了其对房地产企业的"非银"融资效率的影响.研究发现:1)金融生态环境质量确实与房企"非银"融资效率正相关,良好的金融生态环境可丰富市场上的资本盈余,拓展社会融资渠道,提高投资信心,进而给房企"非银"融资纾困.2)金融生态环境与房地产企业的背景在影响房企"非银"融资效率方面存在替代作用,当企业实力足够强时,就可以渐渐摆脱区域金融生态的束缚.文章的研究结论有助于政府和房企关注社会融资问题,为房企优化融资抉择、增进融资效率提供有效的参考依据.     

浅析我国中西部区域投资环境瓶颈及突破口

基于我国经济发展特点,总体战略是"加速发展"和"均衡发展"。在市场经济条件下,投资行为和抉择是否合理,能否通过投资来促进资源的优化配置和区域经济的发展,一般都是要以投资效益的好坏来进行分析和评价的。     

谈甘肃省境外投资问题

自从20世纪末江泽民同志提出加快制定和实施"走出去"发展战略以来,我国境外投资规模不断发展壮大,呈现出投资主体、投资地区和投资方式的多元化态势.     

上市公司固定资产投资规模影响因素

固定资产投资对宏观经济增长和微观企业发展意义重大.文章通过对经典投资理论和实证研究成果回顾,找到并通过我国国有上市公司样本数据实证检验这些因素.结论显示经典投资理论对我国上市公司投资规模确定具有适用性,我国上市公司投资规模取决于投资机会、内部现金流和负债程度,国有上市公司整体表现为投资过度.     

论环境工程技术规范的定位及作用

我国经济的快速发展中对环境的污染问题日益凸显,为了保护我国生态环境,"十一五"以来我国污染治理投资不断增加。根据环境污染治理需求,我国加快了国家环境保护标准的完善。通过对《环境工程技术规范体系》的修订与完善,规范并指导相关工作,为我国现代环境污染防治、节能减排及环境保护目标的实现奠定基础。本文以我国环境工程现状的分析入手,对环境工程技术规范的定位及作用进行了分析与论述。     

Bayesian Premium Rating with Latent Structure

We propose a fully Bayesian approach to non-life risk premium rating, based on hierarchical models with latent variables for both claim frequency and claim size. Inference is based on the joint posterior distribution and is performed by Markov Chain Monte Carlo. Rather than plug-in point estimates of all unknown parameters, we take into account all sources of uncertainty simultaneously when the model is used to predict claims and estimate risk premiums. Several models are fitted to both a simulated dataset and a small portfolio regarding theft from cars. We show that interaction among latent variables can improve predictions significantly. We also investigate when interaction is not necessary. We compare our results with those obtained under a standard generalized linear model and show through numerical simulation that geographically located and spatially interacting latent variables can successfully compensate for missing covariates. However, when applied to the real portfolio data, the proposed models are not better than standard models due to the lack of spatial structure in the data.     

The development of the group accounts disclosure system in Japan

The Japanese disclosure system of consolidated statements was introduced in 1977 and extensively revised in 1997. The role of the bureaucracy has been significant in these developments and seems to be part of Japan's closed culture. However, other explanations could also be applied. In particular, although Japanese firms opposed such disclosures on the basis of preparation costs, the Japanese government had to modernize the disclosure system, including consolidation, in order to develop the securities market regardless of an individual company's interests.     

Moments of Compound Mixed Poisson Distributions

Recursive formulae are derived for the evaluation of the moments and the descending factorial moments about a point n of mixed Poisson and compound mixed Poisson distributions, in the case where the derivative of the logarithm of the mixing density can be written as a ratio of polynomials. As byproduct, we also obtain recursive formulae for the evaluation of the moments about the origin, central moments, descending and ascending factorial moments of these distributions. Examples are also presented for a number of mixing densities.     

The designing of corporate accounting law in Japan after the Second World War

After the Second World War, during the neutralization of the controlled economy of wartime Japan, a design for a Corporate Accounting Law was elaborated by the Investigation Committee on the Business Accounting System. The Investigation Committee tried to establish not only new business accounting standards but also a central and independent administrative organ of corporate accounting regulation on the basis of the Corporate Accounting Law. The Corporate Accounting Law was expected to lay the legal foundation of the new corporate accounting regulation regime in Japan. Nevertheless, even though the original design of the fundamental accounting law was never realized, it should be considered the starting point for our understanding of external accounting history in post-war Japan.     

The deliberation around accounting techniques: accounting for depreciation and foreign exchange in an Indian jute company, 1870-1900

This paper examines the way two accounting techniques, namely depreciation and foreign exchange, were deliberated on, between 1870 and 1900, in an Indian jute company whose shareholders resided in the UK. The arena for these deliberations was the conflictual relationship between controlling and non-controlling shareholders as to how best to account for depreciation and foreign exchange especially when the particular accountings affected distributional issues such as the dividend decision. The purpose of this paper is to analyse and explain the processes by which a company's accounting practices emerge and develop as a contest between different interests. Accounting framed the parameters of the deliberations and provided the language of power and dissent. The paper uses a rich archive that includes narrative and accounting material.     

Pricing Dynamic Insurance Risks Using the Principle of Equivalent Utility

We introduce an expected utility approach to price insurance risks in a dynamic financial market setting. The valuation method is based on comparing the maximal expected utility functions with and without incorporating the insurance product, as in the classical principle of equivalent utility. The pricing mechanism relies heavily on risk preferences and yields two reservation prices - one each for the underwriter and buyer of the contract. The framework is rather general and applies to a number of applications that we extensively analyze.     

Disclosure of government financial information and the cost of local government’s debt financing——Empirical evidence from provincial investment bonds for urban construction

China’s slowing economic growth and rapid urbanization have made local government debt financing a significant issue.This study uses a sample of China’s provinc...     

Guidelines for Manuscripts Submitted to The China Journal of Accounting Research

正The China Journal of Accounting Research"CJAR"(ISSN 1755-3091)publishes quarterly.It contains peer-reviewed articles and commentaries on accounting,auditing and corporate governance issues that relate to the greater China region.We welcome the submission of both theoretical and empirical research papers pertinent to researchers,regulators and practitioners.Authors should note:1 Submissions must be original     

International harmonization of Japanese accounting standards

Historically, Japanese accounting standards have been quite distinct from International Accounting Standards (IASs) which have been perceived as being modelled on British-American accounting standards. However, in the 1990s, after the publication of E32 in 1989 and the IASC-IOSCO Agreement in 1995, the Business Accounting Deliberation Committee (BADC), the standards-setting body in Japan, has pursued a policy of harmonization with IASs. Accounting standards relating to consolidated financial statements of companies that make cross-border offerings of securities or operate worldwide are being revised drastically. This paper focuses on the development of international accounting harmonization and its impact on Japan.