民间标会机制法律问题研究

标会作为一种民间投融资方式,近年来在浙闽粤各地十分盛行。一方面,标会能够调和民间资金需求与民间闲散资金投资无门的矛盾,促进民间经济的活跃;另一方面,标会因受国内外经济金融形势的影响,加上政府监管缺失,风险极大,倒会事件频发,严重影响社会稳定。本文以福建省泉州市为例,通过调研,分析标会活动的机理、成因及其变迁,借鉴我国台湾地区标会"立法"模式,提出防范标会风险与解决标会纠纷的对策,以期对政府、金融部门监管提供参考依据,促进民间融资的良性发展。     

银行监管与企业担保下的中小企业互助融资新模式的探讨——民间金融互助会的正规化途径

本文在后危机时代中小企业普遍遭遇融资问题的背景下,深入分析了国内正规金融渠道和民间金融渠道的特点和利弊,通过借鉴标会这一民间金融的方式,为解决中小企业融资问题提供了一条新颖的道路。     

民间非正规金融的风险调研——基于闽东民间标会的考察

民间标会是我国南方沿海地区的一种融资方式,在当前农村金融体系尚不健全的情况下,有其存在的合理性。但是近年来倒会频发,不仅不利于金融经济的健康发展,而且对参与标会的民众也产生了消极的影响。民间标会的风险主要有个人因素,个人风险意识因素以及经济环境因素。     

民间非正规金融的风险调研——基于闽东民间标会的考察

民间标会是我国南方沿海地区的一种融资方式,在当前农村金融体系尚不健全的情况下,有其存在的合理性。但是近年来倒会频发,不仅不利于金融经济的健康发展,而且对参与标会的民众也产生了消极的影响。民间标会的风险主要有个人因素,个人风险意识因素以及经济环境因素。     

民间标会效应及规范民间标会运作的对策分析

民间标会作为一种传统的融资方式,游离于正规的金融体系之外,其长期存在有其合理性.总结民间标会的运作模式及其运作特点,分析其赖以存在的深层经济、社会原因及其正负两方面效应,对民间标会运作进行规范,扬其长、避其短,十分必要.     

浙江温岭船舶业民间融资问题分析及对策研究

浙江温岭地处沿海经济发达区域,民营企业发展迅猛,民间融资在其中起到了推波助澜的作用,然而,民间融资也存在着极大的风险。因此,如何趋利避害是各民营企业所面临的必须解决问题。本文剖析了民间融资在温岭船舶业中存在的问题,并探讨解决温岭最盛行的民间融资——标会问题的对策。     

浙江温岭船舶业民间融资问题分析及对策研究

浙江温岭地处沿海经济发达区域,民营企业发展迅猛,民间融资在其中起到了推波助澜的作用,然而,民间融资也存在着极大的风险。因此,如何趋利避害是各民营企业所面临的必须解决问题。本文剖析了民间融资在温岭船舶业中存在的问题,并探讨解决温岭最盛行的民间融资——标会问题的对策。     

民间标会风险成因与防范的调查思考

遍布城乡的民间标会,其参会人员目前已涉及社会各阶层,倒会不仅给社会群众造成资金损失,而且影响社会安全稳定。本文剖析了民间标会广泛存在的历史、经济、社会原因,阐述了造成民间标会倒会的浅层及深层原因,并提出具有可操作性的防范民间标会风险的对策建议。     

关注中国的“地下金融”

所谓“地下金融”(亦称民间金融)，指的是处于正规金融体制以外、国民经济统计核算难以触及的经济形态。它是地下经济的组成部分，包括为地下经济服务的民间自发形成的未经工商注册登记的典当业、私人钱庄、标会等融资组织。“地下金融”发源很早，其间潮起潮落。     

"标会"的危害及其治理

对“标会”这种古老的民间信用形式要“疏堵”并重，一方面要积极发展正规金融，以满足各方的资金需要，另一方面对规模较大、影响较坏的“标会”给予打击，坚决遏制犯罪分子的诈骗活动。     

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.     

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...     

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.     

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.