合伙会计师事务所发展的体会

一、合伙制事务所规模化发展面临的问题尽管合伙制事务所承担无限责任,使合伙人个人利益(包括人力资本投资)与事务所和命运紧密相联,是一种好的事务所组织形式,可以进一步增强合伙人的风险、责任、质量和品牌意识,为事务所的良性和可持续发展奠定了     

The influence of economic research on financial mathematics: Evidence from the last 25 years

This is an attempt to review some of the breakthroughs in economic research as they impacted the nascent field of financial mathematics over the last 25 years. Because of the prominent role of Finance and Stochastics in the definition of this emerging field, I try to view things through the lens of its published papers, and I try to stay away from financial engineering applications.

     

刘仲藜会长会见马来西亚会计师协会会长尼克先生一行

7月17日上午,杨志国副秘书长会见了来访的特许公认会计师公会(ACCA)中小事务所代表团一行。会谈中,杨副秘书长向ACCA特别项目总监吉塞普·梅西纳先生(Mr.Giuseppe Messina)一行介绍了中国注册会计师行业     

New development: Putting a 25-year experiment to the test

This article explains the current state of accounting by the US federal government. Key hurdles for the US reporting model and financial management are discussed. An open data system, able to aggregate cost by programme, would greatly improve the usefulness of cost information and facilitate integration of cost with performance information.     

Perspectives on changing times: implications for insurance medicine

Profound changes are occurring in medicine. These changes are in both medicine itself and also in the economic and social context. The driving forces for change include health care reform, sophisticated consumers, new technology, information explosion and ethics of controlling human biology.     

中国创业投资走过十年发展历程

中国创业投资发展走过十年历程,创业投资规模曾占GDP0．1％,尤其东部地区创业氛围浓厚,发展至今创业投资受国际市场影响已经缩小,和股票市场关联越来越大     

Morgan Stanley Perspectives on Sustainable Investing: Acceleration and Integration

The CEO of Morgan Stanley's Institute for Sustainable Investing discusses recent developments in the field since the founding of the Institute three years ago. The position of the Institute, which works across Morgan Stanley businesses as well as with external partners, provides a unique vantage point for assessing both the company's and the financial industry's progress in advancing the goals of sustainability. Since its inception, the Institute has focused on measuring investor interest and highlighting the performance realities of sustainable investing strategies, with the ultimate goal of helping to increase the adoption of such strategies by not only Morgan Stanley's clients, but throughout the industry. Drawing on its own survey data and on the research and views of the Institute's internal and external collaborators, the author describes not only the acceleration of investor interest and the emergence of new players, but also the progressive integration of sustainability with more traditional methods as ESG issues move from being peripheral to “material” and “strategic” considerations. Such integration is helping to ensure that sustainability concerns—and corporate efforts to deal with them—will prove more than just a temporary trend and assume a prominent, and permanent, position in the dialogue between companies and investors.     

Perspectives on risk and governance

Improper understanding and inefficient management of risk coupled with gaps in governance framework are considered to be major factors behind the outbreak of the Global Financial Crisis. This article highlights the gaps in the risk management and governance framework which led to the crisis and delineates international initiatives in building robust governance systems. The article also analyses the impact of new regulations on the economic growth and bank profitability which is the subject matter of intense debate currently and underscores the necessity of adopting Basel III by EMDEs. Highlighting the Reserve Bank of India's policy initiatives in mitigating the impact of global crisis, the paper discusses some contemporary issues in Basel III implementation in India.     

土地流转的新视角:农村金融

从理论研究和实践发展来看,中国农村土地流转有其必然性。金融发展是农村土地流转的重要推动力,农村土地的有序流转能进一步促进农村金融发展。研究表明,土地流转与农村金融发展之间相互促进、相互影响、相互制约;有效、规范的土地制度变迁能推动经济发展。在土地流转中,政府基本职能的界定、政府监管效率的高低、农村金融制度的变革直接影响农村土地流转的成败。     

Management Accounting Research: 20 years on

This Editorial Report charts the progress of Management Accounting Research in its second decade. Starting by noting that in 2009 there were almost a quarter of a million downloads of papers from Management Accounting Research, it describes the range and diversity of the papers published in the Journal, their topics, research settings, and the theories and research methods used. It emphasises that the editors strongly encourage the use of a broad range of theories and research methods, and they want such diversity to continue to be a defining feature of the papers published in Management Accounting Research in the future. Finally, they urge management accounting researchers to undertake innovative research and to be both original and creative, thereby avoiding the homogeneity and narrowness which seem to be an increasing feature of accounting research more generally. In this way Management Accounting Research will continue to be the major source of leading edge research in the field of management accounting.     

经济责任审计的几点体会

经济责任审计已成为对领导干部进行有效管理和监督的重要措施,随着经济责任审计的覆盖面越来越大,对该项审计工作的要求越来越高,而会计师事务所受各级政府监管机关及企业集团的委托,也越来越多地参与到经济责任审计工作中。经济责任审计属于专项审计的范畴,与会计报表审计业务相比有其特殊性。以下是笔者从事经济责任审计的一些粗浅认识。     

证券分析师预测偏差研究述评

证券分析师的预测是否可以准确地代表市场预期,进而提高市场效率,一直以来都是投资者关注的重点和学术界讨论的热点。现有研究发现,动机驱动和认知偏差等多方面因素可能导致证券分析师的有偏预测。本文从证券分析师预测偏差内涵及其测度差异的界定,导致偏差的动因以及预测偏差对信息有效性的影响等方面对预测偏差的研究脉络和研究进展进行梳理和评述,同时提出了未来的研究方向。     

New Perspectives on Real Estate Valuation

The Journal of Real Estate Finance and Economics -     

中国股票市场的节日效应研究——基于收益和波动的视角

为研究中国股市节日效应的存在性及特征,本文利用2007年12月28日—2017年10月30日上证综指日收益率数据,基于引入虚拟变量的GARCH (1,1)-M模型,从收益和波动两个角度研究中国股市的节日效应。综合检验发现,中国股市存在基于收益的节前效应,同时表现出基于波动的显著的节前和节后效应;节前节后股市风险均显著降低,但只有节前收益受到了风险的影响。具体分析每一节日发现,部分节日具有节日效应,且各节日的节日效应不同,个别节日的异常收益与风险有关。法定节日比传统节日的节日效应显著,这一现象的产生与休市有关,而休市能对节日效应产生正向影响。     

The development of standard costing at SaintGobain, 1920-60: forty years of quarantine?

Standard costing, conceived in the first two decades of the twentieth century in the United States, became widespread in American literature and enterprises between the two World Wars but was not introduced at Saint-Gobain until around 1960. This article investigates the circumstances behind the forty-year period separating the availability of the technique and its application in a significant French company. The time lag required by the French accounting profession to adopt the technique is put forward as the primary, though not the only, cause of this delay.