Optimal Self-Reporting Schemes with Multiple Stages and Option Values

We consider a model of optimal law enforcement where sanctions can be reduced for self-reporting individuals. We distinguish between a first self-reporting stage before the case is investigated and a second one where the criminal is detected, but not yet convicted. Since we assume that violators have private information in both stages, fine reductions for self-reporting individuals lead ceteris paribus to a higher violation frequency. Nevertheless, we show that fine reductions should be granted in both stages. We characterize the connection between the two fine reductions in the optimal policy and relate our results to self-reporting schemes observed in reality.     

国家开发银行的IT外包之路--访国家开发银行营运中心覃孟征主任

近期,为了保证IT系统稳定运行,以支持关键业务的发展,国家开发银行与惠普在北京签署了首份战略性IT外包服务合同,国开行将其IT系统包括软硬件的运营维护和管理等进行外包。根据协议,惠普公司将为国开行提供现场支持、一站式热线电话服务、设备管理与委托采购服务、客户培训、新技术咨询、备件服务、外包服务管理、设备外包服务共七大类型的     

"竞合"是银行与互金企业的理想状态

科技为银行业带来三方面变革 目前可以用正规金融机构与新金融机构来概括商业银行与互联网金融机构间的竞合关系.金融科技好似近两年才流行的概念,实则不然.金融业利用科技手段创新产品、提升服务是很早以前就在进行的事情.应该说金融业与科技行业发展紧密相关,也有说法认为,金融业就是半个IT行业,这点从回顾金融业的发展历史就可初窥端倪.     

供应链合作风险与防范

供应链能够正常运转的精髓在于企业间的合作,如何处理好合作关系,是供应链成败与否的关键.供应链合作风险包括目标冲突风险、协议风险、信息风险、信任风险及文化差异风险等.防范供应链合作风险应从建立信任机制、动态合同控制、建立有效的激励和利益分配机制,以及增进文化融合等方面入手.     

德、美、日农村合作金融比较

一、德、美、日农村合作金融体制的基本特征 德国是农村合作金融的发源地,农村合作金融活动有着良好的传统和悠久的历史;美国在传统上反对政府对经济活动的干预,而其农村合作金融体制却是在政府的指导和扶持下建立起来的.     

国际产业转移、市场经济与区域合作

日本、韩国在承接国际产业转移过程中实现了经济腾飞。中国由于市场经济不完善，承接国际产业转移取得的成效不尽人意，市场经济不完善影响国际产业转移的效果。国内区域合作是解决在市场经济不完善前提下承接国际产业转移效果差的方法之一，区域经济合作既可以弥补国际产业转移造成的负面影响也能够弥补市场不完善造成的缺陷。     

Accounting standards,regulatory enforcement,and innovation

We examine the effects of accounting standards and regulatory enforcement on entrepreneurial innovation and social welfare. When the entrepreneur issues a financial report that violates the accounting standards, a regulatory agency may detect the violation and bring charges. We find that when regulatory penalties are relatively insensitive to the magnitude of the violation, optimal standards are sufficiently low that they induce full compliance, and increase as the intensity of enforcement increases. In contrast, when regulatory penalties are sensitive to the magnitude of the violation, optimal standards induce non-compliance and decline as the intensity of enforcement increases.     

浅议税收执法和纳税服务

税收执法与纳税服务是法律赋予税务机关的重要职责,两者之间是相辅相成的关系。本文尝试运用经济学中的最优理论来分析税收执法问题,试图阐述其与传统分析不同的经济学涵义,并结合我国税收实践,就合理处理税收执法与纳税服务关系提出建议。     

论会计人员挪用公款犯罪的类型与特征

经过案例调查,我认为当前会计人员挪用公款犯罪出现了新特征,主要有炒股犯罪型、投资犯罪型、赌博犯罪型、挥霍犯罪型等七种类型.     

网络裸聊行为定性问题辨析

网络裸聊是伴随着网络的快速发展而产生的新现象,目前,已成为网络淫秽色情有害信息的一种重要表现形式。但在实践中,对于网络裸聊行为的罪与非罪、此罪与彼罪的认定仍存在争议。本文拟在明确裸聊行为内涵、形式的基础上,对裸聊行为的性质进行深入分析。     

澳大利亚关于市场操纵的认定及处罚

澳大利亚联邦<公司法>和<澳大利亚证券与投资委员会法>的颁布,确立了澳大利亚对市场操纵行为监管的基本法律框架.本文对澳大利亚市场操纵的认定、监管体制、调查与处罚机制进行了初步研究,总结出澳大利亚市场操纵监管的规律和趋势,以期对中国证券市场的监管实践提供有益的经验.     

试论受贿罪

受贿犯罪不仅严重侵犯了国家工作人员履行公务活动的廉洁性,而且对国家机关的正常管理活动造成了严重的损害,司法机关要正确认定受贿罪,必须严格把握受贿罪的构成要件,注意区分罪与非罪的界限,在刑事处罚上准确适用法律。     

我国金融犯罪的立法演变及其完善

我国金融体制改革过程中,金融活动不断加强,金融风险相应加大,金融犯罪也随之衍生.在这一过程中,为维护金融安全,防止危害金融秩序的违法犯罪行为的出现,国家制定了一系列的法律法规.金融刑法体系在金融体制改革中得以建立和不断完善,但其仍存在缺陷,一是其立法前瞻性不足,二是与其他金融法规协调性不够,这需要在今后的立法中得以不断完善.     

The Timeliness of Income Recognition by European Companies: An Analysis of Institutional and Market Complexity

This study examines international differences in the asymmetric timeliness of accounting earnings by modelling international exposure to different jurisdictions as a firm-specific effect, using an index of regulatory complexity that relates to conditions in each of the capital markets in which the firm's equity is listed. The companies investigated are those with shares cross-listed on European stock exchanges, some of which are also listed in New York. Variation across jurisdictions and markets with respect to earnings timeliness and conservatism can be explained in part as an interaction of market effects and regulatory effects, with some evidence of opposition between the two, and the sensitivity of earnings to stock price changes shows a common, converging trend towards greater accounting conservatism in Europe.     

The timeliness and consequences of disseminating public information by regulators

This paper documents different timeliness in disseminating sanction and enforcement information (SEI) by two types of regulatory agencies in China and the different consequences that flow from them. The China Securities Regulatory Commission (CSRC) does not make timely public disclosures of SEI and, instead, leaves it up to the firms to make a public announcement under their general obligation to disclose price-sensitive information. The firms therefore have considerable discretion in deciding whether and when to disclose SEI. In contrast, the stock exchanges in Shenzhen and Shanghai make SEI public promptly through the media and the exchanges’ official websites. Using Chinese SEI data during the period 1999–2005, we find that the CSRC approach is associated with significantly lagged corporate disclosure (compared with the timely stock exchange approach) and a significantly negative (but delayed) stock price reaction. We also show that the sanctioned firm may take advantage of the less timely CSRC approach to delay its disclosure of SEI for opportunistic reasons such as completing material transactions. We conclude that the CSRC should make immediate public announcements of SEI as these contain price-sensitive information. Furthermore, the immediate dissemination of SEI will bring the CSRC into line with the disclosure practices of China’s stock exchanges and international market regulators.     

证券领域行政执法与刑事司法的衔接问题研究

在我国,证券领域行政执法与刑事司法的衔接并不畅顺,大部分符合刑事追诉标准的案件仅被处以行政处罚,造成违法成本的低廉。其原因是多方面的,包括刑事与行政证明标准的差异,证据转换的困难,专业知识上的阻隔,以及监督的缺位等。建议通过推定方式转移公诉机关指控特殊类型证券犯罪的部分举证责任,减轻公诉机关的举证负担;根据不同证据的特点,完善行刑衔接证据转换规则;加强证券监管机构与公安机关、检察机关的沟通协调,建立信息共享及工作交流机制;增强规范执行力,确立有效的案件移送监督制度。     

商业贿赂犯罪的成因与对策探析

我国正处于社会转型期,商业贿赂犯罪的不断蔓延给我国经济、政治、文化造成了日益严重的现实危害和潜在威胁。由此,本文立足于当前我国商业贿赂犯罪的现状和特点,从经济、政治、法制、文化方面具体剖析了商业贿赂犯罪形成和发展的原因:市场竞争存在缺陷和供求失衡的影响;政治腐败的滋长和权力寻租;立法、执法和司法中存在缺陷;多元文化冲突和商业领域的亚文化。在此基础上,本文提出了与商业贿赂犯罪成因相对应的综合治理对策,包括深化体制改革,建立透明政府;加强廉政建设;完善惩治商业贿赂犯罪的刑事立法;建立查处商业贿赂的协作机制;完善市场诚信体系建设。本文将商业贿赂犯罪的成因分析和治理对策置于个人与社会的互动过程中,期望通过多视角的分析,对商业贿赂犯罪的综合治理提供一些借鉴。