发达国家解决中小企业融资难题的主要模式及借鉴意义

解决中小企业融资难问题必须以政府为核心,在突破现有政策的基础上,通过制度创新重新制定整体方案.其核心内容包括:建立以中央政府为核心,各级政府和企业参与的多层次社会的中小企业信用担保体系;深化中小企业改革,建立和完善中小企业法人治理结构和信用体系;深化金融体制改革,在引进国内外战略投资者的同时,通过对现有城市商业银行的重组,设立以中小企业服务为核心的中小企业银行;加快资本市场的制度创新,推出创业板市场,在增加中小企业对风险投资吸引力的同时,使更多合格的中小企业进入资本市场,打通中小企业的直接融资渠道.     

不同治理环境下制造业公司现金持有对其绩效影响研究

基于我国A股制造业上市公司2002~2011年数据,利用樊纲等编制的中国各地区市场化进程数据构建公司的治理环境,实证研究治理环境、公司现金持有与绩效之间的关系。研究发现,公司现金持有对其绩效产生了正面的影响,在治理环境差的地区这种影响更加明显。在治理环境好的地区,相对于国有公司,非国有公司现金持有对绩效的影响更大。在治理环境差的地区,国有公司和非国有公司的绩效对现金持有的敏感度差异较小。     

公司治理对上市公司估值的影响分析

本文在分析公司治理机制的基础上,将影响公司治理的各个因素进行量化,通过构建上市公司估值模型,对公司治理影响估值进行实证分析.本文的结论是,公司治理对上市公司估值的影响很大;治理结构完善的公司,其估值水平相对较高,反之亦反之.     

基于MCI与FCI对我国货币政策调控的比较研究

本文通过汇改以来的月度宏观经济数据分别构建我国的货币状况指数和金融形势指数,并对其进行比较分析。研究结果表明货币状况指数和金融形势指数能够反映我国货币松紧状况,并可以预测通货膨胀率,从而作为货币政策调控的辅助参考指标。分析结果还表明,FCI是通货膨胀率的先行指标,是引起通胀的Granger原因,在控制通胀方面作为指示器要优于MCI。     

公共管理类专业人才培养模式存在的问题及改革路径分析——新情境下学生就业前景分析视角

公共管理类专业的人才培养模式及与之相关的学生就业问题,直接影响着该学科及专业的持续生存和进一步发展。本文认为我校现行公共管理类专业人才培养模式存在的主要问题是教育提供者的人才培养预期、学生的从业发展意愿和社会需求主体吸纳毕业生的条件要求三者之间不相调适,并从中国现实情境下学生就业前景分析视角提出了解决此类问题的我校公共管理类专业人才培养模式改革的基本思路和路径。     

Accounting Research in Abacus,A&F,AAR, and AJM from 2008–2015: A Review and Research Agenda

This paper uses bibliographic mapping techniques to map the research conversation in four Pacific Basin accounting journals listed on the Social Sciences Citation Index (Abacus, Accounting and Finance, Australian Accounting Review, and the Australian Journal of Management). We identify the main research streams in these journals as Accounting Standards, Environmental Accounting, Earnings Management, Disclosure, Conservatism, Auditing, Impairment, Cost of Capital, and Corporate Governance. We critically review each research stream, identify emerging research trends, and suggest an agenda for future research on accounting in the Pacific Basin.     

Audit Partner Disciplinary Actions and Financial Restatements

This study investigates the signalling role and rectification effectiveness of an audit partner disciplinary system. The signalling role refers to whether sanctions reflect the poor audit quality of disciplined audit partners, and rectification effectiveness addresses whether disciplinary actions enhance subsequent audit quality. The sample consists of Taiwanese listed companies, in the period 2000 to 2006, where the identities of audit partners who sign audit reports and who are sanctioned are accessible. Empirical results indicate that in the pre‐sanction period, the probability of financial restatements by clients of disciplined audit partners is significantly higher than that of non‐disciplined audit partners. The more severe or frequent the sanctions, the higher the likelihood of financial restatements in the pre‐sanction period. These findings imply that audit partner disciplinary actions can serve as a signal of lower audit quality provided by those partners. The rectification effectiveness of disciplinary actions is examined from two perspectives: (1) the effects on subsequent improvements of audit quality of disciplined audit partners; and (2) audit quality enhancement of successor non‐disciplined audit partners who accept clients from disciplined audit partners. Empirical results show a lower probability of restating financial statements audited by disciplined audit partners after sanctions. We also find a lower likelihood of restating financial statements audited by successor non‐disciplined audit partners in the post‐sanction period. Both findings support our conclusion that audit partner sanctions improve audit quality. Overall, audit partner disciplinary actions can signal lower quality audit partners and are effective in enhancing audit quality.     

Impact analysis of September 11 on air travel demand in the USA

This study uses an intervention model to look at the impact of the September 11, 2001 terrorist attack on air transport passenger demand in the US. The result showed that both domestic and international air traffic was significantly impacted for 1 and 2 months, respectively. The impact pattern was thus abrupt and temporary, instead of gradual and permanent. The approach also provides better forecasts than the seasonal ARIMA benchmark.     

基于可持续发展的中小企业信用担保机制及对策研究——以天津市中小企业融资担保为例

构建可持续发展的中小企业信用担保体系是解决中小企业融资难的重要途径。在分析了我国目前中小企业信用担保体系现状的基础上,结合对天津市中小企业信用担保体系的实证分析和对日本成功经验的借鉴,阐述了我国中小企业信用担保体系存在的问题,并提出了相应的对策建议,即加强担保企业的规范化,创造保障中小企业信用担保体系良性运作的法律环境,改善中小企业信用评级机制,建立中小企业信用信息数据库。     

论知识经济学的一个重要基本原理——消费决定生产原理

一、马克思主义的“生产决定消费”原理模型与知识经济学的“消费决定生产”原理模型生产是社会再生产过程诸环节中的决定性环节,对交换、分配和消费各环节起主要的决定的作用,没有生产就没有交换、分配和消费;交换、分配和消费反过来又影响生产。这是马克思主义的一个基本原理