影响信用评级市场发展与评级产品应用的几个问题

我国信用评级市场发展和评级产品应用受制于法律法规不完善、评级管理不统一、评级需求失衡、制度机制不协调等因素。应加快信用评级市场管理的法制建设,明确信用评级市场的地位与作用,理顺监管体制和管理机制,加强对信用评级产品应用的政策扶持,提高信用评级市场自我发展能力。     

《企业所得税法》反避税规则带来的挑战

随着我国经济与世界经济的高度融合,跨国投资日益增多,关联交易愈趋频繁,反避税与避税的博弈也变得越发激烈。本文在对《中华人民共和国企业所得税法》(以下简称《企业所得税法》)反避税规则进行解读的基础上,剖析了未来反避税工作发展的新趋势,从税务机关和企业的角度分别论述了应对措施。     

构建企业税务管理目标模式及对策

企业税务管理是企业管理的重要组成部分,加强企业税务管理对规范企业行为、规避税务风险具有重要的现实意义。加强企业税务管理,需要确定企业税务管理的具体目标和模式,在此基础上探讨企业税务管理的应对措施,达到准确纳税、有效控制税务风险、税务筹划的目的。     

对资产评估中负债的思考

本文在探讨企业负债及其作用的基础上,从资产评估的目的、评定估算过程、企业资金管理和评估风险预防这四个方面深入分析了负债与资产评估的关系。分析表明,负债评估是资产评估中值得思考的一项内容。     

Social networks,mass media and public opinions

Our opinions and ideas are shaped by what our friends said and what we read or watched on mass media. In this paper, we propose a concise and analyzable model to study the effects of mass media modeled as an applied external field, and social networks on public opinions based on the multi-state voter model, and a tuned parameter can control the relative intensity of the effects of mass media and social networks. We consider a generalized scenario where there exist committed or stubborn agents in the networks whose opinions are not affected by their friends or mass media. We find that the fraction of each opinion will converge to a value which only relates to the fractions and degrees of stubborn agents, and the relative intensity between media and network effects. The final agents with media opinion, except the stubborn agents, also include the increment produced by the internal impact of social networks and that caused by the external impact of media. Interestingly the second increment is composed of two parts, one is from the media effect when there are no interactions between agents and the other is from the influence of media on agent opinions caused by social network structure. That is the interactions among agents within social networks can amplify media influence. Finally we also discuss several extensions to the dynamics model which consider more realistic scenarios.     

京杭运河船型标准化研究

基于京杭运河标准化船型的重要性,对航道现状及现有船队进行分析,对船型研究提出了改进运输编组方式、采用升降式驾驶室、改进货船双层底、采用环境保护等一系列措施,具有一定的参考价值。     

何时“寸有所长”:组织支持感调节下员工自恋人格对工作塑造的影响

工作塑造是指员工主动塑造工作的任务、关系和意义.以往探讨个性特征与工作塑造的研究多集中在“光明”人格(如主动性人格等);而寸有所长,研究显示即使是“黑暗”人格(如自恋)也可能在一定情况下对如创造力等员工行为有着积极影响.基于情境强化模型和主动性行为的动机路径机制,本研究以374名金融行业初级管理者为调查对象,考察了员工自恋人格与组织支持感的交互效应对工作塑造以及主观职业成功的影响.研究结果表明:自恋人格与组织支持感的交互作用显著影响工作塑造,在高组织支持感下高自恋人格的员工有更多的工作塑造,但在低组织支持感下自恋人格与工作塑造不相关;研究还发现员工的工作塑造与其主观职业成功正相关;而自恋人格与组织支持感的交互作用通过工作塑造间接影响主观职业成功.     

强制分布评价法有效性的研究述评与展望——如何提高强制分布评价法的有效性

强制分布评价法在提高绩效水平上有着突出的优势,但同时也存在着引发不公平感与破坏性竞争,提高企业相关成本的风险.对于这个充满争议的绩效考核方法,学者们开始关注其有效性,并对其影响因素进行研究.本文从强制分布评价法有效性的研究背景出发,通过对强制分布评价法有效性的相关研究进行梳理,总结出影响强制分布评价法有效性的四大影响因素,包括环境、操作、考核者和被考核者四个方面,并指出企业在实施强制分布评价法时可以通过企业文化匹配性、设计合理性以及加入团队指数考核等方面来提高考核的有效性,最后总结得出关于强制分布评价法有效性的实践启示与方向展望.     

China's Free Trade Ports: Effective Action Against the Threat of De‐globalization

With sluggish external demand and increasing trade protectionism by the USA and the European Union, China is facing severe challenges in implementing its deeper, ongoing reforms. To respond actively to such challenges, the Communist Party of China's 19th National Congress proposed to “promote a new pattern of all‐round opening up.” In particular, the establishment of free trade ports is considered an important means to realize deeper integration with the world economy. This paper discusses the background, the motivation, the possible challenges as well as a feasible path for the successful implementation of free trade ports in China. Based on the international experience, the construction of free trade ports in China requires freer trade in goods, high mobility of talent and free capital flow.     

Does the cessation of quarterly earnings guidance reduce investors’ short-termism?

The practice of providing quarterly earnings guidance has been criticized for encouraging investors to fixate on short-term earnings and encouraging managerial myopia. Using data from the post–Regulation Fair Disclosure period, we examine whether the cessation of quarterly earnings guidance reduces short-termism among investors. We show that, after guidance cessation, investors in firms that stop quarterly guidance are composed of a larger (smaller) proportion of long-term (short-term) institutions, put more (less) weight on long-term (short-term) earnings in firm valuation, become more (less) sensitive to analysts’ long-term (short-term) earning forecast revisions, and are less likely to dismiss chief executive officers for missing quarterly earnings targets by small amounts, relative to investors in firms that continue to issue quarterly earnings guidance. Our study provides new evidence of the benefit of stopping quarterly earnings guidance, that is, the reduction of short-termism among investors.