Board composition,monitoring and credit risk: evidence from the UK banking industry

This paper examines the effects of board composition and monitoring on the credit risk in the UK banking sector. The study finds CEO duality, pay and board independence to have a positive and significant effect on credit risk of the UK banks. However, board size and women on board have a negative and significant influence on credit risk. Further analysis using sub-samples divided into pre-financial crisis, during the financial crisis and post crisis reinforce the robustness of our findings. Overall, the paper sheds light on the effectiveness of the within-firm monitoring arrangement, particularly, the effects of CEO power and board independence on credit risk decisions thereby contributing to the agency theory.     

基于出口信用保险机制的我国小微企业发展问题研究

小微企业是我国外贸经济的重要组成部分,但在复杂多变的国际形势下,小微企业的发展面临海外买家的商业、政治等诸多风险,而我国出口信用保险制度正是为出口企业提供风险保障的一项政策性支持措施.开展出口信用保险机制与小微企业发展联动问题的研究,找出目前我国现行出口信用保险机制的诸多不利于小微企业发展的问题并提出应对举措,以达到完善出口信用保险机制,更好服务于小微企业发展的目的.     

技术进步、保险保障与农民收入——基于东中西部地区地级单位的面板GMM方法

使用面板GMM方法,对我国322个地级行政单位2007-2015年数据进行实证研究,结果发现,总体上农业技术进步与农业保险保障对农民收入具有正向作用,但部分区域存在不同结论;同时,农业技术与农业保险的协同效应并没有在保障农民收入方面很好地发挥作用.为此,在政策制定过程中,一方面应重视区域间的差异性,另一方面应强化技术与保障两种工具之间的协同效应.     

Welfare effects of insurance contract non-performance

Non-performance lies at the heart of much of the regulation that insurance companies face. Consumers’ concerns about non-performance of the insurance provider have also been cited as a possible explanation for low demand of microinsurance. We provide a behavioral evaluation of the welfare effects of non-performance risk. We test the hypothesis that the presence of non-performance risk negatively impacts not just take-up of insurance but more importantly the welfare of the insured. We also test if violations of the reduction of compound lotteries axiom could drive this decrease in take-up and welfare. The results show that the compound risk characteristic of non-performance risk does not significantly decrease the welfare of insurance choices made by individuals. This counter-intuitive result is sensitive to the structural modeling of risk preferences. If one assumes the reduction of compound lotteries axiom does characterize behavior towards risk, one finds evidence that non-performance risk reduces welfare for the insured. But if one correctly allows for violations in that axiom in the representation of risk preferences, which is appropriate if one is going to test for the effect of compound risk from non-performance, then the counter-intuitive result is obtained. Take-up is not a reliable proxy for welfare, and the behavioral drivers of take-up are again not the same drivers of welfare. These results provide structural behavioral insight to inform normative policy design with respect to insurance regulation.     

南京港石化运输发展战略分析

港口已成为我国国民经济和区域经济发展的重要战略资源．石化产业是南京的第一大支柱产业,因此研究南京港石化运输对南京经济发展具有十分重要的意义。文章介绍了南京港石化运输的现状,通过运用有效的SWOT分析法．分析了南京港石化运输发展的优势、劣势、面临的机遇和威胁．并提出了南京港未来发展的对策及建议。     

人员高效配置的新模式——推行“X-X”和“T-T”型人员配置方案的构想

基于现有人力资源无法适应工程量的波动、单一的技能掌握无法实现员工角色类型转变的状况。目前单一的"I"型人员配置模式成为制约公司迅速发展的"瓶颈"。方案从现代人力资源管理的角度去探求适用、可行、高效的人力资源配置新模式——即"X-X"、"T-T"型人员配置模式。     

中小企业发展中的财务管理问题及解决之道

一、我国中小企业现状简析中小企业在世界各国的经济中都占有举足轻重的地位,我国也不例外。中小企业不仅为解决社会就业问题发挥着巨大的作用,而且以其灵活的经营机制和旺盛的创新活     

中国二手车价值评估体系研究

比较了国内外二手车价值评估体系的差异,从中找出中国二手车市场及价值评估领域存在的问题,分析二手车价值评估的内涵,借鉴国外市场的成功经验和做法,探讨中国二手车价值评估的发展趋势。     

基于GIS技术的危险化学品物流系统的风险管理

以GIS的空间信息系统为依托,运用风险管理的方法,对危险化学品物流系统中各个环节的风险加以评估,从控制损失的角度分析了相应的决策方法。     

武汉城市圈交通和物流与经济的良性互动发展政策

文中分析了武汉城市圈交通、物流和经济的良性互动发展的需求,认为在中部崛起的整体战略下,交通运输体系的完善、现代物流体系的构建对于武汉城市圈的经济飞跃缺一不可,提出了以交通和物流作为武汉城市圈经济活动的平台,完善政府相关政策,保障城市圈经济的发展的建议。