中国农村信用合作社经营绩效的实证分析

中国农村信用合作社的发展规模比较小；其经营特征呈现出资产结构异化，股金规模偏低，存贷款剪刀差的特征；其经营效率呈现出高成本、低收益的形势；其资金主要来源于成本较高的定期储蓄存款；经营结果表现为资产质量低，不良资产比例高，经营亏损严重。因此，中国农村信用合作社的改革迫在眉睫。其改革必须从内部和外部两方面入手，在内部应着力组建真正的信用合作组织，在外部应重点构建合理的制度框架。     

略论先富起来和共同富裕的关系

共同富裕是社会主义的目标和社会主义本质的体现,但实现共同富裕却是一个长期的过程。既要允许和鼓励一部分地区、企业和一部分人靠诚实劳动先富起来,又要先富带动和帮助后富,逐步实现共同富裕。     

社会融资总量与金融宏观调控新目标

社会融资总量是一定时期内实体经济从金融体系获得的全部资金总额,是反映金融业对实体经济资金支持的总量指标。目前,中国人民银行已经启动了对社会融资总量的统计监测工作,并致力于将其作为货币政策新的中介目标。社会融资总量包括信贷融资、证券融资、保险融资、其他融资等多种形式。加强对社会融资总量的统计、监测和调控,能够全面反映整个社会的流动性状况,有利于推进宏观审慎管理。     

Short Sales and Price Discovery in the Hong Kong Real Estate Market

Indirect real estate (IRE) returns are often shown to lead direct real estate (DRE) returns. Apart from differences in liquidity, transaction costs, and management skills, the DRE market is also less complete than the IRE market—when negative shocks arrive, one can only short IRE (e.g., real estate stocks or REITs), but not DRE. This study investigates if short sales in the IRE market convey any information to the DRE market. Based on high‐frequency (weekly) property price data in Hong Kong from 2000 to 2012, we find that short sales in the IRE market led DRE returns, even after controlling for the lagged IRE returns in a VAR model. This supports an information spillover mechanism in which the DRE market learns private information that is not reflected in IRE returns. The spillover effect, however, weakened after the recent global financial crisis because the increased uncertainty over the credibility of individual firms made short sales more reflective of firm‐specific information than real estate market fundamentals.     

Determinants and outcome of career competencies: Perspectives of hotel managers in China

This study aims to explore the determinants and outcome of career competencies. Based on the notion that organizations and individuals have respective obligations in the career management of employees’, this study developed perceived “organizational career management’ (OCM) and “career commitment” as determinants and career satisfaction as an outcome of career competencies. Data were collected in the state-owned hotels in China, and structural equation modeling was used to test the proposed relationships. The findings indicate that both perceived OCM and career commitments have positive, direct effects on career competencies. The findings of this study may benefit both hotels and hotel employees by providing valuable implications.     

From hotel career management to employees’ career satisfaction: The mediating effect of career competency

The purpose of this study is to explore the relationships between perceived hotel career management, career competency, and career satisfaction. It also aims to examine the mediating processes through which hotel career management contribute to employees’ career satisfaction. Results from structural equation modeling (SEM) show that career competency mediates the effects of three dimensions of hotel career management (career appraisal, career development, and career training) on career satisfaction. The article concludes with implications for theory development and management practice.     

森林旅游资源经营权市场化问题思考

森林是现今生态旅游的重要方面,我国森林旅游经过10多年的发展,已初具规模,但由于受到经营机制的限制,森林旅游业,尤其是地方性的森林旅游业发展出现了重重阻碍。文章从森林旅游资源经营权市场化,即所有权与经营权分离的可行性和必要性着手,对经营权市场化过程中涉及的双方权利义务、资源定价、价格程序等进行了有益地探讨。     

制度约束下县级政府财政收人能力分析

除经济发展水平、社会环境等因素外,财政体制和财政制度也会对某一地区的财政收入能力产生影响.对于县(区)级政府来说,这种制度约束主要包括税收征收权、地区内税收多级管辖权和政府间转移支付制度.由于我国实行全国范围内统一的税制,对县级政府财政收入能力的制度影响主要体现在后两个方面.     

FDI在华区域分布影响因素的实证分析

自改革开放以来,随着外商在华直接投资的增多,FDI地区分布不均匀的现象越来越明显。本文采用2002年的相关数据,对影响FDI在华区域分布的因素进行实证分析。结论表明,当前我国FDI区域性分布与各地区的经济实力、投资环境、人力资源有关,而平均工资对外商直接投资几乎没有影响,说明外商在决定向各地区投资时更关注的是软环境因素(市场潜力、投资环境等)。文章最后根据这些影响FDI在华区域分布的因素提出了一些吸引外商直接投资的相应对策。     

宁镇扬经济板块产业互补性发展的实证研究

为了实现资源的优化配置,提高城市经济的发展速度,南京、镇江、扬州三市组成经济板块是必然趋势。然而,该板块不仅是地域的融合,更是优势产业互补的经济融合。文章基于区域比较优势和区域经济发展梯度转移理论,运用区位熵法对三市的三次产业及第二产业所包含的各个产业和部门进行了分析,并在此基础上提出了三市优势产业间互补性发展的策略。