价值链、价值创造与管理会计关系研究

随着科学技术的进步和生产力的发展,以及顾客消费水平的不断提高,管理会计面临着诸多困境,价值链会计管理应运而生,并且随着社会经济环境的不断变化,其对企业的影响会越来越明显,本文对此进行了探讨。     

地区经济差距中的社会资本、交易费用分析

社会资本是和物质资本、人力资本相并存的一种资本形式,它是指在现实中可以为个体或组织带来更多增值收益的除了物质资本和人力资本之外的所有客观存在,它的核心在于信任、合作。社会资本的使用通过影响交易费用大小并进而影响经济发展。本文将运用社会资本理论借以分析中国的地区差距问题,文章认为地区差距问题的主要原因在于不同地区社会资本内容的差异。     

Characteristics of technology transfer in business ventures: the case of Daejeon, Korea

This article explores the characteristics of venture business and entrepreneurs in Korea to (1) identify technology transfer activities, (2) analyze the differences between technology transfer in linear and nonlinear venture businesses, and (3) guide more effective venture business policy and strategy. This empirical assessment reveals that entrepreneurs have insightful evaluations about their resources and capacities as well as expectations with regard to functions and features of science parks and incubators. Respondents from “linear model”-based start-ups tend to be older and have higher education, employ more basic research and development (R&D) and have more R&D-oriented careers, and have more varied work experience than “nonlinear”-based start-ups. The functions and features of science parks and incubators were generally not considered a critical influence on start-ups nor on the growth of venture businesses. Accordingly, alternative venture-nurturing strategies are discussed as being key to accelerate venture businesses growth.     

产业集群优势下优势企业的打造

充分发挥区域经济优势和产业集群优势 ,打造优势企业和产品的“世界工厂” ,政府应加强政策引导 ,转变自身的职能 ,企业要创新产权制度 ,加大技术研发 ,积极吸纳先进的管理经验 ,形成政府和企业的合力。     

A multiregional model of China and its application

China's rapid economic transformation since 1979 has been accompanied by a stark regional disparity with the coastal provinces integrating swiftly into the world markets while inland regions lagging far behind in the industrialisation process. The growth imbalance has placed China's provinces into different stages of development and called for different policy responses to deal with different challenges they are facing. Similarly, a national policy initiated by the central government is likely to be interpreted and implemented in different ways when local governments take into consideration the different conditions in their localities. Therefore, it would be extremely valuable for policy makers and researchers to have an analytical tool that is capable of studying interactions among the provincial economies and the dynamic relationship between the centre and local governments. The multiregional econometric model of China presented in this paper is the first attempt to provide such a tool. The pioneering model consists of over 1200 equations, covering 30 provinces of China that are linked by inter-regional flows of goods and services. The model is used to study the impact of fiscal recentralisation in the 1990s. The counterfactual simulation results show that when China's central government diverted tax revenue from provincial governments, it achieved higher budgetary revenue for the central government but at the expense of lower overall budgetary revenue and slower economic growth.     

Finite Dimensional Affine Realisations of HJM Models in Terms of Forward Rates and Yields

Finite dimensional Markovian HJM term structure models provide ideal settings for the study of term structure dynamics and interest rate derivatives where the flexibility of the HJM framework and the tractability of Markovian models coexist. Consequently, these models became the focus of a series of papers including Carverhill (1994), Ritchken and Sankarasubramanian (1995), Bhar and Chiarella (1997), Inui and Kijima (1998), de Jong and Santa-Clara (1999), Björk and Svensson (2001) and Chiarella and Kwon (2001a). However, these models usually required the introduction of a large number of state variables which, at first sight, did not appear to have clear links to the market observed quantities, and the explicit realisations of the forward rate curve in terms of the state variables were unclear. In this paper, it is shown that the forward rate curves for these models are affine functions of the state variables, and conversely that the state variables in these models can be expressed as affine functions of a finite number of forward rates or yields. This property is useful, for example, in the estimation of model parameters. The paper also provides explicit formulae for the bond prices in terms of the state variables that generalise the formulae given in Inui and Kijima (1998), and applies the framework to obtain affine representations for a number of popular interest rate models.     

How different is Japanese corporate finance? An investigation of the information content of new security issues

This article studies the shareholder wealth effects associatedwith 875 new security issues in Japan from January 1, 1985,to May 31, 1991. The announcement of convertible debt issueshas a significant positive abnormal return of 1.05 percent.There is an abnormal return of 0.45 percent at the announcementof equity issues that is off-set by an abnormal return of 1.01percent on the issue day. Abnormal returns are negatively relatedto firm size, so that large Japanese firms have abnormal returnsless different from those of U.S. firms than small Japanesefirms. Our evidence is consistent with the view that Japanesemanagers decide to issue shares based on different considerationsthan American managers.     

用科学发展观统领分行发展

一家商业银行的发展,无论是外部的改革要求,还是自身战略转型的要求,必须坚持科学的发展观和正确政绩观。文章回顾了南京分行近年来改革与发展的历程,从指导思想到战略措施,条分缕析,为分行经营者提供了有益的借鉴和参考。     

技术服务企业实施QHSE管理体系的探讨

QHSE管理体系是质量、健康、安全、环境为一体的管理模式。该管理体系的建立使企业内的职责和权限更明确、清晰．为企业节省了大量的审核时间及审核经费，为企业带来了经济效益。结合企业管理现状，通过对管理体系的具体分析．提出企业实施QHSE管理体系的几点建议。     

Oil shocks,policy uncertainty and earnings surprises

The study utilizes a structural VAR model to understand the connections among oil shocks, policy uncertainty and aggregate earnings in US. We find that the positive innovations in US oil supply increase the aggregate earnings. A rise in the US policy uncertainty decreases the aggregate earnings. After 2007 with the shale oil development in US, the earnings responses to the US oil supply shocks has increased. Over time shocks to US oil supply reduce the policy uncertainty. The development of US oil production is associated with the increase in income and the enhancement on political and economy security in US. Policy uncertainty plays an important role in the transmission of oil shocks to the earnings. The structural oil price shocks explain around 35% of the overall variations in the policy uncertainty in the long run and cause long swings in the policy uncertainty. The direct effects of oil shocks on the aggregate earnings are amplified by the endogenous responses of policy uncertainty.