Capital regulation and bank balance sheet adjustments: a simultaneous approach

This study examines the balance sheets of banks in 15 Asian countries from 2004 to 2016 to explore how they respond to stricter capital regulation. We consider the simultaneity of balance sheet adjustments. Employing a normalisation method, the study found that Asian banks increased regulatory capital, primarily through retained earnings, and expanded assets over the study period. However, the two-step system Generalised Method of Moments results do not support the positive effect of capital regulation on regulatory capital components adjustments. In addition, stricter capital regulation even induces banks to reduce lending.     

上市公司股票回购的动机与效果分析——以格力电器为例

伴随着2020年突如其来的新冠疫情,上证指数出现了非理性的下跌,从而错杀了很多绩优的蓝筹股.因此,很多上市企业选择了股票回购,利用自有资金或者借入资金在二级市场上购买自己的股票.本文以格力电器为例,主要分析了上市公司股票回购的动机与效果,从而得到一些有价值的结论和启示.     

基于价值链视角的钢铁企业环境成本控制研究 ——以B企业为例

钢铁行业作为我国国民支柱产业,为我国经济发展提供了重要作用,同时由于其高能耗、高排放、高污染等问题,给企业带来了较大的环境成本压力,因此,钢铁企业主动进行环境成本控制尤为重要.本文基于价值连视角对钢铁企业环境成本控制进行研究,选取B企业为例.将环境成本控制的重点放在根据内外部价值链分解的各个价值活动中,并进行针对性的分析,为其他钢铁企业提供思路.     

Does CEO managerial ability matter? Evidence from corporate investment efficiency

Review of Quantitative Finance and Accounting - This study investigates how higher ability CEOs behave differently from lower ability CEOs in making investment decisions and, particularly, whether...     

The Importance of Intellectual Capital for Firm Performance: Evidence from Australia

This study investigates the dynamic relationship between intellectual capital (IC) and firm performance (FP) through system generalised methods of moments, when previous studies produced divergent results based on static OLS or fixed‐effects estimations. Based on 571 listed firms in Australia for the period of 2005–2014 (5518 firm‐years) this study reveals that IC efficiency is positively significant with ROA and ROE – which endorses resource‐based theory. Further analysis shows that human capital, structural capital and physical capital are also significant and confidently endorse resource‐dependency and organisation‐learning theories. The findings of this study are vital for stakeholders such as management, shareholders and potential investors to understand the role of IC for FP. Moreover, the findings are particularly important for policy‐setters to highlight the importance of IC and develop a systematic framework for IC disclosure. This study also opens new avenues for future research to consider the dynamic nature of the IC–FP relationship and account for endogeneity.     

论我国农村信用社改革的路径选择

由于农村信用合作社存在合作制原则扭曲、产权关系模糊、法人治理结构失衡和风险承担责任不明等制度缺陷,导致农村信用社运行机制僵化,经营效率低下。只有改革产权制度,控制政府不当干预,完善法人治理结构,制定《农村合作金融组织法》,发挥信用社协会积极作用,才能保证农村信用社健康、稳定、持续发展。     

浅论电力工程施工安全管理工作的方法

电力工程施工安全管理关系到电力施工企业的生存发展,必须给予高度的重视.文章分析了施工现场安全管理的重要性,并就目前电力工程施工现场的安全管理现状,结合实际工程,提出了加强电力工程施工安全管理工作的几点建议.     

泵送混凝土的裂缝分析与处治

广西一些高速公路、桥梁工程表明,泵送混凝土强度不足、凝结异常时有发生,特别是裂缝普遍存在,在一定程度上影响结构的抗渗性和耐久性,值得引起足够的重视.文章重点分析其产生原因,找出处治裂缝的措施.     

编制计量检测体系文件应注意的几个问题

编制计量检测体系文件时,仅按照CB/T19022.1是不够的,还必须参照完善检测体系的原则要求。在编制文件过程中还应考虑本企业的类型、体制、规模和环境条件,文件中只应写入与本单位有关的要素,符合本企业的需要,还要考虑经济效益。     

马克思主义的浪漫主义色彩——评弗朗西斯·兰德尔教授的《Marx the Romantic》

兰德尔教授从浪漫主义出发来解读马克思和马克思主义以及对《共产党宣言》,尽管在某些方面他是正确的,但是他却没有认识到尽管马克思和马克思主义以及《共产党宣言》诞生于浪漫主义欧洲,却从未局限于那个时代,而是不断的与时俱进。马克思的治学态度是严谨而且严肃的,马克思主义是科学的哲学、经济学和社会主义,尽管它带有一定的浪漫主义色彩,但不局限于浪漫主义时代之中。