中国木浆造纸产业国际竞争力评价与发展对策研究

分析了中国木浆造纸产业国际竞争力发展条件以及进出口贸易基本现状,以产品国际贸易竞争指数、产品平均贸易价格、产业和企业平均利润率水平为指标体系,定量评价中国制浆造纸行业连续11年的国际贸易竞争能力及变化趋势。研究认为,中国木浆造纸业产品国际贸易竞争能力较弱。在评价基础上,从体制、技术、管理等方面,提出了发展中国木浆造纸产业国际竞争力的对策建议。     

浅议企业的品牌战略

论述了品牌的概念及对生产经营者的作用,在此基础上结合企业战略的三个层次论述了企业品牌战略的意义。认为品牌的持久含意在于其价值、个性和文化;品牌战略已成为现代企业战略组合的核心,能起到统领企业各项工作的作用。     

核函数主成分法和系统聚类法

采用核函数主成分法(KPCA)和系统聚类法(SCA)进行区域旅游竞争力的定量分析。在借鉴国内外相关研究成果的基础上,构建了基于和谐社会的区域旅游竞争力综合评价指标体系。根据指标体系的特点,采用核函数主成分分析和系统聚类模型进行分析评价。并对广东、江苏等旅游大省进行实证分析,科学地评价了这些省份的旅游发展竞争力。研究表明:核函数主成分分析法成功地实现非线性系统的降维,具有良好的适应性和可行性;系统聚类分析进一步验证了核函数主成分分析法分析的结果。     

Finance and consumption volatility: Evidence from India

The main objective of this paper is to explore the determinants of private consumption growth volatility in India, focusing on the role of financial sector policies. Using data for India over the period 1950-2005, the results show that the implementation of financial repressionist policies is strongly associated with lower consumption volatility. The results remain robust after controlling for a wide range of macroeconomic shocks and variables. The presence of a threshold effect implies that the benefits of financial reforms in reducing consumption volatility can only be reaped when the financial system becomes sufficiently liberalized. The results also indicate that the presence of a more open financial system may serve to dampen fluctuations in private consumption.     

The dark side of financial innovation: A case study of the pricing of a retail financial product

The offering prices of 64 issues of a popular retail structured equity product were, on average, almost 8% greater than estimates of the products' fair market values obtained using option pricing methods. Under reasonable assumptions about the underlying stocks' expected returns, the mean expected return estimate on the structured products is slightly below zero. The products do not provide tax, liquidity, or other benefits, and it is difficult to rationalize their purchase by informed rational investors. Our findings are, however, consistent with the recent hypothesis that issuing firms might shroud some aspects of innovative securities or introduce complexity to exploit uninformed investors.     

Reining in auditors: On the dynamics of power surrounding an “innovation” in the regulatory space

In the aftermath of Enron and the collapse of Arthur Andersen, new “independent” institutions were created to oversee financial auditing. Based on a modified version of Lukes’ multidimensional model of power, we first investigate how the creation of the Canadian Public Accountability Board (CPAB) has affected the dynamics of power among the main players enlisted in Canada’s regulation of public accounting. Our findings strengthen the view that a “form of allegiance” was, at the time of data collection, developing between CPAB and the largest Canadian accounting firms. Through a second analytical movement, we extend the boundaries of our argument, showing that patterns of resistance against the logic of arm’s length regulation operate in a variety of audit regulatory sites. Our conclusion points, in particular, to the spatial gap - and incidentally the limitations - of any attempt to control and supervise a globalized industry from a national or regional perspective.     

Nonfinancial and financial performance measures: How do they affect employee role clarity and performance?

Two recent studies have found that comprehensive performance measurement systems comprising both financial and nonfinancial measures (e.g., balanced scorecard) are positively related to managerial performance through role clarity. It is, however, unclear if these results are from the use of financial measures or from the use of nonfinancial measures. It is also unclear if these effects are achievable by using nonfinancial measures alone. This study provides insights into prior studies' findings by distinguishing those effects arising from nonfinancial measures from those arising from financial measures. Based on a sample of 121 managers, the results indicate that nonfinancial measures, by themselves, significantly influence managerial performance through role clarity. More importantly, they also indicate that the effect of nonfinancial measures on role clarity is substantially stronger than that through financial measures.     

水运业发展与金融资源配置研究——以贵港市为视角

水运业在综合运输体系中具有运能大、占地少、成本低、节能环保等比较优势。本文就贵港市水运业发展现状,通过对金融机构贷款与全市水运业收入及GDP进行计量分析研究,并对金融支持水运业不足的原因进行理论和实践探索,提出促进水运业发展与优化金融资源配置的对策措施。     

广西产业结构调整与金融支持研究

金融是现代经济的核心,是引导经济资源配置的重要动力。社会经济的发展得益于产业结构的不断调整、优化、升级,而产业结构的优化调整始终离不开金融的支持。本文系基于金融作用于产业结构调整进行机理分析的基础上,以广西产业结构发展现状作为研究对象,分析产业结构调整中金融支持方面存在的问题,最后就如何才能更好地支持产业结构调整升级给出了几点建议。     

先行先试视角下的区域金融政策创新取向--基于CAFTA框架下广西的实证分析

从CAFTA启动到纩西北部湾经济区发展规划》顺利实施,再到2009年12月《国务院关于进一步促进广西经济社会发展的若干意见》颁布,鼓励金融改革先行先试,而广西经济金融发展环境发生了重大变化,为区域金融发展及其政策创新拓展了空间。在此背景下,我们要抓住这个历史性机遇,结合广西的自身发展特点和区位优势,特别是我们应当结合广西的民族地区发展、中国一东盟自由贸易区开放前沿、西部大开发深化等发展机遇和条件,从体现区别性和差异性的角度来创新广西的金融政策,更好地促进广西金融改革创新的先行先试,降低金融机构准入门槛,完善广西的金融机构体系,推动广西区域性金融产品创新、金融服务创新和金融业务创新。