股票回购规制:日本经验与中国改革

日本股票回购的规制经历了从原则上禁止到例外允许再到原则上许可的3个发展阶段。我国目前尚处于例外允许阶段。借鉴日本的成功经验,我国应进一步放宽限制,同时加强对其弊端的防止,建立严密、完整的规制体系,包括其资格、披露、方式和资金来源。     

The JOBS Act and the Costs of Going Public

We examine the effects of Title I of the Jumpstart Our Business Startups Act for a sample of 312 emerging growth companies (EGCs) that filed for an initial public offering (IPO) from April 5, 2012 through April 30, 2015. We find no reduction in the direct costs of issuance, accounting, legal, or underwriting fees for EGC IPOs. Underpricing, an indirect cost of issuance that increases an issuer's cost of capital, is significantly higher for EGCs compared to other IPOs. More importantly, greater underpricing is present only for larger firms that are newly eligible for scaled disclosure under the Act. Overall, we find little evidence that the Act in its first three years has reduced the measurable costs of going public. Although there are benefits of the Act that issuers appear to value, they should be balanced against the higher costs of capital that can occur after its enactment.     

工程管理硕士培养对比分析及路径探究

社会发展带动工程管理领域发展,促进企业对工程管理类人才的需求,进一步导致工程管理硕士（MEM）在人才培养计划中占据重要地位。基于现有文献及研究,对比分析国内外工程管理硕士发展历程,为工程管理硕士的培养提供思路。通过对比分析国内各高校工程管理硕士的培养模式及培养内容,构建教学质量保障体系PDCA管理循环结构,进一步丰富和完善MEM人才培养体系。同时提出MEM项目的优化路径,为MEM人才培养的各个环节的实践提供依据和保障。     

南非标准化的改革与发展

近年来,南非政府越来越重视标准化工作,并通过《南非共和国标准法》和《强制性规范的国家规制机关法》两部法律来推动南非标准化工作的改革,使其标准化工作朝着既符合市场化原则,又符合世界贸易组织（WTO）规则的方向发展。本文重点对《南非标准法》、《强制性规范的国家规制机关法》两部法律进行了深入的分析和解读,并对南非国家标准及其他出版物以及南非的强制性规范与技术法规进行介绍,总结和分析了南非标准化的特点。     

我国社会救助造血机制及其立法完善

法治视野中社会救助方式是指通过法律创设一系列制度化规定,明确社会救助的供给主体与对象,并依靠制度建设与公共政策调整为社会弱势群体提供相应的救助服务的一种手段。确定社会救助方式的基本类型,是开展社会救助立法工作的先决条件。目前,我国社会救助制度采取以输血救助为主,造血救助为辅的救助模式。该模式救助水平有限,社会成本较高,社会效果不明显。因此,我国《社会救助法（征求意见稿）》在立法理念上应注重输血与造血两种救助方式的结合,突出造血救助的重要性,在制度层面上加强造血救助机制的立法完善。     

大陆法系违法性本质理论的比较研究

在刑法现代化的过程中,必须以法治社会需要的刑法价值取向为标准,对行为无价值、结果无价值学说进行比较研究．寻找适合我国刑法价值取向的违法性实质理论。大陆法系刑法学在违法性本质问题上存在结果无价值与行为无价值之争,行为无价值论强调行为的反伦理性,结果无价值论关注行为结果对法益的损害,法治国家在刑法价值取向上强调刑法的保障功能。应该坚持结果无价值论。     

美国施行《海外账户税收遵从法案》对我国的影响及启示

美国国会于2011年6月通过的《海外账户税收遵从法案》是政府基于提高纳税人的税法遵从意识、打击利用境外投资或者转移资产方式偷漏税款、增加国家财政收入的政策目标而出台的。该法案的实施将增加我国驻外金融机构的运营成本;给我国相关部门、企业及居民的经济信息安全带来了挑战;也对我国税务机关的征收管理工作和信息化建设提出了新的要求。这一法案的实施,启示我们要充分重视第三方信息在税收管理中的重要作用;研究国际间信息交流规则,加强我国政府对本国公民海外资产信息的掌控能力,提高税务机关的征收管理水平。     

物权变动模式之分析

物权变动,无论从民法理论层面出发,还是从实践角度考量,一直是各国民法界关注的焦点.虽然我国<物权法>已颁布施行多年,但是人们对于我国物权变动模式的争论并未平息.本文试从比较民法的角度分析和论证不同物权变动模式的利弊,并论证我国<物权法>所确立的物权变动模式的合理性.     

交强险立法与实践的两个法律问题辨析——以侵权责任法律关系为视角

交强险倍受争议的所谓“无责赔付”原则,其依据是《道路交通安全法》第76条。道交法第76条规定在强制保险限额内不问侵权责避免任归属而径由保险埋单,属逻辑颠倒,片面强调交强险的社会救济功能,摒弃责任保险的基本逻辑,实为交强险诸多问题的根源。《侵权责任法》对此未有实质改进,失去立法矫正机会。实践中无辜受害车辆反而多赔肇事车辆...     

Risk management within the cannabis industry: Building a framework for the cannabis industry

Thirty states and the District of Columbia have legalized the use of cannabis for medicinal and/or recreational use by either formally or informally de‐criminalizing its use. However, cannabis remains a Schedule 1 drug under the Federal Controlled Substances Act (21 U.S.C. Sections 801 through 812), leaving federal law in conflict with the laws of over half of the states. As a result, market participants in legal cannabis businesses face risks due to the industry's unique legal status within the United States. We examine the risks and challenges deemed by the cannabis industry as the top risks facing the industry's continued future growth and its sustainability. In addition to general risks inherent in a nascent industry, a legal cannabis business faces additional risks, such as risks in its banking and finance activity, placement of insurance, payment of taxes, and managing its supply chain. These legal businesses also face true legal risk from the possibility of being shut down by the federal government and seizure of assets and product under the CSA. This paper also examines whether the cannabis industry would benefit from a futures market to mitigate price risk.