Interactions between real economic and financial sides of the US economy in a regime-switching environment

This objective of this study is to examine the linkages between real (economic) and financial variables in the United States in a regime-switching environment that accounts explicitly for high volatility in the stock market and high stress in financial markets. Since the linearity test shows that the linear model should be rejected, we employ the Markov-switching VECM to examine the same objective using the Bayesian Markov-chain Monte Carlo method. The regime-dependent impulse response function (RDIRF) highlights the increasing importance of the financial sector of the economy during stress periods. The responses and their fluctuations are significantly greater in the high-volatility regime than in the low-volatility regime.     

论财务管理和内部控制对企业发展的作用

建立内部控制制度就是在企业内部建立一套自我调节、自我约束的控制系统。企业财务管理及内部控制是一个古老而又充满活力的话题,其目的就是要回避风险,内部控制制度是现代企业管理的重要手段,是社会经济发展到一定阶段的产物。     

Ambidexterity under digitalization: A tale of two decades of new media at a Swedish newspaper

The digitalization of the newspaper industry represents a significant challenge for incumbent companies to engage new technologies. Many companies in the industry have had to seek new markets through digital technologies to survive. This paper explores how one of the largest Swedish newspapers, Aftonbladet, has strategically embraced new media and new markets. We report a decade of engaged scholarship based on interviews and archival analysis that covers 20 years of strategic acts at the company. We consider this effort as a case of organizational ambidexterity under digitalization. The analysis seeks to extend theoretical understanding of the interrelationships between strategic intent and technological choice. The paper contributes to the understanding of ambidexterity under digitalization by theoretically framing it in terms of strategic acts. The research suggests that digitalization implies a more complex ambidexterity interrelationship between old and new markets and technologies. As digitalization enables the loosening of previously tight couplings, the clear theoretical distinction between old and new, and critically, the unproblematic transition, is brought into question. The paper suggests replacing the notion of an orderly shift from the old to the new with ambidexterity under digitalization as a duality of both old and new undergoing continual reconfiguration.     

陕西省纺织企业可持续增长与财政补贴关系研究

本文以陕西省12家纺织企业2009年的观测值为样本,对企业的可持续增长及其获得的财政补贴的相关性进行研究。结果表明:陕西省纺织企业的可持续增长率与财政补贴金额呈显著正相关。另外,企业规模、企业成立年限与财政补贴金额正相关,营业收入增长率与财政补贴金额负相关。     

会计信息系统理论结构研究

由系统论结构决定功能原理可知,会计信息系统的理论结构决定了会计信息系统的功能极限,从而决定了会计信息质量特征。借鉴科学研究纲领方法论,会计信息系统理论结构分为两类,即基础理论和应用理论。基础理论包括硬核层和保护带层,应用理论包括商务智能层、流程管理层和项目实施层。这些理论层层嵌套、各司其职,构筑了会计信息系统的运行程序和约束规则。会计信息系统的系统结构、系统秩序、系统牵制共同决定了会计信息系统的功能。     

关于财政审计大格局下固定资产投资审计的若干思考

当前各地审计部门正在积极探讨构建财政审计大格局,固定资产投资审计是财政审计的重要有机组成部分,本文从审计计划、审计目标、审计方法、审计成果利用等方面入手进行改革创新,以推进财政审计大格局下固定资产投资审计工作。     

中石油存续公司财务管理模式初探

文章通过综合分析各类影响因素，并借鉴历史经验教训，考虑其现实条件和管理要求，认为中石油存续公司适宜采取集权式财务管理。并从财务机制、财务制度等方面进行改革和创新，制定并实施相关的保证措施，以确保集权式财务管理体制能够有效运行。     

农村金融服务体系的问题及完善探究

国家的发展建设离不开农业发展的推动,在社会主义现代化建设进程中,农村的经济发展占据着重要地位。但是,就目前而言,国内的农村金融服务体系还不够完善,其整体的体系构建存在着许多的问题。基于此,论文对农村金融服务体系存在的问题进行了深入研究,并提出了加快金融创新,提高竞争活力、改善银行环境以及坚持建设银行的“支农”定位等完善农村金融服务体系的建议。     

我国上市公司再融资与财务业绩动态变化研究

本文对上市公司再融资的3种形式及对财务业绩在时间上的变化进行了分析，提出了无论配股、增发新股、发行可转换债3种方式对财务指标的影响是下滑的，而对企业的核心业务是增强的，但不显著。发行可转债优于配股和增发。     

户主受教育程度对家庭风险性金融资产选择的影响研究

利用中国家庭金融调查数据（CHFS）,通过Probit和Tobit模型解释户主受教育程度对风险性金融资产选择的影响,并对内在传导机制进行中介效应、调节效应分析。结果显示：户主的受教育水平对风险性金融资产的参与度和持有比例有积极影响,地区、城乡间影响差异明显,风险态度和家庭收入对户主受教育程度影响金融资产选择存在中介和调节效应。研究结论对进一步优化家庭金融资产配置有一定启示意义。