Factors in the Development of Trade Credit: Case Study of Provinces in China

Using Chinese province-level panel data for 2001-9, we investigate significant factors for the development of financial intermediation via trade credit in developing economies. First, we confirm that a competitive market environment, a well-functioning legal system, and greater bank loans for non-state-sector firms promote the development of trade credit in China. Conversely, corruption hinders its development. Second, we find that proper functioning of the legal system and bank lending to non-state-sector firms are highly likely to be the causes of the complex relationships between these determinants. Finally, we observe that an increase in the number of lawyers effectively improves the quality and function of the legal system, which, in turn, alleviates the harmful influence of corruption on trade credit development.     

信贷期限结构的通货膨胀效应分析——基于山东省数据的实证分析

本文基于2010年至2013年山东省的短期贷款、中长期贷款和居民消费物价总指数的月度数据,采用协整检验、误差修正模型、脉冲响应分析和方差分解法对山东省信贷期限结构的通货膨胀效应进行实证分析。结果发现：短期贷款对物价水平产生负效应,具有抑制通货膨胀的作用,而中长期贷款会导致物价上涨,形成通货膨胀压力。     

关于中小企业融资难原因的实证分析

由于中小企业自身的特点难与以银行为主体的融资体系匹配,于是融资难成为限制中小企业发展的重要问题。本文基于深证交易所49家中小板企业的财务信息数据对中小企业融资难的因素进行实证分析,认为企业规模、企业盈利能力、抗风险能力、内部积累水平以及企业担保价值对中小企业融资产生了直接影响,并针对问题给出相应政策建议,中小企业需要不断完善自身条件,政府需要给予中小企业融资政策保护,帮助中小企业持续长久的发展。     

高职院校学生党支部创新研究

高校学生党支部建设是高校思想政治工作的重要支撑点,在学生中起着政治核心作用,是党联系学生的桥梁和纽带。在新时期,加强学生党支部建设,必须做到工作创新,本文结合所在高职院校实际情况,重点从组织设置形式、党员发展和学生党员教育工作机制等方面开展研究,达到创新。     

西方社区银行经营优势理论综述

社区银行是以关系型信贷技术为核心的金融模式,擅长处理软信息,能够满足中小企业的金融需求。信息技术的发展和银行监管的放松,使社区银行的生存面临严峻的挑战。发展社区银行对完善我国金融体系,特别是对破解农村金融困境具有重要意义,因此,需对社区银行进行准确定位并优化其生态环境,探索中国特色的社区银行发展之路。     

Development credit corporations: Not-for-profit development finance institutions in the postwar United States

Development credit corporations (DCCs) were innovative not-for-profit organisations first set up in the United States in the years after World War II. DCCs borrowed from financial institutions and lent on a long-term basis to small companies that needed funds to expand or maintain their operations but did not qualify for long-term credit from conventional lenders. DCCs were private-sector bodies created at the state level under charters issued by state governments. The organisations were established in more than half the American states. DCCs continue to function in the contemporary era, and have thus proved to be a permanent fixture in the landscape of development entities and not-for-profit financial institutions.     

The Role of Individualism/Collectivism in Critical Classroom Encounters

Abstract

Internationalization raises the issue of whether, and to what extent, the inherent culture of a country may have particular influence on the nature of service interactions, and on education (i.e., student-professor interactions) specifically. Thus the service encounter in the classroom becomes a subject of increasing importance and interest with respect to satisfactory and unsatisfactory outcomes, and also with respect to related behavioral outcomes such as word-of-mouth and repatronage. This paper investigates these issues in classrooms of higher education by utilizing the Individualism-Collectivism dimension of culture in four different samples: China, New Zealand, Poland, and the United States. Differences are identified with respect to the types of critical incidents reported, nature of the outcome, and behavioral responses to those encounters.     

Which school systems sort weaker students into smaller classes? International evidence

We examine whether the sorting of high- and low-achieving students into classes of different sizes results in a regressive or compensatory pattern of class sizes for 18 national school systems. Sorting effects are identified by subtracting the causal effect of class size on performance from their total correlation. Our empirical results reveal strongly compensatory patterns of sorting within and especially between schools in many countries. Only the United States, which has a decentralized education finance and considerable residential mobility, exhibits regressive between-school sorting. Between-school sorting is more compensatory in systems with ability tracking. Within-school sorting is more compensatory where administrators rather than teachers assign students to classrooms.     

再论经济转轨中的流动资金贷款问题

流动资金紧张一直是困扰我国企业的一个难题，但这一问题却不是仅仅依靠银行增加流动资金贷款供应数量就能解决的，其背后隐藏着深刻的经济和体制原因。本文从经济制度的转轨与变迁，以及社会资金配置方式与经济增长、发展的内在联系等宏观视角出发，深入分析了我国企业流动资金配置方式的变迁过程，揭示企业流动资金肾张与银行流动资金贷款高不良率等问题形成的逻辑，提出化解这些难题的整体战略思路：在宏观战略层面上，转变发展战略和改革社会资金配置方式；在微观操作层面上，改进企业、银行以及政府的微观机制，使其行为和相互关系更为科学合理。     

民营企业参与金融不良资产处置问题研究

文章从当前我国民营企业参与金融不良资产处置的现状入手，深入探讨了民营企业参与金融不良资产处置的必要性和现实意义，详细分析了民营企业参与金融不良资产处置的比较优势与不足，以及当前民营企业参与金融不良资产处置中存在的主要问题，并提出了相应的对策建议。