The impact of microcredit on self‐employment profits in Vietnam

This study examines the impact of microcredit on household self‐employment profits in Vietnam. For two indicators of credit participation – a dichotomous participation dummy and the accumulated amount of microcredit received per household – the analysis reveals a positive effect on household profits. The analysis also reveals that an instrumental variable method within a fixed‐effects framework can control for the possible endogeneity of credit and thereby identify the true effect of credit.     

An analysis of the profitability of businesses of diversified companies

This paper presents empirical evidence on the relationship between diversification and profitability. The data set used in the analysis includes data on 55 U.S. corporations who participated in phase II of the project on Profit Impact of Market Strategy (PIMS).Following upon the pioneering work of Carl Kaysen, complex indices of diversification are developed. Cross sectional regression analyses indicate a statistically significant positive association between measures of corporate diversification and measures of business profitability (return on investment or profit margin on sales). These relationships are insensitive to variations in the treatment of outliers, and do not appear to be accounting artifacts.     

Price reversal,transaction costs,and arbitrage profits in the real estate securities market

This paper studies the return reversals of exchange traded real estate securities using an arbitrage portfolio approach. Using the approach, we find that there exist significant return reversals in such securities. These return reversals could be exploited by arbitrage traders if trading costs can be ignored. However, the arbitrage profits disappear after deducting trading costs and taking into account the implicit cost of bid-ask spread. Thus, the real estate securities market is efficient at weekly intervals in the sense that one could not exploit the price reversals via some simple trading rules.     

借鉴资本主义的理论渊源探析

本文简要论述了马克思恩格斯、列宁、毛泽东和邓小平从各自的时代特征出发,密切结合本国的国情和具体的实践,论述了社会主义应该借鉴资本主义的思想。     

新星促和谐,和谐助一流,一流出效益

文章对大唐岩滩水力发电有限责任公司积极创建和谐班组和新星班组工作进行论述,提出了＂新星促和谐,和谐助一流,一流出效益＂的班组建设新理念。     

企业通过强化财务体制提高融资能力探析

文章从一名在日本多年从事银行融资管理和企业诊断专家的视野出发，以财务会计理论为起点，通过剖析金融机构投资对企业财务报表的分析和看法，发现两者的共同利益点，进而提出了企业想成功获得金融机构的融资，就要改善自身的财务体制，为众多融资困难的中小企业指明了一条有效的融资之路。     

中国A股权证市场投资价值研究

由于近年来权证市场的交易量巨大,对权证的研究逐渐成为证券市场的热点之一。通过对权证市场投资总体收益的研究表明,权证市场缺乏投资价值,权证二级市场上投资者遭受了严重的亏损,而其最主要的原因就在于券商不合理的巨量权证创设。     

企业公益支出效用的理论分析

企业的公益支出不仅可以改善企业的形象,而且可以为企业的投资者和职工直接带来非经济上的效益.它所产生的效果可直接成为投资者的投资目的,也可以成为职工的劳动报酬的内容之一.它用于改善企业形象的部分和用于为投资者、劳动者带来非经济收益的部分所占的比例,随着企业公益支出总额的增加而按一定的规律发生变化.     

对新疆寿险业发展的分析与思考

加快新疆寿险业发展有助于新疆的建设与稳定。西部大开发政策的实施，为新疆保险业的发展提供了坚实的物质基础和前所未有的大好时机，但目前也存在制约保险业发展的因素。加快新疆寿险业发展要与全疆建设小康社会紧密结合起来，要紧紧抓住西部大开发这个良好机遇，要紧密结合区情，要通过提高服务水平增强核心竞争力，要立足有利于少数民族群众，各级政府要重视和支持寿险工作。寿险企业在边疆少数民族地区要实现经济效益和社会效益双赢。     

浅议绿色会计

传统的会计核算体系和国民经济核算体系 ,未考虑和核算资源及环境的价值 ,也未将环境污染和资源耗竭所造成的损失从国内生产总值和企业利润中扣除 ,已不适应今天的情况 ,此乃绿色会计产生的原因。绿色会计计算出来的是经过环境调整的国内生产总值和企业利润 ,是符合可持续发展战略和科学发展观要求的。文章从分析资源环境问题和传统会计体系的缺陷入手 ,阐述了绿色会计的任务和核算内容 ,并提出了在我国建立绿色会计的设想。