开辟中国第四产业——创新产业

本文基于超广义资源的观点提出将创新作为第四产业来发展的思路;提出创新成果是一种超广义资源,对创新应当给予报酬,并且把它当作一种产业来发展。对创新成果的利用应当给以征收超广义资源税,从而解决高科技行业高利润和贫富悬殊,及创新工作投入不足问题,有效解决就业问题,特别是大学生和研究生的就业问题,利于中国企业能够应对WTO的挑战,以及解决减少农业税带来的财政收入空缺。     

A Quarter of a Century of Performance Auditing in the Australian Federal Public Sector: A Malleable Masque

Utilizing Porter's (1981) theoretical framework for historical narrative analysis, this article examines the history of performance auditing in the Australian federal public sector. The analysis considers four crucial events in the period 1973-98 the Royal Commission on Australian Government Administration (1976), the Australian National Audit Office efficiency audit developments (1979), the Joint Committee of Public Accounts Inquiry (1989), and the struggles over the passage of the Audit Act 1997. The analysis supports the proposition that performance auditing is a malleable social construct rather than a definitive performance review technology. The construction of its technological basis has been contested, with several concepts being included or excluded by various groups. These have both reflected and influenced agendas and activities at individual, organizational, institutional, sociopolitical and socioeconomic levels in the Australian public sector. Performance auditing is therefore revealed as a masque that ultimately may defy any universal technical definition.     

资源基础观、内部控制效率与企业成长

本文在回顾产权视角内部控制效率文献及其局限性分析的基础上,从资源基础观这一新的视角来剖析内部控制效率,将资源基础理论与企业成长理论纳入到企业内部控制效率的分析框架,即企业内部控制模式的配置行为和效率不仅是基于产权理论节约交易成本的效率性行为,更是基于资源基础理论追求持续成长优势的战略性行为,从而在企业内部控制战略模式的效率标准和效率方式上提出了新的观点。     

A proposal for more sophisticated normative principles in introductory economics

Introductory textbooks teach a simple normative story about the importance of maximizing economic surplus that supports common policy claims. There is little defense of the claim that maximizing surplus is normatively important, which is not obvious to non-economists. Difficulties with the claim that society should maximize surplus are generally not addressed. Economists are thus frequently criticized by non-economists for having a poor moral foundation for our normative claims. We should tell a more sophisticated normative story that justifies the moral importance of surplus, but acknowledges that other moral values may conflict with generating surplus and that distribution is not always separable from efficiency. This would allow students to make more compelling arguments in favor of normative positions they accept, regardless of the values they hold.     

Predictability dynamics of Islamic and conventional equity markets

This study undertakes the challenging task of comparing the weak form efficiency of conventional and Islamic equity markets. Using 12 different Dow Jones indexes that cover 16 years of daily data, we compare the time-varying non-linear predictability patterns of conventional market indexes and their Islamic counterparts at country and continent level by using permutation entropy. Accordingly, we find that all indexes in our analysis have different degrees of time-varying predictability and all conventional markets are found to be more efficient compared to their Islamic counterparts. However, in some of the cases, this difference in efficiency is almost indistinguishable. Our findings reveal that compared to their conventional counterparts, Islamic markets do not necessarily need to carry a more deterministic or predictable structure since efficiency in these markets depends mostly on liquidity, market quality, institutional characteristics and the country/continent specific investment behavior.     

有效预警上市公司违规的递延所得税异动指标和人工智能模型

2000-2017年,3434家A股上市公司样本中的47.79%至少有一次违规记录,每年平均有17%的公司违规,而监管机构平均需要2.7年查证并通告违规行为。我们用当年数据构建递延所得税异动指标,可有效预判违规,并发现监管机构未能识别这一指标的警示作用,实际激励了违规公司通过操纵递延所得税提高财务指标以规避稽查。进一步构建决策树模型,对违规事件实现样本外精准判别。本文揭示了A股公司大面积违规而稽查过程冗长迟缓这一重要现象,并分析了违规机制,指出了所得税数据在稽查违规中可以发挥的预警作用,为监管者和投资者提供有效预警上市公司违规行为的新指标和方法。     

Why Quality May Not Always Win: The Impact of Product Generation Life Cycles on Quality and Network Effects in High-tech Markets

Marketing literature has recently witnessed major debates about the critical drivers of success – namely, the quality versus network effect, in high-tech markets as well as the efficiency of such markets. Extant research suggests that both quality and network effects are significant factors determining market share in these markets, but that quality effect is more important. Based on surveys of several retail managers and a new dataset on the US video game industry from 1995 to 2007, we replicate and extend this research in several directions: (1) we replicate and confirm prior results that both quality and network effects are critical drivers of market share; (2) network and quality effects vary over the product generation life cycle, and hence, quality does not always win; and (3) in the Growth and Maturity phases of the product generation life cycle, network effects can trump quality effects. Our empirical results provide some practical insights for retail managers.     

生态文化在“两型社会”建设中的制度效能——基于新制度经济学视野的思考

新制度经济学认为,制度分为正式制度和非正式制度。生态文化是一种具有多功能价值的复合型文化,是＂两型社会＂建设中的重要非正式制度。作为一种科技伦理文化、人本伦理文化和社会价值文化,生态文化是＂两型社会＂建设的重要文化根基。最大限度地发挥生态文化在＂两型社会＂建设中的制度效能,是实现＂两型社会＂目标的客观要求。     

商品出口与对外投资对经济增长贡献效率之比较

商品出口、对外投资是“走出去”的两种方式,也是利用外部资源、促进中国经济增长的两个主要因素。本文提出一个贡献率效率概念,利用此概念,得出结论：对外投资对经济增长的贡献更有效率。因此,中国今后应重点发展对外投资型的“走出去”。     

Taxes on labour and unemployment in a shirking model with union bargaining

This paper studies the impact of a cut in labour taxes in a model that combines two explanations for equilibrium unemployment: employee shirking and union bargaining. It is shown that if the ratio of unemployment compensation to the net-of-tax wages is kept fixed, a tax cut leads to higher unemployment. When the unemployment benefits are fixed in real terms, the effect of a tax cut on unemployment is ambiguous. Adverse employment effects are ruled out if unions are powerless or the labour share is constant.