政府间转移支付对国定扶贫县财政收入行为研究——基于592个国定扶贫县的实证分析

本文以国定扶贫县为研究对象,分析政府间转移支付对这一特殊群体财政收入行为的变化。文章从国定扶贫县财政收入规模的变化、税负的变化以及财政努力度的变化,分析转移支付与财政收入行为的关系。从实证结果来看,政府间转移支付的确对国定扶贫县的财政收入产生了负向作用,地方政府并没有因为转移支付的增加而积极组织自有财政收入。因此,为了更好地发挥转移支付的作用,必须调整转移支付结构,完善转移支付激励机制,减少地方政府的“投机”行为。     

Trade Balance： Numbers Can be Deceiving

I. Introduction Trade disputes have become more prevalent and acute in recent years. Almost all disputes have centered on trade balance and/or market access of certain merchandise or services. It is commonly believed by the public, media and politicians that trade surplus resembles mercantilism and trade deficit represents vulnerability. This is a major reason why Sino– US trade deficit and dispute settlements in the WTO relating to China have been stealingTrade Balance: Numbers Can be …     

一种需求不确定下的回购策略设计

基于促销努力影响需求、零售商不允许缺货且可以二次订货的情况,本文建立了由一个供应商和一个零售商组成的二级供应链回购契约模型,论证了无论是单纯回购策略还是回购策略下努力成本共担都不能实现供应链的协调,并引入奖励与惩罚策略来达到协调作用。最后,通过算例对模型进行了分析。     

商业模式创新与审计收费——基于线上销售的视角

考察企业线上销售这一商业模式创新对审计收费的影响，基于2009—2020年我国全部A股上市公司的年报数据，利用Python语言构建企业开展线上销售的度量指标，实证研究发现,企业开展线上销售会使得审计收费显著增加,该结论在经过一系列稳健性检验后仍然成立。从机制检验结果来看，线上销售增加了审计风险，导致审计师采取更多的应对措施，从而提高了审计收费。异质性分析结果表明，“四大”事务所、具有行业专长以及具有较高信息技术水平的审计师审计会削弱线上销售对审计收费的正向影响。总之，厘清了线上销售这一商业模式创新对上市公司审计收费的影响及作用机制，加深了关于商业模式创新对企业经营及审计行为影响的认识，同时也为推动审计行业转型发展提供了有益启示。     

System-Wide Runs and Financial Collapse

This paper presents a model in which small shocks to asset values can trigger system-wide runs. When lenders cannot distinguish which financial institutions have suffered losses after an adverse shock to asset values, healthier institutions can differentiate themselves from weaker firms by offering to borrow less at more favorable prices. However, to successfully separate, the healthy institutions must liquidate a fraction of their portfolio causing asset fire sales. Fire sales worsen the balance sheet integrity of the firms and, if too severe, this leads to a complete collapse of the financial system: a system-wide run.     

Recipe for perceived personalization in hotels

Personalization is commonly practiced in hotels as a means of addressing criticism of hospitality products and services as imitable. However, personalization attempts are not always successful, as customers may not perceive a service as personalized. Limited knowledge exists regarding how to craft personalized service successfully. This study explores how perceived personalization is formed in a hotel context by examining the causal relationship between actual personalization and perceived personalization. Mixed research design was adopted and three studies were executed sequentially. Study 1 comprises qualitative inquiries where two key factors (effort and surprise) of actual personalization attempts were identified. Their effects on perceived personalization were then tested through online experiments in Study 2. Finally, the relationships between actual personalization, perceived personalization and customer behavioral intention were confirmed based on survey data in Study 3. The findings can be conducive for hoteliers to implement successful personalization strategies.