新公共管理理念与政府财务报告的完善

新公共管理是目前世界各国政府公共管理改革的方向,信息透明性是建立新公共管理模式的基础。本文根据新公共管理的特点结合我国政府公共财政管理改革的实际,针对目前我国政府财务报告中存在的问题,提出了相应的改进建议。     

家族企业财务管理问题的理性思考

改革开放以来,我国家族企业在发展过程中面临一系列的机遇,但同时也暴露出一些问题,特别是财务管理的不科学、混乱严重阻碍了家族企业的进一步发展。财务管理是现代家族企业管理的基础和核心,家族企业应当认真分析在财务管理方面的一些问题,强化财务管理的重要性,建立健全财务管理制度与监督控制制度。     

Implications of variant efficiency measures for policy evaluations in UK higher education

Policy goals in UK higher education encourage the publicly funded universities to become more-specialised and larger in size without compromising output quality. Efficiency gains are expected to flow from this increased specialisation in accordance with universities’ comparative research and teaching strengths. Mergers to reap further gains from economies of scale are also being actively encouraged. Given this scenario, the paper investigates whether best-practice efficiency measurement based on data envelopment analysis (DEA) provides empirical support for the current policy goals. It also assesses whether such support is dependent on the specific type of efficiency measure used in the DEA modelling. This assessment finds that a selection of (nine) commonly used, variant efficiency measures generally support the current policy goals. The paper also uses the principal-agent framework to explore the issues involved in using computed DEA-based efficiency scores for policy evaluations and possible funding guidance in UK higher education. This highlights empirically how policy-makers and universities can have very different preferences about which efficiency measure is to be used for policy evaluations and possible funding guidance.     

独立董事、战略审计与公司绩效

关于独立董事与公司绩效呈现弱相关关系的一个假说性解释是:独立董事对于作为关键绩效驱动因素的公司战略管理过程参与不足。独立董事积极参与公司战略管理的功能定位是战略监督与评价,而战略审计作为正式的战略监督与评价程序,是独立董事深入公司战略管理过程以提高其绩效贡献的有效途径。本文认为,在我国推行独立董事战略审计制度,必须解决独立董事人数与比例、审计委员会设置、独立董事来源与结构以及激励与权益保护等相关问题。     

运用GAHP法建立研发人员绩效考评体系

本文运用群体层次分析法(GAHP)结合研发人员自身的特点,建立多级研发人员绩效考评体系,运用Hadamard凸组合集结判断矩阵,解决了考评体系制定过程中受决策者主观偏好影响较大,考评指标难以定量描述的问题。并结合该体系在一家企业的应用,说明了其在研发人员绩效考评方面应用的有效性。     

用GAHP法和FCE法进行建设项目财务综合评价

提出用GAHP法确定建设项目财务综合评价指标体系和指标权重，用FCE法改进单指标评价，使得财务评价能为项目决策提供综合的、定量的、更合理的依据。     

Understanding resource deployment efficiency for ESG and financial performance: A DEA approach

COVID-19 has stimulated additional research interest on economic sustainability and ESG in both academia and industry. This study adopts a DEA approach to examine the efficiency of achieving ESG targets and their relationships with financial performance. Using MSCI ESG data from 2015 to 2019 on 1108 Chinese firms, we examine the ESG proportional and pillar mix efficiencies. The dominant strategies for our sampled firms are to improve overall ESG performance by enhancing the E and S pillars through sacrificing G’s performance. The second result shows a positive relationship between proportional efficiency and financial performance while a mixed relationship between pillar mix efficiency and financial performance. However, for the technology sector, there exists some trade-offs between ESG performance and financial performance. Specifically, relative to non-technology firms, improving proportional and pillar mix efficiencies for technology firms could result in some sacrifice in stock valuation.     

Do small businesses adjust their capital structure? Evidence from the global financial crisis in Japan

We investigate the extent to which small businesses adjust their capital structures to target levels when their leverage increases substantially during a financial crisis. We examine Japan's Emergency Credit Guarantee (ECG) program during the 2008 global financial crisis. The increased leverage from the use of the ECG program during the crisis increased the probability of default. Additionally, small businesses adjusted their leverage ratios to the target range before the crisis. However, such adjustments were weak during and after the crisis, particularly for target firms in the ECG program.     

差异化人才管理对员工创新绩效的“双刃剑”效应

基于调节焦点理论和公平启发理论,运用结构方程模型考量差异化人才管理对员工创新绩效的影响机制。结果显示：促进定向工作重塑在差异化人才管理与员工创新绩效之间起正向中介作用,防御定向工作重塑在二者间起负向中介作用;组织公平感正向调节差异化人才管理与促进定向工作重塑之间的关系,负向调节差异化人才管理与防御定向工作重塑之间的关系;组织公平感增强促进定向工作重塑的正向中介作用,削弱防御定向工作重塑的负向中介作用。     

“民主化”改革与地区经济表现

依据Polity IV数据库数据,考量20世纪90年代以来“第三波民主化浪潮”中,发展中国家朝着西方价值标准“民主”的重大转变对其经济表现的影响。结果显示,没有证据支持“民主化”改革促进了经济增长;相反,“民主化”改革引致国家治理能力下降,阻碍了经济发展。异质性分析表明,“民主化”改革对经济发展的负效应主要出现在撒哈拉以南非洲地区,且激进的“民主化”改革和被殖民国家的“民主化”改革对经济发展的负面影响更大。鉴于此,西方价值标准的民主既非一国经济发展的充分条件,也非一国经济发展的必要条件,一国选择何种国家治理模式与政治体制应考虑自身的历史、文化、发展阶段等实际国情,而不是盲目推行西式“民主化”。