四川退耕农户自我发展模式及启示

四川退耕还林工程自1999年启动以来,取得了显著的生态效益和社会经济效益。文章通过对四川退耕还林典型地区的调查,总结出两类主要的退耕农户自我发展模式,并对其优点和存在的问题进行了分析,最后从寻找适合农户自我发展模式,保障农户长远发展和巩固退耕还林成果的角度,总结了许多有益的经验和启示。     

对企业清欠工作的成本分析及建议

本文通过对企业清欠过程中的时间成本和空间成本进行的分析,结合地勘企业实际情况,提出了坚持诚信原则,互相清欠,保证企业在市场竞争中良性发展的若干建议。     

一站式实训工厂开放与运行模式研究与实践

论文以一站式实训工厂开放与运行模式为研究对象,从组织结构、实训内容、考核过程和方法、就业对接四个方面,选定某一群体专业学生进行了一站式实训工厂开放实践,取得了一定的效果,为今后的实训工厂开放工作提供参考。     

Seven key steps for rapidly scaling up multi-unit operations

While there are many organizations that seek to quickly grow into multi-unit operations, the academic literature is surprisingly limited in what advice it provides to those confronting the managerial capacity limitations scaling up to multiple units presents. In this Executive Digest, we detail one co-author’s experience in rapidly developing the east coast market for Starbucks and outline the knowledge he brought to the process that came from prior rapid growth experiences with Burger King, Blockbuster, and Wendy’s. We present seven key steps for rapidly scaling that can guide any manager seeking to build a multi-unit operation quickly.     

Determinants of individual investment decisions in investment‐based crowdfunding

We investigate determinants of investment decisions in investment‐based (equity and bond) crowdfunding campaigns, using a novel investment‐, investor‐ and campaign‐level database, where equity refers to investments in entrepreneurial start‐ups and bonds to large real estate projects. We find that investors who have higher social interactions invest more. Social interactions are important in an equity crowdfunding context but do not affect participation in bond investments. This is consistent with the view that investors' social networks help reduce information asymmetry. Women invest less in the riskiest (equity) investments but more in safer ones (bonds). These findings are better explained by differences in risk aversion than differences in overconfidence between men and women. Overall, the findings contribute to the understanding of how investment‐based crowdfunding can be a viable source of entrepreneurial finance and how entrepreneurs' campaign decisions affect investor participation in this new form of entrepreneurial finance.     

改革开放30年,彰显中国会计本科教学与时俱进

中国改革开放30年,以全面推进素质教育作为会计基础教育改革和会计专业教育改革的重要方向。会计本科教学在教学目标、教学理念、教学方案、教学手段、教学方法和教学管理等方面与时俱进,逐步形成了特有的教学风格,有效提高了本科教育质量。     

Aggregate stock market behavior and investors’ low risk aversion

This paper studies whether investors’ high risk aversion can be avoided in a representative-agent model that is able to explain aggregate stock market behavior in the US financial market. We present a consumption-based asset pricing model with a representative agent who has a ‘catching up with the Joneses’ preference to show that high risk aversion can be avoided in a representative-agent model that can help explain many of the empirically observed properties of the aggregate stock market return, including the equity premium and risk-free rate puzzles, the predictability of long-horizon stock returns, and the ‘leverage effect’ in return volatility.     

中国银行业的外国直接投资:意义及挑战

上世纪90年代,全世界新兴市场国家的银行业出现了外国直接投资迅速增加的现象,这些外国直接投资相应给这些国家的银行体系带来了深远的影响。作为世界银行业全球化发展的组成部分,从2003年开始,中国银行业证明了一个史无前例的新现象—大量的FDI涌入中国银行业,购买股份抢占中国银行业市场。本文试图描述银行FDI在中国的现状,并探索背后的主要原因,包括监管规则的改变、经济的稳健增长、银行业的发展和持续的非金融FDI。银行在公司治理、风险管理、内部控制和人力资源管理等方面出现初步但富有帮助的变化。整个银行体系也发生了变化,包括行业形象得到改善、信用文化得到培养、透明度得到加强、创新得到发展、效率得到提高。然而,对于整个银行体系和经济的有意义的影响目前还没有出现。尽管通过吸引国外有经验的合格战略投资者引进了国际先进的管理惯例,对于中国的银行来说,仍然需要很长时间来全面改革自己的信贷文化和不清晰透明的行为。而且,随着中国的全面开放,前面将会有很多艰巨的挑战,因此,作为一个新兴经济体,一定要有远大视野,全面理解银行业中FDI的长期重要角色,创造外国战略合作伙伴发挥其积极作用的必要条件,督促其提供服务的步骤,以及中国银行系统在全球银行价值链中的正确地位。     

China's Free Trade Ports: Effective Action Against the Threat of De‐globalization

With sluggish external demand and increasing trade protectionism by the USA and the European Union, China is facing severe challenges in implementing its deeper, ongoing reforms. To respond actively to such challenges, the Communist Party of China's 19th National Congress proposed to “promote a new pattern of all‐round opening up.” In particular, the establishment of free trade ports is considered an important means to realize deeper integration with the world economy. This paper discusses the background, the motivation, the possible challenges as well as a feasible path for the successful implementation of free trade ports in China. Based on the international experience, the construction of free trade ports in China requires freer trade in goods, high mobility of talent and free capital flow.     

福建省滨海旅游业可持续发展

分析福建省滨海旅游业可持续发展存在的优势和问题。探冰滨海旅游业实行可持续发展的对策措施。