房地产开发企业成本控制对策探讨

在房地产开发市场竞争日趋白热化的背景下,重新研究房地产开发企业的成本控制对房地产开发企业的生存和可持续发展显得尤为重要。房地产开发企业如果能够借鉴同行的经验,及时找出自身成本控制中存在的问题并采取切实可行的对策,必将成为其在竞争中取得优势的重要法宝。     

园林工程成本管理的分析研究

随着我国市场经济和工程建设的不断发展,园林施工企业在园林工程项目上的竞争愈加的激烈,项目的利润空间越来越低,园林工程建设成本管理的地位也越来越重要.园林工程施工成本是园林施工项目的管理核心,加强园林工程成本的管理工作将对争取利润的最大化起着巨大的作用,本文通过对园林工程成本的管理分析,从施工成本的预测、计划以及具体的管理实施出发,以做到合理的有效的管理园林工程建设的成本,从而向管理要效益.     

Disclosure,conservatism and the cost of equity capital: A review of the foundation literature

In this review piece, we survey the literature on the cost of equity capital implications of corporate disclosure and conservative accounting policy choice decisions with the principle objective of providing insights into the design and methodological issues, which underlie the empirical investigations. We begin with a review of the analytical studies most typically cited in the empirical research as providing a theoretical foundation. We then turn to consider literature that offers insights into the selection of proxies for each of our points of interest, cost of equity capital, disclosure quality and accounting conservatism. As a final step, we review selected empirical studies to illustrate the relevant evidence found within the literature. Based on our review, we interpret the literature as providing the researcher with only limited direct guidance on the appropriate choice of measure for each of the constructs of interest. Further, we view the literature as raising questions about both the interpretation of empirical findings in the face of measurement concerns and the suitability of certain theoretical arguments to the research setting. Overall, perhaps the message which is most clear is that one of the most controversial and fundamental issues underlying the literature is the issue of the diversifiability or nondiversifiability of information effects.     

The relationship between product diversity, usage of advanced manufacturing technologies and activity-based costing adoption

This paper examines the associations between product diversity, usage of advanced manufacturing technologies (AMT) and activity-based costing (ABC) adoption. Theory strongly suggests that product diversity is a major determinant of the demand for ABC systems. To date, the results of empirical research on the relationship between product diversity and ABC adoption have generally been inconclusive, however, suggesting that there either may be no strong relationship, or that methodological issues may have prevented researchers from consistently finding it. Using a dataset of survey responses from 191 Dutch, medium-sized manufacturing firms, this paper re-examines the relationship between product diversity and ABC adoption. Improving upon the measurement of product diversity and distinguishing between ABC adoption and use, it examines whether the relationship is curvilinear (inverted U-shaped) and/or moderated by usage of AMT. The paper contributes to the literature by showing that, consistent with the underlying theory, product diversity, on average, is positively related to both ABC adoption and ABC use, but also that these relationships are indeed inverted U-shaped and that the relationship with ABC use is negatively moderated by usage of AMT.     

银行个体特征、外部融资成本和贷款行为的差异性——来自中国银行业微观数据的经验证据

本文运用了2007至2009年13家上市银行季度数据,考察了紧缩性政策下银行个体特征决定贷款行为差异性的机制。本文首先从我国当前银行体系制度约束的典型事实出发提出理论假说,然后建立引入银行个体特征的贷款决定模型,并进一步扩展为动态面板模型以对理论假说展开检验。研究表明,在以资产主导型的盈利模式,较为宽松的资本金补充机制和完善的银行间同业市场制度的约束下,银行的资产规模越小,资本充足率和流动性比率越高,可能会面临较高的外部融资成本,并且贷款下降幅度较大。反之,银行的资产规模越大,资本充足率和流动性比率越低,就会面临较低的外部融资成本,而贷款下降幅度较小。     

The Chrysler effect: The impact of government intervention on borrowing costs

This paper studies intercreditor conflict arising from political interference in the bankruptcy process. The U.S. government’s intervention in the 2009 reorganizations of Chrysler and GM purportedly elevated claims of the auto union over those of the automakers’ senior creditors in violation of bankruptcy priority rules. Critics predicted that businesses would experience an increase in their borrowing costs because of the risk that politically-powerful junior claimants might now leap-frog other creditors. We examine the financial market where this effect would be most detectible, the market for bonds of highly unionized companies. We find no evidence that bondholders of unionized firms reacted negatively to the government intervention and reject the claim that investors viewed the reorganizations as establishing a precedent for priority jumping by organized labor.     

Assessing the interaction effect of cost control systems and information technology integration on manufacturing plant financial performance

The interface between management control and information technology is an under-developed research area with a knowledge gap concerning its implications for financial performance. This study contributes to bridging this gap by investigating the interaction effect of cost control systems and information technology integration on manufacturing plant financial performance. We surveyed a sample of 518 managers of U.S. manufacturing plants, approximately evenly distributed between those using activity-based costing and volume-based costing. Using hierarchical regression analyses, results indicate that while information technology integration and cost control systems do not provide significant independent effects on plant financial performance, they do interact to positively impact manufacturing plant financial performance. Thus, our findings suggest that manufacturing plants will reap the greatest financial performance benefits from investments in activity-based cost control systems when combined with information technology integration.     

电子商务发展的金融信贷支持途径探讨

电子商务是利用现代信息网络技术的一种全新的商务运作形式,与实体经济正加速深度融合,金融机构要积极主动、大胆创新,深入开展调查研究,紧抓重点、创新适合电商企业发展的金融产品和管理模式,培育专业营销团队,从多方面加强对电子商务发展的金融支持。     

企业并购成本的战略效益分析

经过金融危机的洗礼,各国经济复苏发展,企业为了在市场发展中占领战略先机,纷纷通过兼并﹑重组来扩大市场规模,因此在并购过程中的付出成本成为企业管理层不得不重视的问题。论文试图从企业的战略发展角度出发,剖析企业的并购成本,分析成本对企业并购产生的战略效益,针对战略发展的需要提出减少企业并购成本的措施。