知识守门者企业间领导力与产业集群升级

作为产业集群中的核心异质性主体,知识守门者对于产业集群的知识更新和开放式升级至关重要。结合联盟管理中的企业间领导力理论,从知识守门者自身知识基础、网络能力和网络位置优势探讨了其在集群中的企业间领导力形成机理。在此基础上,将知识守门者在产业集群中的领导力划分为技术领导力、平台领导力和制度领导力3个维度。此外,结合湖南新材料产业集群案例,探讨了该集群中知识守门者科力远公司的技术领导力、平台领导力和制度领导力构建途径及其对集群升级的影响,研究结果证明了理论的合理性。最后,基于理论与案例结论,提出了促进我国集群开放式升级的若干政策建议。     

新《企业财务通则》特点评析

从新旧<企业财务通则>对比的角度,对新<企业财务通则>进行了较全面的分析.并归纳总结出了十大特点,认为新<企业财务通则>在财务管理体制、内容等方面有诸多创新,对构建我国新型企业财务制度体系具有重大意义.     

The Defects of WTO Anti-Dumping Rules and Related Reform

Since Canada made the first anti-dumping code in 1904,United States,Australia and France made their domestic anti-dumping codes successively.In 1947, the contracting parties made anti-dumping rules part of GATT （Article VI）.Due to the broad use of tariff and non- tariff trade barriers,few countries turned to anti-dumping measures in 1950s.Recently,because of the reduction of tariff and the restrictions on non-tariff barriers,the number of anti- dumping cases increases very quickly.For example,the total anti-dumping initiations in 1980 are 69,while the number of anti-dumping initiations in 2001 is 366.     

区域汽车贸易规则比较研究

区域汽车贸易规则是区域贸易协议的重要组成部分,其核心内容是确定区域内优惠关税。为了防止CKD生产方式,多数区域汽车贸易规则制定了汽车原产地规则。研究表明,区域汽车贸易规则对区域贸易特别是汽车零部件区域贸易产生了重大影响。     

Rules, principles and judgments in accounting standards

The distinction between rules-based and principles-based standards is not well defined and is subject to a variety of interpretations ( SEC, 2003 , p. 5). Yet there is a commonly held view that the FASB's standards are rules-based and the IASB's standards are principles-based. This article identifies the basis of this distinction. For research and development, the article compares the FASB standard with two principles-based standards. For each standard we identify and classify rules and judgments, and observe the level of justifications for the rules and assistance to support the judgments. The three standards have rules, are based on principles, and require the exercise of professional judgment; the less conservative standard requires more judgments and, unexpectedly, more rules. The results suggest that the rules-based versus principles-based distinction is not meaningful, except in relative terms. We conclude that a relatively more principles-based standards regime requires professional judgment at both the transaction level (substance over form) and at the financial statement level ('true and fair view' override). Furthermore, it is suggested that any FASB and IASB convergence will require agreement on the weightings given to the qualitative characteristics.     

最优货币政策规则的选择及在我国的应用

本文首先根据我国的实际数据 ,建立和估计混合型模型 ,并以此作为研究货币政策规则的基本框架。然后在随机模拟的基础上 ,以社会福利为基准 ,计算和比较三种货币政策决策方式对社会福利的影响 ,这三种决策方式是完全承诺的最优货币政策规则、最优的Taylor规则及相机抉择。同时计算与福利损失等价的通胀率变化 ,结果表明 ,最优的Taylor规则能够很好地近似完全承诺的最优货币政策规则 ,这为进一步改进我国货币政策的决策和操作提供了一个指导方向。其次 ,对我国目前的货币政策决策和操作存在的问题进行分析 ,特别是对目前我国盯住货币供应量的体制所存在的问题进行分析 ,并提出改进的方案     

中国化泰勒规则的构建与规则利率的估算——基于考虑金融周期信息的潜在产出与自然利率的再估算

我国货币政策正在向价格型调控方式转型,有必要探索符合我国实际的泰勒规则以确定政策利率目标水平,而如何科学合理地估算潜在产出和自然利率是关键。本文对构建多目标下的中国化泰勒规则时应考虑的因素作了深入探讨,并将金融周期信息纳入我国潜在产出的测算,同时采用基于潜在产出的方法对自然利率进行估算,进而分不同情形尝试估算我国的规则利率水平。结果表明,考虑金融周期信息后的潜在产出在金融扩张期将低于传统方法的估计结果,可为政策制定者有效应对经济运行的过热现象或泡沫化状态提供参考;无论是基于何种潜在产出和自然利率的测算组合,将国内外利差、房价涨幅偏离经济增长程度纳入中国化泰勒规则的构建均是合理的;不同情形下估算的规则利率走势,自2004年以来与货币市场利率走势均较为相近,且2013年后随着利率市场化改革的快速推进,差距呈明显缩小态势,但2017年下半年至2018年期间,受国际宏观形势和国内因素影响,估算的规则利率均快速上扬,与货币市场利率走低形成反差。     

Reflections on the current fashion for central bank independence

This paper challenges the time-inconsistency case for centralbank independence. It argues that the time-inconsistency literaturenot only seriously confuses the substance of the rules vs discretiondebate, but also posits an implausible view of monetary policy.Most worryingly, the inflationary bias featured prominentlyin the time-inconsistency literature has encouraged the developmentof a dangerously one-sided approach to central bank independencewhich entirely ignores the potential risks involved in maximisingcentral bankers' latitude for discretion. The analysis showsthat a more balanced and symmetric approach to central bankindependence is urgently needed. The views of Maynard Keynesand Milton Friedman are shown to shed some illuminating anddisconcerting light on a fashionable free-lunch promise thatis based on rather shallow theoretical foundations and empiricalevidence.     

行业变革下理财子公司的机遇和挑战

随着资管新规、理财新规和理财子公司管理办法的相继颁布,我国资产管理行业迎来了重大的变革。2019年,理财子公司陆续成立,作为一种全新的资产管理机构,因为体量大、背景深,对整个资管行业将产生重大影响。理财子公司成立于行业发生重大变革的背景下,面临着经营模式转型、关系重新定位、人才系统欠缺、能力亟待提升等方面的挑战,但同时也有市场机遇、政策机遇和转型机遇等方面的有利条件。面对行业变革带来的机遇和挑战,理财子公司要通过做好自身定位、打造合作共赢生态圈、建设三大体系、构筑四大基础,为客户和企业提供一站式金融服务。