The Foundations of International Business: Cross‐Border Investment Activity and the Balance between Market‐Power and Efficiency Effects

The foundational international business (IB) scholarship grappled with whether multinational enterprises (MNEs) are largely efficiency‐enhancing or market‐power inducing institutions. Contemporary scholarship, however, often associates foreign direct investment (FDI) with efficiency‐enhancing properties and thus neglects the market‐power interpretation of the MNE. Such an imbalance is problematic given that the theoretical and empirical justifications behind the field's embrace of the efficiency interpretation are not fully evident. Instead, both efficiency and market‐power effects are seemingly present in cross‐border investment activity. Based on a comprehensive sample of up to 4,361 cross‐border investments materializing between 1986 and 2010, we present theoretically‐grounded hypotheses with regard to when market‐power effects will tend to dominate efficiency effects. We find that cross‐border investments undertaken by emerging‐market MNEs in both developed and emerging markets tend to involve substantial efficiency effects and minimal market‐power effects when compared with the cross‐border investments undertaken by developed‐country MNEs in both developed and emerging markets.     

对我国建立国际物流仲裁机构问题的研究

我国经济贸易和物流业的快速发展需要有良好的环境。文章提出为提升我国国际物流业的竞争力,在发展物流业基础设施和物流运作的基础上,还应该建设物流业发展的"软环境",其中包括物流仲裁环境。我国国际物流仲裁机构应该考虑设立在国际物流发达的口岸地区,还需要培育一支高水平的仲裁员队伍。     

我国会计准则与国际会计准则公允价值运用的比较

新会计准则引入了公允价值计量属性,在整体上与国际会计准则保持了高度的趋同性,但是也做了审慎的改进。主要从公允价值的应用范围和会计处理中的具体运用角度比较了我国会计准则公允价值运用与国际会计准则的差异。     

国际审计与鉴证准则理事会审计报告模式变革特征及启示

为了提高审计报告的沟通价值,为决策提供更多信息,一些国际机构开始探索审计报告模式变革,国际审计与鉴证准则理事会在2015年发布了新的审计报告系列准则。新审计报告准则虽然保留了通过/失败模式,但要求在审计报告中沟通“关键审计事项”,增加对“其他信息”的评价,关注持续经营假设并报告评价结果,并且调整了审计报告的段落结构,明晰了一些专业术语的表达。在详细解析国际审计报告准则内容变化的基础上,总结了国际审计报告变革的特征,并对国际审计报告变革可能带来的问题进行了深度剖析,以为中国审计报告相关准则的变革提供借鉴之处。     

基于技术创新和品牌的民营科技企业的国际化战略研究

入世以来,国内企业面临内外竞争对手的双重挑战,迫切需要国内的民营企业进行国际化战略,以形成自身的核心竞争力。文中将从技术创新和品牌这两个内外的重要点着手,集合具体的案例进行说明以做到理论和实践的结合。     

开放条件下国际资产定价模型的解析与检验

随着经济全球化的不断深入，国际资本市场的一体化程度也在不断加强，敌对国际资产定价问题的探讨显得颇为重要。尤其对开放条件下的国际资产定价理论与实证研究进行系统的梳理与分类，并对该领域现有研究中存在的问题提出未来研究的方向，更有学术价值。     

UNDERSTANDING THE INTERACTION BETWEEN INTERNATIONAL AND EURO AREA OUTPUT VOLATILITY

This paper addresses two main questions. First, it seeks to establish whether the stylized facts of the ‘great moderation’ that have been documented for the UK and US economies can be found for the Euro area. Second, it explores possible explanations for any changes that have occurred in the volatility of Euro area output fluctuations. In examining why business cycles have moderated, much of the existing literature has tended to concentrate on a few key factors. These include shifts in the structure of the economy, improved monetary policy and a ‘good luck’ factor. This paper, however, follows a relatively new branch of the great moderation literature by focusing on whether international business cycle linkages have changed in a way that may have perpetuated the dampening in Euro area output fluctuations. The results show Euro area output fluctuations to have significantly reduced in variability over the last quarter of a century. The results go on to highlight that, although Euro area cycles differ little from rest of the world cycles, the moderation in Euro area output fluctuations is only marginally due to changes in international business cycle linkages and smaller international and domestic shock variances.     

《国际结算》课程教学模式与教学方法综述

国际结算课程是高等院校金融贸易等专业的必修课程,具有很强的实用性和操作性,同时又具有国际性、交叉性的特点,但学生在学习的时候感觉内容枯燥、难以掌握。为了不断适应和满足社会对专业人才素质的要求,以及教学的需要,真正提高课堂教学质量,充分调动学生学习国际结算的潜能和积极性,需要不断地探索和总结合适的教学模式和教学方法。     

“国际旅游岛”背景下海南省高校休闲体育专业建设的思考

以海南国际旅游岛建设为背景,对海南省高校休闲体育专业建设进行初步探讨。通过分析海南省体闲体育发展趋势特征,提出海南省高校休闲体育专业的人才培养目标、培养规格,课程体系设置和专业方向设置的建议;探讨在教育培养方案、专业课程知识体系、专业教材和教师方面的制约瓶颈,以期望海南高校为国际旅游岛休闲体育产业培养相关优秀的专业人才。     

我国国际资本流动：直接投资 与非直接投资影响因素的比较研究

本文基于向量误差修正模型对1982-2010年期间我国直接投资类、间接投资类（含其他投资）、错误与遗漏及投资收益类三种类型国际资本流动的影响因素进行了实证研究。实证检验结果表明：在长期,我国三类国际资本流动与人民币对美元的实际汇率升贴水年率之间为负向变动关系,与中美利差、中美通胀之差、我国实际经济增长及人民币对美元的实际汇率预期之间为正向变动关系;在短期,三类国际资本流动与上述影响因素之间关系并非一致;实际经济增长是我国直接投资类国际资本流动的主要原因,人民币对美元的实际汇率预期是我国非直接投资国际资本流动的主要原因。