Countries’ adoption of the International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs) – early empirical evidence

The International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs) is increasingly being adopted in a number of jurisdictions. Despite the economic importance of non-publicly accountable entities, little is known about what factors influence countries' decisions to adopt IFRS for SMEs. In a unique sample of 128 countries, we find that countries that are not capable of developing their own local generally accepted accounting principles are more likely to adopt IFRS for SMEs. We also provide evidence that in jurisdictions where full IFRS have been applied to private firms, the likelihood of adoption of IFRS for SMEs increases, suggesting that jurisdictions reduce the financial reporting burden on SMEs. Moreover, in line with prior literature, there is evidence that countries with a relatively low quality of governance institutions are more likely to adopt this new set of accounting standards. The results also hold under alternative measures and different estimation approaches. Overall, our results are helpful in understanding the worldwide diffusion of IFRS for SMEs. Standard setters and regulators might consider our study in the future development of accounting harmonisation of non-publicly accountable entities.     

FDI流入我国东部地区的效应及启示

FDI为我国东部地区带来了促进经济增长、扩大就业、产业集聚、制度创新等积极效应.也带来了区域经济非均衡、"挤出"内资企业、冲击我国经济等消极效应.应扬长避短,发挥FDI更持久的积极效应,并在中部崛起中吸收有益经验,实现协调发展.     

我国西部开发的区域发展战略研究

西部开发是我国政府为推进全面经济建设而作出的重大战略决策 ,区域发展战略直接关系到开发的成败。我国要在总结和借鉴国外成功经验的基础上 ,对我国西部开发的区域发展战略进行认真地研究和探讨 ,以期为我国西部开发的成功进行提供一些有益的思路。     

不披露委托人身份的代理制度的引入——对《合同法》403条的法律探析

在前人关于间接代理的研究的基础上,探讨不披露委托人身份的代理同隐名代理的区别,倡导以新 《合同法》中关于委托的规定作为切入点,实现中西代理法律制度的融合,提出对不披露委托人身份的代理 与诚信原则的分歧的处理,从而引出关于第三人撤消权增设的有关问题。     

领导成员交换与员工创造力：情感机制的中介作用

情感是员工创造力的重要前因,而已有文献结论存在不一致,且未深入地探讨影响员工情绪的组织情境因素。文章依据情感事件理论,分析和检验了领导成员交换、积极/消极情感与创造力的关系,以及组织创造力支持感的调节作用。通过分析442对主管〖CD*2〗下属配对样本,结果表明：积极情感和消极情感在领导成员交换与创造力关系之间起部分中介作用;组织创造力支持感正向调节积极情感与创造力的关系,而对消极情感与创造力关系的负向调节作用不显著;最后,高的组织创造力支持感还调节积极/消极情感在领导成员交换与员工创造力关系间的中介作用。     

Attitudes and Motivations Toward Craft Beer Consumption: An Explanatory Study in Two Different Countries

This study adopts a revised model of the Theory of Planned Behaviour incorporating self-identity and desire for unique consumer products to understand and predict consumers’ motivation to drink craft beer in Germany (N=210) and Italy (N=211). Data were analysed using Partial Least Squares modelling (PLS) approach. The findings provide support that the extended TPB model is a useful tool for understanding the consumers’ choice to drink craft beer. The results confirm the major role played by consumers’ attitudes and self-identity. Mediation analysis indicates a potential indirect effect from self-identity, subjective norms and the desire for unique consumer products on individual behaviour both in the German and Italian sample. Implications for theory are discussed for further research developments within the context of consumption of crafted food products.     

Convertibility risk: the precautionary demand for foreign currency in a crisis

This paper presents theoretical work linking money demand to the perceptions of households about the risk that domestic currency may become inconvertible or that it may be devalued. An empirical investigation of the size of this effect is carried out using monthly data for Korea to estimate an augmented demand-for-money equation. It is found that the fear of inconvertibility arising from the 1997 Korean currency crisis may have caused broad money demand to fall by 4–5% points,equivalent to the loss of reserves of $6–7.5 billion (or about 30% of reserves as measured at end-November 1997). This is a revised version of IMF Working paper WP/2001/210; it was written while Professor Black was Senior Policy Advisor at the IMF Institute and Christofides and Mourmouras were staff members in the IMF’s Policy Development and Review Department. The views expressed are those of the authors and should not be attributed to the IMF, its Executive Board, or its management. For useful comments and suggestions we thank an anonymous referee, Tim Lane, Ydahlia Metzgen, Roberto Perelli, Tony Richards, Christian Mulder, Steve Russell, as well as seminar participants at the IMF Institute, the IMF’s Asia and Pacific Department, Federal Reserve Board, and Bank of Indonesia. We would also like to note similar (unpublished) empirical results using our approach by Dr. Rino Effendi for Indonesia and Angana Banerji for Russia     

再论经济转轨中的流动资金贷款问题

流动资金紧张一直是困扰我国企业的一个难题，但这一问题却不是仅仅依靠银行增加流动资金贷款供应数量就能解决的，其背后隐藏着深刻的经济和体制原因。本文从经济制度的转轨与变迁，以及社会资金配置方式与经济增长、发展的内在联系等宏观视角出发，深入分析了我国企业流动资金配置方式的变迁过程，揭示企业流动资金肾张与银行流动资金贷款高不良率等问题形成的逻辑，提出化解这些难题的整体战略思路：在宏观战略层面上，转变发展战略和改革社会资金配置方式；在微观操作层面上，改进企业、银行以及政府的微观机制，使其行为和相互关系更为科学合理。     

论保险代位求偿权行使的范围限制

保险代位求偿权当然有其行使范围.时至今日,理论界有很多学者认为:"代位求偿权只在财产保险中适人身保险中不存在代位求偿权."但依有些学者的态度,保险代位求偿权不只适用于财产保险.我国<保险法>的有关规定(第68条)虽有力地支持了否定说,但亦留下了一些缺憾.笔者建议将<保险法>第68条修改为:"人身保险的被保险人因第三者的行为发生保险事故的,保险人向被被保险人或者受益人给付保险金后,不得享有向第三者追偿的权利.但被保险人或者受益人仍有权向第三者请求赔偿."这样,肯定说就难有立锥之地了.     

混业经营制度下国有商业银行产品创新战略研究

对于国有商业银行来说,加入WTO后如何确定产品创新的战略目标和策略,发挥核心产品的优势为客户提供满足个性化需求的金融产品,从而赢得客户、扩大市场份额,是一项重大课题。本文从混业经营制度下的商业银行产品创新入手,分析了国内分业经营制度下,商业银行产品创新存在不能有效利用各要素市场,不能满足客户个性化需求,无法适应市场竞争的不足及其原因。在此基础上,作者提出了国有商业银行混业经营的目标路径和步骤;在混业经营制度下的产品创新战略定位选择;国有商业银行金融产品创新策略,包括机制创新、队伍创新、平台创新和产品创新。