应该将扩大消费需求提升到国家战略的高度

消费问题经过几十年的讨论,至今仍没有得到一些人的高度重视。重投资,重GDP的增长,不重视消费拉动的老毛病,一直制约着我国经济的可持续发展。事实上,如果我国消费水平再不上一个新台阶,还将制约我国经济的持续发展。应该将扩大消费需求提升到我国发展的战略高度来认识。一、应     

The rise of cost accounting: evidence from Italy

Accounting historians link the origins of cost accounting to the rise of manufacturing firms and, in a more detailed way, to efficiency control, pricing and decision-making problems faced in those organizations. To date, the international debate has mainly focused on practices in the USA, Great Britain and France, with little evidence available of developments in other countries, such as Italy. In this paper, the authors analyse the development of cost accounting in an Italian firm, 'La Magona d'Italia'. This iron, steel and tinplate firm, situated in Piombino, is observed over the period 1865-1940, i.e. during the central phase of the industrial revolution in Italy. We find that several factors influenced the implementation of a cost accounting system at Magona, including efficiency control, strategic decision making, and stock valuation. We also find a strong British influence on Magona's strategy, organization and information system, particularly in respect of finance, managers, technology and accounting practices. There is little evidence that Italian accounting traditions and practice played much of a role.     

Can governance help in making an IPO “successful”? New evidence from Europe

This paper investigates the determinants of a “successful” IPO from a corporate governance perspective upon a representative sample of European listings from 2000 to 2015. We use an extensive dataset of market performance, financial data, and corporate governance characteristics to run the investigation. Differently from previous studies, our analysis embraces both a short‐term perspective and a medium–long‐term perspective, where the board of directors seems to perform different tasks, moving from a value creation to a value protection strategy. Among the others, we find that board size, board independence, and their qualifications, together with their experience in other boards, are associated with a positive performance of the IPO in a short‐term horizon and in the medium–long‐term period, although significant differences emerge among those time perspectives.     

Food Prices,Ethics and Forms of Speculation

Journal of Business Ethics - This paper examines the role of speculative motives in the determination of commodity prices and specifically food related commodity prices. The motivation for this...     

关于消费环境的几个问题

“中消协”2006年的年主题是“消费与环境”,这一年主题具有重要的意义。3月11日,湖南省消费者委员会、湖南师大商学院和本刊编辑部在湖南师范大学商学院联合举办了一次“消费与环境”的理论研讨会,50多名专家学者出席了会议。这里选登部分发言与论文。     

关于构建节约型消费模式的思考

本文界定了节约型消费的内涵并分析了其特点;论证了倡导节约型消费的战略性意义;分析了中国不合理的消费方式及其存在的原因;并对构建节约型消费模式进行了初步探讨。     

消费者权益保护的契约分析--从消费契约不完全性视角的研究

市场经济就是一种契约经济，消费者和生产经营者者之间的交易关系本质上就是一种契约关系，消费者权益也都是通过消费契约来界定的．但消费契约又是不完全的，通过消费契约对消费者权利的界定也就不可能是完全的。对于契约（明确的和默认的契约）已经界定的权利来说，消费者权益保护的中心就是契约的有效履行问题；对于契约没有界定的权利来说，消费者权益保护问题的关键就是剩余权利公正合理地配置问题。     

把食品质量安全作为"健康·维权"的重点

“中消协”把“健康·维权”列为2005年维权的主题,对于促进我国国民身心健康、落实以人为本的科学发展观和构建社会主义和谐社会,有很大的现实意义。“健康”是个大概念,包括身体健康、心理健康和人身安全等等,综合指标可以是国民的平均寿命影响健康和平均寿命的因素很多,诸如衣食住行、医疗保健、生活环境、人际关系等,既有外部的,相应的健康维权也需从多方面努力。从我国现实情况看,我以为应把食品的质量安全作为重点,因为:1 食品消费在国民健康和和构建和谐社会主义社会中具有特别重要的作用。民以食为天,食品消费是最基本的消费。…     

The coskewness puzzle

We propose a novel approach to testing non-linear stochastic discount factor (SDF) specifications that arise in rational representative investor models. Our approach does not require overly-restrictive assumptions about the shape of investors’ preferences, typically imposed by the extant literature, and is based instead on restrictions that rule out “good deals”, i.e., arbitrage opportunities as well as unduly large Sharpe ratios. We apply this framework to test the empirical admissibility of 3 and 4-moment versions of the CAPM. We find that, while coskewness and cokurtosis risk help price a number of stock strategies and portfolios, including static strategies based on a fine industry-level diversification, momentum strategies and portfolios managed on the basis of available information, the CAPM and its 3 and 4-moment versions cannot provide an exhaustive account of observed asset returns.     

Understanding the Interplay Among Regulatory Self-Efficacy,Moral Disengagement,and Academic Cheating Behaviour During Vocational Education: A Three-Wave Study

This study uses a quasi-experimental design to investigate what happens to individual socially responsible attitudes when they are exposed to group dynamics. Findings show that group engagement increases individual attitudes toward social responsibility. We also found that individuals with low attitudes toward social responsibility are more likely to change their opinions when group members show more positive attitudes toward social responsibility. Conversely, individuals with high attitudes do not change much, independent of group characteristics. To better analyze the effect of group dynamics, the study proposes to split social responsibility into relative and absolute components. Findings show that relative social responsibility is correlated with but different from absolute social responsibility although the latter is more susceptible than the former to group dynamics.