Does bank competition promote financial inclusion? A cross-country evidence

The idea of financial inclusion has recently been discussed as one of the key strategies to enhance economic development (World Bank 2014). We move this discussion forward by examining if bank competition is a crucial component enforcing financial inclusion, which is arguably a finance supply-side driven process. In this study, we compute the financial inclusion index built on Sarma (2008) approach to better reflect banks’ willingness and capability to provide financial services. Applying System Generalized Method of Moments to the panel of 93 countries, we find that bank competition promotes financial inclusion.     

关于铁路精益生产指标体系及其作用的经济学分析

在铁路精益生产制推行过程中,要特别重视指标体系的构建及其作用的发挥。考核指标体系构建紧密结合铁路运输生产特点和生产流程,以完整运输产品供给为导向,以信息化为基础,以组织模式优化为保障,注重精益生产考核指标体系的激励性。     

动漫产业 花开正烂漫

以前,提到动漫,人们就不假思索地把它跟小孩子联系在一起,觉得那是少年儿童的专利。如今,应该没有什么人会那样想了。米奇老鼠、维尼小熊、HelloKitty等深入人心的卡通形象,已经深深打动了各年龄层次的人们。动漫产业给日本、欧美等国所带来的丰厚利润也让人们看到这个新兴产业的巨大潜力。千亿“蛋糕”等待瓜分动漫自1877年诞生以来,已经经过100多年的发展。据《2005-2006年中国动漫产业分析及投资咨询报告》所统计提供的数字:2004年,全球数字动漫产业的产值已达2228亿美元,与动漫产业相关的周边衍生产品产值则在5000亿美元以上,英国数字…     

Capital structure around the world: The roles of firm- and country-specific determinants

We analyze the importance of firm-specific and country-specific factors in the leverage choice of firms from 42 countries around the world. Our analysis yields two new results. First, we find that firm-specific determinants of leverage differ across countries, while prior studies implicitly assume equal impact of these determinants. Second, although we concur with the conventional direct impact of country-specific factors on the capital structure of firms, we show that there is an indirect impact because country-specific factors also influence the roles of firm-specific determinants of leverage.     

目标公司股权结构对敌意收购的影响——中信证券收购广发证券的案例研究

兼并、收购、接管(敌意收购)和买断,是公司控制权市场常见的几种表现形式。本文通过中信证券收购广发证券的案例研究,从敌意收购的过程、动因、反收购措施及市场反应的角度对其进行了分析,并指出目标公司的股权集中度、交叉持股、非上市公司特征等股权结构方面对敌意收购的影响。     

油(气)田储量技术经济综合评价理论与方法研究

本文从界定油(气)田(藏)储量技术经济综合评价的概念入手,阐述了综合评价的必要性和当前存在的问题;分析了油(气)勘探开发的特点,明确了综合评价在技术经济评价中的重要作用;针对综合评价要求实现定量评价指标与定性描述的有机结合,文章列举了当前综合评价普遍存在的问题为:指标选取不全面、指标权重的确定不够客观,从而形成综合评价的结果的简单无力,不足以作为决策的有力依据等;据此,文章提出构造综合评价指标体系,用层次分析法(AHP 法)确定指标权重的方法.再者,由于油(气)开发决策是模糊决策,因而本文运用模糊集合理论建立油(气)田(藏)储量技术经济综合评价的多层次、多算子二型模糊数学综合评价模型,并通过实例证明该方法的计算方便可靠,符合客观实际。     

基于地铁车站安全运营的层级管理科学探究

为了化解城市地铁快速建设所带来的车站运营安全风险,为提高我国地铁车站运营管理水平提供参考,论文以青岛地铁车站运营安全管理模式为研究对象,探讨了体系的搭建、措施的落实、结果的检查、问题的改善等环节的科学管理机制。     

绿色农业信息化建设初探

农业信息化是我国绿色农业可持续发展的主要保障.在分析了当前我国绿色农业信息化建设的现状和问题的基础上,提出了加快农业信息化建设步伐,促进我国绿色农业发展的对策措施.     

会计国际化发展对银行监管的影响

近年来会计国际化趋势日益明显,国际财务报告准则越来越成为全球化的会计准则。会计的国际化必然会对各国经济管理产生重要的影响,其中对银行监管的影响尤为显著。为有效应对会计国际化的影响,我们有必要对会计国际化发展对银行监管的影响进行深入的分析,以便更好地协调会计与银行监管之间的关系,保证银行监管工作的顺利开展,维护银行体系的稳定。     

Can Insurance Activity Act as a Stimulus of Economic Growth? Evidence from Time-Varying Causality in China

This article investigates the nexus between insurance and economic growth in China with a dynamic interactive mechanism to study different time periods. Using quarterly data from 1999 to 2015, the rolling-window causality test provides evidence of bidirectional causality between insurance activity and economic growth. However, the “supply-leading” pattern tends to dominate the “demand-following” pattern, which implies that in China insurance acts as a stimulus of economic growth during most of the period. Property insurance is more effective than life insurance in stimulating economic growth. Some temporary negative impacts from the development of the insurance sector show that China is in the midst of a transition from a closed economy to a more open economy and policy interventions by the government to liberalize the insurance sector. These findings offer several useful insights for policy makers in transition economies and developing countries.