The development of the group accounts disclosure system in Japan

The Japanese disclosure system of consolidated statements was introduced in 1977 and extensively revised in 1997. The role of the bureaucracy has been significant in these developments and seems to be part of Japan's closed culture. However, other explanations could also be applied. In particular, although Japanese firms opposed such disclosures on the basis of preparation costs, the Japanese government had to modernize the disclosure system, including consolidation, in order to develop the securities market regardless of an individual company's interests.     

试论人力资本的投资回报路径

人力资本与物质资本虽然在生产经营过程中关系密切,但由于两者的投入性质和方式不同,投资回报的性质和路径也不同。研究和区分人力资本与物质资本的不同投资回报路径,把握人力资本投资回报路径的特性,有利于政府在公共管理中推动人力资本的生成,有利于完善激励机制,发挥人力资本的潜能。     

Addressing the growth failure of the oil economies: The role of financial development

The oil exporting countries have experienced a relatively continuous fall in GDP per capita over the last 30 years. This is in spite of benefiting from a more than average of the rest of the world investment rate. The findings of this paper, report a lower level of financial development for the oil economies when compared with the rest of the world. We will show in this paper that the higher rate of investment of the oil economies can be explained mainly by the oil revenues and surprisingly, financial development has a net dampening effect on investment for these economies. The paper also shows that the weakness of financial institutions, contributes to the poor performance of economic growth of the oil economies and the weakness of financial institutions might be associated with the dominant role of government in total investment and the weakness of private sector.     

出口、对外直接投资与企业的异质性研究

出口和对外直接投资是一国企业进入国外市场的两种重要模式，本文通过建立一个简单的理论模型来分析企业对这两种进入模式的选择问题。本文将企业异质性引入模型分析，同时将企业的R＆D活动作为内生变量来进行研究。在理论分析的基础上，本文结合中国出口和对外直接投资发展的实际情况提出了相关政策建议。     

Does direct foreign investment affect domestic credit constraints?

Firms in developing countries cite credit constraints as one of their primary obstacles to investment. Direct foreign investment may ease credit constraints by bringing in scarce capital. Alternatively, if foreign firms borrow heavily from domestic banks, they may crowd local firms out of domestic capital markets. Using firm data from the Ivory Coast, we test whether: (1) domestic firms are more credit constrained than foreign firms, and (2) whether borrowing by foreign firms exacerbates domestic firm credit constraints. Results provide support for both hypotheses. We also find that state-owned enterprises (SOEs) are less financially constrained than other domestic enterprises.     

中国财政性教育投资的实证分析与对策研究

在现代市场经济社会里 ,几乎所有国家的政府投资在为全社会提供教育服务方面都起着主导作用。我国财政性教育投资严重不足 ,而且教育投资结构很不合理 ,因此必须改变教育投资观念 ,切实、稳定增加财政的教育投资 ,优化财政教育投资结构     

论项目管理对投资效益的支持作用

投资活动具有独特的运行规律，政府和企业在管理模式上现存的缺陷不利于投资效益的实现，有必要在实际 工作中引入项目管理的模式，项目管理以效益为直接目标，以项目为核心，以竞争为手段，以协调为基础，以法律为保障，辅以现代化的项目管理方法和技术，为投资效益的实现铺垫了良好的基础，具有坚实的支撑作用。     

中国外商直接投资的区位决定因素分析:城市数据

本文以全国210个地级以上城市为对象,分析了外商直接投资的区位决定因素。本文采用OLS和逐步回归分析方法以及2002年的横截面数据,在以往研究的基础上选择四项区位决定因素包括三种成本因素、三种市场因素、四种集聚因素和四种制度因素进行实证研究。结果表明,劳动力成本对各城市的外商直接投资的区位选择影响不明显,而市场规模、基础设施、教育和研究开发条件以及地方金融规模对外商直接投资的区位选择的影响具有显著性。本文的逐步回归分析结果还表明,就东部地区而言,能源条件和市场规模是较重要的区位决定因素;就中西部地区而言,市场规模、基础设施、教育和研究开发条件以及地方金融成为较重要的区位决定因素。     

中国企业海外上市问题及其对策研究

随着全球化发展步伐的加快,我国也更加积极地参与全球经济体系,越来越多的中国公司开始进入海外证券市场筹集资金。中国企业海外上市在取得成绩的同时,也存在很多的问题。本文分析了中国企业海外上市存在的问题以及认识上的误区,并针对这些问题提出了相应的对策和建议。     

等截面斜腿刚构桥的几何布局优化

以应力平方均值最小为优化目标，建立了跨越V形谷的等截面斜腿刚构桥在列车荷载和自重共同作用下的布局静力优化的数学模型，采用直接搜索法进行了设计变量的寻优。