基于价值链的企业研发预算编制方法研究

预算管理是企业研发管理中的一个重要方面,将价值链的思想引入到企业研发预算管理中,从企业内部价值链的角度,探讨了基于企业价值链的研发预算编制方法。提出了由研发预算编制循环体系、研发预算目标的确定、研发价值链分析和资源分配所构成的研发预算编制模式。     

浅析在全民健身中如何构建和谐篮球运动

篮球运动有着一百多年的历史，有它自身的特点与作用，是一项深受欢迎的体育运动。它既是一项专业性很强的体育运动，也是一项群众性很强的集体体育运动。在构建和谐社会、开展全民健身的过程中，构建出一种“和谐的篮球运动”是可能的，也是必要的。     

Strategic default,workout, and commercial mortgage valuation

This paper extends existing equilibrium commercial mortgage pricing models by endogenizing negotiated workout into the usual noncooperative lending game. Workout is a feasible subgame strategy for the lender to play whenever foreclosure transaction costs exist for either party to a loan transaction. In particular, negotiated workout solutions Pareto dominate the foreclosure alternative when default occurs. To obtain our results, we embed a cooperative bargaining game within a noncooperative mortgage loan/default game. We also address the valuation wedge problem that occurs when foreclosure transaction costs are introduced. Through the notion of replacement game equilibrium, we find symmetric mortgage pricing solutions that eliminate the valuation wedge and thus suggest that lending will occur in commercial real estate mortgage markets even when foreclosure transaction costs exist.     

Bank-led restructuring in Poland (II): bankruptcy and its alternatives

Poland's 1993 Enterprise and Bank Restructuring Programme (EBRP) provided for the resolution of problem loans through bank-led or court-led workouts, liquidation, or loan sales. This paper examines the workings of three traditional exit processes - court-led conciliation, bankruptcy, and state enterprise liquidation. Neither bankruptcy nor court conciliation as currently designed gives creditors in Poland enough control over firsm in financial distress. Suggested improvements in design need to be complemented by strong economic policies that give banks and other creditors powerful incentives to use these debt collection mechanisms. The most problematic of the three exit routes is state enterprise liquidation, and although on paper designed for solvent firms, it is often used to get around bankruptcy and keep debtor management in control of assets for as long as possible. Now that the special bank conciliation process has expired as an option, Poland should shift its energies to improving traditional, broadly applicable exit and workout processes.     

加强财务支出管理是深化部门预算改革的关键

部门预算改革的重点已从收入管理转移到支出管理方面。财务支出管理是现阶段财政管理的工作重点。要建立公开、透明、规范、科学且具有强约束力的现代支出预算制度 ,必须以预算、执行、决算三个环节为主线 ,进行全面、系统的配套改革 ,真正实现财政资金的公平分配和高效配置、使用。本文按预算、执行、决算三个具体支出管理环节顺序进行分析 ,提出预算编制是财务支出管理的核心环节 ;预算执行是财务支出管理的约束环节 ;决算是财务支出管理的全面总结。     

简单会计分录转换成现金流量表两个项目群内项目的等式研究与验证

编制现金流量表的方法,一般以主表“经营活动产生的现金流量净额”金额为准,“人为调节”补充资料的“其他”项目金额使补充资料的“经营活动产生的现金流量净额”金额与主表的该项目金额相等。本研究是将企业日常发生的会计分录,套用从“净利润=收入-费用”推导出来的“群间借贷等式”（数学模型）,平衡转换成主表项目金额与补充资料项目金额,保证编制过程中两个主要项目金额随时“自然相等”,提高了现金流量表的编制技术。