农民合作经济组织内部限制因素与适应性对策研究

针对目前限制农民合作经济组织发展的3个重要因素资金、人力和管理水平缺乏有效供给进行分析。认为农民合作经济组织的发展需要一定的制度空间和合作土壤,只有在政府扶持、制度约束和自我完善等前提下,加强这三方面的有效供给才能使农民合作经济组织在市场竞争中生存和发展。在目前中国市场化进程和社会转型期,通过不断调整内部生产关系并完善内部组织结构,构建适应性农民合作经济组织,以增强其内在的凝聚力和外在的竞争力,减弱外部环境的负面影响。对于现阶段增加农民收入、促进农村可持续发展具有积极推动作用。     

农民合作经济组织内部限制因素与适应性对策分析

针对目前限制农民合作经济组织发展的3个重要因素资金、人力和管理水平缺乏有效供给进行分析。认为农民合作经济组织的发展需要一定的制度空间和合作土壤,只有在政府扶持、制度约束和自我完善等前提下,加强这三方面的有效供给才能使农民合作经济组织在市场竞争中生存和发展。在目前中国市场化进程和社会转型期,通过不断调整内部生产关系并完善内部组织结构,构建适应性农民合作经济组织,以增强其内在的凝聚力和外在的竞争力,减弱外部环境的负面影响。对于现阶段增加农民收入、促进农村可持续发展具有积极推动作用。     

Small–Scale Entrepreneurship and Access to Capital in Peripheral Locations: An Empirical Analysis

This paper presents an analysis of a public assistance program for small–scale entrepreneurship in peripheral areas. Public assistance compensates for market inefficiencies where the decision rules of financial institutions discriminate against otherwise viable small firms in capital markets. Lending institutions perceive high risk in providing debt capital when little information is present. Using empirical data from Israel, the determinants of this risk are estimated and the role of location in creating this information asymmetry is stressed. These results empirically establish that (1) location matters in determining the risk profile of the firm, (2) locationally targeted programs can reduce the information asymmetries that make peripheral firms unattractive to lenders, and (3) these programs can also generate positive welfare effects. Finally, there is speculation on the potential role of ICT (information and communications technology) in increasing the visibility of small firms in remote locations and creating a more symmetrical flow of information.     

Analysis on a Financing-model of Public Companies in Incomplete Market

It remains intrinsic defect how to explain reasonable financing behaviors in classical theory of capital structure. This paper gives a capital structure decision-making model with asymmetric information and exchange cost in incomplete market, and opens out mechanism of financing-selection base on adverse selection by Chinese public companies, in more we can explain well phenomena about equity over-financing of Chinese public companies.     

Analysis of the Game Model of Supervision on Swindle in the Securities Market

Swindle exists commonly in any securities markets, where swindle has led to serious influences on regulations and the normal development of our securities market. The paper attempts to develop a game model of supervision on swindle in the securities market so as to investigate the relationship between supervisor and supervisee from the microcosmic aspect, and analyze the microcosmic mechanism resulting to swindle in the securities market, and enlighten our securities supervision as to swindle in the securities market.     

关于中国新型农村合作组织模式的探讨--梨树县百信合作社经验借鉴

当前,农民增收困难甚至生活水平下降已是不争的事实。因此,在农村大力探索和推行一种新型 生产制度一农村合作经济组织已是势在必行。倡导成立农村合作组织,其目的不仅仅在于提高农民的 合作化程度,更要求其在政府扶持的过程中,内生出农民自己主导市场的力量。有了合作组织这样一个 平台,可以把很多东西整合到里面,像平民教育、医疗保障、技术推广、生态农业和维权等等,切切实实 的来增加农民收入,建设一个和谐的新农村。     

关于我国新型农村合作组织模式的探讨 ——梨树县百信合作社经验借鉴

当前，农民增收困难甚至生活水平下降已是不争的事实。因此，在农村大力探索和推行一种新型生产制度——农村合作经济组织已是势在必行。我们所倡导的农村合作组织，其目的不仅仅在于提高农民的合作化程度，更要求其在政府扶持的过程中，内生出农民自己主导市场的力量。有了合作组织这样一个平台，可以把很多东西整合到里面，像平民教育、医疗保障、技术推广、生态农业和维权等等，切切实实的来增加农民收入，建设一个和谐的新农村。     

Analysis of Management Performance between Owner and Supervisor under Asymmetric Information

The situation of asymmetric information makes a certain benefit conflict between owner and supervisor in the case of project supervision, and the owner undertakes the loss risk caused by information asymmetry. This paper has analyzed the management performance of the owner to the supervisor during the project supervision entrusting by a model.     

农业上市公司资本结构与经济增加值关系实证研究

资本结构与公司绩效关系问题是理论界与实务界研究的热门问题,也是一个财务问题。本文以单位经济增加值来研究资本结构与绩效的关系。选取11家农业上市公司为样本,计算出资产负债率,推出单位经济增加值,对样本公司的截面数据进行线性回归和二次函数回归,并进行相关检验,最终结果说明农业上市公司资本结构存在着最优区间。     

The BPR Facing the Dynamic Union

With the rapid development of the manufacture, the technology of information and net, the traditional management of enterprise cannot meet the demands of the market, to get a better development and benefit, enterprises have to keep a competitive and cooperative relation with each other. Thus is the beginning of the dynamic union. Combining the theory of dynamic union with BPR, this thesis proposes the BPR facing the dynamic union and expounds the principle of it, the re-engineering of the full life cycle and the evaluation method of re-engineering on the base of analyzing the characteristic of dynamic and demands of process.     

An Analysis of Principal-Agent of Game under the Asymmetric Information in Venture Capital

The relationship of investors and venture capitalists is an important part in venture capital. Based on asymmetric information, this paper analyzes the principal agent relationship between investors and venture capitalists with game theory. And this paper mainly discusses the choosing, controlling and incentive problem. It suggests that only the capable and self confident venture capitalists could accept the terms of the limited partnership. It also indicates that recompense mechanism which holds the interest of investors and that of venture capitalists tightly is the center of the limited partnership. Rate of yield is the key of recompense mechanism, it not only reflects the incentive on venture capitalists, also reflects the share of risk between investors and venture capitalists. At last, the market credit play an important role in venture capital.     

Model of Financing Strategy

Considering information asymmetry between inside and outside of the firms,this paper discusses the financing strategy of M&A,and builds a model.According to the model,we can see that the firm with relatively expected low-productivity will choose equity financing for M&A,and the firm with relatively expected high-productivity will choose debt financing for M&A,and the firm with expected medium-productivity will not choose financing from outside.In the case of undeveloped capital market and financing tools in China,the conclusion of the model has some extent significance for helping firms to choose financing strategy for M&A rationally.     

农民专业合作社社员满意度及其影响因素研究——以北京市怀柔区为例

为了更好了解北京市怀柔区农民专业合作社社员的满意程度及其影响因素,借助ACSI模型,从合作社形象、合作社管理机制、合作社服务、社员获得收益等4个方面探究社员对于合作社的满意程度,并借此构建满意度模型。结果表明,上述4个指标对社员加入专业合作社的满意度均表示为正向相关,并从政府政策的引导、社会资本的注入等多方面提出相关建议,以期切实提升社员对于农民专业合作社的满意度,进而促使专业合作社持续健康运营下去,最终实现农民增收致富的根本目标。     

Major Innovation of the Newly Revised Accounting Law-Reinforcing the Responsibility of the Persons in Charge of Units

With the uninterrupted development of the socialist market economy, there are many phenomena such as mendacious accounting information and false account in the accounting practice. It is an inevitable request for us to amend and improve the Accounting Law, so as to make it reflecting the new content and playing a significant role in accounting work. In this paper, after a thorough discussion of the nature, background and characteristics of the newly revised Accounting Law, a great innovation of the law that laying the primary accounting obligation on the persons in charge of unit is pointed out and its rationality, function and duty are summarized and analyzed.     

Business networks,social capital and the economic performance of creative and cultural industries: The case of Indonesia

This study examines the ways in which networking characteristics and practices influence the economic performance of creative and cultural industries. The notion of social capital is used to conceptualise the complex nature of networks, including both professional and social relationships that occur on multiple levels. This qualitative study is set in the context of Indonesia, in which two cases are examined: creative apparel entrepreneurs in Bandung and batik producers in Surakarta. The results show that regional environments provide opportunities for creative industries to find specialist suppliers, to gather market information and, importantly, to find and cross‐fertilise new ideas. Although regions provide these opportunities, the firms’ internal social capital is crucial in being able to internalise and transform the knowledge from the environment into innovative values embodied in their products.     

Model of Capital Asset Pricing with Asymmetric Information Structure

A capital asset pricing model and the corresponding investment strategy are investigated for the financial market with asymmetric information structure. Suppose that investors can be defined with three kinds: informed trader, under-reaction trader and over-reaction trader; all traders use Bayesian principle to modify their prior distributions. The anthors obtain the equilibrium price of the risky asset in the short run and the rational investment strategy.     

Changing market culture in the Pacific: Assembling a conceptual framework from diverse knowledge and experiences

Addressing the multiple dimensions of gender inequality requires commitments by policy‐makers, practitioners and scholars to transformative practices. One challenge is to assemble a coherent conceptual framework from diverse knowledges and experiences. In this paper, we present a framework that emerged from our involvement in changing market culture in the Pacific, which we name a radical empowerment of women approach. We draw on detailed narratives from women market vendors and women‐led new initiatives in marketplaces to explain this approach. We argue that the primary focus of recently developed projects for marketplaces in the Pacific is technical and infrastructural, which is insufficient for addressing gendered political and economic causes of poor market management and oppressive conditions for women vendors. By exploring the complex array of motives and effects of the desire to transform or improve marketplaces in the Pacific, we caution against simplistic technical or infrastructural solutions. This paper also introduces the practice of working as a cooperative, hybrid research collaboration. The knowledges and analyses that we bring to this issue demonstrate that substantive analysis generated from diverse and shifting ‘locations’ and roles, but underpinned by a shared vision of, and commitment to, gender justice, can provide distinctive policy and research insights.     

Firm employment growth in China: The role of marketization and regional economic factors

Very heterogeneous patterns of firm employment growth characterize the Chinese provinces, suggesting the existence of a relationship between these and regional factors. This empirical work explores this topic by providing novel evidence of the role played by regional institutional and regional factors in firm employment growth in China during the decade 1998–2007, an important period in the Chinese transition towards a market economy. The results show that controlling for the internal determinants of firm performance, the firms located in provinces converging faster towards a market economy, exhibiting relatively better patterns (in terms of agglomeration, endowment of human capital, innovation and environmental protection) tend to expand their employment relatively more. These findings confirm the existence of a macro–micro-connection as to what firm heterogeneity is concerned, as they reveal a differential growth channel along the regional dimension. In particular, local progress in government–market relationships appears as the most relevant dimension of marketization process. Given the regionally decentralized institutional system in China and considering its process of transformation, these findings inform local authorities concerned with the promotion of regional employment.     

Short-term Return of New Share in China

Initial return and short-term return are two totally different conceptions. When the anticipated year return is evaluated, we should stand on the conception of short-term return not the initial return. Based on the primary conception of the investment return, and considering the cost of purchasing, this paper gives the method of calculating the rate of short-term return. After the experienced analyses, we think there is excess return in the primary market. However, influenced by the low hit rate, only those investors, whose capital over some limit, can get it. The result explains the phenomena that why little investors leave the primary market for the secondary market. From the other way, the result proves that the investors are rational.     

发达国家农业合作组织的发展模式及其对南贵昆区域农业产业化发展的启示

加入WTO后，我国农业经营的“小农户“与”大市场”的矛盾日益尖锐，分散的小农户难以成为完整而有力的市场主体和产业化经营主体。因此，创新农村市场主体和产业化经营主体十分必要。农业合作组织掌握市场信息充分，有资本、技术、人才优势，它们能有效地组织农户参与农业产业化经营，因而是最强有力的市场主体和产业化经营主体。我国“入世”之后，农业合组织的作用将越来越突出，关注和推动我国农业合组织的理论研究和实践发展，是一个极具有价值的课题。本文通过分析国外发达国家农业合作社的发展，研究南贵昆区域农业合作组织的发展策略，为农业产业化经营创造良好的外部环境。