乳业“公司＋农户”模式存在的问题及对策

在对我国乳业“公司＋农户”模式发展情况进行初步统计和分析的基础上，阐述了乳业“公司＋农户”模式存在的信息单向流通、分配机制风险和利润不对称、缺少约束机制、质量检测和疾病防御机制不完善等问题。提出了以建立奶农联合组织等中介机构和鼓励农户买牛入股的方式解决风险分担和契约违约；逐步完善经济生活中的各项法律体系；政府采取措施，实施宏观调控，建立市场的风险监督机制；实现由传统奶农向现代奶农转变的对策。     

我国金融业实施混业经营的途径及其风险分析

20世纪80年代以来,在金融自由化浪潮的冲击之下,金融监管逐步放松,各种金融机构之间业务相互渗透,混业经营将成为21世纪金融业发展的必然趋势.加入WTO之后,为直面国际金融挑战,发展金融控股公司不失为我国金融业从分业经营向混业经营过渡的一个较好方案.     

重庆市上市公司财务业绩评价——基于2004年各公司财务数据的因子分析

运用因子分析法对重庆市的上市公司进行财务业绩的综合评价，从其2004年度的11个主要财务指标提取了4个主要因子，用它们代表的各公司的综合业绩，根据每家公司的最后得分进行业绩的分析评价。     

Choice of the Company Management Structure Models in the State-run Assets Reform

Based on the three levels of the company management structure,this paper points out that it is the focal point that every key element of the company's management structure is perfect.What's more,it is difficult point that the(duty) and authority of every key element of the company management structure are determined.Based on that,the(authors) put forward the division of authority and responsibility,and probed into three kinds of the administration modes in the state-run assets reform.     

Impacts of the Control Right on the Corporate Governance:Evidence from China

Company control right is a key question in corporate governance.This paper selects ROE and Tobin's Q as proxy variables of the corporate governance's effects,classifises the sample into two groups according to their concentration in control right,aims to revealing the influences of the difference in control right on the corporate governance by empirical analysis.The results show: ROE is negative correlative with the concentration of control right,in the high concentration sample,ROE is positive correlative with the net asset per share when the control right is high concentrate,and ROE is positive correlative with size of broad when the control right is nonconcentrate.     

The Study on the Shot and Long Term of Tactics to Perfect Independent Directors` System

The independent directors` system is regarded as a kind of way to perfect company's administration structure, China Securities Regulatory Commission introduces it into the listed company managing, and offer the great expectations. But the effect of the independent directors` system is not very good. So the game theory is used in this text. The game frame between independent directors and listed company administrative authority is structured and a short time of perfecting independent director's system and long-term tactics to factor influencing independent directors` system are educed through discussing the influence factors one by one.     

New Incentive Model of Company Management

This article makes a new model for stimulating personnel ,and excellently integrates the two classical incentive theory, which are Double Element Theory and Expectation Theory.The model values three important elements which can enormously stimulate the personnel,namely,the sense of achievement and challenge of job,the expectation of personnel to job,the feasibility of job itself.Then,the article also concisely illuminates the working mechanism as well as influence of the effects of personnel incentive made by these three elements.It is also indicated that the company should utilize different incentive ways for different kinds of personnel.Moreover,the article shows the correct direction of companys' personnel incentive,that is,the leader of company can primarily make use of internal incentive to stimulate personnel,while subsidiarily of external incentive.It finally advises several effective methods for personnel incentive,which has a certain guiding meaning in company management.     

The Analyze of Capital Structure and Value of Company

Capital structure of company changes company value in a frictional market environment through cutting down cost and decreasing moral risk and causal problem in trust agency. The authors apply method of asymmetric information game to analyze how to make design of mechanism on the basis of existing revenue and cost of bankruptcy, make the company's manager maximize shareholder's wealth through maximizing own effectiveness, thus define the best radio of liabilities.The authors show that good companies have higher value than difference one in a assured mechanism, afitness capital structure could reduce the problem in trust agency of company's manager,higher risk project can bering more value for compay.     

Dilemma and Choice: Consideration of the Real- estate Guaranty Company in China

With the implementation of the policy for house monetarization,the real-estate guaranty company develops quickly in our country.However,there exist many problems as it is a newly emerged thing in financial system of real estate.The problems are as follows: the estate security company is defined as a medium agency in legislature,which does not conform to its feature as financial business;the local restrictions will cause the decrease of credit,weakness in risk-taking capacity and supervision of the company.Such predicament hinders the development of the guaranty company seriously.In order to resolve these problems, the crucial way is to clarify the status of the guaranty company as a non-bank financial institution,and to set up a national guaranty company to offer official security to the people of low income and enhance internal and external supervision.Only through these steps can we realize the functions of the guaranty company for real estate and give full play of its potential function.     

The financial viability of irrigation management companies: A case study of Cu Chi irrigation system,Vietnam

A crucial, yet little understood, element in the economic studies of irrigation is the role played by companies who manage the supply of water. Many of these companies are publicly managed as they have the potential to act as monopolists. Possibly as a consequence of their ownership structure, analysts have questioned the economic viability and management of these firms. The case is made that many of these companies do not run profitably, that they rely on government subsidies to survive, that they do not spend enough on maintenance and that they run down their capital base. The purpose in this paper is to specify the measures that allow analysts to examine the financial viability of a publicly owned irrigation management companies and to apply these to a scheme in Vietnam. Of concern and contention in any irrigation scheme is the price that a company should charge for water in order to recover costs in the short-run. It was found that the company under investigation could not operate without subsidies and did run down their assets. It was found that a great disparity exists between what the consumers were charged for water and what the company received for supplying it. To ensure the sustainability of the Irrigation Management Companies in long term, they may have to increase the water fee by 3.75 times the current rate set by the provincial government (US$ 20 per ha).