With the advent of the economic crisis, fair value once again becomes a hot topic. This paper discusses the issues of fair value from three aspects including the meaning of fair value, its serious impacts and its inap...With the advent of the economic crisis, fair value once again becomes a hot topic. This paper discusses the issues of fair value from three aspects including the meaning of fair value, its serious impacts and its inapplicability in China. As for this point, this paper stress that the rub of the fair value is its inaccurate recognition elements which will inevitably lead to the inaccurate measurement. Finally, the paper puts forward the viewpoint that China should be careful enough to apply the fair value accounting.展开更多
The process of new-type urbanization in China has changed the rural financial demand pattern,for which the peasant household is the subject,and caused its financial demand to change and increase at the same time. As t...The process of new-type urbanization in China has changed the rural financial demand pattern,for which the peasant household is the subject,and caused its financial demand to change and increase at the same time. As the subject of the rural financial supply, rural financial organizations have to accelerate their institutional innovation and innovation of financial products and services,only through which can they break the financial bottleneck in the process of urbanization. Legislation is the only route for the rural financial organizational system construction and perfection in China. The formation of legal system of rural financial organizations is influenced by factors such as politics,economy and system,as well as the real demand of the rural financial subject,so the value orientation takes on a paradoxical movement of coexistence,competition and integration,which is in great need of more value consensus through system practice and enhancement of management concept for rural financial organizations.展开更多
By building a composite index for measuring national digital economy development and sectoral digital intensities,this paper derives metrics of industry-level digital economy penetration under the framework of special...By building a composite index for measuring national digital economy development and sectoral digital intensities,this paper derives metrics of industry-level digital economy penetration under the framework of specialization within global value chains(GVCs),systematically analyzes the mechanisms through which digital economy development affects GVCs upstreamness,and examines the moderating effect of institutional quality.The study shows that different dimensions of digital economy development significantly boost GVCs upstreamness,a conclusion that holds even after accounting for endogeneity through dynamic panel models with instrumental variables based on past data.Further research shows that technological innovation capabilities and resource allocation efficiency have gradually become important channels for digital economy development to boost GVCs upstreamness.Adding indicators on institutional quality reveals that greater institutional quality not only directly promotes GVCs upstreamness but also reinforces the impact of digital economy development on higher GVCs positioning.展开更多
文摘With the advent of the economic crisis, fair value once again becomes a hot topic. This paper discusses the issues of fair value from three aspects including the meaning of fair value, its serious impacts and its inapplicability in China. As for this point, this paper stress that the rub of the fair value is its inaccurate recognition elements which will inevitably lead to the inaccurate measurement. Finally, the paper puts forward the viewpoint that China should be careful enough to apply the fair value accounting.
文摘The process of new-type urbanization in China has changed the rural financial demand pattern,for which the peasant household is the subject,and caused its financial demand to change and increase at the same time. As the subject of the rural financial supply, rural financial organizations have to accelerate their institutional innovation and innovation of financial products and services,only through which can they break the financial bottleneck in the process of urbanization. Legislation is the only route for the rural financial organizational system construction and perfection in China. The formation of legal system of rural financial organizations is influenced by factors such as politics,economy and system,as well as the real demand of the rural financial subject,so the value orientation takes on a paradoxical movement of coexistence,competition and integration,which is in great need of more value consensus through system practice and enhancement of management concept for rural financial organizations.
基金This study is supported by the National Social Science Foundation(NSSF)Project“Impact of Services Liberalization in High-quality Development Stage on Chinese Industry Upgrading(No.18AJY012).”
文摘By building a composite index for measuring national digital economy development and sectoral digital intensities,this paper derives metrics of industry-level digital economy penetration under the framework of specialization within global value chains(GVCs),systematically analyzes the mechanisms through which digital economy development affects GVCs upstreamness,and examines the moderating effect of institutional quality.The study shows that different dimensions of digital economy development significantly boost GVCs upstreamness,a conclusion that holds even after accounting for endogeneity through dynamic panel models with instrumental variables based on past data.Further research shows that technological innovation capabilities and resource allocation efficiency have gradually become important channels for digital economy development to boost GVCs upstreamness.Adding indicators on institutional quality reveals that greater institutional quality not only directly promotes GVCs upstreamness but also reinforces the impact of digital economy development on higher GVCs positioning.
