信誉链中小企业融资的关联策略

:(215021),,,,,,,,(2002),4.,,;,,;,;,,,;,,;,;,,;,,5.,,,,,,,,6.,,,,,,,05200317©1995-2004TsinghuaTongfangOpticalDiscCo.,Ltd.Allrightsreserved.StiglitzWeiss,,(MoralHazard)(AdverseSelectionEffect),,,,,,,,,,StiglitzWeiss,(BeckKuntandMaksimovic,2002),,,,,,:1.,();,,2.,,,,,,,,,,,,,,,,,,,,:,,,,,,,,,,,(2002),,,,,,(),(MR),,,,,,15200317©1995-2004TsinghuaTongfangOpticalDiscCo.,Ltd.Allrightsreserved.,,,,,,(),,():,,(Saparito,Patrick;ChaoChen;Sapienza,HarryJ,2002):,,,,,,,,,,,3:,,,,,,,,,,,,,,,,,,,,,,,;,,,;,,;,.2002...2002..,63237Beck,Thorsten,AsliDemirguc-Kunt,andVojislavMaksimovic.2002.FinancialandLegalConstraintstoFirm:DoesSizeMatter,workingpaper,WorldBank(3)pp39341025200317©1995-2004TsinghuaTongfangOpticalDiscCo.,Ltd.Allrightsreserved.EnglishAbstactsofMainPapersTheInformationContentofAccountingStandard:AComparisonofCASvs.IFRSPanYan,ChenLingyun&LingLihuaTherearetwodistinctviewpointsintheinternationalizationofaccountingstandardsinourcountry,thatis,completeadoptionInternationalAccountingStandardsassoonaspossibleversusmaintenancetheChinesefutureandinsistencetheincorporationofinternationalizationandnationalization.Then,howtosettlethisdebate,andhowtodealwiththedialecticrelationshipbetweenusinginternationalconventionsforreferenceandtakingChinesesituationintoaccount?AcomparisonoftheinformationcontentofCASversusIFRSmayhelpustoana2lyzethisproblem.Thepaperappliedpositiveresearchmethodtooffertheevidenceinquantityfortherelativityofthetwosetsofaccountingstandardsindecisionmaking.TheresultoftheresearchshowedthatthedataofaccountingearningspreparedpursuanttoCASismorecorrelativethanthatofIFRS,whetherinalongorinashortperiodoftime.Therefore,weshouldnotadoptIFRScompletelybutconsiderthesituationofourcountryintheconstructingofaccountingstandardsatpresent.OnQuestionnaireDiagnosesofUserspAppraisingandImprovingSuggestionsofAuditReportZhuJinyu,XuRong&PengJiashengTheauditreportisabridgeforcommunicationbetweenCertifiedPublicAccountantsanditsusers.WehavedoneaquestionnaireonuserspappraisingandimprovingadviceofauditreportwhileChineseInstituteofCertifiedPublicAccountantsisrevisingtheexistingauditreportstandard.Basingontheanalysisoftheresultsofthequestionnaires,wegivesomesuggestionsonquestionswhichweconsiderednecessaryduringrevisingauditre2portstandardandothersstandardsonpracticingreportofCertifiedPublicAccountants.ReputationChain:Medium-sizedandSmallEnterprisespRelationalStrategyofAbilitytoCirculateFundsLuoZhengyengetal.Byslightlyanalysingthecreditration,wecanseethattheincompletecreditmarketinformationresultingfromtheimperfectfinancialinformationofmedium-sizedandsmallenterprisesisthedirectcauseforrestrictingtheseenterprisespabilitytocirculatefunds.Theimportantmethodtofreethesemedium-sizedandsmallenterprisesfromthedifficultyofcirculatingfundsisthattheseenterprisesshouldadjusttheirfinancialinformationstruc2tures,establishthefinancialsystemofbigenterprisesupervisionandimproveenterprisesgovernance,usingrelationalstrategytoformthereputationchainbetweenbigenterprisesandmedium-sizedandsmallenterpris2es.©1995-2004TsinghuaTongfangOpticalDiscCo.,Ltd.Allrightsreserved.