从国际海运企业购并效益谈对我国的启示

购并是企业实施外部发展战略的常规策略，在进入和退出壁垒均较高的国际海运业，购并成为形成国际性经营联合体及市场领导企业的重要途径。通过购并，国际海运市场的集中度越来越高，呈现出多寡头垄断的市场格局。购并带给海运企业的最大效益是实现了规模经济，同时还提高了购并企业的融资能力，为企业提供了获取先进技术和优秀人才的渠道，并使企业可以享受税收上的优惠。国际海运业的购并历程为正处于高速发展阶段的国内海运业提供了良好的经验借鉴。     

高职院校筹资及资金管理问题探略

我国高等教育承载民众希望与国民素质提升之重任,高等教育发展关系国计民生,同时也迫切需要解决自身发展中存在的资金需求问题,本文在分析总结高职院校筹资现状和存在问题的基础上,提出优化和改进高职院校筹资的对策建议。     

公司可持续增长的财务管理方法探析

通过对公司可持续增长率与实际增长率的比较,提出在两者不一致时,公司应该采取的财务管理方法。以期完善我国公司可持续增长的理论与实践方法。     

浅析我国矿业开发项目融资现状

本文首先分析了我国矿业项目融资的特点,然后就我国矿业项目目前的几种融资方式进行了比较分析,最后提出在项目的不同阶段,选择不同的融资方式;不同主体,选择不同的融资方式;加强"项目融资"在我国的应用;改善融资环境等建议,以期对我国矿业企业进行融资和政府机关制定相关政策提供依据。     

抓住机遇奋发有为为实现铁路"十一五"规划良好开局而努力奋斗--在2006年全路计划工作会议上的讲话(摘要)

“十五”期间,铁路在路网建设、装备现代化、既有线提速扩能改造、投融资改革、节能、环保等方面均取得了重大成就。本世纪头20年是我国发展的重要战略机遇期,在实现区域经济协调发展、建设资源节约型、环境友好型社会和建立现代化综合交通运输体系中,铁路将充分发挥骨干作用。在“十一五”规划目标下,铁路面临着加快快速客运网络建设、强化煤炭运输通道、扩展西部路网、优化东中部路网等建设任务。2006年是“十一五”开局之年,要抓住机遇,提高计划管理水平,重点完成项目前期工作、落实建设资金、基建任务以及装备现代化等方面的工作,为实现铁路跨越式发展目标做出贡献。     

论高职院校贫困生资助工作发挥育人功能的路径选择

本文论述了高职院校学生资助育人的内涵,在分析当前资助育人工作存在问题基础上,提出了发挥资助工作育人功能的基本原则,从"科学认定资格、创新服务渠道、开展主题教育、增强自强能力"方面详述了高职院校贫困生资助工作发挥育人功能的路径。     

Alternative financing for Bus Rapid Transit (BRT): The case of Porto Alegre, Brazil

In the 1970s, Brazil was leading the implementation of high-flow bus priority schemes, but now cities are less capable of financing public infrastructures. This paper explores the private sector participation in the provision of transit infrastructure based on Public-Private Partnerships (PPP) for Bus Rapid Transit (BRT). The Porto Alegre BRT contemplates interchange terminals planned to accommodate retail and service activities. It is expected that these areas shall generate enough revenues to remunerate private investors, under a PPP scheme, for the construction of terminals and part of the infrastructure required to upgrade some sections of the existing busways to BRT standards.     

浅议交通基础设施建设项目利用BT方式融资的利与弊

通过论述交通基础设施建设项目利用BT方式融资的利弊,为交通建设项目探索新的融资模式提供参考。     

燃油税改革后普通公路融资对策探讨

结合燃油税改革和取消养路费等六项规费对我国普通公路建设、养护、管理资金来源的影响,总结目前公路项目投融资政策存在的主要问题和面临的形势,对普通公路的发展趋势和可能采取的投融资对策进行了分析。     

The cost of second best pricing and the value of risk premium

Private provision of public infrastructure (PPP) is meant to give incentives to increased efficiency in construction as well in operation and maintenance of the infrastructure e.g. within the transport sector. Efficiency is not only (private) economic efficiency, but also social efficiency e.g. social marginal cost pricing of use of the infrastructure.Is it possible to design contracts concerning payment mechanisms and financial instruments for transport infrastructure that will stimulate social efficiency and optimal allocation of risks between parties? The paper discusses whether different targets can be met and whether compromises may lead to acceptable second best solutions.PPP implies an opportunity to let the user-payment give desired incentives in the form of Social Marginal Cost Pricing (SMCP). A PPP project is a set of contracts and agreements between several parties, including the Government, the private contractor, subcontractors, banks and infrastructure users. These contracts should be designed to give the right incentives to the parties to achieve optimal risk allocation and utilising of resources.Long contract-periods are a common feature of PPPs. The paper examines the way that financial solutions should be designed to achieve the goals for the PPP-projects concerning economic and social efficiency. The expected size and variation of the income stream from the project will influence the loan conditions offered by banks concerning interest rates, guarantees and repayment and also the ability to attract investors. The balance between equity and loans again influences the conditions of the loans. An additional problem is asymmetric information between parties. The private contractor usually knows more about the task than the Government (hidden knowledge), and the Government cannot have full knowledge of the efforts of the contractor (hidden actions).