Table of Content

16 March 2002, Volume 22 Issue 3

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NEW REQUIREMENTS TO OUR ECONOMIC SYSTEM REFORM BY THE NEW TECHNOLOGICAL REVOLUTION

WANG Yi-ming

2002, (3):  5-10. 

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New technological revolution is the result of the interrelations of the accumulation of the technological innovations and the institutional changes.It brings great improvement of the social productivity,and therefore profound effects on the production relations and superstructures and new requirements to our economic system reform.To meet these requirements,we should deepen the reform and support good institutions for fast growth of the production forces.

ISSUING PRICE MAKING AND FISCAL INFORMATION ANALYSIS

GENG Jian-xin, ZHOU Fang, Wang Hong

2002, (3):  36-41. 

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Issuing price making and the price fluctuation are highly relative to the fiscal information provided by the listed companies.While marketizing the issuing price making,securities companies,first and second-degree market investors respond differently to the fiscal information.

VIRTUAL INTEGRATED ORGANIZATIONS IN NEW ECONOMY

WANG Feng-bin, CHEN Gao-sheng

2002, (3):  47-52. 

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Virtual integration is one of the organizations of modern firms to effectively utilize the social resources.It increases the flexibility and sensitivity of the firms,decreases the transaction and management costs.Besides,its coordination mechanism,that is implicit contracts,has more advantages than vertical integration and explicit contracts when restricting the monopolistic rents and specialization quasi-rents brought by increasing the assets specialization to reduce the production costs.