管理者差别化地对待下属会在组织内部形成差序氛围，这种氛围下组织资源配置的非对等特点以及身份认同的“偏移”效应会改变组织内社会空间，也会对员工心智和行为倾向产生影响。笔者对组织差序氛围与员工漠视行为之间的关系进行探讨，分析职场排斥和组织自尊在其中的作用。基于服务企业的实证研究表明，组织差序氛围能够强化员工职场排斥感，进而弱化其组织自尊，导致员工出现漠视行为倾向。其中职场排斥感在员工感知组织差序氛围的后续影响中发挥重要作用，排斥感除了对员工漠视行为有直接影响外，还能通过降低组织自尊的方式对漠视行为产生间接影响。基于此，笔者认为：管理者应注意拓展组织内信任对象和实施公平的管理，以营造组织内部公正氛围，并通过强化员工对自身工作价值和重要性的认知，提升员工的组织自尊；完善对组织和团队工作的整体设计和发展职场友谊，减少员工的受排斥感，进而推动员工打破沉默，建言献策。

The rapid development of internet finance has aroused wide attention of all parties; many people are trying to give a full explanation on the phenomenon of internet finance. Based on the absent of the theoretical framework of Internet finance, and combined with existing research and theoretical analysis, this paper builds a theoretical framework along with path of industrial integration, financial innovation and financial deepening, that is in the background of industrial integration internet companies act as  financial intermediaries to carry out new financial innovation businesses which promote financial deepening. And the following empirical test proves the effectiveness of the framework by selecting Alibaba group as a case study The result shows that the framework can better explain the internal logic of development and phenomenon of internet finance, especially give an answer to why the internet companies play an important role in starting and promoting internet finance rather than financial institutions, and it can also lay a theoretical foundation for the further study of internet finance.

Since nearly half century, finance risk management has had many huge changes in management idea, organization system, risk management content and the method. This article promulgates that, financial institutions’ pursuing profit, the complex and changeable external environment, advancement of financial theory and technology as well as the reconsidering of heavy loss events have profoundly promoted finance risk management evolution. Along this clue, this article has further analyzed the profound influence of this evolution and the enlightenment significance to our country financial industry development.

近年来，国际资本流动对人民币汇率走势的影响越发显著，如何引导资本流动成为汇率预期管理的关键。人民币加入SDR，可增进SDR代表性与正当性，同时借助IMF背书，提升国际影响力，引导资本流动。笔者通过构建两国的代际交叠模型探讨货币入篮SDR的作用机理。在信息不对称的理论假设下，货币入篮SDR可以从信息结构影响债权人监督债务人的交易成本，引起资本收益率变动，进而引导资本流动形成汇率波动压力。检验SDR其他权重货币，验证了入篮SDR对资本流动影响的推断。研究发现：影响主要针对长期资本流动，具有滞后性，短期资本不显著；长期资本总量上升，净额受货币发行国资本存量与合意资本的差异影响。人民币纳入SDR有利于加快国际化进程，倒逼制度建设和进一步提升市场开发程度，影响国际资本流动，改变汇率变动的预期。但人民币国际化仍需在币值稳定的基础上推进。

The current financial crisis warning research focuses on model which is based on financial indicators.However，in reality accounting fraud or nonfeasance causes the failure of financial early warning model in the past economic crisis.the models selecting one-sided indicators are not suitable for all kinds of sample companies.The development of big data technology makes it possible to obtain comprehensive and objective information.This paper proposes that internet users are regarded as a sensor to enterprise.Based on the relevant online information,sensor signals are formed by mixing the analysis of emotion processing and internet information release frequency statistics together，try to bring the index of big data into financial risk early warning model，and compares the prediction results of the model analysis.We found the financial risk early warning model based on big data has better effectiveness.The  results provides a theoretical basis for forecasting listed company financial crisis by big data.

GAO has a long history, and maintains a clear sense of position during its active participation to improve national governance. It set organization centering on the national governance improvement, and proposed Accountability Organization Maturity Model. Both substantial Audit report and high- risk list issued annually by GAO play an important role in improving national governance. National governance in China is facing new challenges, which raises a higher requirement for our national audit. According to China's Socioeconomic development status quo, and drawing on the experience of GAO, our national audit ought to keep on enhancing the fight against corruption, further improving the audit report transparency, as well as taking measures like Strengthening economic responsibility audit, increasing the proportion and level of performance auditing, exploring how to increasing insight and facilitating foresight, optimizing the internal department structure, developing management level of audit institutions and so on, then improve our national auditing for better participation in national governance.

With the development of the capital market in China, as one of the basic system of capital market IPO audit reform increasingly attracted the attention of the people from all walks of life. This paper first reviews the history of China's IPO audit system changes, and departure from the status quo of China's audit system, by summing up the advantages and problems that the registration system is the ultimate goal of the reform in the future; Finally, based on the theory of institutional change institutional economics analysis by sponsor system to a registration gradual transition path selection, and creatively put forward the creation of "registration plate" pilot measures and their specific system design proposal has certain reference value of the regulatory system reform and development of China's securities issuance.

Green development of economy needs a great amount of capital.Due to financial market failures，capital for China's green economy transition can not be fulfilled by the free market automatically.A series of problems exist in the green finance affairs which needed to be solved by market invention means to realize China's green development.Based on previous studies including market failure，government intervention and green finance，in this paper we summary the forms of financial market failures in green economy transition and related barriers of financing，provide invention mechanism for the failures，and propose policy implications for China including：establishing green bank system，social capital crowding in of dual objects，creating multilevel loan risk sharing and compensation mechanism，relaxing capital regulation policy for green loans，issuing green bond to support direct finance.

The small and micro enterprises play an important role in employment, economic growth, technology innovation and social harmony.The biggest problem it faces at the present stage is financing.The government plays a crucial role in solving the problem The paper analyzes the bottleneck in financing and defines the financing mechanism based on the government behavior and selects 216 small and micro enterprises to conduct the empirical research and explore the influence of each path variable.The results show that commercial banks are the preferred way for financing, followed by social financial institution, the action of capital market is weakest.The financial subsidy of the government does not work, but the public service system and credit guarantee of the government have an effective influence for the financing of small and micro enterprises.Finally, the paper puts forward that the government can improve the ability of small and micro enterprises in financing from strengthening the system construction, adjusting the policy direction, guiding the allocation and revolution of financial resources.

In the history of the two industrial revolution, the continuous integration of technological revolution and financial support promotes economic growth and development. Facing the third industrial revolution led to the internet and new energy technology, Chinese should adjust the financial development strategy. This paper demonstrates the depth of S&T finance formed by fusion of S&T and finance is conducive to structural adjustment and financial development to boost the economy. According to superposition effects of the two dimensions, S&T finance should be emphasized in order to bring more efficiency of technical innovation, technology development and economic structural adjustment support, thereby forming a virtuous cycle of interactive technology and financial development. While the technology platform mode is the main way to realize the development of S&T finance.

Network community is in the form of interest identity and online aggregation，which lies in the initiative sharing and interacting activities of the members to create the common experience value. As the online comments become the important external cues when shopping，the non-trade network communities play an important reference function in influencing consumers purchase decision due to its non-profit feature. The non-trade network community doesn' t relate to their members' direct economic benefits，and the core of operation is to keep members continued psychological contact and participation with brand，which is the central proposition of the Customer Engagement Theory. Based on the mutual value of the non-trade network communities，we explored the tendency of individual pro-social values and the perception of community values influencing the members' flow experience. By investigating 209 members of the mainland mainstream non trading virtual community，we show that community values have positive impact on communities members' mutual activities and information sharing behaviors，and the tendency of individual pro-social values only has significant effects on members' mutual activities. What's more，the mutual activities and information sharing behaviors influence the flow experience of community members.

This paper, through the analysis of the economic cause, the historical contribution and the existing system environment of the local government financing platform, proved the existence value and irreplaceable nature of the local government financing platform, and on this basis, put forward the future development path and policy suggestions of transformation of Chinas local government financing platform, combined with international experience and Chinas reality, counter the defects and problems of the system and mechanism of financing platform, the new policy environment and economic situation.

The combination of Internet and financial expands the boundaries of financial services and brings “catfish effect” to the financial market. However, due to the virtualization, information technology, security system and lacking of legal and regulatory issues, the risk management of internet finance has greater complexity than traditional finance. Based on analyzing the feature and specific risk of different internet finance mode, the paper proposed risk prevention and regulatory strategies for the internet finance development.

The current charged at the standard of water resources, water resources management system and the deepening of reform and the price of water. 2011 Central Document No. 1, "the views of the State Council on the implementation of the most stringent water management system" (Guo Fa [2012] No. 3) and this year's government work report made clear that "reasonable adjustments to the water fee collection standards" provides a historic opportunity for further research to improve our water fee collection standards and indicate the direction of development. This paper analyzes the current situation and characteristics of China's water fee collection standards, analyzing the main problems of water fee collection standards, study and put forward suggestions for reform and improve our water fee collection standards.

The Silicon Valley Bank of USA is well known for providing loans to high-tech small and medium enterprises，and becomes a model for domestic science & technology bank.This paper analyzes the current viewpoints about Silicon Valley Bank in China，corrects the domestic viewpoints about the Silicon Valley bank that is not correctly understood，and clarifies the correct approach in the equity investment，debt investments and loans to support the development of venture capital institutions of Silicon Valley Bank，points out that Silicon Valley Bank only provides loans not equity，and the loans for venture capital are actually for the individual's short-term credit loans；and a new theory is proposed to explain the the reason why Silicon Valley Bank dares to support the high-tech enterprises in early stage，and the reason for success of Silicon Valley Bank is that it solves five key problems in credit business of the bank，namely value found，valuation，financial innovation，risk control and disposal of loan default，so as to ensure the security and profitability of the bank funds.Finally，it is pointed out what science and technology banks in China should learn from Silicon Valley Bank.

With the income increasing and enhancement of the risk awareness, the requirement and level of insurance which is for farmers is promoting rapidly. This inherent nature drives many insurance companies to develop the business of rural Micro-insurance and rural insurance market actively. Rural Micro-insurance is one kind of business, which serves the rural areas and offers safeguard for the low income people. It has some characteristics, such as extensive business areas, convenient procedures, and low profit. This essay discusses the actual significance of running rural petty insurance and some main factors limiting its development. Then, I analyze the financial regulation of the rural petty insurance by empirical analysis method.

As an important part of structural tax reduction, replacing Business Tax with VAT brings different effects on tax burden in different industries while achieving the effect of tax reduction in general. Following the pilot reform in transportation industry and part of modern service industry, telecom industry has also been included in the category of replacing Business Tax with VAT reform in June 2014, which will bring about influences on telecom industry's taxes, business model, and soon. This paper probes into the main factors causing tax rise based on the calculation on tax burden after the reform, and put forward some suggestions on how do respond to challenges brought about by the reform in telecom industry.

The duality finance structure makes it hard for middle and small-sized enterprises, rural areas, economic less-developed areas and poor people to get enough finance support. This lead to the proposing of inclusive finance, which highlights the importance of equal finance services for everyone. The inclusive finance originates from the research of micro-finance, so we are trying to summarize the literature of micro-finance to better understand inclusive finance. Our research of micro-finance are divided to six parts, which are balance of payments and sustainable development, products and services, best practices, target customers choice, policies and influences and we give some enlightenments on future researches and practices.

This paper analyzes the instant urgency of fiscal risk supervision in the implementation of public private partnerships（PPP）concerning PPP as a higher risk of public service supply mode with insufficient legal and ethical constrains that increases the financial risk while PPP being promoted nation-wide on a large scale, and summarized present situation and problems of fiscal risk supervision under the current governmental policy of PPP，that the current needs should be focused on establishing executable instructions, rules, rigid constraints and quantitative risk control indicators, etc. Drawing on international experience, policy advice is made based on concerning aspects of the establishment of designated PPP department and personnel for all levels of government, and the establishment of a scientific and comprehensive fiscal risk supervision techniques and methods for PPP projects.

创新驱动经济发展是实现经济可持续发展、提高国际竞争力的核心任务。实际汇率变动导致进出口企业提高效率和进行创新，增强技术溢出效应，促进企业在全球价值链中由注重研发投入转向无形资产投入，对一国创新驱动经济发展能力具有增强效应；但同一货币下的不同地区面临不同的实际汇率以及一国的进出口贸易政策和贸易结构等方面的影响，也可能存在汇率冲击的弱化效应。笔者构建指标体系测算我国各省份创新驱动经济发展综合得分和实际有效汇率，实证分析发现：各省份创新经济发展能力和面临的实际有效汇率有较大的差异；出口贸易和进口贸易均显著推动了我国创新驱动经济发展；整体来看，由于出口企业知识资本投资的结构和意愿以及我国的进口贸易结构，实际汇率通过进出口贸易对我国创新驱动经济发展的弱化效应大于增强效应。笔者建议，政府应合理运用汇率政策；实施贸易政策和技术创新政策相结合的政策措施；构建增强创新驱动经济发展能力的良好环境。