制约我国风险投资发展的因素及对策

本从风险投资的退出机制、投资主体、法律制度等方面分析了制约我国风险投资发展的因素，并对发展我国风险投资的对策进行了探讨。     

物料配比中的微机控制系统

介绍了由微机、ＡＤＣ芯片、Ｉ／Ｏ芯片及其他辅助芯片来实现颗粒物料配比的一种方法。     

从合作金融走向社区银行——基于杭州联合银行个案分析的农村合作银行发展的思考

本文从社区银行的定义和特点出发,以杭州联合农村合作银行为例,在对农村合作银行从合作金融走向社区银行的必要性和可行性进行分析的基础上,提出了社区银行是农村合作银行谋取进一步发展的现实选择。但从中长期发展来看,农村合作银行转型为社区银行的道路还很长,必须厚积薄发,全面根治。最后文章就如何使农村合作银行快速、稳健地从合作金融走向现代化社区银行提出了对策和建议。     

西部民营经济发展的战略思考

作为西部经济新的主要增长点—民营经济,在西部经济发展中起着越来越重要的作用。但由于诸多原因,西部民营经济同东部民营经济发展的差距不是在缩小,而是在扩大。如何使西部民营经济持续、快速、健康发展,提升西部经济发展水平,缩小地区间差异,本文在充分认识西部民营经济发展问题及深入分析问题原因的基础上,从战略的高度提出了一些促进西部民营经济发展的策略。     

GAINS TO BIDDER FIRMS IN CASH AND SECURITIES TRANSACTIONS

This paper presents empirical test results of alternative hypotheses regarding differences in returns to shareholders of bidding firms that choose different payment methods (cash or securities). The evidence is consistent with the payment method signaling hypothesis, which asserts that when management of the bidding firm believes its own stock to be overvalued (undervalued), securities (cash) will be the preferred payment method. The results are not consistent with either the overpayment hypothesis or the present value/hubris hypothesis. The findings also explain the conflicting results reported in prior work on gains to bidding firms.     

高职高专统计学课程"参与型"教学的研究与实验

对统计学课程传统的教学模式进行改革是适应高职高专面向社会、服务大众,以能力为本办学特点的迫切需要。本对在统计学教学中实行“参与型”教学新模式的起因、具体实施过程和方法进行了研究和探讨,并对“参与型”教学新模式的教学效果进行了分析和评价。     

Consumption and Government Spending Substitutability Revisited: Evidence from Taiwan

Bailey (1971) first documented the idea that there may be a degree of substitutability of the relationship between government spending and private consumption. In this paper, this issue is embedded in a Markov–switching framework where the relationship is subject to shifting between two different regimes. To control small–sample bias, the bootstrap maximum likelihood estimator is used. Evidence from Taiwan indicates that the crowding–in effect dominated the pre–1980 period; the substitutability dominates the post–1980 period. It renders unconvincing the Keynesian plea for expansionary fiscal policy of Taiwan since the 1980s. A Mundell–Fleming approach is proposed to explain this dating.     

A Hong Kong view of offensive advertising

Considerable research has been conducted on offensive advertising in Western countries. However, not much is known about consumers' views of offensive advertising in an Asian context. This research, which was conducted in Hong Kong, aimed at identifying what product/service advertisements consumers find offensive, what executional styles consumers find offensive, consumers' tolerance of offensive advertisements in different media and the effects of offensive advertisements on consumers' purchase intentions. The results from a survey of 200 consumers showed that chat-line services and funeral services were considered the most offensive products or services to be advertised. When looking at the manner of advertising, sexist themes, indecent language and nudity were found to be the major reasons for the respondents finding advertisements offensive. In general, direct mail was considered to be a medium that prompts lower tolerance by consumers to potentially offensive advertisements while men and women's magazines were considered to be media that prompt higher tolerance to potentially offensive advertisements. Finally, it was found that levels of advertising offensiveness had an effect on purchase intentions.     

Allocate Capital and Measure Performances in a Financial Institution

This paper provides a model for allocating capital and measuring performances for financial institutions. The methodology relates the economic valuation of the balance sheet to the market value of the firm. In so doing, each business unit is evaluated on an economic basis, and the capital allocated to these units is related to the risk premiums that the market demands. The paper's results have broad applications for corporate managers, risk managers, and other market participants in managing financial institutions to increase shareholders' value.