What We Should Know About House Reconstruction Costs?

The Journal of Real Estate Finance and Economics - This paper presents two important analyses, which have been derived from a rich dataset supplied by an important Property & Casualty...     

Dynamic relationship between stock market trading volumes and investor fear gauges movements

This article applies multifractal detrended fluctuation analysis (MF-DFA) and multifractal detrended cross-correlation analysis (MF-DCCA) to investigate cross-correlation behaviours between two kinds of stock markets trading volumes and investor fear gauges covering the data of U.S. stock markets from 2 January 2004 to 31 July 2018. The empirical results show that the dynamic relationship between stock markets trading volume fluctuations and different kinds of investor fear gauges are multifractal and find that the dynamic relationship is strongly anti-persistent. Moreover, financial crisis in 2008 has a significant impact on the cross-correlated behaviour, suggesting that stock market trading volume fluctuations and investor fear gauges are more susceptible to each other during the financial crisis period. Through the rolling windows analysis, we also find that the stock markets trading volume fluctuations and different kinds of investor fear gauges are anti-persistent dynamic cross-correlated.     

中国医疗保险体系中的自选择与医疗费用——基于灵活就业人员参保行为的研究

我国社会医疗保险已实现全覆盖,现阶段的主要问题在于医保基金能否实现可持续运行。在现行制度安排下,灵活就业群体参加城镇职工医疗保险可能存在逆选择问题,随着就业形态日趋多样化,这将加剧基金运行的不平衡。本文基于2012-2014年中国家庭追踪调查数据(CFPS),利用中国特有的制度特征,在实证上将逆选择效应同道德风险相区分,验证了选择参加城镇职工医保的人群是医疗费用较高的人群。估计表明,自愿选择参加城镇职工医保的人群医疗支出明显高于强制参保群体,大约高78%;而选择参加城镇职工医保的人群医疗支出比选择参加城乡居民医保高约45%。灵活就业人员参加城镇职工医保提升了他们的福利,但如何规避潜在的基金运行风险,是医保制度设计中不可忽视的问题。     

建筑工程施工房屋建筑管理及创新探索

随着我国建筑行业的快速发展,房屋建筑技术水平不断提升,然而房屋建筑工程规模的不断扩大,导致房屋建筑管理仍然存在着较多的问题,无法严格按照管理制度落实管理要求,在一定程度上降低了建筑工程管理效率.基于此,本文深入分析了在房屋建筑工程中实施有效管理的重要意义,分析了目前管理工作中存在的问题,以及创新性管理策略.     

股权金融市场、增长方式选择与平衡增长：传统与新兴部门视角*

为探究股权金融市场对增长方式选择和平衡增长的影响，本文基于传统与新兴部门的差异，构建动态理论模型并利用“Simulink”技术进行数值模拟分析。理论分析发现股权金融市场效率对平衡增长具有增长效应且存在门槛条件，效率高于门槛值时股权金融市场发展将提高平衡增长率和创新贡献率。总体上，发展股权金融市场将促进我国平衡增长和增长方式转变，但东、西部地区存在差异，发展股权市场可以加快东部地区创新型增长而对西部地区没有显著作用。     

Involuntary excess reserve and bankers’ remuneration: evidence from Chinese banks

This article analyses the effects of involuntary excess reserves (IER) on bankers’ remuneration and the penalty associated with bank risk-taking if discovered. The study finds that IER help conceal tail risks, improves bankers’ performance and remuneration. However, the risks once discovered result in heavy penalties on bankers’ remuneration. The study extends the agency theory to the context where banks hold large IER.     

Motivation triggers for customer participation in value co-creation

Service Business - Innovative new ideas are no longer bound by internal R&D efforts of the organisation. Many successful innovation ideas stem from external sources, especially engaged...     

试析进一步提升共青城市企业自主创新能力的对策

为深入了解共青城市企业自主创新情况,笔者深入工业园区,对共青城市高新技术企业和部分科技型企业进行了调研并提出了适当的对策。     

如何完善会计管理工作

这些年来,由于一些主客观原因,会计的管理作用普遍被弱化,阻碍了经济的发展,本文将从改革会计管理体制、完善和健全会计法律法规、加强内外部监督力等七个方面入手,提出强化会计管理的措施。     

大口径顶管技术在水利工程中的应用与设计

本论文通过对长距离大口径顶管在水利工程实践中的应用总结,分析了不同顶管施工方法的特点和适用性,提出了施工常见问题解决措施,对于进一步提高顶管设计和施工水平具有一定参考和借鉴作用。