论我国金融监管机构自体问责制度的完善

金融监管机构的自体问责是问责制度的重要组成部分,与外部的异体问责成互补关系。金融监管机构的自体问责若采用最高监管权力层内部各部门间互为问责的形式,可以克服“问责人与责任人合为一体”的缺陷,而这必须以良好的内部治理结构为基础。本文分析了十多个国家的金融监管机构的治理结构与自体问责制度,并据此对我国金融监管机构自体问责的完善提出建议。     

Limit theorems for multivariate discrete distributions

According to the usual law of small numbers a multivariate Poisson distribution is derived by defining an appropriate model for multivariate Binomial distributions and examining their behaviour for large numbers of trials and small probabilities of marginal and simultaneous successes. The weak limit law is a generalization of Poisson's distribution to larger finite dimensions with arbitrary dependence structure. Compounding this multivariate Poisson distribution by a Gamma distribution results in a multivariate Pascal distribution which is again asymptotically multivariate Poisson. These Pascal distributions contain a class of multivariate geometric distributions. Finally the bivariate Binomial distribution is shown to be the limit law of appropriate bivariate hypergeometric distributions. Proving the limit theorems mentioned here as well as understanding the corresponding limit distributions becomes feasible by using probability generating functions.     

Contestability and Pay Differential in the Executive Suites

In comparison to the abundant evidence on CEOs' compensations, little is known about the compensation of other senior executives, and on how the pay differential between CEO and other senior executives affects firm performance. We examine several potential explanations of the pay differential in the executive suite, using a sample of 367 Israeli firms listed on the Tel-Aviv Stock Exchange. The empirical results fail to support the tournament and pay equity models. Instead, our evidence suggests a model where senior executives are encouraged (by the structure implied in their pay contract) to cooperate with each other (the team playing model). In a subset of firms managed by their owners we observe greater pay differentials between the owner-CEO and other senior executives. Interestingly, only in this subset of owner-managed firms, higher pay differentials can be associated with better firm performance.     

节能背景下消费模式的修正

通过全面解析消费的概念及其在社会层面的深刻意义,以及中西方社会观念和消费模式的差异,认为我国当前的消费主义更多源于特定的社会结构转型时期,呈现出竞争性消费、补偿性消费和交换性消费三种主要形式,从探索适宜消费模式的角度提出了改进策略。     

经济吸引与空间经济结构——以公主岭市为例

将要素流动与集中的现象考虑至一个统一的框架中，基于引力模型，构建集聚力空间分异——优势区位的理论模型，来解释要素流动与集中在微观、宏观上的空间经济规律。得到微观上城市空间结构变化的规律为：第一阶段为粗放式发展阶段的星状、带状结构，第二阶段为内涵式发展阶段的团块状结构。将公主岭市作为典型案例，采用定性与定量相结合的方法进行分析。结果表明，公主岭市某位置的经济吸引力越大，其区位越优，越能吸引要素的集中，会带来更多的城市空间扩展。将模型进一步应用于宏观上经济带的空间经济结构的形成，发现要素将沿着大城市-交通干道-小城市-支线-小城镇的次序依次集聚，要素集聚的速度和城市规模增长的速度依次递减，最终经济带内的发展差距不断缩小，区域一体化程度不断增强。     

FDI对中国外向型城市经济发展的影响——基于对青岛的实证分析

近年来,关于FDI对中国经济发展的贡献,引发了我国学术界的争议,有些学者予以了充分的肯定,但有些学者提出了质疑。本论文以外向型经济城市——青岛为考察对象,选用科学的模型和变量,定量地分析FDI对青岛经济发展的贡献度,分析结果证明,利用FDI对青岛经济的发展起到了积极的作用,但同时,本论文指出了今后利用FDI的对策建议。     

The Effective Duration and Convexity of Liabilities for Property-Liability Insurers Under Stochastic Interest Rates

Managing interest rate risk for property-liability insurers requires appropriate measurement of the sensitivity of liabilities to movements in interest rates. Most prior studies have assumed that interest rates shift in a parallel fashion and that the cash flows from liabilities are unaffected by interest rate changes. This article recognizes that unpaid property-liability (P-L) insurance losses are inflation-sensitive, that movements in interest rates will affect future claim payouts due to the correlation between interest rates and inflation and that interest rates are stochastic. The effective duration and convexity of P-L insurance liabilities calculated based on this approach are substantially lower than those measured using traditional approaches, which has important implications for asset-liability management by P-L insurers.     

对公民身份证号编码的探讨及其应用研究

针对我国当前身份证使用中存在的重号与设计缺陷问题,强调了公民身份证的广泛社会活动功能和与信息化社会接轨的观点;并在认真分析身份证号码编码结构的基础上,论述了身份证号码编码改革的必要性与意义;探讨了新的身份证号码的编码原则、编码结构;提出了解决身份证号码编码重复的指纹码解决方案,以及全球定位技术应用的预留问题。     

Research on Financial Contract Structure

Financial decision-making is the central link of enterprise financial management. The prevalent theory of financial decision-making is ＂capital structure＂. This paper makes a new explanation of ＂capital structure＂, which is ＂financial contract structure＂ based on interacts among stakeholders. It developed the intension and extension of＂capital structure＂.     

重构我国公路产品生产环节的市场结构

文章首先描述了我国公路产品生产环节市场的现状，并指出其具有行政垄断性市场结构的特征；进而运用福利经济学对公路产品生产环节的行政垄断性市场结构进行了深入的经济效率分析，并指出其中存在的巨大福利损失；最后运用有效竞争理论提出了重构我国公路产品生产环节市场结构的若干构想。