论本币升值对国内物价的影响路径

本币升值可通过实体经济、虚拟经济以及货币政策三个途径影响一国的国内价格;本币升值通过国内物价影响经济稳定存在一个正反馈机制;从短期来看,人民币升值不仅不能抑制国内物价上涨,还可能推动国内物价的上涨。     

服务企业培育顾客忠诚的营销路径

随着市场竞争的日趋激烈,培育高品质的顾客忠诚逐渐受到理论界和企业界的广泛重视。本文通过对服务企业顾客忠诚的影响因素展开讨论,提出一些服务企业培育顾客忠诚的营销路径。     

Scaledt分布、杠杆效应和上证综指的VaR风险

与正态分布相比，上证指数收益率的经验分布具有尖峰厚尾特征，但用Scaled t-分布比正态分布可以更好地拟合上证指数收益率的经验分布。本文以Scaled t-分布假设下的GJR模型为基础，测量了上证指数收益率波动性的杠杆效应，即信息对波动性的不对称影响：并根据GJR模型应用Monte Carlo模拟方法，测定上证指数日收益率和持有期收益率的风险价值（VaR）。根据GJR模型提供的结果，上证指数30天、60天和90天持有期收益率的风险值分别为12．1％、17．8％、22．0％。用GJR模型比均值-方差模型和历史模拟方法计算的5％显著性水平VaR值更接近实际收益率。     

Open economy and financial burden of corruption: theory and application to Asia

We discuss why corruption remains high and show that corruption contributes to the Banking distress and to the rapid transmission across international stock and currency markets. Undeveloped ‘derivative securities’ markets make the risk from stress-induced volatility difficult to manage. Vinod’s (1999) closed economy model is extended to indicate the asymmetry of ‘home bias’ and the effect of corruption on the value at risk (VaR). Our theory predicts that capital flight controls will be many, foreign direct investment (FDI) will be low and cost of capital will be high in corrupt developing countries, which is supported by Asian data. We include some policy recommendations regarding financial institutions and markets.     

On Sraffa's Standard commodity: is its price invariant with respect to changes in income distribution?

In his 1960 book, Sraffa suggested using a composite commodity,which he called the ‘Standard commodity’, to solveRicardo's search for an invariable measure of value, i.e., astandard capable of isolating the price movements of any othercommodity induced by changes in income distribution. The absencein Sraffa's book of an explicit proof of the invariance propertyof this standard gave rise to many misunderstandings about itsmeaning and its role as an invariable measure of value. In orderto clear up these questions, Bellino (On Sraffa's Standard commodity,Cambridge Journal of Economics, vol. 28, 121–32, 2004)has proposed a ‘proper’ definition of an ‘invariablemeasure of value’, showing that Sraffa's Standard commoditydoes fulfil the requirements of this definition. He claims thatthe fulfilment of this property (but not the constancy of its‘nominal’ price) qualifies the Standard commodityas an invariable measure of value. In this paper, a proof ofthe invariance of the price of the Standard commodity with respectto changes in income distribution is given, and the equivalenceof this property with Bellino's definition of invariance isshown.     

美国土地价值捕获制度及其借鉴

在美国，土地价值捕获（value capture）是指将土地的自然增值全部或部分回收归于社会的过程。本文对美国“土地价值捕获”的原理与实现方式进行了分析，总结特点，提出了针对我国土地增值收益分配的借鉴意义。     

AN EMPIRICAL EXAMINATION OF RELATIONSHIP MAGNITUDE

Based upon a review of the extant literature, it is proposed that the structure of an interorganizational relationship is composed of relationship type and the under‐researched construct of relationship magnitude. Specifically, it is hypothesized that relationship magnitude, a second order construct composed of trust, commitment, and dependence, affects relationship type, which affects the perception of value of the relationship. The results of a survey analyzed through structural equation modeling support these hypotheses.     

企业家·生命·周期及其价值提升研究

互企业家生命周期是指企业家所面临的一个从起步到成长、从成长到成熟、从成熟到衰退的过程。本文从分析企业家生命周期的内涵出发,探讨了影响企业家生命周期的因素,企业家生命周期与企业家价值之间的关系,得出可以通过优化企业家生命周期来提升企业家价值;最后提出了一些优化企业家生命周期的具体途径。     

On efficiency of the ratio estimator

Summary The exact mean square error for the ratio estimator of a finite population total based on simple random sampling without replacement is shown to have an expected value less than that of the variance of the ratio estimator based on Midzuno’s scheme, under a usual super-population model.     

各种指数基金模型的实证比较分析

在指数基金管理方面，存在着多种优化的指数投资组合的构建方法和绩效评估方法，本文以实证研究的形式，比较分析了由5种“选股”方法和5种“资金配置”方法所构成的25种投资组合在各种绩效评估方法下的表现。最终得出结论认为，在遗传算法下利用DMinMax模型配置资产权重将具有较好的投资绩效。