中国经济长期发展路径选择:切实转变经济增长方式,实现可持续发展

我国目前的粗放型为主的经济增长方式导致资源的过度消耗和环境的渐趋恶化,这已经严重威胁到中国经济的可持续发展.转变经济增长方式不仅是"十一五"期间的重要任务,更是中国经济长期发展的必然路径选择.中国经济要实现长期稳定、健康、可持续发展,必须切实转变经济增长方式.     

CEO power and annual report reading difficulty

We examine the impact of CEO power on reading difficulty of corporate annual reports. We find that CEO power is positively related to reading difficulty, implying that annual reports of corporations with powerful CEOs are difficult to read and understand. More importantly, we find that the relation between CEO power and reading difficulty is moderated by earnings performance or corporate governance. Additional findings suggest that this relation becomes stronger for firms with lower financial reporting quality or for CEOs with shorter tenure. Our study not only joins the debate on the consequences of powerful CEOs but also uncovers several factors that moderate the relation between CEO power and annual report reading difficulty.     

公司治理思想的历史演变及其经验启示

现代企业之间的竞争,也是治理结构的竞争.在此,以文献梳理的形式,对公司治理的内涵及理论渊源进行阐述,并评析了治理模式、形成原因及趋同表现.在我国治理模式选择的问题上,提出应汲取西方治理经验并结合我国国情,在基于利益相关者的原则下,着力构建内部治理与外部治理相结合,以内部治理为主的中国特色公司治理结构.     

Altruism and the Economic Values of Environmental and Social Policies

Altruism is a type of non-use value which can have different definitions depending on the type of goods entering the utility function of the altruists and their expectations about the contributions of others. The purpose of this paper is to measure the trade-offs between different types of altruist values originating from social and environmental policies. Environmental policies are concerned with reducing health effects from a power plant while social policies involve both the attainment of public facilities for education and leisure and an increase in the income of the affected population. The empirical application utilizes a choice experiment technique which allows for valuation of multiple goods. Health effects are decomposed into the values of the risk of becoming ill, the duration of the episodes and the limitations imposed by illness. Altruist values are elicited from a population that is not affected by pollution. Results show that altruism is significant for policies directed to reducing health effects and improving the income level of the affected population, whereas there is egoism for a policy aimed at improving public facilities in the polluted suburb. The value of altruism is significantly influenced by the expectations of net benefits to be received by the affected population.     

加入WTO后科技型中小企业技术创新战略调整

随着中国加入WTO，科技型中小企业直接面临国外企业的竞争和挑战，国家对技术创新的支持政策也受到WTO相关规则的冲击。本文从加入WTO后我国科技型中小企业创新环境的变化，在分析我国科技中小企业的发展现状和技术创新优劣比较的基础,上根据WTO相关规则和现状，提出我国科技型中小企业入世后技术创新战略调整的应对之策略。     

房地产价格风险：国际教训、中国的现状及路径选择

房地产泡沫会增加金融风险,房价大幅缩水会导致银行破产,股市下跌。日本、美国、英国、泰国等都爆发过与房地产相关的银行危机。目前,中国房地产金融具有市场风险、财务风险、道德风险和信用风险等潜在风险。应利用税收手段限制投机性购房和短期炒作行为,鼓励中小户型住房的消费,加强城镇廉租住房制度建设,防范“假按揭”风险,完善惩戒机制,加强利率风险管理,完善住房置业担保制度,进一步研究制定房贷保险制度。     

Modeling Disinterest and Dislike: A Bounded Bayesian Mixed Logit Model of the UK Market for GM Food

Mixed logit models represent a powerful discrete choice analytical model but require assumptions about the functional form of the parameter distributions. The use of unbounded distributions, such as the normal distribution, may be regarded as unsuitable where theory indicates that all are negatively affected by increases in an attribute, such as price. Bounded distributions such as the triangular and log-normal are unable to model the case where a section of the population is indifferent towards an attribute, while the remainder are negatively disposed toward it. Train and Sonnier’s bounded mixed logit model accommodates these features and is employed in this paper. A censored normal and Johnson’s S_b distribution are used to model preferences in the UK for food attributes, including price and GM technology. Bi-modal distributions are identified regarding GM food: some are unlikely to ever consume it, some are close to indifference and willing to consume at relatively small discounts while the remainder are fairly unresponsive to further price reductions.     

民营经济发展战略研究

当前,国内民营经济发展主要有三种模式,即温州模式、苏南模式和青浦模式.三种模式对发展我国民营经济都具有借鉴意义,但不能照搬照抄.民营经济发展战略是一项复杂的系统工程,民营经济发展可采取集团化战略、多元化战略、融资战略、人力资源开发战略等四种战略,这四种战略都具有现实意义.     

Expressive Constitutionalism

We argue that the standard Constitutional Political Economy defence of constitutionalism, that derives from an argument relating to the shift from narrowly self-interested motivations in the in-period context to relatively general-interest decision making in the constitutional context, is flawed precisely because it is intended to relate to essentially political settings where decision making must be construed as collective in nature. We suggest an alternate account of expressive constitutionalism that points to a specific defence of constitutional conventions that are insulated from popular voting.     

收入因素与中国劣质品市场的部分逆向选择

基于Akerlof逆向选择模型,引入收入因素对其分析,通过说明收入因素影响消费偏好,进而改变消费者的无差异曲线,建立一个有限次交易后最终达到非零均衡的部分逆向选择的基本模型,并着重从这一侧面,即收入因素的影响,分析为什么在中国劣质品市场会长期存在。研究表明：购买偏好因收入增加而改变明显的劣质品的解决途径是增加人们的收入水平;购买偏好随收入增加改变不明显的劣质品的解决途径是增加外部干预。