油井水泥产品质量现状分析

结合2000～2005年对各油田油井水泥的质量监督工作，对我国油井水泥使用的标准、产品工艺、产品质量现状进行了分析。     

数据包络分析有效性理论的一点探索

文章给出经典的基于输入的和基于输出的数据包络分析(DEA)模型,以及把基于输入和基于输出的模型相结合的相对效率模型,并且把这些模型引用到评价证券的相对有效性上,以风险作为输入,期望收益率作为输出,便可以用DEA模型评价每只证券的相对有效性.     

对我国取消农业税及相关问题的探讨

2004年起我国将在五年内取消农业税,并对粮食生产予以一定的补贴,这是我国税费改革中一件历史意义的大事,必将对我国农村经济的发展产生重大而深远的影响.为此,必须正确认识税费改革的意义,为要保证改革成功应坚持减轻农民负担、实事求是、走群众路线三条原则,正确处理各方面关系.     

Got milk? The rapid rise of China’s dairy sector and its future prospects

This paper synthesizes recent research and new empirical findings to build a more comprehensive understanding of developments in China’s dairy sector. China’s tremendous rise in dairy demand has been driven by several mutually reinforcing factors: including rapid income growth, promotion by the government and dairy industry, changes in urban lifestyles, and the development of new, more sophisticated marketing channels. Domestic milk output has grown to satisfy rising demand largely by increasing the dairy herd. Substantial increases in productivity have been achieved through technology adoption, but there is evidence that the torrid growth has created inefficiencies because adaptations to marketing rules, infrastructure, and institutions have not kept pace with the changing environment. These results suggest there is ample room for future growth in both domestic milk production and dairy demand, but multinational firms and imported products will likely play and increasing role as China’s dairy market continues to develop.     

多媒体教学在高职高专英语教学中的应用

在高职高专英语教学中运用多媒体可充分调动学生学习的主动性和积极性，培养学生的创新能力，进而优化课堂教学，提高教学效率，有效地解决高职高专英语教学中存在的问题。     

Pricing of Mutual Fund Services in Retirement Plans: Evidence from Open-End Equity Funds

Management fees of mutual funds are more costly to investors than is often realized. Moreover, research indicates that in many cases, the fees are not related to performance, contrary to what might be expected from an efficient market. This study uses sample data to illustrate the consequences of inefficiency to an individual investor. It then turns to an empirical examination of the determinants of the ratio of management fees to total assets (MER), investigating market concentration, fund performance, and non-performance characteristics as explanatory variables. All of these classes of variables contributed to the variation of MERs . JEL Classification G23     

转型与经济信息生产方式的演化创新

一定制度下的经济信息生产方式是决定其资源配置效率的重要基础。从制度或资源配置方式的转型角度,分析了经济信息生产方式与一定制度下资源配置的效率关系;指出与传统自由市场经济相对应的现行的会计、统计理论方法及其制度属于经济信息个体性生产方式,不适应以混合经济为特征的现代市场经济对经济信息的需求;最后以现代市场经济的混合经济特征为基点,从市场经济活动的广泛联系性、经济信息的公共物品性和满足社会需求出发,提出了建立经济信息社会化生产方式与制度模式的构想。     

MEASURING THE OPERATIONAL EFFICIENCY OF COMMERCIAL BANKS IN NAMIBIA

This paper examines the efficiency of commercial banks in Namibia using the standard econometric frontier approach. Although two aspects of efficiency (scale and scope) receive our attention, the emphasis is on the latter which pertains to whether a firm produces as efficiently as it possibly can, given its size. Our results indicate that substantial economies of scale exist in commercial banking in Namibia. This will tend to suggest that commercial banks in Namibia can increase their efficiency by increasing their current scale of operation. The results for scope economies show that the current level of input combination does not make for maximum efficiency as sufficient scope exists for a more efficient combination of inputs. We believe this will reduce operating costs in the industry and stimulate efficiency.     

Capital structure and the control of managerial incentives

We present a theory of capital structure based on the power of shareholders, bondholders and managers to control the incentive conflicts in large corporations. The manager–owner conflict produces a trade-off between inefficiency in the low state and rents in the high state, and the shareholder–bondholder conflict produces under-investment as in Myers [Journal of Financial Economics 19 (1997) 147]. Since managers and bondholders both prefer more efficient actions in the low state, the two conflicts are interdependent. With risk-less levels of debt, there are no shareholder–bondholder agency costs, but managerial control over the incentive-setting process produces excessive rents. With risky debt, shareholders focus more on returns in the high state so that shareholder–bondholder agency costs increase but managerial rents decrease. Efficient levels of debt holder protection facilitate a reduction in manager–owner agency costs that outweighs shareholder–bondholder agency costs, and are decreasing in firm performance. The results are consistent with the separate empirical results relating control to both compensation and leverage, and suggest how future studies can be integrated.     

我国企业融资制度的现状及问题

细致分析了我国企业融资制度的现状,在此基础上指出我国企业融资制度存在的问题与缺陷,并提出了一些改善现有企业融资制度缺陷的建议和办法。