网络时代学校德育工作的新思考

21世纪是网络时代。网络在给人类带来进步的同时，也对人类（特别是青年学生）的社会行为及人生观、价值观等带来了消极影响，从而使学校德育工作面临着新的机遇和挑战。如何迎接网络挑战，探索新的育人之路，这是我们德育工作者必须认真研究的重要课题。     

艺术价值构成中的美和道德

关于艺术的价值构成问题一直是一个争论不休的话题,本文通过纵向和横向两方面的考察,对中外古今存在着两种完全对立着的艺术价值论--道德价值说和审美价值说做了深入剖析,在此基础上指出艺术的价值实现体现于艺术文本对审美与道德两个层面的价值关怀,因此本文立足于当下艺术创作的现实,强调在艺术价值的全面实现中,偏废任何一面都会使艺术受到损害.     

DELEGATED PORTFOLIO MANAGEMENT: A SURVEY OF THE THEORETICAL LITERATURE

Abstract.  This paper provides a selective review of the theoretical literature on delegated portfolio management as a principal–agent relationship. The main focus of the paper is to review the analytical issues raised by the peculiar nature of the delegated portfolio management relationship within the broader class of principal–agent models. In particular, the paper discusses the performance of linear versus nonlinear compensation contracts in a single-period setting, the possible effects of limited liability of portfolio managers, the role of reputational concerns in a multiperiod framework, and the incentives to noise trading. In addition, the paper deals with some general equilibrium dimensions and asset pricing implications of delegated portfolio management. The paper also suggests some directions for future research.     

Capital market equilibrium with moral hazard and flexible technology

(Magill, M., Quinzii, M., 2002. Capital market equilibrium with moral hazard. Journal of Mathematical Economics 38, 149–190) showed that, in a stockmarket economy with private information, the moral hazard problem may be resolved provided that a spanning overlap condition is satisfed. This result depends on the assumption that the technology is given by a stochastic production function with a single scalar input. The object of the present paper is to extend the analysis of Magill and Quinzii to the case of multiple inputs. We show that their main result extends to this general case if and only if, for each firm, the number of linearly independent combinations of securities having payoffs correlated with, but not dependent on, the firms output is equal to the number of degrees of freedom in the firm’s production technology.     

A theory of predictable excess returns in real estate

A principal-agent model is employed to characterize the equilibrium mortgage contract. The value of a house depends on the actions of its owner but affects the wealth of both the owner and the lender who writes the mortgage contract with which the house is purchased. Because of this, the buyer is exposed to moral hazard. In some situations, this can lead to inefficient maintenance and predictable excess returns to home ownership. Even though there are potential buyers willing to pay back more money, the bank will not write loans for these consumers because of the adverse incentive effects of such an action.     

Dynamical analysis of corporate bonds based on the yield spread term-quality surface

Our aim of this research is to propose a model which estimates implied relative credit reliability from the yield spread of defaultable bonds and evaluates their spread risk. We introduce “yield spread term-quality surface” (YSTQS) which is defined on the space of duration and credit reliability of the issuers, and express their yield spread. First, we review the general pricing theorem of defaultable bonds with unpredictable recovery in the no-arbitrage context based on the external hazard rates. Second, we show that the dynamics of state variables determine the shape of the YSTQS, and they drive the YSTQS if the loss-adjusted hazard rates are described by a function of them. Finally, we show an empirical analysis of our model with daily yield spread, duration, and the credit ratings of corporate bonds.

高层管理者应具备品德的实证研究

本项研究以高层管理者应具备的品德作为研究对象,对340名在读MBA学员进行了问卷调查。研究发现,责任心、守信、自信、创新、团队合作、进取、公正和坚韧不拔被认为是最重要的品德,而无私奉献、平易近人、谦虚、坦率、热忱、关心人、忠诚、廉洁则处于相对次要的位置。     

我国企业年金逆向选择和道德风险管理研究

当前形势下我国人口老龄化问题日益凸显,基本养老保险制度面临着巨大的支付压力。企业年金在缓解基本养老保险给付方面起到了重大的补充作用,但是我国现行的企业年金在实际运营管理中存在很多问题。论文从委托代理角度分析企业年金各主体之间的逆向选择和道德风险问题,并提出几点相关政策建议,以完善我国企业年金制度,使其更好地为企业职工提供更安全更实惠的社会福利。     

团队生产的纳什均衡及合作博弈空间

本文在霍姆斯特姆所做贡献的基础上认为团队生产问题在本质上等同于囚徒困境问题,并指出霍姆斯特姆的实施强制契约的解决方法存在逻辑漏洞,在现实社会中一般是无效的.本文依据社会经济人个人效用最大化的条件定义了团队生产的合作战略博弈空间,合作战略博弈空间的均衡极点(即个人效用最大化点)就是团队生产收益分配博弈的纳什均衡解.如果个人收益的总和等于集体收益的最优值,那么个人理性与集体理性之间就达到统一,处于帕累托最优状态,即不存在道德风险;反之,则说明存在道德风险.并给出了在团队生产中通过改变合作战略博弈空间达到帕累托最优的一个特例,指出了科学合理地改变合作战略博弈空间在社会经济发展中的重要作用     

中学思想政治教育存在的问题与归因分析

思想政治教育积极引导中学生的积极的、健康的、向上的品格,对于实现德育目标,充分发挥德育的功能起着重要作用。但在思想政治教育发展过程中仍存在一些问题,分析问题的成因并积极应对问题,对于中学思想政治教育有着重要意义。