高新技术企业资产证券化问题研究

我国高新技术企业适合证券化的资产有出口贸易应收款和知识产权转让收入。出口贸易应收款的证券化宜走海外模式，在海外市场发行资产支持证券；而知识产权转让收入的证券化宜走国内模式，在国内市场发行资产支持证券。     

完善我国城市房屋拆迁补偿范围的思考

城市房屋拆迁的补偿范围是拆迁活动的核心内容,补偿范围不全面,拆迁矛盾便不能得到根本解决.我国城市房屋拆迁补偿范围过于狭窄,土地使用权没有完全补偿.文章针对目前拆迁补偿范围存在的问题进行分析,提出了完善补偿范围的相应对策.     

农民工工资收入偏低分析——现实、宏观效应与原因

农民工工资收入长期处于一个较低的水平,然而,农民工对我国GDP及其增长做出了巨大的贡献。农民工对GDP增长的高贡献与其较低的工资收入水平导致了我国社会有效需求不足。农民工工资收入偏低的核心机制是古典产权制度下的工资市场定位。因此,要解决这个问题,必须进行相应的经济体制改革,构建和谐社会。     

退耕还林政策对吴起县农民收入影响的实证分析

基于C—D生产函数模型思路,运用索洛增长方程式,对陕西吴起县退耕还林后农民收入的增长情况进行了分析,重点分析了退耕还林政策对吴起县农业生产各要素收入弹性的影响,结论是吴起县的退耕还林政策有效的改善了各生产要素的收入弹性,从而显著地提高了农民收入。     

南水北调中线工程几点思考

本文从四个方面对南水北调中线工程进行了思考:①进行费用效益分析可以使决策更加科学化;②将水资源本身价值纳入经济分析之中实属必要;③需水区节水与调水投资效益比较十分重要;④选择合适的调水时间.对南水北调中线工程决策具有参考价值.     

Rural Economies and Transitions to Capitalism: Germany and England Compared (c.1200–c.1800)

Based on a synthesis of the empirical scholarship on England and Germany, this paper demonstrates that in both regions, rural socio‐economic developments from c.1200 to c.1800 are similar: this period witnesses the rise to numerical predominance and growing economic significance of the ‘sub‐peasant classes’, which had a growing impact on the market as a result of their increasing market dependence, and from which – towards the end of the period – a rural proletariat emerged. Against the influential theory of Robert Brenner, it is argued that the period c.1200–c.1400 cannot really be categorized as ‘feudal’ according to Brenner's definition; and ‘agrarian capitalism’ does not adequately describe the socio‐economic system that obtained by the end of the sixteenth century. A genuine transition to capitalism is only evident from after c.1750, and can be found in Germany as well as in England; it is predicated both on ideological shifts and on the evolution of the rural proletariat, which is only found in large numbers by or after c.1800.     

The impact of exchange rate deviations from relative PPP equilibrium on the U.S. demand for foreign equities

Applying fixed-effects panel data, this study investigates the impact of U.S. dollar exchange rate movements during different exchange rate states (overvaluation and undervaluation) on the monthly real gross and real net purchases of foreign equities by U.S. residents over the post-Plaza Accord period. The foreign equities come from 22 developed and 25 developing countries. Previous research has posited two alternative hypotheses regarding the relationship between exchange rates and foreign investment. These are the wealth effect and the profit-oriented effect. The evidence herein suggests that these two hypotheses coexist. We find robust evidence for a negative relationship between the exchange rate movements of an undervalued U.S. dollar and the demand for foreign equities. For developed countries, the wealth effect dominates the profit-oriented effect when the U.S. dollar is overvalued, while, for developing countries, the profit-oriented effect dominates the wealth effect. The results emphasize the importance of considering exchange rate states derived from a relative PPP equilibrium when analyzing U.S. allocations to foreign equities. The findings with respect to the macroeconomic control variables are mainly in agreement with the predictions of international financial theory. Some of the results, however, disappear or become inconclusive for the period after the bankruptcy of Lehman Brothers. This may be explained by the increased uncertainty in international financial markets following this unprecedented event. The findings are robust with respect to different constructed equilibrium exchange rates.     

When new product development fails in China: mediating effects of voice behaviour and learning from failure

This paper investigates conflicts following a new product development (NPD) failure. Conducted in a Chinese business setting, the study examines whether voice behaviour and learning from failure mediate the relationship between task- and emotional conflict emerging from NPD failure. Our findings indicate that voice behaviour and learning from failure are necessary to effectively reduce task and emotional conflict and thus to enhance future NPD. Specifically, it is revealed that emotional conflict leads to a reduced level; and that voice behaviour and learning from failure are significant mediators that influences the relationships between emotional and task conflicts with it.     

The information content of funds from operations and net income in real estate investment trusts

This study compares the information content of funds from operations (FFO) and net income (NI) in the real estate investment trust (REIT) industry. We find that models using FFO explain more of the variance in cumulative abnormal returns around earnings announcement dates than models using NI do. We also find that the information content of FFO differs across REITs of different sizes. FFO does not provide useful information to investors in the case of large REITs. Finally, we show that the gain or loss from sales of property is relevant to valuing large REITs.     

基于时间维度的组织学习理论——组织从过去经历中学习的模型

从经历中学习是组织学习的重要方面。从科学、严谨的研究范式出发,结合东方传统的"阴阳"哲学思想,基于时间维度提出了包含学习主体、经历样本、成功失败经历集、学习主体特征、"知"和"行"等要素的组织从过去经历中学习的模型,并对相关问题进行了探究。具体包括:学习主体从经历中学习的认知特性;不同类型经历对应的不同学习方法,成功经历和失败经历对学习效果的差异性影响,经历集影响"知"和"行"的7种自动的和有意的学习方式;"知"与"行"相互转化及其触发机制;客观世界从时间和空间两个维度客观展开的观点等。该系统模型为未来研究提供了理论框架和实证检验方向。