正确地认识和运用技术指标的背离——基于《证券投资技术分析》教学的思考

技术指标分析是证券投资过程中重要的分析手段之一。但人们对技术指标的背离存在着认识上的偏差和运用上的误区。如何正确地认识和运用技术指标的背离,是教学和实践中必须解决的重要问题。传统经典的技术指标背离忽视了指标本身的周期性规律,以致在运用时经常发出不适宜操作的背离信号,影响股价未来走势研判的准确性。虽然技术指标背离的出现是比较明显的行动信号,但这并不一定要立即采取行动。不宜单独使用背离,还应与其他指标相配合使用。     

基于IFAHP的房地产企业投资风险评价

房地产企业投资是一个高风险行业,为避免投资失误,提高决策水平,进行房地产企业投资风险评价具有一定的理论和实践意义。针对房地产企业投资风险的复杂性和不确定性,在借鉴近期国内有关房地产企业投资风险相关研究和分析基础上,利用问卷调查法对投资风险因素进行了识别,构建了风险评价指标体系,并采用改进模糊层次分析法对风险指标体系进行了评价分析,从理论上找出影响房地产企业投资的关键风险因素,为房地产企业投资风险评价提供了较为合理的参考依据,使投资决策更为科学。     

艺术品金融化创新探析——份额化交易模式

艺术品份额化交易模式是我国在艺术品金融化道路上的一种探索形式。本文详细介绍了天津文交所艺术品份额化交易的推行主体、上市流程和主要交易规则,就其运营以来出现的问题进行分析,并在此基础上对我国艺术品金融化提出几点建议。     

To invest, or not to invest, in brands? Drivers of brand relevance in B2B markets

When allocating resources to brand investments, managers should consider the relevance of brands to the purchase decision process. Past research on consumer markets shows that brand relevance generally is driven by three functions: image benefits as well as information cost and risk reductions. This study is the first to investigate these underlying mechanisms of brand relevance in a business-to-business setting. Our main contribution is that, in contrast with consumer markets, brand relevance in industrial markets depends primarily on risk and information cost-reducing effects. Therefore, business-to-business firms should invest in their brands using tactics that support the reduction of risk and information search costs for customer decision making. This article also demonstrates that brand relevance differs across product categories, such that depending on the specific category, investing in brands may or may not be a promising strategy.     

A bittersweet phenomenon: The internal structure, functional mechanism, and effect of guanxi on firm performance

This paper explores the mechanism of guanxi and how it affects firm performance from a constructive perspective. It aims to contribute to the extant literature by investigating the negative side of guanxi and expounding on how guanxi functions, adversely impacting firm performance. Specifically, as guanxi grows, its negative effect leads to erosion of firm performance. Further, interorganizational trust and relationship-specific investment, as two potential mediators, can enhance and amplify the eroding effect of guanxi on firm performance.     

The role of renqing in mediating customer relationship investment and relationship commitment in China

There is a growing research interest in guanxi marketing, which has been considered the Chinese version of relationship marketing. However, very little empirical research has investigated the implicit nature of renqing, the underlying mechanism that explains the cultivation and maintenance of guanxi. This study examines the role of renqing in mediating customer relationship investment and relationship commitment in the insurance industry. The authors surveyed 245 car insurance policyholders in China. The findings confirm the mediating role of renqing in such relationships and show that renqing explains a very high proportion of the variance in levels of customer relationship commitment. This result offers valuable insights and suggestions as to how to increase levels of customer relationship commitment in China.     

农村基础设施投资效应研究——基于辽宁省的实证分析

运用双对数C-D生产函数模型来实证检验各类基础设施投资与农业经济、非农经济和农民收入之间的内在关系。分析结果表明,不同基础设施投资对辽宁农业生产、非农业生产、农民收入水平的产出弹性均具有显著的影响,并且,教育基础设施的作用最为突出。因此,辽宁省要继续优化农村基础设施投资结构,为农村经济持续发展创造条件。     

论中国超经济外汇储备的调整

中国外汇储备规模不断扩大,构成相对集中,在收益有限的情况下,对冲国内资产价格泡沫和通货膨胀以维护货币政策稳定的成本不菲,尤其面临人民币升值、国外固定收益债券价值下跌及长期机构债违约等风险。须从源头和用途两方面加强对中国外汇储备的积极管理,实施多元化投资,实施经济体制改革,通过市场力量和创新来给巨额外汇储备消肿,尤其从国际金融战略的层面推进人民币国际化,加强人民币在区域货币合作和国际金融体系中的作用和影响。     

规划期内固定资产折旧预测模型

随着经济社会对电力需求的日益增长,电网投资规模不断扩大,电网企业的投资能力和资金成本备受关注。固定资产折旧资金是企业未来投资的重要来源,固定资产折旧已成为电网规划编制中电网投资能力测算的重要参数。基于企业工作实践,给出2种固定资产折旧估算方法,运用算例进行了拟合验证,可以较准确地预估规划期内折旧额,为电网科学规划、投资决策提供依据。     

巴西未来10年输电扩展计划及投资机会分析

巴西水力资源丰富,未来水电资源开发主要集中在西部和西北部,远离东南部经济和能源消费中心,需要长距离、大容量传输电力。未来巴西政府将加大输电工程建设力度,相关投资机会巨大。着重对巴西10年输电扩展计划和投资机会进行了分析,以供我国企业境外投资参考。