High-frequency credit spread information and macroeconomic forecast revision

We examine whether professional forecasters incorporate high-frequency information about credit conditions when revising their economic forecasts. Using a mixed data sampling regression approach, we find that daily credit spreads have significant predictive ability for monthly forecast revisions of output growth, at both the aggregate and individual forecast levels. The relationships are shown to be notably strong during ‘bad’ economic conditions, which suggests that forecasters anticipate more pronounced effects of credit tightening during economic downturns, indicating an amplification effect of financial developments on macroeconomic aggregates. The forecasts do not incorporate all financial information received in equal measures, implying the presence of information rigidities in the incorporation of credit spread information.     

油气管道相关国外标准化组织制修订流程分析

对与油气管道领域相关的ISO、API、ASME、ASTM、NACE 5所知名国外标准化组织进行了简要介绍,对各组织在提案申请要求、提案内容、尤其是标准制修订流程方面进行了初步对比分析,同时以参与国际标准化组织ISO,为例详细说明了参与国际标准的注意事项及技巧,最后提出了我国在油气管道领域开展标准国际化的启示和建议。     

Does Greater Amount of Information Always Bolster Attitudinal Resistance?

Previous research suggests that attitudinal resistance to information that challenges a prior evaluation increases with the amount of information underlying the prior evaluation. We revisit this proposition in a context in which a set of important claims about a target brand are presented either alone—a lower amount of isolated information—or along with other favorable, but less important claims—a higher amount of embedded information. Results from two experiments show that when the challenge occurs immediately after the initial evaluation, a greater amount of embedded initial information does produce greater attitudinal resistance. However, when the challenge occurs after a delay, a lesser amount of isolated information produces greater attitudinal resistance. The findings qualify previous assumptions about the role of prior information in attitudinal resistance, and support a constructive view of judgment revision and attitudinal resistance.     

大庆地区高等院校英语教育教材使用的研究--从《大学英语教程》修订看专业英语的发展

大庆地区高等院校英语教育一直使用北京外国语大学编写的<大学英语教程>,把它作为基础课的教材.对于该教材使用情况的研究有利于其他院校的借鉴,也有利于英语院系的改革和发展.     

Market valuations of bargain purchase gains: are these true gains under IFRS?

This study investigates stock market valuations for bargain purchase gains (BPGs) in the context of International Financial Reporting Standards (IFRS) between 2005 and 2014. Motivated by the increased frequency and high concentration of BPGs in Europe, we study a sample of acquirers listed on the London Stock Exchange to assess the value relevance of BPGs (a) under discrepant disclosure practices (i.e. disclosure versus non- disclosure of the reasons for the gains), (b) before and after the revision of IFRS 3, and (c) considering different income classifications for BPGs (operating or non-operating earnings). BPGs, on average, are not significantly valued by the stock market. However, the post-IFRS 3 revision period, marked by stricter measurement criteria and additional disclosure requirements, witnessed a significant shift in firm valuations. BPGs for which the reason for the gain is disclosed are positively valued only in the post-IFRS 3 revision period. BPGs are consistently perceived as value irrelevant for those firms which fail to comply with mandated IFRS 3 disclosure requirements regarding the reason for the gain. Finally, BPGs classified as a component of non-operating income with sufficient note disclosure on the reason for the gain are significantly associated with prices and returns.     

论保险公司破产清算制度中的保单持有人利益保护——以新《保险法》相关制度评介为中心

构建完备的保险公司破产清算制度是我国《保险法》修订工作的重要内容之一,这不仅是应对当前逐渐迫近的世界性金融危机的现实需要,也是促进我国保险市场规范发展的制度前提。在保险公司破产清算程序中,充分保障保单持有人的利益、公平合理地清偿债务是有效化解金融风险的关键所在,新《保险法》相关内容为之提供了坚实的制度基础,但在科学性和可操作性上还有待进一步改进和完善。     

商标法第三次修订的若干思考

商标法对保护市场经济的有序发展发挥着巨大作用,与人们的生活息息相关。现行商标法已不能满足商品经济的发展。修订商标法应保留相对理由审查制度,应加大对恶意行为人的处罚,驰名商标标准应增加商品质量优异和良好售后服务的内容。     

《保险法》修订与我国海上货物保险合同法律制度的完善

在我国的国际贸易实务中,关于海上货物保险合同主体的法律制度适用《海商法》的特别规定,但关于保险利益的法律制度则出自《保险法》的一般规定,这就导致了法律制度与现实经济交易之间产生了严重的脱节现象。新近修订的《保险法》因为对保险利益在时间效力上的重构而可望对现实海上货物保险的实践产生积极影响。     

西方马克思主义:修正抑或发展——一种新的理解的尝试

我国学界对西方马克思主义的研究．长期以来要么持一种“修正论”的态度，要么持一种“发展论”的观点。这种简单的“二分法”及其争论影响了西方马克思主义的评价和研究。本文试图进行一种新的理解的尝试，认为西方马克思主义是一种由众多理论组成的驳杂理论．既需要细致地研究每一种理论与马克思主义的关系，也需要细致地研究每一个代表人物在不同历史阶段的思想变化，以及对每一种理论、每一种观点、每一个人物的思想进行细致的、具体的研究和分析，才能使西方马克思主义的研究处在同一平面而有利于展开对话，继而可以作出相对合理的、甚至正确的评价，使其研究得到深入开展。