刍议虚拟财产的法律保护

随着网络,尤其是网络游戏的迅猛发展,虚拟财产的交易及其保护引发了是否要对其加以保护,如何进行保护,如何进行规范等一系列问题,在我国的司法实践中已经不得不开始面对这类纠纷的裁判,而在法律上有关虚拟财产的规则尚处于不确定的空白,给这类纠纷的解决带来了很大的障碍,基于此,进行虚拟财产特性、交易等等相关法律问题的研究,并在探讨其合法性的前提下,进一步论证虚拟财产的法律保护规则的建构具有十分重要的理论意义与现实意义。     

Background Risk and the Performance of Insurance Markets under Adverse Selection

Background risk can influence the performance of insurance markets that must deal with adverse selection when applicants are risk vulnerable, since they are more averse to bearing the insurable risk as a result of their exposures to background risk. We show that background risk always results in a lower deductible for the incentive constrained contract, and that a broader range of markets attains the stable sequential equilibrium cross-subsidized pair of separating contracts. We conclude that background risk always improves the performance of markets for coverage against (insurable) foreground risks that must deal with adverse selection. We also find, however, that these improvements are never sufficient to offset the cost to insureds of bearing the background risk.     

不尽的华宇传奇

一个自称“没文化”的纺织下岗女工，更谈不上通晓企业发展战略和管理理论，但是她带领着华宇所走的每一步都与优秀的成功企业走过的轨迹十分吻合     

加速度的中国队

1金1铜.中国帆船帆板队在本届奥帆赛中的表现可谓"圆满".首先是徐莉佳以超常的发挥在激光镭迪尔的比赛中摘得铜牌,这也是中国队在帆船项目上的第一枚奥运奖牌,在某种意义上它的分量几乎等同于金牌.     

河南省农业可持续发展战略研究

农业的可持续发展已经成为当今世界农业发展的一种新战略,无论是发达国家,还是发展中国家都在积极研究符合自己国情的农业可持续发展模式。文章从河南省农业可持续发展的紧迫性与必要性研究出发,探讨了河南省农业可持续发展的战略指导思想及其战略目标,并提出了河南省农业可持续发展的对策与措施,以期为区域农业可持续发展研究提供参考。     

浅谈评估与会计对接的共同价值基础

以财务报告为目的资产评估,是以资产评估为专业工具,以公允价值为计量属性,评估与会计直接对接的专业鉴证领域.新会计准则基础由收入费用观向资产负债观转型,奠定了评估与审计对接的共同价值基础.     

Asymmetric volatility in the foreign exchange markets

We examine the presence or absence of asymmetric volatility in the exchange rates of Australian dollar (AUD), Euro (EUR), British pound (GBP) and Japanese yen (JPY), all against US dollar. Our investigation is based on a variant of the heterogeneous autoregressive realized volatility model, using daily realized variance and return series from 1996 to 2004. We find that a depreciation against USD leads to significantly greater volatility than an appreciation for AUD and GBP, whereas the opposite is true for JPY. Relative to volatility on days following a positive one-standard-deviation return, volatility on days following a negative one-standard-deviation return is higher by 6.6% for AUD, 6.1% for GBP, and 21.2% for JPY. The realized volatility of EUR appears to be symmetric. These results are robust to the removal of jump component from realized volatility and the sub-samplings defined by structural-changes. The asymmetry in AUD, GBP and JPY appears to be embedded in the continuous component of realized volatility rather than the jump component.     

关于高校财务管理的几点思考

伴随着全面改革的深入,高校财务管理工作应进行如下改革:一是打通内外资金渠道,实行综合财务管理;二是建立健全硬化内部财务管理制度来规划学校的经济活动;三是转变会计职能,拓宽会计领域;四是充分挖掘内部潜力,提高现有资金的使用效益.如此才能满足高等学校教育体制改革的需要.