Convergence of accounting standards and foreign direct investment

Since the development of the eclectic paradigm by Dunning (1977, 1988, 1993), many studies have investigated different forms of location advantages that attract foreign direct investment (FDI). In this study, we consider accounting standards as a component of the institutional infrastructure of a location and hypothesize that the convergence of domestic and International Financial Reporting Standards (IFRS) promotes FDI as it reduces information processing costs for foreign investors.² We also hypothesize that the effect of reduced information costs is stronger for partner countries whose accounting systems showed greater pre-convergence differences because they magnify the facilitating role of accounting standard convergence for FDI. Using bilateral FDI data from 30 OECD countries between 2000 and 2005, we find evidence generally consistent with these hypotheses.     

Attitudinal Asymmetries and the Lender-Borrower Relationship: Survey Results on Farm Lending in Shandong,China

This paper addresses the problem of social interactions and the lender-borrower relationship by measuring the disconnect between borrowers and lenders across a wide range of lending-related attributes. The degree by which lenders and borrowers connect disconnect depends on whether lenders’ and borrowers’ perceptions across these attributes are symmetric or asymmetric. We compare field survey results from 120 loan officers at Rural Credit Cooperatives (RCCs) in China’s coastal Shandong province, and pair them with an existing survey on identical questions to 394 farm households in the same region. Pairing lenders’ perception towards borrowers regarding RCC microcredit lending mechanism, against borrowers’ perception towards lenders and how themselves were perceived by lenders in the same regards, we observe on many dimensions a disconnect between them in the context of lenders’ “care” towards borrowers, loan rejection, memberships of RCC and group guarantee, lending concerns, cost of borrowing, reasons for default, credit rationing, and lending preferences. This research provides financial institutions with outreach mechanisms to borrowers, while also training lenders to borrowers’ sensitivities.     

经济发展方式转变下扩大我国消费对策研究

本文首先分析了改革开放以来我国消费率的变动趋势,然后对制约我国消费增长的因素进行剖析,最后提出要从供给和需求两方面来扩大我国消费,更重要的是转变经济增长方式和进行结构调整,着力培育促进消费持续增长的长期机制.     

Why Has China's Current Account Balance Converged after the Global Financial Crisis?

China's current account surplus declined significantly from its peak of nearly 10 percent of GDP in 2007 to less than 1 percent in 2018. The new pattern offered fresh evidence for our understanding of China's current account dynamics. In this paper, we used flow of funds data to gauge its underlying driving forces. Specifically, by employing index decomposition analysis, we decomposed the current account from the perspective of savings and investment into three sectors: the household, corporate, and government sectors. We found that the decline in China's current account ratio was first driven by cyclical factors, i.e. weak corporate saving growth induced by the economic slump in 2009 as well as the following massive corporate investment bolstered by the government stimulus plan. However, such cyclical factors quickly subsided, and the subsequent current account balance reduction was later supported by structural factors, i.e. household savings declined enduringly and the Chinese government switched to a more expansionary fiscal policy. There are three possible explanations for the structural movement: reduced precautionary saving due to higher social security coverage ratio, lower corporate profits as a result of economic slowdown, and a twin deficit due to the government's more relaxed fiscal stance. The new facts, however, were not consistent with other current account theories focusing on long‐term aspects of the saving–investment account puzzle, especially those relating to China's special demographic characteristics.     

粮食中伏马毒素B1、B2的免疫亲和净化超高效液相色谱测定

建立了免疫亲和柱净化-超高效液相色谱法快速测定粮食中伏马毒素B1、B2的检测方法.样品经提取后,用免疫亲和柱净化、浓缩,Waters Acquity UPLC BEH C18(50 mm×2.1 mm,1.7 μm)色谱柱分离,以甲醇/磷酸二氢钠溶液(77/23,v/v)为流动相、流速为0.2 mL/min、进样量为1μL,用Acquity荧光检测器激发波长为310nm、发射波长为435 nm处进行检测,无需衍生,伏马毒素B1、B2的保留时间小于6.5 min,从样品前处理到分析整个过程小于45 min.根据3倍信噪比的峰响应值,确定伏马毒素B1、B2的检出限为0.05 ng,在0.25～10.0 ng范围内呈线性相关,相关系数R2值分别为0.9972和0.9999;FB1和FB2在粮食样品中加标回收率分别为70.0％～100.5％和74.8％～96.0％,精密度分别为2.2％～5.5％和4.3％～7.4％.本方法简便快速、灵敏度高、重现性好、溶剂用量少,适用于粮食中伏马毒素B1、B2的快速测定.     

论高校德育对中国传统节日文化的传承与创新

中国传统节日形式多样,内容丰富,蕴含了中华民族优秀的道德观念、思想观念和价值观念,是中华民族的宝贵财富。本文以传统节日习俗和内涵为依据,通过对传统节日文化的德育价值分析来探索高校德育教育的途径,使高校德育教育的效果得到提高。     

国内游客饮食消费动机满足感及其满意度研究——以南京市为例

本文以南京市为例,运用调查法与统计分析法,探讨了国内游客饮食满意度与饮食消费动机满足感及其在人口学特征和出游方式方面的差异性,并进一步分析了国内游客饮食满意度与消费动机满足感之间的相关关系及结构关系。结果显示,南京市国内游客饮食消费动机满足感及其满意度的评价水平普遍不高,在人口学特征及出游方式方面的差异性不尽相同,国内游客饮食总体满意度与饮食消费动机满足感之间存在着显著的正相关关系,其中,国内游客饮食消费动机满足感对饮食总体满意度的影响程度最大的为求新求异满足感,其次是充饥满足感,再次是文化体验满足感,最小的为营养健康满足感。     

响应面法优化火棘果中黄酮类化合物提取工艺的研究

采用乙醇回流提取方法,以单因素试验结果为依托,利用Design-Expert软件中Box-Behnken模型探索提取时间、提取浓度及提取温度对黄酮类化合物提取率的影响。结果表明,提取时间、提取浓度及提取温度对提取率的影响极为显著,得到最佳提取工艺的条件为:提取时间4 h、乙醇体积分数80.6%、提取温度71℃。以此条件进行试验,得到火棘果中黄酮类化合物的提取率为1.268%,与理论提取率1.270%较接近。     

石油套管漏磁检测标准影响因素研究

简要介绍石油套管缺陷形式及缺陷检测方法,着重阐述石油套管漏磁检测的原理及石油套管漏磁检测标准,分析自动漏磁检测设备影响因素及应对措施,展望石油套管漏磁检测的应用前景。     

鲤春病毒血症监测方法的应用研究

为提高鲤春病毒血症的监测效率,将细胞培养、酶联免疫吸附试验和PCR方法有机结合,先用细胞扩增病毒5d以提高后续检测的灵敏度,然后用酶联免疫吸附试验进行高通量初筛,最后对可疑阳性用PCR确认。虽然这样的联合检测方法比国标GB/T 15805.5-2008方法多了一个检测步骤,但是却能将检测时长缩短一半,提高了检测效率。经过在45个无临床症状样品上应用,结果显示,联合检测方法和国标方法的结果完全一致,且缩短了检测周期,提高了检测效率,能够发现样品早期感染状态,实现对鲤春病毒血症的高效监测。