深圳居民消费结构变化分析

一、深圳居民消费结构的变化状况1.深圳居民收入提高,消费增加居民消费结构的变化主要取决于居民的收入状况。居民的收入提高了,消费欲望才会增强。据深圳市统计局城调队抽样调查显示,深圳居民近年的可支配收入稳步上升,1999～2003年深圳居民的可支配收入分别为20240.40、21625     

高校女生就业困境与对策探讨

面对复杂的就业环境,高校毕业生的就业问题显得更为紧迫,而高校女毕业生作为就业市场中的弱势群体将面临着更大的挑战。文章通过分析高校女生就业困境,进一步对女生就业困境进行归因,最后从培养健康就业心理、投身城乡基层、开展分类指导、强化实践环节、重视职业资格培训、实现差别化教育和建立女毕业生就业信息库等七个方面提出解决高校女生就业困境的对策。     

服务业在低碳城市化进程中的作用

生产性服务业的发展,对于产业结构调整,对于低碳城市化的进程产生积极的推动作用.要积极探索高度城市化地区和服务业集聚区的低碳发展模式.在全球经济复苏缓慢的背景下,应从低碳经济入手推动生产性服务业的发展,寻找和培育新的经济增长点.调整产业结构与"低碳城市"的要求基本一致,迅速发展的生产性服务业在中国低碳城市化进程中的作用举足轻重.     

种姓、阶级与地位——以南印喀拉拉邦为例

在印度宪法允诺一个"无种姓"社会五十多年后,种姓尚没有显示出任何要消失的迹象,但变化也确确实实地发生了。本文在南印喀拉拉邦的背景中探讨了这一变化的一些方面。基于田野调查材料,本文指出,在相互依赖的种姓体系已不复存在的今日喀拉拉,种姓等级价值已从公共领域退却,但并未就此消失,种姓歧视仍在个人的层面存在。家庭地位坐标系显示出浓厚的中产阶级特征,但社群背景并未完全失去意义。种姓内婚制不仅再生产种姓身份,也是种姓等级价值的隐居之处,这使种姓还不能等同于族群,尽管后者可能是它的方向。     

价值工程理论在国际营销中的应用

工业价值工程是以提高研究对象的价值为目的的,价值工程理论可以用于研究企业的国际市场营销活动,提高企业经营活动中所提供的产品功能与成本的比值。价值工程可以用于研究营销活动功能与成本的合理匹配,以达到最优化的价值目标。从事国际市场营销活动的企业,可以根据价值工程理论,从4P’S出发,制定有效的营销策略和选择最佳的营销组合来提高营销价值。     

国家融资担保体系建设研究

国家融资担保基金于2018年正式成立,完成了国家融资担保体系最后一步架构搭建工作。国家融资担保体系作为各项政策落地的核心与载体,承载着融资担保行业转型优化、集中管理的使命,体系质量关系到整个行业未来的发展质效。本文从体系形成及风险分担运行机制、体系发挥的积极作用以及运行初期出现的问题出发,对国担体系下一步建设进行探讨,旨在提出一些有建设性的建议供参考。     

An Application of the Dynamic Network DEA Model: The Case of Banks in Taiwan

ABSTRACT

In this study, we apply the dynamic network slack-based measure data envelopment analysis model (DNSBM) to measure the efficiency of Taiwanese banks during the period 2005–11. Using the network structure, we define intellectual capital creation capability as one of the production stages. In order to capture the dynamics of the transformation process, the nonperforming loans and loan loss reserves are defined as carryover items. This study offers sufficient information for managers to understand not only the overall performance of their banks but also the efficiency of each production stage and the dynamic changes of the overall and divisional efficiencies.     

Does Social Media Get Your Attention?

The author investigates how social media affects stock prices and post–earnings announcement drift in response to companies’ quarterly earnings announcements. Using quarterly earnings data as well Twitter and StockTwits data, the author utilizes Twitter volume and a residual methodology to generate an attention proxy that is orthogonal to the growth of Twitter accounts. The author finds that the new attention brought by social media after the earnings announcements positively affects the cumulative abnormal returns. Further, even companies reporting bad news can still have positive immediate cumulative abnormal returns if they attract enough attention from investors after an earnings announcement. The new attention effects are different in both magnitudes and statistical significance between social media popular and unpopular industries.     

Do Sovereign Re‐Ratings Destabilize Equity Markets during Financial Crises? New Evidence from Higher Return Moments

This study investigates the effects of S&P's sovereign re‐ratings on the higher moments of equity market returns over recent financial crises. Using a set of intraday stock market index prices and sovereign credit ratings for a sample of 36 countries that experienced sovereign rating changes over the period from 1996 to 2013, we find that the higher moments of stock market returns are significantly more responsive to sovereign re‐ratings during financial crises, but the effects on stock markets are not the same across different financial crises. The effects during crises are, however, magnified for large downgrades and those that are associated with a loss of investment grade status. We find that there are asymmetric effects during financial crises in that downgrades are consistently more significant than upgrades in increasing realized volatility and realized kurtosis. Both upgrades and downgrades affect realized skewness in times of crises in the expected direction.     

Does Investor Sentiment Affect the Value Relevance of Accounting Information?

We investigate whether investor sentiment affects the relationships between accounting variables and contemporaneous stock returns. Using price-relevant accounting variables identified by Chen and Zhang (2007) and the investor sentiment index constructed by Baker and Wurgler (2006), we find that the value relevance of accounting variables is collectively lower in high sentiment periods than in low sentiment periods. More importantly, earnings yield appears to be more related to contemporaneous stock returns in high sentiment periods, while other accounting variables are more related to stock returns in low sentiment periods. The effect of investor sentiment on the value relevance of accounting information is stronger for firms that are more difficult to value and to arbitrage.