神奇的“中国小红盒”

如火似的方形红绸盒中装有一只洁白如玉的腊球,球里珍藏着一枚圆润光亮的褐色药丸,这让吃惯了白药片的人百思不得其解.张裕"中亚牌"至宝三鞭丸以独特的包装、神奇的疗效,在国内外传为神话,仿佛那小红盒里藏着一个小精灵,国外人给了它一个十分独特的称号--神奇的"中国小红盒".     

Demystifying the Management Structure Puzzle: an Empirical Investigation into the Drivers of REIT Internalization

Real estate investment trusts (REITs) have grown to become an important financial product in Asia, which today stands as the second largest REIT market in the world. Although existing literature has shown that externally managed REITs have underperformed their internally managed counterparts, the Asian REITs market has a strong preference for the external management model. This paper investigates the factors that drive REITs to internalize or deter them from internalizing their manager by studying the characteristics of 26 internalization subjects in Australia at their point of internalization. We compare their financial, corporate governance and portfolio characteristics to a control group. We find the MBR, the parent of the REIT manager, the asset size, and the geographic diversity of assets to be significant determinants of the probability of these REITs internalizing their manager. The low growth prospect faced by large Australian REITs that had a domestic investment focus motivates them to internalize their manager.     

美元指数与原油价格暴涨暴跌的交互刺激研究

采用具有相互刺激特征的Hawkes过程探究美元指数与原油价格暴涨暴跌的交互刺激作用。结果表明:在暴涨暴跌幅度均服从广义帕累托分布的基础上, Hawkes过程对美元指数与原油价格的暴涨暴跌均拟合得较好;美元指数和原油价格的暴涨暴跌具有明显的自我刺激效应,且原油价格的暴涨暴跌会单向刺激美元指数暴涨暴跌的发生,即交叉刺激效应具有非对称性。同时,实证发现Hawkes过程对美元指数与原油价格的暴涨暴跌的预测能力要优于泊松过程。     

国外品牌资产研究进展

对品牌资产的研究在进入21世纪后并没有减弱,涌现出了大量的研究文献。本文将这些文献归纳为四个方面：评估方法研究、交叉学科的引入、品牌资产与其他因素相互影响研究及其他类研究。对国外品牌资产的最新研究成果进行总结和梳理,对了解和把握其研究前沿,找准未来研究趋势都具有重要意义。     

发展环城游憩带的市场分析——以长沙市为例

一、环城游憩带的内涵与发展趋势环城游憩带(ReBAM)实际上指存在于大城市郊区,主要为城市居民光顾的游憩设施、场所和公共空间,特定情况下还包括位于城郊的外来旅游者经常光顾的各级旅游目的地,一起形成环大都市游憩活动频发地带。     

国内物流中心选址研究方法综述

以选址方法是否带有主观权重赋值为切入点,通过两个方面对这类问题进行了简要的文献回顾,并在此基础上概要地综述了他们的研究方法,对于个别研究方法也提出了需要进一步改进之处。最后,讨论了在物流中心选址研究中比较适宜的研究方法。     

AGV适用性综述

文章从AGV适用范围入手,把对适用性有关联的各种车型结构、导引方式、路径形式以及调度模式等因素作了较全面的综合论述。介绍了各项具体内容的主要特点和不足．结合实际应用指出了适用的条件和场合。对在AGV项目的总体设计中正确理解,准确把握,灵活应用具有一定的参考价值。     

Reg-FD and the competitiveness of all-star analysts

We examine the impact of Regulation Fair Disclosure on the competitive advantage of All-Star analysts as measured by turnover in the rankings. Institutional Investor All-Americans, chosen by votes of institutional investors based on overall helpfulness, experienced a significant increase in turnover as Reg-FD was implemented. Non-US analysts and US analysts ranked solely on the basis of public stock recommendations did not. Within a few years, however, All-American turnover returned to pre-Reg-FD levels, suggesting that the new All-Americans built a competitive advantage stressing aspects of performance less dependent on privileged communication.     

国外通货膨胀指数年金发展与启示

通货膨胀将可能降低到期保险金的实际购买力,削弱保险的保障作用.通货膨胀指数年金产品的年金给付与消费者物价指数挂钩,有效化解了通货膨胀风险.国外通货膨胀指数年金的存在以政府发行通货膨胀指数债券为基础.我国企业年金和其它合格养老金计划应制定强制转换年金产品的规定.政府尽快发行通货膨胀指数债券,鼓励年金发展,为人们提供化解通货膨胀风险的工具.     

我国推行物价变动会计的思考

物价变动是世界各国普遍关心的问题,针对目前我国市场存在的通货膨胀问题,物价变动会计的研究提上了日程。文章分析了我国推行物价变动会计的客观要求,分析了我国物价变动会计的现状,提出了我国发展物价变动会计的难题,并讨论了相关的对策。