贫困、生态脆弱以及生态移民——对西部地区的理论与实证分析

越来越多的事实和证据表明,生态环境恶化所导致的生态贫困已经成为西部地区贫困的区域性特征.本文基于西部地区生态贫困现状,在分析西部地区贫困分布区域和生态环境相互关系的基础之上,剖析了生态贫困的形成机理,最终提出解决西部地区生态贫困的可行方案--生态移民.     

Bank loan versus financial lease: how do traditional and innovative approaches within the banking sector influence economic growth? A comparative analysis between the US and China

ABSTRACT

The argument over the effects of financial structures on economic growth remains unsettled. This study, therefore, compares the dynamic correlation and lead–lag relationship between the different financial approaches within the banking sector (that is, traditional bank loans versus innovative financial leasing) and economic growth. We employ a continuous wavelet analysis using time-series data from 1982–2017 from the US (the world’s largest developed country) and China (the world’s largest developing country). The empirical results show that (1) episodes of significant correlation usually emerge during periods of reform, crisis or policy implementation; and (2) in China, traditional banking promotes economic growth in the long term, while the real economy only imputes the evolution of banks during critical economic reforms in the short term. Meanwhile, financial leasing could only promote the development of the real economy under suitable regulation; and (3) in the US, before the crises, the irrational growth of the real economy could increase bank assets, while during the crises, the traditional banking approach harms economic growth, and after the crises, financial leases play an important role in recovery. Therefore, we suggest that policymakers should establish adequate policies and regulations to solve the situation.     

宝洁公司的营销与广告策略

引言“世界一流产品,美化您的生活”——这是宝洁公司在世界各地推广其品牌的承诺。始创于1837年的宝洁公司,是世界最大的日用消费品公司之一。2004—2005财政年度,实现销售额567亿美元。在《财富》杂志最新评选出的全球500家最大工业/服务业企业中,排名第86位。该公司全球雇员     

基于互联网的电子物流的实施与应用

电子物流的提出和产生,是信息技术和电子商务飞速发展的情况下,现代物流发展的最新成果,是未来物流发展的方向。文中从电子物流的应用优势入手,对实施过程中存在的问题进行分析,提出一些切实可行的对策和实现手段。     

创意枭雄 智慧经营——艺术家思维，企业家行动

对于Artkey,一家在中国和美国同时开展业务的艺术授权企业，帮助企业从OEM转向ODM，增加制造业出口的利润水平。这是一家较为典型的创意产业企业，它所切入的细分市场，规模达到180亿美元。     

Order imbalance and stock returns: Evidence from China

We investigate the relation between daily order imbalance and return in the Chinese stock markets of Shenzhen and Shanghai. Prior studies have found that daily order imbalance is predictive of subsequent returns. On the two Chinese exchanges we find the autocorrelation in order imbalances is similar to that of the New York Stock Exchange as reported by Chordia and Subrahmanyam [Chordia, T., & Subrahmanyam, A. (2004). Order imbalance and individual stock returns: Theory and evidence. Journal of Financial Economics, 72, 485–518]. We also find a strong contemporaneous relation between daily order imbalances and returns. However, we do not find evidence that order imbalances predict subsequent returns. We attribute the difference in predicative power to differences in trading mechanisms on the two exchanges and to differences in the share turnover rates.     

机场环境管制探讨

机场环境管制的重点是噪声和排放物污染。除直接管制外,收费是国外机场环境管制中应用得最多且最有效率的经济管制方式。我国除继续强化已有的直接管制方式外,还可以从收取以保护环境为目的的噪声费和排放物费、限制机场土地的使用、采取国际机场协会提出的短期和长期机场环境保护措施三个方面进一步加强机场环境管制。     

投资者股利政策偏好及其交易行为

本文选取了2002-2004年深沪两市派发股利的公司作为研究样本,通过T检验和一元线性田归模型发现,投资者偏好混合股利和股票股利主要是由于这两种股利形式带来较之现金股利更高的回报率.同时,在回报率较高时往往伴随有显著的交易量增加,调整后的判定系数在1%的水平上显著,但是也表现出一定的滞后性.     

道德风险存在下董事责任保险市场的保费水平分析

本文通过对董事责任保险市场的介绍,指出在董事责任保险市场中存在着严重的道德风险问题,通过对市场中保险双方行为的博弈分析,得到在道德风险存在下的保费变动范围,并指出防止或减轻董事责任保险市场中道德风险的方法.     

公司治理中的内审人员素质研究

21世纪的今天,企业的治理环境正发生着深刻的变化,在新的治理理念下,内部审计被赋予了全新的角色与使命,内部审计人员则面临着新的挑战.本文以公司治理为切入点,阐述了内部审计人员素质的相关问题.