王阳明《春秋》学思想初探

现代学者对于王阳明解读儒家经典的著作的研究较少,尤其缺乏对王阳明《春秋》学思想的研究。王阳明虽然在《春秋》学方面上的文字著述较少,但是从他的弟子在文集中记录的《春秋》学论断出发,可以发现他的《春秋》学思想是对宋代《春秋》学家胡安国思想的继承和发挥,看到王阳明如何从心学的维度上确定《春秋》的经传关系,进而厘定王阳明《春秋》学思想在其心学体系中的重要地位。     

浅谈新疆油田矿区物业的环境管理

本文从新疆油田矿区物业环境管理的实际出发,简述了物业环境管理的意义,阐述了新疆油田矿区物业的环境管理的主要措施和成果,并提出了物业环境管理未来的发展方向.     

Financial Development,Interest Rate Liberalization,and Macroeconomic Volatility

This article examines the relationship between financial development, interest rate liberalization, and macroeconomic volatility in fifty-six emerging and developed economies over the period 1980–2009. We find that financial development plays a significant role in dampening the volatility of macroeconomic growth rate, but up to a limit. The more the interest rate is liberalized, the more likely that financial development can stabilize the economy. Particularly, interest rate liberalization has a more positive influence on emerging and developing countries. Financial development and interest rate liberalization can also alleviate the influence of external shocks. They mutually enhance their functions as economic stabilizers.     

Do controlling shareholders' expropriation incentives imply a link between corporate governance and firm value? Theory and evidence

We develop and test a model that investigates how controlling shareholders' expropriation incentives affect firm values during crisis and subsequent recovery periods. Consistent with the prediction of our model, we find that, during the 1997 Asian financial crisis, Asian firms with weaker corporate governance experience a larger drop in their share values but, during the post-crisis recovery period, such firms experience a larger rebound in their share values. We also find consistent evidence for Latin American firms during the 2001 Argentine economic crisis. Our results support the view that controlling shareholders' expropriation incentives imply a link between corporate governance and firm value.     

税收努力、征税机构与税收增长之谜

本文运用省级面板数据研究了中国税收收入高速增长的影响因素,主要考察了经济基本面和征税努力水平对于税收收入的影响。我们利用成对样本(paired sampling)的数据结构,使用工具变量处理了税收努力度量误差带来的内生性问题,估计了国税和地税机构的征税努力对于税收增长的不同影响。这种模型设定的好处是既考虑到一个地区的国税和地税面对着同样的经济基本面,同时又可以识别两个机构征税努力的增收效应所存在的差异。我们发现,GDP增长对于税收的增长有接近45%的解释力,征管努力对税收收入也有重要的贡献,地税局税收努力水平的边际效应要高于国税局的边际效应。     

Does it matter where you invest? The impact of foreign direct investments on domestic job creation and destruction

This study examines how foreign direct investment (FDI) affects domestic employment by using unique division-level data of Japanese firms. Contrary to most previous studies focusing on the effect of FDI on net employment growth, we decompose it into job creation (JC) and job destruction (JD) for each individual firm. We find that FDI destination plays an important role: FDI to Asia increases JC, whereas FDI to Europe/North America decreases it; furthermore JD decreases, regardless of FDI destination. A frictional search-and-matching model with heterogeneous jobs can explain the differential effects. The model provides additional predictions on JC and JD by job type, which are also empirically confirmed.     

An emerging market multinational Company's internationalization: From original equipment manufacturer to global brand leader

We examine an emerging market multinational company's (EMNC's) transformation from an original equipment manufacturer (OEM) to an original brand manufacturer (OBM) and global leader. Our longitudinal study of Hisense—China's largest TV company (and the world's third largest) spans three decades and involves detailed interviews with over 50 executives. We study how the company's global value chain network evolved, how it reconfigured its organization, upgraded its capabilities, and enhanced its brand reputation. We develop propositions that may contribute to improved explanations for an EMNC's internationalization sequence, development of competitive advantages, overseas management practices, and brand building.     

Model-free portfolio theory: A rough path approach

Based on a rough path foundation, we develop a model-free approach to stochastic portfolio theory (SPT). Our approach allows to handle significantly more general portfolios compared to previous model-free approaches based on Föllmer integration. Without the assumption of any underlying probabilistic model, we prove a pathwise formula for the relative wealth process, which reduces in the special case of functionally generated portfolios to a pathwise version of the so-called master formula of classical SPT. We show that the appropriately scaled asymptotic growth rate of a far reaching generalization of Cover's universal portfolio based on controlled paths coincides with that of the best retrospectively chosen portfolio within this class. We provide several novel results concerning rough integration, and highlight the advantages of the rough path approach by showing that (nonfunctionally generated) log-optimal portfolios in an ergodic Itô diffusion setting have the same asymptotic growth rate as Cover's universal portfolio and the best retrospectively chosen one.     

传统农业生态思想对绿色发展的启示

[目的]中国先民在生产实践中注重处理人与自然的关系并形成了“三才”“三宜”和相生相克思想、物质循环利用、资源的保护和适度利用等传统农业生态思想。现代农业如何继承传统农业的生态智慧,解决好在使用现代投入品时与自然和谐共生的问题,亟需进行深入研究。[方法]文章从六个方面系统梳理了传统农业的历史经验和智慧,结合现代农业发展的实际,阐发传统农业生态思想对农业绿色发展的启示。[结果]该文阐明六点启示：一是继承“三才”思想,树立农业生态系统与社会经济系统和谐发展的新理念;二是继承“三宜”思想,因时、因地、因物创造灵活多样的生态农业技术体系;三是继承精耕细作传统,建立高效、循环、平衡的现代农业生态系统;四是继承养地用地传统,农牧结合,废物利用,保障农田生态系统的永续利用;五是继承御欲节用传统,节制开发,合理利用,推动生态可持续发展;六是弘扬生态文化传统,建设产业兴旺、生态宜居的新农村。[结论]该文提出了四点建议,即运用传统农业生态思想,加快研发农业绿色技术;传承系统观、整体观,健全农业绿色发展法律体系;深度挖掘传统农业生态思想价值,为农业绿色发展提供历史借鉴;保护农业文化遗产,留住农耕文化的载体,为...     

双重成本约束下的最优企业所有权安排-企业共同治理的经济学分析

对企业治理及其最优所有权安排的探讨必须从企业本质的两重属性及其互动的角度动态地考察.从这个角度看,企业的最优所有权安排受到知识成本和代理成本的双重约束.在双重成本约束下,企业所有权的集中与分散对应的结合是企业发展中最优所有权安排的常态.共同治理是企业长期发展和成长的必然选择.