Negative interest rate policy and the yield curve

We evaluate the implications of the ECB's negative interest rate policy (NIRP) on the yield curve. To capture various shapes of the short end of the yield curve induced by the NIRP, we introduce two policy indicators, which summarize the immediate and longer horizon future monetary policy stances. We find that the four NIRP events lowered the short-term interest rate by the same amount. The impact is dampened at longer maturities for the first two event dates, due to lack of forward guidance. By contrast, for the last two dates, forward guidance drives the largest effects in two years.     

基于模糊评价模型的物流管理专业实践教学体系研究

考虑物流管理专业实践教学的特性,从实践环节、创新与创业、管理机制、教学团队等方面构建了实践教学指标体系,并运用模糊综合评价法进行评价分析。研究结论表明,毕业实习、毕业论文、学科竞赛、创新与创业项目对物流管理专业实践教学的影响较大。     

绿色环保军用食品的研究与进展

军用野战食品是保证战士饮食的重要食物,对提高战士的身体素质、提升军队的战斗力具有至关重要的作用。各国军队首脑对此都十分重视,将此项内容作为军队建设的重要内容。基于此,本文综述了相关学者对军用食品的研究,以期为相关学者提供借鉴。     

浅析中国大豆对外贸易的现状及问题

自从中国加入世贸组织以来,我国大豆对外贸易逆差越来越大。大豆进口量逐年增长以及对进口依存度过高等现象的存在,给国内大豆种植生产带来了一定的影响。文章主要从中国大豆对外贸易的现状着手,分别从中国大豆定价权的缺失、转基因大豆对我国大豆行业的冲击、国内政策对大豆产业的支持力度不够、大豆进口管理机制有待完善等四个方面阐述了中国大豆对外贸易所存在的问题。     

Individual Large Shareholders,Earnings Management,and Capital‐Market Consequences

Using a large hand‐collected sample of all blockholders (ownership ≥ 5%) of S&P 1500 firms for the years 2002–2009, we first document significant individual blockholder effects on earnings management (accrual‐based earnings management, real earnings management, and restatements). This association is driven primarily by these large shareholders influencing rather than selecting firms’ financial reporting practices. Second, the market's reaction to earnings announcements suggests that investors recognize the heterogeneity in blockholders’ influence on earnings management. The results highlight the highly individualized effects of blockholders and a mechanism through which shareholders impact reported earnings.     

液压与气动课程CDIO教学模式探讨

探讨了基于CDIO理念的液压与气动课程教学模式,包括课程分层次教学方法设计、课程教学内容模块化设计、课程教学效果考核细化设计。通过液压与气动课程CDIO教学模式实践,可以进一步提高课程的教学质量和效果,有利于培养和加强学生的实践能力和综合素质。     

采购人员的激励问题研究

由于采购企业与其内部的采购人员之问存在着信息的不对称及两者目标的不一致,故二者之间存在着委托代理关系.运用委托代理模型,在考虑采购产品性质、外部随机因素、采购人员成本、采购人员的效用函数等因素的情况下,通过对模型解的分析,给出了影响激励采购员激励强度的各种因素,提出了采购产品的性质等几种不同情况下的激励强度,并针对此提出了一系列具体的激励措施.     

英语归属歧义的成因与消解

归属歧义是由于句法结构不明确而使某些词语产生了不同归属所引发的歧义.英语归属歧义很容易产生,而且易于形成语言谬误,影响正常交际.其中限定不明确所引发的定语归属歧义、修饰不明确所引发的状语归属歧义、修饰不明确所引发的句子成分归属歧义比较常见.