Globalization and affordability of microfinance

We study how globalization can differentially affect financial inclusion through the lens of microfinance. Based on an institutional logics perspective, we argue that MFIs embody both social logic and market logic with regard to provision of affordable microfinance loans. Speicially, social logic is amplified by greater social globalization and the stronger presence of nonprofit organizations (NPOs) in the microfinance industry. In contrast, economic globalization catalyzes MFIs' market logic, leading to weaker or greater affordability of microfinance, depending on the relative strength of the profit-maximizing motive and real competition. We test these predictions by focusing on MFI interest-rate setting and using longitudinal data from 2030 MFI observations across 50 countries from 2002 to 2012. We find that country-level social globalization measure is negatively associated with the average MFI loan interest rates and that country-level economic globalization measure has an inverse U-shaped relationship with the average MFI loan interest rates. These results support our hypotheses and suggest a more nuanced view on how globalization affects affordability of microfinance.     

商务信用信息纳入征信系统的方法和途径研究——以辽源市为例

商务信用信息是指各级商务主管部门及商协会在依法履行管理职责的过程中,收集的反映市场主体信用状况的各类信息.商务信用信息能够比较全面的反映企业与个人的信用状况,但目前,这部分信息尚未纳入征信系统,这在一定程度上影响了金融机构及政府相关部门对该部分信息的应用.研究并采取相应措施将商务信用信息采集到征信系统,是对征信系统内容...     

阿联酋粮食战略储备项目的先进性和创新性

阿联酋粮食战略储备项目，筒仓仓容276760 t，粮食品种为小麦和稻谷，项目建设点储粮环境恶劣，图纸审查严格，整个项目设计均采用最先进的技术，并严格遵循欧美规范和标准进行设计。     

保乳手术治疗早期老年乳腺癌的临床价值

目的探讨保乳手术治疗早期老年乳腺癌的临床价值。方法将我院近期收治的早期老年乳腺癌患者150例,随机分为治疗组和对照组,各75例,治疗组患者进行保乳手术,对照组患者进行传统手术,对比分析两组患者经过手术后临床疗效,以及生活质量等。结果治疗组患者的手术中出血量、拔引流管时间、总的引流量及术后并发症显著优于对照组患者(P<0.05),同时治疗组患者经手术治疗后其生活质量高于对照组患者(P<0.05)。结论相比于传统的手术保乳手术具有手术后恢复时间短、并发症少及患者生活质量高等方面的优势,在临床治疗上可以进行大力推广。     

Are all investment decisions to subscribe to new stocks mindless?Investor heterogeneity and behavior in the process of subscribing to new stocks

The IPO process is a way for companies to improve their corporate governance and for investors to assess company quality.This paper posits that investor choices...     

以政府职能转变推动收入分配改革

收入和财富分配的不平等一直是中国改革发展中的重要问题。针对中国经济的特点,可以从政府改革的角度来研究如何更好地进行收入分配改革。地方政府主导推动地方经济的做法对收入不平等的扩大起了重要作用,加快政府职能转换,是使收入分配改革真正落到实处的破局之处,也是实现收入分配合理化可行的第一步。要改变地方政府的经济职能,降低它直接参与基础设施的程度,改革地方土地财政,建立垂直管理机构,以分散它的一部分经济管理职能,为收入分配改革打开空间。     

State‐Society Synergy and Export Sophistication

This paper contributes to the recent research on “export sophistication,” or the composition of a country's export portfolio. The central question of the current study is what determines a country's level of export sophistication. I argue that a synergetic relationship between state and society positively contributes to the level of export sophistication. The logic behind the argument is that the socially optimal level of investment in new products can only be realized if both the firm and the government find it individually profitable to carry out the investment. In cases whereby either or both lacks private incentive to invest, higher synergy between public and private sectors makes such joint investments more likely to occur. This logic is formally illustrated using a simultaneous game with incomplete information. The central hypothesis is tested using time series cross‐sectional data. The key empirical novelty of this paper is the construction of a “synergy index” based on Peter Evans' conceptualization of the term. Overall, the data give good support to the hypothesis. This relationship is particularly robust for the subsample of countries with intermediate levels of synergy. Furthermore, there is evidence suggesting that state‐society synergy is subject to diminishing returns as its values get higher.     

新媒体时代建构主义在音乐鉴赏中的价值研究

建构主义在新媒体时代的应用模式不断得到创新。本文结合新媒体技术的特点,深入剖析建构主义理论在音乐鉴赏课程教学中的重要价值。