Foreign Ownership Restriction and Momentum – Evidence from Emerging Markets

This study investigates the impact of foreign investors on stock price efficiency and return predictability in emerging markets. It finds that stocks fully investible for foreign investors exhibit stronger price momentum than non‐investible stocks. The difference in momentum effects between stocks with different levels of investibility cannot be fully explained by world market risk, size, turnover, or country‐specific factors. Further tests show that fully investible stocks have no post‐earnings‐announcement drift (PEAD), and their short‐term momentum reverses over a longer horizon. These results show that the stronger momentum of highly investible stocks does not appear to be driven by foreign investors' underreaction to firm‐specific information, but is more likely to be generated by their positive feedback trading.     

浅议游线基础设施规划设计对地质景观脆弱性的保护

地质景观是自然山水旅游的核心资源,得到了世界各国的高度重视。对地质景观保护最为有效的做法是把地质景观比较集中的区域进行规划设计建成地质公园,形成保护与开发的良性循环。在地质景观规划设计过程中,游线基础设施对地质景观的脆弱性保护起着至关重要的作用。针对不同地质景观脆弱性,如何进行地质景观游线基础设施的规划设计是本论文要研究的主要内容。     

网络流行语“中国大妈”和“中国式X”解析--基于认知及社会文化维度

伴随着新媒体的发展，“中国大妈”和与其结构类似的“中国式X”的网络流行语正在受到越来越多的关注。代表一种独特的文化现象的“中国式X”，本身就是一个语言模因，它的各种次生语言形式在模因的作用下得以在社会大众之间广泛繁殖和衍生。我们既可以从认知语言学的概念重叠和概念整合角度对“中国大妈”的形成及其所隐含的调侃语义进行解读，也可以从社会文化学领域的模因论视角对“中国式X”的传播进行探讨。     

评价体验英语综合教程第一册(英文)

通过衡量体验英语综合教程第一册,得出教师对于教科书必须持客观态度,并通过教师自己的修改和补充,来更好的利用它。     

Measuring the economic impacts of major sports events: the case of Formula One Grand Prix (F1)

This study was examined the new money generated from Formula One Grand Prix (F1) and the economic impacts of this new money on the host economy using input–output analysis. We find that the impact of the new money from non-local attendees or international attendees is more pronounced compared to that from local attendees. Also, F1 event appears to influence on sports-related industry as well as other industries such as manufacturing industry. Our findings suggest that the host cities should focus on increasing the non-local and international attendees in order to enhance the economic impacts of a sport event.     

A penny for your thoughts: Inducing truth-telling in stated preference elicitation

Contingent valuation often induces hypothetical bias. In a laboratory experiment, we test three calibration mechanisms: cheap-talk, consequentialism, and a new mechanism, the Bayesian truth serum (“BTS”). We apply the BTS in a “faith-based” format: subjects are informed about the purpose and potential efficacy of the BTS, but not its theoretical foundations. We find that real and hypothetical responses differ significantly; real and consequentialist responses are statistically indistinguishable; cheap-talk and the BTS eliminate bias inconsistently; subject characteristics interact significantly with treatment.     

How does growth need strength influence employee outcomes? The roles of hope,leadership, and cultural value

Abstract

Strong growth need is essential if an employee is to be motivated to complete complex and challenging jobs. It is important for organizations to attract employees with high growth need strength and help them achieve positive outcomes. However, limited research has been conducted to examine the mechanism underlying growth need strength’s positive effect on employee outcomes. Based on hope theory, we hypothesized that hope mediates the effect of growth need strength on job performance and affective commitment by transforming employees’ general desire for personal growth into goal-related cognitive thinking, comprising both ‘will’ and ‘ways’. We further hypothesized the moderating effect of transformational leadership, and the joint moderating effect of transformational leadership and individual power distance on the relationship between growth need strength and hope. We tested our hypotheses with data from a sample of 265 subordinate–supervisor dyads from China. Data analysis results supported the mediating role of hope. We found that growth need strength has a stronger effect on hope when transformational leadership is higher, and this effect is the strongest when both transformational leadership and individual power distance are simultaneously higher. The implications of these findings for human resource management research and practice are discussed.     

2010-2011年西藏地区医院业务收入影响因素分析

目的:分析西藏地区医院业务收入的影响因素。方法:对2010-2011年西藏医院门诊、住院收入变动建立因素指数体系,应用多因素分析法分析医院业务收入。结果:2011年较2010年西藏地区医院业务收入增加,以住院日均费用、门诊人次增加为主,住院日均费用中药费涨幅不大。结论:西藏医疗水平在不断进步,服务质量在不断提高,综合经济管理能力在不断提升。     

中国物流企业运输成本控制浅析

运输是物流体系的核心部分,运输的合理化对物流起着至关重要的作用。如何能够有效降低企业运输成本,增强企业的竞争力,这需要从当代物流发展的实际状况出发,分析影响运输成本的因素,从而采取有效措施来合理组织运输,进而实现降低运输成本,提高物流效益的目的。     

释意理论视阈下涉外高技能人才的跨文化翻译过程

释意理论认为翻译不是纯粹的字词对应翻译,而应更注重原文的思想内涵,追求原文与译文的意义对等。释意理论很适合指导涉外高技能人才的涉外翻译工作。以释意理论为指导,遵循释意翻译三步骤,就可成功跨越翻译中的文化障碍。