CMBS:商业地产融资的创新方式

<正>商业地产是典型的资金高度密集型行业,其开发投资规模大、周期长、价值昂贵等特点使得需要的资金量巨大,因此融资就成了开发商最关心的问题。目前我国地产融资的途径比较单一,最传统的方法是自有资金加银行贷款,随着国家货币政策从稳健转向适度从紧,银行体系     

磷酸铁的研究进展

磷酸铁盐在氧化脱氢催化和锂电池电极材料等领域有着重要的应用。随着纳米及多孔材料的发展,各种形貌和结构的磷酸铁合成相继报道。纳米和多孔磷酸铁具有较大的比表面积,较高的活性,提高了其在催化剂和电池材料等领域相应的性能,因而逐渐引起人们的广泛兴趣。总结国内外关于磷酸铁合成与性能的研究报道,概括地介绍了纳米、多孔磷酸铁的合成方法、反应机理和性能应用,并对磷酸铁在合成和应用领域中存在的问题及研究方向做了简要论述。     

部分口岸进口原油质量分析与评价

对近3年部分口岸进口原油的质量分析表明,本文所涉及的14种(表1所示)进口原油中,除乍得(DOBA)原油属于重质原油外,多数进口原油属于中、轻质原油;除沙特中质原油属于高硫原油外,其它进口原油都属于低硫原油或含硫原油.其中进口原油最大平均密度值是乍得(DOBA)原油,为923.6kg/m3,最小平均密度值是也门(MARIB)原油,为793.7kg/m3;进口原油最大平均硫含量值是沙特中质原油,为2.56%(m/m),最小平均硫含量值是越南(BACH HO)原油,为0.043%(m/m);进口原油最大平均水杂含量值是乍得(DOBA)原油,为0.36%(v/v),最小平均水杂含量值是也门(MASILA)原油,为0.024%(v/v).     

PORTFOLIO CHOICE VIA QUANTILES

A portfolio choice model in continuous time is formulated for both complete and incomplete markets, where the quantile function of the terminal cash flow, instead of the cash flow itself, is taken as the decision variable. This formulation covers a wide body of existing and new models with law‐invariant preference measures, including expected utility maximization, mean–variance, goal reaching, Yaari's dual model, Lopes' SP/A model, behavioral model under prospect theory, as well as those explicitly involving VaR and CVaR in objectives and/or constraints. A solution scheme to this quantile model is proposed, and then demonstrated by solving analytically the goal‐reaching model and Yaari's dual model. A general property derived for the quantile model is that the optimal terminal payment is anticomonotonic with the pricing kernel (or with the minimal pricing kernel in the case of an incomplete market if the investment opportunity set is deterministic). As a consequence, the mutual fund theorem still holds in a market where rational and irrational agents co‐exist.     

Relationships among healthy lifestyle beliefs and body mass index in urban China

Consumption is a major driving force in China's economy. The consumer society is particularly emerging in the more urbanized and affluent regions in China. Given the rise of consumerism on the one hand, and the rise of overweight and obesity on the other, this study explored whether the proliferating consumer culture is a threat to the traditional health culture in China. The lifestyle‐oriented approach used in this study does not confirm a straightforward relationship between an upward trend in Chinese with (economic) assets to join the consumer society and a downward trend in health interest among urban Chinese. The result that the rise of the consumer society is not directly accompanied by a devaluation of health issues does not imply that lifestyle research is of no use. On the contrary, this paper successfully identified four dimensions of health‐related lifestyle for urban China, namely Food‐health Belief, Perceived Knowledge, Health Careless and Group Conformity. This result is informative with respect to the complexity of sociocultural factors influencing the increasing prevalence of overweight and obesity.     

未婚青年生殖健康咨询服务利用与评价

利用2009年全国青年生殖健康可及性抽样调查数据,通过描述性统计对15-24岁青年生殖健康咨询服务利用状况与效果进行研究.2009年青年咨询需要率(人次比人数)为39.1%,同时超过80%的青年未报告有任何咨询需要;此外农村15-19岁男性咨询需要率与实现率(人次比人次)都高于同龄女性,但有咨询需要的比例低于女性,可见未婚青年尤其是农村15-19岁男性的生殖健康状况严峻.需要为未婚青年尤其是农村15-19岁男性青年提供一揽子咨询服务.不同咨询途径存在的问题不同,需要有针对性地提高青年生殖健康咨询服务的可及性.     

S&P Downgrade Positive for China's Stock Market in the Long Run

The Standard & Poor's(S&P) rating agency announced Friday night(August 5) that it has downgraded the U.S.debt from a stellar AAA rating by a notch to AA+,and lowered the outlook on the new U.S.credit rating to negative, indicating that another downgrade was possible within one year or two.After the downgrade,it was largely expected     

What Prompts the People＇s Bank of China to Change Its Monetary Policy Stance？ Evidence from a Discrete Choice Model

In the present paper, we model the policy stance of the People＇s Bank of China （PBC） as a latent variable, and the discrete changes in the reserve requirement ratio, policy interest rates, and the scale of open market operations are taken as signals of movement of this latent variable. We run a discrete choice regression that relates these observed indicators of policy stance to major trends of macroeconomic and financial developments, which are represented by common factors extracted from a large number of variables. The predicted value of the estimated model can then be interpreted as the implicit policy stance of the PBC. In a second step, we estimate how much of the variation in the PBC＇ s implicit stance can be explained by measures of its policy objectives on inflation, growth and financial stability. We find that deviations of CPI inflation from an implicit target and deviations of broad money growth from the announced targets, but not output gaps, figure significantly in the PBC＇s policy changes.     

人力资源管理与组织绩效的关系研究——一种基于战略人力资源管理理论模式的研究视角

本文将战略人力资源管理中关于人力资源管理与组织绩效关系的研究总结为四种不同的理论模式：通用模式认为存在普遍有效的人力资源实践活动,组织采用这些所谓的最佳实践活动就会获得高绩效;哈佛模式不仅强调具体的人力资源实践活动对组织绩效的影响,还增加了利益相关者因素和情境因素对员工行为和绩效的影响;权变模式认为人力资源管理活动应与企业战略相匹配,人力资源管理系统内的各项活动也应达到匹配;在资源模式里,主要讨论内部资源（主要是人力资源）、企业战略和组织绩效的关系,认为只有人力资源才是企业获取持久竞争优势的源泉。