PERFORMANCE‐BASED FEE CONTRACT AND RISK‐TAKING STRATEGY IN ASSET MANAGEMENT TOURNAMENT

This paper investigates how performance‐based fee (PBF) contracts affect strategic risk‐taking behaviours of fund managers in an asset management tournament. In the perfect equilibrium, managers with better mid‐year performance will hold the risky asset with a higher probability in the remaining of the year, compared to managers with poorer mid‐year performance. If the volume of the cash flow into the winner fund is contingent on its level of success, the winning fund will take a more aggressive approach. When the PBF contract pays more heed to relative performance against the benchmark, managers are more likely to adopt aggressive strategies.     

我国服装企业库存问题刍议

文中针对服装企业特点,分析了服装库存利弊和库存问题产生的原因,提出了解决我国服装企业库存问题的对策和建议。     

From Socialist Subject to Capitalist Object: Industry Enclave Life Past and Present in Wuhan

There is no better place to explore the relationship of industry enclaves to urban life than China, where traditional danweis (work units) have coexisted with new foreign direct investment enclaves. Here we draw on original interviews with workers at Wuhan Iron and Steel Company (WISCO) and Foxconn in the city of Wuhan to examine industry enclaves old and new in terms of their spatial arrangement, work, institutions, and social life and identity. The article is one of the first to integrate urban and economic geographical perspectives on the subject of enclaves. It provides evidence of similarities and contrasts in the spatial arrangement of work, institutions, life and identity centred on industry enclaves old and new. These contrasts reflect wider relations between the state and the market and between social subject and commodified labour in China. In conclusion, we identify several research directions concerning the scale, diversity and reach of urban enclavism in China and beyond.     

略论儒道释核心价值观及其生态伦理思想

忠恕是儒家的核心价值观,也是做人做事的根本法则。清净是道家的核心思想,也是产生大德大智,谋求人与自然和谐的核心理念。慈悲是佛教大乘之根本,也是超越自我,提升境界,追求众生平等,给乐拔苦的不二法门。儒道释诸教的核心思想可以相互印证,并生成大智大慧。在生态危机严峻的今天,要谋求人与自然的和谐,追求幸福祥和的生活,需要挖掘儒道释的智慧,构建生态伦理,才能促进自然界的和谐与持续,建设人类与众生真诚、平等、幸福、祥和、持续的地球家园。     

基于信息一体化的仓储物流系统网上平台设计和实现

在分析仓储物流系统重要性的基础上,阐述了基于信息一体化的仓储物流系统网上平台的内涵与特点,论述了基于信息一体化的仓储物流系统网上平台的设计理念与功能;最后给出信息一体化仓储物流系统网上平台的系统管理模块及用户操作模块的实现形式.     

浅谈沥青在路面运用中常见问题的治理

本文针对沥青在路面运用中常见的问题进行了论述。     

论物流业刑事犯罪及法律规制

目前,有关物流行业的法律制度、管理制度的不健全和诸多漏洞,使得物流业刑事犯罪率逐年上升。研讨了物流业犯罪种类,分析犯罪成因,指出强化法治管理,有效遏制物流业刑事犯罪的建议,势必进一步推动物流业健康有序发展。     

加强高校的国防教育是培养高素质人才的必然要求

国防是国家生存发展的安全保障,高校是培养高素质人才的重要基地,国防教育是素质教育的重要内容,国防素质是高素质人才应有的素质,加强高校国防教育是培养高素质人才的必然要求。     

英汉词汇语义不等值现象及其对英语教学的启示

词汇在不同的语言文化背景下有着不同的内涵。本文从分析英汉词语的不等值现象着手,探讨了由于地理环境、风俗习惯、宗教信仰、社会经济制度差异造成的英汉词汇空缺,并阐述了英汉词汇语义不等值现象对英语教学的启示。     

园镇融合刍议

随着经济的发展和技术的进步，园区经济有了很大的发展，由原来的一镇多园逐步发展成为一镇一园乃至一园多镇。在园区经济冲破行政区域的界限的过程中，如何做到园镇互动是值得探讨的问题。本文通过对园区经济的发展以及其扩张中园镇矛盾的分析，提出了园镇融合的概念，并对园镇融合的内涵进行界定。