贝恩资本的印钞机

贝恩资本醉翁之意不在酒，它真正看好的是3COM同华为在中国的合资公司以及在中国市场上强劲的盈利能力。     

Access to Institutional Finance and the Use of Trade Credit

I develop a conceptual framework for analyzing the effect of the availability of institutional loans on firms' demand for supplier (trade) finance. I test for the existence of credit constraints and their effect on corporate financing policies. My empirical results support the hypothesis that trade credit is taken up by firms as a substitute for institutional finance at the margin when they are credit constrained. Further, in line with studies on the credit channel of monetary policy transmission, I find an increased reliance on trade credit by financially constrained firms during periods of tight money.     

偏爱主流之外的敏感问题：陈志武诊断中国金融市场

陈志武认为，在全球化进程中金融的相互渗透是走在最前列的，中国的金融市场可塑的空间很大，需要改进之处也很多，发现并参透独特的问题，是学者不可推卸的责任。     

What influences continuous employee development decisions?

Organizational changes have created a need for adaptable pre-trained workers and for employees to have more “protean” career paths and be involved in self-directed ongoing development [Hall & Mirvis, 1995. The new career contract: Developing the whole person at midlife and beyond. Journal of Vocational Behavior, 47(3), 269–289]. To help understand the processes involved in this development, a model of continuous employee development is proposed. This model integrates prior work from career development, training, and education literatures and builds on it by proposing factors that affect the occurrence of future development. Research supporting the model is reviewed and specific testable propositions derived from the variables in the model are given. Recommendations for scale usage in testing the model are also provided. Finally, the novel contributions of the model are highlighted, the practical implications of the model for organizations are outlined, and the role of the education system in these processes is discussed.     

Financial strategy: Planning and managing the corporate leverage position

Among the important elements of a company's strategic plan is its decision about the degree of financial leverage it elects to imbed in its capital structure. A simple operational framework that can assist in framing that decision, which concentrates on the likelihood of being unable to meet fixed financial charges, is presented. The model is tested empirically, and support for its potential usefulness in the financial planning process is found.     

Sexual Orientation,Sexual History,and Inequality in the United States

Much of the literature on sexual orientation discrimination reports earnings differentials for gay, lesbian, and bisexual individuals when compared with heterosexuals. The General Social Survey (GSS) has previously been used due to its extensive coverage of demographic variables and sexual behavior in the United States. This study uses updated GSS data to investigate whether the income differentials found in earlier work have persisted and how estimates based on categorizing respondents according to the reported sex of their sex partners compare to estimates based on the respondents’ self-reported sexual orientation. Results for the years 2008–14 indicate that self-identification as an LGB individual and/or same-sex sexual behavior are correlated with a lower income; however, not all the results are statistically significant. In addition, there is a statistically significant negative income differential of 32 percent for men who report having had a same-sex partner at some point, but identify as straight/heterosexual.     

Are people emotionally aroused by hypothetical medical scenarios in experiments? An eye tracking study with pupil dilation

Background: Many studies on the communication of medical risks use hypothetical medical scenarios. The results of these scenarios should have sufficient predictive accuracy to be generalized to real life; thus, it is important to know whether hypothetical medical scenarios work and whether there is a relationship between risk level and emotional arousal. Methods: In an eye tracking experiment (N = 67), we investigated the influence of a simple hypothetical medical scenario on pupil dilation, a measure of emotional arousal. In this medical scenario, the participants were shown three risk levels (low, middle, and high) and had to estimate the probability that a hypothetical patient has colon cancer. They were also given a non-medical scenario that controlled for changes in illumination and cognitive workload. Therefore, we supposed that the difference in pupil diameter between the medical and the non-medical scenario was due to emotional arousal. Results: We found that our hypothetical medical scenario had a significant effect on pupil diameter. The mean values of the mean pupil diameter in the first fifth of the fixations were higher for all risk levels in the medical scenario than in the non-medical scenario. In a more detailed analysis of the difference in pupil diameters between the two scenarios, we detected that, for the high-risk level, the emotional difference values (between the medical and non-medical scenarios) differed significantly from zero. Furthermore, we found that higher risk levels lead to higher emotional arousal and higher probability estimates. Conclusions: Even simple hypothetical medical scenarios cause emotional arousal. Thus, hypothetical medical scenarios work, and the results of studies not using real patients can be generalized to real medical situations.