Consequences of the halloween nightmare: analysis of investorsõ response to an overnight tax legislation change in the canadian income trust sector

On October 31, 2006, the Canadian federal government announced increased taxation of income trusts, beginning in 2011. Using discounted cash flow analysis, we investigated timing of the market adjustment. Energy, utility, and business trust prices dropped by predicted amounts, indicating a rational market response. Following the announcement, however, affected sectors reacted differently: Energy and utility trusts were more likely to merge within their sectors while business trusts became private equity targets. The income trust case is a classic example of a natural event, and our results underscore the efficiency of Canadian capital markets. Copyright © 2010 ASAC. Published by John Wiley & Sons, Ltd.     

科技发展促进思维方式变革

科技发展引发主体思维方式变革,同时科技负载引起思维主体反思,引发旧的思维方式嬗变.三次科技革命促进了思维方式变革,其间经历了宗教神学思维方式、机械论思维方式、相对论和量子力学为理论基础的思维方式.基于此,思维主体辩证地对待科技发展,理性地运用思维方式,促进人类健康持续发展.     

我国计算机审计研究的变迁：基于文献综述

当前我国的计算机审计研究已进入发展平台期。在计算机审计研究的发展过程中,计算机审计的定义经历了不断的本土化改造,研究的热点内容经历了＂V＂字形的变迁,始终被关注的重要问题是理论体系、核心动力和制约因素,研究者的心态逐渐趋于自信与理性。要突破当前的瓶颈,需要根据我国的实际与实践经验,加强基础理论研究,对国外理论进行扬弃,才能建立起具有中国特色的计算机审计理论体系。     

改革开放以来中国社会意识形态若干问题的国外研究述评

当前,一些国家加大对中国改革开放以来现实问题研究的力度,达成从多学科、用横向和交叉等研究方式来研究中国现实问题的共识,不断拓展研究视野,尤其对中国意识形态领域的若干问题进行了深入研究。本文总结和梳理了近年来国外关于中国社会意识流变的研究成果,并对国外关于中国主流意识形态建设的相关研究进行评析与鉴别,以期为巩固和加强党的意识形态建设提供理论依据。     

再生资源价格动态的R／S分析

本文采用R／S方法分析了我国主要市场上再生资源价格的动态，实证结论表明我国的主要再生资源价格存在状态的持续性，价格时间序列呈现比随机游走更多的均值回归性。其原因在于再生资源价格与原生资源互为替代品，并且再生资源时使用攀量大的产品，生产能很快适应需求的改变，该结论隐含一定的政策意义。     

How fast has Chinese industry grown? – The upward bias hypothesis revisited

This study addresses two potential problems when single-benchmark price weights are applied to commodity indicators to assess the official estimates of China’s industrial growth, i.e., the substitution bias and the constant value-added ratio given by a fixed input–output table. It introduces the 2002 and 2007 input–output tables and price weights in order to capture changes in a more market-based pricing and more liberal policy environment following China’s WTO entry. My new findings have not only lent a further and stronger support to the upward-bias hypothesis but also confirmed the Maddison–Wu conjecture (2008) that official estimates tend to smooth out high-growth volatility. By the alternative index, the impact of external shocks to Chinese industry appears to be more pronounced than the official index.     

Devising futures for universities in a multi-level structure: A methodological experiment

Universities have traditionally been key players in producing and validating new scientific knowledge, but other actors have also become major research performers. Meanwhile, the notion of research has been extended considerably, and the environment of universities is also undergoing fundamental changes. Thus, it is timely to consider alternative futures for them, to be better prepared for their new roles. A review of recent works on the future of higher education shows that the starting point in these exercises is either an existing or an abstract university. This approach has three major shortcomings: (i) the broader socio-economic systems, in which universities operate, are not addressed in these analyses, and thus neither the potential changes in these broader settings, nor their impacts on higher education can be explored; (ii) the huge diversity of higher education systems and individual universities cannot be reflected; (iii) the role of other research actors, and more importantly, the links among universities and those other research players are often disregarded.

This article offers an alternative approach, using the case of EU universities as an example, to rectify these shortcomings. A set of ‘cascading’ visions are devised to demonstrate the close links between three levels. First, alternative futures are developed for the EU by considering (i) the overall rationale of EU policies; and (ii) the standing of the EU vis-à-vis the Triad. Second, the different directions are identified, in which the European Research and Innovation Area can evolve. Third, skipping the national level, futures are built for the universities themselves, focussing on their research activities.

The modest intention of the futures presented in this paper is to demonstrate how to use the proposed new approach, and initiate meaningful and lively dialogues among stakeholders. Their diverse accumulated knowledge and experience, as well as distinct viewpoints are indispensable for building policy-relevant visions. The proposed three-level structure of futures – or ‘cascading’ visions – offers several advantages for policy-makers at various levels, the stakeholders of universities, as well as academics interested in prospective analysis of innovation systems.     

The SLCP-driven land use changes and farmers＇ responses in the loess hilly and gully region： a case study for Ansai County

Taking Ansai County located in loess hilly and gully area as a case, this study analyzes the land use changes driven by the SLCP （Slope Land Conversion Program） and the farmers＇ responses by household survey and participatory rapid appraisal （PRA）. It is found that the SLCP aroused various changes in land use, agricultural production, rural incomes, etc. In the period of 1999-2005, the farmland and grasslands were reduced by 26,809 ha and 17,571 ha respectively, while forestland increased by 38,203 ha; greenhouse vegetable and orchard got a quick development, with the area enlarged by about 7 times and nearly doubled respectively. The SLCP reduced the area of crops particularly those that normally grown on slope lands, e.g. the sowing area of winter wheat ped from 19.39% of the total cropping area in 1999 to 0.98% in 2005. Draught animals, pigs and sheep have a decline in the number because the remained land and the ban on grazing on natural grasslands can not provide sufficient feed forage. Thanks to the financial subsidy, farmers increased land inputs and thus outputs. To achieve long-term sustainable development and improve rural income, the government should continuously support farmers to improve the land management, to adopt alternative land use systems, and to increase inputs on soil conservation. Vegetable and fruit production are two promise land use systems, and should be further developed.     

From Medics to Managers: The Ascent of the Entrepreneur

Where one stands to engage with the world is not as some New Age Psychologists continue to argue, completely free and self-determined. Rather, it is formed largely beyond one’s control and is fraught with both dangers and opportunities. This pre-determined point of view is referred to as the Assumptive World (Parkes, 1975). This is defined as a “strongly held set of assumptions about the world and the self that is confidently maintained and used as a means of recognizing, planning and acting…Assumptions such as these are learned and confirmed by the experience of many years” (Parkes, 1975, p. 132). There are, further, levels and intensities of assumptions, as refined by Janoff-Bulman, R. (1992). These assumptions form the centre point of our world and our consciousness. They are so much a part of us that we tend not to challenge them. Though unchallenged, these assumptions nevertheless drive our behaviors, set our expectations, and operationalize our moral views.     

农村社会保障体制的新制度经济学分析

建立农村社会保障体制是构建和谐社会,统筹城乡经济发展的重要一环,是实现农村稳定的重要保证,是建设全面小康社会的需要。经济体制决定并制约社会保障体制的建设,本文运用新制度经济学原理,探讨了目前农村社会保障制度发展完善的动力,存在的制度缺陷,并提出了完善农村社会保障体制的制度措施。