Does corruption increase emerging market bond spreads?

We study the relationship between corruption and borrowing costs for governments and firms in emerging markets. Combining data on bonds traded in the global market with survey data on corruption compiled by Transparency International, we show that countries that are perceived as more corrupt must pay a higher risk premium when issuing bonds. The global bond market ascribes a significant cost to corruption: an improvement in the corruption score from the level of Lithuania to that of the Czech Republic lowers the bond spread by about one-fifth. This is true even after controlling for macroeconomic effects that are correlated with corruption. We find little evidence that investors became more sensitive to corruption in the wake of the Asian financial crisis.     

浅议我国银行监管制度的完善

银监会成立后,我国的银行监管工作进入了一个新的时期。但是由于历史的原因以及中国银行业本身的局限性,我国在银行监管方面仍面临许多问题。首先对我国银行监管制度的现状与暴露出来的问题进行较为深入地分析,进而就如何改进和加强银行监管工作,完善银行监管制度,提出了对策与建议     

Corruption and firm behavior: Evidence from African ports

This paper investigates how corruption affects firm behavior. Using an original and unusually rich dataset on bribe payments at ports matched to firm-level data, we observe how firms adapt to different types of corruption by adjusting their transport strategies. Our results suggest that firms respond to the price effects of corruption, organizing production in a way that increases or decreases demand for the public service.     

中国企业对发达国家投资与自主创新能力的实证研究

当代国际直接投资实践表明,引进外国投资很难获得先进技术,而发展对外直接投资则是获得国外先进技术的重要途径之一。本文选取中国1995～2012年对20个发达国家的对外直接投资数据,对发达国家投资与自主创新能力进行检验,运用计量模型进行实证研究。结果显示,中国企业对发达国家投资与自主创新能力之间存在着紧密和稳定的正向关系,对发达国家的直接投资对中国的自主创新能力有提升作用。此外,研究与开发投入对于企业创新有明显的正向效应,而科技活动人员数量对发明专利授权量存在负向影响。     

Sex and Shock Jocks: An Analysis of the Howard Stern and Bob & Tom Shows

SUMMARY

Studies of mass media show that sexual content has increased during the past three decades and is now commonplace. Research studies have examined the sexual content of many media, but not talk radio. A subcategory of talk radio, called “shock jock” radio, has been repeatedly accused of being indecent and sexually explicit. This study fills in this gap in the literature by presenting a short history and an exploratory content analysis of shock jock radio. The content analysis compares the sexual discussions of two radio talk shows: Infinity's Howard Stern Show and Clear Channel's Bob & Tom Show.     

Migration and Americanization: The special case of Belgian economics*

One of the distinguishing features of Belgian economics is that, from the early 1920s, so many of Belgium's best economists pursued postgraduate studies at top American universities, a case of ‘temporary’ migration. This was made possible by the fellowships granted by the Commission for Relief in Belgium, a legacy of the First World War. After a stay in the US of a few years, most returned to Belgium. However, they maintained strong links with the US. Also, they tried to recreate in Belgium the most valuable elements of their American experience. It would lead to a strong and early Americanization of Belgian economics. Moreover, they were at the forefront of several initiatives to organize economics on a European scale, such as the European Economic Review and the European Economic Association.     

山东半岛蓝色经济区新兴产业融资渠道及选择研究

本文首先对新兴产业融资渠道现状进行阐述，然后选择山东半岛蓝色经济区新兴产业上市公司的融资期限和融资结构进行分析，最后对山东半岛蓝色经济区新兴产业上市公司和山东省非新兴产业上市公司进行比较研究，发现山东半岛蓝色经济区新兴产业融资成本较低，融资结构相对合理，但其与非新兴产业相比没有显著性差异。     

独立学院非英语专业学生英语自主学习能力的培养

根据《大学英语课程教学要求》，很多高校都在实施基于计算机和课堂的英语教学模式，将课堂教学与学生的自主学习结合起来。在传统的教学中，学生对于教师的依赖很大。因此学生自主学习能力的培养需要很长一段时间，尤其是在独立学院。自主学习首先要想学，然后才能学习如何来学。因此自主学习能力的培养需要先培养学生自主学习的愿望，然后再培养其自主学习的能力。独立学院侧重于应用型人才的培养，因此在自主学习能力培养的过程中，要因人制宜，结合其专业、未来择业、个人兴趣爱好、学习特点制定不同的计划，进行有侧重的培养，以最大程度的发挥学生的特长，满足未来工作的需要。     

Corruption perceptions vs. corruption reality

This paper examines the accuracy of corruption perceptions by comparing Indonesian villagers' reported perceptions about corruption in a road-building project in their village with a more objective measure of ‘missing expenditures’ in the project. I find that villagers' reported perceptions do contain real information, and that villagers are sophisticated enough to distinguish between corruption in a particular road project and general corruption in the village. The magnitude of the reported information, however, is small, in part because officials hide corruption where it is hardest for villagers to detect. I also find that there are biases in reported perceptions. The findings illustrate the limitations of relying solely on corruption perceptions, whether in designing anti-corruption policies or in conducting empirical research on corruption.     

创意产业发展的知识产权保护

创意产业是基于个人创造力的经济部门,其产品都在知识产权法的保护范围内。知识产权保护是创意产业发展的关键环节。必须增强社会公众特别是创意产业自身的知识产权保护意识,完善创意产业知识产权制度建设,创新创意产业的知识产权服务模式。