多渠道实现高校融资规模效益研究

1999年我国高校开始扩招以来，高校为了实现规模的扩大开始大量举债。极度扩张之后，高校贷款后遗症随后出现，经费有限，贷款期限短，无法短期还贷，光靠扩张规模已经不符合新时期高等教育发展的要求。要转变高校发展理念，重人才培养而不是重规模。实现适度融资规模效应，以往依靠商业银行贷款的方式则要转向政府、高校、社会三方的共同努力得以实现。     

The value relevance of top executive departures: Evidence from the Netherlands

On theoretical grounds, monitoring of top executives by the (supervisory) board is expected to be value relevant. The empirical evidence is ambiguous and we analyze three non-competing explanations for this ambiguity: (i) The positive effect on firm value of board monitoring is hidden in stock price effects due to the simultaneous occurrence of the positive real effect of monitoring and the opposing information effect. (ii) The combination of board monitoring and monitoring by other parties prevents assessing the value relevance of board monitoring in isolation. (iii) The confounding effect of a simultaneous successor appointment typically generates an upward biased estimate. Based on an analysis of price effects and trading volumes at announcement, we conclude that monitoring by the supervisory board is valued by investors: Forced departures of executive directors, also without a successor appointment, are value relevant in the Netherlands where external control mechanisms and shareholder control were virtually absent in the period studied (1991–2000).     

如何提高社会主义意识形态的认同力

中国的社会主义道路在走过六十年历程后,我们的社会主义意识形态面临着信息化、全球化和市场化带来的挑战。对此我们的社会主义意识形态要以实践性为理念,提高人民群众的认同力。首先要实事求是,关注国情;其次要以人为本,团结人民,凝聚力量;最后在舆论宣传方面要疏导互动,形成稳定的社会心理认同。     

上海市外来务工人员的归化管理:反思与建议

大量的外来务工人员进入对上海市的城市管理体制提出了挑战,应重新定位政府的归化管理思想,多管齐下,和谐归化,构建统一的户籍身份制度,多方位促进群体间沟通与理解,同步增强市民与流动人口的现代意识,致力于建立一套新型的回应人口广泛流动的社会服务与社会管理相结合的吸纳体系.     

Second‐Generation Immigrants in the Swedish Labour Market

This study focuses on the labour market performance among second‐generation immigrants in Sweden. One motivation behind the analysis is that it gives insight into the long‐term consequences of immigration. Labour market performance relates the probability of having a job, referred to here as a threshold effect and to the differences in income from work, given that a person is in the market and is referred to as an income from work effect. We have shown that a clear threshold effect of being a second‐generation immigrant exists and that different groups of second‐generation immigrants perform differently in the Swedish labour market.     

借鉴资本主义的理论渊源探析

本文简要论述了马克思恩格斯、列宁、毛泽东和邓小平从各自的时代特征出发,密切结合本国的国情和具体的实践,论述了社会主义应该借鉴资本主义的思想。     

基于效率的文化软实力研究:国外经验及借鉴

胡锦涛同志在党的十七大报告中提出了“文化软实力”这一概念，并指出：要坚持社会主义先进文化前进方向，兴起社会主义文化建设新高潮，激发全民族文化创造活力，提高国家文化软实力。可见，提升文化软实力已经成为新的国家战略，对激发民族凝聚力和创造力、增强综合国力有举足轻重的意义。本文在借鉴国外经验的基础上，探讨了基于效率的提升中国文化软实力的路径，包括发展文化产业、实施文化走出去战略、转变政府职能、激发文化创造活力等。     

MODELING LIQUIDITY EFFECTS IN DISCRETE TIME

We study optimal portfolio choices for an agent with the aim of maximizing utility from terminal wealth within a market with liquidity costs. Under some mild conditions, we show the existence of optimal portfolios and that the marginal utility of the optimal terminal wealth serves as a change of measure to turn the marginal price process of the optimal strategy into a martingale. Finally, we illustrate our results numerically in a Cox–Ross–Rubinstein binomial model with liquidity costs and find the reservation ask prices for simple European put options.     

Ownership concentration and corporate governance practices: substitution or expropriation effects?

The objective of this study is to analyze the relation between ownership concentration and corporate governance practices of a group of Canadian companies listed on the Toronto Stock Exchange. We rely on the corporate governance index developed by the Report on Business (ROB) in 2002. Our empirical results are consistent with the expropriation effect argument that predicts a negative relation between deviation from the one share‐one vote rule and corporate governance best practices. In this context, the dominant shareholder has incentives to maintain weak internal controls in order to facilitate expropriation. In addition, consistent with prior research, our results give partial support to the substitution effect argument by showing a negative impact of ownership concentration on the board composition subindex. Copyright © 2007 ASAC. Published by John Wiley & Sons, Ltd.     

When trade hurts: Consumption indivisibilities and labor market distortions

We present a simple model where complementarities between wages and demand due to factor market distortions can make a transition economy worse off from trade. Prior to trade, a virtuous circle prevails: high wages in industry support a high demand for indivisible industrial goods, which in turn supports high wages. However, factor market distortions in the transition economy create a comparative disadvantage in industry. Opening up to trade results in the import of indivisibles and a fall in manufacturing wages, breaking this virtuous circle. Consequently, trade liberalization without structural reform can have serious adverse effects in a transition economy.