网络公司价值评估方法的比较研究

网络的出现改变了人们生活和工作的方式,也为这个社会带来了巨大的商机。随着网络公司如雨后春笋般的出现以及网络股在市场中的表现,评估师们面临这样一个问题：如何评估网络公司的价值？网络公司作为一种新的组织形式,在运用传统的价值评估方法对网络公司进行价值评估时遇到了瓶颈。如何正确地看待网络公司的价值这一问题,亟待解决。     

火电项目融资的现金流量风险评价——基于探索图的指标体系

已有关于火电项目风险的研究基本未重点考察现金流量风险。本文从火电项目融资的角度出发,发现现金流量风险的重要性,尝试性地运用复杂科学管理系统思维的工具——探索图,为火电项目的建设期、试生产期和生产运营期分别建立风险评估指标体系,并用动态模糊评价方法确定每期和全过程的现金流量风险程度,为火电项目融资决策提供依据。     

美国财产税的估税周期与估税方法

本文首先介绍了美国财产税在美国地方财政中的重要地位及财产税的基本税制构成,进而对美国财产税的估税周期与估税方法进行了详细分析,以期为我国今后可能开征的物业税税制设计提供参考。     

中国房地产价格上涨的影响因素分析

从影响一种商品价格的需求—供给方面;成本问题的土地价格上涨、建造成本上升、开发企业融资的成本提高方面;国家拉动内需等方面分析了影响中国近期房地产价格持续高涨的一些因素。     

Detrending methods and stylized facts of business cycles in Norway – an international comparison

This paper analyses the stylized facts of business cycles in Norway, by comparing different detrending methods. As the choice of the appropriate data transformation depends on the nature of the underlying dynamic properties of the time series, a set of unit root tests are first applied to the data. The detrended data are analysed, both in the time domain and the frequency domain. The evidence suggests that whereas some variables (e.g. consumption and investment) behave consistently procyclically with GDP, for other variables (e.g. real wage and prices), the business cycle properties vary considerably with the detrending methods used. The results are evaluated from a real business cycle perspective, but overall, there is little evidence to support a (supply driven) real business cycle. Symmetries in business cycles are finally analysed by comparing the business cycles in Norway and selected countries. First version received: April 1997 / Final version received: November 1999     

山西省房地产业可持续发展动态评价模型研究——基于动态灰色评价模型

本文从房地产业与经济、社会、环境、资源的关系出发,给出了房地产业可持续发展的系统结构图,分析了房地产业整个产业链中各环节的可持续发展评价指标。在科学性、系统性、空间和时间协调统一的原则下,以山西省房地产业为研究对象,设计了山西省房地产业可持续发展评价指标体系,并利用动态灰色评价模型对山西省房地产业的可持续发展进行了评价。     

基于企业真实项目的高职物流管理专业校内生产性实训基地运行实践与探索——以广州科技贸易职业学院为例

指出了现有校内生产性实训基地的不足,阐述了广州科技贸易职业学院物流管理专业校内生产性实训基地的建设模式,介绍了实训基地的运行情况,分析了实训基地的运行成效,给出了今后努力的方向,对物流管理专业校内生产性实训基地进行了有益的实践与探索。     

How to deal with real estate booms: Lessons from country experiences

The financial crisis showed, once again, that neglecting real estate booms can have disastrous consequences. In this paper, we spell out the circumstances under which a more active policy agenda on this front would be justified. Then, we offer insights on the pros and cons as well as implementation challenges of various policy tools that can be used to contain the damage to the financial system and the economy from real estate boom–bust episodes. These insights derive from econometric analysis, when possible, and case studies of country experiences. Broadly, booms financed through credit and involving leverage are more likely to warrant a policy response. In that context, macroprudential measures can be targeted more precisely to specific sources of risk, but they may prove ineffective because of circumvention. In that case, monetary policy may have to be used to lean against the wind.     

基于投资消费模型的购房者行为分析

在生命周期投资消费模型中首次考虑了投资者二套房投资。利用动态规划原理,在特殊的两期情况下进一步假设投资者的投资需求具有层次性,给出投资者首次购房决策的一种简便方法。另外,还对近年来住宅市场快速增长的内在动力进行了探讨。     

Asymmetric effects of housing wealth on college enrolment

We investigate the impact of housing wealth, credit availability and financial distress on college enrolment decisions. We find that housing wealth is negatively related to enrolment in public schools and positively related to enrolment in private schools. This evidence suggests that, on average, students substituted away from private schools towards public institutions during the recent financial crisis.