我国房地产宏观金融风险研究

本文通过对房地产业中资金循环的三个环节以及影响房地产金融风险的宏观经济因素和制度因素的分析,研究了存在于我国房地产业中的宏观金融风险.通过与国际经验的比较,发现存在于我国房地产业中的宏观金融风险主要集中在开发企业环节,但是仍处于比较合理的范围内;宏观经济的繁荣带动了房地产业的本轮上升;制度因素对房地产宏观金融风险影响较大.从供给和需求两个层面的分析发现,存在着对房地产业金融风险的误读,对此需要进行客观评价.最后提出了从制度建设方面防范房地产宏观金融风险的建议.     

住房抵押贷款提前偿付率的宏观影响因素分析

本文从宏观视角,运用多元线性回归模型和半参数模型等对我国个人住房抵押贷款组合提前偿付率的影响因素及其作用机制进行了实证研究。研究发现货币市场中长期贷款利率的提高,会增加借款人再融资成本,从而降低提前偿付率;资本市场作为借款人的收入来源之一与提前偿付率之间存在正相关关系;家庭人均净收入与提前偿付率的关系是非线性的;此外,与国外研究一致,房价和累计提前偿付额也会影响提前偿付率。     

基于货币因素的我国大宗商品价格波动影响机理——铜市场实证

基于长期与短期两个视角,采用2001~2013年的月度数据,通过构建协整检验、广义脉冲响应函数及方差分解等方法,考察了主要货币因素：货币供应量与利率对我国期铜价格的动态影响,结果表明：货币供应量、利率与期铜价格之间存在长期均衡关系;在短期内,货币供应量对期铜价格具有正向影响,而利率对期铜价格的影响总体为负,且利率的影响作用相对较大。     

江苏省对外直接投资区位选择的影响因素研究

在企业开展对外直接投资(ODI)过程中,合理选择投资区位是关键问题,关系到对外投资活动是否成功。目前基于这方面的研究大多基于国家层面,而本文以江苏为研究对象,通过对江苏ODI区位选择的现状进行分析,发现江苏ODI区位选择存在的问题,运用实证分析的方法研究各因素对江苏ODI区位选择的影响,并提出优化江苏ODI区位选择的对策,为江苏省ODI的发展提供理论借鉴。     

Introduction: human resource management in Africa

This article introduces the special issue that seeks to spur the debate on the challenges of managing people in organizations in Africa. The debate on HRM in Africa has proceeded with tentative steps and now clearly needs to be located firmly within the international management context. It is not the purpose of this special issue to discover or develop an over-arching model of HRM. That has been attempted elsewhere. Our purpose is to bring together the various threads that characterize the on-going debate and hopefully move towards a more specific research agenda which captures the complexity of managing on the African continent. Some of these threads include the formulation of new perspectives on HR research, finding common ground with diverse disciplines and tackling enduring problems like ethnicity and discrimination.     

经济全球化的中国金融安全的思考

金融安全是经济安全的重要组成部分,经济安全又是国家安全的重要组成部分,研究金融安全对维护一国国家安全具有重要的战略意义。本文将就金融业开放的发展趋势及其对金融安全的影响进行分析,特别指出随着2007年金融服务市场的全面开放对我国金融业的影响以及我国处于经济转轨时期所特有的主要金融风险,并提出了一些政策建议。     

中国股票市场的三因子时变风险溢价模型研究

Fam和French(1993)提出的三因子模型,已经被国外很多学者证明能较好的解释股票的收益率差异.本文正是在其理论基础上,采用了类似的验证方法来检验中国的股票市场是否能用三因子模型解释,结果发现在大部分行业,它也同样能适用于中国的股票市场.     

国际货币体系改革——金融危机后的思考

美国次贷危机引发的全球金融危机,使现行国际货币体系—牙买加体系的缺陷进一步暴露出来:美元本位制放纵了美国的过度消费,国际资本流动缺乏监管以及不稳定的汇率体系加剧了危机蔓延。虽然对国际货币体系的改革面临美元霸权、改革成本高等方面的阻碍,但改革现行的IMF以及扩展国际救助范围,加强金融监管力度已然成为改革方向。     

Flexible work practices and human resource management: a comparison of South African and foreign owned companies

This study compares the use of flexible work practices in wholly owned South African (SA) companies with that in foreign-owned companies. Data were obtained from questionnaire results of a study conducted by Horwitz and Franklin (1996) of flexible work practices in SA organizations. The questionnaire was used as part of a collaborative research project involving three countries (Brosnan et al ., 1996). It was found that SA-owned companies use certain flexible work practices to a lesser extent than foreign-owned companies. This was found to be the case particularly in the use of numerical forms of flexibility, such as sub-contractors/consultants and the use of temporary employees. Use of subcontractors/consultants and temporary staff agencies was found to be the greatest in partially foreign-owned companies. A larger proportion of foreign-owned companies have lower labour costs than do SA-owned companies. This has, however, not been as a result of the greater use of flexible work practices. Foreign-owned companies make more joint decisions with unions than do SA-owned companies when changing work practices.     

The effects of influence strategies on dealer satisfaction and performance in Taiwan's motor industry

The studies of influence strategies in channel relationships have focused on western, individualistic countries. This study seeks to extend the empirical findings in Taiwan's motor industry to elucidate differences among diverse context. The results reveal that the promise strategy must be separated from coercive strategies and the request strategy must be separated from noncoercive strategies under the context of Taiwan's motor industry. Moreover, discrimination between economic and social satisfaction helps relationships between influence strategies and satisfaction and the effects of satisfaction on performance to be understood. The dealer's satisfaction is positively related to his performance, and social satisfaction is more important than economic satisfaction.