Equity market neutral hedge funds and the stock market: an application of score-driven copula models

In this article, we study the time-varying market neutrality of equity market neutral hedge funds. We use data from the Hedge Fund Research? Equity Market Neutral Index (HFRX EH), which represents the performance of a portfolio of individual equity market neutral hedge funds. For each day, we measure different levels of association of the Standard and Poor’s 500 (S&;P 500) index and the HFRX EH. We use non-linear dynamic conditional score models of location, scale and copula that, to the best of our knowledge, have not yet been applied in the body of literature on hedge funds. We study whether the neutrality of the HFRX EH that is evidenced in the body of literature for the period of April 1993–April 2003 also holds for the following decade, for the period of May 2003–December 2016. We estimate different average levels of association for the pre-, during- and post-periods of the US financial crisis of 2008. We find that the association of the S&;P 500 and the HFRX EH, on average, is significantly positive for the pre- and post-periods of the financial crisis, and it is significantly negative for the period during the financial crisis.     

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.     

Tracking Can Be More Equitable Than Mixing

Parents and policy‐makers often wonder whether and how the choice of a tracked or mixed educational system affects the equality of opportunity. I answer this question by analyzing the influence of peers on future educational results. I define an equal opportunity policy as one that maximizes the average lifetime income of the worst‐off type of individuals in society (i.e., students from disadvantaged backgrounds). I find that tracking maximizes average lifetime income if the opportunity cost of college attendance is sufficiently high.     

高校安全管理与大学生安全教育

高校安全管理面临形势复杂但又意义重大。要做好高校尤其是学生群体的安全管理,必须以预防为主,加强大学生安全教育,增强大学生安全防范意识,提高大学生自我保护能力。高校要以校园安全管理体制建设为出发点、以思想政治教育为切入点、以多层次多样化的活动为载体进一步加强大学生安全教育。安全管理部门应以"系列化、品牌化","点线面、多层次","良性互动、和谐发展"的思路策划组织安全教育活动,提高大学生安全教育的实效。     

激发高职学生英语学习兴趣之探索——英语课堂教学心得

本文针对高职学生英语基础薄弱,对英语的学习缺乏兴趣、学习积极性不高这一现状,经过几年实践教学,总结出一些心得,旨在激发学生学习英语的兴趣,提高学习的积极性。     

授之以渔,终身得鱼——浅谈大学英语阅读中的元认知教学

在大学英语教学中,阅读理解一直是一块难啃的＂骨头＂,老师不知道如何教,学生更不知道如何学,整个教学极易处于一种无意识的茫然状态。因此,掌握有效的阅读策略在英语阅读教学中举足轻重。元认知策略作为一种重要的阅读策略,如果使用适当,可以有效地解决英语阅读教学的瓶颈问题,有助于提高学生的自主阅读能力,培养迎合时代要求的自主学习者。     

基于计算机网络的大学英语教学改革研究——以中南林业科技大学为例

为了提高大学英语教学质量,中国高校正在全面推进和实践大学英语教学改革。中南林业科技大学作为全国首批31所大学英语教学改革示范点项目学校之一,实施了基于计算机网络与课堂教学的教学改革,并取得较好的成效,在同层次、同地区、同类型的高校中发挥了先锋示范作用。实践表明：深化大学英语教学改革,应科学处理好制约大学英语教学的6大重要关系。     

高职院校人才培养亟待加强审美教育

2006年,我国高等教育规模已跃居世界第一,其中,高职教育占据了半壁江山.高职人才培养水平的高低,会直接影响我国高等教育的质量和竞争力.高职院校人才培养中"重视技能、虚化人文素养"的倾向,将直接影响人才培养的质量.高职院校的人才培养只有"技能"是远远不够的,还必须加强"人文素养"的培养.而加强人文素养培养的关键着力点和基本途径就是审美教育.     

试论大学生党员在和谐校园建设中的作用

建设和谐校园是构建社会主义和谐社会的必然要求。大学生党员作为高校学生群体中的先进分子,是推进和谐校园建设的重要力量。必须要充分发挥大学生党员在和谐校园建设中的重要作用。     

对我校一二年级学生词汇状况的调查

学生词汇状况很大程度上决定其语言水平的高低,对于选择正确的教学方法和合适的教材具有重要意义。本次词汇调查以一、二年级学生为对象,调查内容涉及词汇的形、音、义及其准确使用的程度,旨在了解学生掌握词汇的实际情况,改进教学方法。