Measuring fund style,performance and activity: a new style‐profiling approach

We construct new measures of fund style, performance and activity from linear combinations of off‐the‐shelf stock‐market indices. A fund's benchmark portfolio is a linear combination of two or more reference portfolios that in a least‐squares sense most closely approximates the fund's portfolio. The resulting linear combination scalar is itself a measure of fund style and the distance between a fund and its benchmark is a measure of fund activity. Our approach has a number of advantages over existing characteristic‐matching methods. We illustrate our approach using a data set of US institutional funds.     

借鉴美国经验实施对中国服务贸易的开放式保护

中国加入WTO后,时服务业的开放做出了实质性承诺,但在服务业的开放和服务贸易发展进程中,运用合理的服务贸易保护措施,培育服务业的国际竞争力,亦成为我国在服务贸易自由化趋势下的长期任务和对策。中国服务业开放应坚持适度保护和逐步开放原则,此原则体现为开放式保护主义的形式。鉴于中国政府的促进行为还不完善,因此有必要借鉴发达国家的开放式保护经验。     

基于SWOT分析的化学品安全检测实验室认可战略研究

针对化学品安全检测实验室认可发展,运用SWOT分析认可制度和市场优势和机会,以及面临竞争和制度体系等劣势和威胁,提出化学品安全检测实验室与国际接轨认可发展的需求。     

Effectiveness of Indecent Language in Advertising on Young Adult Consumer Attitudes and Purchase Intent

This study applies both the Dual Mediation Hypothesis and Schema Congruity Theory to examine the effectiveness of mild controversial advertising executions on young adult consumer cognitions, affect, and behavior. Findings from this study suggest that advertisements featuring mild indecent language result in more positive advertisement attitudes, brand attitudes, and purchase intentions than when decent language is used. Young adult consumers also report more positive advertisement and brand attitudes, and a greater likelihood of purchase when they perceive the advertisement to be congruent with their existing schema, regardless of whether the execution is mildly controversial or noncontroversial in nature. The findings of this study are important to advertisers in the development of effective creative execution techniques.     

居民家庭服务消费的特征、制约因素与发展趋势分析

改革开放20多年来,中国经济持续的高速增长,使居民收入水平不断提高,并由此带来了居民消费结构的深刻变化。如今城市居民消费构成中服务消费所占的比例已经超过了37%,一些大城市中这一比例可能会更高。为此,研究居民服务消费的特征和发展趋势,对于促进相关服务业的发展,提升产业结构,以及促进就业都有着重要的意义。     

如何加强高校辅导员在学风建设中的主导作用

学风是高校教育教学质量的重要体现,关系到学校培养人才的质量,关系到学校的社会声誉和生存发展。学风建设是高校一项常抓不懈的工作,积极发挥好高校辅导员在学风建设中的主导作用,将进一步提升高校学风建设的工作水平。     

新型农村社区治理创新研究——业缘组织与地缘组织协同的视角

由于税费制度改革、新型社区建设等原因,农村社会治理基础发生了改变,需要进行体制机制创新。农民合作社等业缘组织的兴起,具备了成为农村社会治理主体的条件。农村新型社区应塑造业缘组织与地缘组织协同的治理结构,构建科学的决策机制、监督制衡机制和激励机制。     

论高职院校思政教师的教学底气与社会实践

高职院校思想政治理论课教师的"教学底气"十足与否,关系到能否充分发挥思政课在高职院校大学生思想政治教育中的主渠道和主阵地作用,关系到能否实现中国特色社会主义高等职业教育人才培养的思想政治目标,关系到能否育成为实现中华民族伟大复兴"中国梦"而奋斗接力、忠诚效力的职业生力军。高职院校思政课教师教学的十足底气离不开社会实践,只有通过社会实践思政课教学才能接地气,思政课教师才能做到论实结合、以实证论地讲真、讲实,思政课教师教学才能有底气,有了底气的思政课教学才对高职院校的大学生产生说服力、吸引力、感召力,突显思想政治理论育人塑魂的重要作用。     

石油套管漏磁检测标准影响因素研究

简要介绍石油套管缺陷形式及缺陷检测方法,着重阐述石油套管漏磁检测的原理及石油套管漏磁检测标准,分析自动漏磁检测设备影响因素及应对措施,展望石油套管漏磁检测的应用前景。     

A transform approach to compute prices and Greeks of barrier options driven by a class of Lévy processes

In this paper we propose a transform method to compute the prices and Greeks of barrier options driven by a class of Lévy processes. We derive analytical expressions for the Laplace transforms in time of the prices and sensitivities of single barrier options in an exponential Lévy model with hyper-exponential jumps. Inversion of these single Laplace transforms yields rapid, accurate results. These results are employed to construct an approximation of the prices and sensitivities of barrier options in exponential generalized hyper-exponential Lévy models. The latter class includes many of the Lévy models employed in quantitative finance such as the variance gamma (VG), KoBoL, generalized hyperbolic, and the normal inverse Gaussian (NIG) models. Convergence of the approximating prices and sensitivities is proved. To provide a numerical illustration, this transform approach is compared with Monte Carlo simulation in cases where the driving process is a VG and a NIG Lévy process. Parameters are calibrated to Stoxx50E call options.