Control of intellectual assets in client relationships: implications for innovation

This empirical study of business‐to‐business service firms examines the determinants and effects of control rights to intellectual assets in a property rights theoretic framework. Regression analyses using survey data suggest that service suppliers that retain control over their intellectual output are more innovative. In long‐term relationships, service firms' clients may thus be better off balancing their need to control outsourced activities with the suppliers' incentives to invest in learning and innovation. Additionally, and aligned with property rights theoretic predictions, service suppliers' bargaining power and their indispensability in service projects are positively associated with their ability to retain control rights. In contrast, innovation capabilities are not very significant in determining control rights allocation between service suppliers and their clients. Copyright © 2008 John Wiley & Sons, Ltd.     

当前我国经济形势与金融对策

本文从GDP、物价、就业问题以及国际收支方面分析了今年国内宏观经济形势:总体上运行情况良好,但局部依然存在各种问题和困难。金融业作为服务部门,是现代经济的核心。本文着重从金融业改革的角度,按照科学的可持续发展观点,提出了几点对策,其中涉及到优化资源配置,维护金融稳定,深化金融改革,改进金融服务,推进信用建设等。     

论金融资产管理公司的经营目标与财务目标

本文在分析我国金融资产管理公司的经营性质和特殊使命的基础上,结合对企业财务理论知识的研究,提出了我国金融资产管理公司的经营目标与财务目标。     

超产权理论刍议——兼评“超产权论与企业绩效”

产权理论是以产权为基本分析工具来研究企业的治理结构与绩效的关系。而超产权理论试图改变这一基本分析范式,以“竞争性”代替产权作为企业治理结构与绩效的基本分析工具。比较和分析这两种理论可看出,超产权理论所主张的竞争性分析方法并不能取代传统的产权分析,产权结构是决定企业治理结构和绩效的最基本制度因素,产权理论仍然是进行企业分析的合理有效的基本方法。     

Conditioning as disintegration

Conditional probability distributions seem to have a bad reputation when it comes to rigorous treatment of conditioning. Technical arguments are published as manipulations of Radon–Nikodym derivatives, although we all secretly perform heuristic calculations using elementary definitions of conditional probabilities. In print, measurability and averaging properties substitute for intuitive ideas about random variables behaving like constants given particular conditioning information.
One way to engage in rigorous, guilt-free manipulation of conditional distributions is to treat them as disintegrating measures—families of probability measures concentrating on the level sets of a conditioning statistic. In this paper we present a little theory and a range of examples—from EM algorithms and the Neyman factorization, through Bayes theory and marginalization paradoxes—to suggest that disintegrations have both intuitive appeal and the rigor needed for many problems in mathematical statistics.     

"转化"理论在马克思劳动价值论中的地位及其局限

本文认为,马克思的劳动价值论是以“简单商品经济”为基础构建起来的,“转化”理论是马克思劳动价值理论由“简单商品经济”通向资本主义现存生产方式的桥梁,它使马克思劳动价值论不再仅仅局限于“简单商品经济”的范围,而是其全部理论的支点。然而它在马克思的劳动价值理论中并非是一种完全自洽的存在,它在解释资本主义社会现实经济活动方面,本身也存在一些局限,留下了一些值得思考的问题。     

试论建立和完善农村合作金融管理体制

建立和完善农村合作金融管理体制是我国金融体制改革的重要组成部分。我国农村合作金融虽然有了很大发展 ,但农村合作金融管理体制还存在很多弊端 ,迫切需要建立和完善具有中国特色的农村合作金融管理体制。本文在充分分析问题和弊端的基础上 ,科学地提出了建立新体制的构想 ,对于加强农业的基础地位、促进农村经济发展有着十分重要的意义     

论建国以来中国共产党的农业生产力发展观

建国以来,党的农业生产力发展观经历了探索、调整和完善的过程。第一代领导集体的农业生产力发展观偏重于农业制度的改革,进行了以集体组织下改革农业技术的实践,因忽视农民积极性和生产力系统的协调性,其实践效果差。第二、三代领导集体改变了党对农业的领导方式,高度重视农民积极性和生产力系统的协同性,形成了包括发挥农民积极性、现代工程和生物技术与传统农业技术相结合、市场农业和尊重自然规律为内容的农业生产力发展观。这是中国当代农业生产力发展的成功经验,也是党对传统农业重视天地人协调经验的继承。     

Technical analysis as the representation of typical cognitive biases

The present research provides a justification for the popularity of the technical analysis. It finds that financial analysts firmly discriminate between two types of technical signals—those based on typical cognitive biases and “empty” signals that sound like a technical analysis but are without any connotation with psychological inclinations.At the same time that they treat them differently, different analysts rate these items very similarly. These results suggest that the popularity of technical analysis is associated with its relation to the typical cognitive biases of humans.     

Myopic loss aversion and the equity premium puzzle reconsidered

Benartzi and Thaler [The Quarterly Journal of Economics 110 (1995) 73–92] offer a quasi-rational explanation for the equity premium puzzle. We reconsider their methodology and, making a simple modification to it, find that their analysis is not robust.