The endogeneity of the natural rate of growth – an empirical study for Latin‐American countries

The aim of this paper is to analyse the sensitivity of the natural rate of growth to the actual rate of growth for a sample of 11 Latin‐American countries, assuming the natural rate to be determined endogenously by changes in the actual rate of growth. The natural rates of growth are estimated in a system of SUR estimations over the period 1986–2003. In order to determine whether they react endogenously to changes in the actual rate of growth, a dummy variable for boom periods is added to the system of regressions. The results confirm the hypothesis about the endogeneity of the natural rate of growth.     

Ethical Evaluations of Business Activities and Personal Religiousness

The study examines the relationship betweenmoral judgments of a business situation with ethicalcontent and personal religiousness. The findingssuggest that ethical interest and behaviour arerelated to religiousness. However, only the ethicalphilosophy of contractualism was found to be relatedto religiousness, while moral equity and relativismwere not.     

The Valuation of Volatility Options

This paper examines the valuation of European- and American-style volatilityoptions based on a general equilibrium stochastic volatility framework.Properties of the optimal exercise region and of the option price areprovided when volatility follows a general diffusion process. Explicitvaluation formulas are derived in four particular cases. Emphasis is placedon the MRLP (mean-reverting in the log) volatility model which has receivedconsiderable empirical support. In this context we examine the propertiesand hedging behavior of volatility options. Unlike American options,European call options on volatility are found to display concavity at highlevels of volatility.     

高职高专商务英语听力教学探讨

结合当前社会需求和高职高专商务英语听力教学的特点,探讨了如何提高商务英语听力教学质量并提出了相应的教学改进措施。     

A Phenomenological Approach to Inquiring into an Ethically Bankrupted Organization: A Case Study of a Japanese Company

This study introduced a phenomenological approach to the study of the companies that committed corporate crimes. The author first developed the epistemology of normative control which is based on the philosophical ground of phenomenology, sociology of knowledge, ethnomethodology, Habermas's normative theories, and Foucault's normalizing discourse in the context of organizations. He, then, showed the procedures for conducting a qualitative and phenomenological empirical case study of an aggressive Japanese company whose name appeared in the media for its scandal in Tokyo. The inquiry revealed the generative mechanism of normative control and the patterns of constructing social reality of workplaces in a Japanese company.For the sabbatical period August 1999–August 2000:     

主位推进模式在商务英语阅读中的应用

以朱永生的四种主位推进模式为理论基础，以节选篇章为单位，探讨语篇的内在结构，旨在说明在商务英语阅读中，主位推进模式有助于清晰理解文章的内容逻辑，把握文章的发展脉络，进一步证实主位推进模式对教师教学及学生学习的指导意义。     

现代商务英语写作中的交际能力特征

随着信息技术的高速发展,商务英语信函已成为国际商务往来中最基本的交流方式。从交际能力理论的视角分析现代商务英语信函在不同的文体层面上体现出的可接受性、得体性或现实性等交际能力的特征,旨在表明现代商务英语写作中需要充分运用人际交往的心理策略并采用简约的语言风格。     

中国商业文化研究综述（1990—2010）

对中国商业文化近20年的研究成果进行回顾与整理：商业文化内涵研究、商品文化研究、商业思想文化研究、商业环境文化研究、商业文化研究视角、地域商业文化研究、异域商业文化研究、商业文化发展前景研究。归纳了研究成果的特点,总结了成就与不足。