南欧3国社会救助制度反贫困脆弱性：经验分析和比较反思

对南欧的希腊、意大利和西班牙3国的最低收入计划的反贫困经验进行了讨论，从相对贫困率变化的角度看，南欧3国社会救助制度对于贫困减少仍存在脆弱性。同时，分析、对比了中国城市最低生活保障制度对于城市贫困减少的效果，结果表明，就相对贫困而言，贫困减少效果目前还较为有限。最后，就制度设计、政策支持和价值取向等方面提出了思考。     

The role of CEO relative standing in acquisition behavior and CEO pay

In this study, we develop and test a theory of CEO relative pay standing. Specifically, we propose that CEOs with negative relative pay standing status (underpaid relative to comparison CEOs) will engage in acquisition activity, as a self‐interested means of attempting to realign their pay with that of their peers. We further propose that, when CEOs with negative relative pay standing acquire, they will tend to finance those acquisitions more heavily with stock than cash, to mitigate the risk associated with those deals. Finally, we argue that acquisition activity will partially mediate the influence of CEO negative relative pay standing on subsequent CEO compensation increases; however, that pay growth will come primarily in the form of long‐term incentive pay. Our results support our predictions. Copyright © 2014 John Wiley & Sons, Ltd.     

城市污水处理行业的激励性价格管制

本文在借鉴雪理佛和巴杰夫特提出的区域间比较竞争模型基础上,引入利润率和质量系数,构建了两阶段污水处理区域间比较竞争定价模型,主要运用数据包络分析方法确定标杆企业,以促进污水处理企业之间的比较竞争。并以浙江省污水处理行业为例,运用聚类分析方法对污水处理企业的异质性进行区分与分类,对典型的污水处理企业进行价格测算,为污水处理行业实行激励性价格管制提供理论依据。     

地区产业结构差异对外商直接投资区位选择的影响

随着外商对华投资规模、技术含量的提高,FDI对于投资地的选择,越来越受到当地产业结构的影响。与此相适应的是人力资本和服务业发展水平的重要性日趋提高,并对FDI的流向产生直接的影响。本文通过使用我国1992～2001年沿海10省市的相关数据分析认为,一个地区产业集中度的高低显著影响外商投资的区位选择,跨国公司决定向一个地区投资后往往选择该地区具有比较优势、集中度高的行业作为投资方向,且只有当该地区的产业集聚优势与外资的比较优势相一致时,外资才会进入。     

谈加权平均资本成本法在个别项目评估中的应用

现实当中,由于企业暂时无需纳税,资本结构当中债务融资比例不固定,个别项目与企业整体资产风险差异较大等因素的存在,使得直接运用加权平均资本成本(WACC)对个别项目进行价值评估和资本预算分析容易产生较大的偏差甚至可能导致错误的决策,因此,对具体项目的风险系数进行调整以正确使用WACC方法进行项目价值评估,从而使得出的结论更为可靠有效,有助于企业更好地进行项目筹资和投资决策。     

The Effectiveness of Technical Trading for Arab Stocks

In this paper, we examine the profitability of technical analysis for a cross section of individual Arab stocks. Our analysis, undertaken from the perspective of an Islamic investor, reveals that technical trading rules do not yield economically or statistically significant returns. While our results uncover some scant statistical evidence of technical trading rule profitability, risk adjusting the returns weakens the evidence in favor of predictability. Furthermore, break-even transaction costs do not exceed estimated transaction costs or bid-ask spreads in the markets examined.     

薪酬差距、相对剥夺感知及企业绩效研究

文章通过在员工效用函数中加入相对剥夺权重函数以体现薪酬差距主观感受对于效用的影响,并建立反映劳资双方目标利益与最优决策的博弈模型,最终形成用以分析薪酬差距对于员工努力和企业绩效影响的整合模型。通过比较静态分析可知,相对剥夺感知的存在将通过促进员工努力的方式提高企业产出,这表明因预先宣布薪酬差距所导致的员工相对剥夺感受对薪酬差距激励效果存在强化效果。     

“软政绩”评价体系下农村社会救助及配套资源效率评估

从制度的层面分析了财政对社会救助制度的转移支付政策目标与效率评估的内在有机联系;利用DEA二次相对效益模型对社会救助转移支付绩效做了评估;从社会救助基金配置和财政社会救助基金支出效率提升等方面,构建了财政对社会救助转移支付绩效评估指标结构体系;结合中国29省份的社会救助相关指标样本的经验分析结果,认为随着中国政府职能的逐渐转变,应摒弃部分旧的评估指标,并建立新的绩效评估体系来完善和提高财政对社会救助转移支付效率.     

International Competitiveness: A Case Study of American,Swedish, and Ukrainian Forest Industries

ABSTRACT

The objectives of this article are to assess changes in the international competitiveness of the forest products industries in three countries (Sweden, the US, and Ukraine) during the years preceding, during, and after the recent economic crisis. To deepen the exploration of the three countries’ competitiveness, we propose a Cross-Country Relative Competitiveness Index. The results show that comprehensive measurement of comparative and competitive advantages is essential for determining why a given industry in a given country is doing well or badly. They also provide broad background information for subsequent, more detailed explorations of important changes and trends.     

贵州典型喀斯特流域水资源可持续利用对策研究

本文基于喀斯特水资源与生态环境之间的耦合关系,建立了典型喀斯特流域水资源可持续利用评价模型,即采用模糊综合评判作为主要评价方法,确立了评价体系,通过改进层次分析法确定了指标权重,划定了评价指标等级,并根据相对隶属度原理,建立相对隶属度公式确定了评价矩阵.应用该评价模型对选取的典型喀斯特流域进行评价,通过评价发现问题并提出了相应的对策措施.