中国郑州棉花期货市场的国际定价功能研究

本文借助计量经济学的分析方法,对郑州商品交易所、纽约期货交易所期棉价格与国内棉花现货价格这三者的关系进行了研究,并测算了郑州商品交易所与纽约期货交易所在价格发现中的贡献份额。研究结果表明,三者之间存在协整关系,纽约期货市场在国际棉花定价体系中占有主导地位,而导致郑州棉花期货市场国际定价功能弱化的原因则是国内棉花期货市场与现货市场缺乏有机联系。     

Intraday Returns and the Frequency of Trading at the Ask on the Sydney Futures Exchange: A Research Note

This article documents and provides explanations for intraday patterns in returns for the Share Price Index (SPI) futures contract traded on the Sydney Futures Exchange (SFE). Consistent with overseas futures markets research, a positive and significant overnight return is documented. Unlike overseas futures markets, we find little evidence of an end of day price rise. Our evidence suggests that overnight returns for the SPI contract are largely driven by the way returns are typically measured, which ignores the fact that there is a significantly greater frequency of sellers at the market close and buyers at the start of the day. These patterns are consistent with hedging behaviour by futures traders with long positions in the underlying stock.     

试论人文精神在2000版ISO9001质量标准中的蕴涵

近代管理科学的发展,经历了一个以"物"为中心的管理向以"人"为中心管理的转移过程。所谓 "管理的回归本色",其内涵是管理不是单纯的控制,而是一种如何使人的价值在组织的经营活动中得到实现 及如何尊重人的价值。这一理论视角的转换,在改版后的2000版ISO9001标准中得到了鲜明的体现和阐释。     

Futures and forward price differential and the effect of marking‐to‐market: Australian evidence

The objective of this paper is to examine the effects of marking‐to‐market of futures contracts on the price differential between futures and forward contracts based on the predictions of the Cox, Ingersoll and Ross (1981) (CIR) model. Cox et al ., (1981) derive a series of propositions with respect to the relationship between futures and forward prices and a set of testable implications. These are tested empirically in this paper using Australian data from November 1991 to June 1997. The results provide evidence of the presence of significant futures and forward price differences, where the futures price is consistently below the forward price. Only partial support is found for the Cox et al ., (1981) propositions, implying that the effect of marking‐to‐market is not able to fully account for the price differential. Therefore, it is not possible to rule out the influence of other institutional factors on the futures‐forward price difference.     

道路货运企业贯彻ISO9001:2000标准的有关问题研究

对我国道路货运企业贯彻ISO9001:2000标准存在的问题划为三种类型进行剖析,对其质量管理体系运作的机理和实施的方法进行阐述,针对我国道路货运企业质量管理体系建立过程的具体情况,依据ISO9000体系八项原则的要求,提出了一系列具体的对策,研究结论对运输型物流企业同样适用。     

高职教育引入ISO9001质量管理体系的探究

高职教育必须面向市场,有针对性地培养企业所需要的人才。高职院校以企业的方式引入ISO9001标准,有利于与国际标准接轨以及适应市场需求,有利于转变观念,突出服务,有利于科学管理,实现可持续发展。在分析高职院校的产品和顾客的识别基础上,本文提出了高职教育建立ISO9001质量管理体系的程序。     

The future of hydrogen fueling systems for transportation: An application of perspective-based scenario analysis using the analytic hierarchy process

This paper integrates the analytic hierarchy process (AHP) with scenario analysis techniques to explore the commercialization of future hydrogen fuel processor technologies. AHP is a multi-attribute decision analysis tool useful for evaluating decisions with multiple criteria and alternatives. In this paper, AHP is extended using a technique called perspective-based scenario analysis (PBSA). In PBSA, scenario analysis is conducted based on potential future decision-maker perspectives that are integrated into the AHP framework. This paper discusses this method and applies it to the evaluation of hydrogen fuel processor technologies 15–20 years hence. The results provide an added layer of insight into the opportunities and barriers for the commercialization of these technologies as well as the methodological opportunities for using AHP and PBSA as a futures tool.     

技术性贸易壁垒及其对我国汽车出口的影响

技术壁垒作为当今国际贸易中最隐蔽、最难对付的一种贸易壁垒,给我国各行业商品的出口贸易带来了巨大的障碍。本文分析了技术贸易壁垒的内容、性质、特点和主要发达国家对汽车产业设置的TBT现状,提出了我国汽车出口应对国外技术贸易壁垒的政策措施。     

基于ISO9000标准的高等教育质量管理体系的探讨

对运用ISO9000标准进行高等教育质量管理的必要性和可行性进行了论证,对质量管理体系的基本框架和教育服务过程进行了初步设计,提供了一种可供选择的高等院校质量管理新路。     

Capital, corporate income taxes, and catastrophe insurance

We provide estimates of the equity capital needed and the resulting tax costs incurred when supplying catastrophe insurance/reinsurance using a partial equilibrium model that incorporates a specific loss distribution for US catastrophe losses. After consideration of insurer investment in tax-exempt securities, tax loss carry-back/forward provisions, and personal taxes, our results imply that the tax costs of equity finance alone have a substantial effect on the cost of supplying catastrophe reinsurance. These results help explain a variety of industry developments that reduce tax costs. Also, when coupled with non-tax costs of capital, these results help explain the limited scope of catastrophe insurance/reinsurance.