TOT项目融资中国有资产转让定价的博弈分析

本文以TOT项目融资方式为对象,运用博弈的方法,从合理分配国有资产经营期内增值收入的角度出发,得出这样的结论,在国有资产转让过程中,政府与私营资本之间的谈判是一系列复杂的博弈过程,在博弈中政府的最优行为是对国有资产转让进行招标,同时给予某一招标企业一定的中标优先权,这样政府能够较现行的国有资产转让方式获得更多的收益.     

基于行为金融的开放式基金绩效评价模型

考虑决策者的有限理性,在行为金融范式下研究了开放式基金绩效评价问题.利用相对财富和习惯形成效用函数,描述了开放式基金管理者的投资组合决策行为;引入均值-熵度量开放式基金风险,建立了一种行为证券组合模型;以此为内核,研究提出了B-Morningstar风险评价模型;应用模拟分析结果表明,基于行为金融的B-Morningstar模型能够有效逼近其实际绩效水平.     

网络拟古世情小说对当下意识形态的民间再构

近年来,在网络通俗小说创作中涌现出大量的拟古世情小说。这类小说往往以宏大的故事布局和对优秀女主人公的塑造,吸引了众多阅读者的目光。这些女主人公群像,不仅反映出汉民族文化传统的审美眼光,也寄托了根源于以家族、财富为中心的社会价值期待,还与当下价值评判体系中的女性群体的自我期许相吻合。这些拟古世情小说在完成言情小说的爱情故事构形和实现娱情的休闲功能以外,也因为广大阅读群体逐渐步入或即将步入中产阶层而发生相应的变化,重新赋予女性作为稳定家庭、增长财富、养育子女、传承家风的核心力量的社会意义,她们洁身自好,对爱情专一,勇于面对困难,乐于奉献,担当责任,胸怀宽广。这些新型的“高大全”形象,表达出女性主义的新倾向：女性的成长和幸福的获得,更重要的在于女性内在的精神力量,与传统的气节、操守有关的人格因素,以及家教和门风。这使得网络平台的民间话语表达,具有更为包容传统以及融合其合理因素的价值取向,也与当下主流意识形态遥相呼应。     

基于累积前景理论的多资产投资组合优化与实证研究

基于CPT视角的多风险资产投资组合模型,探讨投资者面对不同投资风险时的心理变化以及心理变化对其投资策略的影响。通过选取不同超额收益率及波动率水平的股票,测试投资策略对于风险态度指标的敏感度。研究表明,投资者面对不同风险具有明显地心理变化,并且其心理变化对投资策略具有显著的影响。具体表现在几个方面：投资者面对不确定收益时,表现出风险厌恶,面对不确定损失时,表现出风险偏好;投资者将无风险资产的投资收益作为心理参考点,所做的投资决策与相对于此参考点的相对财富水平的变化有关,而不是与传统理论中的绝对财富变化量相关。     

An Exploration of “Superb Competences” in College Teachers in the Context of U-Learning

Ubiquitous learning (U-learning), a potential shortcut for China to modernize its education, is treated in this discussion as a mentality and means for citizens in high-tech society to seek a lifelong education. Thus situated, this article presents an exploration of “superb competences”—material intelligence, internet thinking, and brain-related neuro knowledge—in college teachers outside their trained professional areas. It is believed that once the teachers are equipped with the material intelligence, internet thinking, and brain-related neuro knowledge, real U-learning practice is ensured and its rationale will be developed. Material intelligence and internet thinking are evolved from and closely related to technological development, and therefore constitute the essential requirements of U-learning in terms of technical and educational cognitive framework. A good knowledge of brain related neuroscience, the third competence, guarantees the scientific rooting of every element in the designing of U-leaning tasks, whose success resides in a serious respect of cognitive nature and rules of the brain. The building of such superb competences, as is argued at the end of the paper, relies on various supports, like policies and technological aids, from all levels of educational administration in the country as well as each individual teacher’s personal understanding and efforts.     

长期股权投资准则修订变化及对企业财务的影响研究

2014年7月1日,新修订的企业会计准则率先在所有执行企业会计准则的企业范围内施行,这意味着企业的财务核算、财务报表等面临新的问题和挑战.长期股权投资是企业会计核算中的重点和难点,其会计核算方法比较复杂,不同的会计核算会对企业的财务产生不同的影响.本次长期股权投资的修订,规范了长期股权投资的会计核算方法,使其持续趋同于国际会计准则,有利于我国对外经济合作,有利于适应社会经济的发展.本文主要剖析了长期股权投资准则修订前后的变化,对其主要会计核算进行举例分析,并分析其对企业财务的影响.     

The Structure of Legal Relations in Online Transactions*

As the civil law expression of internet plus transactions, the legal relations in online trading platform transactions constitute a complex aggregate of legal relationships composed of groups of legal relations. Specifically, they consist of three basic interlinked legal relationships: Contract relations for online trading platform services between the platform provider and the seller or service provider, and between the platform provider and the consumer. This includes the sales or service contract relations between the triad of the seller, the service provider and the consumer. These relations contain five kinds of major content, viz., the provision of transaction space, the publishing of transaction information, price escrow payment, distribution and delivery of the commodity, and transaction credit evaluation. They involve three forms of supplementary legal relations: the supplementary contract relationship between the platform provider and a third party payment institution; between the seller and third party credit reporting agency; and between the seller and a logistics enterprise. The three forms of supplementary contractual legal relations are set up to act on the major contents of the basic legal relationships in online transactions. On the basis of the online trading platform service contract relationships between the platform provider and the triad of the seller, the service provider and the consumer, the flow of the above- mentioned legal relations centers on the contract of sales or service set up between the seller, the service provider and the consumer to accomplish the aim of the online transaction, meet social needs and boost economic development.     

美国进出口银行立法的历史发展及其对完善我国进出口银行制度的启示

美国进出口银行的历史发展,在内容上主要表现为其相对独立法律地位的确立及其与政府行政机构间的关系的成熟和完善,在形式上的表现则是其法律制度的建立和完善。美国进出口银行的历史发展,对完善我国包括进出口银行在内的政策性金融制度具有启示意义。     

我国互联网市场不正当竞争规制制度的创新——以中国网络视频反盗版联盟诉百度为例

我国互联网市场是目前急需规范的领域,大量不正当竞争行为在互联网市场出现,严重扰乱了互联网市场的秩序,其中互联网版权不正当竞争是典型表现之一。规制互联网市场的不正当竞争行为,创新互联网市场不正当竞争规制制度,不仅应认清现今规制所处的困境,规制之缺陷,还需在规制理念上进行完善,从而进一步建构我国互联网市场不正当竞争之规制制度。     

浅析新时期民生财政的构建

民生财政是近几年学术界和实务界提及的一个热门词汇。民生财政不能仅以提高民生支出的比例来完成，而是要构建一套由财政预算体系、转移支付体系、资金监管体系、绩效评估体系等组成的从收支计划的确定、执行到效果监督的完整民生财政框架。