基于Hawkes过程中美股市大幅波动互激效应的研究

近年来，由于中美经济联系日趋紧密，中美股票市场大幅波动的互激效应明显增强。本文考虑中美股市时差和法定节假日差异等因素，运用标值Hawkes过程对2006-2017年CSI300和S&P500大幅波动收益率数据进行建模，结果表明：（1）中美股市大幅波动互激效应存在不对称性，美股市场大幅波动对中国股市的互激效应更强；（2）中美股市大幅波动的幅度对互激效应不存在显著影响；（3）中美股票市场对于大幅波动互激效应的消化速度存在差异，中国股票市场消化美股大幅波动互激效应的速度较快。本研究对金融市场监管者和投资者均有一定意义。     

感知风险对在线旅游产品购买意愿的影响分析

旅游电子商务发展迅猛,互联网购物平台的虚拟性和远程性强化了消费者感知风险,它也成为影响旅游电子商务发展的重要因素之一.文章聚焦消费者感知风险,运用SPSS 19.0及AMOS 21.0软件,构建以5个维度的感知风险为自变量、购买意愿为因变量、信任为调节变量的结构方程模型,探讨变量间相关关系.结果发现:感知风险对信任的影响差异较大,仅经济风险感知与信任呈显著负相关;感知风险对购买意愿总效应皆呈负相关;信任作为中介变量存在明显的调节作用,有效地降低了感知风险对购买意愿的负向影响.     

Strategies and cues adolescents use to assess the age of an online stranger

A common risk among adolescents is sexual solicitation, in which an adolescent is asked to provide sexual information, engage in sexual talk, or in sexual activities. Although scholars increasingly address this topic from an intrapersonal perspective, there is little attention to factors of language use and message content. In two focus group studies, we investigated whether adolescent girls consider themselves capable of assessing whether an online stranger is an adult or a peer, the extent to which adolescent girls actually succeed in making this assessment, the strategies they apply to do so, and the content- and language-related cues focused on. Our findings suggest that most of the adolescent girls are confident in their ability to assess whether the stranger is a peer or an adult with possible sexual intentions. However, we also found that only 43% were able to correctly make this assessment. Most of the adolescents seem to apply the passive strategy of uncertainty reduction: They scan the profile page of the stranger, check contact information, and the profile picture. They may choose to apply the interactive strategy to find out more about the online stranger. Important content-related cues that alarm adolescent girls are: ignoring personal questions, showing an exaggerated amount of interest, acting as a friend, and being sexually oriented. Language cues mentioned related to word usage, abbreviations, sentence length, and tone.     

考虑消费者网购体验滞后的产品定价研究

随着电子商务技术的发展，网络购物越来越便利。与此同时，网络购物带来的产品体验滞后也导致了消费者对产品的认知不确定性。而这种不确定性正在成为消费者策略性退货行为的主要原因，如消费者同时购买多件具有横向差异的产品，在收到货物后经亲身体验后保留一件而将其他产品退货。本文通过构建Hotelling模型，探讨了企业在考虑此种影响情况下的最优定价策略，分析得出：当消费者的退货成本增加时，企业最优定价也随之增加；消费者对产品的先验效用差异化越小，企业的最优定价也越低。同时发现，若某种产品无消费者单独购买，企业的最优定价会随消费者偏好的增加而增加；而当两种产品均有消费者单独购买且消费者退货成本较大时，企业的最优定价不但不会随消费者偏好的增加而提高，反而会随消费者偏好增加而减少。此外，本文给出了消费者策略性退货行为存在的临界条件，当消费者的退货成本高于这一临界条件时消费者的策略退货行为将消失。     

货币政策溢出效应和国际协调机制研究

基于国际货币政策溢出效应理论，选用2006年11月至2017年7月的月度数据，采用TVP-VAR-SV模型分析美国货币政策变化对中国产出的动态影响，结果表明美国货币政策的变动对中国产出具有显著的溢出效应，该溢出效应在不同滞后期和不同时点上具有较大差异，尤其当美国货币政策发生方向性变动时对中国产出增长的影响非常显著；不同时期美国货币政策的变化对人民币有效汇率和中美贸易差额在影响方向和程度上均存在着较大差异，并且人民币有效汇率和中美贸易差额的变动反过来对中美利差和中国产出增长也存在着时变性影响。     

小学校长服务型领导对教师知识分享行为的影响研究

以山东省248名小学教师为有效样本，探讨了服务型领导、教师同事信任、情感承诺和教师知识分享行为之间的关系。研究结果显示：服务型领导与教师知识分享行为显著相关；教师同事信任部分居间联系了服务型领导与知识分享行为之间的关系；教师同事信任部分居间联系了服务型领导与情感承诺之间的关系；情感承诺对服务型领导与知识分享行为关系的中介作用不显著。     

A Graphical Tool for Interpreting Regression Coefficients of Trinomial Logit Models

Multinomial logit (also termed multi-logit) models permit the analysis of the statistical relation between a categorical response variable and a set of explicative variables (called covariates or regressors). Although multinomial logit is widely used in both the social and economic sciences, the interpretation of regression coefficients may be tricky, as the effect of covariates on the probability distribution of the response variable is nonconstant and difficult to quantify. The ternary plots illustrated in this article aim at facilitating the interpretation of regression coefficients and permit the effect of covariates (either singularly or jointly considered) on the probability distribution of the dependent variable to be quantified. Ternary plots can be drawn both for ordered and for unordered categorical dependent variables, when the number of possible outcomes equals three (trinomial response variable); these plots allow not only to represent the covariate effects over the whole parameter space of the dependent variable but also to compare the covariate effects of any given individual profile. The method is illustrated and discussed through analysis of a dataset concerning the transition of master’s graduates of the University of Trento (Italy) from university to employment.     

网络视频实时在线评论用户认可度的影响因素

目前，网络视频实时在线评论激增带来的信息爆炸，使实时在线评论信息管理成为重要议题。以往对实时在线评论的研究多集中于个人行为结果方面，而缺乏对实时在线评论信息管理问题的关注；同时，现有视频网站对实时在线评论信息的管理也存在诸多局限。以爱奇艺视频网站热度榜中的电影为样本，基于信息质量维度框架并采用Tobit模型对实时在线评论用户认可度的影响因素进行研究，结果发现：实时在线评论的新颖性、相似性、情感倾向性和信息丰富性，均对实时在线评论的用户认可度存在显著影响，其中新颖性和相似性影响作用最大。视频网站可以据此进一步强化实时在线评论管理，改善用户的体验，保持用户的粘性。     

环境规制、政府行为与产业结构升级

传统的政府权衡思路发生转变，环境保护的重要性并不必然劣于对经济增长的追求，聚焦环境规制与产业结构升级的关系，有助于监管当局把握环境政策的经济端反馈效果。采用2004—2015年中国省际面板数据，考虑经济区域异质性和政府行为，细致分析环境规制对产业结构升级的影响，并进一步探讨具体的作用机制。研究发现:环境规制对产业结构升级的影响具有区域特征，东部地区形成了正向促进作用，中部地区为反向抑制作用，西部地区没有影响；地方政府官员晋升压力越大、财政收支压力越小、相对财力越大，环境规制倒逼产业结构升级的效力越大；传导机制方面，佐证了研发创新和对外开放对环境规制优化产业结构的正向传导效应，而FDI流入和投资需求反而具有逆向功效。因此，必须注重政府行为的协调效应，有效把握区域特征，提倡创新和深化改革开放，构建合理的环境规制政策，以实现产业结构优化升级。     

Exploring gaps in the online economic inclusion of persons with disabilities in Korea

ABSTRACT

This paper explores the difference in the online economic activities of people with and without disabilities in Korea. We conducted a multiple regression analysis to investigate the impact of socioeconomic characteristics, internet access, and internet skills on online economic activities. Our sample, based on a 2016 dataset that included 1554 people with disabilities and 6004 people without disabilities, was developed using quota sampling based on gender, age, and residence. We determined that individuals with disabilities were more likely to engage in online economic activities if they had higher levels of education, lived in urban areas, were employed, or had greater internet skills. Individuals without disabilities were more likely to engage in online economic activities if they were women, had higher levels of education, were employed, lived in a two-generation or more household, or had greater internet skills. For both people with and without disabilities, the level of education, employment status, and internet skills positively contribute to online economic activites. We also determined that education level, participation in economic activity, living in a two-generation or more household, and internet skills had a statistically significant influence on online economic activity for people both with and without disabilities. These results highlight the importance of education and internet training for people with disabilities, as well as social support systems that help them learn to use the internet in diverse ways through both formal and informal networks. The study also underscores the importance of information and communications technology that adequately addresses people’s needs.