To File Or Not To File? Systemic Incentives, Corporate Control, and the Bankruptcy Decision

This research investigates the distinctions between bankrupt firms and equally leveraged firms that avoid bankruptcy. Building upon the systemic incentives of bankruptcy law, and specifically those applicable to Chapter 11 reorganizations, the study argues that the firm’s governance and capital structure characteristics moderate the relationship between the firm’s financial condition and the filing decision. The results of this study indicate that, contrary to agency theoretical predictions, firms with high levels of inside equity ownership and secured indebtedness file in poorer financial condition than peer firms with low levels of these variables. By contrast, firms with high levels of outside equity ownership and short-term indebtedness file when in relatively better financial condition.     

你为什么得病？

每个人都希望自己是一个健康的人!健康界的一场翻天覆地的革命:你的性格能够决定你的命运,同样你的性格依然会决定你得什么病。病由心结、病由心解,解铃还需系铃人。十几万乃至几十万元无法治愈的疑难杂症,已经耗尽了你的家财,还不知道病情什么时候会好转?高昂的药费、日夜的看护,已经使得你筋疲力尽,家财耗尽。望断天崖路,你只有祈求上苍的保佑。     

秋阳·创巴活佛对于藏传佛教西方传播的贡献

2014年是秋阳·创巴活佛圆寂二十七周年。他是二十世纪以来将藏传佛教佛法传播至西方世界的开拓性重要人物。他非凡的人生经历和佛法教导内容,至今仍在塑造并影响藏传佛教全球化的发展传播。     

当代中国的音乐及社会差序——京剧票友会与摇滚乐队“派对”比较研究

本文主要探讨当代中国的两种音乐活动形式——京剧票友会以及摇滚乐队派对。这两种音乐形式虽然在风格上截然不同,但是两种社团在结构上却存在着一定的相似性。这两种活动形式基本上都具有我们所称之为＂为位＂（positioning）的行为,参与者由此在音乐活动中找到他们各自的位置。而且,两种活动形式都涉及到＂外来者的融入＂（outsider integration）,即允许陌生人的参与并在活动中找到他们的位置。     

Does intergenerational mobility shape psychological distress? Sorokin revisited

Drawing from Sorokin's hypothesis that socially mobile individuals are at greater risk of experiencing psychological distress than their non-mobile counterparts, we investigate whether intergenerational occupational mobility influences psychological distress, as measured by the Center for Epidemiologic Studies Depression (CES-D) scale. Using data for men from the Wisconsin Longitudinal Study (WLS) and Sobel's Diagonal Mobility Models, we find little evidence for Sorokin's hypothesis; mobile individuals are no more likely to be psychologically distressed than their non-mobile counterparts. In fact, one group of mobile men - those who left their farming origins - are actually less distressed than the sons who remain as farmers and non-mobile men in higher-ranked social classes. We speculate that this reflects the fact that farming became very arduous during the late 20th century and these mobile sons of farmers appreciate their improved life chances. Our findings suggest that the association between mobility and psychological distress varies across specific class backgrounds and is contingent upon the broader social and economic context.     

On the historical determinants of third sector strength: A qualitative comparative analysis

This study proposes a theoretical explanation for the main causes of the third sector's strength. A Boolean comparative analysis based mainly on the theoretical frameworks of Rokkan and Esping-Andersen indicates that the combination of state-supported urban interests and Protestantism are necessary conditions. This result is very close to Max Weber's explanation of civil society which presupposes the facilitating role of the autonomous state. Thus, the empirical results are reinterpreted within the context of a Weberian explanatory framework. The implications of this endeavor within the historical context of developing countries are further explicated.     

从全球人口百年(1950～2050)审视我国人口国策的抉择

基于“人口众多”这一基本国情,我国自20世纪80年代前后采取了严格控制人口增长的政策。对于这一政策应科学、全面地衡量其利害得失。文章利用全球人口资料和我国历次人口普查及人口预测资料,从人口规模、结构的发展变化作实证研究。最终认为,我国的人口国策是利大于弊。