风险资本家与企业家之间的控制权分配和转移

风险投资中的控制权分配直接影响企业的价值以及风险资本家与风险企业家的个人利益.本文通过简单的模型分析了风险投资合同中控制权的分配和转移,认为控制权尤其是剩余控制权是一种"状态依存权",并且剩余控制权和剩余索取权是可分离的,且不必完全对应.这些结论基本符合融资控制理论的预测并得到实证支持.     

以交通肇事罪为视角解读共犯理论

在交通肇事逃逸致人死亡的情形中,指使人和肇事者的主观罪过既存在有故意也存在有过失。在四种情行中两者都可能构成共犯。根据最高人民法院的解释指使人以交通肇事罪的共犯论,且在刑法理论上一般认为交通肇事罪的主观罪过是过失。而传统的共犯理论认为共犯是故意犯罪。由此,理论界和最高人民法院的解释之间无疑产生分歧。运用"行为理论"或许能更好地解读共犯的主观罪过。     

风险投资对中国新三板挂牌企业绩效的影响

风险投资是推动“大众创业、万众创新”的新型金融工具和重要资本力量，对产业结构调整和经济转型具有重要作用。风险投资通过提供企业战略咨询、关键商业网络资源、人力资源管理以及监控活动等多方面支持影响被投资企业绩效。选取2010—2018年新三板844家获得风险投资和9 415家未获得风险投资的企业，通过风险投资机构的年龄、历史IPO数量以及累计退出金额衡量投资经验，检验风险投资机构的投资经验对新三板挂牌企业绩效的影响，并利用工具变量通过二阶段最小二乘法（2SLS）解决了模型的内生性问题。实证结果表明，风险投资对企业财务绩效和成长能力均呈现显著正向影响，且风险投资机构成立年份越久，在投资经验方面越丰富，对企业绩效正向影响越显著，同时，风险投资退出业绩越好，行业内对其能力的评价越高，越有利于为企业提供附加资源支持，从而提升企业业绩。     

冷战后日美同盟的强化——以联合军事演习为视角

日美联合军事演习的发展演变,体现出冷战后日美同盟的强化:作用范围扩大化、军事合作一体化、战略地位中心化、地区威慑强势化.     

Analysis of robust design experiments with time-dependent ordinal response characteristics: a quality improvement study from the horticulture industry

An approach to the analysis of time-dependent ordinal quality score data from robust design experiments is developed and applied to an experiment from commercial horticultural research, using concepts of product robustness and longevity that are familiar to analysts in engineering research. A two-stage analysis is used to develop models describing the effects of a number of experimental treatments on the rate of post-sales product quality decline. The first stage uses a polynomial function on a transformed scale to approximate the quality decline for an individual experimental unit using derived coefficients and the second stage uses a joint mean and dispersion model to investigate the effects of the experimental treatments on these derived coefficients. The approach, developed specifically for an application in horticulture, is exemplified with data from a trial testing ornamental plants that are subjected to a range of treatments during production and home-life. The results of the analysis show how a number of control and noise factors affect the rate of post-production quality decline. Although the model is used to analyse quality data from a trial on ornamental plants, the approach developed is expected to be more generally applicable to a wide range of other complex production systems.     

试论清末十年金融市场之嬗变

清末十年间,由于清政府每年对外偿付巨额借赔款,内地银两源源不断地被运往上海地区,且最终多进入外商银行手中。巨额银两的财政性流动,一方面导致国内金融市场银两流通量日趋匮乏,金融基础愈发脆弱,对外依赖程度不断加深：另一方面更加增强外商银行操控金融市场的实力。由于外商银行蓄意操纵或临阵收缩,加上其他种种复杂的因素,清末金融市场发生了数次风潮,且一次比一次间隔时间短,影响范围广,破坏程度强;同时也正是因为外商银行拥资自重,厚此薄彼及牟利操纵等原因,又造成了上海金融市场具有一些异常复杂的变化特点。巨额银两流入外商银行与清末金融市场变迁之问形成了一种复杂的恶性关系。这种关系进一步发展、演变,导致清末民初时期金融市场始终动荡不安,进而对社会变局的走向产生了严重的影响。     

中外合作大学构建适应性思想政治教育体系的思考

具有独立法人资格中外合作大学不同于融合型、嫁接型、松散型等项目合作式中外合作办学,他既具有中国普通高校的一般结构设计,又具有一种全新的模式构架,按照中国当下的发展要求,开展思想政治教育是必然选择,积极迎领各种挑战,探索适应性模式,既是时代赋予的使命,又是独立法人中外合作大学谋求更大发展的必经之路。     

中国银行业：机遇和挑战并存

通过对我国银行业目前的状况及其与国际同业的差距的具体分析 ,指出加入 WTO后中国银行业面临的机遇与挑战 ,提出中国银行业应采取的对策 :加快国有商业银行改革步伐 ;推进国有商业银行的跨国经营 ,加强股份制商业银行的合作 ;完善银行功能 ,提高服务水平 ;加强银行队伍建设。     

Shared Parenting After Parental Separation: The Views of 12 Experts

ABSTRACT

This article summarizes panel discussions that took place at an international conference on shared parenting (SP) held in May 2017. The panelists were internationally recognized experts on the legal and psychological implications of custody arrangements and parenting plans. Seven broad themes dominated the discussions: whether or not there was persuasive evidence that SP provides real benefits to children whose parents separate; what specific factors make SP beneficial; what symbolic value SP might have; whether there should be a legal presumption in favor of SP, and if so, what factors should make for exceptions; whether high parental conflict, parents’ failure to agree on the parenting plan, or dynamics of parental alienation should preclude SP; and what should happen when a parent wants to relocate away from the other parent.     

Estimation and inference of the joint conditional distribution for multivariate longitudinal data using nonparametric copulas

In this paper we study estimating the joint conditional distributions of multivariate longitudinal outcomes using regression models and copulas. For the estimation of marginal models, we consider a class of time-varying transformation models and combine the two marginal models using nonparametric empirical copulas. Our models and estimation method can be applied in many situations where the conditional mean-based models are not good enough. Empirical copulas combined with time-varying transformation models may allow quite flexible modelling for the joint conditional distributions for multivariate longitudinal data. We derive the asymptotic properties for the copula-based estimators of the joint conditional distribution functions. For illustration we apply our estimation method to an epidemiological study of childhood growth and blood pressure.