我国中小企业融资需求与资本结构选择研究——基于中小上市公司的实证检验

通过对影响中小企业融资需求与资本结构选择的特征因素进行逻辑分类,通过样本选择来控制一定层面的特征因素,进而对中小企业融资需求与资本结构选择进行一般性研究。研究发现我国中小企业的融资需求偏好股权融资,中小企业规模、成长性、市场竞争能力、盈利性、非债务税盾与资产担保价值对中小企业融资需求与资本结构选择具有重要影响揭示了尽管资本市场拓宽了中小企业的融资渠道,股权融资需求得到较大程度的满足,但是并不能满足中小企业成长性融资的内在需求,高成长企业被迫选择以银行信贷为主的债权性融资,从而带来财务杠杆的提高,增大企业财务风险,因此对于本身就具有高风险的中小企业来说,提高风险价值管理水平,科学进行融资决策具有至关重要的意义。     

委托人价值取向及委托-代理效应

给出一个委托－代理模型,分析委托人的价值取向对评价和选择代理的影响以及由此产生的委托－代理效应。模型适用于解释当委托人不是产权所有时出现的一些现象。     

先进制造技术与企业组织管理模式的变革与创新

实施了先进制造技术的企业由于生产模式的转变 ,出现了系统化 ,集成化等新特点 ,传统组织管理模式与先进制造技术的要求之间存在着许多矛盾和冲突 ,必须按顾客驱动 ,柔性化等原则对企业组织管理模式进行变革与创新 ,才能发挥先进制造技术的优势     

双液注浆锚管加固在渗水软弱围岩浅埋偏压隧道中的应用

通过乌坑坝隧道北京端左线冲沟地段的施工实例,介绍渗水软弱围岩浅埋偏压隧道地表双液注浆锚管加固的施工方法,并对加固效果及其优缺点进行分析．     

关于珠三角河网地带路桥衔接处沉降差问题的探析

对珠江三角河网地带存在严重的路桥衔接处路面沉降差问题的原因进行了分析,指出目前设计规范存 在的不足,提出了解决该问题的建议,并介绍处理该问题的工程实践方法．     

粉喷桩复合地基在建筑工程中的应用探讨

根据工程实践及有关测试资料分析、探讨了水泥土粉喷极的工程特性及其在本地区建筑工程中的应用实例。     

Dynamics of Mixed Coalitions Under Social Cohesion Constraints

ABSTRACT

Parameters for the birth and death diffusion life table model subject to downward jumps randomly occurring at a constant rate are estimated. The jump magnitudes have a beta distribution with support [0, l_x ], where l_x is the total number of survivors prior to the jump. The estimation method is maximum likelihood. The Cramer–Rao Lower bound and the asymptotic distribution for the MLE are derived. The model is applied to the U.S. men′s population from 1900 to 1999.     

改善投资软环境 加快构建和谐陕西

投资环境尤其是投资软环境,是影响投资者动机和行为的重要因素.理论界将其称为衡量一个国家或地区社会文明水平的"晴雨表"和"温度计".陕西是西部大开发北线的桥头堡,是资源、科技、文化大省,有着巨大的发展潜力和良好前景.应该进一步解放思想,实事求是,改善陕西投资软环境,加快构建和谐陕西.     

Isotontic regression for interval censored survival data using an e-m algorithm

This paper develops a nonparametric model of the relationship between survival S and a dichotomous random variable X under the order constraint that P(X=1|S=s) is increasing (or decreasing) with s. The estimation procedure, called isotonic regression, has been studied in some depth for the case of uncensored data, but we give a methodology which is appropriate in the more general context of right, left, and interval censored data. An E-M Algorithm (Dempster et. al., 1977) is used for maximum likelihood estimation.     

Labor Market Disparities Between African Americans and Afro Caribbeans: Reexamining the Role of Immigrant Selectivity

Black immigrants from the Caribbean have long attained greater labor market success than African Americans. The most recent studies show that Afro Caribbeans have earnings that are approximately 16% greater than African Americans and that Afro Caribbeans are as much as 21% more likely to be employed than African Americans. The most prominent explanation for greater Afro Caribbean success is that, because they have chosen to migrate, Afro Caribbeans are positively self‐selected on characteristics that are key for success in the U.S. labor market. Proponents of immigrant selectivity argue that migrants have greater levels of both hard and soft skills than nonmigrants. Using data from the National Survey of American Life—the first social survey to provide a nationally representative sample of both African Americans and Afro Caribbeans—this study finds that Afro Caribbeans have greater hard skills than African Americans but split the difference on two measures of soft skills: African Americans and Afro Caribbeans are matched on John Henryism, but African Americans have greater personal mastery than Afro Caribbeans. Contrary to expectations, controlling for differences in hard and soft skills does not provide for a meaningful reduction in labor market disparities between African Americans and Afro Caribbeans.