基于Var模型的开放式基金风险计量研究

开放式基金在世界范围内发展迅猛 ,已成为世界投资基金的主流。中国内陆也在 2 0 0 1年 9月推出了第一只开放式基金。开放式基金在我国的进一步发展需要对其风险进行识别和管理。目前在我国 ,对开放式基金风险的研究主要以定性研究为主 ,定量研究较少。Var模型是国际上流行的并且是非常有效的风险计量和管理工具。在var模型的计算方法中 ,方差与协方差法 (Variance-covariancemethod)是一种简便易行的计算方法。运用Var模型中方差与协方差法计量开放式基金的风险可以从定量角度提供精确的风险值 ,对开放式基金风险的管理具有重要意义     

构建社会财富公平占有的和谐社会

通过分析财富占有不公对构建和谐社会的影响(其中涉及自然资源占有、使用不公、分配不公等现象),指出产生不公的原因,提出解决社会财富占有不公、促进社会和谐发展的措施。     

民族自决权：历史、现实及困境

20世纪90年代初以来席卷全球的第三次民族主义浪潮,对多民族国家的现代化进程以及当代国际关系格局产生了深远影响。在这次民族主义浪潮中,“民族自决权”是一个十分彰显的口号。然而,民族自决权在不同的时代、不同的国家有不同的理解与界定,模糊性、争议性极大。因此,我们有必要对民族自决权的内涵、演化及困境等作一些必要的了解。     

Did tax incentives play any part in increased giving?

Since 2000, increased taxation incentives along with other measures have been used by the government to encourage philanthropy in Australia. Since the new incentives were introduced, claimed gift tax deductions have increased. However, generally, donors are not aware of the new tax incentives for giving and in any case they report that their motivation for giving is not primarily, if at all, to obtain tax incentives. This article examines this paradox and seeks some possible explanations.     

老子名利观思想及其现实意义

通过道家思想与儒家思想的对比,阐述“老子思想”中的“功成身退”、“善利万物而不争”、“身重于物”的观点,突出老子名利观思想在现实生活中的社会意义和社会价值。     

Aging With Rising Risk: Have Older Households Experienced Faster-Growing Risk Exposure Than Younger Ones Since the 1990s?

Financial markets have been characterized by boom and bust cycles since the 1980s, while the responsibility for managing retirement wealth has increasingly shifted onto individual households at the same time. Policy makers and experts have expressed concern over rising risk exposure among older householders, who appear to be increasingly exposed to the growing financial risks just as they near retirement. We consider household data from the Federal Reserve’s Survey of Consumer Finances from 1989 to 2010 to analyze the correlation between age and risk exposure. We test whether older householders’ risk exposure has indeed grown over time, whether it has increased more than that of younger householders, whether changes in the demographic composition of older householders have contributed to older households’ rising risk exposure, and the degree to which increases in risk exposure can be traced to a growing concentration of household assets held in stocks and housing and to rising householder indebtedness. Our results indicate that risk exposure has grown more for older householders than for younger ones, that demographic changes among older householders have contributed to additional increases in older householders’ risk exposure, and that the growth of older householders’ risk exposure is driven more by rising risky asset concentration and less by greater indebtedness.     

论国际空难损害赔偿的国家责任

国际空难损害赔偿国家责任的存在具有正当性,禁止对民用航空器使用武力的国际法原则是基本要求,主权责任理论是国家责任承担的理论基础。马航MH17航班空难中,国际不法行为和损害后果在国家责任要件中是不容争议和辨驳的。国际空难可归因于国家的国际不法行为可包括一国武装力量的不当行为、一国国家航空器不当操作与他国民用航空器的相撞行为、一国不法分子对他国民用航空器的非法干扰行为、一国机关或个人的错误或失误行为、武装叛乱行为等,其中为武力袭击民航客机者提供武器装备的国家也具有一定条件下的可归责性。过错要件对于国际空难损害赔偿国家责任的方式和程度有重要影响。在不承认武装叛乱组织的国际法地位的前提下,乌克兰这个主权国家对马航MH17航班被导弹击落至少存在过失责任。国际空难损害赔偿国家责任虽有实现障碍,但依然有政治解决、国际诉讼和协商谈判的路径可寻。     

基于 BSC 的环保资金绩效审计评价指标体系构建

平衡计分卡（BSC）是一种以组织战略目标为中心、对绩效进行因果分析的审计评价技术,其因独特的优越性和实效性迅速成为学术界和实践派的宠儿,近年来对其研究和应用更是炙手可热。基于平衡计分卡的基本原理,结合环保资金绩效审计评价指标体系的特点,将平衡计分卡的指标内容和结构关系加以修正、整合和扩展,从财务、社会与公众、项目流程、学习和成长及可持续发展5个维度对环保资金绩效审计评价指标体系构建进行探索,并从评价方法、标准设定、权重赋值、加权计算、结果运用5个方面探讨了环保资金绩效审计评价指标体系的操作路径。     

我国社会养老保障替代率讨论

本文简要介绍了我国养老保障体系的构成框架 ,以及有关替代率的制度和理论界定 ,并对当前我国养老金替代率存在的几点问题进行了简要探讨     

财富与伦理关系初探

财富无伦理则盲,伦理无财富则空,二者离则两倾。由是,财富与伦理的和谐关系应是:财富给伦理丰厚的内容,伦理为财富规定方向,二者合则两美。在这种互动关系中,社会走向财富认同和文化认同的统一。