Private Ownership versus Institutional Ownership: Exclusion Pricing of Initial Public Offerings

The authors examine the literature with respect to the pricing of initial public offerings and focus upon the relationship of pricing to the structure and conduct of the investment banking industry. Using a data base of all share offerings undertaken in the United States over a two and a half year period, the authors find that there is considerable evidence for the proposition that large, prestigious, and well capitalised investment banks tend to price their share offerings at a higher absolute level than those not meeting such characteristics. Using classical statistical methods, the authors find that the pricing strategy of investment banks is connected to their affiliation with investment funds and unit trusts. The motives for such pricing strategies, the authors argue, lie with the affiliation of investment banks with investment funds, suggesting that the pricing of new share offerings may be a means of excluding retail investors from participating in the strong returns such issues exhibit. The authors raise legal and regulatory implications of their findings in the context of the general consolidation observed within the investment banking industry. This revised version was published online in July 2006 with corrections to the Cover Date.     

波普尔政治哲学的方法及其困境

波普尔政治哲学的方法论个人主义认为,社会制度和社会进程必须依照个人及其关系和行为的无意识结果来阐释.他企图以这种方法论去取代、吞噬马克思社会理论的方法论整体主义.但是,个人主义方法作为一种意识形态的方法论论证模式,在与马克思的唯物史观对抗中已经出现逻辑上的混乱,因而使自身置于不能自拔的困境之中.波普尔方法论个人主义陷入困境的全部症结在于其原子式个人主义的哲学根基,原子式个人主义暴露了沉沦于现代形而上学建制的自由主义理念的弊病和根本缺陷.马克思对现代形而上学的批判,宣告了波普尔政治哲学方法论的终结.     

Assessing mental health and service needs among refugees in Malaysia

Refugees in Malaysia often experience economic insecurity and poverty, poor health, poor mental wellbeing and limited legal rights. Using a survey with quantitative measures and open‐ended questions, we assessed socio‐demographic characteristics, mental health (RHS‐15), and service needs, including interest in group support services, among 86 Dari‐ and Arabic‐speaking refugees living in Kuala Lumpur. High levels of emotional distress were found, as nearly all participants scored positive for distress and average scores were 2.5 times above the cut‐off signifying distress. Distress scores did not vary based on most factors examined, although being married was associated with lower levels of distress. All but one participant expressed interest in participating in a support group. Barriers to potential participation included childcare, sickness and transportation. Additional mental health and social supports are needed among refugees residing in Malaysia. Key Practitioner Message: ? Emotional distress is high among Dari‐ and Arabic‐speaking refugees sampled in Malaysia; ? Participants expressed strong interest in accessing supportive mental health services, including group supports.     

浅析制约“三农”发展的瓶颈及对策

农业、农村、农民的"三农"问题是我国全面建设小康社会,实现国家现代化的关键.但是目前我国农业自然资源流失严重,农村人力资源开发滞后,公共物品资源匮乏,农业投入不足,这些是制约我国"三农"发展的瓶颈.在全面建设小康社会的新阶段,我们必须依据中国农业、农村、农民的实际情况,制定合理的应对措施,寻求一条工农互补、城乡统筹的可持续发展道路,突破制约"三农"发展的瓶颈,妥善解决制约我国经济发展和社会稳定的"三农"问题.     

Time,housework, and the rest of life

Although time envelops all human activities, only now are social scientists giving attention to this variable. Analysis of how American people spent their time in 1965, 1975, and 1985 from national time-diary studies suggests several current beliefs and conclusions that appear misguided or unsupported. Extending the scope of the discussion to include other aspects of peoples' lives (output, satisfactions) suggests ways in which different allocations of time to activities do and do not reflect the value people place on different groups of activities (i.e., lifestyles). Changes in these indicators of social-psychological life over time are needed to help interpret straightforward data on how people spend time.His research interests include social science measurement and methods as well as the impact of technology on social trends. He received his Ph.D. in Sociology and Mathematical Psychology from the University of Michigan.     

关于“和平与发展”的方法论辨析

正确、全面地认识和把握作为时代主题的“和平与发展”,是我们对一切重大社会问题进行系统研究的一个重要关节点。作为时代主题的“和平与发展”有三重规定:“和平与发展”是当代世界人类直接追求的目标和当代世界发展的潮流和趋势;“和平与发展”是在一定限度内存在着的事实;“和平与发展”是一个特定的实现过程。这三重规定既有区别又有联系。正确、全面地把握“和平与发展”这三重规定间的辩证关系,有助于澄清目前学术界在有关时代问题研究中所存在的种种模糊的或不准确的认识,科学认识社会主义中国“和平崛起”的社会发展战略,准确把握社会主义国家在以“和平与发展”为主题时代中发展的特点。     

罗亦农关于农民问题的理论与实践探析

农民问题是中国革命的基本问题。中国共产党人抓住了中国革命的基本问题,从而正确把握了中国革命的前途和方向。罗亦农是较早重视农民问题的中共早期领导人之一,他在理论与实践两方面都对农民问题进行了探索,最终形成了一系列关于农民问题的独特思考和认识。罗亦农对农民问题的探索与实践,在今天仍然有着重要的时代价值,启示我们在推进乡村振兴工作中,必须坚持党的领导,重视农村文化建设,促进农村文化振兴,坚持人民利益至上,保障和改善民生。     

农民工返乡创业与乡村振兴的联动机制: 逻辑前提、堵点及疏通路径

解决三农问题是全党工作的重中之重,新发展阶段农民创业的环境日趋优化。 宏观大局动因、 中观市场动因、微观协同动因构成了农民工返乡创业与乡村振兴联动机制的逻辑前提。 但在乡村振兴战 略背景下,农民工返乡创业仍存在许多问题。 从总体上观察,农民工返乡创业政策信息知晓率低、农民工 返乡创业资金匮乏、农民工自身能力不足、农村缺乏良好的创业环境构成了当前农民工返乡创业与乡村 振兴联动机制的堵点。 在新发展阶段农民工返乡创业与乡村振兴的联动机制优化路径主要有:加大返乡 农民工创业政策宣传力度,提高农民工政策知晓率;拓宽农民工返乡创业融资渠道,提高农民工返乡创业 意愿;加强农民工创新创业培训,提升返乡创业农民工综合素质;营造良好的创业环境,提高农民工返乡 创业意愿。     

发达国家农村社会工作研究及启示意义

在美国等发达国家,虽说社会工作在百余年的发展中取得了显著的成就,然而农村社会工作却经历了曲折的发展历程,甚至一度中断于美国,后来又处于边缘化发展状态。近年来,随着英国、加拿大、澳大利亚等国家农村社会问题的不断凸显,农村社会工作又重新进入研究者的视域,并且呈现出良好的发展势头。本文旨在梳理农村社会工作在发达国家的发展历史,研究领域,遭遇的现实问题以及研究视角的转向,期望对中国农村社会工作发展有所启示,使之与城市社会工作能够均衡发展,相得益彰,共同应对中国社会急剧变迁过程中所浮现的重大社会问题。