Risk and diversification of nonprofit revenue portfolios: Applying modern portfolio theory to nonprofit revenue management

This study uses modern portfolio theory (MPT) to estimate the risk of nonprofit revenue portfolios and examines to what degree the revenue concentration measure based on Herfindahl–Hirschman Index is associated with the portfolio risk measure based on MPT. The findings suggest that nonprofits with greater revenue concentration have lower revenue portfolio risk in the whole sample analysis. However, it is plausible that this result is dominated by organizations reliant on commercial income, which comprise over half of the sample. In fact, when examined separately, the relationship varies by an organization's primary funding structure. While higher revenue concentration is positively associated with portfolio risk for organizations relying on donations or those without a consistent primary funding source, it appears to associate with a lower portfolio risk for commercial organizations and those relying on government grants. This study reflects on the concept of diversification derived from portfolio theory and calls attention to a more nuanced approach to nonprofit revenue strategy.     

Subjective Quality of Life in Zhuhai City,South China: A Public Survey Using the International Wellbeing Index

The study of subjective quality of life and its connotations in the People’s Republic of China is at a preliminary stage. Although there is an emerging body of literature on this topic, there are few datasets representative of the general public, particularly in Mainland China. This paper reports the findings of a public survey (N = 449) conducted in Zhuhai City, South China using the International Wellbeing Index (IWI). There were four main aims: (1) to judge whether residents were satisfied with their lives; (2) to compare the data with recent findings from Hong Kong and Macau; (3) to investigate the equivalence of the IWI in terms of its psychometric properties; and (4) to determine the applicability of the ‘Theory of Homeostasis Wellbeing’. The data indicated a moderate level of personal (PWI score = 64.4.) and national (NWI score = 57.4) wellbeing, consistent with recent findings from Hong Kong and Macau. The PWI score was within the normative range for non-Western countries, which indicates that the residents were, on the whole, satisfied with their lives. Although previously reported objective measures of quality of life in Zhuhai are lower than in Hong Kong and Macau, this is not reflected in this study’s subjective measures. This finding was interpreted in terms of the ‘Theory of Subjective Wellbeing Homeostasis’, and the specific situation in Zhuhai, as there seems to be an absence of factors (i.e., no harsh economic or social situation) which could drive subjective wellbeing below normal. Last, that the IWI demonstrated good psychometric performance in terms of its reliability, validity, and sensitivity, and concurred with previous published reports, it seems that the scale’s robustness generalises to Chinese samples.     

The French Regions and Their Social Health

In this article, a new indicator designed to capture the multidimensionality of the social health of the French regions is put to the test. Drawing on regional data for 2004, this indicator of social health (ISH) sheds new light on the social performance of the French regions. The worst performers are the highly urbanised regions, whereas others, such as Limousin, turn out to perform well in social terms. Two or three regions remain stuck at the bottom of the table regardless of the indicator used. Nord-Pas-de-Calais and Languedoc-Roussillon, which bring up the rear in terms of gross disposable income (GDI) and gross domestic product (GDP) per capita, also record very mediocre scores for social health as measured by our ISH.

我国流动人口的流入地分布变动趋势研究

利用1982年以来的历次全国人口普查和1%人口抽样调查的数据,本文从区域、省份、城市等层面分析了流动人口流入地分布的变动趋势。流动人口的流入地分布呈现明显的集中趋势。从区域层面来说,流动人口越来越向东部地区集中,越来越向东部和南部沿海地区集中;从省级层面来说,流动人口越来越集中流向少数省份,前5个流动人口最多的省(市、区)吸纳了全国一半的流动人口;从城市层面来说,流动人口越来越集中流向少数城市,表现出突出的极化现象;进入新世纪以来,我国正在形成一个由35个左右城市构成的沿海城市带,它们吸收了全国半数以上的流动人口。流动人口流入地分布的这种集中趋势将会继续保持下去,此乃制定与流动人口相关政策和制度的基本出发点和前提。     

复合免疫刺激物——大肠杆菌苗的研制及效力测定

采用对比试验方法 ,以小白鼠为实验动物 ,进行了复合免疫刺激物———大肠杆菌苗的研制及效力测定。结果表明 :试验组菌苗的保护率为 84 .6 2 % ,高于对照组、氢氧化铝胶苗组 5 3.85 %(P <0 .0 5 )、蜂胶佐剂苗组 5 8.33% (P <0 .0 5 )、空白对照组 38.4 6 % (P <0 .0 1) ;试验组小白鼠的增重率为 2 7.5 2 % ,高于对照组氢氧化铝胶苗组 2 2 .31% (P <0 .0 1)、蜂胶佐剂苗组 2 3.98% (P <0 .0 1)、空白对照组 17.2 2 % (P <0 .0 1) ;试验组免疫器官指数为 8.0 1% ,高于空白对照组 7.6 7% (P <0 .0 1)与铝胶苗组 7.96 % (P >0 .0 5 )。表明该复合免疫刺激物———大肠杆菌苗的免疫效力较好 ,复合免疫刺激物具有较强的免疫增强力 ,是一种较好的免疫佐剂。     

What does Brunei teach us about using Human Development Index rankings as a policy tool?

The Bruneian Government has set an ambitious target to achieve a top 10 ranking on the United Nations Development Programme's (UNDP) Human Development Index (HDI) by 2035. To achieve its objective (described in a national strategy document called the Wawasan 2035), Brunei's economy needs to grow by 6% to 7%. Is setting an HDI target a good way to govern Brunei's policy‐making? Is it a good way to govern any country's policy‐making? In this article, we look at the role of HDI‐rank targets in economic and fiscal policy. We show that such a headline target (much like a profit target in a private company) automatically sets targets for growth in various economic sectors and fiscal policy targets. As such, HDI‐rank targeting may provide a useful mechanism for co‐ordinating development policies and for monitoring progress against a wide range of development goals using only one number.     

中国老年人虚弱指数与死亡风险及队列差异

利用中国老年人健康长寿影响因素调查（ CLHLS ）2002－2011年跟踪调查数据,通过多种健康指标构建中国老年人虚弱指数,运用增长曲线模型和Cox等比例风险函数的研究方法,对中国老年人虚弱指数和死亡风险及其队列差异进行了深入分析。研究发现,女性虚弱指数比男性高,增长速度也比男性快,但是死亡风险比男性低;出生较晚的队列与出生早的队列相比,虚弱指数会更高,他们的增长程度更快;受教育程度高的老年人虚弱指数低,但是其增长速度却比受教育程度低的老年人要高。     

The social benefits of water and sanitation projects in Northern Colombia: Cost‐Benefit Analysis,the Water Poverty Index and beyond

Water, and Sanitation projects play an important role in alleviating water‐related poverty in developing countries. There are several methodologies that will not only assess the performance of these projects but will also help to better identify the problem and its characteristics, and to improve the efficiency of the investment. The Water Poverty Index is one of them. It is a very useful tool that helps to measure water stress at the household level in a holistic way, and to identify priorities. It is important, however, to complement it with a Cost‐Benefit Analysis that will take into account the costs of the project. A case study in Northern Colombia illustrates this point.     

Predictors of treatment outcome in a child and adolescent psychiatry clinic: A naturalistic exploration

We present data on predictors of treatment outcome for 3200 consecutive referrals to a child and adolescent psychiatry clinic. Using Reliable Change Index (RCI) methodology, we divided children into those who, between intake and discharge, improved, stayed the same, or got worse according to clinician-rated impairment. Most predictors of improvement were related to parent variables (marital status, maternal anxiety, and ethnicity), while those associated with deterioration were tied to child status (extent of psychiatric comorbidity, history of placement in a self-contained classroom, and a prior trial of psychotropic medications). The implications of these findings for data-driven program development, clinic management, treatment planning, and systems of care are discussed.     

基于“健康中国2020”目标的二维人口健康不公平指数研究

目的：本研究基于“健康中国2020战略”,旨在开发一种可综合评价人口健康公平性的二维指数。这里将公平性定位于“人口健康产出的平等”。方法：应用生态学研究、因子分析等方法对中国31个省、自治区和直辖市的人口健康不公平指数进行测算。之后。对健康不公平指数的信度和效度进行检验。资料主要来源于2003年国家卫生服务调查数据。结果：由8个变量合成的中国人口健康不公平指数（IHI）的中住数为0．27838π（范围：0π～0．39002π）。该指数具有较高的内部一致性（Cronbach α系数＝0．8304）和信度（Spearman相关系数〉0．8．P〈0．05）。IHI与社会剥夺指数（Spearman相关系数＝0．731,P〈0．05）、期望寿命（Spearman相关系数＝-0．569,P〈0．05）和基尼系数（Spearman相关系数=0．805。P〈0．05）间具有较好的相关性。结论：IHI是一种二维、具有较好信度和效度的监测“健康中国2020”战略的指数．它与基尼系数相比在对人口健康公平性的综合评估方面更具优势。该指数还可应用于政策干预效果评价、弱势群体的确定及卫生资源分配等领域。