2005, Vol. 18 No.3
Publication date: 25 September 2005
This paper analyzes the advantages and disadvantages of various project-financi ng models on the basis of the fund urge of the infrastructure in Beijing Olympic s and the great development potential of the project financing market.After hie rarchically discussing the available financing models of the Beijing Olympics in frastructure, the paper offers some relevant advice.
Rationality represents the maturity of a stock market.In this paper, the author applies co-integration theory to the analysis of specific securities instead of index and finds no co-integrative relation between prices and returns of companies' management.On the basis of this empirical study, the author concludes that the stock market can not reflect the real economy of the company and the behavior of investors is therefore unreasonable.
This paper introduces an option-theoretical approach to value illiquidity securities discount and makes an empirical study about the close-ended fund discount by using a back-looking option to describe a simple analytical upper boundary on the cost of illiquidity.The authors expect to provide a benchmark for assessing the potential costs from non-marketability and thinly-traded market.
Studying the boom and analyzing the features of the fifth global enterprises' M& A, the authors have found the hidden common motive——to construct or promote co re competence.On this basis, the authors present the idea that there are unique advantages to choosing M&A as a strategy, and the early-stage choice and later -stage integration can both determine the result of the construction or promoti on of core competence.
This paper analyzes the imbalance of regional development of domestic insurance market and the impact of economic growth on the development of insurance market in China.Employing the quantitative analytical method, the authors study the re lationship between the imbalance of regional development of insurance market and that of economic growth.Based on the available data, the paper discusses the p roblems with insurance market in China and puts forward some solutions.
The emergence of virtual economy is an important feature of the present era, but its academic understanding has been confined to that of finance.Therefore, the emergence is a new challenge to the traditional analysis of attributes of commo dity and essence of wealth.To have a better understanding, it is necessary for us to review the attributes of commodity, value rules, and essences of wealth, t o explore the developmental laws from a broader perspective and research methodo logy by combining historical and logical viewpoints described by Marx.On this b asis, the author believes that the importance of studying virtual economy lies i n the establishment of a new perspective rather than in the field-division of e conomic activities, arguing that the transformation of thinking patterns is very important for doing economic jobs, and the objectives of studying virtual econo my are to enlighten people of industrial and post-industrial eras who may creat e and exchange virtual value to satisfy people's psychological needs, so the res ult may be that the circulation of wealth is promoted and economical laws will b e well understood.In conclusion, the author comes up with some ideas to analyze virtual economy and establish a framework of broad virtual economy, and expand the strategic understanding of China's development in the new century.
The information technology has been severely influencing the spatial-temporal c oncept of the social humanity, leading to the complete transformation and redef inition of the whole financial system for the maintenance of financial progress is entirely dependent on computers and network. This paper analyses the characte ristics, content and objectives of college financial management in information age, puts forward strategies of the realization of these objectives and points out that the effective management depends on financial controlling ubiquitous in the whole process of the management.
By digesting the rational content of western traditional ideas of subjectivity a nd criticizing its basis of idealism, Carl Marx discovered the nature of subject ivity.His theory is characterized with the argument that the fundamental source of subjectivity stems from social practice.Reviewing the theories of the past, the author attempts at a new access to the theory of subjectivity and the relat ionship between man's subjective construction and social-economical development with the purpose of finding a new practical foundation for this theory.
Considered as an integral part of ecology, eco-ethics represents the philosophi cal reflection of the academic community about the ecology of human existence.S ince its establishment, eco-ethics has produced a series of valuable results an d performed a positive role in keeping ecological balance and environment protec tion, and the areas and subjects involved have drawn world-wide attention.Of a ll the subjects, the standard and philosophy fix of eco-ethics and its value sub ject has become the core.
This paper starts from the essence of socialism proposed by Deng Xiaoping, makes a brief analysis of the trend of productive force by referring to Marx's argume nts, and draws the conclusion that the development of socialist productive force can not only create abundant social wealth, but also lay the foundation for the termination of capitalism."The Principles of Three Representations" demands an advanced productive force of the CPC, which can be interpreted as the develop ing demand to laborers of advanced productive force.
On the basis of the idea that the capital of media monopoly is the material foun dation for this global phenomenon, this paper analyses the impacts of global com munication on the local culture.The author argues that the integration of new c ommunicative techniques and global communication have brought about a new world of image, which changes the traditional concept of time-space and geography.Th e significance of local cultures lies in their distinctive features and uniquene ss, whose openness contributes to their vitality in the global-local nexus.The interaction between culture and communication inevitably results in cultural sh ift and offers more opportunities/access to others' values, hence the cultural c onvergence of general values on the basis of understanding and selection.
The ideas of Western human rights and the doctrine of power separation are the l ogical origins of the constitutional supervision in Europe, whose fundamental th eories of systems and the process of model-choosing may set examples for others countries.The German and French models are of significance to China, and on th ese bases, the author argues that the French model is of particular feasibility for the establishment of constitutional supervision in China.
The features of transaction vary from real estate to vehicles and other personal belongings, so does the mortgages efficacy of these items.Mortgages efficacy o f claim is constrained by safety of transaction and cant not surpass subrogation of mortgage.
Why did John Berryman commit suicide? The answer can be found in The Dream Songs .In his life, Berryman was frequently haunted by agony, desperation, horror, fe ars, and painful memories.The strongest feeling he had was the sense of loss: h is father's suicide, his friends' tragic death, his own bad relationship with hi s wife, his lover's betrayal, his emotional trauma and mental distress all made him collapse into depression.Berryman's life was filled with unpurified passion and energy, which, like a tight bowstring, put him into a so intense psychologi cal and emotional stress which finally proved to be more than he could bear.
There is a strong emotional inclination of virginity in Fei Ming's stories, whic h results from the natural affinity between his literary creativity and ideas, m anifesting his unique pursuit of life and religious devotion.
From the perspective of scientific English, this paper attempts to generalize so me morphological and etymological principles of word formation, and predicts the future development.
J.M.(Juris Master speciality degree education) is intended to produce composit e talents of higher level and applied law theories.The comparison reveals some common features between American J.D and China's J.M, and some imperfections wi th China's J.M.system.With America's J.D.system, there are a lot of such ar eas as curriculum setting, teaching measures, social practices and so on which C hina should draw on.On the basis of a case study, the author makes the comparis on and puts forward some suggestions.
Establishing the system of attracting and training talents is the foundation for staff construction, in which the key point is an effective regulation of human resources and the necessity of creating a better environment for talent growth. For the purpose of constructing a research-oriented university, this paper atte mpts at some methods of creating a favorable environment from the perspectives o f a multi-factor employment, position setting at different levels, enhancement of evaluating teachers and furthering the reform of distribution and the managem ent mechanism of the departments.
With the university education becoming more and more popular in China, graduates find it rather difficult to find a desirable job while employers complain that the graduates lack professional competence.The study suggests that a key reason for this phenomenon is that the university students can not be, by the traditio nal teaching methods, properly trained to the employers' requirements.Therefore , this paper introduces the customer-oriented concept from Marketing into the t eaching process in university education and proves that the practice based-on c onstructivism is appreciated by both the university students and the employers.