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2013 International Conference on Management Science and Engineering 20th Annual Conference Proceedings最新文献

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Calculation and empirical study of dynamic liquidity risk based on the generalized error distribution (ged)-garch model 基于广义误差分布-garch模型的动态流动性风险计算与实证研究
Fu Shu-huan, Cao Jia-he
The traditional VaR ignores the existence of liquidity risk, with assuming trade is frictionless. The studies of the liquidity risk are mostly static. From the view of time-varying point, this paper put forward the concept of dynamic liquidity risk, based on the improved bid-ask spread model for taking into account the endogenous and exogenous liquidity risk. The dynamic liquidity risk was carried out by the GED-GARCH model, and the empirical study show that the method can accurately measure the dynamic liquidity risk.
传统的VaR忽略了流动性风险的存在,假设交易是无摩擦的。对流动性风险的研究大多是静态的。本文从时变的角度出发,在考虑内生和外生流动性风险的改进买卖价差模型的基础上,提出了动态流动性风险的概念。运用GED-GARCH模型对动态流动性风险进行测度,实证研究表明,该方法能够准确测度动态流动性风险。
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引用次数: 0
The effects of public expenditure on poverty in rural China — A simulated general equilibrium approach 公共支出对中国农村贫困的影响——一个模拟一般均衡方法
Wang Yi-bing, Ma Xiao-yun
This paper analyzes the effects of public expenditure on poverty in different regions of rural China. A simulated general equilibrium model is used to examine the effects of government actions on the rural poor populations' welfare. The data used in this paper are available from the China's National Bureau of Statistics. The results of this study indicate that the economic growth in China is pro-poor no matter whatever simulation scenario is adopted. The public expenditures from the governments made significant contribution to the reduction of poverty severity in rural China. In other words, the poor in rural China benefited from fruits of the economic growth induced by the public expenditures. However not all the regions have profited uniformly from the economic growth.
本文分析了公共支出对中国不同地区农村贫困的影响。本文采用一个模拟的一般均衡模型来考察政府行为对农村贫困人口福利的影响。本文使用的数据来自中国国家统计局。研究结果表明,无论采用何种模拟情景,中国的经济增长都是有利于贫困人口的。政府的公共支出对减轻中国农村的贫困程度作出了重大贡献。换句话说,中国农村的穷人受益于公共支出带来的经济增长的成果。然而,并非所有地区都从经济增长中获得了一致的收益。
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引用次数: 0
Improvement of relational two-stage DEA model under fuzzy chance constraints 模糊机会约束下关系两阶段DEA模型的改进
Sun Bai-qing, Qin Yue, X. Shan
Two-stage chain system widely exists in the production and management processes. It is has a great research meaning of its efficiency evaluation. This paper improves the relational two-stage DEA model by fuzzy chance constraints, constructs a relational two-stage DEA model that can deal with the fuzzy uncertainty and suit to small samples, and transforms the model into a certainty equivalent linear model to simplify the programming solving. The results of this study can be applied to many chain system efficiency evaluation researches to deal with the fuzziness of the complex economic system. Besides, the mistaken of efficiency overestimated because of the insufficiency of sample data can be fixed by the improved model. Thereby, the accuracy and precision of efficiency evaluation can be enhanced and improved. An example of commercial banks is given to show the model application.
两级链系统广泛存在于生产管理过程中。对其效率评价具有重要的研究意义。本文利用模糊机会约束对关系两阶段DEA模型进行改进,构造了一个既能处理模糊不确定性又适合小样本的关系两阶段DEA模型,并将模型转化为确定性等效线性模型,简化了规划求解。本文的研究结果可应用于许多连锁系统效率评价研究,以处理复杂经济系统的模糊性。此外,改进的模型还可以修正由于样本数据不足而导致效率高估的错误。从而提高和提高效率评价的准确性和精密度。最后以商业银行为例说明了模型的应用。
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引用次数: 2
The effect of grain subsidies on the production and farmers' income in China 中国粮食补贴对生产和农民收入的影响
Li Xiao-nan, L. Rui
In this paper, we examine if China's grain subsidies improve the output of grain and the agricultural income of farmers using our collected rural household survey data from 10 provinces. We construct the production function to estimate the effect of four types of subsidies on the grain output and find that quality seed subsidy can increase the wheat output, input subsidy can increase the production of rice and the grain subsidies can increase in production of corn except agricultural machinery. We obtain the treatment effect on the agricultural income by propensity score matching method. It is not the same as previous and shows that the four types of the grain subsidies are not associated with agricultural income of household.
本文利用收集的10个省份的农户调查数据,考察了中国的粮食补贴是否提高了粮食产量和农民的农业收入。构建生产函数估计四种补贴对粮食产量的影响,发现优质种子补贴能提高小麦产量,投入补贴能提高水稻产量,粮食补贴能提高除农机外玉米产量。我们用倾向得分匹配法得到了对农业收入的处理效果。结果表明,四种粮食补贴类型与农户农业收入之间没有相关性。
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引用次数: 5
Sentiment analysis of Sina Weibo based on semantic sentiment space model 基于语义情感空间模型的新浪微博情感分析
Huang He
With the rapid development of Web 2.0, more and more people begin to publish information or their custom opinions on the Internet. Micro-blog's application satisfies people's need and provides a public platform for people to post and interact in real time. As a result of the rapidly increasing number of micro-blog updates, a lot of information and emotions complex data release in this platform, researches on micro-blog have attracted more and more attention, especially, one continuous heat topic, sentiment analysis of short message. So far, Chinese micro-blog exploration still needs lots of further work. Focus on Sina Weibo's sentiment analysis, the key of this paper is to put forward three methods of Micro-Blog orientation classification to resolve the problem of Micro-Blog sentiment analysis, and compare the accuracy and performance of each classification method.
随着Web 2.0的飞速发展,越来越多的人开始在互联网上发布自己的信息或个人意见。微博的应用满足了人们的需求,为人们提供了一个实时发布和互动的公共平台。随着微博更新量的快速增长,大量信息和情感复杂数据在微博平台上发布,微博的研究越来越受到人们的关注,尤其是一个持续的热点话题——短信情感分析。到目前为止,中国的微博探索还有很多工作要做。本文以新浪微博的情感分析为研究对象,提出了三种微博定向分类方法来解决微博情感分析问题,并对每种分类方法的准确率和性能进行了比较。
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引用次数: 18
Balancing potential and realized absorptive capacities to enhance firms' innovation and financial performance 平衡潜在吸收能力和已实现吸收能力,提高企业创新和财务绩效
Chen Yin, Er-ming Xu
This study takes firms' absorptive capacity as a multi-dimensional construct consisting two capability subsetspotential and realized absorptive capacities. Instead of studying their individual impact on organizational performance as most previous studies do, we study how their relative magnitude (trade-offs) and combined magnitude (interaction) affect innovation and financial performance, and their variations at different levels of market competitiveness. We use the survey method and empirically prove that the relative magnitude of absorptive capacity can significantly affect firms' innovation activities in highly competitive markets, whereas the combined magnitude can enhance firms' financial performance in the absence of intense competition. Our perspective provides a more nuanced view of organizational learning. It is consistent with the latest theoretical trend in absorptive capacity studies where the focus has shifted from the static and simplistic view to the dynamic perspective that emphasizes “balancing”, “trade-off”, and “interaction”.
本研究将企业吸收能力视为一个多维结构,包括两个能力子集:潜在吸收能力和已实现吸收能力。与以往大多数研究不同的是,我们研究了它们的相对量级(权衡)和综合量级(相互作用)如何影响创新和财务绩效,以及它们在不同市场竞争力水平上的变化。运用调查方法实证证明,在竞争激烈的市场中,吸收能力的相对大小对企业的创新活动有显著影响,而在竞争不激烈的市场中,吸收能力的综合大小对企业的财务绩效有显著影响。我们的观点为组织学习提供了更细致入微的观点。这与吸收能力研究的最新理论趋势是一致的,即从静态和简单化的观点转向强调“平衡”、“权衡”和“相互作用”的动态观点。
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引用次数: 0
Attitude transfer and brand extension evaluation: Exploring the influence of self-construal and parent brand's culture specificity 态度迁移与品牌延伸评价:自我建构与母品牌文化特质的影响
Zhu Zhi-wen, Zhang Lin
Using self-construal (Independent self vs. Interdependent self) as the individual level variable standing for culture, this research investigates the effects of culture and parent brands' culture specific associations on brand extension evaluation at the individual level. Experiment 1 finds that brand extensions extended by brands with high culture specific associations lead to more favorable attitudes for individuals with the target self-construal relative to a nontarget self-construal, while brand extensions extended by brands with low culture specific associations lead to more attitudinal similarities across self-construals. We further explores the extent to which differences in perceived diagnosticity as compared with differences in the accessibility of parent brands' associations better account for the attitudinal differences. Experiment 2 explores the two alternative (accessibility vs. diagnosticity) explanations for these effects of parent brands' attitude transfer process. The evidence is more supportive of the differential accessibility explanation. That is, high culture specific associations of the parent brands may be valued for individuals with the nontarget self-construal but are relatively inaccessible in their memory. The results of the two experiments help to reconcile conflicting findings in the brand extension literature, shed insight on why and how cultural differences might influence brand extension evaluation at the individual level.
本研究以自我建构(独立自我与相互依存自我)作为代表文化的个体水平变量,在个体水平上考察了文化与母品牌的文化特异性联想对品牌延伸评价的影响。实验1发现,高文化特异性联想品牌的品牌延伸导致目标自我解释个体的态度比非目标自我解释更有利,而低文化特异性联想品牌的品牌延伸导致不同自我解释的态度更相似。我们进一步探讨了感知诊断性的差异与母品牌联想可及性的差异在多大程度上能更好地解释态度差异。实验2探讨了母品牌态度迁移效应的两种解释(可及性和诊断性)。证据更支持差异可及性解释。也就是说,对于具有非目标自我解释的个体来说,母品牌的高度文化特异性联想可能是有价值的,但在他们的记忆中相对难以获得。这两个实验的结果有助于调和品牌延伸文献中相互矛盾的发现,揭示文化差异为什么以及如何影响个人层面的品牌延伸评估。
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引用次数: 0
Empirical research on the relationship of CSR and CFP based investors' reaction: Evidence form Chinese stock market 基于财务绩效的企业社会责任与投资者反应关系的实证研究:来自中国股市的证据
Zhang Liang, Wang Tie-nan
Following the instrumental stakeholder theory, we present hypotheses about the relationship of CSR and CFP based investors' reaction. This research reveals that investors can declare their attitude to CSR by buying or selling stocks of companies which taken CSR actions, and these investors' behaviors can affect CFP. In the part of empirical research, we take the publications of South Weekend CSR ranking as focal event and examine hypotheses by the method of event study. The results of data analysis show that investors' attitude to CSR is positive and the companies which engage in CSR action will be rewarded by investors through abnormal returns in stock price. The empirical results support the hypothesis that CSR can affect CFP positively through investors' reaction.
根据工具利益相关者理论,我们提出了基于企业社会责任和财务绩效的投资者反应之间关系的假设。本研究发现,投资者可以通过购买或出售采取企业社会责任行动的公司的股票来表达他们对企业社会责任的态度,这些投资者的行为会影响CFP。在实证研究部分,我们以《南方周末》企业社会责任排名刊物为焦点事件,采用事件研究法检验假设。数据分析结果表明,投资者对企业社会责任的态度是积极的,参与企业社会责任行动的公司将通过股价的异常回报获得投资者的奖励。实证结果支持企业社会责任通过投资者的反应对财务绩效产生正向影响的假设。
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引用次数: 1
The role of transitivity on the intra-team knowledge transfer 传递性在团队内部知识转移中的作用
Miao-miao Li, Wei Jun
Based on the social capital theory, this article explored the influencing factors during the process of knowledge transfer in the use of multiple regression models, empirically examined the mediating role of social network transitivity between team diversity and intra-team knowledge transfer within enterprises. Research process undertaken based on the training, a total of 92 teams with 1159 individuals who came from a China bank participated the survey. The results showed that team diversity has a significant influence on the transitivity. Different types of diversity generate different effects on the transitivity. The transitivity played the mediating role between team diversity and knowledge transfer. Finally, this paper discussed the findings.
本文基于社会资本理论,运用多元回归模型探讨了企业内部知识转移过程中的影响因素,实证检验了社会网络传递性在团队多样性与团队内部知识转移之间的中介作用。在培训的基础上开展的调研过程中,共有来自某中资银行的92个团队1159人参与了调研。结果表明,团队多样性对传递性有显著影响。不同类型的多样性对及物性产生不同的影响。传递性在团队多样性与知识转移之间起中介作用。最后,本文对研究结果进行了讨论。
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引用次数: 1
A longitudinal analysis to the effect of real estate regulation policies in China: Evidence from microscopic perspective 中国房地产调控政策效果的纵向分析:来自微观视角的证据
Zhang Yuan, Wu Yong-xiang
This paper tries to study the effect of real estate regulation policies longitudinally since China's housing system reform from the year 1998 from microscopic perspective. We established four Cox models, in which the time interval between interviewee's first job to his/her first homeownership was considered as the survival time; the monetary policies, tax policies, land policies and individual's social economic attributes were considered as covariates. The microdata from questionnaires in Harbin and macrostatistics from statistics authorities were adopted to estimate the model. We found that the adjustment of interest rate would influence the behaviors of potential home buyers. The raise of interest rate would reduce their home buying probabilities at each time point. The implementation of restraining business tax policies on house transfer stage would restrain the behaviors of first home buyers in the same year and one year later. The encouraging business tax policies' positive effect appears one year later while plays a negative role in the same year. On land policies, the result showed that the acceleration of land supply would push the potential home buyers to trade, but contrary. Differentiated credit loan policy can protect the first time house buyers' benefit effectively. The raise of concessionary proportion of first house's loan interest rate for the first house positively influences the interviewees' probability of first homeownership. Therefore we suggest that the government should continue to implement and deepen the differentiated credit loan policy, ensure the level of housing land supply, but implement the policy of transitional tax with caution, preventing the cost transferred.
本文试图从微观角度对1998年中国住房制度改革以来房地产调控政策的效果进行纵向研究。我们建立了四个Cox模型,其中以受访者第一份工作到其第一套住房的时间间隔作为生存时间;将货币政策、税收政策、土地政策和个人社会经济属性作为协变量。采用哈尔滨市调查问卷的微观数据和统计机构的宏观数据对模型进行估计。我们发现利率的调整会影响潜在购房者的行为。利率的提高会降低他们在每个时间点的购房概率。房屋转让阶段营业税抑制政策的实施将抑制当年和一年后首次购房者的行为。鼓励性营业税政策的积极作用在一年后显现,而在当年则产生消极作用。在土地政策方面,研究结果表明,土地供应的加速将推动潜在购房者进行交易,但相反。差别化信贷政策可以有效地保护首次购房者的利益。首套房贷款利率优惠比例的提高对受访者的首套房拥有概率有正向影响。因此,我们建议政府继续实施和深化差别化信贷政策,保证住房用地供应水平,但谨慎实施过渡性税收政策,防止成本转移。
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引用次数: 1
期刊
2013 International Conference on Management Science and Engineering 20th Annual Conference Proceedings
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