Growing awareness of Corporate Social Responsibility (CSR) is evident in the growth of international organizations and non-governmental organizations,which put their effort to force the corporate more responsible worl...Growing awareness of Corporate Social Responsibility (CSR) is evident in the growth of international organizations and non-governmental organizations,which put their effort to force the corporate more responsible worldwide.In China,more and more companies are also being forced to follow the CSR.In this paper, we develop a CSR appraisal system to guide Chinese private companies becoming more social responsible.The system includes 3 sub-systems focusing on economic,social,and environmental aspects of CSR.展开更多
The dramatic rise of house prices in many cities of China has brought huge attention from both the governmental and academic circles.There is a huge debate on whether the increasing house prices are driven by market f...The dramatic rise of house prices in many cities of China has brought huge attention from both the governmental and academic circles.There is a huge debate on whether the increasing house prices are driven by market fundamentals or just by speculation.Like Levin and Wright(1997a,1997b),we decompose house prices in China into fundamental and nonfundamental components and demonstrate that the nonfundamental prat contributes a relatively small proportion of the rise of house prices in China.展开更多
The house price in China has risen dramatically recently,which has brought huge attention from both the governmental and academic circles.The present paper constructs an early-warning model that is capable of forecast...The house price in China has risen dramatically recently,which has brought huge attention from both the governmental and academic circles.The present paper constructs an early-warning model that is capable of forecasting,and estimates the model using monthly Beijing data.We find that the current house price is closely related to the house price of last period and the house price of the same period last year;meanwhile,the house price is also influenced strongly by the land cost,vacancy area and disposable income of city residents,among other factors.The empirical analysis shows that the housing market in Beijing is basically normally developed.It was overheated in 1997, and in 2005 the house price was relatively high but not overheated.展开更多
文摘Growing awareness of Corporate Social Responsibility (CSR) is evident in the growth of international organizations and non-governmental organizations,which put their effort to force the corporate more responsible worldwide.In China,more and more companies are also being forced to follow the CSR.In this paper, we develop a CSR appraisal system to guide Chinese private companies becoming more social responsible.The system includes 3 sub-systems focusing on economic,social,and environmental aspects of CSR.
文摘The dramatic rise of house prices in many cities of China has brought huge attention from both the governmental and academic circles.There is a huge debate on whether the increasing house prices are driven by market fundamentals or just by speculation.Like Levin and Wright(1997a,1997b),we decompose house prices in China into fundamental and nonfundamental components and demonstrate that the nonfundamental prat contributes a relatively small proportion of the rise of house prices in China.
文摘The house price in China has risen dramatically recently,which has brought huge attention from both the governmental and academic circles.The present paper constructs an early-warning model that is capable of forecasting,and estimates the model using monthly Beijing data.We find that the current house price is closely related to the house price of last period and the house price of the same period last year;meanwhile,the house price is also influenced strongly by the land cost,vacancy area and disposable income of city residents,among other factors.The empirical analysis shows that the housing market in Beijing is basically normally developed.It was overheated in 1997, and in 2005 the house price was relatively high but not overheated.
