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担保关联与企业财务脆弱性的调节效应分析
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作者 吕静 张成鹏 王营 《金融发展研究》 北大核心 2022年第6期22-30,共9页
以2008—2018年非金融类上市公司为例,采用固定效应模型,探究担保关联对企业财务脆弱性的影响及存在的调节效应。从网络关联性出发,研究表明:无论是担保网络中一般企业关联程度的增加还是核心企业中心性的增加,都会导致企业财务脆弱性增... 以2008—2018年非金融类上市公司为例,采用固定效应模型,探究担保关联对企业财务脆弱性的影响及存在的调节效应。从网络关联性出发,研究表明:无论是担保网络中一般企业关联程度的增加还是核心企业中心性的增加,都会导致企业财务脆弱性增加,担保关联与企业财务脆弱性正相关。担保关联对企业财务脆弱性的作用过程存在调节效应,微观层面表现为一般企业债务水平或面临的融资约束增加时,加剧担保关联对其财务脆弱性的影响;但是对于担保网络中的核心企业而言,仅存在融资约束对二者关系的调节效应。 展开更多
关键词 担保关联 财务脆弱性 融资约束 债务水平
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Game theory based finite-time formation control using artificial potentials for tethered space net robot
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作者 Yifeng MA Yizhai ZHANG +2 位作者 Panfeng HUANG Ya LIU Fan ZHANG 《Chinese Journal of Aeronautics》 SCIE EI CAS CSCD 2024年第8期358-372,共15页
The Tethered Space Net Robot(TSNR)is an innovative solution for active space debris capture and removal.Its large envelope and simple capture method make it an attractive option for this task.However,capturing maneuve... The Tethered Space Net Robot(TSNR)is an innovative solution for active space debris capture and removal.Its large envelope and simple capture method make it an attractive option for this task.However,capturing maneuverable debris with the flexible and elastic underactuated net poses significant challenges.To address this,a novel formation control method for the TSNR is proposed through the integration of differential game theory and robust adaptive control in this paper.Specifically,the trajectory of the TSNR is obtained through the solution of a real-time feedback pursuit-evasion game with a dynamic target,where the primary condition is to ensure the stability of the TSNR.Furthermore,to minimize tracking errors and maintain a specific configuration,a robust adaptive formation control scheme with Artificial Potential Field(APF)based on a Finite-Time Convergent Extended State Observer(FTCESO)is investigated.The proposed control method has a key advantage in suppressing complex oscillations by a new adaptive law,thus precisely maintaining the configuration.Finally,numerical simulations are performed to demonstrate the effectiveness of the proposed scheme. 展开更多
关键词 Game theory Formation control Artificial potential field Relative distance constraint Tethered space net robot(TSNR)
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