In order to get the price of a contingent claim with random interval payoff, a concept of fair price was proposed based on weighted expected utility maximization. After setting up a programming model of maximizing the...In order to get the price of a contingent claim with random interval payoff, a concept of fair price was proposed based on weighted expected utility maximization. After setting up a programming model of maximizing the weighted expected utility involving basic securities and contingent claim,and using techniques in optimization analysis,explicit expressions of the fair price interval for a contingent claim were derived. Relations between acceptable price interval and fair price interval were discussed. It is shown that all fair prices fit the demand for acceptability of a market.展开更多
Big data has been taken as a Chinese national strategy in order to satisfy the developments of the social and economic requirements and the development of new information technology. The prosperity of big data brings ...Big data has been taken as a Chinese national strategy in order to satisfy the developments of the social and economic requirements and the development of new information technology. The prosperity of big data brings not only convenience to people's daily life and more opportunities to enterprises, but more challenges with information security as well. This paper has a research on new types and features of information security issues in the age of big data, and puts forward the solutions for the above issues: build up the big data security management platform, set up the establishment of information security system and implement relevant laws and regulations.展开更多
The golden period of the development of China's overseas trades is most significant in the Song Dynasty, which established the legal mechanisms of the overseas trades with the perfect systems. These legal regulations...The golden period of the development of China's overseas trades is most significant in the Song Dynasty, which established the legal mechanisms of the overseas trades with the perfect systems. These legal regulations made clear the subjects of the overseas trade to a large extent, stipulated the procedures for the overseas trade, and at the same time, established the related legal liabilities and regulation means and methods of the governments. Although it met the huge demands of the development of the foreign trade, and had brought the economic income for the governments, yet because the governments had adopted the strict control measures, to a certain extent, it also restricted the rapid development of the foreign trade. This paper starts from the analysis of the legal subjects of the overseas trade in the Song Dynasty, and conducted the specific analysis of the trade procedures and other related contents of the legal systems of the overseas trade in the Song Dynasty.展开更多
This study seeks to explore the impact of the Environment Management Act (EMA) (2005) on the accountability of three companies in Fiji. The study uses a multi-case study approach based on three subsidiaries of a c...This study seeks to explore the impact of the Environment Management Act (EMA) (2005) on the accountability of three companies in Fiji. The study uses a multi-case study approach based on three subsidiaries of a conglomerate. Data collection methods include semi-structured interviews with accountants, internal auditors, and environmental officers, document reviews, and content analysis of annual reports and websites of the respective companies. The findings suggest that the EMA (2005) had some effects in terms of engendering accountability on the companies studied. Further evidence suggests that while this increased accountability has led to disclosures in annual reports and websites, these disclosures are minimal at best; furthermore, they primarily address that the stakeholder group comprised government regulatory authorities. The study provides policy implications on how environmental legislations could be designed to improve the accountability of commercial entities in developing economies. The experience and issues highlighted are also useful to other developing economies who are contemplating in developing their own environmental legislations. This paper is one of the few papers that explore the impact of environmental legislations on accountability in a developing economy context.展开更多
China' s rapid economic development in recent years, more and more prompted serious environmental problems, especially some high pollution enterprises, has been a serious threat to the survival of mankind. At the sam...China' s rapid economic development in recent years, more and more prompted serious environmental problems, especially some high pollution enterprises, has been a serious threat to the survival of mankind. At the same time, both at home and abroad pay more and more attention to environmental problems caused in harm enterprises enhance their efficiency at the same time, the international and domestic have formulated a series of laws and regulations, the adverse effects of economic activity on the environment caused by the restriction of the enterprise. I studied the development and performance evaluation of green supply chain management, supply from the supply chain management strategy of a successful transition to the green supply chain management decision support for enterprises.展开更多
Taking multinational firms operating in China as objects of research,this paper has discovered through empirical study that economic institutional distance and cultural institutional distance have negative effects on ...Taking multinational firms operating in China as objects of research,this paper has discovered through empirical study that economic institutional distance and cultural institutional distance have negative effects on the corporate social responsibility(CSR) performance of multinational firms in a host country;when the legal system of home country is far better than that of host country,legal institutional distance has a positive effect on the CSR performance of multinational firms in the host country;entry mode has negative adjustment effect on the relationship of legal institutional distance and cultural institutional distance with the CSR performance of multinational firms in a host country;business experience of multinational firms in a host country has a negative adjustment effect on the relationship between legal institutional distance and their CSR performance in the host country.展开更多
Along with the rapid development of modem China economy, some new business modes and sale areas continuously emerge in markets. For example with the continuous popularity of consumer online shopping, rapid development...Along with the rapid development of modem China economy, some new business modes and sale areas continuously emerge in markets. For example with the continuous popularity of consumer online shopping, rapid development of TV shopping industry, compared with traditional store sales, in these special sale areas consumers' rights and interests are more likely to get harmed. From March 15, 2014, the newly revised "China consumer protection law" will formally implement cooling-off period legal system in special sale areas.2 Because it is a new system different from "obligatory compact principle" in traditional civil law, the scholars' theoretical research on cooling-off period system is still not mature enough. This paper discusses cooling-off period system from the theoretical level, puts forward the designation problem of cooling-off period system, discusses complete concepts of cooling-off period system, and puts forward its legal characteristics as a new consumer rights.展开更多
The practice of the international rule of law needs a theoretical guide, and the formulation of the theory of international law has to depend upon practice, which imposes new requirement upon the methodology of intern...The practice of the international rule of law needs a theoretical guide, and the formulation of the theory of international law has to depend upon practice, which imposes new requirement upon the methodology of international law. Traditional research into legal doctrine is unfavorable to the creative exertion of international jurisprudence, and the research methods of social sciences are playing an increasingly important role in the methodological innovation of international law. From the perspective of promotion of the international rule of law, the study of international law needs to deep research a State's motives, cause and innate logic in observing international aw, and law and economics can show its capability in this field. For the international rule of law, basic research needs to be carried about such social surroundings as where the rules are produced and applied and exerting influences. The research method of the sociology of law exactly hits the point. The application of empirical and experimental research methods offers a beforehand "rehearsal" chance for the process of the rule of law to grasp the pros and cons in the planning andpractice of the rule of law. The cooperation between the research methods of social science and the traditional research method of international law can reasonably interpret the phenomena of international relations and promote the international rule of law.展开更多
Game theories were used to study the problem which has one manufacturer and one supplier in this paper. of quality control in the two-echelon supply chain Firstly, a stackelberg game was introduced into the quality co...Game theories were used to study the problem which has one manufacturer and one supplier in this paper. of quality control in the two-echelon supply chain Firstly, a stackelberg game was introduced into the quality control of a two-echelon supply chain. In this general non-cooperative quality control game situation, the manufacturer acts as the leader, the optimal action policies were obtained for the manufacturer and the supplier. Then, a Nash bargaining model was used to analyze optimal action selection in the cooperative quality control game situation and to determine the profit segment between two supply chain members after collaboration. By comparison of two game equilibrium results above, it was found that the cooperative quality control game structure is superior to the general non-cooperative quality control game structure during the process of quality management in the two-echelon supply chain. Finally, a numerical example is given to illustrate the conclusion of this paper.展开更多
Over the past two decades, structural decomposition analysis (SDA) has developed into a major analytical tool in the field of input-output (IO) techniques, but the method was found to suffer from one or more of the fo...Over the past two decades, structural decomposition analysis (SDA) has developed into a major analytical tool in the field of input-output (IO) techniques, but the method was found to suffer from one or more of the following problems. The decomposition forms, which are used to measure the contribution of a specific determinant, are not unique due to the existence of a multitude of equivalent forms, irrational due to the weights of different determinants not matching, inexact due to the existence of large interaction terms.In this paper, a decomposition method is derived to overcome these deficiencies, and we prove that the result of this approach is equal to the Shapley value in cooperative games,and so some properties of the method are obtained. Beyond that, the two approaches that have been used predominantly in the literature have been proved to be the approximate solutions of the method.展开更多
Modem analytical models for anti-monopoly laws are a core element of the application of those laws. Since the Anti-Monopoly Law of the People's Republic of China was promulgated in 2008, law enforcement and judicial ...Modem analytical models for anti-monopoly laws are a core element of the application of those laws. Since the Anti-Monopoly Law of the People's Republic of China was promulgated in 2008, law enforcement and judicial authorities have applied different analytical models, leading to divergent legal and regulatory outcomes as similar cases receive different verdicts. To select a suitable analytical model for China's Anti-Monopoly Law, we need to consider the possible contribution of both economic analysis and legal formalism and to learn from the mature systems and experience of foreign countries. It is also necessary to take into account such binding constraints as the current composition of China's anti-monopoly legal system, the ability of implementing agencies and the supply of economic analysis, in order to ensure complementarity between the analytical model chosen and the complexity of economic analysis and between the professionalism of implementing agencies and the cost of compliance for participants in economic activities. In terms of institutional design, the models should provide a considered explanation of the legislative aims of the law's provisions. It is necessary, therefore, to establish a processing model of behavioral classification that is based on China's national conditions, applies analytical models using normative comprehensive analysis, makes use of the distribution rule of burden of proof, improves supporting systems related to analytical models and enhances the ability of public authorities to implement the law.展开更多
文摘In order to get the price of a contingent claim with random interval payoff, a concept of fair price was proposed based on weighted expected utility maximization. After setting up a programming model of maximizing the weighted expected utility involving basic securities and contingent claim,and using techniques in optimization analysis,explicit expressions of the fair price interval for a contingent claim were derived. Relations between acceptable price interval and fair price interval were discussed. It is shown that all fair prices fit the demand for acceptability of a market.
基金supported by National Key Technology Support Program(No.2013BAD17B06)Major Program of National Social Science Fund(No.15ZDB154)
文摘Big data has been taken as a Chinese national strategy in order to satisfy the developments of the social and economic requirements and the development of new information technology. The prosperity of big data brings not only convenience to people's daily life and more opportunities to enterprises, but more challenges with information security as well. This paper has a research on new types and features of information security issues in the age of big data, and puts forward the solutions for the above issues: build up the big data security management platform, set up the establishment of information security system and implement relevant laws and regulations.
文摘The golden period of the development of China's overseas trades is most significant in the Song Dynasty, which established the legal mechanisms of the overseas trades with the perfect systems. These legal regulations made clear the subjects of the overseas trade to a large extent, stipulated the procedures for the overseas trade, and at the same time, established the related legal liabilities and regulation means and methods of the governments. Although it met the huge demands of the development of the foreign trade, and had brought the economic income for the governments, yet because the governments had adopted the strict control measures, to a certain extent, it also restricted the rapid development of the foreign trade. This paper starts from the analysis of the legal subjects of the overseas trade in the Song Dynasty, and conducted the specific analysis of the trade procedures and other related contents of the legal systems of the overseas trade in the Song Dynasty.
文摘This study seeks to explore the impact of the Environment Management Act (EMA) (2005) on the accountability of three companies in Fiji. The study uses a multi-case study approach based on three subsidiaries of a conglomerate. Data collection methods include semi-structured interviews with accountants, internal auditors, and environmental officers, document reviews, and content analysis of annual reports and websites of the respective companies. The findings suggest that the EMA (2005) had some effects in terms of engendering accountability on the companies studied. Further evidence suggests that while this increased accountability has led to disclosures in annual reports and websites, these disclosures are minimal at best; furthermore, they primarily address that the stakeholder group comprised government regulatory authorities. The study provides policy implications on how environmental legislations could be designed to improve the accountability of commercial entities in developing economies. The experience and issues highlighted are also useful to other developing economies who are contemplating in developing their own environmental legislations. This paper is one of the few papers that explore the impact of environmental legislations on accountability in a developing economy context.
文摘China' s rapid economic development in recent years, more and more prompted serious environmental problems, especially some high pollution enterprises, has been a serious threat to the survival of mankind. At the same time, both at home and abroad pay more and more attention to environmental problems caused in harm enterprises enhance their efficiency at the same time, the international and domestic have formulated a series of laws and regulations, the adverse effects of economic activity on the environment caused by the restriction of the enterprise. I studied the development and performance evaluation of green supply chain management, supply from the supply chain management strategy of a successful transition to the green supply chain management decision support for enterprises.
基金sponsored by the Youth Program of National Social Sciences Foundation Research on the Evaluation and Promotion of Corporate Social Responsibilities in China(Approval No.12CGL039)
文摘Taking multinational firms operating in China as objects of research,this paper has discovered through empirical study that economic institutional distance and cultural institutional distance have negative effects on the corporate social responsibility(CSR) performance of multinational firms in a host country;when the legal system of home country is far better than that of host country,legal institutional distance has a positive effect on the CSR performance of multinational firms in the host country;entry mode has negative adjustment effect on the relationship of legal institutional distance and cultural institutional distance with the CSR performance of multinational firms in a host country;business experience of multinational firms in a host country has a negative adjustment effect on the relationship between legal institutional distance and their CSR performance in the host country.
文摘Along with the rapid development of modem China economy, some new business modes and sale areas continuously emerge in markets. For example with the continuous popularity of consumer online shopping, rapid development of TV shopping industry, compared with traditional store sales, in these special sale areas consumers' rights and interests are more likely to get harmed. From March 15, 2014, the newly revised "China consumer protection law" will formally implement cooling-off period legal system in special sale areas.2 Because it is a new system different from "obligatory compact principle" in traditional civil law, the scholars' theoretical research on cooling-off period system is still not mature enough. This paper discusses cooling-off period system from the theoretical level, puts forward the designation problem of cooling-off period system, discusses complete concepts of cooling-off period system, and puts forward its legal characteristics as a new consumer rights.
基金The author wishes to express his thanks to Professors Zou Keyuan, Liang Zhiping, Zhang Kening, Yang Guohua, Liu Zhiyun, Cai Congyan and He Zhipeng for their valuable advice. This is an achievement of the project supported by National Social Science Foundation (15BFX186) a research product of the "2011 Plan" of China--Collaborative Innovation Center of Judicial Civilization and a fruit of the MOE Project of Key Research Institute of Humanities and Social Sciences at Universities (16JJD820008).
文摘The practice of the international rule of law needs a theoretical guide, and the formulation of the theory of international law has to depend upon practice, which imposes new requirement upon the methodology of international law. Traditional research into legal doctrine is unfavorable to the creative exertion of international jurisprudence, and the research methods of social sciences are playing an increasingly important role in the methodological innovation of international law. From the perspective of promotion of the international rule of law, the study of international law needs to deep research a State's motives, cause and innate logic in observing international aw, and law and economics can show its capability in this field. For the international rule of law, basic research needs to be carried about such social surroundings as where the rules are produced and applied and exerting influences. The research method of the sociology of law exactly hits the point. The application of empirical and experimental research methods offers a beforehand "rehearsal" chance for the process of the rule of law to grasp the pros and cons in the planning andpractice of the rule of law. The cooperation between the research methods of social science and the traditional research method of international law can reasonably interpret the phenomena of international relations and promote the international rule of law.
基金the Social Sciences Youth Funded Project of Chinese Ministry of Education(No.10YJC630076)
文摘Game theories were used to study the problem which has one manufacturer and one supplier in this paper. of quality control in the two-echelon supply chain Firstly, a stackelberg game was introduced into the quality control of a two-echelon supply chain. In this general non-cooperative quality control game situation, the manufacturer acts as the leader, the optimal action policies were obtained for the manufacturer and the supplier. Then, a Nash bargaining model was used to analyze optimal action selection in the cooperative quality control game situation and to determine the profit segment between two supply chain members after collaboration. By comparison of two game equilibrium results above, it was found that the cooperative quality control game structure is superior to the general non-cooperative quality control game structure during the process of quality management in the two-echelon supply chain. Finally, a numerical example is given to illustrate the conclusion of this paper.
基金This paper is supported by the National Natural Science Foundation of China (No. 70131002).
文摘Over the past two decades, structural decomposition analysis (SDA) has developed into a major analytical tool in the field of input-output (IO) techniques, but the method was found to suffer from one or more of the following problems. The decomposition forms, which are used to measure the contribution of a specific determinant, are not unique due to the existence of a multitude of equivalent forms, irrational due to the weights of different determinants not matching, inexact due to the existence of large interaction terms.In this paper, a decomposition method is derived to overcome these deficiencies, and we prove that the result of this approach is equal to the Shapley value in cooperative games,and so some properties of the method are obtained. Beyond that, the two approaches that have been used predominantly in the literature have been proved to be the approximate solutions of the method.
文摘Modem analytical models for anti-monopoly laws are a core element of the application of those laws. Since the Anti-Monopoly Law of the People's Republic of China was promulgated in 2008, law enforcement and judicial authorities have applied different analytical models, leading to divergent legal and regulatory outcomes as similar cases receive different verdicts. To select a suitable analytical model for China's Anti-Monopoly Law, we need to consider the possible contribution of both economic analysis and legal formalism and to learn from the mature systems and experience of foreign countries. It is also necessary to take into account such binding constraints as the current composition of China's anti-monopoly legal system, the ability of implementing agencies and the supply of economic analysis, in order to ensure complementarity between the analytical model chosen and the complexity of economic analysis and between the professionalism of implementing agencies and the cost of compliance for participants in economic activities. In terms of institutional design, the models should provide a considered explanation of the legislative aims of the law's provisions. It is necessary, therefore, to establish a processing model of behavioral classification that is based on China's national conditions, applies analytical models using normative comprehensive analysis, makes use of the distribution rule of burden of proof, improves supporting systems related to analytical models and enhances the ability of public authorities to implement the law.