This study aims to find the effect of financial risks, price risks and market risks on the Earning Response Coefficients （ERC） for China Commercial Banks. The research methodologies use the traditional cumulative ab...This study aims to find the effect of financial risks, price risks and market risks on the Earning Response Coefficients （ERC） for China Commercial Banks. The research methodologies use the traditional cumulative abnormal returns and the unexpected earning as the main dependent and independent variables. The evidences show that： （1） There is a strong returns-to-earnings relation for banks; （2） The liquidity risk has information content beyond earnings changes in the returns-to-earnings relation. This probably due to the reason that managers of banks find the level of liquidity that fulfilled the need of investors and at the same time earns good profits for the banks.展开更多
Building vulnerability evaluation is important in the risk assessment on earthquake and flood hazards. But for landslide hazard, it is also a very important part for the people in buildings. Most discussions or resear...Building vulnerability evaluation is important in the risk assessment on earthquake and flood hazards. But for landslide hazard, it is also a very important part for the people in buildings. Most discussions or researches about building vulnerability are for landslide failure, few for landslide in deformation phase. For this objective, this paper discussed about building vulnerability evaluation using Zhaoshuling landslide as an example Zhaoshuling landslide named located in the Three Gorges Reservoir Area, China. After a field survey on the geological condition of landslide, detailed field investigation on the buildings' location and structure is carried out. To get landslide surface deformation, numerical simulation method is used under the combining condition of water fluctuation and rainfall. Then building deformation and probable damage degree is analyzed according to landslide surface deformation and the relative theory in mining. Based on the national standard building damage classification system, the vulnerability of all the buildings on the landslide is semi-quantitatively evaluated.展开更多
The multivariate extension of the Cox model proposed by Wei,Lin and Weissfeld in 1989 has been widely used for analyzing multivariate survival data.Under the model assumption,failure times from an individual are assum...The multivariate extension of the Cox model proposed by Wei,Lin and Weissfeld in 1989 has been widely used for analyzing multivariate survival data.Under the model assumption,failure times from an individual are assumed to marginally follow their respective proportional hazards regression relation,leaving the joint distribution completely unspecified.This paper presents a simple approach to efficiency improvement through segmentation of stochastic integrals in the marginal estimating equations and incorporation of the limiting covariance structure.It is shown that when partition of the time interval is done at a suitable rate,the resulting estimator is consistent and asymptotically normal.Through the reproducing kernel Hilbert space arising from the covariance function of the limiting Gaussian process,it is also shown that the proposed estimator is asymptotically optimal within a reasonable class of estimators under marginal specification.Simulations are conducted to assess the finite-sample performance of the proposed method.展开更多
文摘This study aims to find the effect of financial risks, price risks and market risks on the Earning Response Coefficients （ERC） for China Commercial Banks. The research methodologies use the traditional cumulative abnormal returns and the unexpected earning as the main dependent and independent variables. The evidences show that： （1） There is a strong returns-to-earnings relation for banks; （2） The liquidity risk has information content beyond earnings changes in the returns-to-earnings relation. This probably due to the reason that managers of banks find the level of liquidity that fulfilled the need of investors and at the same time earns good profits for the banks.
基金supported by the Research Foundation for Outstanding Young Teachers, China University of Geosciences (Wuhan)National Natural Science Foundation of China (No. 40872176/D0214)
文摘Building vulnerability evaluation is important in the risk assessment on earthquake and flood hazards. But for landslide hazard, it is also a very important part for the people in buildings. Most discussions or researches about building vulnerability are for landslide failure, few for landslide in deformation phase. For this objective, this paper discussed about building vulnerability evaluation using Zhaoshuling landslide as an example Zhaoshuling landslide named located in the Three Gorges Reservoir Area, China. After a field survey on the geological condition of landslide, detailed field investigation on the buildings' location and structure is carried out. To get landslide surface deformation, numerical simulation method is used under the combining condition of water fluctuation and rainfall. Then building deformation and probable damage degree is analyzed according to landslide surface deformation and the relative theory in mining. Based on the national standard building damage classification system, the vulnerability of all the buildings on the landslide is semi-quantitatively evaluated.
基金supported by National Natural Science Foundation of China (Grant Nos.10471136 and 10971210)the Knowledge Innovation Program of Chinese Academy of Sciences (Grant No.KJCX3-SYW-S02)
文摘The multivariate extension of the Cox model proposed by Wei,Lin and Weissfeld in 1989 has been widely used for analyzing multivariate survival data.Under the model assumption,failure times from an individual are assumed to marginally follow their respective proportional hazards regression relation,leaving the joint distribution completely unspecified.This paper presents a simple approach to efficiency improvement through segmentation of stochastic integrals in the marginal estimating equations and incorporation of the limiting covariance structure.It is shown that when partition of the time interval is done at a suitable rate,the resulting estimator is consistent and asymptotically normal.Through the reproducing kernel Hilbert space arising from the covariance function of the limiting Gaussian process,it is also shown that the proposed estimator is asymptotically optimal within a reasonable class of estimators under marginal specification.Simulations are conducted to assess the finite-sample performance of the proposed method.
