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我国资产价格“货币现象”的实证分析 被引量:4
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作者 吴奉刚 杜兆瑜 《南京师大学报(社会科学版)》 CSSCI 北大核心 2010年第2期77-82,共6页
借鉴弗里德曼的经典观点,可将货币数量影响资产价格波动的现象称为"货币现象"。在此基础上综合运用Granger因果检验、Johansen协整和脉冲响应函数等方法,对M/GDP影响房屋销售价格指数和上证综指进行了实证分析。结果显示,超... 借鉴弗里德曼的经典观点,可将货币数量影响资产价格波动的现象称为"货币现象"。在此基础上综合运用Granger因果检验、Johansen协整和脉冲响应函数等方法,对M/GDP影响房屋销售价格指数和上证综指进行了实证分析。结果显示,超额货币是房地产价格的Granger原因,且二者存在协整关系,超额货币对于推动房地产价格的上涨发挥了重要作用,表明我国房市存在"货币现象"。从股市来看,长期的"货币现象"并不存在,但自2006年第4季度以来超额货币存量与股指的相关性显著增强。 展开更多
关键词 资产价格 货币现象 VAR模型
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无形资产评估中的失范现象及其防范对策 被引量:5
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作者 吕学芳 《吉首大学学报(社会科学版)》 2000年第4期26-29,共4页
无形资产评估中出现的法律失范、科学失范、财务失范、伦理失范、方法失范现象 ,主要是由无形资产评估本身的复杂性等客观方面的原因和评估机构、人员等主观方面的原因造成的。要克服无形资产评估中的失范行为必须完善评估组织机构、建... 无形资产评估中出现的法律失范、科学失范、财务失范、伦理失范、方法失范现象 ,主要是由无形资产评估本身的复杂性等客观方面的原因和评估机构、人员等主观方面的原因造成的。要克服无形资产评估中的失范行为必须完善评估组织机构、建立评估法规体系、培训评估专业人员、宣传评估专业知识、建立评估监督机制。 展开更多
关键词 无形资产评估 失范现象 失范原因 失范防范 企业
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图书馆文献信息寻租现象及预防策略 被引量:2
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作者 陈厚莹 《图书馆》 CSSCI 北大核心 2015年第5期75-78,共4页
图书馆文献信息存在着显性寻租、隐性寻租和过程寻租等现象。根源于文献信息的属性悖论、图书馆及馆员的价值选择、图书馆管理体制弊端等方面。图书馆需要采取提升治理能力、坚持依法治馆、加强馆员社会主义核心价值观教育、公开馆务信... 图书馆文献信息存在着显性寻租、隐性寻租和过程寻租等现象。根源于文献信息的属性悖论、图书馆及馆员的价值选择、图书馆管理体制弊端等方面。图书馆需要采取提升治理能力、坚持依法治馆、加强馆员社会主义核心价值观教育、公开馆务信息、建设服务型图书馆等策略进行预防。 展开更多
关键词 图书馆文献 信息资产 信息资产寻租 寻租现象
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基于投资者心理偏差的资产定价研究框架 被引量:1
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作者 谢振东 黄鹂 《金融理论与实践》 北大核心 2006年第2期12-15,共4页
不断出现的资产收益可预测性现象逐渐动摇了研究者对投资者完全理性假设的信心,通过将心理研究成果引入资产定价领域,假设投资者有限理性和存在实际决策偏差,基于投资者心理偏差的资产定价模型从不同角度将资本市场中出现的异常现象与... 不断出现的资产收益可预测性现象逐渐动摇了研究者对投资者完全理性假设的信心,通过将心理研究成果引入资产定价领域,假设投资者有限理性和存在实际决策偏差,基于投资者心理偏差的资产定价模型从不同角度将资本市场中出现的异常现象与投资者的行为联系起来。回顾近几年资产定价理论研究的转变,对资产定价理论的最新研究成果及其理论基础进行总结和评述,以期进一步明晰研究发展方向和促进资产定价理论发展。 展开更多
关键词 资产定价 异常现象 收益可预测性 心理偏差
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基于违约惩罚与资产折现的企业投资套牢风险分析
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作者 李中维 魏博 《价值工程》 2013年第33期111-112,共2页
本文针对资产投资的专用性、项目合同条款的不完备性所导致的投资套牢现象,建立一个理论模型,利用违约赔付惩罚系数、交易双方的资产折现系数等变量,对套牢风险进行数理分析,为企业防范套牢风险提供了理论指导。
关键词 投资套牢 惩罚系数 资产折现
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基于噪音交易者的风险资产定价模型及其应用 被引量:14
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作者 陈其安 赖琴云 +1 位作者 陈亮 张媛 《系统工程理论与实践》 EI CSSCI CSCD 北大核心 2010年第3期385-395,共11页
放宽DSSW模型中的风险资产股利为常数和噪音交易者心目中的股利变化是一个纯粹正态分布随机过程的假设条件,分别构建了只有理性投资者和存在噪音交易者两种情况下的股票市场风险资产定价模型,并在对所建立的两类模型及其经济意义进行比... 放宽DSSW模型中的风险资产股利为常数和噪音交易者心目中的股利变化是一个纯粹正态分布随机过程的假设条件,分别构建了只有理性投资者和存在噪音交易者两种情况下的股票市场风险资产定价模型,并在对所建立的两类模型及其经济意义进行比较分析的基础上研究了噪音交易者对股票市场风险资产定价及其波动性的影响机理,对中国股票市场2005年6月-2008年8月期间发生的"异常现象"进行了合理解释.研究结果表明:噪音交易者能对股票价格及其波动性产生系统性影响,中国股票市场发生的"异常现象"在很大程度上是由噪音交易者造成的.从研究假设、研究结论以及实践应用等方面对DSSW模型进行了合理的拓展和深化. 展开更多
关键词 噪音交易者 风险资产定价 DSSW模型 异常现象 中国股票市场
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抑制资产泡沫需要兼顾长远利益和短期风险 被引量:3
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作者 吴秀波 《价格理论与实践》 CSSCI 北大核心 2016年第7期16-22,共7页
现阶段亟待抑制的资产泡沫——房地产泡沫,其典型的表现形式为一线及部分二线城市房价快速上涨、地王频现、新增住房信贷/GDP比例快速上升。造成房地产价格过快上涨的原因在于廉价信贷泛滥、不合理的房地产刺激政策以及土地供应不足。... 现阶段亟待抑制的资产泡沫——房地产泡沫,其典型的表现形式为一线及部分二线城市房价快速上涨、地王频现、新增住房信贷/GDP比例快速上升。造成房地产价格过快上涨的原因在于廉价信贷泛滥、不合理的房地产刺激政策以及土地供应不足。房地产泡沫扭曲经济结构、与"大众创业、万众创新"理念背道而驰。抑制房地产泡沫需要厘清多个理论问题,需要兼顾长远利益和短期影响。短期内应消除房地产泡沫的货币基础,长期则应通过顶层设计改变经济发展模式,改革土地、货币金融、财政税收制度,消除泡沫存在的土壤。 展开更多
关键词 抑制资产泡沫 地王现象 房地产泡沫 房地产刺激政策 廉价信贷
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Investigation on nonlinear lateral-torsional coupled vibration of a rotor system with substantial unbalance 被引量:10
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作者 Jie HONG Pingchao YU +1 位作者 Yanhong MA Dayi ZHANG 《Chinese Journal of Aeronautics》 SCIE EI CAS CSCD 2020年第6期1642-1660,共19页
Substantial unbalance may be caused by fan blade off during the operation period of gas turbine engines,and related dynamic problems are very critical to the safety design of rotor system in aero-engine.This article a... Substantial unbalance may be caused by fan blade off during the operation period of gas turbine engines,and related dynamic problems are very critical to the safety design of rotor system in aero-engine.This article aims to understand lateral-torsional coupled vibration of the rotor system with substantial unbalance.The governing equation of a modified unbalanced rotor system is established based on Lagrangian approach.Then,a mathematical analytical method is proposed in which a linear approximation is derived and the Floquet theory and Hill’s method are incorporated,from which the modal characteristics of the unbalanced rotor are obtained.The modal characteristics of the unbalanced rotor system are revealed comprehensively for the first time.Furthermore,the relation between the modes and responses of the unbalanced rotor is discussed in detail.The results show that the lateral vibration and torsional vibration of the unbalanced rotor are coupled through the inertial terms in the governing equations.Due to the coupling,veering and lock-in phenomena occur between the frequencies of the forward whirl mode and the torsional mode.Furthermore,lock-in can lead to a kind of principal instability.With regard to the response of the unbalanced rotor,both natural vibration components and enforced vibration components appear in the lateral response,while only natural vibration components appear during torsional vibration.Moreover,natural vibration components play a crucial role in the response within the principal instability region and cause divergence of the vibration amplitudes in the lateral and torsional directions. 展开更多
关键词 INSTABILITY Lateral-torsional coupled vibration lock-in phenomenon MODES Unbalanced rotor
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Experimental investigation of unsteady attached cavitating flow induced pressure fluctuation 被引量:1
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作者 Hou-sheng Zhang Guang-hao Chen +1 位作者 Qin Wu Biao Huang 《Journal of Hydrodynamics》 SCIE EI CSCD 2022年第1期31-42,共12页
This paper experimentally investigates the pressure fluctuation induced by the unsteady attached cavitating flow, with special focus on the quasi-periodic cloud cavitation. A simultaneous sampling method is adopted fo... This paper experimentally investigates the pressure fluctuation induced by the unsteady attached cavitating flow, with special focus on the quasi-periodic cloud cavitation. A simultaneous sampling method is adopted for the synchronous measurement of the wall pressure signals and the cavitating flow images in a convergent-divergent channel. The results show that the pressure fluctuation is composed of three parts, the flow noise, the low-frequency fluctuation, and the cavity collapse induced impulse, and the pressure evolution of the quasi-periodic cloud cavitation is well consistent with the cavitation evolution. The statistical analysis of the pressure fluctuation shows that, when σ > 1.01, the probability density function (PDF) is nearly in the normal distribution, implying the randomness of the pressure fluctuation, when 0.84 < σ < 0.91, the PDF has a much larger variance than when σ > 1.01, when σ < 0.84, the PDF becomes narrow and asymmetric. In addition, the variance and the average value of the pressure indicate that the fluctuation intensity increases downstream along the cavity and reaches the maximum at the cavity closure and it also increases with the decrease of the cavitation number. The spectral analysis shows that the low-frequency pressure fluctuations mainly consist of two dominant components, the cavity shedding induced fluctuation and the lock-in fluctuation. The cavity shedding induced frequency decreases with the decrease of the cavitation number but the lock-in frequency is kept nearly constant. According to the spectral analysis of the cavity area fluctuation and the modal analysis of the flow system, the lock-in is possibly caused when the fluctuation frequency of the cavity volume approaches the natural frequency of the flow system. 展开更多
关键词 CAVITATION pressure fluctuation statistical features lock-in phenomenon
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Local vibrations and lift performance of low Reynolds number airfoil 被引量:1
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作者 Tariq Amin Khan Wei Li +1 位作者 Jiazhong Zhang Tom I-P.Shih 《Propulsion and Power Research》 SCIE 2017年第2期79-90,共12页
The 2D incompressible Navier-Stokes equations arc solved based on the finite Flexible structure;Airfoil;Lock-in phenomenon;Lift coefficient;volume method and dynamic mesh technique is used to carry out partial fluid s... The 2D incompressible Navier-Stokes equations arc solved based on the finite Flexible structure;Airfoil;Lock-in phenomenon;Lift coefficient;volume method and dynamic mesh technique is used to carry out partial fluid structure interaction.The local flexible structure(hereinafter termed as flexible structure)vibrates in a single mode located on the upper surface of the airfoil.The Influence of vibration frequency and amplitude are examined and the corresponding fluid flow characteristics are investigated Computational fluid dynamics(CFD)which add complexity to the inherent problem in unsteady flow.The study is conducted for flow over NACA0012 airfoil at 600≤Re≤3000 at a low angle of attack.Vibration of flexible structure induces a secondary vortex which modifies the pressure distribution and lift performance of the airfoil.At some moderate vibration amplitude,frequency synchronization frequency of rigid airfoil.Evolution and shedding of vortices corresponding to the deformation of flexible structure depends on the Reynolds number.In the case of Re≤1000,the deformation of flexible structure is considered in-phase with the vortex shedding i.e.,increasing maximum lift is linked with the positive deformation of flexible structure.At Re=1500 a phase shift of about 1/π exists while they are out-of-phase at Re>1500.Moreover,the oscillation amplitude of lift coefficient increases with increasing vibration amplitude for Re£1500 while it decreases with increasing vibration amplitude for Re>1500.As a result of frequency lock-in,the average lift coefficient is increased with increasing vibration amplitude for all investigated Reynolds numbers(Re).The maximum increase in the average liftcoefficient is 19.72% within the range of investigated parameters. 展开更多
关键词 Flexible structure AIRFOIL lock-in phenomenon Lift coefficient Computational fluid dynamics(CFD)
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