In the context of China’s proactive implementation of the Belt and Road Initiative(BRI),unraveling the BRI’s effect on corporate behavior is of vital importance to China’s policymaking on overseas investment.With t...In the context of China’s proactive implementation of the Belt and Road Initiative(BRI),unraveling the BRI’s effect on corporate behavior is of vital importance to China’s policymaking on overseas investment.With the BRI’s enactment as a quasi-natural experiment,this paper employs the difference in differences(DID)method to investigate the BRI’s effect on the financing constraint for Chinese enterprises.Our study finds that the BRI’s implementation has significantly reduced financing constraints for BRI enterprises,and the effect is more significant for emerging advantageous industries and export-oriented node cities.展开更多
Constrained modeling and state estimation have attracted much attention in recent years. This paper focuses on target motion modeling and tracking in road coordinates. An improved initialization method,which uses the ...Constrained modeling and state estimation have attracted much attention in recent years. This paper focuses on target motion modeling and tracking in road coordinates. An improved initialization method,which uses the optimal fusion of the position measurements in different directions,is presented for the constraint coordinate Kalman filter(CCKF). The CCKF is evaluated with a comprehensive comparison to the state-of-art linear equality constraint estimation methods. Numerical simulation results demonstrate the better performance of the CCKF. Then the interacting multiple model CCKF(IMM-CCKF) is proposed to manifest the advantages of the CCKF in complex motion modeling and state estimations. The effectiveness of the IMM-CCKF in maneuvering target tracking with spatial equality constraints is demonstrated by numerical experiments.展开更多
基金Youth Program of the National Natural Sciences Foundation of China (NSFC) “Study on Underwriters’ Behaviors in the Full Life-Cycle of Corporate Bonds” (Grant No. 71802085)Youth Program of the National Humanities and Social Sciences Foundation “Study on the Promotion Incentives of SOE Executives and the Concealment of Corporate Bad News: Theoretical and Empirical Analysis” (Grant No. 18YJC630211)Youth Program of the Humanities and Social Sciences Research Foundation of the Ministry of Education “Study on the Economic Consequences of Corporate Investment and Financing Maturity Mismatch: Analysis Based on a Corporate Risk Perspective” (Grant No. 19YJC630232)
文摘In the context of China’s proactive implementation of the Belt and Road Initiative(BRI),unraveling the BRI’s effect on corporate behavior is of vital importance to China’s policymaking on overseas investment.With the BRI’s enactment as a quasi-natural experiment,this paper employs the difference in differences(DID)method to investigate the BRI’s effect on the financing constraint for Chinese enterprises.Our study finds that the BRI’s implementation has significantly reduced financing constraints for BRI enterprises,and the effect is more significant for emerging advantageous industries and export-oriented node cities.
基金Sponsored by the National Natural Science Foundation of China(Grant No.61201311)
文摘Constrained modeling and state estimation have attracted much attention in recent years. This paper focuses on target motion modeling and tracking in road coordinates. An improved initialization method,which uses the optimal fusion of the position measurements in different directions,is presented for the constraint coordinate Kalman filter(CCKF). The CCKF is evaluated with a comprehensive comparison to the state-of-art linear equality constraint estimation methods. Numerical simulation results demonstrate the better performance of the CCKF. Then the interacting multiple model CCKF(IMM-CCKF) is proposed to manifest the advantages of the CCKF in complex motion modeling and state estimations. The effectiveness of the IMM-CCKF in maneuvering target tracking with spatial equality constraints is demonstrated by numerical experiments.
