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    • 簡介:學校編碼10384學號B200342019分類號密級UDC磨卿巍善博士學。位論文代理投資、道德風險與市場效率DELEGATEDINVESTMENT,MORALHAZARDANDMARKETEFFICIENCY蔡慶豐指導教師姓名專業(yè)名稱論文提交日期論文答辯時間學位授予日期張亦春教授金融學2006年4月2006年6月2006年月答辯委員會主席評閱人2006年4月ABSTRACTSASTHEREAREMOREANDMOREINVESTORSINFINANCIALMARKETSINVESTINGINDIRECTLYTHROUGHMUTUALFUNDPENSIONFUNDANDINSURANCEFUNDINSTITUTIONALINVESTORSHAVEREPLACEDTHEROLEOFINDIVIDUALINVESTORSTOBECOMETHEDOMINANTINVESTORSINFINANCIALMARKETSANACCOMPANYINGCHANGEOFTHEPR莉6DCRANCEOFDELEGATEDINVESTINGISTHATAGENT’SINSTITUTIONALINVESTORSORINVESTMENTMANAGERSOBJECTIVEFUNCTIONPLAYSAMOREIMPORTANTROLEINASSETPRICINGANDMARKETEFFICIENCYTHANINDIVIDUALINVESTORSUTILITYFUNCTIONTHATISTOSAYTHEINVESTMENTDECISIONSMADEBYINVESTMENTMANAGERSARENOTONLYRESTRICTEDBYBOUNDEDRATIONALITYASREFERREDINBEHAVIORALFMANCE,BUTALSOINFLUENCEDBYMORALHAZARDCAUSEDINDELEGATEDINVESTMENTSWHENINVESTMENTMANAGERSPURSUETHEMAXIMIZATIONOFTHEIRPERSONALBENEFITSMORALHAZARDINDELEGATEDINVESTMENTSBADLYHURTSPRINCIPALSDIRECTLYASWELLASBRINGSPROFOUNDANDCOMPLEXINFLUENCETOMARKETEFFICIENCYTHEREFORE,ITISBOTHTHEORETICALLYANDPRACTICALLYMEANINGFULTOSTUDYTHISISSUECOMPAREDWITHINDIVIDUALINVESTORS,INSTITUTIONALINVESTORSBEHAVEMORECONSISTENTLYWITHTHEASSUMPTIONOF‘RATIONALINVESTOR’INEFFICIENTMARKETHYPOTHESISHOWEVERDOESITMEANTHEFINANCIALMARKETWILLBECOMEMOREEFFICIENTSINCEINSTITUFIONALINVESTORSBECOMETHEMAINSTREAMINTHEMARKETTHEDISSERTATIONCONDUCTSASYSTEMATICSTUDYINTOTHISQUESTIONITCONSTRUCTSMODELSTOFULLYANALYZETHERESTRICTIONMECHANISMANDNEGATIVEINFLUENCEONIMPROVINGTHEMARKETINFORMATIONEFFICIENCYIMPOSEDBYPRINCIPALAGENTSTRUCTUREBETWEENINVESTORSANDINVESTMENTMANAGERSANDTHEMORALHAZARDINSTITUTIONALHERDINGANDLIMITEDARBITRAGEARISINGINDELEGATEDINVESTMENTSBASEDONTHISANALYSIS,THISDISSERTATIONQUESTIONSTHETHREEEFFICIENCYREDUCINGASSUMPTIONSABOUTTHEROLEOFINSTITUTIONALINVESTORSONMARKETEFFICIENCYAFTERDISCUSSINGTHEINFLUENCEOFDELEGATEDINVESTMENTONMARKETEFFICIENCYANDPRICINGEFFICIENCYTHISDISSERTATIONSHIFTSTOFOCUSONCHINASCAPITALMARKETSINCETHEINSTITUTIONALINVESTORSLIKESECURITIESINVESTMENTFUNDDEVELOPSOFASTINCHINAWHATHASCHANGEDTOCHINA’SCAPITALMARKETOPERATION,F(xiàn)UNCTIONANDEFFICIENCYTHISDISSERTATION1T
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      上傳時間:2024-03-04
      頁數(shù): 193
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    • 簡介:中南大學碩士學位論文基于代理理論的民營上市公司股利政策研究姓名孫鵬程申請學位級別碩士專業(yè)金融學指導教師田美玉20061101中南大學碩士學位論文ABSTRACTTHISPAPERTRIESTOEXPLAINPRESENTDIVIDENDPOLICYOFCHINESEPRIVATELISTEDCOMPANIESUSINGAGENCYTHEORYANDITINVESTIGATESTHERELATIONSHIPBETWEENAGENCYPROBLEMANDDIVIDENDPOLICYINCHINESEPRIVATELISTEDCOMPANIESBOTHTHEORETICALLYANDEMPIRICALLYINRESPECTOFTHEORYFROMTWOASPECTS,OBLIGEEVSSHAREHOLDERANDSHAREHOLDERVSMANAGERWEANALYZEAGENCYCONFLICTINLISTEDCOMPANYANDHOWITINFLUENCESTHECOMPANY’SDIVIDENDPOLICYHOWEVER,WECALL’TCOPYTHEDEVELOPEDCOUNTRIES’AGENCYTHEORYBECAUSEOFTHEFUNDAMENTALCONDITIONSOFTHETHEORYARENOTEXISTINCHINAINTHEDEVELOPEDCOUNTRIESSUCHASUSAANDUKSTEADYDIVIDENDPOLICYISUSEDTOCONTROLAGENCYCOSTONTHECONTRARYTHEDIVIDENDPOLICYOFPRIVATELISTEDCOMPANIESISJUSTTHERESULTOFSERIOUSUNRESOLVEDAGENCYPROBLEMSTHISCANBESHOWNBYTUNNELINGEFFECTOFCASHDIVIDENDTHATARISESFROMTHEAGENCYCONFLICTOFCONTROLLINGSHAREHOLDERANDSMALLSHAREHOLDERSINTERMSOFEMPIRICALRESEARCH,BASEDONTHEORYANALYSISANDACTUALITIESANALYSIS,WECONSTRUCTEMPIRICALMODELSTOEXPLORETHEDIVIDENDPOLICYOFPRIVATELISTEDCOMPANIESFROMSEVERALANGLESOFAGENCYPROBLEMWITHDATAFROMCHINA’SSECURITIESEXCHANGESFROM2002TO2004,WEGETTHEFOLLOWINGEMPIRICALRESULTSFIRSTLYSERIOUSAGENCYCONFLICTDOEXISTS,ANDUSINGCONTROLRIGHTTHATCANNOTBESHAREDBYSMALLANDMEDIUMSHAREHOLDERS,CONTROLLINGSHAREHOLDERMAYBEENLISTSELFINTERESTSATTHESACRIFICEOFSMALLANDMEDIUMSHAREHOLDERS’INTERESTS一LI
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      上傳時間:2024-03-04
      頁數(shù): 61
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    • 簡介:分類號UDC密級單位代碼10151廈門集裝箱貨運代理業(yè)發(fā)展及經(jīng)營模式轉(zhuǎn)型研究戴剛指導教師田聿新學位授予單位申請學位級別職稱教授大連海事大學碩士學科與專業(yè)交通運輸規(guī)劃與管理論文完成日期2006年9月論文答辯日期鯉堡旦答辯委員會主席愛豇墨壟英文摘要RESEARCHONTHEDEVELOPMENTANDMANAGEMENTMODETRANSITIONOFXIAMENFREIGHTFORWARDERSABSTRACTAFTEROURCOUNTRY’SENTRYINTOWTO,WEWILLGRADUALLYCANCELTHEACCESSLIMITSFORTHEFREIGHTFORWARDINGMARKETWITHTHERELEASEOFIMPORTSANDEXPORTSRIGHTS,ANDTHEINCREASEINTHEDEGREEOFEXTERNALTRADEMARKETFOREIGNCOMPANIESBEGINTOSTEPINTOCHINESEEXTERNALTRADEMARKETONEAFTERANTHERTAKINGADVANTAGEOFTHEIRADVANCEDSERVICECONCEPT,MANAGEMENTSTYLEANDOPERATIONTECHNIQUEITHASCAUSEDAGREATIMPACTONOURTRADITIONALFREIGHTFORWARDERS,ANDTHEMARKETOFTRADITIONALFREIGHTFORWARDERSHASBEENONTHEVERGEOFASEVERECOMPETITIONANDTHEPACKADSERVICEBROUGHTINTHEFORWARDINGFIELDBYTHESENEWCOMERSEVENMORESHAKETHESURVIVALFOUNDATIONOFTRADITIONALFREIGHTFORWARDERSWITHPROFITSBYPRICEDIFFERENCEANDBOOKINGFEESTHETRANSFERANDTHROUGHTRANSPORTSERVICEOFTHESETRADITIONALFORWARDERSWILLFACEASEVERCCHALLENGE勰LONGASTHEIRLIVINGSPACEBASEDONTHEFULLAWARENESSOFINTERNATIONALLOGISTICSDEVELOPMENTTHISTHESISRESEARCHESONTHERELEVANTPROBLEMSABOUTTHESTRATEGYTRANSITIONOFCONTAINERFREIGHTFORWARDINGCOMPANIESTHISTHESISCONTAINSFOLLOWINGPARTSCHAPTERONEBRIEFLYINTRODUCESTHEBACKGROUNDANDMEANINGOFTHESISTOPIC,THECONTENTOFSTUDYINGCHAPTERTWOHASINTRODUCEDTHEBASICKNOWLEDGEOFCONTAINERFREIGHTFORWARDING,INCLUDINGTHECONCEPT,EFFECTANDTHEHISTORYOFITCHAPTERTHREEINTRODUCESANDANALYSESTHETRADITIONALMANAGEMENTMODEOFOURCOUNTRY’SFREIGHTFORWARDERS,THENPUTSFORWARDTHEPROBLEMSOFITCHAPTERFOURSTUDIESTHESTATUSINQUOANDTHEPROBLEMSOFCONTAINERFREIGHTFORWARDERSINXIAMEN,THENADVANCESTHENEWCHARACTERISTICSOFTHECOMPETITIONOFITCHAPTERFIVEFORESEESTHECONTAINERSTHROUGHPUTOFXIAMENINFUTUREANDANALYSESTHETRENDSOFTHEDEVELOPMENTOFFREIGHTFORWARDERSINXIAMENBASEDONTHEABOVEANALYSISANDTHETRAITSOFEVERYSORTOFFREIGHTFORWARDERS,THEDIFFERENTADVICETODIFFERENTSORTOFFREIGHTFORWARDERSHASBEENGIVENTHENTHEDETAILEDMEASURESAREALSOPUTFORWARDINTHEEND,CHAPTERSIXCONELUDESTHETHESISKEYWORDSFREIGHTFORWARDERS;MANAGEMENTMODE;TRANSITION
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      上傳時間:2024-03-03
      頁數(shù): 54
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    • 簡介:蘇州大學碩士學位論文我國壽險業(yè)個人代理人制度研究姓名譚勇申請學位級別碩士專業(yè)金融學指導教師段昆20060901CHINALIFEIN蛐MNCEINDUSTRYAGENTSYSTEMR電SEARCHABSTRACTSIN∞THCBCGIIINI雌OFTHCCIG嘶部OFL翹T∞砷LLY,HIMRC吼蛐EDJN鯽御憷B惦INC齬OFLIFCIN蛐舶餓≈TOM御L雞C,THMUGHM呲THAN21HYI嘲M凹MAL蛔ELI叩MCNTBYLCAPSANDBO1NDS,BY20Q5,THEN蜘AL蛐IN鋤COF脅JNSL珊懈WM蚴CH3“,620M刪咖YU缸,衄MA麟D蛐S塒IS334YLL蛆,I晌MFOR21%OFDCPTLI,STATCM忸ED、SHARCHOLDING,F(xiàn)ORCI掣卜鐳PITALSLIFCJN洲蝴CCCMCRPRIS璐瑚曲52,也C紐如曲叮HAWK印TTHEGOOD掣帆,THM伽眥吼WIMO、,CF25%OFTHCAVMGC枷AL可OW也MTC,ITIS伽COFTHC呲SWITHTHE髓吼齬TD鉀CLOPINGSPCCDINTHEN甜IONALOCONOM弘BC幽DP咖OTCTHCDCVCLOPMCMOFPL璐刪TYOFCHJN鶴CLIFC缸鋤舳∞,THE聆ISONLY髓啪。惦。PMPCLI盯,,APPC痂GTHCMAIN如∞酷OFAMIMONINSU啪∞A岫OFPOOPLC,PLAYAP∞ITIVEMLCINPI岫緬GTHCFAST姍LOL蛆EMOFTHEA啦∞∞LJFCINSUI鋤∞ACC咖叩卸YBYQ血AA淵I徹TOTHC哪,F(xiàn)|L蚯LPL岫I∞TO如L盯THCWRO,OP∞IN鯽N噼MA成CT,OFA蜢噙TOT枷Y戧脅ALLY,HOWWCOVCR鋤ETHC伽枷峨岫岫A剛SSYSTCMANDDIS∞IVCA刪DCAIOF蛐CS咖QUCS6仰S,U∞A簪眥TSSYSTCMEXPCRI如∞ANDMODCOFLIFE婦M鋤CE棚啪UNDTHC啪RLD斯耐吼峨,SCTUPAGCNTSSY咖NOF腧蛔咖∞螄S蝴LC蛐砌婦C咖舳Y缸觸INTHCDIS岫‰CHA麒CRIS曬,IT缸AVCFYUR鯽T姊ICTHISTEXC’砒CLE越CXAMPLC鋤LYZC缸DS咖DARDI弱ANAL”ICALMCTHOD鋤D∞MBINCLAW辯IC嗽,細酬嘲N∞LC鋤,M觚皿GC呻DPLCOFS柵DYINGC圮,啪陸CALAF窘C姍BEROF積PCFIA∞加ANDD蛐錨啦卸DIN啪ATI徹LAL托S∞ICH腳№,MMUGHDVILLAWACTI略TH。OFYAND缸跚越∞AGE丑LAC‘I衄AND出CS眥OFD鉀CLOPM如T0FAG曲TSSYSTCIN0FLIFC衄跚鋤∞OF懈伽N燈YOFCA鼯A丑ALYSIS鋤DPLOM鋤OF懿ISL細LG,吣CA鯽T|SSYS蛔丑鯽∞嘲幽1旺PCLI蛐∞OFL派INM瑚∞OFDC、RELOPCD鯽砷FYSUCH鯧USA,G鋤卸Y捌JAP鋤FOF戚哪蛐∞,ANALY∞JND印LLH姐DSTUDYAB0岫TAG如TTS刪鋤OF蛾乜S哪OF哪啷K哆W岫UFCH蛐IANOCHSN瑚∞AGE丑TSYSTCML螂L懈CAGCNTACTI蚰H蛐瑚NCCA掣舡TSUL圮N,ISCSW柵朋BYL抽YR徹GSL巾盯VISCDBYDU齟KHNⅡ
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    • 簡介:華中科技大學碩士學位論文委托代理的激勵和監(jiān)督姓名余星申請學位級別碩士專業(yè)應用數(shù)學指導教師蹇明20061001華中科技大學碩士學位論文IIABSTRACTWHENTHEOWNERSHIPOFENTERPRISESMANAGEMENTRIGHTSSEPARATETHEPROBLEMOFPRINCIPALAGENTEMERGESBECAUSEOFASYMMETRICINFMATIONTHEPRINCIPALTHEAGENTPURSUITTHEIROWNINTERESTSUSINGTHEIROWNINFMATIONSUPERIITYOPPTUNISMINTHEANALYSISOFTHEPROBLEMOFPRINCIPALAGENTWEHAVETOPREVENTETHEOPPTUNISTICBEHAVIOUROFTHEPRINCIPALTHEAGENTITISIMPTANTFPRINCIPALTOGIVEAGENTINCENTIVEOVERSIGHTCONTRACTSSUPERVISINGINCLUDESTHESUPERVISINGBETWEENPRINCIPALAGENTBETWEENEXTERNALLEGALCHIEFPRINCIPALEMPLOYSTHETHIRDSUPERVISITOOVERSIGHTAGENTTHISPAPERPRIMARILYCONSIDERSTHREEPROBLEMSOFPRINCIPALAGENTTHEFEATURESOFINCENTIVECONTRACTWITHOUTSUPERVISINGTHEOPTIMALINCENTIVEMECHANISMUNDERSYMMETRYASYMMETRYINFMATIONWITHSUPERVISINGPROMOTINGCONCLUDFNESSFIRSTLYBASINGONTHETRADITIONALMODELSOFINCENTIVECONTRACTTHISPAPERCONSIDERSTHEINSTANCEOFSTOCHASTICOUTPUTUNDERCERTAINEFFTLEVELSGIVESTHECONDITIONOFINCENTIVECONTRACTTHERESULTINDICATESTHATINTRODUCEDINCENTIVECONTRACTISCLOSETOREALITYCASESECONDLYWITHOUTSEPERVINGWEDESIGNTHEOPTIMALINCENTIVECONTRACTTOAGENTWHENINTRODUCINGSTOCHASTICPROBABILITYDISCUSSTHESIGNIFICANCEOFTHESTOCHASTICPROBABILITYATLASTWITHSUPERVISINGWEGIVETHEOPTIMALINCENTIVECONTRACTTOTHESUPERVITHEAGENTDISCUSSTHECONDITIONOFCONCLUDFNESSBETWEENTHESUPERVISTHEAGENTINTRODUCINGTHEMODELOFCONCLUDFNESSKEYWDSINCENTIVEMECHANISMSUPERVISYMECHANISMSYMMETRYINFMATIONASYMMETRYINFMATIONINCENTIVECONTRACTCONCLUDFNESS
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      頁數(shù): 45
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    • 簡介:北京郵電大學碩士學位論文北京郵政代理保險業(yè)務發(fā)展研究姓名王君申請學位級別碩士專業(yè)工商管理指導教師趙國君20061029THEDEVEIOPINGRESEARCHOFBEIJINGPOSTAIAGENTINSURANCEABSTRACTINTHEFR鋤EOF帥IFYOFFINALLCIALSERVICE叫TUALINFLU印CE卸D皿IXTUREOFTHEBANKANDINSURANCEHASALREADYBEC伽EAFIOBVIOUSGLOBALTRENDDEVELOPINGBANKINSURANCEBUSINESSHASBEENACKNO_LEDGEDBYB卸KANDINSUR卸CEOFOURCOUNTRYANDATTHESAMETIME,ITHASBEC伽EANEBENEFITINCREASINGPARTUNDERTHEENVIRO加ENTOFPOSTALINNOVATI∞,ADJUSTINGTHEBUSINESSCONSTRUCTIONMAKINGPOSTALFINANCIALBR卸DBEC叩EEVENMOREF鋤OUS鋤DGET皿ORECUST衄ERSSTRENGTHENMARKETC伽幣ETITI伽A11DRESISTTHEFINANCIALRISKBEC鋤EAVERYIMPORTANTDEVELOPINGDIRECTIONRECENTLY,THEPOSTANDINSURANCEHASESTABLISHEDCOOPERATIONINMANYRANKSANDFIELDSITHASPROMOTEDALOTINTHEFIELDOFBUSINESSASE11ASINMANAGE珊ENTBUTINTHEFIELDSOFKNID1EDGE,METHODOFDEYELOPING,PRODUCTSSTRATEGY,THEFR鋤EOFMARKETINGETCOFINSURANCESTILLEXISTMANYPROBL咖S,HICHNEEDUSTESEARCHANDEXPLOREDEEPLYAFTERDEEPRESEARCH,INTHISSYST鯽SITUATION,USES霄0RR齟DOTHERAILALYZEDMETHODS。ACCORDINGTOTHERELATIVEECON鋤ICTHEORY’TOANALYZETHEDEVELOP皿ENTOFBEIJINGPOSTALAGENTINSURANCE,EXPLORE廿LEDEVELOPINGSTRATEGYOFPOSTALAGENTINSURANCEISTHE_AINASSIGN珥ENTKEY、ⅣORDSPOSTALAGENTINSUR卸CE,BANCASSURANCE,THEDEVELOPINGSTRATEGY
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    • 簡介:華東政法學院碩士學位論文論我國外貿(mào)代理制的法律性質(zhì)及存在問題姓名厲昉申請學位級別碩士專業(yè)民商法學指導教師鄭云瑞20061028上靜探討。首先分析了箕含義,并裰鬻實際情況佟了衙犖的定義。同時將外貿(mào)代遐與普通國際商棗代理加以區(qū)別。其次,分析了外貿(mào)代理的法律依據(jù)及擁關法律存在的問題。最精,著重分析了外貿(mào)代理的法律性質(zhì),一方面介紹了各種不同的淡點,另一方蘧搬據(jù)外貿(mào)實務,掇出了本文的戲點,勢譬理論囂靛主要鼴點作比較。第三牽分攢一些焱實殘孛影響芷礁鼗藪郎囊我瑾潮法籜髏矮懿爨素,其審探討了行業(yè)中比較突出的出口退稅以及代理方式的問題。對這些存在的問題,提磁了完善豹建議秘措施?!娟P鍵詞外貿(mào)代理,法律性質(zhì),存在闖題
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