创业投资与金融体系关系的实证研究

本文实证研究了创业投资产业与金融体系的内在关系,并对目前我国以银行为中心的金融体系下发展创业投资产业提出了一些建议.     

我国封闭式投资基金业绩评价实证研究

随着我国基金行业超常发展,恰当的分析和评价基金业绩已越来越重要。本文根据CAPM的基本原理,利用国外先进的基金业绩评价方法对我国封闭式基金的综合业绩进行实证研究。研究结果表明:总体来看,基金获得的市场超额收益显著为负。基金经理不具有证券选择能力,但具有一定的市场择时能力,但这两种能力均不显著。同时,我们还发现不同投资风格的基金经理具有不同的证券选择能力和市场择时能力。     

Compact, reliable asymmetric optical configuration for cost-effective fabrication of multiplex dot matrix hologram in anti-counterfeiting applications

This study presents a compact optical configuration that can generate a multiplex dot-matrix hologram with complex interlaced images for anti-counterfeiting applications on valuable paper. Varying the orientation of the interference plane can enable the multiplex hologram to be recorded without changing the interference angle of two laser beams. With its simple asymmetric optical setup, a multiplex hologram with many interlaced images can be efficiently fabricated, increasing the cost of imitation. Experimental details of the asymmetric optical setup are also described.     

证券价格按几何布朗运动变化的微观解释

金融市场研究中经常不加解释地假设证券价格按几何布朗运动变化 .本文通过假定投资者要求来自证券的期望收益率与证券价格无关 ,在理想市场的前提条件下 ,对证券价格运动将遵循有漂移率的几何布朗运动给予严格的证明 .     

Constructing Space for Science at the Royal Institution of Great Britain

Those who have worked in the Royal Institution of Great Britain have, since its foundation in 1799, made significant contributions to scientific knowledge, to its practical application, and to its communication to a wide variety of audiences. Such work cannot be carried out in an architectural vacuum, and in this paper we examine how the buildings of the Royal Institution, 20 and 21 Albemarle Street in central London, have shaped the work undertaken within its walls and how, on a number of occasions, the buildings have been reconfigured to take account of the evolving needs of scientific research and communication. This paper is based on the Conservation Plan of the Royal Institution that we wrote during 2003. The Conservation Plan did not examine the land owned by the Royal Institution to the north (i.e., 22 and 23 Albemarle Street; for this area see Richard Garnier, “Grafton Street, Mayfair,” Georgian Group Journal 13 (2003), 210–272), but it did discuss 18 and 19 Albemarle Street. In this paper we concentrate on the core Royal Institution buildings at 20 and 21 Albemarle Street. Other studies of the relationship of architecture,space, and science include Crosbie Smith and Jon Agar, ed., Making Space for Science: Territorial Themes in the Shaping of Knowledge (Basingstoke: Macmillan, 1997); Peter Galison and Emily Thompson, ed., The Architecture of Science (Cambridge, Mass.: MIT Press, 1999); and Sophie Forgan,“The architecture of science and the idea of a university,” Studies in History and Philosophy of Science 20 (1989), 405–434. Frank A.J.L. James is Professor of the History of Science at the Royal Institution; he has written widely on the history of nineteenth-century science in its social and cultural contexts and is editor of the Correspondence of Michael Faraday. He is President of the British Society for the History of Science. Anthony Peers is an Associate of Rodney Melville and Partners where he works in the field of building conservation as an architectural historian. He is a Council member of the Ancient Monument Society.     

Quantum Key Distribution Using Four-Qubit W State

A new theoretical quantum key distribution scheme based on entanglement swapping is proposed, where four-qubit symmetric W state functions as quantum channel. It is shown that two legitimate users can secretly share a series of key bits by using Bell-state measurements and classical communication.     

油价波动对国民经济影响模型构建与应用

为了科学构建原油价格波动与国民经济发展的关系,在借鉴国内外专家学者相关模型基础上,考虑不同国民经济指标对油价波动的时滞反馈等因素,构建油价波动对国民经济影响模型.利用原油价格波动对国民经济发展的动态模型,对模型的各部分关系系数进行确定,最后根据所得到的模型对国民经济影响进行实际分析与预测,并得出规避油价波动影响风险的措施.     

宁波城市设计的若干思考与建议

通过探讨城市设计概念的形成过程和历史积淀，阐明其在城市建设中的意义，并运用城市设计的理论与分析方法，针对目前宁波城市大规模的规划、设计、改造现象，提出若干思考与建议．     

Phase-Only Encryption and Single Path Decryption System Using Phase-Encoded Exclusive-OR Rules in Fourier Domain

A phase-only encryption scheme using phase-encoded exclusive-OR (XOR) rules in a Fourier plane and a single path decryption system are presented. To generate phase-only encrypted data, a zero-padded original image, multiplied by a random phase image, is Fourier transformed and its real-valued data is encrypted with key data by using phase-encoded XOR rules. Since the original information is encrypted on the Fourier plane, the proposed encryption is more tolerant to loss of key information by scratching or cutting than previous XOR encryption in a space domain. A decryption is simply performed based on 2-f setup with spatial filter by Fourier transform for multiplication phase-only encrypted data with phase-only key data. Due to single path architecture without a reference wave, the proposed system is resistant to mechanical vibrations and fluctuation. Numerical simulations have confirmed the validity of the proposed encryption scheme and simple decryption architecture.