The Q theory of investment, the capital asset pricing model,and asset valuation:a synthesis

The paper combines Tobin's Q theory of real investment with the capital asset pricing model to produce a new and relatively simple procedure for the valuation of real assets using the income approach. Applications of the new method are provided.     

自创无形资产的确认与计量

无形资产作为企业资产的重要组成部分,伴随着社会的进步无形资产的对企业的贡献将日益显著。本文将着重从无形资产定义、特征、确认与计量、问题与对策等几个方面重点论述在新的准则之下自创无形资产核算范围,确认条件和计量方法以及在新准则实施之后可能会在会计实务中遇到的问题,寻求更为合理的处理思路与方法以便于无形资产更加合理的核算,更为客观地反映企业的经营业绩。     

The Q theory of investment,the capital asset pricing model,and asset valuation:a synthesis

INTRODUCTION This paper combines the economic theory ofreal investment and the standard financial model ofasset pricing to produce a method for the valuationof real assets; and intentionally uses relativelysimple versions of these two theories to link eco-nomics, finance, and appraisal. Numerical exam-ples using data on real estate assets illustrate thevaluation method. The Q theory of investment, introduced byJames Tobin (1969), is popularly accepted theory ofreal investment hypothesize…     

Impact of Hands‐On Research Experience on Students’ Learning in an Introductory Management Information System Course

Although students in Introductory Information Systems courses are taught new technology concepts, the complexity and constantly changing nature of these technologies makes it challenging to deliver the concepts effectively. Aiming to improve students’ learning experiences, this research utilized the five phases of design science methodology to develop an experiment to solve a real‐world problem, and then implemented it in an undergraduate classroom. As part of their classwork, students participated as subjects testing new information technologies to solve a real‐world problem. They were asked to complete a questionnaire and answer questions in a focus group to assess the effectiveness of the technologies tested and determine whether the experience had added to the learning they gained from the course. The results revealed that the students were able to use the new technologies effectively and provide useful feedback to the company sponsoring the study, contributing to the release of a new commercial product line. Students also reported that participating in this research project improved their satisfaction with the introductory MIS course. These results encourage educators to conduct hands‐on experience involving real‐world research projects since they provide valuable additional learning opportunities in introductory MIS courses.     

Using Real‐Life Major League Baseball Data in an Introductory Statistics Course

A primary goal of introductory statistics courses is to develop a student's ability to think statistically. To motivate students to this end, the literature suggests that statistics courses use exercises that are relevant and familiar to students. Work in educational psychology highlights the importance of connecting new concepts to pre‐existing knowledge, mental models, or schema. One method to meet these criteria is to develop exercises and problems that use real‐life data. While real‐life data provide a context for the application of statistical methods, the data does not necessarily provide a context or process for developing the ability to think statistically. This teaching brief describes a set of logical, sequential, and ready‐to‐use exercises that motivate statistical inquiry and thought in line with the GAISE College Report recommendations. The exercises use real‐life data freely sourced from Major League Baseball and the nonfiction story of Moneyball: The Art of Winning an Unfair Game. Student reactions indicate that these exercises, which are anchored in real‐life data with a real‐life story, are successful in motivating student interest in statistics.     

Blackmore,Paul & Kandiko,Camille ed (2012) Strategic curriculum change Routledge (New York & London) isbn 978‐0‐415‐80934‐4 217 pp £24.99 http://www.routledge.com/books/details/9780415809344/

This book examines strategic curriculum change through a study of change activities within a group of international research‐based universities. It echoes a range of concepts, processes and tools relevant to curriculum change by way of real world (even if occasionally rarefied) case studies from each of these institutions. The target readers include university leaders at all levels and academic curriculum developers. Sara Hammer     

Learning,Media, and the Case of Dax Cowart: A Comparison of Text,Film, and Interactive Multimedia

Alternate reality games (ARGs) are a relatively new form of collaborative game that make use of both the virtual and real worlds to engage players in a series of challenges within a compelling narrative. The Alternate Reality Games for Orientation, Socialisation and Induction (ARGOSI) project aimed to use this game format to provide an alternative way to support the student induction process at Manchester Metropolitan University. The ViolaQuest game provided a mechanism for new university students to meet with others, navigate a new city and undertake information literacy induction activities within a purposeful context. The project ran from April 2008 to March 2009, and while the game itself had limited success in terms of student participation and impact, there were many lessons learned in terms of appropriate design and implementation of alternative reality games to support learning. This article describes the evaluation, results, lessons learned and raises a number of questions as to the suitability of ARGs in higher education.     

Web‐Based Project and Key Skills Work

Pupils in England and Wales are increasingly being asked to undertake investigative‐type work, be it the new compulsory projects in data handling for GCSE Mathematics (age 14–16) (see Browne 2002 ) or the Key Skills topic application of number. This article shows how teachers can generate realistic project scenarios using real data and produce indicative model solutions from the same data. The projects range from simple presentational problems for data, through hypothesis testing to complex modelling scenarios.     

Model‐Free CUSUM Methods for Person Fit

This article demonstrates the use of a new class of model‐free cumulative sum (CUSUM) statistics to detect person fit given the responses to a linear test. The fundamental statistic being accumulated is the likelihood ratio of two probabilities. The detection performance of this CUSUM scheme is compared to other model‐free person‐fit statistics found in the literature as well as an adaptation of another CUSUM approach. The study used both simulated responses and real response data from a large‐scale standardized admission test.     

Borrelli,Mill, Emily and Me

In this paper, I explore the insights suggested by Michele Borrelli's ‘The Utopianisation of Critique’ in the context of a real‐life educational encounter that involves an attempt at being ‘critical’. Borrelli's observation that all positive utopian critique implies an inevitable degree of dogmatism takes on a new—and less depressing—significance when examined in the light of such an encounter. Acknowledging the tensions suggested by Borelli's analysis is, I argue, what makes a particular educational stance ‘critical’. Rather than leading to conceptual confusion, this should be seen as integral to the transformative and motivational potential of the educational process.     

“玩概念”到“做概念”，邢台地产的进化之路

近年来,随着房地产行业的快速发展,行业内的竞争、资源的整合、国家各种政策法规的相继出台特别是“京七条”的推出,使房地产行业逐渐趋于成熟。在国家新政限购令出台的市场环境中,房地产开发商必须审时度势、力求以差异化的产品占领先机,以求在激烈的竞争中站稳脚跟。当前新环境下以邢台市房地产市场为例说明三四线城市房地产企业有哪些基本的营销策略,不足的地方及改进措施。     

Being ‘nuff’ and ‘scudding class’: exploring girls’ and boys’ perceptions of popularity,gender and achievement in Antiguan secondary schools

This paper will report on the findings from classroom observations and focus group discussions conducted on the topic of popularity and fitting in at school with girls and boys from four government secondary schools in Antigua. The findings show that whilst boys did experience difficulties negotiating academic success and acceptable masculinities, the consensus was that popularity was associated with low achievement for both girls and boys. However, there was evidence that some girls were able to work hard and maintain better peer relations than other high achieving students, but that this ‘balancing’ required conformity to hetero‐feminine norms as well as the espousal of rigid views about what girls can and can't do. This suggests that real equality is far from being reached.     

社会转型期青年网恋行为的缘起、发生及影响研究

网恋者因为现实挫折而在网上随意地选择一个交往对象进行感情交流,网恋者之间的巨大的社会距离使得“下载”到现实中的感情变得脆弱,带给个人新的痛苦和尴尬。     

A Framework for Measuring the Amount of Adaptation of Rasch‐based Computerized Adaptive Tests

A key consideration when giving any computerized adaptive test (CAT) is how much adaptation is present when the test is used in practice. This study introduces a new framework to measure the amount of adaptation of Rasch‐based CATs based on looking at the differences between the selected item locations (Rasch item difficulty parameters) of the administered items and target item locations determined from provisional ability estimates at the start of each item. Several new indices based on this framework are introduced and compared to previously suggested measures of adaptation using simulated and real test data. Results from the simulation indicate that some previously suggested indices are not as sensitive to changes in item pool size and the use of constraints as the new indices and may not work as well under different item selection rules. The simulation study and real data example also illustrate the utility of using the new indices to measure adaptation at both a group and individual level. Discussion is provided on how one may use several of the indices to measure adaptation of Rasch‐based CATs in practice.     

Sustainability,Higher Education and the Learning Society

The Dearing Report emphasised the idea of a 'learning society' as the new context of UK higher education, but conceived this on a model of adaptivity to economically- and technologically-driven change. While there are real shifts in their social relations here with which universities have to reckon, they can also be understood on a much richer model of exploratory social intelligence. The growing concern for environmental sustainability is both a recognition of the need for this alternative model, and a major ground of its importance.     

两个Ramsey数R(m,n,l)和R(m,n,l,s)的含参数的上界

Ｉｎ 1935 ,Ｐ .Ｅｒｄ¨ｏｓａｎｄＧＳｚｅｋｅｒｅｓｏｂｔａｉｎｅｄｔｈｅｃｌａｓｓｉｃａｌｉｎｅｑｕａｌｉｔｙＲ (ｍ ,ｎ)≤Ｒ (ｍ - 1,ｎ) Ｒ(ｍ ,ｎ - 1) .　Ｉｎ 196 8,Ｋ .ＷａｌｋｅｒｐｒｏｖｅｄｔｈａｔＲ(ｎ ,ｎ)≤ 4Ｒ(ｎ- 2 ,ｎ) 2 .　Ｉｎ 1998,ＨｕａｎｇＹ .Ｒ .ａｎｄＺｈａｎｇＫ .Ｍ .[1,2 ] ｐｒｏｖｅｄｔｈａｔＲ(ｍ ,ｎ)≤ 12 (β 3γ 5 ) 　　12 γ(4α 2 β - 3γ 6 ) (β 1) 2　Ｉｎｔｈｉｓｐａｐｅｒ ,ｗｅｏｂｔａｉｎｓｏｍｅｎｅｗｕｐｐｅｒｂｏｕｎｄｓｆｏｒＲ(ｍ ,ｎ ,ｌ)ａｎｄＲ(ｍ …     

Parental asset accumulation trajectories and children's college outcomes

The effects of parental assets on children's educational outcomes have mainly been explored from the perspective of asset holdings. However, the process of asset accumulation may also have effects. While asset-based policies are predicated on the premise of asset accumulation, little is known about the effects of different asset accumulation trajectories. This study attempts to fill this gap. The results indicate that youths born into households that had asset holdings significantly higher than zero have better college outcomes compared to youths born into households with lower levels of net worth that did not increase significantly over time. However, when lower-wealth households experience significant asset accumulation over time, youths from these households have similar educational outcomes as youths from wealthier households. Finally, the results indicate that the effects of assets are partially or fully mediated by the mother's educational expectations. Implications for asset-based policy are discussed.     

国际视野下学习工厂的要素、教学与发展

新工业革命下,未来工作要求和相关能力的变化需要劳动者能够快速适应新环境、新情况、新技术,采取自主工作行动找到创造性的解决方案,工程教育需要新的教学理念、创新性的学习环境和学习方法以应对挑战.学习工厂为学习者提供跨学科的基于实践经验的学习机会,学习者在接近真实生产的环境中通过自主行动完成企业生产流程中面向产品全生命周期的...     

新技术、新经济对教育的影响

新技术、新经济的发展正使教育领域引起一场真正的革命，教育在国家和社会生活中的作用发生了历史性的变化。已从社会边缘进入了中心地位。应当将新技术、新经济对教育(包括现代远程教育)的影响，特别在我国的发展和实践，作一番认真的考察。