在合作伙伴间建立合理的收益分配格局是解决联合创业投资中道德风险问题和保持联盟稳定性的关键因素;由于现实世界中合约不完全性的普遍存在,导致剩余控制权的分配在联合创业投资的契约设计中至关重要。综合运用信息经济学、心理契约以及不完全契约理论,探讨了维持联合创业投资战略联盟系统稳定性的有效心理契约机制;通过对信息不对称下主导型与跟随型创业投资公司之间特定控制权和剩余控制权分配模型的分析,得到合作伙伴收益分配的契约组合,通过这种契约的安排,可以部分消除主导型与跟随型创业投资公司之间的信息不对称、弱化跟随者的搭便车与机会主义行为、提高联合创业投资的收益水平。

The residual control rights and residual claim is the core issue in enterprise internal governance mechanism,this paper integrate the residual rights of control and claim of corporate governance into the excess control analytical framework of the ultimate controller,based on the data of 166 state-owned listed companies in Shenzhen stock exchange market,and examined the relationship between residual control rights,residual claim and corporate performances under excess control and non-excess control,concluded a series of valuable research findings.The result of study also shows that,there is no significant impact for the separation coefficient of control right and cash flow right to State-owned listed companies' performance,and it's contribute to improving corporate performance that expand the share proportion of residual control rights and residual claim to managers in technology(human capital) intensive industries.

文章从我国外贸规模与速度、出口商品结构、对外贸易金融风险、汇率、对外贸易方式、对外贸易地理方向、国际贸易政策七个方面分析了金融危机对我国的影响。最后提出了政策思路,并从金融、财政、组织方面采取应对措施。

This article firstly perfected the studying scale through a little sample survey to the venture capital firms and venture capital-backed firms in Xi'an,then,used the data from 112 venture capital-backed firms of four places in Nanjing,Hefei,Xi'an and Jinan,and the methods of reliability verification,exploratory factor analytic and canonical correlation analysis to study the relationship among partner selection,partnership and venture enterprise growth performance.The result of study shows that:in syndication of venture capital,the appropriate partner selection can promote the fostering of strong partnership;an appropriate partner selection will promote the venture enterprise growth performance significantly;and a strong partnership can promote the venture enterprise growth performance significantly.

Based on the data of 210 state-owned listed companies in Shenzhen stock exchange,this paper examined the relationship between residual rights of control,residual rights of claim and growth performances of corporation using Canonical Correlation Analysis.The result of study shows that,in traditional companies,there are weak correlations among the residual rights of control,residual rights of claim and growth performances of corporation,the ratio of executive director in board and growth performances of corporation are negative relevant,the main factor that influence traditional companies' growth performances is the residual rights of control;in state-owned new high-tech companies,general manager serving concurrently board chairman or vice-board chairman,managerial ownership and growth performances of corporation are positive relevant,the main factor that influence new high-tech companies' growth performances is the residual rights of claim.So,the emphases of governance structure reform in traditional state-owned listed companies is optimizing the structure of board,reduce the number of executive director in board in an appropriate amount or degree,and the emphases of governance structure reform in new high-tech state-owned listed companies is enlarge the participation scale of residual rights of claim for enterprise's operator,establishing and completing the incentive mechanism of equity and option.

<span id="ChDivSummary" name="ChDivSummary" class="abstract-text">本文结合1990²005年中国省际面板数据,运用DEA方法测算了各省历年的全要素生产率变化,用以度量广义技术进步,并对技术进步的就业效应以及不同技术进步路线与就业增长的关系进行实证分析。研究表明虽然技术进步有助于三次产业间就业结构的调整与优化,但实证结果显示现阶段技术进步对中国就业增长产生了不利影响;虽然这并不意味着政府促进技术进步的举措就不利于实现就业的增长,但通过促进教育和培训事业的发展、鼓励科技创新等手段,政府促进技术进步的政策取向可以在不同程度上促进就业的增长,可以抑制技术进步对就业增长的挤出作用。</span>

The change in Total Factor Productivity(TFP) from 1990 to 2005 in every province in China is estimated by DEA model.The effects of technical progress on employment between developed regions and underdeveloped regions are compared by Panel Data Model.And the relations between the choice of technical progress policy and employment growth are compared in two regions.The paper explores that the effects of technical progress on employment amount and structure are different in two regions.And the technical progress exhibits a significant negative effect on employment growth in total in underdeveloped regions,but the effect on employment which is from the policy of education-oriented and science-oriented is positive there,and the coordination development between technical progress and employment growth can be come true by adding fiscal expenditure on education,science and technology there.

On the basis of the analysis of technical progress reflected by the change in total factor productivity (TFP) which is estimated throw DEA model by adopting a provincial panel data from 1990 to 2005 in China, the paper explores the effect of technical progress and technical progress policy on employment and argues that despite its aid to optimization of employment structure,technical progress eyhibits a significant negative effect on employment growth which can be better relieved or eliminated by adding fiscal expenditure on education, enlarging science and technology promotion funds,and encouraging enterprises to innovate.

This paper analyzes the control rights structure and growth ability of enterprise by canonical correlation analysis method on the basis of 30 listed companies, of which shareholders include venture capital companies in Shanghai and Shenzhen stock market in 2006. It shows that there is a significant correlation between the control rights structure and the growth ability of venture enterprises, and the proportion of venture capital companies in the board of directors and the venture capital companies having the control rights are the main factors, which influence the growth of the venture enterprises.

According to the statistic results of the investigation on the technology transfer projects in universities,it analyzes the restraint factors of patent technology transfer and industrialization.On this base,it puts forward some countermeasures and proposal about patent technology transfer in universities,in the purpose of impelling the development of patent technology transfer and industrialization in China's universities.

As viewed from the industrial correlation, the inter-relations among the enterprises in the industrial park can be classified into the vertical and horizontal relations.The system theory and graph theory are used to topologize this relation into a kind of network,with which the relation network in the industrial park is denoted,on the basis of which NK correlation network model is introduced,whereby obtaining relation in the relation network in the industrial park and the variation affecting the conformation and development of relation network in the industrial park.Also,this paper analyzes the main effects of relation network in the industrial park.

By analyzing the kinds of risk and participants in project financing in this paper,the optimal principle of project financing risk distribution through the game theory analysis is studied.The authors use the fuzzy analytic hierarchy process to establish the participants risk matrix,then,solve the matrix through Hungarian Algorithm according to the principle of risk effective distribution.After optimization,the best one who should undertake the risk will be decided.

本文在对现有地区发达程度划分方法进行评析的基础上,按照欠发达地区特征,选取21个反映地区发达程度的指标,通过聚类分析方法,对我国地区发达程度进行了进一步的划分。

从分配问题的最优化实质出发,本文分析了项目融资的风险类别和利益相关者,利用模糊层次分析法,建立项目融资各参与方的风险矩阵,按照风险最优分配原则,使用匈牙利法对模型求解,为各类风险确定最优承担者。

The study on termination decision in this article based on uncertain states, first of all,using cluster analysis to judging the project's progress, in quantitative method; then, applying safety-boundary analysis to estimate, whether or not the venture capital project's merit capital is worth to continuously invest;at last,we must make the invest decision based on integrated estimation, both cluster analysis and safety-boundary analysis.