Does the stock market value the inclusion in a sustainability stock index? An event study analysis for German firms

This paper empirically analyzes the effect of the inclusion of German corporations in the Dow Jones STOXX Sustainability Index (DJSI STOXX) and the Dow Jones Sustainability World Index (DJSI World) on stock performance. In order to receive robust estimation results, we apply an (short-term) event study approach that is based on both a modern asset pricing model, namely the three-factor model according to Fama and French [24], and additionally a t-GARCH(1,1) model. Our empirical results suggest that stock markets may penalize the inclusion of a firm in sustainability stock indexes. This finding is mainly driven by a strongly negative effect of the inclusion in the DJSI World. In contrast, we do not find significant average cumulative abnormal returns for the inclusion in the DJSI STOXX. This suggests that the inclusion in a more visible sustainability stock index may have larger negative impacts.     

依据材料与构件的受弯性能综合评价ECC的控裂性

为了研究国产的工程水泥基复合材料(Engineered Cementitious Composites,ECC)和普通聚乙烯醇(Polyvi-nyl Alcohol,PVA)纤维混凝土对结构增韧和控裂的效果,分别采用材料试验和构件试验进行研究。通过四点弯曲试验,发现ECC的峰值荷载和峰值荷载对应的拉应变要远远大于普通混凝土、PVA纤维混凝土,而且ECC起裂以后,裂缝宽度较小,且发展较慢,控制较好;采用不同高度的ECC、PVA纤维混凝土作为钢筋混凝土梁底保护层,发现1/4h ECC对钢筋混凝土增韧的效果最好,且裂缝宽度为0.2mm时,1/4h ECC的承载能力比普通钢筋混凝土提高1.6倍,峰值荷载比普通钢筋混凝土提高约12%;同时发现,在相同荷载作用下,采用ECC作为梁底保护层时,裂缝宽度比钢筋混凝土小,且可以有效地控制裂缝宽度的快速增长,间接提高结构的耐久性。     

低碳城市建设中不同行为主体的行为模式解析

随着工业化、城市化进程的快速推进,城市要面对能源消费、热岛效应、气候变化等一系列挑战。为了应对这些挑战,我们必须建设低碳城市。具体分析了中国低碳城市建设的困境,基于微观行为主体的视角,构建了＂MOCIC＂分析模型,最后从政府、企业、居民3个层面提出了中国低碳城市建设的对策。     

中欧事故报告与调查处理比较研究

事故调查是安全生产工作中的重要环节,是对生产安全事故及时处理、发现问题的重要手段,其目的在于找出导致事故发生的可能原因,进而提出防止类似事故再次发生的对策措施。从法律依据、事故分级、事故调查程序、事故调查主体、调查组组成、事故调查期限、责任追究、事故调查经费来源、信息公开等方面开展了我国与欧盟的事故报告与事故调查处理对比分析,剖析了我国目前事故报告与调查处理的工作存在的一些问题,研究和借鉴了欧盟的一些先进理念和做法,并提出改进我国事故报告与调查处理的若干对策建议。     

中国GBZ2.1与德国MAK工作场所化学有害因素职业接触限值比较研究

系统比较中国现行职业接触限值标准GBZ2.1-2007与德国职业接触限值MAK在定义、制定原则和具体数值方面的差异,为中国GBZ2.1的修订提供建议和依据。将 GBZ2.1中规定的OELs与德国MAK于2015年公布的化学有害因素 OELs ,按不同类型建立比较分析数据库,并进行比较分析,分析结果表明:中德2国在职业接触限值的制定原则,化学有害因素的来源、数量与标识等方面有显著差异。 因此,我国应加强对化学性有害因素孕期毒性接触限值的研究和应用。中德在选择化学性有害因素制定OELs时各有侧重,我国在重金属方面制定的OELs,如:钴、钼、铍、铊等,是德国MAK以及美国ACGIH中所未有的,而德国则不再为致癌物质制定OELs。中、德均制定有OELs的化学性有害因素在数值上差异较大,中国有部分OELs同时高于德国MAK和美国ACGIH。我国的职业接触限值更新频率较慢,应缩短OELs更新周期,在对现行的GBZ2.1进行制修订时,可将发达国家OELs作为1项参考。德国风险分级评估方法对致癌物质的管理和评估值得进一步探讨及研究。     

中国经济转型阶段建设用地增长极限计量研究

论文以中国经济发展进程中的建设用地增长态势为研究起点,在把握经济发展与建设用地增长规律的基础上,提出建设用地增长极限命题;通过构建边际模型,计量建设用地增长的极限时点,进而剖析时空变化规律。结果表明:①1978-2000年间中国经济发展与建设用地增长具有周期性波动特征,两者波动周期基本一致;②中国建设用地增长极限平均时点为2047年左右,不同省(市)建设用地增长极限特征不论时间纵向还是空间横向比较,都大致沿东南-西北线依次分级;③东部地区较早达到建设用地增长极限,其中上海、江苏和广东等11个省(市)早于全国平均时点,河北、四川和青海等其余19个省(市)晚于全国平均水平,东部地区建设用地增长压力较大,中、西部地区增长压力相对较小。最后,论文提出提高中、西部地区的土地利用效率,控制粗放利用,鼓励技术创新等加快逼近建设用地增长极限的政策和建议。     

Prevalence of Musculoskeletal Disorders at Workplaces in the People’s Republic of China

This paper presents 2 musculoskeletal disorders questionnaire surveys in 10 different Chinese occupational groups. Data collected from 1,603 workers using a modified Nordic musculoskeletal disorders symptom questionnaire showed that the 12-month prevalence of musculoskeletal disorders, particularly in the low back and shoulder-neck regions, was high at many Chinese workplaces. Significant differences existed between occupational groups. Assembly workers usually had higher neck-shoulder complaints compared to workers in most other occupations. However, the nature of assembly seemed also to influence the prevalence rate. Workers at a cassette recorder and a TV set assembly plant appeared to have more neck complaints compared with a group of thermos flask assemblers.     

Quantitative assessment in safety reports of the consequences from the detonation of solid explosives

Safety reports are mandatory documents in member states of European Union whenever any threshold limits of amounts of either stored or processed hazardous substances are exceeded. After a short introduction to EU Seveso Directives on major-accident hazards involving dangerous substances and to the transposition and implementation by member states, with a brief comment on last 2012/18/EU Directive (also known as Seveso III directive), the paper focuses on drafting of safety reports for industrial activities involving solid explosives. Specifically, the quantitative assessment of consequences from detonation is tackled respect to the side-on overpressure and the debris production. Both direct and inverse problems are illustrated to determine respectively the overpressure value at a given distance, and the explosive amount that allows respecting the regulations. Their solution is based on either analytic or numerical techniques and being based on recent scientific publications on the matter either evaluates or zeroes nonlinear algebraic equations. The availability of these equations avoids grounding the consequences assessment on diagrams and nomograms that otherwise would lead to interpretation and usage errors besides avoiding the automatic solution of the inverse problem. The paper focuses also on details such as embankment, crater, munitions, rocket propellant, building structure, and wall material that, at different levels, play a role in the assessment of detonation consequences. A discussion on debris formation, the available literature, and the evaluation of the impact probability of fragments on both fixed and moving targets closes the paper.     

高速铁路信号系统的安全管理评价研究

高速铁路信号系统要通过安全管理来保障其开发与运行中的安全相关活动符合系统安全计划的要求。为了评估安全管理活动的可信性,提出基于系统安全分析技术的安全管理评价方法。通过建立安全管理流程与系统安全功能相关联的概念模型,使用安全文化危险与可操作性研究(SCHAZOP)辨识出安全管理流程中的行为偏差,基于失效传导转换符号(FPTN)建立管理角色的安全文化失效模型,最终将管理行为失效模式转换成组件故障树作为安全管理评价证据。研究结果表明,安全管理行为偏差体现了信号系统开发与运营过程中的安全文化特征;辨识与分析安全文化失效,为信号系统安全管理活动的可信性提供了评价依据。     

基于客源市场实证分析的乡村旅游发展模式研究——以成都市三圣乡为例

本文选择成都富有特色的乡村旅游个案调查,对客源市场采用Likert Scale方法和SPSS软件分析,对如何凸显地方特色,构建“乡村—生态—民俗文化”的乡村旅游发展模式,推动乡村旅游可持续发展,提出了现实指导建议.