Real estate finance is a fast-developing area where top quality research is in great demand. In the US, the real estate market is worth about US$4 trillion, and the REITs market about US$200 billion; tens of thousands of real estate professionals are working in this area. The market overseas could be considerably larger, especially in Asia.Given the rapidly growing real estate securities industry, this book fills an important gap in current real estate research and teaching. It is an ideal reference for investment professionals as well as senior MBA and PhD students.
The author of "A Random Walk Down Wall Street" explains why and how the Chinese economy is poised for significant gains in the near future. It highlights not only Chinese firms and industries but also multinationals in the U.S. and elsewhere that are likely to benefit from China's explosive growth.
This book introduces traditional and modern aesthetics and arts, comparing the similarities and differences between traditional and modern Chinese aesthetics. It also explores the aesthetic implications of traditional Chinese paintings, and discusses the development of aesthetics throughout history, as well as the changes and improvements in Chinese aesthetics in the context of globalization.
This book consists of two essays on new approaches for the Arbitrage Pricing Theory and the Present Value Model, and one essay on cross-sectional correlations in panel data. The new approaches are designed to study a large number of securities over time. They can be employed by security analysts to discover market anomalies without assuming observable factors or constant risk premium. The book shows how these two approaches can be used to determine how many systematic factors affect the U.S. stock market.
Advances in Geosciences is the result of a concerted effort to bring together the latest results and planning activities related to earth and space science in Asia and the international arena. The volume editors are all leading scientists in their research fields covering six sections: Atmospheric Science (AS), Hydrological Science (HS), Ocean Science (OS), Solid Earth (SE), Solar Terrestrial (ST) and Planetary Science (PS). The main purpose is to highlight the scientific issues essential to the study of earthquakes, tsunamis, atmospheric dust storms, climate change, drought, flood, typhoons, monsoons, space weather, and planetary exploration. This volume is abstracted in NASA''s Astrophysics Data System: http: //ads.harvard.edu. Contents: 3D Current Characteristics Simulation with ANN (C Z Chew et al.); Classification of Ocean Waves from the Data Buoy Measurements (R Balaji et al.); Intercomparison of Various Latent Heat Flux Products in the South China Sea (Zhen et al.); and other papers. Readership: Academics, researchers and postgraduate students in geosciences
This is the first collection of translations of Chinese film theory to be published in English. By using translations rather than summaries, as other works have done, Chinese Film Theory provides readers with an introduction to the issues current in China's film circles. It includes eighteen chapters written by a broad range of writers--from well established scholars to young people at the beginning of their involvement in film in China. This collection indicates a trend away from the study of external qualities of film and toward a study of the film itself. The volume has been carefully organized so that major issues are interrelated; thus, the book comprises an ongoing debate of film theory issues, progressing from earlier to most recent issues, following the debate concerning the relationship of film to literary arts, and looking at the debate over the relationship of film to culture. The book concludes that for the time being, debate has virtually ended because of the political situation in China. This book is an important new source to anyone interested in film studies, film theory, or Chinese studies.
Semi-arid regions are ecological security barriers that prevent arid regions from expanding and turning into deserts. The expansion of arid regions and desertification seriously threaten ecological security, and human society cannot achieve sustainable development in an insecure ecological environment. As the transitional zone between arid and humid regions, semi-arid regions lay the foundation of ecological safety for the development of human society.This book provides an overview of processes and mechanisms that characterize semi-arid climate change both regionally and globally. It explains systematically theoretical concepts , including land-atmosphere interactions, ocean-atmosphere interactions, and factors that contribute to climate change, including the impact of human activities. A summary of recent progress in the research in the field and the future of semi-arid regions are also discussed.This book is a specialized monograph and textbook for graduate students of Earth sciences. It is also suitable for undergraduate or graduate students in related majors such as those engaged in atmospheric science, climate change studies, and Earth sciences.
The most comprehensive glossary to date of Hui Muslim terms and the first to fully match the Chinese term (stated in Chinese script and pinyin) to its Arabic or Persian counterpart (stated in Arabic script with Latin transcription).
This book proposes a bank risk aggregation framework based on financial statements. Specifically, bank risk aggregation is of great importance to maintain stable operation of banking industry and prevent financial crisis. A major obstacle to bank risk management is the problem of data shortage, which makes many quantitative risk aggregation approaches typically fail. Recently, to overcome the problem of inaccurate total risk results caused by the shortage of risk data, some researchers have proposed a series of financial statements-based bank risk aggregation approaches. However, the existing studies have drawbacks of low frequency and time lag of financial statements data and usually ignore off-balance sheet business risk in bank risk aggregation. Thus, by reviewing the research progress in bank risk aggregation based on financial statements and improving the drawbacks of existing methods, this book proposes a bank risk aggregation framework based on financial statements. It makes full use of information recorded in financial statements, including income statement, on- and off-balance sheet assets, and textual risk disclosures, which solves the problem of data shortage in bank risk aggregation to some extent and improves the reliability and rationality of bank risk aggregation results. This book not only improves the theoretical studies of bank risk aggregation, but also provides an important support for the capital allocation of the banking industry in practice. Thus, this book has theoretical and practical importance for bank managers and researchers of bank risk management.
This book comprehensively describes the biological underpinnings of red meat production, discussing the current state of the science in the context of the provision of red meat products perceived by consumers to offer a quality eating experience. Covering advances in the science of red meat production, it focuses on production system elements that affect product quality. The chapters explore the latest developments in the determination of consumer preferences, and interpret of these preferences in terms of quality characteristics of red meat, investigating the science-based orchestration of red meat production to achieve product consistency. The book highlights topics such as consumer preferences, the biological and production system elements affecting red meat safety, and the intrinsic (appearance, aroma, and sensory quality) and extrinsic (humane animal and environmentally friendly production) characteristics of red meat. For each characteristic, it discusses the underlying biological and biochemical processes and examines means of altering production systems to impact consumer eating experiences. The book also features a perspective on creating holistic integrated systems for producing red meats to meet consumers’ expectations around the globe. Written by leading authorities in the area of global red meat production systems, it is a comprehensive resource for consumer-oriented red meat producers.
Innovation is the eternal theme in human and social development; it is the soul for a nation to advance and an inexhaustible driving power for a country to thrive' Preface, The Competitiveness of G20 Nations.Written and edited by some of China's leading economic advisers and Government officials, this unique book reveals exactly how China views the competitiveness of the world's leading nations. China's competitors.Using detailed research material and deep analysis, it probes the innovative competitiveness of each member of the G20 and their future prospects. The Competitiveness of G20 Nations argues that innovation is at the core of the growth prospects of each member of the G20 - an approach that reveals some of the theories and reasons behind China's stratospheric economic growth. Readers will benefit from a detailed innovation profile of each G20 nation (including China) highlights perceived strengths, weaknesses plus likely growth patterns.Published in association with Social Sciences Academic Press (China).
This book covers dynamic simulation of deformable objects, which is one of the most challenging tasks in computer graphics and visualization. It focuses on the simulation of deformable models with anisotropic materials, one of the less common approaches in the existing research. Both physically-based and geometrically-based approaches are examined. The authors start with transversely isotropic materials for the simulation of deformable objects with fibrous structures. Next, they introduce a fiber-field incorporated corotational finite element model (CLFEM) that works directly with a constitutive model of transversely isotropic material. A smooth fiber-field is used to establish the local frames for each element. To introduce deformation simulation for orthotropic materials, an orthotropic deformation controlling frame-field is conceptualized and a frame construction tool is developed for users to define the desired material properties. The orthotropic frame-field is coupled with the CLFEM model to complete an orthotropic deformable model. Finally, the authors present an integrated real-time system for animation of skeletal characters with anisotropic tissues. To solve the problems of volume distortion and high computational costs, a strain-based PBD framework for skeletal animation is explained; natural secondary motion of soft tissues is another benefit. The book is written for those researchers who would like to develop their own algorithms. The key mathematical and computational concepts are presented together with illustrations and working examples. It can also be used as a reference book for graduate students and senior undergraduates in the areas of computer graphics, computer animation, and virtual reality. Academics, researchers, and professionals will find this to be an exceptional resource.
Real estate finance is a fast-developing area where top quality research is in great demand. In the US, the real estate market is worth about US$4 trillion, and the REITs market about US$200 billion; tens of thousands of real estate professionals are working in this area. The market overseas could be considerably larger, especially in Asia. Given the rapidly growing real estate securities industry, this book fills an important gap in current real estate research and teaching. It is an ideal reference for investment professionals as well as senior MBA and PhD students. Contents: Introduction: Real Estate Analysis in a Dynamic Risk Environment; The Predictability of Returns on Equity REITs and Their Co-Movement with Other Assets; The Predictability of Real Estate Returns and Market Timing; A Time-Varying Risk Analysis of Equity and Real Estate Markets in the US and Japan; Price Reversal, Transaction Costs, and Arbitrage Profits in Real Estate Securities Market; Bank Risk and Real Estate: An Asset Pricing Perspective; Assessing the OC Santa ClausOCO Approach to Asset Allocation: Implications for Commercial Real Estate Investment; The Time-Variation of Risk for Life Insurance Companies; The Return Distributions of Property Shares in Emerging Markets; Conditional Risk Premiums of Asian Real Estate Stocks; Institutional Factors and Real Estate Returns: A Cross-Country Study. Readership: Financial researchers, real estate investors and investment bankers, as well as senior MBA and PhD students.
The author of "A Random Walk Down Wall Street" explains why and how the Chinese economy is poised for significant gains in the near future. It highlights not only Chinese firms and industries but also multinationals in the U.S. and elsewhere that are likely to benefit from China's explosive growth.
This book consists of two essays on new approaches for the Arbitrage Pricing Theory and the Present Value Model, and one essay on cross-sectional correlations in panel data. The new approaches are designed to study a large number of securities over time. They can be employed by security analysts to discover market anomalies without assuming observable factors or constant risk premium. The book shows how these two approaches can be used to determine how many systematic factors affect the U.S. stock market.
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