The stock enhancement programs for black sea bream Acanthopagrus schlegelii have been conducted in China for a fewyears.However,little information has been reported concerning the effectiveness and genetic effect of b...The stock enhancement programs for black sea bream Acanthopagrus schlegelii have been conducted in China for a fewyears.However,little information has been reported concerning the effectiveness and genetic effect of black sea bream stock enhancement.In order to detect the contribution of released individuals in Zhujiang River Estuary(ZRE)and Daya Bay(DB),six microsatellite markers were used to identify the hatchery-released individuals.In addition,this pedigree of hatchery populations(broodfish and hatchery-released offspring)was traced to detect the number of effective parents(N_(e)),the inbreeding coefficient and the decrease of genetic variability in the reproduction.The pedigree reconstruction showed that at least 69(out of 93)broodfish had offspring.The estimated N_(e) was 54.8,consequently the inbreeding coefficient was 0.91%.The genetic diversity of hatchery-released offspring was lower than that in that of broodfish(heterozygosity alleles,0.727-0.774),some alleles(number of alleles,61-69)and genetic variance were lost during reproduction.It was observed that wild samples had higher levels of genetic diversity compared with hatchery populations as well as recaptured samples in releasing area.A total of 128 hatchery-released black sea bream were identified among 487 recaptured samples in ZRE,while a total of 15 samples were identified among 96 samples in DB.In summary,there was a high survival of released fish.N_(e)vertheless,the results provided evidence to consider a loss of genetic variation in hatcheryreleased stock and a negative genetic effect of the stock enhancement.展开更多
The study is on a linear model of the relationship between the systematic risk and the micro-economic leverage and analyzed the data from the steel, energy source and chemical fibre industry listed companies in the Ch...The study is on a linear model of the relationship between the systematic risk and the micro-economic leverage and analyzed the data from the steel, energy source and chemical fibre industry listed companies in the Chinese stock market in 2002 and 2001. Using the linear regression method, empirical equations were found. The portfolio effect was shown so that some empirical evidence had been found to support the micro-economic leverage portfolio effect theory, which was that the listed companies balanced the operating and financial leverage to minimize the systematic risk.展开更多
With the gradual improvement and expansion of China's capital market, the use of stock and other instruments to participate in the capital market has become a common way for residents to allocate assets, which can...With the gradual improvement and expansion of China's capital market, the use of stock and other instruments to participate in the capital market has become a common way for residents to allocate assets, which can not only preserve the value of assets, but also enjoy the development dividend of listed companies. After the economic crisis in 2008, China's economic dependence on foreign countries dropped to 35%, so it is particularly important for China to boost domestic demand at this stage. Theoretically, the A-share market is the main market to stimulate domestic consumption. Whether the A-share market will affect residents' consumption level is highly consistent with economic development. Compared with some developed economies in the world, the share of GDP in the stock market has remained at a high level for many years. With the continuous development of China's capital market, can the wealth effect of the stock market gradually boost GDP?展开更多
The most appropriate heteroskedastic models for predicting volatility of daily stocks prices of 10 major Nigerian banks are proposed. The banks are Access, United Bank for Africa (UBA), Guaranty Trust, Skye, Diamond, ...The most appropriate heteroskedastic models for predicting volatility of daily stocks prices of 10 major Nigerian banks are proposed. The banks are Access, United Bank for Africa (UBA), Guaranty Trust, Skye, Diamond, Fidelity, Sterling,?Union, ETI and Zenith banks;and these are examined from 2004 to 2014.?The models employed are Autoregressive Conditional Heteroscedastic (ARCH(1)), Generalized Autoregressive Conditional Heteroscedastic (GARCH(1, 1)),?Exponential Generalized Autoregressive Conditional Heteroscedastic?(EGARCH(1, 1))?and Glosten, Jagananthan and Runkle-Generalized Autoregressive Conditional Heteroscedastic?(GJR-GARCH(1, 1)). The results show that all the?bank returns are highly leptokurtic, significantly skewed and thus non-normal across the four periods except for Fidelity bank during financial crises;findings similar to those of other global markets. Also noticed is the strong evidence for the presence of heteroscedasticity, and that volatility persistence during crisis?is?higher than before the crisis across the 10 banks, with that of UBA taking the lead, about 11 times higher during the crisis. The same with persistence?levels in volatility, which were relatively higher during financial crises across the ten banks compared to before the crises.?Findings further indicate that Asymmetric GARCH models outperformed the symmetric GARCH models, especially during the financial crises and post the crises. Thus with these findings, one could generally conclude that Nigerian banks’?returns are volatility persistent during and after the crises, and are characterized by leverage effects of negative and positive shocks during these periods.展开更多
[ Objective] The aim was to provide scientific basis for purifying water quality, ecological restoration and fishery breeding of GaoBaZhou reservoir multiplication and stocking. [ Method] Monitoring of normal water ph...[ Objective] The aim was to provide scientific basis for purifying water quality, ecological restoration and fishery breeding of GaoBaZhou reservoir multiplication and stocking. [ Method] Monitoring of normal water physical, chemical characteristics and different number of data of GaoBaZhou reservoir was conducted in 2010 and 2011 after different amount of filter-feeding fishes stocking in this reservoir. [ Result] The water physical and chemical factors TN, NO2, NO3-N-N, TP and COD, Chl. a in 2011 were significantly less than 2010, 2011 month average 1.389 mg/L, 0.039 6 rng/L, 1.211 7 mg/L, 0.137 3 mg/L, 16.191 mg/L, 10.226 8 mg/m3, 2010 month average 1.659 mg/L, 0.066 2 mg/L, 1.472 9 mg/L, 0.099 9 rag/L, 18.314 8 mg/L, 14.917 8 mg/L. The calculation results of TSIM showed that 2011 reservoir eutrophication TSIM were less than 2010, up to 53.78 and 57.36. E Coaclusion： The whole reservoir area revealed mild eutrophication （the TSIM 〉 53）, and it suggested that the filterfeeding fishes amount could be increased in the reservoir.展开更多
Population changes are believed to be controlled by multiple factors, including an important density-dependent effect. This paper reviews the literature on this topic and shows that this density-dependent effect does ...Population changes are believed to be controlled by multiple factors, including an important density-dependent effect. This paper reviews the literature on this topic and shows that this density-dependent effect does not exist. This paper also gives a typical example in which no density-dependent effect was detected in the stock-recruitment relationship in Japanese sardines. The recruitment was found to be determined in proportion to the spawning stock biomass and to be affected by environmental factors. This simple mechanism is applicable not only in fish species but also in insects such as Thrips imaginis in Australia. The reason that many biologists have not become aware that the density-dependent effect does not exist is discussed using a metaphor. This paper proposes a new concept in the study of population change. The new concept proposed here will replace the currently used basic concept that has been assumed to be correct for more than 50 years.展开更多
The study assesses the functional status of the University of Energy and Natural Resources’ (UENR) bat sanctuary by examining its floral diversity and carbon stocks. Twenty-nine sampling points (plots) were randomly ...The study assesses the functional status of the University of Energy and Natural Resources’ (UENR) bat sanctuary by examining its floral diversity and carbon stocks. Twenty-nine sampling points (plots) were randomly generated by using the ArcGIS random sampling algorithm. Using a three-nest sampling plot of 100m2, 25m2, and 1m2 quadrat, the enumeration of trees (DBH>10cm), saplings (>2cm DBH 0.05) between the 10m buffer created and the core area with respect to species diversity and carbon stocks. The study has provided valuable information on the functional status of the bat sanctuary which will help promote its conservation for sustained provision of ecosystem services.展开更多
基金The Science and Technology Project of Guangdong Province under contract No.2019B121201001the National Key R&D Program of China under contract No.2019YFD0901301+3 种基金the Fund of China-Vietnam Joint Survey on Fish Stocks in the Common Fishing Zone of the Beibu Gulfthe Central Public-interest Scientific Institution Basal Research Fund,South China Sea Fisheries Research Institute,Chinese Academy of Fishery Science under contract No.2021SD14the China-ASEAN Maritime Cooperation Fund(China-Vietnam Fishery Stock Enhancement and Conservation in Beibu Gulf)the Hainan Provincial Natural Science Foundation of China under contract No.320QN358.
文摘The stock enhancement programs for black sea bream Acanthopagrus schlegelii have been conducted in China for a fewyears.However,little information has been reported concerning the effectiveness and genetic effect of black sea bream stock enhancement.In order to detect the contribution of released individuals in Zhujiang River Estuary(ZRE)and Daya Bay(DB),six microsatellite markers were used to identify the hatchery-released individuals.In addition,this pedigree of hatchery populations(broodfish and hatchery-released offspring)was traced to detect the number of effective parents(N_(e)),the inbreeding coefficient and the decrease of genetic variability in the reproduction.The pedigree reconstruction showed that at least 69(out of 93)broodfish had offspring.The estimated N_(e) was 54.8,consequently the inbreeding coefficient was 0.91%.The genetic diversity of hatchery-released offspring was lower than that in that of broodfish(heterozygosity alleles,0.727-0.774),some alleles(number of alleles,61-69)and genetic variance were lost during reproduction.It was observed that wild samples had higher levels of genetic diversity compared with hatchery populations as well as recaptured samples in releasing area.A total of 128 hatchery-released black sea bream were identified among 487 recaptured samples in ZRE,while a total of 15 samples were identified among 96 samples in DB.In summary,there was a high survival of released fish.N_(e)vertheless,the results provided evidence to consider a loss of genetic variation in hatcheryreleased stock and a negative genetic effect of the stock enhancement.
文摘The study is on a linear model of the relationship between the systematic risk and the micro-economic leverage and analyzed the data from the steel, energy source and chemical fibre industry listed companies in the Chinese stock market in 2002 and 2001. Using the linear regression method, empirical equations were found. The portfolio effect was shown so that some empirical evidence had been found to support the micro-economic leverage portfolio effect theory, which was that the listed companies balanced the operating and financial leverage to minimize the systematic risk.
文摘With the gradual improvement and expansion of China's capital market, the use of stock and other instruments to participate in the capital market has become a common way for residents to allocate assets, which can not only preserve the value of assets, but also enjoy the development dividend of listed companies. After the economic crisis in 2008, China's economic dependence on foreign countries dropped to 35%, so it is particularly important for China to boost domestic demand at this stage. Theoretically, the A-share market is the main market to stimulate domestic consumption. Whether the A-share market will affect residents' consumption level is highly consistent with economic development. Compared with some developed economies in the world, the share of GDP in the stock market has remained at a high level for many years. With the continuous development of China's capital market, can the wealth effect of the stock market gradually boost GDP?
文摘The most appropriate heteroskedastic models for predicting volatility of daily stocks prices of 10 major Nigerian banks are proposed. The banks are Access, United Bank for Africa (UBA), Guaranty Trust, Skye, Diamond, Fidelity, Sterling,?Union, ETI and Zenith banks;and these are examined from 2004 to 2014.?The models employed are Autoregressive Conditional Heteroscedastic (ARCH(1)), Generalized Autoregressive Conditional Heteroscedastic (GARCH(1, 1)),?Exponential Generalized Autoregressive Conditional Heteroscedastic?(EGARCH(1, 1))?and Glosten, Jagananthan and Runkle-Generalized Autoregressive Conditional Heteroscedastic?(GJR-GARCH(1, 1)). The results show that all the?bank returns are highly leptokurtic, significantly skewed and thus non-normal across the four periods except for Fidelity bank during financial crises;findings similar to those of other global markets. Also noticed is the strong evidence for the presence of heteroscedasticity, and that volatility persistence during crisis?is?higher than before the crisis across the 10 banks, with that of UBA taking the lead, about 11 times higher during the crisis. The same with persistence?levels in volatility, which were relatively higher during financial crises across the ten banks compared to before the crises.?Findings further indicate that Asymmetric GARCH models outperformed the symmetric GARCH models, especially during the financial crises and post the crises. Thus with these findings, one could generally conclude that Nigerian banks’?returns are volatility persistent during and after the crises, and are characterized by leverage effects of negative and positive shocks during these periods.
基金funded by the National Public Welfare(Agriculture)Special Research(200903048-09)
文摘[ Objective] The aim was to provide scientific basis for purifying water quality, ecological restoration and fishery breeding of GaoBaZhou reservoir multiplication and stocking. [ Method] Monitoring of normal water physical, chemical characteristics and different number of data of GaoBaZhou reservoir was conducted in 2010 and 2011 after different amount of filter-feeding fishes stocking in this reservoir. [ Result] The water physical and chemical factors TN, NO2, NO3-N-N, TP and COD, Chl. a in 2011 were significantly less than 2010, 2011 month average 1.389 mg/L, 0.039 6 rng/L, 1.211 7 mg/L, 0.137 3 mg/L, 16.191 mg/L, 10.226 8 mg/m3, 2010 month average 1.659 mg/L, 0.066 2 mg/L, 1.472 9 mg/L, 0.099 9 rag/L, 18.314 8 mg/L, 14.917 8 mg/L. The calculation results of TSIM showed that 2011 reservoir eutrophication TSIM were less than 2010, up to 53.78 and 57.36. E Coaclusion： The whole reservoir area revealed mild eutrophication （the TSIM 〉 53）, and it suggested that the filterfeeding fishes amount could be increased in the reservoir.
文摘Population changes are believed to be controlled by multiple factors, including an important density-dependent effect. This paper reviews the literature on this topic and shows that this density-dependent effect does not exist. This paper also gives a typical example in which no density-dependent effect was detected in the stock-recruitment relationship in Japanese sardines. The recruitment was found to be determined in proportion to the spawning stock biomass and to be affected by environmental factors. This simple mechanism is applicable not only in fish species but also in insects such as Thrips imaginis in Australia. The reason that many biologists have not become aware that the density-dependent effect does not exist is discussed using a metaphor. This paper proposes a new concept in the study of population change. The new concept proposed here will replace the currently used basic concept that has been assumed to be correct for more than 50 years.
文摘The study assesses the functional status of the University of Energy and Natural Resources’ (UENR) bat sanctuary by examining its floral diversity and carbon stocks. Twenty-nine sampling points (plots) were randomly generated by using the ArcGIS random sampling algorithm. Using a three-nest sampling plot of 100m2, 25m2, and 1m2 quadrat, the enumeration of trees (DBH>10cm), saplings (>2cm DBH 0.05) between the 10m buffer created and the core area with respect to species diversity and carbon stocks. The study has provided valuable information on the functional status of the bat sanctuary which will help promote its conservation for sustained provision of ecosystem services.
