Based on the event study method, this paper conducts the analysis on the short-term performance of 1302 major mergers and acquisitions in China from 2006 to 2019 and takes the cumulative abnormal return as the measurement index. After comparing the five abnormal return calculation models, it is found that the commonly used market model method and the market adjustment method have statistical defects while the Elman feedback neural network model is capable of good nonlinear prediction ability. The study shows that (...) M&A can create considerable short-term performance for Chinese listed company shareholders. The CAR in window period reached 14.45% with a downward trend, which is the win-win result achieved through the cooperation between multiple parties and individuals driven by their respective rights and interests in the current macro-microeconomic environment in China. (shrink)

Exemplary Figures (sometimes translated as Model Sayings) is an unabridged, annotated translation of Fayan, one of three major works by the Chinese court poet-philosopher Yang Xiong (53 BCE-18 CE). Yang sought to "renew the old" by patterning these works on earlier classics, drawing inspiration from the Confucian Analects for Exemplary Figures. In this philosophical masterwork, constructed as a dialogue, Yang poses and then answers questions on philosophical, political, ethical, and literary matters. Michael Nylan's rendering of this text, which is laden (...) with word play and is extraordinarily difficult to translate, is a joy to read-at turns wise, cautionary, and playful. (shrink)

"Il s'agit de la traduction en français de l'ouvrage intitulé "Propos sur la loi" écrit par le philosophe confucianiste chinois Yang Xiong (53 av. J.C.-18).

"Yang Xiong is the most useless of all. He was truly a rotten Confucian."Zhu Xi (11301200 A.D.)With this comment from Song Dynasty Neo-Confucian Zhu Xi, the work of Han Dynasty philosopher Yang Xiong (53 B.C.18 A.D.) was effectively relegated to the dustbin of Chinese intellectual history. While influential in the Later Han as the clearest expression of the Old Text Confucian school, Yang's Fa yan has received little attention from Western scholars and appears here in a rare annotated English translation.Written (...) during the transition between the Former and Later Han Dynasties, the Fa yan is a notoriously elusive text that was stylistically modeled on the Analects of Confucius. Denigrated by later Neo-Confucians for his association with Han usurper Wang Mang, Yang Xiong served both the Former Han and Xin imperial courts as a court poet and scholar, and was well known for being a reclusive personality, earning him a reputation as a "hermit at court." Most famous for his position that human nature is a mixture of good and evil, Yang Xiong's philosophy stands in clear contrast to the syncretic Confucianism of his day as a reformer's vision of proper self-cultivation and statecraft.This volume presents an annotated translation of the entire text, focusing on the passages that elucidate Yang's discussion of the core concepts of the Confucian school. The translator's commentary traces the text's major philosophical concepts to their roots in Warring States era philosophy, noting stylistic and conceptual allusions to the Analects and Mencius, among other texts. Also included are a discussion of Yang's biography and the influence of the eremitic ideal on his life and thought. (shrink)