漂移瑞利滤波算法及其在纯方位跟踪中的应用

关联交易资金占用行为通常被视作大股东对上市公司的掏空而出现在诸多文献当中。但是从企业集团内部资本市场资源配置的视角来分析，这种行为可能是出于提高企业集团资金使用效率的目的。利用我国A股上市公司2009~2011年度的关联交易数据，对我国上市公司关联交易资金占用情况与上市公司面临的融资约束、经营不确定性之间的关系进行了实证检验，结果支持了关联交易资金占用行为的企业集团内部资本市场资源配置假说。

Principles of Shifted Rayleigh Filter and Its Application in Single-sensor Bearings-only Tracking

In the existing literature, the fund embezzlement of related party transactions is used to represent tunneling behavior of large shareholders. But in the perspective of resource allocation of internal capital market, the fund embezzlement behavior will improve the resource allocation efficiency. Using the related party transactions data of Chinese A-share listed firms from 2009 to 2011, the empirical analysis tests the relationship between fund embezzlement and financing constraints, and operating environment uncertainty. The result confirms the resource allocation hypothesis of internal capital market.