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As a new form of business, electronic commerce is becoming vital for Chinese economy. Due to the limited available information, the limited accuracy of the information and the limitations of the statistics methods, the traditional research methods are not effective. In this study, in order to provide guidance for the related decision making and research, the method of grey relational analysis (GRA)...
There are many similarities on fluctuations between clothing styles and finance so that many theorists approach to analyze the relationship of them, the best known of which is the Hemline Index Theory. When the economy is flourishing, hemlines increase, and when the economic situation is deteriorating, the hemlines drop, perhaps even to the floor. In contrast with measuring the illustrations from...
Evaluation of construction or renovation projects is necessary for the developing of distribution network. A comprehensive evaluation can contribute to find problems in the process of projects and promote scientific level of decision making for future construction or renovation. In this paper, we propose a post evaluation for distribution network. Firstly, we put forward an integrated index system...
In this paper, the hierarchical chart for open-end fund performance evaluation is obtained by using the analytic hierarchy process. Furthermore, by utilizing the fuzzy and grey comprehensive evaluation methods, a scoring model for the evaluation of open-end funds is established. A 3a method-based comparison model is then constructed. Finally, an empirical study is conducted by using section data for...
Index tracking has become one of the most common strategies in asset management. The index-tracking problem consists of constructing a portfolio that replicates the future performance of an index by including only a subset of the index constituents in the portfolio. Finding the most representative subset is challenging when the number of stocks in the index is large. We introduce a new three-stage...
This paper selects the time series dates in 1995–2013 about total output value of the high technology industry and the sum of the import and export trade in Jiangxi province. By ADF test, Johansen test and Granger causality test, we studied the relationship between the high-tech industry and the import and export trade. Studies have show that in Jiangxi province the high technology industry has a...
Power distribution networks are increasing, more complex and therefore should provide maximum reliability to its customers. Susceptible to interruptions, defects and malfunction for various reasons, investments in improving distribution network quality are increasing and should be performed based on environment conditions, technical requirements, demands and needs. This paper presents a new methodology...
Selects the invention patent applications as measures of China's innovation capability, utilize the characteristic index of patent influence factors. Based on type B grey correlation between two of which to calculate and determine the Lag and index weight of influence of different characteristics of the indicators on China's innovation capability. On this basis, calculate the regional innovation capability...
In this article Grey Correlation Model is used to analyze the main factors affected pear production in Hebei Province, the result shows that the influences in order are: effective irrigation area > cultivated area > inundated area > agricultural acreage > amount of pesticide > investment of agricultural basic construction > annual net income per farmer > GDP per capita > amount...
This paper evaluated the innovation capacities of Shandong Province and Guangdong Province quantitatively using the regional innovation capacity evaluation system. Then the author compared different innovation degree associated with local economic growth using gray correlation theory. Finally this paper presented several suggestions of improving innovation capacity.
In this article we introduce a new strategy for optimal diversification which combines elements of Diversified Risk Parity [1], [2] and Diversification Ratio [3], with emphasis on positive risk premiums. The Uncorrelated Positive Bets strategy involves the identification of reliable, independent sources of randomness and the quantification of their positive risk premium. We use principal component...
Facing the increasing level of fluctuations and risks in the financial markets, investors are increasingly shifting towards more conservative investment techniques. Exchange Traded Funds has emerged in recent years as an important alternative. This paper conducts the empirical studies on the performance of ETF across different emerging markets. We find that the performance of ETFs are inferior to...
Science and technology R&D is an inexhaustible driving force for the economic growth, and also an internal source of sustained economic development. Playing an important role in national science and technology R&D system, enterprise R&D activities actively promote the enterprise performance. This paper selects 455 manufacturing firms in Shanghai and Shenzhen Stock Exchanges from 2007 to...
So far, the patent law in China has changed for three times, which made the strategy focus from the introduction of foreign advanced technology to enhance the ability of independent innovation. This paper add FDI technology spillover as a mediating variable in the process of analyzing the relationship between patent protection strength and the capability of independent innovation. Selecting domestic,...
In order to analysis the influence factors of service innovation performance in commercial banks, this paper firstly set up an evaluation model of innovation performance in commercial banks, and used it in Industrial Commercial Bank of China(ICBC), The Bank of China (BC), China Construction Bank (CCB) and Bank of Communications, China(BCC). Secondly, sorted the influence factors as interior and exterior...
Most of literature related to corporate governance and corporate investment efficiency has been studied from static perspective. This paper conducted a research exploring the dynamic evolution of corporate governance mechanisms to design an index of corporate lifecycle. The result suggests that the impact that corporate governance mechanisms have on investment efficiency is various at different stages...
For the fluidity of project, the paper exploits the evaluating model of its fluidity by the relationships of its fluidity and fund reclaimed time, quantity. Then, it develops the indexes of risk evaluation, as the yield standard criterion in fluidity of project, the indexes of project risk yield. So they are more reasonble for decision-making of project.
To address the shortage of supply of urban infrastructure, a large amount of private capital is required to participate in construction and operation of the urban infrastructure project. At present, the policy has allowed the private capital to participate in such project through project financing pattern (such as BOT, TOT and PPP, etc.). In order to attract more private capital to participate in...
Based on the financing scale data of Chinese listed companies, this article made an empirical analysis of the relationship between ownership arrangement and risk of tunneling, and drew some relevant conclusions. Compared with the SOEs, the risk of tunneling is higher in private listed companies, and therefore the financing scales were notably higher than the former. The higher proportion of shares...
In recent years, with the rapid development of small and medium-sized enterprises in China, the partial enterprises have been constructed to be the new power to promote the domestic economic growth. However, due to the particularity of organization structures, corporate standards and business risks, the participation of VC and PE institutions is very important for the development of enterprises. This...
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