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Whether the phenomenon of abnormal net redemption exists in Chinese fund market has recently been a controversial issue. An empirical research, based on a multivariate mixed time series model, is conducted to find out the long-term and short-term effects of factors which influence net redemption rate. The empirical results indicate that the abnormal net redemption phenomenon in Chinese fund market...
Based on the model of return-based style analysis put forward by Sharpe (1992), the paper made an empirical research on the thirty open-ended funds in China within the sample periods during 2008 and 2011. Through quantifying the degree of the fund style drift and fund performance, this paper studied the relationship between the fund style drift and fund performance. As a result, this paper shows that...
Country risk is a quite important factor for international investment. Many institutions and researchers try to assess country risk by using numerous indicators and various evaluation models. This paper investigates the dynamic behavior of country risk in order to offer more detailed information of country risk to investors. First, country beta is taken as the proxy of country risk. Second, dynamic...
In order to solve the existing problems for the site selection of the distribution type logistics park, the impact factor for the site selection of the distribution type logistics park is analyzed and the evaluation index system for site selection decision of the distribution type logistics park is established in this paper. Grey correlation analysis associated with TOPSIS (Technique for Order Preference...
The factors of high-new-tech enterprise R&D project investment risk were relevant and had Multi-stage, this paper used the method of experts consultation to find the evaluation indexes out, constructed evaluation indexes system of high-new-tech enterprise R&D project Multi-stage investment risk based on Life cycle of enterprises, evaluated the high-new-tech enterprise R&D projects with...
Quite a few of existing literatures focused on research the inner impact of capital structure on Institutional Investors' Stockholding directly. In this paper, we have made an empirical research on this topic based on Chinese listed tourism companies' data during 2005–2009. The results indicated: (1) institutional investors were willing to hold listed tourism companies' shares with lower asset-liability...
The risk evaluation of PPP project is researched by matter-element theory. Considering each risk factor of PPP project, the risk evaluation index system of PPP project is established. Based on the definition of evaluation grade, it determines the evaluation district matter-element matrix, traditional matter-element matrix, computes the weight of evaluation index and synthesized relating subordinateness...
Taking into account the current social security fund primarily invested to stocks and bonds, we construct the portfolio based on Shanghai & Shenzhen 300 index and bond index on behalf of pension fund investment portfolio, compute the risk of portfolio based on dynamic diagonal BEKK-MGARCH, carry out Kupiec test, compare the result with CCC-MGARCH model. The result shows that dynamic diagonal BEKK-MGARCH...
High-tech industry is a leading strategic industry of a national economy.Based on the high-tech industry competitiveness evaluation index system ,this paper uses factor analysis and cluster analysis to evaluate and classify on the competitiveness of the China's high-tech industry in 2008,and analysises the competitiveness of the level high-tech industry combined with local conditions.Finally,according...
Grey related analytical method was used in analysing the waste electrical and electronic equipment recycling industry of Henan province. Detailed calculation and statement were proceeded on the basis of the model in the paper. At the end, we found the influence of each factor for the recycling industry by comparing the degrees of association. Based on this, we gave some rationalization analyses in...
The model of NPVGO indicates PER plays an important role in investment analysis and decision, which reflects stock returns and risks, conveys information about a company's growth and profitability. However, data from China A-Share stock market states that lacks of Value-Investment concept make PER ineffective to reflect a company's growth and profitability; PER can just be a consultative target. Only...
Some scholars in China believe that the active fiscal policy should be stopped gradually in these years. However, because of the happening of the international financial crises, the central government will continue to implement the active fiscal policy. In this paper, we choose the period from the time when China began its reform and opening up to nowadays as the studying time section, take the national...
Based on the statistical data of eastern and western regions of China in 2009, with multivariate analysis method, some comparisons of the two regions are made. Firstly, 26 indexes are collected including science, education, culture and health etc. On the basis of relativity analysis, indexes with larger correlation are deleted and only 17 of them are reserved. Then relying on these indexes, principal...
Nowadays e-commerce as an increasing important business mode has exerted great impact on traditional business mode. Against this background, it is of special significance to research how to assess the value of e-commerce enterprise. This article will establish the evaluation system from four aspects which includes financial indicator, customer base indicator, company's overall ability indicator and...
Based the exploration of the effects of foreign direct investment ( FDI) on industry clusters, this article employs time series econometric techniques (Unit root test, Cointegration, Granger causality and Linear regression model) to test the impact of FDI on equipment manufacturing industry clusters using data for Liaoning over the period 1999 to 2010. We find that that FDI play an important role...
The purpose of this paper is to analyze the correlation between environmental regulations and foreign direct investment (FDI) technology spillovers. Ordinary least squares regression is applied to empirically study the impacts of environmental regulation to spillover effects of FDI from 1991 to 2009 in China. The results show that foreign direct investment has a significant spillover effects to China's...
According to the application practice of production and management in coal enterprises and the basic principles of establishing the evaluation index system of informationization, we designed the tentative evaluation index system of coal enterprise informationization first; and then we selected the indices and optimized the index system by using the principal component analysis method, establishing...
Although some documents deal with the impacts of producer services on regional innovation capability, relative empirical studies are rarely found in China. The relationship between producer services and innovation capability of state-level hi-tech development zones is empirically studied with principal component analysis and correlation analysis respectively, and it is proved that producer services...
This paper presents a method for analyzing the relationship between the macro-economy and stock market at different time scales, in an effort to correct the deficiency that other usual methods have, which are performed at single time scale. Firstly, the variables of macro-economy and stock market are decomposed at multiple scales with wavelet transform. Secondly, correlation analysis and Granger Causality...
Rural community health service organization is a fundamental system providing basic health care for rural resident. The capacity of the service affects the rural residents' health and spirit, the current rural economic development and social advancement. It also affects the process of establishment of social health care system which covers both the city and rural area. This article discussed the elements...
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