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Based on the behavioral theory of corporate finance perspective, this article takes the listed companies in 2008 as a sample, researched the equity financing preference on investment behavior. By regression analysis: the listed companies' equity financing preference and the financing size have significant influence on the investment behavior.
Using the data of listed companies which got equity refinancing in China's A-share stock market during the period of 2002-2005, this paper undertakes an exploratory study on excessive equity financing behaviors of listed companies from the perspective of ultimate controller's benefit invasion towards minority shareholders. The results show that, firstly, the deviation of ultimate control rights and...
Communication industry is the basis of national economic development in China. With the economic development and the improvement of information, communication consumptions are increasing. As competitive as it is in the current situation of the communication industry, customer loyalty management becomes the kernel issue for the operators. Building customer loyalty through the driver model, analyzes...
In mining lease in China, a bureau of geology and mineral resources may become a rent-seeking part and seek benefit from mineral investors. The investors may pay the rent to the bureau in order to obtain the mineral right and operate sustainable. To eliminate corruption and cut down loss of state assets, supervision departments perform their respective duties to avoid rent-seeking activities in mining...
Real estate demand is an important factor to affect the real estate balanced and healthy development, an accurate analysis of the macro factors and the real estate demand relationship could give the government, land agents and house purchasers more effective services. In this paper, it uses factor analysis, system dynamics feedback diagram and multiple regression methods of econometrics. By use of...
Foreign direct investment (FDI) can benefit innovation activity in the host country via spillover channels. However, it may also cause negative effects because of the absorptive capacity of the host country. To analyze the absorptive capacity of the host country, experts usually put their attentions on the level of R&D investment. This paper focused on the role of education on spillover effects...
Whether positive securities investment fund can overcome the market is the focus of debate. This paper the first step is to propose a series of research hypothesis about the validity of positive investment, which bases on the market conditions as the external control variable and analysis the characteristics of securities market in China. Then, according to relevant data in security market, we have...
China's resource-based enterprises encounter various risks in internationalization, among which cultural risk is one of the most significant risks. This paper attempts to build mathematical risk models with formation mechanism, probability and its impact on international operation to effectively predict, identify and monitor cultural risk of China's resource-based enterprises internationalization,...
With the rapid growth of the national investment in sewage treatment industry in China, more and more sewage treatment plants have been set up. Therefore, investment efficiency of the sewage treatment plants is of great significance. Since the traditional CCR model does not take into account "slack" of input elements, and it's unable to solve the problem of ranking efficient DMUs, this paper...
This paper utilizes Moran's I Index to investigate the spatial correlation of the regional technology innovation in China. Referring to the knowledge production function (KPF) by Griliches-Jaffe and the spatial lag econometric models based on Panel Data, the effects of four domestic factors is checked through the panel data of 29 provinces (cities/municipals) for the period 2000~2008. The study has...
In order to escape of risk and gain high returns, it is important for oil companies to determine the scale and structure of investment in upstream business. By introducing system dynamic principles, this paper builds a system dynamics model of upstream investment decision on basis of the oil company's practice in China. Empirical results show that total investment scale will decline and the proportion...
Cash profit of enterprises can reflect the quality of accounting profit accurately, and decide the magnitude of scheduling space and the support degree that provided by accounting profit for investing activities. However, as the unique characteristics of securities market in China, state-owned large shareholder and the “internal control” problems still exist in most listed companies, it is considered...
Based on the practical situation of the westward of china, the author bring forward seven operation models of marketalized in the field of urban infrastructure construction, and analyses the different features of operation models and their applicable field. Hoping to give the guidance and reference of improving the quality and service level of western urban infrastructure construction of our country.
The performance auditing of national infrastructure project is the important regulatory measure to improve the project's performance, and risk aversion of audit could improve the auditing's quality effectively. The paper conducted investigation in-depth based on the existing research, designed a set of measuring scale for national infrastructure project performance auditing risk's controllability,...
This paper, based on China's annual data from 1986 to 2007, by employing methods of VAR model, Granger causality test and variance decomposition, studies the relationship between real estate investment and economic growth. The result denotes that there is unilateral causality between real estate investment and economic growth, for a long period the alteration of GDP is mostly affected by its own alteration,...
The energy industry is the basis of the national economic and social development, and the power of social economic development. At present, the development of new energy has been an important part of development strategy of energy industry in many countries, and the study on new energy industry has been given more and more important significance along with the development of new energy . Therefore,...
Corporation alliance can increase advantages and decrease risks for SMEs. However, the concerned survey shows that supplier alliance situation is far away from the ideal status in China. Thus, this paper sets up an alliance realizing process model, and find out five key process point of supplier alliance, include potential benefits, perceivable benefits, realizable benefits, realized benefits, and...
With electricity market reformation more deepening in China, transmission-distribution price will be regulated and distribution and retail side are detached. To regulate the price effectively and to improve the production efficiency are significant greatly. Based on the analysis of the different behaviors of government and transmission-distribution enterprises under various models of price regulation,...
This paper investigates the causal relationship between financial development and economic growth in the central region of China for the period 1978 to 2007. A time-series approach using the VAR Model is used to provide evidence for the dynamic relationship. The empirical results provide clear support for the hypothesis that there is a stable long- run relationship between financial development and...
To increase the efficiency of exploiting energy resource and confirm the optimum expected energy-saving target and the tax rates implementation scheme of the energy-saving target, an analytical model of tax policy was set up for researching on the sustainable energy for Chinapsilas transportation sector. This model which is based on system dynamics, is taken the effects of the energy price, interest...
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