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Over the last 30 years, China has undertaken reforms to gradually liberalize its repressed economy. These reforms include liberalizing China's exchange rate regime, its capital account and domestic financial sector. This essay discusses the related theories and identifies the appropriate sequence in the process of liberalizing Chinese economy. It focuses exclusively upon reforming the exchange rate...
Micro-loan company has opened up a new way to solve the "Farmers, Rural Areas, Agriculture Production" problems, the financial difficulty of SMEs and financial need of low-income groups in China. With the analysis of soft information and relationship banking theory, this paper studies lending relationship between micro-loan company and loan client with the dynamic game of Bayesian equilibrium...
With the rapid development and wide application of information technology (IT), how IT investment impacts on banking performance has been the hot topic of academic and industrial circles. However, the existing theoretical models of impact of IT investment on enterprise performance have some limitations and disadvantages. In this paper, a new systematic and comprehensive theory model of impact of IT...
Ever since a long time ago, the system of divided operation has been always been existing in the financial industry in China. Since the reform and opening-up in China, the financial industry has switched from mixed operation to divided operation and then back to mixed operation. The original idea of divided operation is to construct a financial firewall between commercial banks and securities companies...
The purpose of this paper is to explore the relationship between the property rights system and the financial development as well as the property rights system and economic growth in developing counties such as China. The paper uses statistical and econometric methods to analyze the finance data in Asia and Latin America, and economic data in China combined with property rights institutional changes...
In business and IT alignment, the implementation of IT is determined by business objectives and its services. In order to help organizations invest wisely in IT and makes the best use of the current facilities, this paper aims to deliver a method for assessing the value of service in business and IT Alignment. The method provides specific guideline in service evaluation process and assesses value...
This paper analyses the impact of debt on corporate investment under the framework of duplicate soft budget constraint among the government, banks and firms in China. I find that in the corporate with low growth opportunity and high CFO, it shows significantly negative relationship between debt and investment in non-state-owned company. But in state-owned company it doesn't. There is a significantly...
Village banks which are founded in 2007 are increasingly important in promoting the economy of rural areas in China, but the knowledge about the interest rate of small credit is partial and contested due to the deficiency of empirical material. This paper reviews the researches of interest rate of small credit, and then analyzes the interest rate of small credit of the sample village banks by adopting...
The author regards 2006 fiscal year data of 113 listed firms on small and medium enterprise board as research sample, and analyze financing status of these companies. Drawing the following research conclusion: The listed firms on small and medium enterprise board have a low asset-liability ratio, but their financing order accords with pecking order theory, that is to say, firstly selecting interior...
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