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With the rapid growth and development of China's economy, the hotel industry has correspondingly experienced extraordinary growth demonstrating different interesting characteristics of its spatial distribution geographically. The paper seeks to analyze these spatial characteristics affecting the dynamic system of tourism development based on the six dynamic indicator covering twelve influential factors...
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...
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.
In view of Institution theory, this paper studied the impact of institution environment of host country on the outward direct investment of China. Based on the data of our outward direct investment to 99 countries, this paper used principal components analysis to establish the institutional index of host countries. This paper finds out the institutional index of host countries has a significant positive...
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...
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...
This study considers how organizational slack (unabsorbed and absorbed) changes and affects firm performance in the different stage of IT investment. We test hypotheses using finance data (1994-2008) from 196 manufacturing listed companies in China. The results indicate there is higher unabsorbed slack in the early stage of IT investment, and there is higher absorbed slack in the run-in stage of IT...
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...
The organizational structure of R&D institutions is more inclined to localize, which is bound to have some certain interactions with the main bodies of China's regional innovation system. The paper selects the relevant data of China in 2007, analyzing the interactive situations between transnational corporations' R&D institutions and the main bodies of China's regional innovation system. Summarize...
Based on literature review, influencing factors model of sourcing in China is constructed, and 14 hypotheses are put forward. 109 companies are surveyed and efficient data is analyzed using multiple regression method. The results from our survey show that asset specificity and cost have significantly negative influence on the extent of sourcing in China; entry mode, policies, exchange rate, tariff...
The objective of this study was to identify the trends of climate change on the eastern slope of Gongga Mountain and its impacts on tourism development. According to the weather data of Gongga Mountain Ecological Observation Station, climate has become warmer at 3000m of the Gongga Mountain (eastern slope) since 1988. The warming trend was 0.15°C per decade. The rise of temperature occurred in winters...
Construction industrialization is the inevitable trend in construction industry. Construction industrialization could cut construction period down, improve engineering quality, increase labor productivity, save energy and exhaust less pollution and promote the overall level of construction industry. However, there is no clear conclusion about China's construction industrialization level. Based on...
Based on investigation and collection of disclosed information of listed companies on SEM board in China, the paper studies the influence of venture capital to technological innovation in SMEs by analyzing the proportion of venture capital holding as well as the investment and yield of technical innovation in SMEs. Research showed that investment of venture capital in SMEs enabled SMEs to have more...
Fixed Assets Investment (FAI) is an economic activity to construct and purchase the fixed assets, which namely is an activity of the fixed assets. In this paper, we use the method of H-P filter to make an operation state analysis on the structure elements of FAI and itself, and make a co-integration analysis on the key impact factors of FAI, which its results show FAI is in smooth and stable situation...
Focusing on behavioral corporate finance, we argue that personal characteristics of chief executive officers, in particular overconfidence, can account for the widespread distortion of overinvestment in China. Based on the data of Chinese listed companies from 2004-2008, we study the relationship between managerial overconfidence and corporate overinvestment. The main result is that managerial overconfidence...
Global IT industry is transferring to the main-land of China in a large scale. The Pearl River Delta has become the world's important manufacturing base for electronic information products. Based on this background, this paper carried out the empirical research between the IT industry and venture capital. It studied the risk investment, IT industry and the technological innovation in the Pearl River...
According to the moderately Hyper-traffic strategy, the index system about regional highway communication and economic development is established, which is used to evaluate relational grades based on the gray relative theory. After the economic index and the traffic index of previous year are relatively assessed, the conclusion turns out that hyper strategy is remarkable influence on the economic...
As economy goes global, a large number of foreign investment swarm into China, thus how to make good use of these investment becomes the hotspot. With the characters of high-agglomeration, high-growth and high-radiation, producer services are the important access to the adjustment industrial structure and the upgrading of regional competitiveness. Based on industry interaction and systematic research...
This paper uses China's service industry data to analyze the technology spillover effects of China's service industry from service trade. The results show that the development of China's service trade produces technology spillovers. And then this paper makes relevant policy recommendations on making great efforts to develop service trade.
The agency theory is the theoretical basis of this paper, which attempts to explain our dividend policy of listed companies, combining with transaction costs. Dividends lead to an increase in external financing, then add agency costs . This paper focuses on demonstrating the close relationship between agency problem and dividend policy of listed companies in Chinese according to theoretical and empirical...
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