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As the most important part of economic growth, capital investment has a higher growth rate recently and occupies the amazing share among all the investments. Based on the theory of risks management, the capital investment risk factors were fully analyzed and an index system for the reasonable evaluation of capital investment was brought forward, which aimed at the quantitative and overall evaluation...
In this paper, we study an order-driven stock market where agents have heterogeneous estimates of the fundamental value of the risky asset. The agents are budget-constrained. Their value-based trading strategy in which buys or sells depend on whether the price of the asset is below or above its risk-adjusted fundamental value. We assume that investors' optimal demand for the risky asset depends on...
In this paper, hierarchical holographic modeling (HHM) is used to identify the risks in transport PPPs under the perspectives of contractual nature of PPPs, institution and cultural environment, and inadequate supervision. Then, we propose that the traditional financial audit approach can not effectively control risk on PPPs, and furthermore, we give an analytic framework of audit supervision for...
China's forestry development is always restricted by various risks consistently, which seriously impact on the profound development of forestry industry in China. Therefore, a long-term and effective forestry risk management is imperative. Along with the innovation of financial tools, how to use them in the risk management system of forestry is significant to raise the level of risk management. The...
The paper analyzed the principle of securitization of catastrophe insurance and studied the implementation details of the securitization process though the case study of securitization of Sichuan earthquake insurance. It is concluded that Catastrophe Insurance Securitization can be an effective instrument for insurance companies to diversify the catastrophic risk to the financial market. Meanwhile...
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,...
Traditional wises think inter-firm network as instrument for lowering or diversifying risk, which is questioned by recent studies. The purpose of the paper is to investigate the role of inter-firm network in the formation of risk crisis in the background of industrial cluster. The paper puts forward an analyzing model and studies recent cases from Zhejiang Province of China. The paper suggests inter-firm...
In recent years, IT firms in emerging market countries have begun to undertake direct investments abroad. According to incremental internationalization theory, experience prompts internationalized investments. This article employs data of Chinese listed companies to verify the above theory. Besides, what we conclude is that internationalization experience of senior executives will counterbalance deficiency...
The development of enterprise annuity is vital to successful development of endowment insurance. The investment operation of enterprise annuity will encounter risks inevitably, it is important to identify and avoid the investment risk for preserving the value of enterprise annuity. In this paper, the risk of investment can be divided in to three aspects from perspective of risk aversion: The risk...
Because the scale of SMEs is small, they have weak anti-risk abilities, and a lot of small and medium-sized enterprises are given to birth around the world each year while at the same time many of them are closed down. Therefore the SMEs need to improve their own innovative abilities urgently. This paper first describes the innovative advantages of the SMEs. And then it focuses on studying the innovative...
With the rapid development of computer technology, informatization prominently has an increasing influence on the creativity of enterprises increasingly. But the great risks of informatization have not been effectively learnt or controlled. By analyzing the informationize process of a typical company in china, the author suggests an indicator system for identifying the boundaries of risks in informatization...
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...
The enterprise annuity fund is a supplement of old-age insurance, which is collected according to the relevant national laws, regulations and the enterprise annuity plan, formed with the operation income, and used to pay the enterprise retirement old-age pension. Since "Enterprise Annuity Implementation Means" and "Enterprise Annuity Fund Management Implementation Means" were set...
Risk identification is the chief step of risk management in enterprises' international operation, and also the premise and base of risk avoidance and countermeasure. This research takes Chinese enterprises' international operation as the research background. Based on theoretical deduction of the international risk classification and identification, through empirical research about measure of risk...
The ALM assesses the stochastic characteristics of underlying liabilities and their sensitivities to risk factors. The main goal of pension fund investment is to minimize risk at a given rate of return. Therefore, it is practical for us to analyze risk factors of pension funds investment in the framework of ALM. This paper starts with regulatory rules and risk factors of China's pension funds. And...
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...
In order to investigate the interrelationship between risk and efficiency, based on the decomposition of risk into endogenous risk due to bad management and exogenous risk due to adverse environment, this paper introduces a modified measure of risk-adjusted efficiency by using a multistage data envelopment analysis (DEA) to estimate the real efficiency level for the 284 insurance firms in China from...
Dual-use core technology can be integrated along the entire life cycle of technology because of its value extensibility, while integration of this technology required a corresponding platform. Owing to problems of China status and policy, this platform is closed type. Platform based on innovation should be constructed in China. It is feasible. This platform should be divided into soft-type platform...
Political risk is one of the most important risks in the outward foreign direct investment (OFDI). Because of China's fast development of OFDI, China's multinational companies will face more and more political risks in the future. This paper discusses the evolution and nature of political risks and puts forward the political risk management procedures for multinational companies operation from four...
Acting as the stimulus, amplifier and accelerator in current financial crisis, credit derivatives incur much criticism. After reviewing credit derivativespsila roles in the financial crisis, people are thinking, after the crisis, whether credit derivatives will be completely replaced, whether credit derivatives will be back to nature, and whether better supervision system thereof would be more in...
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