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Agents’ speculation behaviors are series problems which need to be solved. Through mathematical models and game theory, this paper analyzes optimal incentive contracts between principals and agents under asymmetric information condition in order to solve the problems in establishing incentive mechanism for agents. The relationship between incentive and risk is discussed and the best equilibrium between...
Recently the financial crisis triggered by the U.S. subprime mortgage crisis, has been conducted from credit market to capital market, from financial market to real economy, and has caused great damage to the global economy. In order to explore and block the route for crisis’s further spread in real economy, this paper applies systematic method to analyze the real contagion mechanism of financial...
The contradiction between the rapid development of science and technology and the lag of management level is becoming more and more prominent. Chinese government has clearly advanced that management elements should participate in distribution. In this paper, the contribution rate of management elements in economic growth is studied by a method of quantitative measuring and calculating. Management...
Managerial performance evaluation is an important problem in management science. In order to evaluate managerial performance fairly, a newly named analytical method is presented here. This method, two stage relative efficiency model, evaluates managerial performance by eliminating the influence of existing conditions. An example analysis is given. Empirical results show that managers in firms with...
The analysis of financial contagion is always an important problem in international finance field. Generally the crisis contagion has a feedback mechanism. In the context of financial globalization, world financial crisis has cross-contagion, and that is why the financial crisis is getting worse. Recently the financial crisis triggered by the U.S. subprime mortgage crisis, has been conducted from...
Design on motivation mechanism for agents is an important problem in management science. The incentive model under asymmetric information condition is discussed through contract theory. The research finds that the effect of incentive is closely related to the agent's working ability, the degree of risk averse, uncertainty of the work and endeavor cost. It can be found that the yardstick competition...
Managerial performance evaluation is an important problem in management science. In order to overcome some disadvantages of the available methods, a newly named analytical method is presented here. This method named two stage relative efficiency method, which is realized from data envelopment analysis (DEA), evaluates managerial performance by eliminating the influence of existing conditions. Empirical...
Through the function mechanism of economic system, sudden risk events in international economic activities cause a profound impact on international economy, and the impact scope and intensity are often difficult to estimate in advance. Study on financial crisis has always been hot among circles of international economy and finance. The recent crisis triggered by the U.S. subprime mortgage crisis shows...
American subprime mortgage crisis has evolved into the global financial crisis. In order to reduce impact of the U.S. financial crisis on the world economy, this paper uses systematic method to analyze the real contagion mechanism of financial crisis. The results show that competitive effect, income effect, effect of cheap imports and competitive devaluation effect are main influencing factors. Conclusion...
In order to improve performance of enterprises, the mathematical analysis method is used to design an incentive mechanism for managers. Results show that constraint degree, supervision strength, supervision motive, incentive strength, incentive direction, incentive frequencies are main influencing factors. Therefore, measures should be taken to enhance strength of these factors.
Recently the financial crisis triggered by the U.S. sub prime mortgage crisis, has been conducted from credit market to capital market, from financial market to real economy, and has caused great damage to the global economy. In order to explore and block the route for crisis's further spread in real economy, this paper applies systematic method to analyze the real contagion mechanism of financial...
The international financial crisis frequently breaking out since 1990s, especially the recent crisis triggered by the U.S. sub prime mortgage crisis, shows that, one of the typical manifestations of financial crisis is the contagion effect imposed on countries through financial market system. To prevent economy from being destroyed by financial crisis contagion, this paper puts forward a new testing...
Managerial performance evaluation is an important problem in management science. In order to evaluate managerial performance fairly, a newly named analytical method is presented here. This method, two stage relative efficiency model, evaluates managerial performance by eliminating the influence of existing conditions. An example analysis is given. Empirical results show that managers in firms with...
Agents' speculation behaviors are series problems which need to be solved. Through mathematical models and game theory, this paper analyzes optimal incentive contracts between principals and agents under asymmetric information condition in order to solve the problems in establishing incentive mechanism for agents. The relationship between incentive and risk is discussed and the best equilibrium between...
Characterized with broad coverage area, long duration and no limit of national boundaries, recon-sat plays an important role in modern warfare. Taken visible light photoreconnaissance satellite as an example, recon-satpsilas target guidance principle is studied, mathematics models of target detection, immovable target guidance and movable target guidance are built. Based on above-mentioned study,...
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