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Since the housing reform in 1988, with the rapid development of the real estate in China major cities, the fluctuations of housing price becomes an important issue which makes a great impact on the national welfare and the people's livelihood, even the social conflicts. It affects not only the housing, but also the related industries. In the final analysis, price change in housing depends on housing...
The article is based on the current research outcome of industry modularization and value-network theory, taking Taizhou logistics park of Zhejiang China as an example, we have proposed a logistics industry modularization value network, and the relationship between value network and modularization. Furthermore, we have investigated the competitive advantage of logistics industry modularization value...
This paper investigates the effect of state ownership on trade credit financing among Chinese firms. We find that besides market power, state ownership also has a significantly positive effect on the use of trade credit, and thus can serve as a substitute of market power to facilitate trade credit financing. Further analysis indicates that in areas with lower degree of financial market development,...
This study's mainly purpose is to investigate whether characteristics of audit firm can affect timeliness of audit report base on empirical evidence from stock market of China. The characteristics we think that may have significant effects on timeliness of audit report are audit firm size, industry specialization and audit opinion. In this paper we use audit report lag to measure timeliness of audit...
The theoretical study of retail has drawn the attention of domestic and foreign scholars, but it's still not enough systematic and perfect. Basically, the scholars in China did not do in-depth research on retail theory, therefore no unique retail theory forms in China in the process. The development of western retail business is earlier than that in China, and the study of retail development theory...
As one of the core contents of the company's financial management, dividend policy receives universal attention in the theoretical circles. This paper selects the IT industry as research object, firstly analyzes the status quo of dividend distribution about past six years, and then selects the financial data of 2011 to build a multiple linear regression model to verify the influence factors in the...
This paper uses the HP filter to verify that Shanxi's industry is very unstable, and the income of residents faces huge uncertainty under the heavy chemical industrial structure. On this basis, using the Granger causality test and impulse response function analysis, we find that the volatility of the industrial system in Shanxi is the important source of residents' income uncertainty.
In order to better understand the transmission mechanism of monetary policy, we evaluated the asymmetric response of corporate over investment to monetary policy. We tested the different effects of monetary policy on excessive investment under the different corporate ownership structure. There are two findings. First, listed companies in China generally have excessive investment behavior. Second,...
Based on the generalization of current service quality situation of automobile 4S stores in China, this paper introduces the definition of service quality, the discrepancy analytical model, and the service profit chain of automobile industry. Then it analyzes the evaluation indices system, and establishes a set of evaluation model for measuring the service quality of automobile 4S stores based on...
Based on the equity theory and the characteristics of the culture industry, this article defined cultural property and cultural property transaction, and then discussed the cause of cultural property trade market and its function. The conclusion shows that cultural property transaction market can rationalize the distribution of resources, discover value and perfect the multi-layer market system, the...
With the rapid development of knowledge economy, how to operate and manage intangible assets effectively has become an important way and urgent task for company to increase its value. According to the new accounting principal, we try to analyze the value relevance of intangible assets based on information technology industry with theoretical significance of the value relevance of different kinds of...
With the overall opening of retail market in China, overseas large-scale supermarkets are encroaching our domestic retail market. The key points of whether the supermarkets in our country can succeed are as follows: How to adjust measures to adapt local conditions, how to orientate reasonably and how to choose appropriate competitive strategy. This paper uses SWOT analysis method to analyze the internal...
Because the human-capital-intensive firm's crucial resource does not have the property right characteristic, the difference in merger and acquisition between the human-capital-intensive firm and traditional physical-capital-intensive firm is remarkable. After traditional physical-capital-intensive firm merges the target enterprise property right, merger and acquisition primary goal can be achieved,...
Basd on the panel data of China's 36 industrial sectors in 2000-2009, this paper analyzes the energy relationship of different sectors by grey relational theory. Results show that China's industry is strongly dependent on fossil fuels, and China needs optimize its industrial energy consumption structure. To do that, this paper finds out the industrial sub-sectors which should reduce fossil energy...
This paper analyzes the relationship between the urbanization development and the service sector growth of China with the annual statistics data from 1978 to 2010 by means of co-integration theory, error correction model and Granger-causality test. The empirical results show that there exists a long-term equilibrium relationship between the urbanization development and the service sector growth of...
Through the research of various countries' tax policy in finance lease, we show the different characteristics of fiscal policy between these countries.
This paper defines that the development of VCD industry experienced complete evolution process in disruptive innovation and the disruptive innovation promoted rapid growth of this industry in turn through case study. Furthermore, this paper deems that the disruptive innovation is one of effective ways for a developing country to upgrade it's industry, and this has a positive enlightenment in the growth...
Monetary policy is the main tool to realize macro-control, it plays a very important role in impacting macroeconomic. Starting from monetary transmission mechanism, this paper researches the monetary policy transmission channel and the asymmetry. At last, it studies several research methods. The result indicates that the monetary policy indeed exists asymmetry when transmitting. Actually compared...
This paper tries to evaluate the openness of Chinese tourism market toward foreign travelers. The way of approach is by examining the tourism services trade barriers. This paper includes a model of tourism services trade barrier, which is built based on Paasche index theory, with America's direct tourism output and GNI per capita chosen as its two variables. With this model, the degree of the openness...
Based on dynamic shift-share analysis, this paper studies the competitiveness of high-tech industry in the eastern, central and western areas in China from 2000 to 2010. The empirical results show that: On the whole, the competitiveness of high-tech industry has emerged a transferring tendency from eastern to central areas. In the process of development, the eastern, central and western areas formed...
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