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This study modifies Fukuda Nakamura Caballero Hoshi Kashyap (FN-CHK) method to identify zombie firms by incorporating non-recurring gains and losses. The effectiveness of the proposed method is evaluated by existing unqualified companies and specially-treated companies in Chinese stock market. Based on the proposed method, this study analyzes the development trend, the proportion of zombie firms in...
Using the panel data of thirteen provincial cities in China's Jiangsu Province, this paper analyzes the interactive relationship between industrial agglomeration and talent agglomeration in Jiangsu Province on the basis of elaborating the interaction mechanism between them, and draws lessons from European Union's “smart specialization” policy to make targeted recommendations. Our results show that:...
The State Council proposed to develop the strategic emerging industries and give them some support in terms of policy in 2010. Under the policy context, this paper selected the new energy industry as the research object. Based on the panel data of the new energy industry from 2010 to 2014, we found that government subsidies had a weak positive correlation with the capital structure but a significantly...
In PPP (Public-Private Partnership) projects, a reasonable risk-sharing system determines whether project financing will be successful. As “economic men” with limited rationality, both the government and the investors have altruistic preferences during cooperation, and their behaviors and incentive strategies can be explained and designed by the principal-agent theory. In order to study how project...
In Taiwan, solar power is a potential renewable energy to develop because of sufficient sunshine. From environmental and economic aspects, the government has conducted a policy to subsidize the individuals on installing the solar photovoltaic system from both financial assistance and buy-back assurance such as Feed-in Tariff scheme. It is an incentive for people invest such that both economic-benefits...
Approximately a quarter of all US non-for-profit hospitals operate with negative margins. In this unsustainable situation, revenue cycle management (RCM), the business process which drives revenue collection and account receivable administration, becomes increasingly crucial for healthcare organizations. RCM is at the center of an incredibly complex network of external and internal links and its success...
This study attempts to assess the level of mandatory disclosures in the annual report of Malaysian Federal Statutory Bodies (FSB) and to empirically investigate the hypothesized impact of several organization characteristics on the extend of annual report mandatory disclosure. A Mandatory Disclosure Index (MDI) was developed consisting 40 mandatory items which were extracted from Malaysian Treasury...
Firstly reviews related researches at home and abroad, combines related theories and author's analysis, finds out the likely determinants of internal control quality, and then collects the sample data to test them empirically. The empirical results show: the larger the size, the higher the quality of internal control; the quality of internal control will be higher if the proportion of the largest...
Merger and Acquisition has become an important method for Chinese private listed companies to expand their production capacity and acquire greater market share. Meanwhile, however, whether M&A can bring better performance has become the theoretical and practical focus in China. By adopting the assessment method of accounting ratios and with reference to the financial data from 42 sampled companies,...
The stock market in China began relatively late and is still at a early stage. In 2005, the Equity division reform began. And the particular phenomenon of equity division gives dividend policies rich contents. So how to borrow ideas from overseas research results and analyze the problems of dividend distribution combining China's reality becomes more and more important. Through analyzing the data...
To develop the sustainable microcredit can effectively solve the financing problems of financial vulnerable groups in counties. The inherent high risk and high cost in the running of microcredit requires system innovation such as market-oriented pricing to ensure the sustainable development of microcredit. For micro-entrepreneurs, the first question is the availability of funds, and the first priority...
As a component of financial safety net, deposit insurance system plays an important role in protecting squeeze crisis, enhancing the anti-risk ability of depository institutions, maintaining the interests of depositors. In China, establishing rural cooperative financial institutions' deposit insurance system is an objective choice of the stable of rural finance. This paper analyzes the operational...
More and more enterprises begin to pay attention to social responsibilities and their disclosure. From all the listed companies on the Shanghai Stock Exchange in 2008, 156 companies were taken as study samples. Based on the data, the correlations and regression analysis were made between each index representative CSR and corporate profitability. The study shows that the CSR for government and staff...
This paper is about the promotion of industrial peace where labor and management work hand in hand to succeed in their business. The frameworks on competency-based compensation and equitable profit sharing are meant to distribute the wealth generated by businesses equitably and to efficiently manage the business in terms of cost and productivity. In this manner, prosperity will be achieved even in...
Voluntary disclosures communicated to investors are subject to considerable discretion of the disclosing companies. While regulated disclosure under the IFRS convergence could be a solution to greater transparencey, the benefits of such disclosure is still inconclusive. Hence, it is important to monitor managers voluntary disclosure decisions to be more align with the interests of the investors. Using...
Voluntary disclosures communicated to investors are subject to considerable discretion of the disclosing companies. While regulated disclosure under the IFRS convergence could be a solution to greater transparencey, the benefits of such disclosure is still inconclusive. Hence, it is important to monitor managers voluntary disclosure decisions to be more align with the interests of the investors. Using...
The substance of corporate social responsibility is that corporations should undertake certain social responsibilities or obligations in operation or pursuit of profit maximization. It is derived from public welfare or social responsibility undertakings, and the government generally gives preferential policies through laws and regulations as the recognition of corporations which undertake social responsibility...
To properly determine the concession period is one of the most important questions of BOT (Build-Operate-Transfer) projects. Project life and total investment are always pre-given in extant models such as ACM and RCM, which needs more discussion. Social benefit is one crucial factor for a host government to accelerate infrastructure construction by the BOT mechanism, which has been much more concerned...
The choice of the adjustment approach of capital structure is the result considering company characteristics and outside environment. According to the balance sheet we discussed five kinds of adjustment approaches of mercantile credit, short-term debt, long-term debt, stock issuing and retained earning, and empirically analyzed some factors affecting these adjustment approaches based on the panel...
To promote comprehensive, coordinated and sustainable development of Public rental housing supply, we must solve the bottleneck problems and market defect. As the deepening and development of policy-type finance, China's fundamental realities that economy, market and system are being reforming decide that development finance will play a vital and unique role in quite a long time. It reflects system...
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