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The paper studies the application of principal component analysis and ANN (Artificial Neural Networks) for pre-warning of enterprise financial crisis, analyzes the factors of financial crisis, and constructs the model of the enterprise financial crisis with principal component analysis and ANN. It integrates simplifying of enterprise financial crisis index, dynamic learning of financial crisis knowledge...
Some research are done on return distribution in this paper. And a combinatorial distribution model is proposed. Additionally, its density function is used for fitting the returns in the Shanghai stock market, which are under different time scales, such as 1 minute, 5 minutes, 1 day. It is demonstrated that the combinatorial distribution model is an excellent fit to the return distribution.
In this paper, we use vector autoregressive (VAR) models to characterise the Malaysian monetary policy and to investigate the roles of money, interest rate, credit, asset price and exchange rate channels in the Malaysian monetary transmission mechanism. Malaysia is an interesting small open economy to study because of the capital control measures imposed by the government following the 1997 Asian...
Financial competitiveness is the embodiment of the company competitiveness. It is important for investors or company itself to evaluate the financial competitiveness. In this paper, a financial competitiveness evaluation model based on the method of analytic hierarchy process (AHP) was built which includes 15 indicators in four areas of solvency, operational capacity, profitability and development...
BT model is widely used in municipal infrastructure construction financing in recent years. The repurchase price of BT project is the core issues between project sponsor and BT investors. Repurchase price consists of two parts: project settlement price and investment income. Return on investment is closely related to bank lending rates, social discount rate and the risk level of investor tolerance...
With the development of credit market and changes in credit risk, many new quantitative assessment models and management strategies in the area of measurement and management. In this study, we discuss AHP for designing a credit assessment system to discriminate good creditors from bad ones.
Based on the endogenous model of the contribution of financial development to economic growth, with the application of time series model to analyze the contribution of financial development in BinHai new area over the economic growth, the paper observes the changes in its development and uniqueness, explores the special mechanism that how financial development affects on economic growth. With analyzing...
In order to investigate the impact of Macroeconomic Environment and financial factors on Companies in financial distress, This paper collects real estate listed companies from 2001 to 2008 as samples and then develops two models, model I of which introduces financial factors and Model II have the financial factors and the macroeconomic factors integrated together. Then this paper uses Logistic Regression...
A large number of non performing assets in financial institutions is an important reason for causation and deterioration of financial crisis. Asset securitization is considered the effective way to deal with NPA. The key issue of restricting securitization is the selection of NPA. Firstly this paper introduced definition and market players of asset securitization. Secondly, it put forward the principles...
Financial risk is a critical variable in forming enterprise's financial crisis, the cyclical showing of which is an objective law undecided by the will of people. Although financial risk identification is very important to enterprise, but there is still not an effective way. Combing with matrix identification principles, this paper puts forward a matrix model for enterprise to identify its financial...
The risk of the financial market is the focus of global financing institution and supervisory authorities. Correspondingly, the accurate measure of volatility is central to the measure of the Value-at-Risk. VaR is a popular method to computer the finance risk at present, and the key of calculating VaR is predicting volatility exactly. About the measurements of volatility, the first method is the initial...
The project risk assessment is an important basis for construction enterprises to select the bidding project and make decisions during the bidding phase. In this paper, based on the thoughts of idealization and the combination of objective and subjective ideals, the project risk assessment model of Rough set-TOPSIS is proposed. Firstly, adopting Rough set theory, the objective weight of each index...
This paper mainly discusses the study of models for financial distress pre-warning, trying to select general financial indexes by principal component analysis, and meanwhile adding nonfinancial indexes which reflect corporate governance state to complement. Logit Model which is more accurate in prediction is selected, with the 56 company samples including both delisting pre-warned companies and counterparts...
An Index Tracking fund is designed to achieve similar investment performance to a market index by holding a portfolio of stocks in which each is weighted with consideration of its corresponding index weight. An ideal index tracking fund is exposed solely market risk. An enhanced index tracking fund should maintain a similar level of risk exposure through a high level of diversification (investing...
Financial risk of a certain enterprise usually is categorized into a determination grade under the traditional evaluation method. The traditional classification can lead to part information loss, then result in mistake decisions of users. According to the characteristics of financial risk, a multi-level fuzzy model of comprehensive evaluation is put forward in this paper. The evaluation result can...
In today's economy and society, performance analyses in the financial service industry attract more and more attention. The 7 largest Canadian Schedule I banks operate very large nationwide branch networks in all markets. They are not only essential for the security and strength of the Canadian financial system, but also make significant contributions to the economy across the country. They continue...
In this paper, we propose an index system to measure enterprise R&D funds management capability, use factor analysis models to define the main factors which determine the impact of corporate R&D funds management capabilities. This system is used to empirically analyze R&D funds management situation of medium-sized enterprises of China from 1991 to 2007, and provide them some effective...
It is well known that distributions of financial return are fat-tailed and many models have been developed to capture fat-tail. It is not so well known that distributions are skewed. We construct skewed distributions based on symmetric distributions using Fernandez-Steel method and research the prediction of volatility together with APARCH model. Empirical results show that there are significant influences...
The same as macro-economy, enterprise's financial status also exists a prosperity cycle which displays from contraction to expansion and form boom to depression. According to the principle of macro-economic prosperity monitoring, based on the entropy model in informational theory, the paper constructs the financial prosperity index and designs a dynamic monitoring method which includes trend graph...
Project review is always the key link of the Science and technology fund project management. Project review is a complex work which involves many factors. The final evaluation result is always influenced directly by the definition of various evaluation indexes and the corresponding weight. This paper mainly studies the judgment of the experts' ability and the establishment of the project evaluation...
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