The Infona portal uses cookies, i.e. strings of text saved by a browser on the user's device. The portal can access those files and use them to remember the user's data, such as their chosen settings (screen view, interface language, etc.), or their login data. By using the Infona portal the user accepts automatic saving and using this information for portal operation purposes. More information on the subject can be found in the Privacy Policy and Terms of Service. By closing this window the user confirms that they have read the information on cookie usage, and they accept the privacy policy and the way cookies are used by the portal. You can change the cookie settings in your browser.
This paper selected the 29 shares of listed companies as samples, including 13 shadow banks. This paper will use the company's shares daily closing price as the research sample and use GARCH model to calculate the VaR and CoVaR value of the company's share price gains. The empirical results show that compared with the traditional banking institutions, shadow banking institutions risk spillover effect...
As the key to both offline and online business, consumers' trust to retailers always influences their purchase decision. In recent years, based on the traditional business, more and more click and mortar companies spring up. But could consumers' trust transfer from offline to online channel? And how? Extant researches lack deep exploration for these questions. In this study, introducing perceived...
A Business Cloud is defined to be a collection of company datasets that are stored on the "Cloud". For simplicity, we have assumed: Each company only has one dataset. There are information flows among these datasets. Within such an environment Chinese Wall Security Policy (CWSP) is revisited. Based on the "physical" view of Brewer and Nash, the Chinese Wall policy that regulates...
Interdependent cyber-physical systems (CPS) connect physical resources between independently motivated actors who seek to maximize profits while providing physical services to consumers. Cyber attacks in seemingly distant parts of these systems have local consequences, and techniques are needed to analyze and optimize defensive costs in the face of increasing cyber threats. This paper presents a technique...
Location covering problems is a widely researched field due to the fact that it is useful for siting of facilities in real-life situations. This article discusses the history of location covering problems and provides an alternative formulation for both the Location Set Covering Problem-Explicit and the Maximal Covering Location Problem-Explicit. The article further demonstrates how these models can...
Workflow Management Systems (WfMSs) help big enterprises in automation of their business processes and thus help the management to take critical decisions fast. The WfMSs can be combined with the power of Cloud Computing to harness the strengths of both the technologies. The use of WfMSs for critical and strategic applications, which is common in case of business and scientific community, gives rise...
This paper studies the relation between analyst optimism and individual stock price crash, and whether the conflict of interest affects the relation. Examining a comprehensive sample of listed companies between 2007 and 2012 in Shanghai and Shenzhen A-share stock market in China, we provide strong evidence that analyst optimism is positively associated with stock price crash. Furthermore, we test...
The default of Suntech Power make the year 2013 become "the first year of default" of Chinese bond market. People are also clearly aware of the risk of default on bonds again, which shows that fair pricing for default able corporate bonds is very important. This paper prices for the "11 super JGBS" based on Merton Model, reduced model and incomplete information model and also compares...
Cloud computing platform gives people the opportunity for sharing resources, services and information among the people of the whole world. In private cloud system, information is shared among the persons who are in that cloud. Presently, different types of internet based systems are running in Cloud Computing environment. E-commerce is one of them. Present models are not secured enough for executing...
Listed companies in Vietnamese securities market have not employed any consistent equity valuation models; some models based on the traditional Capital Asset Pricing Model (CAPM) produced unpersua-sive results because the CAPM's assumptions do not hold in an emerging market like Vietnam. The problem has been considered as one possible reason for the unpredictable stock prices in the Vietnamese securities...
As an increasing amount of businesses look towards collaborations to gain a strategic advantage in the marketplace, the importance of systems to support these collaborative activities significantly increases. Within this area, arguably one of the most important issues is supporting interaction security. This is both at the initial, higher level of humans from businesses agreeing on joint security...
Customer grading is important for recognizing valuable customers in company, especially for those who have too many customers to serve while the service resources are limited. In this paper, for general multi-factor customer grading problems, a new grading model is established with multiple constraints, and a solution method for this problem is provided. Case study from a security corporation illustrates...
We discuss the concept of information stewardship in cloud-based business ecosystems. The constituent concepts of stewardship -- which we believe will be crucial to the successful development of cloud-based business of all kinds -- extend those of security to encompass concepts of objectives, ethics/values, sustainability, and resilience: all familiar from the stewardship of natural resources. Our...
Management is the management holding the owner of a listed company, holding shares of listed companies, in order to address the separation of ownership and management under the conditions of management incentives. In this paper, annual reports of listed companies in China in recent years, the disclosure of shareholdings and corporate performance management for the study of managerial ownership and...
This paper studies the impact of macro economic uncertainty on the direct and indirect investments of non-financial companies during 2001 -- 2009 by using the random effect model of panel data. The results show that the macro economic uncertainty calculated by the GARCH model has different effects on the direct and indirect investments. That is, macro economic uncertainty restrains the direct investments...
With China's constant perfection and development of securities market in public offer system, some professional researchers propose an implementation of grading management over sponsor representative. It is urgent to establish a scientific system to evaluate the overall quality of sponsor representative. This paper applies the method of fuzzy decision into the evaluation on sponsor representative...
This article analyzed IPO data of China's 561 companies in SME board and 186 companies in GEM board, and claimed that the new IPO system implemented in June 2009 provided opportunity for high-priced, high price-earnings ratio IPO. Underwriters and the former major shareholders became the beneficiaries and the largest driving force because of their profit-driven behavior. In the current external environment,...
The issue of the separation of ownership from control and the alignment of management and shareholder via the managerial ownership of equity remain the key topic of Chinese listed companies. Through the empirical study, this paper reveals that the managerial shareholding has no effect on management performance. The fundamental resolution to get the stock option incentive work in China is to set up...
When the share rights concentration degree is high big shareholder will become the ultimate controlling owners of the listed company. This paper studies the preference of the directional add-issuance based on the realities of China capital market, and studies the effect of the historical performance, share rights concentration, asymmetric information, and operation risk on the re-financing options...
Set the date range to filter the displayed results. You can set a starting date, ending date or both. You can enter the dates manually or choose them from the calendar.