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The financial crisis which sweeping the whole global has destroyed many enterprises to extinct, But there are also companies in the wake of the financial crisis become the more powerful, the reason is that the dominant force of innovation promotes the enterprise sustained development and growth. The effect of the dominant force of innovation make the dynamic energy and potential energy of company's...
In 2008, the world has experienced a financial crisis. There are many mathematical models for measuring the risk, but now, we know at the very least, they didn't disclosure risks. The efficient market hypothesis postulates that markets tend towards equilibrium. But the efficient market hypothesis is unrealistic. There is systemic risk in the market in addition to the risks most market participants...
In this paper, a full review of prediction models of financial crisis has been provided. The differences, advantages and defects of prediction models established by foreign and domestic researchers are compared on the base of four aspects such as the definition of financial crisis, the choice of samples, the choice of variables and computation methods. These four aspects are key points to build prediction...
In order to investigate the global financial crisis's impact on logistics industry quantitatively, this paper selects 10 logistics listed companies respectively from China and US stock market as samples, calculates the default distances of the companies based on KMV model which is first proposed by US KMV company, analyzes the trend of credit risk change from the third quarter of 2008 to the third...
Under financial crisis's situation, our country SME financed difficultly because of lacking the consummation credit evaluation system. This article used the system engineering methods and unified our country SME's current condition to study credit evaluation system. It established the SME's credit evaluation indicator system and determined the weight, and then built the evaluation model by use of...
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...
Since chaos in economics been discovered, more and more chaos theory is applied to the study of economics and finance. Since the nineties of last century to the present, a lot of the financial crisis occurred, and even the global financial crisis, just like 2007-2008 global ciris. Many of the financial crisis, the phenomenon can be well explained by chaos theory, more and more people focus on how...
In a market economy system, the university's school system had changed, but the accompanying financial management of colleges and universities, because there is no change to adapt to the new, and there have been many problems. University's financial management concepts and mechanisms are urgently needed innovation. This article from the current financial crisis facing the university starting from...
In 2006 china made strategic decisions about building an innovation-oriented country. While building an innovative country is inseparable from the vigorous development of small and medium sized enterprises, high-tech zones are the collection areas of small and medium enterprises. This paper begins with the status quo of SME financing, combining with the financial characteristics of SME and the analysis...
Study on risk management of commercial banks(CB) is a hot issue in recent years. Especially after the financial crisis, more and more researchers begin to study how to manage the risk of China's CB. This paper combines the existing literature and Basel II to analyze the risk status of China's CB. We find that although China's CB have got a great achievement in risk management by now, three main kinds...
The purpose of this paper is to explore the relationship between the property rights system and the financial development as well as the property rights system and economic growth in developing counties such as China. The paper uses statistical and econometric methods to analyze the finance data in Asia and Latin America, and economic data in China combined with property rights institutional changes...
After the world financial crisis burst out, triggered by Sub-prime Loan Crisis, the voice of reforming of the current international currency system is upswing, advocating Promotion of Multicurrency International Monetary System, this is a golden chance for promoting internationalization of RMB. At present, RMB Internationalization is in the primary stage, so we can follow the road of "RMB circulation...
As the financial crisis sweeping the world, the capital structure of listed companies has also changed. Firstly, based on the panel data between 2006 and 2009 of 40 listed real estate companies, multiple regression analysis was done to find long-term factors affecting capital structure of real estate listed companies. Secondly, year by year regression analysis was done on the basis of the cross-sectional...
Based on the established methodology, this study investigates the momentum effect of China stock market. The data from 2005 to 2008 is used, covering the period of the America financial crisis. The empirical results show that momentum effect exists in China Stock Market, but not significant during the financial crisis.
The finance industry is inflicted heavy losses under the financial crisis in 2008. The economic environment declines for the depression of finance. Undoubtedly, the finance industry has taken an important role in national economy. This paper identifies the related industries of finance in applying I-O analysis, and makes a research on transmission mechanism among finance and its related industries...
In this paper we investigate the impact of incremental risk caused by 2008 financial crisis upon the service fee charged by agents. Using public statistic data, we find that operational risk of export oriented firm increases as a result of the financial crisis and audit fee is therefore charged more by auditors. However, for non-export oriented firms there isn't significant increase. The incremental...
Achieving financial stability and long-term human resources planning are critical to a sound elementary education system. In recent years the consistent rise of Taiwanese governments debt combined with the increase of education expenditures has caused a financial crisis to the elementary education. In fact, the Taiwanese elementary education system is affected by supply and demand of finance. This...
Since the first half of 2008, due to some reasons such as external shocks, blind development, Capital fracture etc, 67000 SMEs in China had closed, which brought even more serious employment problems in China, how to effectively prevent further deterioration of the collapse phenomenon, the key is to solve the financing problems of SMEs. From China's commercial banks credit market perspective, this...
Prosperity and development of society depend on reasonable policies. However, some factors such as problem affirmation, information resources, executor of policy and so on can arouse policy failure. Financial policy failure is one of the fundamental causes of the current financial crisis originated in the US. In order to prevent occurring of similar crisis in China, efforts should be devoted to promoting...
We empirically investigated the price fluctuations of S&P 500 stock market using daily close price of S&P 500 stocks under two different periods as corresponding to the time before the financial crisis and under the crisis. Based on our analysis, it is found that under the financial crisis, the weight distribution is showing a special form as majority of links imply strong positive correlation...
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