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The Information and Communication Technology and foreign exchange market is a vast subject. This Article considers the impact of technological advances on the foreign exchange management and focus on transparency to determine exchange rates, transparency relates to how efficiently dealers can aggregate information in foreign exchange. There are of course many other uses of information and communication...
As the rapid development of Internet technology, the influence to the financial fields of the financial information on the Web has become increasingly can not be ignored. Facing mass unstructured Web text about financial information, the paper present a method to calculate the tendency of text, and analysis the relationship between the emotional tendencies of Web financial information and the financial...
As a new channel of loan, network loan is more suitable than traditional bank loan for small and medium-sized enterprises. Various network loan services are provided by commercial banks and e-commerce platforms. This paper deals with the relative advantages and applications of some kinds of network loan for small and medium-sized enterprises, by the comparative analysis of several typical ways of...
To create value for shareholders as much as possible is the mission of enterprise. Only the interests of shareholders has been protected, the rights of other stakeholders shall be guaranteed, building an effective performance evaluation index system of enterprise is particularly important. Traditional profit-centered performance evaluations have many defects, as a new performance evaluation method...
XXI century is called informational century. And indeed the IT becomes the part of everyday life and creates quite new means for economy. IT is deemed as one of the factors of energy effectiveness as their usage importantly reduced the expanses of transport, practically except enterprise loss, what on the other hand reduce the exhaust of green-house gases.
Tianjin Binhai New Area plays a strategic role in the development of the whole city, and lots of SMEs serve as accessory manufacturers, downstream dealers and “middlemen” for large groups. Numerous studies analyze how Supply Chain Financing helps SMEs get financing support in this area, however, there are seldom researches taking how to combine various financing products with the booming logistics...
This study has provided empirical evidence where the corporate tax compliance does have a significant relationship with corporate governance mechanisms. The study covered the period of pre MCCG (Malaysian Code on Corporate Governance) revision (2005 to 2006) and post MCCG revision (2007 to 2008). The statistical results reveal that MCCG does influence a constructive impact on the level of corporate...
There have been number of studies discussing the optimal level of capital structure since the seminal work of Modigliani and Miller (1958). In this study, we examine whether an optimal level of debt exist at which a firm could maximize its value. An advanced panel threshold regression model by Hansen (1999) is employed to test the effect of debt ratio on the firm value among Malaysian listed firms...
This paper extends the connotation of "family governance". It believes that so called family governance is not limited to the governance of corporation and that we must pay attention to intra-family governance. Intra-family governance is mainly reflected in family relations, intergenerational succession, working atmosphere, etc. Multiple overlapping exists between intra-family governance...
The mining investment takes a long time and high risks, and has complexity. In different stages of financing for the mining industry, it has different requirements. This paper analyzes the different stages of mining investment financing, and compared different methods of mining financing, discussed different stages of financing channels about mining investment. Then the author puts forward some policy...
This paper statistically describes the current situation of A+H share dual-listed companies from listing time, ownership structure, industry distribution. Based on these, it also compared the governance level between A+H share dual-listed companies with A share companies in mainland, hereby to measure the governance effect on companies in mainland which are dual-listed in Hong Kong. In this paper,...
Foreign exchange market is the most liquid and high volatility market. Many researches have been done to improve trading however the trading is mostly done conventionally. Research on foreign exchange trading is very active. Various techniques of forecasting were created. However the most important part is left unwritten: the framework of the trading. Therefore, this paper try to show the proposed...
This article examines patterns of changes in state-owned capital and private capital in Chinese insurance industry over a fifteen-year period, 1995 to 2009, to assess whether the boundaries of the state as a participant in insurance industry have significantly declined. The conclusion is that privatization in insurance industry presents different characteristics from other fields in which the state-owned...
Initial public offerings have generally been underpriced in the short term. In the primary stock market of China, the phenomenon of severe underpricing has remained a problem for most of the time. This paper made an empirical study of the IPO underpricing in China from a risk factors disclosure perspective. Using IPO data from 2004–2011, we found significant relationship between these risk measures...
This paper analyses the difference operate behaviors between the state-owned and non-state enterprises by studying the factors of capital structure and dynamic adjusting model. The results made by the data from 1998 to 2008 of Chinese list-companies, the results show that: 1) generally speaking, state-owned enterprises have finance surplus while non-state ones have finance deficit; 2) non-state enterprises...
Due to the specialty of the commercial Banks, the leverage ratio is generally considered to be determined by the capital adequacy control. However, the latest evidence (Gropp and Heider, 2007, Monica Octavia and Rayna Brown, 2008) shows the actual situation of domestic commercial Banks is not the case. In this paper, we explore the determinants of capital structure of listed commercial bank in china...
Chinese private listed companies' equity is concentralized, and the related-party transactions are generalizing. Through Tunneling, Chinese private listed companies occupied other shareholders' assets, with dominant forms are guarantee, mortgage and merchandise trade. The relationships between trades are related to the motivation of tunneling.
The paper samples from A-share companies listed in Shanghai Stock Exchange and Shenzhen Stock Exchange, and uses the linear probability model to test the factors causing equity financing preference in China's listed companies. The empirical results show that the capital structure and corporate ownership structure do not have a consistent explanatory power in the financing behavior of China's listed...
The paper discussed the impact of entrepreneurs' wealth concentration, their risk aversion, and the degree of financial marketization on credit finance availability for SMEs. This paper found that entrepreneurs' wealth concentration of SME was significant indicate a signal from control rights to outside investors. Furthermore, The degree of financial marketization has a positive effect on the credit...
As an important means to analyse a company's operation conditions, cash flow indicators based on cash basis, which cannot easily be manipulated, are closely related to its financial performance. According to the constructed cash flow indicators of operating activities, investing activities and financing activities, and data gathered from Datang International Power Generation Company Limited, the article...
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