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The change of stock price information has effect capital market and real estate market. As economic globalization and financial integration deepen with the development of foreign trade, direct investment and capital flows, portfolio pricing in capital market should be based on a global information set. Using samples of Hong Kong, ShenZhen and Shang Hai real estate stock market during August 1,2007...
The literature of financial crisis and China Foreign Trade-based logistics companies' (CFTLCs) strategic transformation was reviewed, the importance of the capability factors for CFTLCs was put forward. Then, a survey was conducted with Likert scale method, and the data was analyzed by SPSS software. Factor analysis results show that five crucial factors which affect strategic transformation of CFTLCs...
With the development of China's stock market, the financial situation of listed companies has become a centre that stakeholders concentrate on. Thus, the prediction of financial distress gets popular in corporate management. By establishing some rules, the financial prediction system will follow and analyze the index of financial situation, and make effective alarm before the crisis happen. It's significant...
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...
According to this article, macroscopic changes in the increasing speed of Chinese consumption indicates that, with the comprehensive influences of the financial crisis and macroscopic control lance, an unexpected change must have taken place in individual consumption behaviour, too. Authors of this article planned to collect microcosmic statistics in respect of individual consumption behavior by means...
The analysis of financial contagion is always an important problem in international finance field. Generally the crisis contagion has a feedback mechanism. In the context of financial globalization, world financial crisis has cross-contagion, and that is why the financial crisis is getting worse. Recently the financial crisis triggered by the U.S. subprime mortgage crisis, has been conducted from...
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...
By log-periodic power law, this article predicts the collapse time of two stock market bubbles in China from October 2008 to August 2009 financial crisis. Shang Hai & Shen Zhen 300 index and representative shares in key industries of the economy are selected for this analysis. Relative conclusion indicates that Chinese Stock market index and these shares' situations before crashes are similar...
Suppose the stock returns series has a fat tail distribution characteristics of GED, and select the stock return series of three types of listed companies from 2007 to 2009 as the sample data, empirical analysis credit situation and probability of default of the listed companies in China before and after the financial crisis. Research indicates that the model can be well with the actual economic situation...
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...
After the discussion of the connotation and the value direction of property rights under the financial crisis condition, we find out that financial-rights can be divided into general financial-rights based on corporate fair and residual financial-rights based on corporate efficiency by the completeness degree of contracts. financial-rights can be expressed as the combination of general financial-rights...
Fair value is a hot topic in international accounting development and research in recent years. The application of fair value measurements in accounting, not only to meet the requirements of accounting objectives, but also meet the definition of asset measurement and accrual basis of accounting recognition. So, it is widely used. However, with the occurrence of U.S. subprime mortgage crisis, fair...
We focus on the contagion effects of international financial markets arising from financial crisis. By analyzing a panel of percentage natural logarithm return rate of 12 countries, we qualify the impact of financial contagion in global equity markets from the subprime mortgage crisis. The paper uses adjusted correlation analysis approach and latent factor model to measure the international propagation...
In 2007, an unpredicted financial crisis had the world dumbfounded, the crisis caused losses in U.S. and around the world are not to be ignored in either U.S. real economy or volatility of Global financial market. The crisis has undoubtedly brought a lot of inspiration to China, because Chinese Bond Market is still at the initial stage. The paper summarizes the main problems of Chinese Bond Market,...
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...
This paper combines latest research achievements of financial structure and financial crisis, with the use of Chinese listed companies' data from 2007 to 2008, and examines the impact of companies' different financial structure, especially the debt structure on their output during the subprime mortgage crisis by empirical study. The empirical results reveal that the change in output growth has remarkably...
This paper focuses on China's monetary policy in the context of financial crisis. Empirical Mode Decomposition (EMD) method is used to extract the influencing factors of M2 and analyze their effects. We construct a VAR model to calculate the effects of monetary policy in the context of financial crisis since September 2008, and compare with that in the Asian financial crisis. The results show that...
Many economists regard the financial crisis from the “bottom” to the recovery stage, known as “post-crisis period.” Due to uncertain situation, control the situation seems complicated and confusing, making it difficult to grasp the implementation of monetary policy. However, technical barriers to trade faced by our country's exports as the largest non-trade barriers have seriously affected China's...
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...
This paper is a survey on the application of artificial neural networks in forecasting financial market prices. The objective of this paper is to appraise the potential of using artificial neural networks to predict the financial system, as it is reflected in many relevant articles. It will provide some guidelines and references for the research and implementation. This paper begins with an introduction...
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