简介:China’sstockmarkethasexperiencedmorethan20yearsofdevelopment.Despitetheconceptofvalueinvestmenthasalreadybeenreflectedinstockinvestment,manyinvestors,especiallysmallandmediuminvestors,stilldonotpaymuchattentiontovalueinvestment.Blindnessandspeculativethinkingstillaffectinvestment.Thispaperchoosesthebankingindustryastheanalysisobjectandusestherelativevaluationapproachtoevaluatetheprice-earningsratio(P/Eratio),price-to-bookvalueratio(P/Bratio),andprice-earningstogrowth(PEG)ofthe10listedbanks,thenjudgestheinvestmentvalueofeachbankandfocusesonthevaluationandpricingofthebankingwithrapidgrowth.Basedonthis,thechoiceofvalueinvestmentdecisionsismade,tryingtoprovideademonstrationforinvestorstomakevalueinvestmentdecisions.Finally,itisrecommendedtoinvestinChinaMerchantsBank(CMB),MinshengBank,ShanghaiPudongDevelopmentBank(SPDB),IndustrialandCommercialBankofChina(ICBC),HSBCBank,andBankofChina.ItisnotrecommendedtoinvestinPingAnBank,BankofCommunications,IndustrialBank,andChinaCITICBank.
简介:TheZimbabweanfinancialsectorhasbeenretrogressive,constrained,andunpredictablesincetheyear2000,servingforthemultiplecurrencyperiods(2009-2013)afterthedemonetizationofthedomesticdollar.ThesectorsincethenhasseenanumberofcommercialbanksfailtomeetRBZ(ReserveBankofZimbabwe)minimumcapitalrequirements,putundercuratorship,delistedorliquidatedbecauseofamyriadofoperationalandfinancialchallenges.Theobjectiveofthisstudyistomakeanassessmentofwhetherornottheintroductionofbondnoteshasbeenacurseorblessing.Thestudydrewrawdatafrombankaccountholders,academics,generalpublic,corporateworldandcommercialbanksinMasvingoforanalysisandinterpretation.Thestudyestablishedthatthemajorityofpeople,corporateworldandcommercialbankswerescepticaltoembracethesurrogatebondnotesbecauseoftheuncertainties,operationalandfinancialrisksthattheypausedonthedomesticfinancialmarkets.Itwasalsodiscoveredthatmostbankswerequicktopayclients’withdrawalsinbondnotes,deductUSdollarequivalencesfromtheiraccounts,anddistinguishbondnotesfromUSdollarsatthepointofmakingdepositsandforeignbusinesstransactions.ItwasalsorealizedthattherewasmarketindisciplineandtradinginbiggerUSdollarnotesintheinformalsectorandseriousshortageofthesamenotesintheformalsector.ThestudyconcludedthattheintroductionofbondnotestotradeparalleltotheUSdollarbroughtaseriousshortageofcashonformalmarketsandincreasesinthegeneralpricelevelofgoodsandservices.ThestudythereforerecommendsthattheRBZshouldcompletelywithdrawthebondnotesfromthemarkettoaccordtheUSdollaritsworldmarketvalueandrestoreconfidenceanddisciplineintheZimbabweanfinancialsector.ThestudyalsorecommendsanotheroptionoftheadoptionoftheSouthAfricanRandasaninterventionistwayofsolvingZimbabwe’sliquiditycrises.
简介:Thisarticleconsiders30provincesofChinaasthecross-sectionsubjects,andutilizesthedatasamplefrom2009to2015ofthesecross-sectionstoformulateaSpatialPanelDataDurbinModeltoanalyzetheeffectofenvironmentalregulationonemployment.Theresultindicatesthatenvironmentalregulationhasnegativeeffectonemploymentwiththeconsiderationofspatialspillovereffect,andthisadverseeffectisnotsignificantmathematically.Withtheenhanceofenvironmentalregulation,thenegativeimpactonemploymentwilldecreaseaccordingly,evenmayeventuallypromotejobgrowth,whichmeanstheremaybeanon-linearrelationshipbetweenthem.Specifically,thedirecteffectofenvironmentalregulationonemploymentindicatesthatitisbeneficialforjobgrowthwhereastheindirecteffectillustratethatitisdetrimentalforemployment.
简介:Companiescandomanybusinessopportunitiesthatdrivethegrowthrateofthecountry’seconomy.Butontheothersideoftherateofeconomicgrowth,visiblesocialgapandenvironmentaldamageoccurred.Therefore,thecompanymustrunitsoperationsbynotonlyfocusontheinterestsofthecompany(shareholder),butalsolookatthesocialandenvironmentalinterests(stakeholder)byimplementinggreenbusinesswhichistheapplicationofcorporatesocialresponsibility(CSR).Thisstudyaimstodeterminetheeffectofprofitability,leverage,andgrowthoncorporatesocialresponsibilitydisclosure(CSRD)ordisclosureoftheimplementationofgreenbusinessoffoodandbeveragecompanieslistedontheIndonesiaStockExchange(BEI)2013to2015whichisthepopulationofthisstudy.Thisgroupofcompaniesistakenastheobjectofresearchbecauseinthoseyearsthegroupofcompaniescontinuestoexperiencegrowthandcontributethelargesttogrossdomesticproduct(GDP)comparedtoothergroupsofcompanies.ThisresearchcanbeinputformanyothercompanieshowconditiononCSRDinfoodandbeverageconditionseenfromfinancialfactors.Thetypeofresearchisdescriptivequantitativewithhypothesistestingandcausalmethod.Theresultofthisresearchprovesthatprofitabilityvariablewithreturnonassets(ROA)indicatorinfluencesignificantlyandpositivelytoCSRD,whileleverageandgrowthdoesnotsignificantlyinfluenceCSRD.
简介:ThisprojectistoevaluatethebenefitsoftheMFNstatusandtheconsequencesofnon-MFNrenewalontradesbetweenChinaandtheUnitedStates.ThispaperalsorevealstheeffectsofquotaremovalonclothingandtextileproductsoninternationaltradesbetweentheUnitedStates,China,HongKong,Taiwan,andIndia.Dataanalyses,statistics,andcharts,thechangesinChina’snumberofexportstotheUnitedStates,inparticular,theapparelandtextilesectorswereselectedtoanalyzefrom1995to2005.
简介:文章选取青岛市海岸带作为研究区域,基于P-S-R模型,构建了包含21个指标的海岸带生态安全综合评价指标体系。然后,采用层次分析法和变异系数法分别确定指标的主、客观权重,基于综合评价值最大的方法确定指标的组合权重;最后,结合TOPSIS法,对2010—2016年青岛市各年份的海岸带生态安全状况进行综合评价。结果表明:2010—2016年各年份评价指标与负理想解的距离d-i整体上逐渐增大,与正理想解的距离d+i整体上逐渐减小,与负理想解的贴近度C-i也由2010年的0.3901上升到2016年的0.6478,即青岛市海岸带生态安全状况整体上呈好转趋势。文章针对影响青岛市海岸带生态安全的具体因素,提出了相应的建议:(1)加强水污染处理技术的研发,提高再生水利用创新能力,实行限额捕捞制度,降低海洋产出压力;(2)持续稳定地增加环保投资力度,提升海洋生态环境综合治理水平;(3)进一步优化产业结构,巩固和提高第三产业在经济社会中的作用和地位。
简介:大学生创新创业训练计划项目作为培养大学生创新创业能力的有效载体,为大学生尽早参与科学研究、技术开发和社会实践等创新活动提供机遇,促进学生的理论学习与生产、科研等实践活动的有机结合,本文以大学生创新创业训练计划项目“家电4S服务管理系统”为例,探索高职计算机专业学生创新创业能力的提升途径。