Table of Content

16 September 2004, Volume 24 Issue 9

Previous Issue    Next Issue

THREE BIG PROBLEMS FACED BY OUR CURRENT CAPITAL MARKET

WU Xiao-qiu

2004, (9):  5-10. 

Asbtract ( )   PDF (671KB) ( )  

Related Articles | Metrics

Three big problems faced by our current capital market which are of transparency, multiplesource of funds, and equity split. Transparency is the common one faced by capital markets all over theworld. If we couldn’t tackle effectively the information disclosure of listed companies and agencies, Chinacapital market could not develop well. Multiple source funds are necessary for a strong capital market.China equity split is the essential one, most of problems result from institutional inperfect brought by it.So, it is very important to build a full liquidity market.

ON FINANCIAL COMPLEXITY AND BEHAVIORAL FINANCE THEORY

WU Hai-hua, ZHANG Zong-qiang

2004, (9):  20-26. 

Asbtract ( )   PDF (671KB) ( )  

References | Related Articles | Metrics

Financial market is complex and heterogeneity is focused by financial academy, on which behavioral finance theory has great impact. Based on subjective complexity and limited rationality, behavioralfinance theory introduces psychology and sociology, analyzes cognitive bias of investors, and makes investors behavior models. This paper analyzes and evaluates financial complexity, micro foundations of behavioral finance, and theoretical models.

BUDGET ANALYSIS OF FLEXIBLE WORKERS’ BASIC MEDICAL INSURANCE

WANG Ze-ying, ZENG Xiang-quan

2004, (9):  27-32. 

Asbtract ( )   PDF (551KB) ( )  

References | Related Articles | Metrics

Whole joining the town workers’ basic medical insurance by flexible workers will result inthe payment pressure. So, in order to balance the medical insurance funds, while ensuring the basic benefits of flexible workers, we should adjust the annual rate of hospitalization, hospital expenses per time andperson, and write-off proportions.

PREDICTING FINANCIAL FAILURE OF LISTED COMPANIES

YUAN Yun-feng, OU-YANG Ling-nan

2004, (9):  33-38. 

Asbtract ( )   PDF (565KB) ( )  

References | Related Articles | Metrics

Predicting financial failure of listed companies is a new topic in China, and is very importantfor government, companies, banks and individual investors. This paper introduces the major predictingmodels and applies the general evaluation thought. Finally, positive analysis is provided.

TECHNICAL ADVANTAGES CHANGE OF MULTINATIONAL COMPANIES

XU Jia-bin, ZHAO Jin

2004, (9):  48-53. 

Asbtract ( )   PDF (644KB) ( )  

References | Related Articles | Metrics

Compared with ones in developed countries, Chinese multinational companies are takers of advanced techniques. This technical disadvantages leads to disadvantages in technical monopoly. What we should do is to obtain the technical competitive advantages, pay great attention to R&D, and build strategic unions with technical leading companies.

SUPER MARKET CONTRACT:A SPECIAL RELATIONAL CONTRACT

LIU Dong, XU Zhong-ai

2004, (9):  54-59. 

Asbtract ( )   PDF (645KB) ( )  

References | Related Articles | Metrics

From the perspective of contract theory, firms’ networks or the intermediate state between firms and markets can be depicted as “super market contract”, which is a special market contract and is the exchange between firms owning key resources, by controlling and exporting management, and others.Self fulfillment conditions of it are private fulfillment funds, potential cooperate benefits, opportunity costs of breaking, and Williamson guarantee articles.