Proceedings of the 2013 International Conference on Advances in Social Science, Humanities, and Management
Session: Finance and Economy
38 articles
Proceedings Article
The Effects of Household Conditions on Wife’s Employment Status in Hong Kong
Muzhi Zhou
This paper addresses the effects of household conditions on married women’s employment status in Hong Kong. Using population census data in Hong Kong, labor force participation and working wives’ earnings are examined to evaluate married women’s employment status. Findings from multivariate logit analysis...
Proceedings Article
Triple Public Financial Appropriation - A Legal Corruption Hotbed in Chinese Public Expenditure
Guang-Yi XU, Xiao-Dan Qiu
Chinese economic boost rely on govern-ment investment, however, legal corrup-tion has been always hiding in huge amount of public expenditure, even start from 30 years ago after Chinese econom-ic reform. Triple Public Financial Appro-priation is one of the hotbeds for legal corruption that have been...
Proceedings Article
The Application of Markov Chain in China’s Market Economy
Qing-xin Zhou
The Markov Chain, Which named after Russia mathematician A.A.Markov, has been widely used not only in other branches of mathematic,engineering technique, but also in the social science, for example: economies, insurance, fi-nancial risk, risk manage theory and technique. Markov Chain was used to forecast...
Proceedings Article
Work Values of New Workforce and the Relationship with Service Orientation:An Exploratory Study in Chinese Context
Kun Dong, Xiaoyi Wu
This study aims to identify the structure of work values of the new workforce (al-so called Generation Y) in the service in-dustry and to explore the relationship be-tween work values and service orienta-tion. A total of 246 valid questionnaires were obtained from undergraduates ma-joring in tourism...
Proceedings Article
The Swedish Maintenance and Services Market in Wind Power Industry —— Lessons Learned and Opportunities for Chinese Service Providers
Lihua Liu, Mike Danilovic, Maya Hoveskog, Fawzi Halila
This paper presents results from an investigation of maintenance and service market of Swedish wind power industry. Although the average number of disruptions per wind turbine only increased slightly from 2007 to 2009 in Sweden, the average downtime, the average electricity production loss and accordingly...
Proceedings Article
Regression Analysis on Chinese Agricultural Output and Its Influencing Factors Based on R
Meichen Dong, Yingying Zhang
Seven factors which influence China’s agricultural output are selected to analyze the relationship between agricultural output and the factors. Parameter estimation, hypothesis testing, and regression analysis are applied to build up the model. Multiple linear regression and principal component regression...
Proceedings Article
Perspective of Chinese soft power resources energy enterprises "going out" strategy Path
Hong Shi, LinKai Qi
Energy resources in our country enterprises "going out" strategy, theory and practice, based on the analysis of current situation, noting that in today's complex changes in the international environment, the hard power alone cannot achieve the "going out" strategy objectives, are required to pass increase...
Proceedings Article
Chinese Exchange Rate and G3 Import Prices: A Coalition Game
Ning Zeng
This paper explores the multilateral trad-ing strategies between China and G3 through a coalition game. By investigat-ing the role of China’s exchange rate re-gime among multilateral tradings, find-ings highlight that China’s multilateral trading strategy with G3 is beneficial for each participating...
Proceedings Article
Regression Analysis of Health Insurance Cost Affecting Factors
Xiaolong Huang, Quanfang Han, Shoaling Ge, Zhidong Zhang, Qihan Cheng
The paper selected the relevant data of 1999-2009 basic medical insurance for urban residents in China as object. By setting the relevant indicators, build multiple linear regression models and analysis the factors which affect the health care costs of China from two perspectives, that is, both sides...
Proceedings Article
On The Causes and Counter Measures of "Welfare Dependency" Problem in China's Urban Minimum Living Guarantee System
Zhidong Zhang, Pengfei Li, Xiaolong Huang, Ke Jiang
Western developed countries encountered the problem of "welfare dependency" in the construction process of social assistance system. From our urban subsistence allowances system, this thesis Demonstrates that the "welfare dependency" problem in the context of western country does not exist in China's...
Proceedings Article
Hong Kong MEP Review
Tianmeng Mao
After participating in HK Management Enhance Program, the first-hand experiences are introduced, which include experiencing the professional working environment as well as the corporate culture in the world top financial company in the areas of finance, consultation, marketing and human resources etc.
Proceedings Article
Agricultural-Industrialization Financing System Based on the Perspective of Cooperative Economy
Feng Zhang, Yaning Li
Having analyzed development of Chinese agricultural industrialization and the rural financial system, this study explored the relationship between cooperative economy and agricultural industrialization financing system. In light of current development of Chinese agricultural industry, this study proposed...
Proceedings Article
Exchange Rate Risk Sharing Contract with Risk-averse Firms
Yang Liu, Yong-kai MA, Hong Fu
In this paper, we consider a global supply chain model which includes a retailer and a manufacturer from different countries. We use a mean-variance model to study how the foreign exchange transaction exposure affects this global supply chain. Furthermore, we design a risk sharing contract to improve...
Proceedings Article
Exchange rate’s effects on optimal strategy of assembly supply chain
Chao Chen, Yong-kai Ma
Based on an assembly supply cha¬in consisting of multiple complementary component suppliers and one manufac-turer, we study what effects does ex-change rate have on the decision-making and profit of the enterprises in the assem-bly supply chain through constructing a game model. The results show that...
Proceedings Article
Research on Inclusive Development Path of Shaanxi Province
Jing Zhao, Shanshan Wang
It is significant that inclusive develop-ment to Shaanxi’s coordinated develop-ment of economy and society. Shaanxi province faces a series of problems in the process development. These problems hamper the Shaanxi’s economy and so-ciety development to some extent. Com-bining the theoretical analysis...
Proceedings Article
Analysis of the e-commerce development of Leshan silicon industry Clusters
Hongwei Hui, Ying Zhang
Promoting the development of Leshan silicon industry through e-commerce is an effective way to solve the current problems of the development of the industry. Silicon industry developed rapidly in China in recent years, But in the process of development it has problems such as lack of core technical support,...
Proceedings Article
Research on Urban Indemnificatory Housing with Suitable Crowd and its Housing Component Type
Kezhen Sun
This article discusses housing security system in our society. From the society attribute this paper gives account of the housing security problem under the dif-ferent social conditions. The article ar-gues the critical roles of housing security system under the modern society. The paper also reviews...
Proceedings Article
China’s Banking Overseas Acquisition: Long-Term Performance and Causes
Yuhua Zhao
One goal of this study is to investigate the long-term performance of CMB acquisi-tion of WLB. The results reveal that its post- merger BHAR is negative and its profitability also decreases, although its post- performance shows an upward trend. The other goal of the research is the causes for its efficiency...
Proceedings Article
Research on the Influence Factors of Financial Risk Management in Colleges and Universities
Chunhua Li, Zuocai Dai
Firstly, this paper introduces the cause of formation and current status of financial investment risks in colleges and universities. Secondly, it carries out specific analysis on the factors that influence the financial risk management in colleges and universities. Finally, it sums up the enlightenments...
Proceedings Article
Study on the logistics industry agglomeration in China
Yanchun Huang, Yanhui Han, Mei Han
Logistics had become an important source of growth in China. Some part of this rapid logistics industrial development could be attributed to the industrial ag-glomeration in the country. This paper analyzed the developing environment and the current situation of the logistics industry, and calculated...
Proceedings Article
Financial Budget Optimization of Colleges and Universities Based on "Zero Base Budget"
Chunhua Li, Haifeng Ji
As the basis for the operation of all kinds of projects in colleges and universities, the financial budget plays a decisive role. Through the analysis on the current operation status of colleges and universities in our country and focusing on their nonprofit characteristics, the paper puts forward "zero...
Proceedings Article
Major force behind the "Xiamen Dream" Practice Path——Improve the industrial workers self-efficacy, Xiamen boost inter-island development strategy
Yue xiang Zhang, Guo jian Mo, Huan huan Liu
"China Dream" is to achieve the great rejuvenation of the Chinese nation, "Xiamen Dream" is an important part of its rich content is the "China Dream" im-portant tributaries.Inter-island develop-ment strategy is an important path to achieve "Xiamen Dream". Personal effi-cacy theory "Xiamen Dream" practice...
Proceedings Article
Study of ST Stock Market Volatility with Nonlinear Method
Yu-dong Wu
As a kind of stock treated specially, ST stock has higher risks as well as high rev-enues; so, it is of great significance to study the market volatility of ST stocks in Chinese stock market. The 745 index return rates of ST stocks from April 1st, 2010 to April 26th, 2013are studied with nonlinear method....
Proceedings Article
Price Discovery of Stock Index Futures Between Chinese Cross-straits
Mei Duan, Ming Zheng
This paper show that, there are bi-directional price lead relationships be-tween Hushen 300 index futures and Hushen 300 index, while index futures lead index spots in the efficiency of in-formation transmission. As for the Tai-wan market, unidirectional price lead from index futures to index spots market...
Proceedings Article
The East China Sea Floor Observatory Network Systems Engineering: Economic Analysis and Prospects
Li Xin
As the third observation platform of the earth system, Sea Floor Observatory Network (SFON) completely changes the way of study on ocean and marks a new era in Marine science research. With the increasingly fierce international competition with respect to science, technology and national defense security...
Proceedings Article
Comparison and Empirical Analysis between Principal Component Analysis and Factor Analysis
Lu Xu, Yingying Zhang
We carry out an empirical analysis based on the study of the principal component analysis and the factor analysis, the data is in the 2012 China Statistical Year-book[ ] with 31 provinces and 9 major economic indicators. First by comparing three kinds of methods of factor analysis, we find out that the...
Proceedings Article
Effectiveness Analysis of Economic Transition of Resource-Exhausted Cities - Tongling as An Example
Caiyan Xie, Jinsheng Zhou
The only way that resource-based cities relying on mine must take is to gradually abandon the dependence on resource and choose transitional development. The paper analyses the economic transition path from the diversified upgrade of resource-based industry, the development of non-resource-based industry...
Proceedings Article
The Political Economic Analysis of U.S. Trade and Investment Policy
Guowei Gao
Free trade and investment policy is the best for the whole economy, but there are still various protective measures to con-straint free trade and investment. This study reviews the theory and empirics to explain this paradox. The process of poli-cy making is like a market of policy de-mand and policy...
Proceedings Article
Could GARCH-VaR method measure mutual fund risk in post-crisis era China effectively
Benzhao Zhang, Chi Zhang
In order to evaluate mutual fund risk in post-crisis era China, this paper con-structs two VaR-GARCH models, and estimates the VaR of different mutual funds under t-distribution and generalized error distribution(GED) separately. Then by employing Kupiec back-testing meth-od, we test the accuracy of...
Proceedings Article
Research on the Taiwan Strait Cruise Circle
Lingling Chen, Jianshe Huang, Hong Xiao, Xiao Xiao
“The Taiwan Strait cruise circle” refers to cruise industry economic circle which located between Northeast and Southeast Asia cruise circle. It is regional economic concept. This paper through the present development situation of cruise economy and development background of Taiwan Strait cruise circle,...
Proceedings Article
Research on the Necessity of Establishing the Pay-when-paid Mode of Educational Security Fund
Shuhong Liang
The property of public products of elementary education, the quasi-public products and the fairness principle of higher education determines that the investment in education must be coordinated by the government. Serious shortage of funding for education requires the State to raise education fund through...
Proceedings Article
The research on the investors’ cognition of banks’ finance products
Li Huang, Yan Hu, Meng_ting Wan, Qiao_ling Tang
In recent years, the banks’ finance products has been became more and more popular in China. However, the growth has also brought some inevitable growing pains. In order to promote the development of banks’ finance products, we investigated investors’ cognation of banks’ finance products through the...
Proceedings Article
An Analysis of the Factors Affecting Debt Financing Structure--Empirical Evidence from Chinese Listed Companies
Bo Yan
This paper explores the factors affecting the Chinese listed companies debt financing and examines them using the data of Chinese listed companies. The evidence suggests that company size, the company's growth opportunities, the fixed asset ratio and free cash flow have a significant impact both on the...
Proceedings Article
Dissertation on Legal Attributes of Network Virtual Property
Zhuo Ren
Network virtual property is a specific service rule congregation. Essentially, it represents a specific service claim right carried on software skills. Users’ rights to use and exchange network virtual proper-ty are not “eminent domain” but to exer-cise and transfer obligatory rights. Ac-cording to basic...
Proceedings Article
General Evaluation of Economic Development Level Based on Principal Component Analysis
Hongmin Zhang
In assessing a country's degree of economic development,the various aspects of social production should be taken into account, and we look at the combined effect of productivity at last. In order to an objective and scientific analysis of China's economic development, this paper applies principal component...
Proceedings Article
The Relationship between Urban Informal Employment and Economic Development in China
Ji Ren, Meina Gao
China’s urban informal employment scale has enlarged to become an important part in the workforce and it has important influence on China’s economic development. In the paper, it will show a new calculation method of urban informal employment and the result of calculation. And this paper will estimate...
Proceedings Article
Early-warning Model for Tourism Sustainable Development Based on Grey Neural Network—Taking Lanzhou City for Example
Xiuping Yang, Erchao Li, Gangmin Weng
Early-warning research of tourism sus-tainable development is a highly compli-cated problem. This paper discusses the conception of the early-warning system about tourism sustainable development. Basing on the characteristics of tourism oneself, it sets up the evaluation indica-tors system and building...
Proceedings Article
Financial Analysis of Lehman Brothers’ bankruptcy
Zhiyue Ma
Under the U.S. subprime lending crisis, Lehman Brothers, with 158 year history, declared bankruptcy suddenly. It is not only related to the external factors like American financial innovation develops excessively and supervises disadvanta-geously, but also has certain inherent connections to its internal...