The performance of Chinese investment funds was empirically analyzed using the following models, i.e. Jensen model, Treynor Mazuy (T M) model amd Merton Henriksson model. The results show that T M model is fitted to C...The performance of Chinese investment funds was empirically analyzed using the following models, i.e. Jensen model, Treynor Mazuy (T M) model amd Merton Henriksson model. The results show that T M model is fitted to Chinese investment funds best among these three. But none of them can perfectly interpret the new funds’ performance. So, the idea suggested by Jagannathan, Korajczyk (J K) to extend the test was adopted in this paper, and the results show that J K model augmented from the M H can explain the source of excess return of fund Anxin.展开更多
After joining in WTO,Chinese enterprises face more intense competitive environments. The problems, such as many foreign capital enterprises swarming into China, increasing market competitive ability, keeping on nation...After joining in WTO,Chinese enterprises face more intense competitive environments. The problems, such as many foreign capital enterprises swarming into China, increasing market competitive ability, keeping on national and international market, have become more serious to enterprise’s decision maker. At the same time, the information technology is developing quickly, then business process re engineering will become valid path for enterprise increasing market competitive ability. As a case study, this paper applies Business Process Re engineering(BPR) approach to analyze a Chinese company.展开更多
基金National Science Fund for Distinguished Young Scholars!(No. 70 0 2 5 30 3
文摘The performance of Chinese investment funds was empirically analyzed using the following models, i.e. Jensen model, Treynor Mazuy (T M) model amd Merton Henriksson model. The results show that T M model is fitted to Chinese investment funds best among these three. But none of them can perfectly interpret the new funds’ performance. So, the idea suggested by Jagannathan, Korajczyk (J K) to extend the test was adopted in this paper, and the results show that J K model augmented from the M H can explain the source of excess return of fund Anxin.
文摘After joining in WTO,Chinese enterprises face more intense competitive environments. The problems, such as many foreign capital enterprises swarming into China, increasing market competitive ability, keeping on national and international market, have become more serious to enterprise’s decision maker. At the same time, the information technology is developing quickly, then business process re engineering will become valid path for enterprise increasing market competitive ability. As a case study, this paper applies Business Process Re engineering(BPR) approach to analyze a Chinese company.
