The economic reform launched in the People's Republic of China(China) led to a rapid growth in non-state sectors.Various forms of corporate governances and ownerships emerged during the last two decades,especially...The economic reform launched in the People's Republic of China(China) led to a rapid growth in non-state sectors.Various forms of corporate governances and ownerships emerged during the last two decades,especially the Township and Village Enterprises owned by local residents.This article is conducted on the changing labour relations in Chinese Township and Village Enterprises(TVEs) despite their increasing contributions to China's transition from planned economy to market economy,and studies the labour market and the Labour Law to understand the unique labour mobility and to test the relationship between Human Resource Management(HRM) practice and the performance among TVEs.展开更多
The quantitative model for evaluating labor relations in enterprise consists of two index systems. One system,which consists of 6 second level indices and 26 third level indices, deals with quantitative evaluation of ...The quantitative model for evaluating labor relations in enterprise consists of two index systems. One system,which consists of 6 second level indices and 26 third level indices, deals with quantitative evaluation of the present situation of labor relations in enterprise. And the other system, which consists of 5 indices, deals with quantitative evaluation of the trend of future labor relations development.展开更多
The African government has implemented measures to sustain an investable economic downturn as it navigates the fiscal effect of the viral spread of coronavirus disease 2019(COVID-19).Consequently,commercial banks in A...The African government has implemented measures to sustain an investable economic downturn as it navigates the fiscal effect of the viral spread of coronavirus disease 2019(COVID-19).Consequently,commercial banks in Africa have come hand in hand toward support of SMEs activities by increasing their borrowing power and reducing interest rates.Despite all these measures the general performance of small and medium enterprises(SMEs)across Africa as pertains to revenues and profits has gone down.This paper provides a theoretical analysis of the measures undertaken by commercial banks to ensure proper running and continuity of activities in the SMEs sector in Africa.The research is founded on the theories of innovation diffusion and resource-based theory.This study will use a mixed research design,which will include descriptive and explanatory research.The proposed target population will be Africa’s thriving commercial banks.The primary and secondary data will be used from commercial bank reports and the central bureau of statistics reports across Africa.The data will be analyzed using a multiple linear regression model.The finding indicated that commercial banks in Africa have brought in solutions and measures to adapt to the crisis being implicated on the SMEs by the COVID-19 pandemic.Based on the findings of the desktop reviews,the study concludes that commercial banks have a significant influence on SMEs during this period of COVID-19,and with the assistance of the government,they have implemented more policies to support the activities of SMEs.展开更多
The development of the Polish banking sector cannot be separated from the historical, cultural, and religious background. A key role in this area was played by the Jewish minority. Although the discussed subject matte...The development of the Polish banking sector cannot be separated from the historical, cultural, and religious background. A key role in this area was played by the Jewish minority. Although the discussed subject matter relates to very remote times, due to the durability of cultural determinants, it has a large impact on the present shape of the Polish banking sector. The paper is dedicated mainly to the presentation of interrelations between Christianity and Judaism, the development of the historical Polish-Jewish relations and the role of the Jews in the development of the banking sector on Polish territory. In the light of the deliberations, the author refers to a deeply ingrained distance between a wide group of users of financial services and banks themselves, and to the relations resulting from the domination of foreign capital on the Polish banking market.展开更多
We document the effect of the 2007/2008 financial crisis on the volume and the quality of enterprise risk management (ERM) disclosure in the annual reports of the largest US banks, and analyze its determinants. Usin...We document the effect of the 2007/2008 financial crisis on the volume and the quality of enterprise risk management (ERM) disclosure in the annual reports of the largest US banks, and analyze its determinants. Using a content analysis approach of the annual reports form 10-K for the years 2006, 2007, 2008, and 2009, we find that the ERM disclosure is significantly and positively associated with the crisis, bank size, board independence, duality and significantly and negatively associated with profitability, leverage, and board size. This paper seeks to fill a gap in the literature by investigating the effect of the crisis on ERM disclosure in the US banking sector context, and gives an insight into the factors affecting risk disclosure practices during the financial crisis.展开更多
The United States passed the Better Utilization of Investment Leading to Development(BUILD Act),as a counterweight to China’s overseas development activities.Under the Act,the US established a new federal agency,the ...The United States passed the Better Utilization of Investment Leading to Development(BUILD Act),as a counterweight to China’s overseas development activities.Under the Act,the US established a new federal agency,the U.S.International Development Finance Corporation(DFC),to enhance U.S.development financing capabilities.To better understand the impact of the DFC on China’s development finance,this article analyzes the DFC’s purpose,functions,structure,and funding.Then it focuses on the purpose of establishing the DFC,providing a preliminary analysis of the potential motivation for its establishment.It also compares the China Development Bank(CDB)and the DFC based on their focused sectors.Finally,through an in-depth analysis of financial frictions in China-U.S.relations,this article argues that the DFC competes with China’s overseas development financing activities in the context of broader strategic competition between China and the U.S.展开更多
Measure index system of technical innovation in medium and smallmanufacturing enterprises is established according to principles of exploration, adaptability,standardization, generalization, feasibility, comparability...Measure index system of technical innovation in medium and smallmanufacturing enterprises is established according to principles of exploration, adaptability,standardization, generalization, feasibility, comparability and combination of economic benefit andcontinual development. It includes index of technical innovation capacity, informationaladministration on technical innovation, and investment of technical innovation, economic benefit,green technical level, social contribution and other influential indexes. Approach to measure oftechnical innovation in medium and small manufacturing enterprises is presented based on combinationof grey relation and fuzzy hiberarchy analysis, and conclusions are drawn based on practicalanalysis of 20 medium and small enterprises, which provides the basis for the medium and smallenterprises to select technical innovation policies and the government to constitute relativepolicies.展开更多
Since the end of the cold war,there have take place a number of notablechanges in the Third World and North-South relations,which are expected tohave a far-reaching impact on the evolving world configuration and even ...Since the end of the cold war,there have take place a number of notablechanges in the Third World and North-South relations,which are expected tohave a far-reaching impact on the evolving world configuration and even the inter-national relationship in the 21st century.展开更多
China’s stock market has experienced more than 20 years of development.Despite the concept of value investment has already been reflected in stock investment,many investors,especially small and medium investors,still...China’s stock market has experienced more than 20 years of development.Despite the concept of value investment has already been reflected in stock investment,many investors,especially small and medium investors,still do not pay much attention to value investment.Blindness and speculative thinking still affect investment.This paper chooses the banking industry as the analysis object and uses the relative valuation approach to evaluate the price-earnings ratio(P/E ratio),price-to-book value ratio(P/B ratio),and price-earnings to growth(PEG)of the 10 listed banks,then judges the investment value of each bank and focuses on the valuation and pricing of the banking with rapid growth.Based on this,the choice of value investment decisions is made,trying to provide a demonstration for investors to make value investment decisions.Finally,it is recommended to invest in China Merchants Bank(CMB),Minsheng Bank,Shanghai Pudong Development Bank(SPDB),Industrial and Commercial Bank of China(ICBC),HSBC Bank,and Bank of China.It is not recommended to invest in Ping An Bank,Bank of Communications,Industrial Bank,and China CITIC Bank.展开更多
Tourism industry has already become an important part of national economy,which not only played a positive role in the development of the economy,but promoted the adjustment and optimization of industrial structure.Th...Tourism industry has already become an important part of national economy,which not only played a positive role in the development of the economy,but promoted the adjustment and optimization of industrial structure.The paper analyzes the correlation between the tourism industry and the other industry through changes of the Xingwen County tourism industrial output value in the past seven years.With the Gray Model,the correlation degree among the tourism industry and agriculture,industry,transport,wholesale and retail trade,postal and telecommunications industries is measured.The analysis result indicates that the order of the corresponding correlation degree:catering accommodation is 0.691> wholesale and retail is 0.617 > agriculture is 0.616 > Postal and telecommunications industry is 0.610> Transport is 0.602> Industry is 0.537.In accordance with the actual conditions of the industry in Xingwen,the industrial development policies and measures are put forward,which help the tourism industry Xingwen their rapid,coordinated and highly efficient operation.展开更多
This paper analyzes the state of the art of partner selection and enumerates the advantage of partner selection based on gray relation analysis comparing to the other algorithms of the partner selection. Furthermore, ...This paper analyzes the state of the art of partner selection and enumerates the advantage of partner selection based on gray relation analysis comparing to the other algorithms of the partner selection. Furthermore, partner selection system based on gray relation for an Agile Virtual Enterprise(AVE) is analyzed and designed based on the definition and characteristics of the AVE. According to J2EE mode, the architecture of the partner selection system is put forward and the system is developed t^ing JSP, EJB and SQL Server. The paper lays emphasis on a gray relational mathematic model, AVE evaluation infrastructure, a core algorithm of partner selection and a multi-layer gray relation selection process.展开更多
The problems existing in the development of agriculture-related enterprises in earthquake area are evaluated,as well as the prominent issues existing in the process of developing E-commerce,consequently,the correspond...The problems existing in the development of agriculture-related enterprises in earthquake area are evaluated,as well as the prominent issues existing in the process of developing E-commerce,consequently,the corresponding strategies for developing E-commerce in agriculture-related enterprises are proposed.展开更多
The efficiency of any organizations at manufacturing sector or service sector, profit making or non-profit making, is most important factor for survival and growth of the organization. The Data Envelopment Analysis (...The efficiency of any organizations at manufacturing sector or service sector, profit making or non-profit making, is most important factor for survival and growth of the organization. The Data Envelopment Analysis (DEA) technique is one of the most popular and effective tool to measure relative efficiency hence is appropriate to make comparison among similar organizations with multiple output and input. This study performs frontier analysis and measures the relative efficiency of Nepalese commercial banks using DEA approach with two output and two input variables.展开更多
This study aims to expose the available finance by both traditional and Islamic banks in Palestine, determine and identify the most used Islamic tools of finance for the Palestinian economy through small enterprises, ...This study aims to expose the available finance by both traditional and Islamic banks in Palestine, determine and identify the most used Islamic tools of finance for the Palestinian economy through small enterprises, in addition, the study aims to assess if there is any contribution of the Islamic banks to the Palestinian economy. In order to reach these goals the researcher used the descriptive analysis method in order to illustrate credit facilities through the Palestinian Banking system, then, enclosing the Islamic banks in Palestine and its credit facilities and used tools. The study identified through the recent experiences of Palestinian Islamic financing and Islamic financing mechanisms practiced in Palestinian Islamic banks, murabaha, ijarah, Musharaka, and mudaraba occupied the same important level as in the neighboring countries. The study found that frequent constraints, Israeli hindrances, and heavy restrictions on goods movement, services and people through internal and international crossings increase the suffering of the small projects, as well as other productive economic sectors at all levels, administrative, financial, and technical, with no Palestinian strategy to enhance the contributing share of small projects to the Palestinian national economy. In addition, the study concluded that the inability of traditional banks to provide the required finance to the Palestinian productive sectors led to Islamic banks entering into the financing market in Palestine to open new funding sources for Palestinian small projects, so the small projects could raise their contribution to GDP. The new Palestinian Islamic financing experience is unable to create financing mechanisms suitable to the Palestinian situation, which has sign for Islamic banks to deal with cases similar to the traditional finance, this comes in the absence of a strategy by Islamic banking or monetary authority or the Palestinian government to activate the role of Islamic banks in financing small projects. For these problems, there must be a strategy to support the activities of these projects and provide appropriate funding for small projects to transcend all these constraints, to support small-sized enterprises in Palestine financially and technically. In this study, the researchers expose the available funding and financing by both Islamic and traditional banks. The study recommends that a comprehensive strategy needs to bring together all financing bodies to have joined efforts towards the formulation of a funding strategy for small projects. Both conventional and Islamic banks are required to provide various types of supports specifically financing for small projects, to enable small projects to play their role in enhancing the national economy. The study also urged the need of Islamic banking to broaden the base of Islamic banking to create a financing base appropriate with the nature of the projects.展开更多
Business ethics has been growing from a philosophy discipline to an applied science. That explains its significance for more efficient functioning of various systems in business world. For that reason, organized socie...Business ethics has been growing from a philosophy discipline to an applied science. That explains its significance for more efficient functioning of various systems in business world. For that reason, organized societies with developed economies invest in empiric, theoretic, and theoretic-empiric investigations of various sectors and applied dimensions of business ethics. Its epistemological sense reflects to increasing productivity, more successful establishing of the system of hierarchy within an enterprise, appropriate formulating the strategy of management, improving the market reputation, increasing profitability, and strengthening social responsibility. The complexity of modem and successful business is based on a series of social factors which spread in the arch from anthropological, socially-psychological, and cultural characteristics of a human being, to quality characteristics of the global society. That is why the scientific information available to business ethics is synthesized from various scientific perspectives. This paradigm is a starting point of this project which is about the above subject. Its cognitive aim is presented through the description, classification, and explanation of the influence of business ethics to successful functioning of every kind of business institution. As a theoretic investigation which grows from verified scientific information and their critical analysis, it relies on standard, general scientific, basic special and general methods which are characteristic to the applied scientific disciplines. Business ethics has clearly established two key cognitive bases of its investigations: 1) personal value attitude; and 2) interests of a company, groups, and individuals in them. This project is only a small contribution to explaining elementary functions of this applied ethics in business world.展开更多
文摘The economic reform launched in the People's Republic of China(China) led to a rapid growth in non-state sectors.Various forms of corporate governances and ownerships emerged during the last two decades,especially the Township and Village Enterprises owned by local residents.This article is conducted on the changing labour relations in Chinese Township and Village Enterprises(TVEs) despite their increasing contributions to China's transition from planned economy to market economy,and studies the labour market and the Labour Law to understand the unique labour mobility and to test the relationship between Human Resource Management(HRM) practice and the performance among TVEs.
文摘The quantitative model for evaluating labor relations in enterprise consists of two index systems. One system,which consists of 6 second level indices and 26 third level indices, deals with quantitative evaluation of the present situation of labor relations in enterprise. And the other system, which consists of 5 indices, deals with quantitative evaluation of the trend of future labor relations development.
文摘The African government has implemented measures to sustain an investable economic downturn as it navigates the fiscal effect of the viral spread of coronavirus disease 2019(COVID-19).Consequently,commercial banks in Africa have come hand in hand toward support of SMEs activities by increasing their borrowing power and reducing interest rates.Despite all these measures the general performance of small and medium enterprises(SMEs)across Africa as pertains to revenues and profits has gone down.This paper provides a theoretical analysis of the measures undertaken by commercial banks to ensure proper running and continuity of activities in the SMEs sector in Africa.The research is founded on the theories of innovation diffusion and resource-based theory.This study will use a mixed research design,which will include descriptive and explanatory research.The proposed target population will be Africa’s thriving commercial banks.The primary and secondary data will be used from commercial bank reports and the central bureau of statistics reports across Africa.The data will be analyzed using a multiple linear regression model.The finding indicated that commercial banks in Africa have brought in solutions and measures to adapt to the crisis being implicated on the SMEs by the COVID-19 pandemic.Based on the findings of the desktop reviews,the study concludes that commercial banks have a significant influence on SMEs during this period of COVID-19,and with the assistance of the government,they have implemented more policies to support the activities of SMEs.
文摘The development of the Polish banking sector cannot be separated from the historical, cultural, and religious background. A key role in this area was played by the Jewish minority. Although the discussed subject matter relates to very remote times, due to the durability of cultural determinants, it has a large impact on the present shape of the Polish banking sector. The paper is dedicated mainly to the presentation of interrelations between Christianity and Judaism, the development of the historical Polish-Jewish relations and the role of the Jews in the development of the banking sector on Polish territory. In the light of the deliberations, the author refers to a deeply ingrained distance between a wide group of users of financial services and banks themselves, and to the relations resulting from the domination of foreign capital on the Polish banking market.
文摘We document the effect of the 2007/2008 financial crisis on the volume and the quality of enterprise risk management (ERM) disclosure in the annual reports of the largest US banks, and analyze its determinants. Using a content analysis approach of the annual reports form 10-K for the years 2006, 2007, 2008, and 2009, we find that the ERM disclosure is significantly and positively associated with the crisis, bank size, board independence, duality and significantly and negatively associated with profitability, leverage, and board size. This paper seeks to fill a gap in the literature by investigating the effect of the crisis on ERM disclosure in the US banking sector context, and gives an insight into the factors affecting risk disclosure practices during the financial crisis.
文摘The United States passed the Better Utilization of Investment Leading to Development(BUILD Act),as a counterweight to China’s overseas development activities.Under the Act,the US established a new federal agency,the U.S.International Development Finance Corporation(DFC),to enhance U.S.development financing capabilities.To better understand the impact of the DFC on China’s development finance,this article analyzes the DFC’s purpose,functions,structure,and funding.Then it focuses on the purpose of establishing the DFC,providing a preliminary analysis of the potential motivation for its establishment.It also compares the China Development Bank(CDB)and the DFC based on their focused sectors.Finally,through an in-depth analysis of financial frictions in China-U.S.relations,this article argues that the DFC competes with China’s overseas development financing activities in the context of broader strategic competition between China and the U.S.
基金This project is supported by National Natural Science Foundation of China(No.70171039, No.70131010)Provincial Science Foundation of Heilongjiang, China (No.G01-09).
文摘Measure index system of technical innovation in medium and smallmanufacturing enterprises is established according to principles of exploration, adaptability,standardization, generalization, feasibility, comparability and combination of economic benefit andcontinual development. It includes index of technical innovation capacity, informationaladministration on technical innovation, and investment of technical innovation, economic benefit,green technical level, social contribution and other influential indexes. Approach to measure oftechnical innovation in medium and small manufacturing enterprises is presented based on combinationof grey relation and fuzzy hiberarchy analysis, and conclusions are drawn based on practicalanalysis of 20 medium and small enterprises, which provides the basis for the medium and smallenterprises to select technical innovation policies and the government to constitute relativepolicies.
文摘Since the end of the cold war,there have take place a number of notablechanges in the Third World and North-South relations,which are expected tohave a far-reaching impact on the evolving world configuration and even the inter-national relationship in the 21st century.
文摘China’s stock market has experienced more than 20 years of development.Despite the concept of value investment has already been reflected in stock investment,many investors,especially small and medium investors,still do not pay much attention to value investment.Blindness and speculative thinking still affect investment.This paper chooses the banking industry as the analysis object and uses the relative valuation approach to evaluate the price-earnings ratio(P/E ratio),price-to-book value ratio(P/B ratio),and price-earnings to growth(PEG)of the 10 listed banks,then judges the investment value of each bank and focuses on the valuation and pricing of the banking with rapid growth.Based on this,the choice of value investment decisions is made,trying to provide a demonstration for investors to make value investment decisions.Finally,it is recommended to invest in China Merchants Bank(CMB),Minsheng Bank,Shanghai Pudong Development Bank(SPDB),Industrial and Commercial Bank of China(ICBC),HSBC Bank,and Bank of China.It is not recommended to invest in Ping An Bank,Bank of Communications,Industrial Bank,and China CITIC Bank.
文摘Tourism industry has already become an important part of national economy,which not only played a positive role in the development of the economy,but promoted the adjustment and optimization of industrial structure.The paper analyzes the correlation between the tourism industry and the other industry through changes of the Xingwen County tourism industrial output value in the past seven years.With the Gray Model,the correlation degree among the tourism industry and agriculture,industry,transport,wholesale and retail trade,postal and telecommunications industries is measured.The analysis result indicates that the order of the corresponding correlation degree:catering accommodation is 0.691> wholesale and retail is 0.617 > agriculture is 0.616 > Postal and telecommunications industry is 0.610> Transport is 0.602> Industry is 0.537.In accordance with the actual conditions of the industry in Xingwen,the industrial development policies and measures are put forward,which help the tourism industry Xingwen their rapid,coordinated and highly efficient operation.
文摘This paper analyzes the state of the art of partner selection and enumerates the advantage of partner selection based on gray relation analysis comparing to the other algorithms of the partner selection. Furthermore, partner selection system based on gray relation for an Agile Virtual Enterprise(AVE) is analyzed and designed based on the definition and characteristics of the AVE. According to J2EE mode, the architecture of the partner selection system is put forward and the system is developed t^ing JSP, EJB and SQL Server. The paper lays emphasis on a gray relational mathematic model, AVE evaluation infrastructure, a core algorithm of partner selection and a multi-layer gray relation selection process.
基金Supported by Rural Development Research Center of Sichuan Province
文摘The problems existing in the development of agriculture-related enterprises in earthquake area are evaluated,as well as the prominent issues existing in the process of developing E-commerce,consequently,the corresponding strategies for developing E-commerce in agriculture-related enterprises are proposed.
文摘The efficiency of any organizations at manufacturing sector or service sector, profit making or non-profit making, is most important factor for survival and growth of the organization. The Data Envelopment Analysis (DEA) technique is one of the most popular and effective tool to measure relative efficiency hence is appropriate to make comparison among similar organizations with multiple output and input. This study performs frontier analysis and measures the relative efficiency of Nepalese commercial banks using DEA approach with two output and two input variables.
文摘This study aims to expose the available finance by both traditional and Islamic banks in Palestine, determine and identify the most used Islamic tools of finance for the Palestinian economy through small enterprises, in addition, the study aims to assess if there is any contribution of the Islamic banks to the Palestinian economy. In order to reach these goals the researcher used the descriptive analysis method in order to illustrate credit facilities through the Palestinian Banking system, then, enclosing the Islamic banks in Palestine and its credit facilities and used tools. The study identified through the recent experiences of Palestinian Islamic financing and Islamic financing mechanisms practiced in Palestinian Islamic banks, murabaha, ijarah, Musharaka, and mudaraba occupied the same important level as in the neighboring countries. The study found that frequent constraints, Israeli hindrances, and heavy restrictions on goods movement, services and people through internal and international crossings increase the suffering of the small projects, as well as other productive economic sectors at all levels, administrative, financial, and technical, with no Palestinian strategy to enhance the contributing share of small projects to the Palestinian national economy. In addition, the study concluded that the inability of traditional banks to provide the required finance to the Palestinian productive sectors led to Islamic banks entering into the financing market in Palestine to open new funding sources for Palestinian small projects, so the small projects could raise their contribution to GDP. The new Palestinian Islamic financing experience is unable to create financing mechanisms suitable to the Palestinian situation, which has sign for Islamic banks to deal with cases similar to the traditional finance, this comes in the absence of a strategy by Islamic banking or monetary authority or the Palestinian government to activate the role of Islamic banks in financing small projects. For these problems, there must be a strategy to support the activities of these projects and provide appropriate funding for small projects to transcend all these constraints, to support small-sized enterprises in Palestine financially and technically. In this study, the researchers expose the available funding and financing by both Islamic and traditional banks. The study recommends that a comprehensive strategy needs to bring together all financing bodies to have joined efforts towards the formulation of a funding strategy for small projects. Both conventional and Islamic banks are required to provide various types of supports specifically financing for small projects, to enable small projects to play their role in enhancing the national economy. The study also urged the need of Islamic banking to broaden the base of Islamic banking to create a financing base appropriate with the nature of the projects.
文摘Business ethics has been growing from a philosophy discipline to an applied science. That explains its significance for more efficient functioning of various systems in business world. For that reason, organized societies with developed economies invest in empiric, theoretic, and theoretic-empiric investigations of various sectors and applied dimensions of business ethics. Its epistemological sense reflects to increasing productivity, more successful establishing of the system of hierarchy within an enterprise, appropriate formulating the strategy of management, improving the market reputation, increasing profitability, and strengthening social responsibility. The complexity of modem and successful business is based on a series of social factors which spread in the arch from anthropological, socially-psychological, and cultural characteristics of a human being, to quality characteristics of the global society. That is why the scientific information available to business ethics is synthesized from various scientific perspectives. This paradigm is a starting point of this project which is about the above subject. Its cognitive aim is presented through the description, classification, and explanation of the influence of business ethics to successful functioning of every kind of business institution. As a theoretic investigation which grows from verified scientific information and their critical analysis, it relies on standard, general scientific, basic special and general methods which are characteristic to the applied scientific disciplines. Business ethics has clearly established two key cognitive bases of its investigations: 1) personal value attitude; and 2) interests of a company, groups, and individuals in them. This project is only a small contribution to explaining elementary functions of this applied ethics in business world.