The economic viability and social value of traditional aquaculture in rural Sierra Leone were evaluated. The hypothesis tested was that traditional methods of farming fish in ponds were not economically viable, so far...The economic viability and social value of traditional aquaculture in rural Sierra Leone were evaluated. The hypothesis tested was that traditional methods of farming fish in ponds were not economically viable, so farmers were investing their time/labour in less risky and more profitable livelihoods activities. The assumption in this assessment was that fish farming is an economic activity, and that for farmers to adopt or choose it over other livelihoods, the benefit-cost ratio of fish farming must be higher than that of alternative livelihoods. The main objective of the study was to assess why local farmers failed to adopt modem market oriented aquaculture production systems introduced by the Ministry of Fisheries and Marine Resources in rural Sierra Leone. Two hundred farmers owning fishponds on family lands were interviewed using semi-structured questionnaires and farmers＇ responses were analyzed using statistical tools （SPSS 16.0）. The mean contributions of different livelihoods to total annual incomes of farmers and the social values they attached to these livelihoods were compared. Results of the study suggested that traditional fish fanning was economically viable across the range of pond sizes sampled; but the medium-sized ponds were more profitable than the smallest and largest ponds, and labour accounted for 70% of total annual production costs in the systems assessed. The average benefit-cost ratio of 2.3 for fish fanning was favorable compared with that of 0.83 for rice farming, which was ranked as most popular livelihood activity by farmers. The payback period for traditional aquaculture investments was less than five years using informal investment loans （without interest）, and was favorably compared with that for tree crops fanning, which was also popular among farmers. Additional benefits of fish fanning included social capital and maintenance of kinship relationships.展开更多
The social security fund investment operations of the social security system of a country or even the whole economy has a very important role in recent years, although China＇s social security fund management has made...The social security fund investment operations of the social security system of a country or even the whole economy has a very important role in recent years, although China＇s social security fund management has made great progress, but China＇s social security fund investment operations in increasing the value of the pursuit of this goal, while also facing tremendous pressure. After years of practice of reform, China＇s old-age, unemployment and medical insurance and minimum living focused on the social security system has taken shape, but also the corresponding social security fund was established. Part of the problems of social security funds and other investment operations are increasingly apparent. How to achieve the social security fund is necessary to ensure payment, but also realize the accumulation, it is necessary to increase the value, but also to avoid risks, it has become an urgent task of China＇s reform and development. Social Security Fund Investment Management became the central task of the Social Security System.展开更多
Based on modem financial markets becoming more and more perfect, in company stock, bonds, represented by the investment banking has permeated all aspects of life. Business valuation is the core of value management.How...Based on modem financial markets becoming more and more perfect, in company stock, bonds, represented by the investment banking has permeated all aspects of life. Business valuation is the core of value management.However, companies in different stages of development have a certain stage characteristics, and therefore from the features and characteristics of the different stages of business valuation methods and the factors that affect the value of different businesses created to start, can provide investors assess the business value of new ideas.展开更多
The machinery, equipment, inventory, and other assets of the 21 st century company without people to work them. Corporations, by leave of the accounting profession, have no real economic value continue to omit the val...The machinery, equipment, inventory, and other assets of the 21 st century company without people to work them. Corporations, by leave of the accounting profession, have no real economic value continue to omit the value of human. And yet, there is a growing realization that people represent the largest proportion of corporate productive capacity relative to the current assets and fixed assets shown in corporate financial statements. This paper provides research on the top 50 of the Fortune 500 companies which confirm this material deficiency. There is a need to provide stakeholders with a ＂fair＂ knowledge of the value of corporate human capital to provide a higher standard of transparency and accountability in international financial reporting and to provide the basis for research into the sustainability and potential expansion of growth in the world economy. An appropriate standard for the valuation of human capital will provide the knowledge base for effective and efficient investment in human capital. Effective and efficient investment will be particularly valuable for governments and service industries and for those who wish to promote growth in Europe. Indeed, the Organization for Economic Cooperation and Development （OECD） is questioning the veracity of financial statements which fail to include ＂the most valuable＂ of corporate assets in their financial statements. Recently, the OECD has noted that human capital may be measurable ＂by the output potential of specific competencies＂; ＂the fruits of （corporate） investment＂; the objective measurement of the market ＂rental＂ price of human capital; and lastly, perhaps self-evident when it comes to physical capital, the output potential of corporate investment in their human capital inventory. This paper considers the conditions in the context of literature which reassesses theory and assumptions which have been made on the valuation of human capital. Human capital is a pre-requisite for tangible assets to be productive. The valuation of human capital will trigger the same sort of activity-based analysis of people power as computers brought to cost accounting. The knowledge century analysis of people power will take off when human capital is at last included in the list of assets on the corporate balance sheet.展开更多
Chinese Banks to Issue Large-denomination Certificates of Deposit The People’s Bank of China,the country’s central bank,issued a provisional regulation on June 2 that allows financial institutions to issue large-den...Chinese Banks to Issue Large-denomination Certificates of Deposit The People’s Bank of China,the country’s central bank,issued a provisional regulation on June 2 that allows financial institutions to issue large-denomination certificates of deposit(CD),giving banks more freedom in pricing interest rates.Individual investors can buy certificates of deposit worth at least RMB 300,000 and institutional investors at least RMB 10 million’s worth.展开更多
文摘The economic viability and social value of traditional aquaculture in rural Sierra Leone were evaluated. The hypothesis tested was that traditional methods of farming fish in ponds were not economically viable, so farmers were investing their time/labour in less risky and more profitable livelihoods activities. The assumption in this assessment was that fish farming is an economic activity, and that for farmers to adopt or choose it over other livelihoods, the benefit-cost ratio of fish farming must be higher than that of alternative livelihoods. The main objective of the study was to assess why local farmers failed to adopt modem market oriented aquaculture production systems introduced by the Ministry of Fisheries and Marine Resources in rural Sierra Leone. Two hundred farmers owning fishponds on family lands were interviewed using semi-structured questionnaires and farmers＇ responses were analyzed using statistical tools （SPSS 16.0）. The mean contributions of different livelihoods to total annual incomes of farmers and the social values they attached to these livelihoods were compared. Results of the study suggested that traditional fish fanning was economically viable across the range of pond sizes sampled; but the medium-sized ponds were more profitable than the smallest and largest ponds, and labour accounted for 70% of total annual production costs in the systems assessed. The average benefit-cost ratio of 2.3 for fish fanning was favorable compared with that of 0.83 for rice farming, which was ranked as most popular livelihood activity by farmers. The payback period for traditional aquaculture investments was less than five years using informal investment loans （without interest）, and was favorably compared with that for tree crops fanning, which was also popular among farmers. Additional benefits of fish fanning included social capital and maintenance of kinship relationships.
文摘The social security fund investment operations of the social security system of a country or even the whole economy has a very important role in recent years, although China＇s social security fund management has made great progress, but China＇s social security fund investment operations in increasing the value of the pursuit of this goal, while also facing tremendous pressure. After years of practice of reform, China＇s old-age, unemployment and medical insurance and minimum living focused on the social security system has taken shape, but also the corresponding social security fund was established. Part of the problems of social security funds and other investment operations are increasingly apparent. How to achieve the social security fund is necessary to ensure payment, but also realize the accumulation, it is necessary to increase the value, but also to avoid risks, it has become an urgent task of China＇s reform and development. Social Security Fund Investment Management became the central task of the Social Security System.
文摘Based on modem financial markets becoming more and more perfect, in company stock, bonds, represented by the investment banking has permeated all aspects of life. Business valuation is the core of value management.However, companies in different stages of development have a certain stage characteristics, and therefore from the features and characteristics of the different stages of business valuation methods and the factors that affect the value of different businesses created to start, can provide investors assess the business value of new ideas.
文摘The machinery, equipment, inventory, and other assets of the 21 st century company without people to work them. Corporations, by leave of the accounting profession, have no real economic value continue to omit the value of human. And yet, there is a growing realization that people represent the largest proportion of corporate productive capacity relative to the current assets and fixed assets shown in corporate financial statements. This paper provides research on the top 50 of the Fortune 500 companies which confirm this material deficiency. There is a need to provide stakeholders with a ＂fair＂ knowledge of the value of corporate human capital to provide a higher standard of transparency and accountability in international financial reporting and to provide the basis for research into the sustainability and potential expansion of growth in the world economy. An appropriate standard for the valuation of human capital will provide the knowledge base for effective and efficient investment in human capital. Effective and efficient investment will be particularly valuable for governments and service industries and for those who wish to promote growth in Europe. Indeed, the Organization for Economic Cooperation and Development （OECD） is questioning the veracity of financial statements which fail to include ＂the most valuable＂ of corporate assets in their financial statements. Recently, the OECD has noted that human capital may be measurable ＂by the output potential of specific competencies＂; ＂the fruits of （corporate） investment＂; the objective measurement of the market ＂rental＂ price of human capital; and lastly, perhaps self-evident when it comes to physical capital, the output potential of corporate investment in their human capital inventory. This paper considers the conditions in the context of literature which reassesses theory and assumptions which have been made on the valuation of human capital. Human capital is a pre-requisite for tangible assets to be productive. The valuation of human capital will trigger the same sort of activity-based analysis of people power as computers brought to cost accounting. The knowledge century analysis of people power will take off when human capital is at last included in the list of assets on the corporate balance sheet.
文摘Chinese Banks to Issue Large-denomination Certificates of Deposit The People’s Bank of China,the country’s central bank,issued a provisional regulation on June 2 that allows financial institutions to issue large-denomination certificates of deposit(CD),giving banks more freedom in pricing interest rates.Individual investors can buy certificates of deposit worth at least RMB 300,000 and institutional investors at least RMB 10 million’s worth.
