To promote modem agricultural equipment level is one characteristic of constructing and developing modem agriculture in China. This paper makes up stepwise linear regression analysis model of influence factors of mode...To promote modem agricultural equipment level is one characteristic of constructing and developing modem agriculture in China. This paper makes up stepwise linear regression analysis model of influence factors of modem agricultural equipment level, and chooses rural labor, per capita income of rural residents, rural investment, proportion of people at secondary education level and at higher level in per hundred rural labor force and arable land area as independent variables, and total power of machine as induced variable. The major results show that the relativity of modem ag- ricultural equipment level, rural investment and education level of peasants is remarkable, and they are the major influence factors of modem agricultural equipment level. Raising investment level of rural infrastructure construction as well as and research and devel- opment and promotion of advanced and applicable modem agricultural equipment, improving quality and education level of peasants can accelerate the development of China＇s modern agricultural equipment effectively in the process of agricultural sustainable development.展开更多
Over the last decade, the private equity （PE） industry, primarily venture capital and leveraged buyout investments, has matured massively. Consequently, public interest towards that particular asset class has increa...Over the last decade, the private equity （PE） industry, primarily venture capital and leveraged buyout investments, has matured massively. Consequently, public interest towards that particular asset class has increased rapidly. This study seeks to empirically assess the determinants of private equity funds＇ （PEFs） performance around the world. The study comprises a panel data of 103 publicly traded PEFs globally for the period of 2007-2013. Generalized least squares （GLS） technique is employed to regress the explanatory variables. The objective is accentuated on the major contributing factors that make a PEF successful. The analysis, in this paper, examines the effect of fund size, investment size, geographical focus, and industrial specialization on return. The empirical results provide evidence that： （1） Fund size and industrial specialization were observed to have an insignificant influence on the funds＇ returns in our panels; （2） Investment size is positively related to fund performance, indicating that larger deal sizes exhibited superior performance level; and （3） Geographical focus exhibited a negative association with fund performance, leading to the conclusion that limited geographical deployment of funds or absence of market diversification resulted in a fall in funds＇ returns. Consequently, to proxy for return of funds, stock prices of listed PEFs under LPEQ listings were employed.展开更多
基金one of the research outputs of the Second China Agricultural Census Projects (Program NO. N1203)Art Development Fund of Ocean University of China (Project No.H07YB02)
文摘To promote modem agricultural equipment level is one characteristic of constructing and developing modem agriculture in China. This paper makes up stepwise linear regression analysis model of influence factors of modem agricultural equipment level, and chooses rural labor, per capita income of rural residents, rural investment, proportion of people at secondary education level and at higher level in per hundred rural labor force and arable land area as independent variables, and total power of machine as induced variable. The major results show that the relativity of modem ag- ricultural equipment level, rural investment and education level of peasants is remarkable, and they are the major influence factors of modem agricultural equipment level. Raising investment level of rural infrastructure construction as well as and research and devel- opment and promotion of advanced and applicable modem agricultural equipment, improving quality and education level of peasants can accelerate the development of China＇s modern agricultural equipment effectively in the process of agricultural sustainable development.
文摘Over the last decade, the private equity （PE） industry, primarily venture capital and leveraged buyout investments, has matured massively. Consequently, public interest towards that particular asset class has increased rapidly. This study seeks to empirically assess the determinants of private equity funds＇ （PEFs） performance around the world. The study comprises a panel data of 103 publicly traded PEFs globally for the period of 2007-2013. Generalized least squares （GLS） technique is employed to regress the explanatory variables. The objective is accentuated on the major contributing factors that make a PEF successful. The analysis, in this paper, examines the effect of fund size, investment size, geographical focus, and industrial specialization on return. The empirical results provide evidence that： （1） Fund size and industrial specialization were observed to have an insignificant influence on the funds＇ returns in our panels; （2） Investment size is positively related to fund performance, indicating that larger deal sizes exhibited superior performance level; and （3） Geographical focus exhibited a negative association with fund performance, leading to the conclusion that limited geographical deployment of funds or absence of market diversification resulted in a fall in funds＇ returns. Consequently, to proxy for return of funds, stock prices of listed PEFs under LPEQ listings were employed.
