Available Agricultural Area by Utilization Categories and Ownership Structure of Holdings in the Republic of Serbia

The subject of research in this paper is the analysis and presentation of data on agricultural holdings, the structure of available and utilized area. The data and calculated indicators represent a comprehensive overview of the structural characteristics of national agriculture, but they are also an internationally comparable database, based on key features of agriculture. The main goal of this paper is to determine and explain more comprehensively and in detail by using appropriate methods, and based on available data, the condition of utilized agricultural area (hereinafter: UAA) and its quantitative and qualitative characteristics by utilization categories and manner of its use;types of agricultural holdings and statistical regions and lower statistical units of data grouping. Implementation of such a defined basic research goal indicates necessity of more detailed and continuous study of the causes that led to the reduction of available agricultural area and especially its better and more important production categories of utilization and measures and activities to be taken to eliminate or reduce the causes of inadequate management of agricultural area in the coming period. The importance of this research arises from the fact that the results on utilized agricultural area can be used to adopt appropriate measures and undertake certain activities in land and overall agricultural and rural policy related to sustainable utilization, arrangement and protection of agricultural land and more balanced integrated development of rural areas, as well as to find better solutions in the field of utilization, ownership sector and conditions of agricultural area management.

Cash holdings,corporate governance,and acquirer returns

Background:The wealth effect of limiting shareholder rights via anti-takeover provisions(ATPs)is a contentious issue.By taking the differential effect hypothesis perspective,our study aims to provide additional evidence about the relation between ATPs and acquisition performance.Methods:We examine the interaction of antitakeover provisions(ATPs)with firm characteristics and governance environment in explaining the cross-section of bidder announcement returns.Using a sample of 3,340 completed acquisitions by 1,217 firms during 1996–2006,we test the association between ATPs,firm characteristics,and governance environments with bidder returns.Results:We find that ATPs hurt acquisition performance only when acquirers hold a high level of excess cash.Similarly,ATPs are associated with lower bidder returns only when industry competition is weak and public pension fund ownership is low as well.By contrast,when industry competition is intense and/or public pension fund ownership is high,ATPs do not hurt bidder returns.Conclusions:The complementarity among ATPs,excess cash,industry competition,and public pension fund ownership suggests that ATPs per se do not necessarily result in value-destroying acquisitions for all firms.We address the endogeneity issue of unknown variables by using a proxy for firm prestige and draw the same conclusions.

Determinants of corporate cash holdings in tranquil and turbulent period:evidence from an emerging economy

Using a sample of 280 firms listed on the Pakistan Stock Exchange,we empirically investigate factors that determine corporate cash holdings in different periods from 2005 to 2014.We divide the sample into three sub-periods—pre-crisis,crisis,and post-crisis—and apply a panel data model to estimate the results.The results suggest that financial crises affect firms’cash holdings policies.Further,findings show that financial crisis has influenced the relationship of size and leverage with cash holdings.In particular,cash flow,liquidity,and tangibility are major determinants of cash holdings in the sub-periods.We present important implications for corporate managers,academicians,and policymakers.

Impact of Equity Pledge Behavior on Cash Holdings

Since the promulgation of the Guarantee Law of the People's Republic of China,the pledge of equity in China's capital market is becoming more and more frequent. This paper attempts to study the relationship between equity pledge,the individual behavior of shareholders and cash holding level of enterprises. Based on the data of Shanghai-Shenzhen A-share listed companies in 2009-2016,multiple regression model was established to study the impact of equity pledge behavior on corporate cash holdings. It is found that equity pledge and pledge ratio are significantly negatively correlated with cash holding level. This can effectively alleviate the financial constraints of listed companies in China.

Shanghai Chloro-alkali Chemicals Holdings Co. Ltd

During the Eighth Five-Year Plan period (1991-1995), the Shanghai Chloro-alkali Chemicals Holdings Co. Ltd saw an annual export growth rate of 27.3% on average, total export value of US$178 million and total import and export value of US$220 million. It won the title of "Advanced Export Enterprise" from the State Economic and Trade Commission, and the titles of "Advanced Export Enterprise" and "Advanced Unit for Opening to the Outside World" from the Ministry of the Chemical Industry. The company was reorganized from the former Shanghai Chloro-alkali General Plant into a Sino-foreign

Jiangsu Dyed-yarn Weaving Group Holdings Co. Ltd

The high-quality seersucker series products, produced by the Jiangsu Dyed-Yarn Weaving Group Holdings Co. Ltd. are selling well on the international textiles market. The predecessor of the company was the Tongzhou City Shuangmeng Cloth Weaving Mill, a small factory run by the township. Its Flying Wing brand yarn-dyed seersucker enjoys a

Inner Mongolia Baotou Double Ring Chemicals (Group) Holdings Co. Ltd

The Inner Mongolia Baotou Double Ring Chemicals (Group) Holdings Co. Ltd is a key enterprise producing calcium carbide assigned by the Ministry of Chemical Industry. Its products include calcium carbide, dissolved acetylene and electrode paste. Since 1980 it has exported calcium carbide products to Japan, Australia, the Republic of Korea, Pakistan, India, southeast Asia and other countries and regions, with annual exports of 15,000-20,000 tons. It has become the largest enterprise in China exporting calcium carbide. The Double Ring brand calcium carbide won a gold prize from

Dongfang Generator Holdings Co. Ltd.

The Dongfang Generator Holdings Co., Ltd, which has a history of about 40 years, is a large state-owned enterprise in the energy industry. Its predecessor was the Sichuan Deyang Hydraulic Electrogenerating Equipment Plant(the name was changed into the Dongfang Generator Plant later). In 1967, the plant became one of China’s three big electrogenerating

Hubei Shalongda Holdings Co. Ltd

The Hubei Shalongda Holdings Co. Ltd was re-organized in 1992 from the original Shashi Pesticide Plant, Hubei Province. Its stocks can be bought and sold on the stock exchange. It has set up a pesticide cooperative production enterprise in Malaysia and a sales company in the United States. Since 1992 it has been listed in first place for the same trade in China for the output of pesticides, foreign exchange earnings from exports and the volume of pre-tax profits for four consecutive years. In 1996, it was listed as one of the 30 strongest chemical industrial enterprises and one of the 500 largest industrial

China Beijing Tongrentang Holdings Corp.Beijing Tongrentang Chinese Medicinal Herb Refinery

Beijing Tongrentang was founed byMr. Le Zunyu in the eighth year of the reignof Emperor Qianlong (1669) in Qing Dynasty.Le Zunyu once served as an official in chargeof documents and archives for the imperialhospital for the Qing imperial palace. Takingthe advantage of his position, he collectednumerous proven prescriptions and folkrecipes as well as secret prescriptions of afamily handed down from generation togeneration, and prepared ready-made herbalcompounds. With unique recipes, carefully-chosen ingredients, fine technology andconspicuously curative effect of such ready-made herbal compounds, BeijingTongrentang thus established itself areputation. In 1952, under the leadership of LeSongsheng, descendant of the Le family andformer manager of Tongrentang, thecountry’ s first medicinal herb tablet producer,Beijing Tongrentang Chinese Medicinal HerbRefinery, was set up. With the developmentin the past four decades, the refinery hasbecome one of the core enterprises underBeijing Tongrentang Group

New Looks of an Old Store—Notes on China Beijing Tong Ren Tang Holdings Corp.

It is not exaggerating to say that almost everybody in China knows about Tong Ren Tang, a traditional Chinese medicine drugstore in Beijing. And even many foreigners, who have never set foot on Chinese soil, know that there is the Great Wall in China and a Tong Ren Tang in Beijing. Tong Ren Tang, which was opened in the eighth year (1669) of

The Parent Company of Frog Prince Renamed to Future Development Holdings Limited

A few days ago,Frog Prince's parent company,China Child Care Corporation Limited issued a notice announcing that the Board of Directors recommended changing the company's English name to Future Development Holdings Limited.According to the announcement,the Board of Directors believes that the new name will better reflect the current situation of the company and its future development,and will establish a brandnew corporate image and identity for the company,which will serve the future development of the company.

Shanghai Huayuan Enterprise Holdings Co.Ltd.

ＳｈａｎｇｈａｉＨｕａｙｕａｎＥｎｔｅｒｐｒｉｓｅＨｏｌｄｉｎｇｓＣｏ．ＬｔｄｉｓａｃｏｒｅｅｎｔｅｒｐｒｉｓｅｏｆｔｈｅＣｈｉｎａＨｕａｙｕａｎＧｒｏｕｐ，ａｌａｒｇｅｓｔａｔｅｅｎｔｅｒｐｒｉｓｅｇｒｏｕｐ．Ｉｔｉｓａｎｉｎｄｕｓｔｒｉａｌｅｎ...

China Rare Earth Holdings Limited

China Rare Earth Holdings Limited is a large trans-area corporation and a public company listed in Hong Kong Stock Exchange (Name: China Rare Earth, Code: 0769), with headquarter in Hong Kong. Located on the bank of beautiful Taihu Lake, the subsidiary in Yinxing covers area of 200,000 m2. It has nearly 1,000 employees, 30% of whom are technical staffs. After self-administration and effort, the company passed ISO 9001: 2000 and ISO 14000 Certificaitons.

Shenzhen Textile Holdings

Shenzhen Textile(Holdings)Co.,Ltd,founded in 1994 on the basis of the state-owned Shenzhen Textile Industry Company,listed on Shenzhen Stock Exchange in name of"Shen Fangzhi A"and"Shen Fangzhi B"in August 1994,the Group is mainly engaged in manufacturing,as

China Rare Earth Holdings Limited

1.Rare earth market Rare earth market keep falling down slightly recently,for the crackdown on rare earth black industry chain further standardized the market order and stabilized rare earth price.In the international market,Lynas reported record production of 1,442 tons of neodymium and praseodymium(NdPr)during the quarter,which was up 22.6% on the previous corresponding period and

VAT Neutrality and Corporate Cash Holdings—Based on the Research of Uncredited VAT Refund Policy

This paper regards the uncredited value-added tax(VAT)refund policy promulgated in 2018 as an exogenous shock to improve the neutrality for VAT.Based on the statistics of listed companies in the non-financial sectors from 2013 to 2020,this paper applies the difference-in-differences(DID)approach to study the impact of the uncredited VAT refund policy on corporate cash holdings.The study finds that the policy has eased the impact of non-tax-neutral impact of non-refundable tax credits and lowered the level of corporate cash holdings.Furthermore,the analysis of capital sources verified that the policy has optimized the corporate capital conditions.These findings have proved to be robust after a series of tests.At the level of cross-sectional differences,the uncredited VAT refund policy exerts both"resource effect"and"signal effect",enabling companies to reduce cash holdings in the dimensions of both tax endowment and market expectation.At the level of policy effects,the policy improved the corporate behavior of high cash holdings for the production and operation cycle,with more notable impact on enterprises with higher tax credit rating.At the level of economic consequences,the adjustment of corporate cash holdings induced by uncredited VAT refund policy has significantly improved operating performance and reduced performance volatility,with a greater impact on enterprises with high capital intensity.The research findings evaluate the uncredited VAT refund policy from the perspective of tax neutrality,laying a theoretical foundation for further optimizing the uncredited VAT refund policy and the modern fiscal,tax and financial systems.

加拿大并购反垄断审查中的效率因素分析——以Hillsdown Holdings并购案为例

加拿大反垄断当局对并购进行反垄断控制的法律依据是《竞争法》和《并购实施指南》,其并购反垄断控制政策要求并购可能带来的效率在加拿大境内实现的部分能够补偿该项并购给加拿大生产者和消费者带来的福利净损失,并对能够纳入反垄断当局评估分析的效率因素进行详细界定。由于效率难以观察和证实,在早期的司法实践中,效率因素对于竞争管理局的并购评估审查判定影响有限。20世纪90年代以后,加拿大反垄断当局对于效率的态度逐步趋于友好,效率因素对于反垄断当局最终判定的影响越来越大。