BYD is one of the largest new energy vehicle companies in China.Analyzing its scenario and the factors that affect its value helps to understand and identify development opportunities and potential problems.On one han...BYD is one of the largest new energy vehicle companies in China.Analyzing its scenario and the factors that affect its value helps to understand and identify development opportunities and potential problems.On one hand,this paper makes a qualitative analysis of BYD,using SWOT model to study the internal capability and external environment of BYD.On the other hand,the multiple regression model is used for quantitative analysis of BYD’s enterprise value,and the model is established based on three factors:enterprise fundamentals,investor behavior and psychology,and macroeconomic policy uncertainty,and the stepwise regression is carried out.The results show that the increase of institutional investors’shareholding ratio,the increase of investor sentiment index,and the increase of M2 growth rate will increase the overall enterprise value,while the increase of economic policy uncertainty will decrease the enterprise value.展开更多
This study analyzes the ways in which social enterprises contribute to society’s goals.In the new era of human development,many social problems cannot be resolved without the participation of social enterprises(SEs)....This study analyzes the ways in which social enterprises contribute to society’s goals.In the new era of human development,many social problems cannot be resolved without the participation of social enterprises(SEs).The study on these enterprises is of great significance for theoretical research and practical observation.In a modern market economy,SEs have pro-social market vitality and compatibility with the market economy;their action gives a glimpse into the truth of human development.As can be seen from the socio-economic reality,numerous entrepreneurs nurture a desire to run SEs at a certain stage of their career development.The tendency of some entrepreneurs to run SEs is of great significance for this study.Social enterprises are hybrid enterprises as opposed to for-profit enterprises and SEs must address complex problems through organizational and institutional innovations.State owned enterprises(SOEs)and SEs share many topics of research and have much to learn from each other,and a key question for SOE reform is what makes SOEs efficient quasi-social enterprises.Both SOEs and SEs assume a social mandate,and their fulfillment of social responsibilities is underpinned by their economic efficiency(market competitiveness).The theoretical rationale and institutional mechanism of SEs-not least their innovation practice and formation of rules-stem from the relationship and coordination between economic and social exchanges under market-based conditions.Social enterprises focus on altruistic social exchange but need to be supported by a certain economic exchange to finance their operations.The biggest social problem for China is its failure to balance economic and social exchanges,as well as the method of reward.Research on SEs should promote the understanding of these questions and the quest for their solutions.Social enterprises may inspire more enterprises to pursue pro-social innovation and development.展开更多
This article uses discriminant sampling method to select 1062 small and micro enterprises from 25 provinces in China. Researches were conducted on their credit demand and credit behavior, with the Probit model to carr...This article uses discriminant sampling method to select 1062 small and micro enterprises from 25 provinces in China. Researches were conducted on their credit demand and credit behavior, with the Probit model to carry out metrologic tests on influential factors of these enterprises' credit demand and credit behavior.The metrologic analysis shows: Literacy level of leader, asset size, annual revenue of the enterprises have significantly positive effects on the credit demand of these small and micro enterprises. Annual revenue has significantly negative influence on overall credit behavior and the occurrence of informal financial behavior, but significantly positive influence on the occurrence of formal financial behavior. Literacy level of staff and asset size of enterprises have significantly positive influence on the occurrence of the overall credit behavior of small and micro enterprises.展开更多
To participate in social insurance is a major social responsibility of enterprises, even it is a mandatory social policy, companies still escaped pay society insurance. The serious consequences of this phenomenon beco...To participate in social insurance is a major social responsibility of enterprises, even it is a mandatory social policy, companies still escaped pay society insurance. The serious consequences of this phenomenon become increasingly prominent.it not only damaged the justice of labor market, but also violated the staffs interest. Various factors influence enterprise to participate in social insurance behavior .Human capital is the impact of insurance companies. This paper is mainly focusing on the theory analysis of different human capital participating behavior of enterprises. From the perspective of human capital, using the cost-benefit theory and rational choice theory in economics to explore participating behavior, enterprise employees of different human capital differences in attitude to attend social insurance. No matter enterprises with higher or lower human capital, enterprises and employees choose to participate in social insurance act consistently. But, it can improve participate of low human capital enterprise behavior when payment rate reduced. So, it is suggested that establishing a lower level of social insurance system is helpful to expand coverage, it can through e^tahllgh the sunnlementarv insurance system meet the needs of more people.展开更多
文摘BYD is one of the largest new energy vehicle companies in China.Analyzing its scenario and the factors that affect its value helps to understand and identify development opportunities and potential problems.On one hand,this paper makes a qualitative analysis of BYD,using SWOT model to study the internal capability and external environment of BYD.On the other hand,the multiple regression model is used for quantitative analysis of BYD’s enterprise value,and the model is established based on three factors:enterprise fundamentals,investor behavior and psychology,and macroeconomic policy uncertainty,and the stepwise regression is carried out.The results show that the increase of institutional investors’shareholding ratio,the increase of investor sentiment index,and the increase of M2 growth rate will increase the overall enterprise value,while the increase of economic policy uncertainty will decrease the enterprise value.
文摘This study analyzes the ways in which social enterprises contribute to society’s goals.In the new era of human development,many social problems cannot be resolved without the participation of social enterprises(SEs).The study on these enterprises is of great significance for theoretical research and practical observation.In a modern market economy,SEs have pro-social market vitality and compatibility with the market economy;their action gives a glimpse into the truth of human development.As can be seen from the socio-economic reality,numerous entrepreneurs nurture a desire to run SEs at a certain stage of their career development.The tendency of some entrepreneurs to run SEs is of great significance for this study.Social enterprises are hybrid enterprises as opposed to for-profit enterprises and SEs must address complex problems through organizational and institutional innovations.State owned enterprises(SOEs)and SEs share many topics of research and have much to learn from each other,and a key question for SOE reform is what makes SOEs efficient quasi-social enterprises.Both SOEs and SEs assume a social mandate,and their fulfillment of social responsibilities is underpinned by their economic efficiency(market competitiveness).The theoretical rationale and institutional mechanism of SEs-not least their innovation practice and formation of rules-stem from the relationship and coordination between economic and social exchanges under market-based conditions.Social enterprises focus on altruistic social exchange but need to be supported by a certain economic exchange to finance their operations.The biggest social problem for China is its failure to balance economic and social exchanges,as well as the method of reward.Research on SEs should promote the understanding of these questions and the quest for their solutions.Social enterprises may inspire more enterprises to pursue pro-social innovation and development.
基金subsidized by Ministry of Education Humanities and Social Sciences Planning Fund(11YJA790146) "Coordinated Development of Urban and Rural Finance Research in Dual Economic Structure"Southwestern University Research Funds for the Central Universities Special Funds for Basic Items(SWU1009002) "Coordinated Development of Theoretical Research in Dual Economic Structure in Rural Finance"+1 种基金Chongqing talents project "Chongqing Urban and Rural Finance Coordination development Research"National Social Science Fund Project (12CJY062) "Construction of Rural Supporting Financial Systems and Innovation Research",national Social Science Fund Project(10BJY082) "Rural Microfinance Institutions Innovation and Risk Control Study" and "Statistics First-level Discipline and Doctoral Discipline Construction Funds in Southwestern University"
文摘This article uses discriminant sampling method to select 1062 small and micro enterprises from 25 provinces in China. Researches were conducted on their credit demand and credit behavior, with the Probit model to carry out metrologic tests on influential factors of these enterprises' credit demand and credit behavior.The metrologic analysis shows: Literacy level of leader, asset size, annual revenue of the enterprises have significantly positive effects on the credit demand of these small and micro enterprises. Annual revenue has significantly negative influence on overall credit behavior and the occurrence of informal financial behavior, but significantly positive influence on the occurrence of formal financial behavior. Literacy level of staff and asset size of enterprises have significantly positive influence on the occurrence of the overall credit behavior of small and micro enterprises.
文摘To participate in social insurance is a major social responsibility of enterprises, even it is a mandatory social policy, companies still escaped pay society insurance. The serious consequences of this phenomenon become increasingly prominent.it not only damaged the justice of labor market, but also violated the staffs interest. Various factors influence enterprise to participate in social insurance behavior .Human capital is the impact of insurance companies. This paper is mainly focusing on the theory analysis of different human capital participating behavior of enterprises. From the perspective of human capital, using the cost-benefit theory and rational choice theory in economics to explore participating behavior, enterprise employees of different human capital differences in attitude to attend social insurance. No matter enterprises with higher or lower human capital, enterprises and employees choose to participate in social insurance act consistently. But, it can improve participate of low human capital enterprise behavior when payment rate reduced. So, it is suggested that establishing a lower level of social insurance system is helpful to expand coverage, it can through e^tahllgh the sunnlementarv insurance system meet the needs of more people.
