This paper takes the Chinese listed company with the equity refinancing qualification from 2012 to 2013 as the research object, and uses the residual revenue model to calculate the equity financing cost. This paper di...This paper takes the Chinese listed company with the equity refinancing qualification from 2012 to 2013 as the research object, and uses the residual revenue model to calculate the equity financing cost. This paper discusses the impact of the overconfidence of executives on the equity financing cost and its impact mechanism. The unique institutional background examines the differences in property rights characteristics. The research found that:(1) executive overconfidence has a negative impact on the cost of equity financing, executives tend to be overconfident, the higher the equity financing cost of the company;(2) the overconfidence of executives to state-owned enterprises compared to private enterprises The negative impact of financing costs is more significant;(3) in addition, this paper also examines the potential impact mechanism of executive overconfidence on the cost of equity financing. The quality of information disclosure and the risk of investor prediction have a mediating effect on the impact of executive overconfidence on equity financing costs.展开更多
Given article describes the current status of irrigated agriculture in the Ferghana province, Republic of Uzbekistan. Climatic, hydrogeological, and soil conditions and hydromodule zoning of the Water User Association...Given article describes the current status of irrigated agriculture in the Ferghana province, Republic of Uzbekistan. Climatic, hydrogeological, and soil conditions and hydromodule zoning of the Water User Association (WUA) Oktepa Zilol were studied, and, on this basis, the farms growing cotton were selected. Variable and fixed costs and profitability of cotton-growing farms were analyzed. Based on the books of those farms, the crop budget was drawn up. Relationships between the profitability of cotton-growing farm and the irrigation sources used and soil fertility in the farm are explained. Finally, proposals for improvement of cotton production using various sources of irrigation under different degrees of groundwater salinity are provided.展开更多
In this study, the volume and the cash value of water loss, and reduction of water loss as a result of enforcement action during 2011-2013 in the drinking water network of villages in Kermanshah Province, Iran, have b...In this study, the volume and the cash value of water loss, and reduction of water loss as a result of enforcement action during 2011-2013 in the drinking water network of villages in Kermanshah Province, Iran, have been investigated. Date collected by referring to the different parts of rural water and waste water company of Kermanshah Province and checklist were completed. The study showed the volume of produced water and sold water has increased and the water loss percentage has decreased. High cost of water production compared to revenue of sold water and water loss resulted in significant detriments in terms of the water production costs. Water loss level decreased from 33% to 30% as result of measures taken to reduce water loss but, it is still15% higher than the world average level. Also the reduction in number of water resources and increase in the number and volume of reservoirs indicates a lack of water and a growing need. As result of high water loss, waste of costs in the contrast of water production cost and also because physical water loss accounts for most of the water loss of villages, necessary measures can be effective in reducing loss and have economic justification.展开更多
文摘This paper takes the Chinese listed company with the equity refinancing qualification from 2012 to 2013 as the research object, and uses the residual revenue model to calculate the equity financing cost. This paper discusses the impact of the overconfidence of executives on the equity financing cost and its impact mechanism. The unique institutional background examines the differences in property rights characteristics. The research found that:(1) executive overconfidence has a negative impact on the cost of equity financing, executives tend to be overconfident, the higher the equity financing cost of the company;(2) the overconfidence of executives to state-owned enterprises compared to private enterprises The negative impact of financing costs is more significant;(3) in addition, this paper also examines the potential impact mechanism of executive overconfidence on the cost of equity financing. The quality of information disclosure and the risk of investor prediction have a mediating effect on the impact of executive overconfidence on equity financing costs.
文摘Given article describes the current status of irrigated agriculture in the Ferghana province, Republic of Uzbekistan. Climatic, hydrogeological, and soil conditions and hydromodule zoning of the Water User Association (WUA) Oktepa Zilol were studied, and, on this basis, the farms growing cotton were selected. Variable and fixed costs and profitability of cotton-growing farms were analyzed. Based on the books of those farms, the crop budget was drawn up. Relationships between the profitability of cotton-growing farm and the irrigation sources used and soil fertility in the farm are explained. Finally, proposals for improvement of cotton production using various sources of irrigation under different degrees of groundwater salinity are provided.
文摘In this study, the volume and the cash value of water loss, and reduction of water loss as a result of enforcement action during 2011-2013 in the drinking water network of villages in Kermanshah Province, Iran, have been investigated. Date collected by referring to the different parts of rural water and waste water company of Kermanshah Province and checklist were completed. The study showed the volume of produced water and sold water has increased and the water loss percentage has decreased. High cost of water production compared to revenue of sold water and water loss resulted in significant detriments in terms of the water production costs. Water loss level decreased from 33% to 30% as result of measures taken to reduce water loss but, it is still15% higher than the world average level. Also the reduction in number of water resources and increase in the number and volume of reservoirs indicates a lack of water and a growing need. As result of high water loss, waste of costs in the contrast of water production cost and also because physical water loss accounts for most of the water loss of villages, necessary measures can be effective in reducing loss and have economic justification.
