This paper examines the effects of internal control mechanisms on the financial distress of publicly listed companies in China. Using t-test and Logistic regression analysis, we investigated the following aspects: own...This paper examines the effects of internal control mechanisms on the financial distress of publicly listed companies in China. Using t-test and Logistic regression analysis, we investigated the following aspects: ownership by top managers and the CEO, the number of directors, the percentage of inside directors, CEO duality, and ownership concentration. The empirical tests indicate a lower probability of financial distress when ownership by top managers and that by the CEO are higher. The evidence also shows that a combination of two parts, the CEO and the chairman of the board, may influence the internal control system of a publicly listed companies.展开更多
This article demonstrates the use of a linear programming model to achieve an optimal allocation ot liquid funds among various currencies in different countries. The model takes into account interest rates, projected ...This article demonstrates the use of a linear programming model to achieve an optimal allocation ot liquid funds among various currencies in different countries. The model takes into account interest rates, projected changes in currency values, relative risk and corporate policies and safeguards. Currency trading has reached unprecedented proportions 1. 5 trillion dollars are traded daily and the volume keeps increasing. World trade in goods, for comparison, amounts to $ 4 trillion per year.展开更多
文摘This paper examines the effects of internal control mechanisms on the financial distress of publicly listed companies in China. Using t-test and Logistic regression analysis, we investigated the following aspects: ownership by top managers and the CEO, the number of directors, the percentage of inside directors, CEO duality, and ownership concentration. The empirical tests indicate a lower probability of financial distress when ownership by top managers and that by the CEO are higher. The evidence also shows that a combination of two parts, the CEO and the chairman of the board, may influence the internal control system of a publicly listed companies.
文摘This article demonstrates the use of a linear programming model to achieve an optimal allocation ot liquid funds among various currencies in different countries. The model takes into account interest rates, projected changes in currency values, relative risk and corporate policies and safeguards. Currency trading has reached unprecedented proportions 1. 5 trillion dollars are traded daily and the volume keeps increasing. World trade in goods, for comparison, amounts to $ 4 trillion per year.
