Table of Content

28 September 1999, Volume 7 Issue 3 Previous Issue    Next Issue

Select

Risk Aversion and the Firm’s Forming and Developing Chen Chijun, Ye Huanting 1999, (3):  1-10.  Abstract ( 2214 )   PDF (2887KB) ( 1478 )   Save Based on the idea of risk aversion from Alchain’s we think that the firm’s forming and developing is originated from the motivation to averse the risk of all the players furthermore. We corrected the risk neutral or risk loving assumptions of the firm, entrepreneur and capitalist to obtain consistency with the assumption of economic (or rational) person, and proved that the motivation of risk aversion induced the firm’s forming and developing.Then we analyzed the history of the firm’s forming, development of present days and organizational types as the evidences. The risk propositions or theory in the paper also have wide application in study of financial economics and assets pricing theory. References | Related Articles | Metrics

Select

An Analysis about the Relationship between Financial Innovation and Demand for Money Xie Chi, Li Xu 1999, (3):  11-17.  Abstract ( 1887 )   PDF (2588KB) ( 1584 )   Save This paper considers financial innovation item, hypothesizes an initial cost contained in the process of financial innovation, and introduces these two ideas into Lucas’ cash-in-advance model,then uses the extended cash-in-advance to analyse the effect of such factors as technical innovations, interest rate changes, econowhc growth as well as the effect of financial innovation on the changes in the demand of money. References | Related Articles | Metrics

Select

Study on the Optimum Tactics of China’s Export Communication Products Based on Maxim-entropy Technique Chen Jie, Sun Fenglin 1999, (3):  18-23.  Abstract ( 2071 )   PDF (2524KB) ( 1464 )   Save This paper uses the Maxim-entropy technique to analyze the programme of priority sequence of China’s current and future main export communication products to point out the differnet emphasis of the current and future development of China’s main export communication products and present the tactics of expanding the export of our country’s communication products. References | Related Articles | Metrics

Select

The Methods for the Evaluation of Enterprise Credit Based on Weighted Group Decision-making in AHP Qin Xuezhi, Chi Guotai, Wang Xuehua 1999, (3):  24-29.  Abstract ( 2030 )   PDF (2576KB) ( 1324 )   Save This paper studies the group decision-making methods in AHP and their applications in the evaluation of enterprise credit, establishes two kinds of weighted distance methods, where the preferences of expeds or decision-makers and the believable degrees of the judgement matrices given by the experts or decision-makers are reflected, and, as the result,the influence of the experts or the decision-makers’ opinion on the evaluation result is reflected effectively both in subjective aspect and in objedive aspect. The evaluation of enterprise credit is one of the most important works in the risk management of the bank’s credit.The exact evaluation of the grade of each enterprise credit depends on a lot of corresponding factors, which needs the comprehensive evaluation of the experts from various corresponding fields.The reasonable evaluation result should reflect not only the degree of each expert or decision-maker’s knowing of the state of each enterprise and the credit risk, but tbe believable degree of each judgemnt matrix given by experts or decision-makers as well. This poper solves the above problem effectively by establishing the weighted distance methods where the weight coefficients placed in the methods are detendned by their preferences and the believable degree of judgement matrices. References | Related Articles | Metrics

Select

Research on the Architecture of the Enterprise Integration for Power Plants Wang Ying, Chen Jun, Dai Guozhong 1999, (3):  30-35.  Abstract ( 1973 )   PDF (2541KB) ( 1456 )   Save Having been facing the competitive pressure of China’s power market, the managers from the power plants have strongly demanded the change of the management and the information environment supporting the changing. This peper has focused on the improvement of the competitiveness of the power Plants, analyzed the characteristics of the change of the management and studied the architecture of the enterprise integration related to the improvement. References | Related Articles | Metrics

Select

A Combinatorial Forecasting Approach of Electric Load in Integrated Resources Planning for Electric Power System Chi Hong, Ji Lei, Cai Chen, Ouyang Zili, Zhang Liming 1999, (3):  36-41.  Abstract ( 1912 )   PDF (2503KB) ( 1414 )   Save Integrated Resources Planning (IRP) and Demand Side Management (DSM) rooted in United States, the biggest country of electric power consumption. The appearance of the IRP indicates that humanity is entering into a new century of energy utilization. That is, under the requirements in material, civilization, and environment from human beings, the energy should be used economically and reasonably. The IRP has been listed in the key fields of humankind’s activity in twenty one century. Different from the conventional planning method, IRP is the process by which supply- and demand-side options are consistently planned, implemented, and evaluated to provide energy services at a cost that appropriately balances the interests of all stakeholders. Consequently, some energy saving measures may be adopted, such as, removing peak and filling vale. Therefore, it is not enough that only one electric load per year is predicted. It should be that an electric load curve per year is forecasted. Obviously, the latter is more difficult than the former.This paper discussed a combinatorial forecasting approach of electric load in IRP for electric power system. Partially, the approach has been applied in Daqing Oilfield successfully. References | Related Articles | Metrics

Select

Designing of a Large Information Management System of Occupation Agency Sun Huandong, Huang Jun, Zhang Hua, Li Weizhong 1999, (3):  42-46.  Abstract ( 2030 )   PDF (2385KB) ( 1319 )   Save The paper introduces a large Information Management System of occupation Agency that we developed for Labour Bureau of Chaoyang District, Beijing and describes mainly its architecture,databases and implement technologies including client/server structure, with which we implemented the service of occupation agency at a remote workstation. Related Articles | Metrics

Select

A Game Model of International Project Contracting Market Competition Gong Yeming, Cai Shuqing, Zhang Jiulong 1999, (3):  47-50.  Abstract ( 2115 )   PDF (2406KB) ( 1439 )   Save In the paper,the competition in international project contracting market is analyzed, then a game model has been constructed. Through obtaining Nash equilibrium of the model, some important conclusion has been drawn. At the end, the ianuence of the model is pointed out. References | Related Articles | Metrics

Select

An Improvement of the Multiproduct Cost-Volume-Profit Analysis Model Chen Pingping, Yao Kai 1999, (3):  51-55.  Abstract ( 2182 )   PDF (2319KB) ( 1538 )   Save The paper explains and analyzes imperfectness of the multiproduct cost-volume-profit analysis model adopted presently by domestic financial administration,the improves the model by introducing evitable and inevitable fixed costs so that to make it more reasonable. References | Related Articles | Metrics

Select

An Empirical Study on the Signaling Effect of Dividend Policy in Shanghai Stock Market Chen Wei, Liu Xing, Yang Yuanxin 1999, (3):  56-62.  Abstract ( 1954 )   PDF (2561KB) ( 1622 )   Save In this paper,the authers empirically analyzed the dividend policy of Shanghai stock market by the method of Cumulative Abnormal Return(CAR) and studied the existence aed character of the signaling effect of dividend policy in this market.This study will come into being important practical significance for disclosing the signaling effect of dividend policy of China and standardizing Chinese securities market. References | Related Articles | Metrics

Select

The Method and Application of Regional Economic Planning on County Level Liu Jinlan, Chen Guoquan 1999, (3):  63-67.  Abstract ( 2064 )   PDF (2486KB) ( 1520 )   Save On the basis of discussing the characteristic and conten of regional economic planning on county level, this article establishes the econometrics model and goal planning policies for regional economic planning on county level. Finally the feasibility and effectiveness of the method is proved fully by a positive analysis for a county of Henan province. References | Related Articles | Metrics

Select

Innovation Incentives and R&D Spillovers Liu Guoxin, Wan Junkang, Chen Yao 1999, (3):  68-75.  Abstract ( 2047 )   PDF (2731KB) ( 1286 )   Save The paper compares difference in technical innovation incentives between enterprises which have entered the market and those just entering from angle of industrial organization.It is mainly investigated from 4 respects:sunk cost effect,transition effect,efficiency effect, proxy cost and innovation impetus.In addition,enterprises’innovation motives are also affected by R&D spillovers.A concrete analysis of enterprises’innovition activities caused by R&D spilloverswn inside and between industries is given here. References | Related Articles | Metrics

Select

Fostering Buyers is a Key in Extending the New Products Market Shi Jianshi 1999, (3):  76-80.  Abstract ( 1959 )   PDF (1958KB) ( 1473 )   Save Fostering buyers is both an important way in pushing sais of new prodncts and a key step in extending markets.Manufacturers of TV sets in Japan hare their successful experience in this respect.But enterprises in our country ignor this strategy and have few experience.Fostering buyers of new products is a marketing strategy whose first step is to choose a vast target market,applying an effefctive method and style and to improve the fidelity of both new and regular customers to new products.In this way,the enterprise will have great vitality and be prosperous one with more and more wealth. References | Related Articles | Metrics