Game Analysis on the Efficiency of Chinese Security Market

According to earnings information of annuals and grade regulation,50 low_grade and 50 high_grade Chinese listed corporation are chosen,through building model and calculating the excess yield.This article educes demonstration result,which is analyzed by game theory.     

An Empirical Study on the Relationship between Diversification and Economic Performance of Listed Corporations of China

It is crucial for corporations to select a proper development mode in competitive market. Diversification has been one of the most popular development modes that corporations all over the world pursued since 1960's. The relationship between diversification and economic performance is also an important subject for the research in strategic management. This paper re-examines the economic performance of China listed corporations and designs the measure index system of diversification strategy and economic performance. Moreover, it adopts empirical study on the relationship between them through the approaches such as regression model, variance analysis. It attempts to seek for the diversification development mode fit for China corporations so as to enhance economic performance.     

Application of Cluster Analysis in Stock Investment

The primary methods of stock investment analysis are fundamental analysis ,technic analsis and portfolio investment analysis.Based on analyzing the applicability and limitation of these methods, the paper is applying the cluster analysis in the stock investment, and pointing out it is a feasible and effective way to give advices to stock investment. Cluster analysis firstly looks into the industry factor, company factor, profitability and pullulation of each stock, so people can discover the investment value through stock'immanent value which is decided by their fundamental characters.To gather the similar stocks,a synthetic evaluation index system is erected to measure the similarity of stock all-roundly and objectively. Cluster analysis can help investors hold the whole character of stocks, make certain of investing scale and suppose the possible variation of stock price.So it will be easier for investors to choose investing occasion.     

加强外挂整治构建和谐社会——关于治理外挂拖拉机变型运输机的思考与实践

本文分析了变拖外挂对地方经济和社会的影响、危害以及造成变拖外挂的主要原因,根据江苏南通治理外挂变拖的具体实践,提出自己对根治变拖外挂的对策与建议     

上市公司购并反垄断监管略论

分析了上市公司购并反垄断监管的理论基础,介绍了国外上市公司购并反垄断监管立法的主要内容,并对我国上市公司购并反垄断立法的完善,在立法模式、监管机构、实体制度和程序制度四个方面提出了建议。     

我国上市公司信息披露科学化问题探讨

分析了我国上市公司会计信息披露的现状与存在的问题 ,提出实现我国上市公司会计信息披露科学化的思路和对策。     

我国上市公司现金股利分配问题研究

上市公司股利政策作为一项重要的财务决策,体现了企业各类投资者、管理者等主体之间的利益分配关系,而现金股利政策则是其中非常重要的一种。对这一问题进行探讨,具有深刻的理论和现实意义。面对我国上市公司现金股利分配中存在的问题,文章对其原因进行了深刻的分析并提出了相关的政策建议。     

上市公司并购整合绩效评价研究

通过运用多元统计方法构造综合评判指数对整合绩效进行了定量化的研究。分析表明，上市公司作为并购公司其整合绩效要优于上市公司作为目标公司的整合绩效。进一步的评价得出结论，无论上市公司作为并购公司还是目标公司，他们的整合绩效作为整体均表现较好，但是仍然存在着诸如并购的动机偏离价值创造等需要解决的问题。     

ST上市公司盈余管理的实证研究

以沪深两地截止2005年底的上市公司作为研究对象,采用Hollis等(2003)修正的截面Jones模型的方法REDCA(ROA in Estimation Discretionary Current Accruals),来衡量上市公司的盈余管理。研究发现,146家ST上市公司盈余管理程度显著比1 144家普通上市公司高总资产的2.97%,ST公司存在比较严重的盈余管理现象。     

基于投资效率分析的农药化肥类上市公司绿色发展模式

基于"人、财、物"投入因素对农药化肥类上市公司的投资效率进行Malmquist指数分析,通过检验各评价指数排序数据的相关性,探索利于该类企业生存发展的"绿色发展模式"。结果表明,规模报酬不变时纯技术效率变动对投资效率贡献较大,且超过规模效率变动的影响;随时间推移,规模报酬变化情况下的技术变动对投资效率的影响微弱。由此得出农药化肥类上市公司仅凭投资规模扩大并不能提高投资效率,而是需要靠绿色发展模式的结论,并提出重点发展该模式关键的3要素———"高明的人","融通的财"和"专一的物"的相关建议。