...Project Proposal Impact of Private Listed Companies’ Political Connections on Stock Price Synchronicity: Evidence from China By Seven Cheng Lin 1130600072 Accounting Chris Chaofan Chen 1130600006 Accounting Submitted to Jessica Tian Beijing Normal University-Hong Kong Baptist University United International College Dec 2014 Content 1. Introduction…………………………………………………………………………1 1.1 An Overview of stock price synchronicity…………………………………….1 1.2 Political Connection in China………….…..……...……………………….……….2 1.3 Study Objective………….…………………………………………..…………………3 2. Literature Review…………………….……………………………………………………...4 2.1 Literature Related to the Stock Price Synchronicity………………..…………………4 2.2 Literature Related to Political Connections …………………..……………..……….5 3. Statement of hypotheses…………………………………………………………….……….6 3.1 Political Connections and its Impact on Stock Price Synchronicity …………..……...6 3.2 Moderate Effects of Institutional Environment in Different Regions……………..…..7 4. Methodology………………………………………………………………………..8 4.1 Dependent Variable………….….………………………………….…………………..8 4.2 IndependentVariable……....…………….………………………..…………………9 4.3 ControlVariables………………….………………………………..………………..9 4.4 Framework………………...…………………………………………….……………10 5. Schedule………………………...…………………………………………….……………10 6. Reference………...………...…………………………………………….…………….11 1. Introduction 1.1 An Overview of Stock Price Synchronicity Since the successive establishments of the ShenZhen Stock Exchange and the ShangHai Stock Exchange...
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...development policy of RMB internationalization and path 7 2.2.3 The overview of RMB internationalization process 9 3 The main historical experience of currency internationalization 12 3.1 Internationalization of the dollar 12 3.2 The internationalization of EURO 13 3.3 The yen internationalization 14 3.4 Summary of this chapter 15 4 The free trade area construction to promote the internationalization of the RMB 16 4.1 International comparison of free trade area 16 4.1.1 The EU 16 4.1.2 The china-Asian free trade area 16 4.2 The relationship between Free trade and the internationalization of RMB 18 4.2.1 The policies and their interpretation of Shanghai free trade area 18 4.2.2 Marketization of RMB exchange rate 20 4.2.3 The RMB interest rate marketization 21 4.2.4 RMB offshore market 22 4.3 The crisis and the risk of free trade zone 23 4.3.1 Risk of RMB business 23 4.3.2 Financial liberalization should be Shanghai free trade zone boundary 24 4.3.3 Risk control and benefit gambling is two limit of free trade area 25 5 Conclusion 26 References List 27 ABSTRACT In contemporary society, all countries in the world to establish a free trade area as an effective way of promoting...
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...• 1. GLOBAL INTEGRATION: ADVANTAGES AND DISADVANTAGES Globalization is the process by which different societies, cultures, and regional economies integrate through a worldwide network of political ideas through transportation, communication, and trade. Generally, globalization has affected many nations in various ways; economically, politically, and socially. It is a term that refers to the fast integration and interdependence of various nations, which shapes the world affairs on a global level. Globalization has affected the products people consume, the environment, culture, security, and idea exchange between different countries. There are many factors that lead to the speedy globalization trends. This acceleration inglobalization can be attributed to an increase in free-trade activities, emergingtechnologies, or the worldwide acceptance of markets. Globalization has affected cultures and economies on matters dealing withenvironmental destruction and availability of the already limited resources.Globalization has had diverse implications for environmental issues such as,pollution, deforestation, water resources climate change, and biodiversity loss. Therampant environmental problems have become the subject of international effortsbecause the effects are felt globally. The negative impacts of globalization focus onthe destruction on the environment that is export-oriented. On the other hand, thepositive impacts are the multinational companies research into technology that iseco-friendly...
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...corruption. More than one-third of men indicate that criminality and corruption is the best way to make money, and 95% of female traders report paying bribes. The increasingly male-dominated state preys on the increasingly female-dominated market. Energies are directed toward survival and this population appears to lack the tools to act collectively to improve their status. Ó 2012 Elsevier Ltd. All rights reserved. Key words — gender, transition, refugees, North Korea 1. INTRODUCTION emphasis on the dramatic shifts that occurred as the state socialist system broke down during the famine of the mid-1990s and the country experienced “marketization from below.” We then turn to an examination of the sample, household economics and the implications of the fact that North Korean women have been disproportionately involved in marketization that the state has sought to limit, control and even criminalize. Women are not differentially prone to arrest and do not appear to receive distinctly worse treatment than men. Indeed, there is evidence that the police exercise relative restraint toward the middle-aged married women who figure prominently in retail trading. But women’s higher levels of market participation make them...
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...THE EMERGENCE OF PUBLIC SECTOR MANAGEMENT. MINI LITERTURE REVIEW CONTENT: 1) INTRODUCTION 2) PROBLEM STATEMENT 3) REVIEW OF ACADEMIC LITERTURE 4) CONCLUSION 5) REFERENCES/BIBLIOGRAPHY Introduction Public sector management, was introduced in the UK during the era of Margaret Thatcher and in the US during President Ronald Regan’s term of office (1970s and 1980s). This transformation in the management of the public sector was adopted by many countries as a strategy for government as a means to solve problems that was existing in the delivery of public goods and services. The rigid, hierarchical, bureaucratize form of public administration was changed to a flexible, market-based form of public management. This is considered as a "paradigm shift" from the traditional public administration approach, which was dominant in the public sector for most of the century. The traditional approach was severely criticized. This literature review seeks to show the emergence of public sector management and its importance in the delivery of public goods and services. Public administration is no longer efficient and effective and as such, Public sector management is a good strategy in increasing efficiency and reduce costs in the public sector. . Problem Statement There were a number of problems leading up to the emergence of public sector management. There were newer theories of organizational structure and behavior, which argued that...
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...GLOBAL INTEGRATION: ADVANTAGES AND DISADVANTAGES Globalization is the process by which different societies, cultures, and regional economies integrate through a worldwide network of political ideas through transportation, communication, and trade. Generally, globalization has affected many nations in various ways; economically, politically, and socially. It is a term that refers to the fast integration and interdependence of various nations, which shapes the world affairs on a global level. Globalization has affected the products people consume, the environment, culture, security, and idea exchange between different countries. There are many factors that lead to the speedy globalization trends. This acceleration in globalization can be attributed to an increase in free-trade activities, emerging technologies, or the worldwide acceptance of markets. Globalization has affected cultures and economies on matters dealing with environmental destruction and availability of the already limited resources. Globalization has had diverse implications for environmental issues such as, pollution, deforestation, water resources climate change, and biodiversity loss. The rampant environmental problems have become the subject of international efforts because the effects are felt globally. The negative impacts of globalization focus on the destruction on the environment that is export-oriented. On the other hand, the positive impacts are the multinational companies research into technology...
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...[pic] English Language Centre Pre-sessional 2013 Why is it particularly necessary for HR managers in national companies in China to focus on protecting female employees’ working rights Written Project By LI FANGCHEN 30th August 2013 Supervisor: Darren Fox Declaration The work contained in this project is my own and has not been submitted for any other qualification. All sentences and passages quoted from published sources have been specifically acknowledged by referencing to author, work and page(s). Name: Li Fangchen Signature: Date: 30th August 2013 Content 1. Introduction 1 2. Current situation and problems of gender inequality in the workforce in China 1 2.1 General situation in gender discrimination 1 2.2 Discrimination against young women 2 2.3 Discrimination against migrant female workers 3 3. Compare with the situation in Europe 3 4. What measures should be taken 4 4.1 Recruitment and selection 4 4.2 Personal development 4 4.3 New organization of work 5 Reference 6 1. Introduction Gender inequality is a problem among the workplace globally, female employees tend to be paid fifteen to fifty percent less than male employees when they are working the same job. (Burnett,2010) In terms of the situation in China, although the Constitution in 1982 has reinforced laws and regulations to...
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...The body as image - An analysis of the postmodern characteristics of tattoos in contemporary society Introduction In recent years few terms have been so widely discuss as ”postmodernism” in order to define its basic principals. Despite a lack of consensus, most authorities agree that postmodernism represents some kind of reaction to, or departure from, modernism and modernity (Brown 1993). The consumer of the modern society is distinguished by being self-reflexive and rational while the characteristics of the irrational postmodern consumer are hyperreality, fragmentation, reversals of production and consumption, decentring of the subject, paradoxical juxtapositions, and loss of commitment (Firat et al, 1995). The ability and willingness to represent different self-images in fragmented moments liberates the consumer from conformity to a single image, to seeking continuity and consistency among roles played throughout life. This self-referential identity of the postmodern consumer, and the general hostility towards generalization together with the rejection of the idea that human social experience has fundamental “real” bases are possibly the main defining differences between modernism and postmodernism (Firat et al, 1995). Despite the seemingly transformation in consumer behaviour modern marketing theory (e.g. Kotler, Porter, Ansoff etc.) of costumer segmentation and categorizing customers is still widely accepted and used by companies in the western society. In the...
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...for the endogeneity of the latter. Generally, it finds financing source matters for firms of different size, and the extent to which financing source matters for firm growth is greater for small firms than big firms. Self-raised finance appears to be most effective in promoting small firms to grow, and bank loan seems to be more supportive to big firms. The relationship between size, finance and growth also depends on ownership. In addition, there exist strong complementarities between formal and informal finance, as well as between indigenous and foreign finance. Keywords: China, finance, firm size, growth JEL classification: O5, G2, L11, L25, O1 Copyright © UNU-WIDER 2009 1 Aston University, UK, e-mail: j.du@aston.ac.uk; 2 Nottingham University Business School, UK, e-mail: Sourafel.Girma@nottingham.ac.uk This study has been prepared within the UNU-WIDER project on Southern Engines of Global Growth, co-directed by Amelia U. Santos-Paulino and Guanghua Wan. UNU-WIDER gratefully acknowledges the financial contributions to the research programme by the governments of Denmark (Royal Ministry of Foreign Affairs), Finland (Ministry for Foreign Affairs), Norway (Royal Ministry of Foreign Affairs), Sweden (Swedish International Development Cooperation Agency—Sida) and the United Kingdom (Department for International Development). ISSN 1810-2611 ISBN 978-92-9230-172-9 Tables and figure are at the end of the paper. The World Institute for Development Economics Research (WIDER)...
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...Topic: China’s financial liberalization Title: China’s financial liberalization and the policy transformation towards openness Author: Xuepan Cheng 4136801 Abstract This paper focused on the research of China’s financial liberalization reform in order to discuss the economic and financial effects casted by financial liberation. Also the article pointed out the current problems of China’s financial system and provided suggestions for implementation. The main argument of policy suggestions for China is to further lower down the financial limits, so that China will be able to build a better foundation for financial liberalization. Also the effective and constant supervision and modification of the financial regulation system is also necessary for maintaining a healthy macroeconomic environment and continuing capital flows. While the economic globalization, and financial liberalization has become a major tendency that attracts a lot of people’s attention in world economic development since the 1980s, the financial liberation and reform has become a necessity for China to develop it’s financial market and economy wellbeing. 1. Introduction China, as one of the fastest expanding economy in the world, is largely owing to the economic globalization, and financial liberalization since the 1980s. Economic globalization refers to the fact that economic resources (goods, capital, labor, technology, information and other transactions) flow from one country to another. This tendency makes...
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...A World Culture of Schooling? Kathryn M. Anderson-Levitt Introductory chapter to Anderson-Levitt, Kathryn, Ed. 2003 Local Meanings, Global Schooling: Anthropology and World Culture Theory. New York: Palgrave Macmillan. 1 Is there one global culture of schooling, or many? Are school systems around the world diverging from their original European sources, or are they converging toward a single model?i This book opens a dialogue between two very different perspectives on schooling around the world. On the one hand, anthropologists and many scholars in comparative education emphasize national variation, not to mention variation from district to district and from classroom to classroom. From their point of view, the nearly 200 national school systems in the world today represent some 200 different and diverging cultures of schooling. On the other hand, sociology’s “institutionalists” or world culture theorists argue that not only has the model of modern mass education spread from a common source, but that schools around the world are becoming more similar over time.ii According to world culture theory, rather than diverging, schools are converging toward a single global model. This question matters to anthropologists because when we look at globalization— the movement of people, money and ideas across the entire world in unprecedented volume—we wonder whether it really means that the world is becoming more homogeneous. Are we creating a global culture (a “McWorld” for the...
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...Course title: Public Management (V502) Final Exam (Fall 2015) Student: Giang Le. Email: gle@indiana.edu Professor: Claudia N. Avellaneda. Email: cavellan@indiana.edu “The world in which public managers function is rapidly changing and vastly different from that contemplated by the early intellectual stalwarts of public administration. Public agencies are expected to collaborate with each other, with nonprofit organizations and with citizen groups and to use modern technology strategically to manage and deliver services. They are under powerful pressures to use resources efficiently as markets and quasi-markets influenced by global forces play a much greater role in structuring service delivery” (L.R Jones et al 2001). Therefore, understanding public management, its affecting factors as well performance management is extremely important public managers in term of managing public organization and delivering best public services to citizenry. My essay will summarize some definition from different scholars and describing factors that affecting to the public management and/or performance of organization in the first part. The second part will be continued by providing definition of performance management and the measures that can be used by public managers and auditing agencies to assess performance of organization. I. Public management and affecting factors 1. Definition of public management The definition of public management are varied by authors. While management...
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...Course Name: Commercial Bank Management Course Code: FIN 425 Submission page - Submitted To – Fahim Muntaha Course instructor, school of business ASA University Bangladesh (ASAUB) - Submitted By – KAMRUL HASAN CHOWDHURY ID No: 081-12-0414 S.M.IBRAHIM ID No: 081-12-0396 ISHRAT NAHAR ESHA ID No: 081-12-0408 MD.MAHAMUD SULTAN ID No: 081-12-418 ROKSANAQ HUQ TABARI ID No: 081-12-424 Section: FIN-3C 3rd Batch, (Summer Semester, 2011) Date of Submission: 14th August, 2011 - Letter of Transmittal- Date: 14th August, 20011 To Fahim Muntaha Course instructor School of Business ASA University Bangladesh (ASAUB) Dear Sir, Here is a report that we have prepared for our, FIN-425: Commercial Bank Management. The topic of the report is the “Reserve and Liquidity Management of Islami Bank Bangladesh Ltd.”. It was an interesting & outstanding research for us & we learned a lot about the reserve and liquidity policy provided by IBBL. We would like to thank you for allowing us to work on this topic and for your constant guidance and support. We want to declare that, we took help from Internet website of the particular bank & advices from Cash Manager of IBBL. There might be fault in this report, please kindly consider us if there is any kind of mistake. I therefore, hope that you would kindly grant our report. Thanking you, Name | Signature | Kamrul hasan joy | | S .m. Ibrahim | | Mahamud sultan | | Eshrat nahar Esha | | ...
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...Social Enterprises as Hybrid Organizations: A Review and Research Agenda* Bob Doherty, Helen Haugh1 and Fergus Lyon2 The York Management School, University of York, Freboys Lane, York YO10 5GD, UK, 1Judge Business School, University of Cambridge, Trumpington Street, Cambridge CB2 1AG, UK, and 2Middlesex University, The Burroughs, London NW4 4BT, UK Corresponding author email: bob.doherty@york.ac.uk The impacts of the global economic crisis of 2008, the intractable problems of persistent poverty and environmental change have focused attention on organizations that combine enterprise with an embedded social purpose. Scholarly interest in social enterprise (SE) has progressed beyond the early focus on definitions and context to investigate their management and performance. From a review of the SE literature, the authors identify hybridity, the pursuit of the dual mission of financial sustainability and social purpose, as the defining characteristic of SEs.They assess the impact of hybridity on the management of the SE mission, financial resource acquisition and human resource mobilization, and present a framework for understanding the tensions and trade-offs resulting from hybridity. By examining the influence of dual mission and conflicting institutional logics on SE management the authors suggest future research directions for theory development for SE and hybrid organizations more generally. Introduction The phenomenon of social enterprise (SE) has attracted...
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...AMERICAN INTERNATIONAL UNIVERSITY - BANGLADESH “An analysis of Factors Influencing the Telecommunication Industry Growth in Bangladesh” A case study of Bangladesh Author: Abdullah Md. Areef AIUB ID: 10-93465-1 Course Instructor: Dr. A. F. M. Masum Rabbani AMERICAN INTERNATIONAL UNIVERSITY - BANGLADESH “An analysis of Factors Influencing the Telecommunication Industry Growth in Bangladesh” A case study of Bangladesh Author: Abdullah Md. Areef AIUB ID: 10-93465-1 Course Instructor: Dr. A. F. M. Masum Rabbani Abstract Not very long ago, mobile were only used by the professional or it was considered as the device of luxury, and user for only voice call, but the scenario has completely changed. Now it’s a necessity of the life. As Bangladesh is a small country with large number of population, it’s an attractive market for business like the mobile operators. Customers of the market do display a strange need for communication through cell phones and are often noted to spend more money on making calls than they do on food. In terms of Social factors, the market is still thriving for more. Customers are still willing to try something new and because of lack of loyalty, customers are always ready for a new operator, hoping that call rates will fall even more which is a threat. The almost exponential growth in the Telecoms sector in Bangladesh in the last 5-10 years has had the same transformative impact on Bangladesh’s economy as the growth of Ready Made Garments...
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