ã€Abstract】 The paper is devoted to the research on the net present value rule in which the option is considered in corperate investment decision. There are two problems to be solved in the traditional net present value rule. The first is predicting cash flow. The second is estimating the discount rate. Estimating discount rate is [...]
Tagged: Capital cost
The Analysis on Financing Environment and Methods of Hunan TV & Broadcast Intermediary Co.,Ltd.
ã€Abstract】 Hunan TV & Broadcast Intermediary Co., Ltd. (TBI), founded in January 1999, is the first listed company in China’s media industry, which came into capital market. TBI’s successful initial public offering (IPO) and rapid capital expansion played an exemplary role in capital operation and management of China’s media industry. Meanwhile, in the post-IPO period, [...]
The Analysis on Financing Decision of China MinSheng Banking Corp.,LTD. Issuing Convertible Bonds
ã€Abstract】 As an exterior method of raising funds, convertible bonds contain the characteristics of stocks, bonds and options. It is a popular method for enterprise’s raising funds. Convertible funds issued by many corporations could be converted into their common stocks. Therefore, we can take it as a method of deferred stocks.After China’s entry to WTO, [...]
Research on China State-Owned Enterprises’ Capital Strucure Optimization
ã€Abstract】 Capital structure theory is one of chrematistics’s fundamental theories. Chinese enterprises’ development shows their problems both in capital quantity and capital structure. If limited capital can be utilized for structure adjustment, and capital course and utility structure can get constantly optimized, the capital utility efficiency of the enterprises in our country will be successively [...]
The Application and Revision of EVA Used in Chinese Stock Market
ã€Abstract】 Economic Value Added (EVA) is one of measures to evaluate the operational performance of enterprises, which has been paid close attention since 1990s. Because EVA considers the equity capital cost of enterprises, dispels the accountant distortedly and reduces the chance to manipulate the surplus, it can reflect enterprise’s performance more truly, thus it is [...]
On Chinese Capital Market Integration with the World
ã€Abstract】 It has been known for the importance of the capital market on economic development in general. In the late 20 years, it’s hot point for the capital market integration in the discussion. However, the result is inconclusive. The scholars in favor of the integration provide the evidence from the efficiency loss of the capital [...]
On Chinese Capital Market Integration with the World
ã€Abstract】 It has been known for the importance of the capital market on economic development in general. In the late 20 years, it’s hot point for the capital market integration in the discussion. However, the result is inconclusive. The scholars in favor of the integration provide the evidence from the efficiency loss of the capital [...]
The Application of EVA in the Performance Evaluation of Chinese Port Public Companies
ã€Abstract】 Over twenty years after the reform China has kept fast growth, especially in the import and export area. Now China has become the third biggest trading country in the world. The development of international trade brings both the great development opportunities and the unprecedented challenge to our port companies, which have to improve their [...]
The Research on the Investment Control of BT Project
ã€Abstract】 Along with the more need of the infrastructure construction, there are some construction and finance type of non-government capital joining in the infrastructures. In these years the more we used is BT mode. But there are many questions during the BT project constructed as legal laws and regulations system does not consummate as well [...]
Hello,My name is Andy,Ph.D. supervisor,Welcome to My WebSite,Enjoy the Paper,Enjoy the Free!
