This paper studies financial behaviors of households in China's Beijing urban area. Demographic and psychometrical data were collected through questionnaire surveys and analyzed by logistic regression and Tobit regression methods. Several important factors which affect the willingness of the...

Stock repurchase, one of the most important ways to distribute earnings to shareholders, is often interpreted as a signal of underpricing of the firm's stocks. However, two anomalies can be observed in the stock repurchase behavior: (1) Prices of repurchased stocks often do not increase as...

This paper presents an equation mathematically derived by using discounted cash flow method. This equation has several advantages. It is easy to use. It can be used for all the three popular models. It can be programed into calculator or electronic spreadsheet. It is more versatile than the...

The 1997 Asian financial crisis inflicted serious economic damages to many Asian countries. However, China was conspicuously avoided being severely attacked by this crisis. This study compares the growth patterns of foreign short-term debt, the foreign debt structure and short-term foreign...

Foreign exchange rate is a chaotic time series which is consistent with the Mackey-Glass equation. Fuzzy logic is an intelligent computational technique and has good potential in forecasting time-series data. This study uses fuzzy logic to study data of exchange rates and build a dynamic...

One of the puzzling phenomena in the emerging financial market was that financial crises often took place in middle-income countries rather than in low-income countries. This study empirically studies the financial crises between 1993 and 2003 and finds that the over-reliance on foreign debt,...

Through the collection of related literature, we point out the six major factors influencing China's forestry enterprises' financing: insufficient national support; regulations and institutional environmental factors; narrow channels of financing; inappropriate existing mortgage-backed approach;...

This study establishes and tests a methodology to gauge global markets convergence, i.e., the long-run tendency of different markets to catch-up with a leading market. Under the globalization hypothesis, the differential speeds of the markets worldwide are hypothesized to show some tendencies...