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1.
The independent directors` system is regarded as a kind of way to perfect company's administration structure, China Securities Regulatory Commission introduces it into the listed company managing, and offer the great expectations. But the effect of the independent directors` system is not very good. So the game theory is used in this text. The game frame between independent directors and listed company administrative authority is structured and a short time of perfecting independent director's system and long-term tactics to factor influencing independent directors` system are educed through discussing the influence factors one by one.  相似文献   

2.
姚飞  吴应珍 《中国农学通报》2015,31(13):279-283
为促进甘肃省农业保险政策的完善及提高农户对农业保险的有效需求,进而促进甘肃省农业保险的可持续发展,本研究针对农业保险市场上政府、保险公司和农户三大利益主体之间的相互影响关系,采用完全信息静态博弈理论对各个利益主体的收益进行博弈分析,同时结合甘肃省实地调研数据,选取逻辑回归分析方法提取影响农户参与农业保险的主要因素。分析得出:在保险公司和农户的博弈中,保险公司在农户有投保意愿时应当做出的积极回应为不经营策略,如果选择经营,则会损失更多(-M-P+C<0),其中,C为农户的投保金额,M为出险后农户获得的保险金,P为保险公司的经营成本;农户在保险公司做出经营策略的时候,应当积极投保,这样才能获得收益,如果保险公司选择不经营,农户无论做出什么选择,都会损失预防灾情的资金N,并且如果农户选择投保还会损失更多;在政府与保险公司的博弈中,可以看出,政府的最佳收益为0,说明政府不支持保险公司进行农业保险业务是最佳策略;而对保险公司来说,只有在政府支持的情况下,才能获得最佳收益(-M-P C Q),其中,Q表示政府对保险公司的支持成本,这说明,只有在政府支持的情况下,保险公司经营农业保险的积极性才能提高。逻辑回归分析表明文化程度、务农人数、耕地面积、农业收入占家庭收入比重、了解农业保险程度对农户农业保险购买行为具有显著的影响。  相似文献   

3.
Based on the three levels of the company management structure,this paper points out that it is the focal point that every key element of the company's management structure is perfect.What's more,it is difficult point that the(duty) and authority of every key element of the company management structure are determined.Based on that,the(authors) put forward the division of authority and responsibility,and probed into three kinds of the administration modes in the state-run assets reform.  相似文献   

4.
Capital structure of company changes company value in a frictional market environment through cutting down cost and decreasing moral risk and causal problem in trust agency. The authors apply method of asymmetric information game to analyze how to make design of mechanism on the basis of existing revenue and cost of bankruptcy, make the company's manager maximize shareholder's wealth through maximizing own effectiveness, thus define the best radio of liabilities.The authors show that good companies have higher value than difference one in a assured mechanism, afitness capital structure could reduce the problem in trust agency of company's manager,higher risk project can bering more value for compay.  相似文献   

5.
基于订单农业风险管理的农民专业合作社创新研究   总被引:2,自引:2,他引:0  
为了有效提高农民专业合作社订单农业履约率,促进农业产业化经营。利用博弈论分析订单农业中农户和农业企业违约的条件和原因,指出利用“公司+农民专业合作社+农户”模式和金融衍生工具交易两种方式来解决订单农业违约风险问题。进而分析农民专业合作社在这两种方式中的作用,包括改变农户参与市场的弱势地位,有利于实行农产品标准化生产,提高农户的诚信度,代表农户参与期货市场等。基于此,提出农民专业合作社应扩大业务内容,实现职能创新,培养或引进专业人才,制定相关期货操作规定,禁止从事投机交易;政府则应充分发挥其监督与服务职能,由此不断提高订单农业履约率。  相似文献   

6.
With the increasingly economic competition in the World, the audit industry, numerous investors and the enterprises pay more and more attention on the audit of company's sustainable operation. In view of existing situation that the audit on the capacity of sustainable operation attach main importance to the finance of the audited company, in the result, it is difficult to recognize it completely. The model of the balanced scorecard is used, an indicator system that combine company's finance condition and non-finance condition is built in the sustainable operation audit. Basing on the way to process non-dimensional quantities of indicators, the audit use the analytic hierarchy process to determine the weights of the evaluating indicators and take the degree of gray incidence as the evaluation criteria.  相似文献   

7.
In order to guard against the manipulation on the stock market made by institutional investors, protect personal investors' benefits, and improve the efficiency of stock market, this article attempts to analyze the institutional manipulation that often happens in our country's stock market, its conditions, mechanism, restriction factors, and its impact on the efficiency of securities market. The analysis is conducted by employing the methods used in the information economics and the signaling game model. Furthermore, basing on the analysis results, the article proposes some constructive suggestions.  相似文献   

8.
基于进化博弈论的食品质量安全监管分析   总被引:1,自引:1,他引:0  
摘 要:运用进化博弈理论分析食品质量安全监管问题。通过食品质量安全演化博弈模型的构建和分析,探讨食品生产经营者和监管者的策略空间以及演化趋势,得出食品质量安全监管的演化相图以及在每一个平衡点的演化稳定特性,很好地揭示了食品质量安全监管的演化进程,为有效制定相关政策保障食品质量安全提供了科学依据。  相似文献   

9.
股权结构研究是公司治理结构研究中的核心问题。选取制造业上市公司2010—2012年3年间数据作为研究样本,以股权结构特征作为解释变量,通过主成分因子分析法构建公司业绩指标,同时以公司规模和年度作为相关控制变量。在创建多元线性回归模型的基础上,对国内上市制造企业当前的股权结构、绩效关系等进行了详细的实证研究,对实证结果提出了政策建议,为股权结构对业绩影响的研究提供参考。  相似文献   

10.
Owning to the ability of accepting insurance enough,it is the foundation for insurance companies to operate in a long-term and steady way,a method to develop sustainably,a reflection of an insurance company's comprehensive competition ability and also a premise for an insurance company to realize developing strategy.Accepting insurance ability is very important in the development and strategic planning for an insurance company.The quantitative analysis is used to analyze the ability of accepting insurance of our country's insurance companies,in another word,the factor(analysis),which belongs to the analysis of diverse statistic,is used.Using the method to give a concrete evidence analysis to the ability of accepting insurance of our country's non-life insurance companies,so that the insurance companies can understand very well to the advantages and disadvantages of the ability of accepting insurance to each other,and as well as supplying a strategic reference for the insurance companies themselves to make decisive planning.  相似文献   

11.
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.  相似文献   

12.
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.  相似文献   

13.
Testing Research on Development of Perilous Rock in Tension-shear Fracture   总被引:1,自引:0,他引:1  
In this paper a game model for the effect of corporation control on the financial contract efficiency under imperfect financial contract has been set up.With introducing the factor of control power,the factors influencing the efficiency of the financial contract are not only the efforts of investors and administrators and the welfare of the administrator but more important is the imperfectness of the financial contract,which can be used for discussion on transformation mechanism of the influence of the funding behavior.  相似文献   

14.
Appraise the Traditional stocks inherent value models ,and point out their shortcomings.Then a improved stocks inherent value model which emphasize growth of listed Company is set up.The improved model can explain the situation for the times of knowledge economy.Finally, the growth of listed company and is studied a analytic Hierarchy Process model to appraise the growth of listed company is set up.  相似文献   

15.
The listed firm' information disclosure violation is the expectation result of violation cost-benefit under improper Corp governance. The information disclosure violation penalty imposed by CSRC and Stock Exchange doesn't prevent the violation behavior. The author puts forward Penalty effect issue of information disclosure violation and applies SUR event study method to statistical data. The empirical study yields several findings: 1) the penalty doesn't have enough intensity; 2) market response correlates to disciplinary action with publicity and severity; 3) penalty as a whole doesn't increase the violation cost. At last the paper presents some propositions based on the empirical analysis.  相似文献   

16.
农业上市公司的成长应该说是一个持续的研究热点,社会经济发展需要这个产业的发展,需要这个产业微观主体农业上市公司的壮大,而对于成长中的多元化经营给企业带来应有的额外收益,在目前企业经营中还没有明显显现。作为我国先进农业生产力旗帜代表的农业上市公司,目前普遍存在着相对数量小、规模普遍较小、科技程度不高,还有就是生产经营过程中的背农多元化转型等问题,笔者认为这是一个事物发展的必然和允许存在的偏离,关键是正视和解决这些问题,本文将对我国农业上市公司成长中的多元化问题作分析研究。  相似文献   

17.
林业企业实施森林认证行为的博弈分析   总被引:1,自引:0,他引:1  
鉴于森林认证的迅速发展以及在中国的起步态势,建立林业企业实施森林认证的动力机制的囚徒困境、古诺模型及离散型贝叶斯博弈模型,对林业企业实施森林认证行为的进行博弈分析。认为对于实施森林认证的林业企业而言,其类型应属于强类型,即在林产品贸易过程中同林产品的需求者的讨价还价占据优势地位。相对而言保持强势的价格谈判姿态有利于实施森林认证的林业企业在林产品的经营过程中获取更高的利润。  相似文献   

18.
资本结构与公司绩效关系问题是理论界与实务界研究的热门问题,也是一个财务问题。本文以单位经济增加值来研究资本结构与绩效的关系。选取11家农业上市公司为样本,计算出资产负债率,推出单位经济增加值,对样本公司的截面数据进行线性回归和二次函数回归,并进行相关检验,最终结果说明农业上市公司资本结构存在着最优区间。  相似文献   

19.
周露  王颖 《中国农学通报》2014,30(11):29-33
近期国务院发布关于促进海洋渔业持续健康发展的若干意见中提出,支持符合条件的海洋渔业企业上市融资。这意味着日后我国海洋渔业企业将更进一步的活跃在资本市场上。对上市海洋渔业企业内在价值进行投评估分析,有利于投资者更多的关注上市公司本身的经营行为和业绩表现。论文基于DDM和市盈率模,使用个股进行实证分析研究即通过使用两种不同的模型对獐子岛的内在价值进行估计,比较目前市场上獐子岛股票的交易均价提出投资建议。  相似文献   

20.
包含双边金融期权的农村电价古诺模型研究   总被引:1,自引:1,他引:0  
打破电力市场垄断,提高农村电力市场效率,以及抑制市场力滥用是当今农村电力市场改革的主要方向之一。本文基于非合作博弈理论,提出了一种含买卖双边金融期权的、按照古诺竞争模式在现货市场和期权市场进行2阶段博弈的模型。由多家独立发电商与惟一的电网公司首先在期权市场中签订双边合同,决策出各自售出的最优期权数量;之后在现货市场进行产量竞争,在各自拥有期权头寸已知的情况下,选择其发电出力使自身期望收益最大。利用反向推倒方法求解模型,分析了模型中不同参数的变化对市场均衡结果的影响。通过理论研究和算例分析证明,与现有模型相比较,本文提出的含双边金融期权模型能够更大程度上降低市场出清价格以及提高发电量,可为电力监管机构与市场决策者引导参与者有序竞争提供一种新思路。  相似文献   

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