首页 > 最新文献

中国经济评论:英文版最新文献

英文 中文
The Pricing of Reverse Mortgages in the Chinese Market 中国市场的反向抵押贷款定价
Pub Date : 2021-02-28 DOI: 10.17265/1537-1506/2021.02.004
Di Lorenzo Emilia, Piscopo Gabriella, Sibillo Marilena
Reverse mortgages (RM) are an attractive tool to increase retirement incomes and to face the needs of health care for elderly people. The investor in the RM market faces several risks: longevity risk, as retirees’ life expectancy increases, interest rate risk, especially in the low-rate post-crisis period, property market risk, in the last stage of the current business cycle. In our pricing model we incorporate the overall risk of the RM, focusing on the feature of the developing Chinese market.
反向抵押贷款(RM)是一个有吸引力的工具,以增加退休收入和面对老年人的医疗保健需求。RM市场的投资者面临着几个风险:长寿风险,随着退休人员的预期寿命增加,利率风险,特别是在低利率的危机后时期,房地产市场风险,在当前经济周期的最后阶段。在我们的定价模型中,我们将RM的整体风险纳入其中,重点关注发展中的中国市场的特点。
{"title":"The Pricing of Reverse Mortgages in the Chinese Market","authors":"Di Lorenzo Emilia, Piscopo Gabriella, Sibillo Marilena","doi":"10.17265/1537-1506/2021.02.004","DOIUrl":"https://doi.org/10.17265/1537-1506/2021.02.004","url":null,"abstract":"Reverse mortgages (RM) are an attractive tool to increase retirement incomes and to face the needs of health care for elderly people. The investor in the RM market faces several risks: longevity risk, as retirees’ life expectancy increases, interest rate risk, especially in the low-rate post-crisis period, property market risk, in the last stage of the current business cycle. In our pricing model we incorporate the overall risk of the RM, focusing on the feature of the developing Chinese market.","PeriodicalId":64249,"journal":{"name":"中国经济评论:英文版","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-02-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48245635","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Influence of the Gender of Business Managers on Corporate Corruption in Emerging Countries 新兴国家企业管理者性别对企业腐败的影响
Pub Date : 2021-02-28 DOI: 10.17265/1537-1506/2021.02.003
WANG Chujun
{"title":"Influence of the Gender of Business Managers on Corporate Corruption in Emerging Countries","authors":"WANG Chujun","doi":"10.17265/1537-1506/2021.02.003","DOIUrl":"https://doi.org/10.17265/1537-1506/2021.02.003","url":null,"abstract":"","PeriodicalId":64249,"journal":{"name":"中国经济评论:英文版","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-02-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46358715","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
The Tourist Entrepreneur, Between European Citizenship and Internationalization Processes 旅游企业家:在欧洲公民身份和国际化进程之间
Pub Date : 2021-02-28 DOI: 10.17265/1537-1506/2021.02.005
Peppino De Rose
{"title":"The Tourist Entrepreneur, Between European Citizenship and Internationalization Processes","authors":"Peppino De Rose","doi":"10.17265/1537-1506/2021.02.005","DOIUrl":"https://doi.org/10.17265/1537-1506/2021.02.005","url":null,"abstract":"","PeriodicalId":64249,"journal":{"name":"中国经济评论:英文版","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-02-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45921179","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Perspective on the Economic Evolution of the European Union States Under the Impact of the Pandemic and Financial-Economic Crisis 疫情和金融经济危机影响下欧盟国家经济发展透视
Pub Date : 2021-02-28 DOI: 10.17265/1537-1506/2021.02.001
Constantin Anghelache, M. Anghel, Ș. Iacob, Dragoș-Alexandru Hașegan
{"title":"Perspective on the Economic Evolution of the European Union States Under the Impact of the Pandemic and Financial-Economic Crisis","authors":"Constantin Anghelache, M. Anghel, Ș. Iacob, Dragoș-Alexandru Hașegan","doi":"10.17265/1537-1506/2021.02.001","DOIUrl":"https://doi.org/10.17265/1537-1506/2021.02.001","url":null,"abstract":"","PeriodicalId":64249,"journal":{"name":"中国经济评论:英文版","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-02-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43094817","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
The vital point of the Parameters of Morpho-functional State of Gymnasts for the Assessment of Physical Development at the Stage of Sports Perfection 体操运动员形态功能状态参数对运动完善阶段身体发育评价的重要意义
Pub Date : 2021-02-28 DOI: 10.17265/1537-1506/2021.02.002
Zakharyeva Natalia Nikolaevna
The article presents the data of the assessment of the physical development and functional state of highly qualified gymnasts engaged in rhythmic gymnastics. It was found that high-skilled gymnasts have heterogeneity of somatotypes determined according to the B. Heath-J. Carter scheme and heterogeneity of types of autonomous nervous regulation of heart rate variability, systolic, diastolic blood pressure and respiration, determined on the spiroarteriorhythmocardiograph device. Highly qualified gymnasts have vago- and normotonic types of regulation of heart rate variability; normal-sympathetic- and hypersympathicotonic types of regulation of the variability of systolic blood pressure and diastolic blood pressure, vagotonic type of regulation of the variability of the respiratory rhythm. Statistically significant differences gymnasts, successful in the medal standings at the international competitions and gymnasts participating, but not in high prizes in competitions, consist in the ability to resist fatigue while performing strenuous mental work (differences were revealed in 10-letter “Mental performance” at a constant speed (p > 0.0001), and 3-letter test (p > 0.001)), data stabilometric test “Target” indicator “Time stability on the left foot” (R > 0.039) with the advantage of a high performing gymnasts artists. Fleshed out the possibility of using the parameters of the morphofunctional state of gymnasts in training for the qualitative evaluation of the physical development of gymnasts, evaluation set their sports uniforms indicated the possibility of developing the reference parameters of the morphofunctional status of gymnasts and recommendations on the frequency of the survey of morphological and functional status of gymnasts involved in rhythmic gymnastics.
本文介绍了从事艺术体操运动的高水平体操运动员身体发育和功能状态的评估数据。研究发现,高技能体操运动员的体格类型具有异质性。自主神经调节心率变异性、收缩压、舒张压和呼吸的类型的卡特方案和异质性,在心肺节律仪上测定。高水平的体操运动员对心率变异性有迷走型和常动型的调节;正常交感神经性和高交感神经性调节收缩压和舒张压的变异性,迷走神经性调节呼吸节律的变异性。在国际比赛奖牌榜上取得成功的体操运动员和参加比赛但没有获得高奖项的体操运动员,在进行艰苦的脑力劳动时的抗疲劳能力上存在统计学上的显著差异(在10个字母的“精神表现”中显示出差异(p > 0.0001),在3个字母的测试中(p > 0.001))。数据稳定性测试“目标”指标“左脚时间稳定性”(R = 0.039)具有体操运动员高水平的优势。充实了利用训练中体操运动员形态功能状态参数对体操运动员身体发育进行定性评价的可能性,对运动员运动服的评价说明了制定体操运动员形态功能状态参考参数的可能性,并对艺术体操运动员形态功能状态调查频率提出了建议。
{"title":"The vital point of the Parameters of Morpho-functional State of Gymnasts for the Assessment of Physical Development at the Stage of Sports Perfection","authors":"Zakharyeva Natalia Nikolaevna","doi":"10.17265/1537-1506/2021.02.002","DOIUrl":"https://doi.org/10.17265/1537-1506/2021.02.002","url":null,"abstract":"The article presents the data of the assessment of the physical development and functional state of highly qualified gymnasts engaged in rhythmic gymnastics. It was found that high-skilled gymnasts have heterogeneity of somatotypes determined according to the B. Heath-J. Carter scheme and heterogeneity of types of autonomous nervous regulation of heart rate variability, systolic, diastolic blood pressure and respiration, determined on the spiroarteriorhythmocardiograph device. Highly qualified gymnasts have vago- and normotonic types of regulation of heart rate variability; normal-sympathetic- and hypersympathicotonic types of regulation of the variability of systolic blood pressure and diastolic blood pressure, vagotonic type of regulation of the variability of the respiratory rhythm. Statistically significant differences gymnasts, successful in the medal standings at the international competitions and gymnasts participating, but not in high prizes in competitions, consist in the ability to resist fatigue while performing strenuous mental work (differences were revealed in 10-letter “Mental performance” at a constant speed (p > 0.0001), and 3-letter test (p > 0.001)), data stabilometric test “Target” indicator “Time stability on the left foot” (R > 0.039) with the advantage of a high performing gymnasts artists. Fleshed out the possibility of using the parameters of the morphofunctional state of gymnasts in training for the qualitative evaluation of the physical development of gymnasts, evaluation set their sports uniforms indicated the possibility of developing the reference parameters of the morphofunctional status of gymnasts and recommendations on the frequency of the survey of morphological and functional status of gymnasts involved in rhythmic gymnastics.","PeriodicalId":64249,"journal":{"name":"中国经济评论:英文版","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-02-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44727997","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Global Value Chains in the Era of 4IR: New Paradigm of Business Models for SMEs 第四次工业革命时代的全球价值链:中小企业商业模式的新范式
Pub Date : 2021-01-28 DOI: 10.17265/1537-1506/2021.01.001
R. Mavilia, Roberta Pisani
 This paper presents a brief literature review of previous studies methodologies, models, and contexts in studying firms’ upgrading in Global Value Chains (GVCs). The key context of this paper is set within Fourth Industrial Revolution (4IR). Through the literature review, this paper offers to identify the opportunities of theoretical novelty and ways to elaborate on understanding firm dynamics in Global Value Chains in the context of 4IR. The approach based on Business Model (BM) innovations and new forms of organizing for business (such as platforms) is used to synthesize from previous research findings and build on to newer explanations of firms’ entry, learning, and upgrading within GVCs.
 本文简要回顾了以往研究全球价值链中企业升级的方法、模型和背景。本文的主要背景是第四次工业革命。通过文献综述,本文提出了在4IR背景下理解全球价值链中的企业动态的理论创新机会和方法。基于商业模式(BM)创新和新的商业组织形式(如平台)的方法用于综合先前的研究结果,并建立在对企业进入全球价值链、学习和升级的新解释的基础上。
{"title":"Global Value Chains in the Era of 4IR: New Paradigm of Business Models for SMEs","authors":"R. Mavilia, Roberta Pisani","doi":"10.17265/1537-1506/2021.01.001","DOIUrl":"https://doi.org/10.17265/1537-1506/2021.01.001","url":null,"abstract":" This paper presents a brief literature review of previous studies methodologies, models, and contexts in studying firms’ upgrading in Global Value Chains (GVCs). The key context of this paper is set within Fourth Industrial Revolution (4IR). Through the literature review, this paper offers to identify the opportunities of theoretical novelty and ways to elaborate on understanding firm dynamics in Global Value Chains in the context of 4IR. The approach based on Business Model (BM) innovations and new forms of organizing for business (such as platforms) is used to synthesize from previous research findings and build on to newer explanations of firms’ entry, learning, and upgrading within GVCs.","PeriodicalId":64249,"journal":{"name":"中国经济评论:英文版","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-01-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42030102","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Determinants of the Impact of AEC on SMEs’ Performance in Lao PDR AEC对老挝中小企业绩效影响的决定因素
Pub Date : 2021-01-28 DOI: 10.17265/1537-1506/2021.01.005
Oukham Sisounonth, Phouphet Kyophilavong, Xayphone Kongmanila
There is a recognition of 99% of economic enterprises in the Lao People’s Democratic Republic (PDR) is small-and medium- size enterprise (SMEs) and 94% of employment. It is crucial that strengthening the competitiveness of SMEs in the Lao PDR as to sustainably develop localisation and identity of Laos to fulfil the needs of generalised systems of preferences certificate of origin. The Logit Model was employed to examine the impact of trade liberalization including the World Trade Organization (WTO) and ASEAN Economic Community (AEC) on SMEs performance. In addition, the second objective of this study is to investigate the factors affect the SMEs performance. The result shows that AEC awareness has significant impact on SMEs performance. In addition, there are various factors affect SMEs performance. Therefore, Lao government should promotion of implementation of AEC.
老挝人民民主共和国(PDR) 99%的经济企业是中小型企业(SMEs), 94%的就业是中小型企业。加强老挝人民民主共和国中小企业的竞争力,以可持续地发展老挝的本地化和身份,以满足普遍优惠原产地证书制度的需要,这一点至关重要。采用Logit模型考察了世界贸易组织(WTO)和东盟经济共同体(AEC)等贸易自由化对中小企业绩效的影响。此外,本研究的第二个目的是探讨中小企业绩效的影响因素。结果表明,AEC意识对中小企业绩效有显著影响。此外,影响中小企业绩效的因素是多方面的。因此,老挝政府应推动东盟经济共同体的实施。
{"title":"Determinants of the Impact of AEC on SMEs’ Performance in Lao PDR","authors":"Oukham Sisounonth, Phouphet Kyophilavong, Xayphone Kongmanila","doi":"10.17265/1537-1506/2021.01.005","DOIUrl":"https://doi.org/10.17265/1537-1506/2021.01.005","url":null,"abstract":"There is a recognition of 99% of economic enterprises in the Lao People’s Democratic Republic (PDR) is small-and medium- size enterprise (SMEs) and 94% of employment. It is crucial that strengthening the competitiveness of SMEs in the Lao PDR as to sustainably develop localisation and identity of Laos to fulfil the needs of generalised systems of preferences certificate of origin. The Logit Model was employed to examine the impact of trade liberalization including the World Trade Organization (WTO) and ASEAN Economic Community (AEC) on SMEs performance. In addition, the second objective of this study is to investigate the factors affect the SMEs performance. The result shows that AEC awareness has significant impact on SMEs performance. In addition, there are various factors affect SMEs performance. Therefore, Lao government should promotion of implementation of AEC.","PeriodicalId":64249,"journal":{"name":"中国经济评论:英文版","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-01-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42787214","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Solidified Branding Function: How the Urban Brand Affects a Small Town’s Development? Case Study of Wangqingtuo, Tianjin, China 品牌功能固化:城市品牌如何影响小城镇发展?以天津王庆坨为例
Pub Date : 2021-01-28 DOI: 10.17265/1537-1506/2021.01.002
C. Yuqi
Chinese small towns are usually developed with single core industry, and the urban brand is the identity of a town that formed with the development of its industry. However, when the core industry representing its urban brand is facing a changing situation or market, will the brand be a motivation or an obstruction of the development of a town? The paper combined top-down and bottom-up research method to study the function of the urban brand in Wangqingtuo town in Tianjin, China. We studied over 400 samples (including government staff and town citizens) to make questionnaire investigation about the town’s branding. And we found that the solidified urban brand is a complicated emotional symbol for both government and citizens. The town has demand of exploring and developing new dominant industry, and it has the expectation to keep branding and upgrade its current core industry.
中国小城镇通常以单一的核心产业发展,城市品牌是随着产业的发展而形成的城镇的身份。然而,当代表其城市品牌的核心产业面临变化的形势或市场时,品牌是推动还是阻碍一个城镇的发展?本文采用自上而下与自下而上相结合的研究方法,对天津市王庆坨镇的城市品牌功能进行了研究。我们对400多个样本(包括政府工作人员和城镇居民)进行了关于城镇品牌的问卷调查。我们发现,固化的城市品牌对于政府和市民来说都是一种复杂的情感符号。小镇有探索和发展新的优势产业的需求,有保持品牌、升级现有核心产业的期望。
{"title":"Solidified Branding Function: How the Urban Brand Affects a Small Town’s Development? Case Study of Wangqingtuo, Tianjin, China","authors":"C. Yuqi","doi":"10.17265/1537-1506/2021.01.002","DOIUrl":"https://doi.org/10.17265/1537-1506/2021.01.002","url":null,"abstract":"Chinese small towns are usually developed with single core industry, and the urban brand is the identity of a town that formed with the development of its industry. However, when the core industry representing its urban brand is facing a changing situation or market, will the brand be a motivation or an obstruction of the development of a town? The paper combined top-down and bottom-up research method to study the function of the urban brand in Wangqingtuo town in Tianjin, China. We studied over 400 samples (including government staff and town citizens) to make questionnaire investigation about the town’s branding. And we found that the solidified urban brand is a complicated emotional symbol for both government and citizens. The town has demand of exploring and developing new dominant industry, and it has the expectation to keep branding and upgrade its current core industry.","PeriodicalId":64249,"journal":{"name":"中国经济评论:英文版","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-01-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46643252","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Financial Management and Control and Internal Audit System in the Public Sector in BiH 波黑公共部门的财务管理和控制及内部审计制度
Pub Date : 2021-01-28 DOI: 10.17265/1537-1506/2021.01.004
Antonio Vukoja, Antonela Vukoja
The introduction and implementation of finansijsko upravljanje i kontrola (FUK, financial management and control [FMC]) in Federation of Bosnia and Herzegovina (FBiH) aims to incorporate a modern public internal financial control (PIFC) system into traditional public resources management models. This area is one of the reform areas in which Bosnia and Herzegovina (BiH) is obliged to harmonize the legislative framework and practice with the good practices and regulations recommended by the European Commission. The establishment and development of the PIFC are also an obligation of Bosnia and Herzegovina established by the Stabilization and Association Agreement between the European Community and the member states, of the one part, and Bosnia and Herzegovina, of the other part. The public internal financial control (PIFC) system focuses on enhancing transparency, financial discipline, and dedicated use of public resources, that is, transparent, economical, efficient, and effective management of public resources, and control of the use of those resources. The topic of this paper is “financial management and control in the public sector” where the aim is to show, through the conducted theoretical research, the level of achievement of the establishment of this system in public sector institutions in BiH. The European Union wants to direct all potential member countries towards development of internal controls in the use of their own resources, but also to create a control environment that would ensure the dedicated use of EU funds. In Bosnia and Herzegovina, there is no single legal framework in terms of a single law governing public internal financial controls. The contents of the applicable legal provisions at all three levels (BiH, FBiH, and Republic of Srpska [RS]) are largely congruent thanks to the Coordination Committee of Central Harmonization Units (CHJs) in Bosnia and Herzegovina, through which the harmonization of regulations and practices in the development of public internal financial controls is ensured.
波斯尼亚和黑塞哥维那联邦(FBiH)引入和实施财务管理和控制(FUK, financial management and control [FMC])的目的是将现代公共内部财务控制(PIFC)系统纳入传统的公共资源管理模式。这一领域是波斯尼亚-黑塞哥维那(波黑)有义务使立法框架和做法与欧洲委员会建议的良好做法和条例相协调的改革领域之一。PIFC的建立和发展也是波斯尼亚-黑塞哥维那的一项义务,这是欧洲共同体与各成员国和波斯尼亚-黑塞哥维那之间的《稳定和联合协定》所规定的。公共内部财务控制(PIFC)制度侧重于提高公共资源的透明度、财务纪律和专用使用,即对公共资源进行透明、经济、高效和有效的管理,并对这些资源的使用进行控制。本文的主题是“公共部门的财务管理和控制”,其目的是通过进行的理论研究来展示波黑公共部门机构建立这一制度的成就水平。欧盟希望指导所有潜在成员国在使用本国资源时发展内部控制,但也要创造一种控制环境,确保专门使用欧盟资金。在波斯尼亚-黑塞哥维那,就管理公共内部财务控制的单一法律而言,没有单一的法律框架。得益于波斯尼亚和黑塞哥维那中央协调单位协调委员会(CHJs),所有三个级别(波黑、波黑联邦和斯普斯卡共和国[RS])的适用法律条款的内容在很大程度上是一致的,通过该协调委员会,确保了公共内部财务控制发展中的法规和实践的协调。
{"title":"Financial Management and Control and Internal Audit System in the Public Sector in BiH","authors":"Antonio Vukoja, Antonela Vukoja","doi":"10.17265/1537-1506/2021.01.004","DOIUrl":"https://doi.org/10.17265/1537-1506/2021.01.004","url":null,"abstract":"The introduction and implementation of finansijsko upravljanje i kontrola (FUK, financial management and control [FMC]) in Federation of Bosnia and Herzegovina (FBiH) aims to incorporate a modern public internal financial control (PIFC) system into traditional public resources management models. This area is one of the reform areas in which Bosnia and Herzegovina (BiH) is obliged to harmonize the legislative framework and practice with the good practices and regulations recommended by the European Commission. The establishment and development of the PIFC are also an obligation of Bosnia and Herzegovina established by the Stabilization and Association Agreement between the European Community and the member states, of the one part, and Bosnia and Herzegovina, of the other part. The public internal financial control (PIFC) system focuses on enhancing transparency, financial discipline, and dedicated use of public resources, that is, transparent, economical, efficient, and effective management of public resources, and control of the use of those resources. The topic of this paper is “financial management and control in the public sector” where the aim is to show, through the conducted theoretical research, the level of achievement of the establishment of this system in public sector institutions in BiH. The European Union wants to direct all potential member countries towards development of internal controls in the use of their own resources, but also to create a control environment that would ensure the dedicated use of EU funds. In Bosnia and Herzegovina, there is no single legal framework in terms of a single law governing public internal financial controls. The contents of the applicable legal provisions at all three levels (BiH, FBiH, and Republic of Srpska [RS]) are largely congruent thanks to the Coordination Committee of Central Harmonization Units (CHJs) in Bosnia and Herzegovina, through which the harmonization of regulations and practices in the development of public internal financial controls is ensured.","PeriodicalId":64249,"journal":{"name":"中国经济评论:英文版","volume":"20 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-01-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41999238","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Nonlinearity in Stock Exchange Markets: The Case of Bist 100 Indices 证券交易市场的非线性:以Bist 100指数为例
Pub Date : 2021-01-28 DOI: 10.17265/1537-1506/2021.01.003
Jamilu Said Babangida
In this paper, using data for the Bist 100 index, we investigate the presence of nonlinearities by employing several nonlinearity tests. The Brock, Dechert, and Scheinkman (BDS) and runs tests were first applied to the series to show an initial indication of nonlinearity. The findings for the BDS and runs test of randomness were followed by other sets of direct nonlinearity tests developed by White (1989), Terasvirta (1993), Keenan (1985), and Tsay (1986). Also, the Threshold Autoregression (TAR) test is employed as a final test to confirm the existence of nonlinearity in the Turkish stock exchange market. From the results of the nonlinearity test, it is concluded that the Bist 100 index is characterised by the presence of nonlinearities and cycles. This finding is in contrast with the efficient market hypothesis (EMH) implying that the Turkish stock exchange market is inefficient.
本文利用Bist 100指数的数据,通过几种非线性检验来研究非线性的存在性。首先将Brock, Dechert, and Scheinkman (BDS)和运行测试应用于该系列,以显示非线性的初始指示。在BDS和运行随机性检验的发现之后,White(1989年)、Terasvirta(1993年)、Keenan(1985年)和Tsay(1986年)开发了其他组直接非线性检验。此外,采用阈值自回归(TAR)检验作为最终检验,以确认土耳其证券交易所市场存在非线性。非线性检验结果表明,Bist 100指数具有非线性和循环的特征。这一发现与有效市场假说(EMH)相反,该假说暗示土耳其证券交易所市场效率低下。
{"title":"Nonlinearity in Stock Exchange Markets: The Case of Bist 100 Indices","authors":"Jamilu Said Babangida","doi":"10.17265/1537-1506/2021.01.003","DOIUrl":"https://doi.org/10.17265/1537-1506/2021.01.003","url":null,"abstract":"In this paper, using data for the Bist 100 index, we investigate the presence of nonlinearities by employing several nonlinearity tests. The Brock, Dechert, and Scheinkman (BDS) and runs tests were first applied to the series to show an initial indication of nonlinearity. The findings for the BDS and runs test of randomness were followed by other sets of direct nonlinearity tests developed by White (1989), Terasvirta (1993), Keenan (1985), and Tsay (1986). Also, the Threshold Autoregression (TAR) test is employed as a final test to confirm the existence of nonlinearity in the Turkish stock exchange market. From the results of the nonlinearity test, it is concluded that the Bist 100 index is characterised by the presence of nonlinearities and cycles. This finding is in contrast with the efficient market hypothesis (EMH) implying that the Turkish stock exchange market is inefficient.","PeriodicalId":64249,"journal":{"name":"中国经济评论:英文版","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-01-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42070199","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
期刊
中国经济评论:英文版
全部 Acc. Chem. Res. ACS Applied Bio Materials ACS Appl. Electron. Mater. ACS Appl. Energy Mater. ACS Appl. Mater. Interfaces ACS Appl. Nano Mater. ACS Appl. Polym. Mater. ACS BIOMATER-SCI ENG ACS Catal. ACS Cent. Sci. ACS Chem. Biol. ACS Chemical Health & Safety ACS Chem. Neurosci. ACS Comb. Sci. ACS Earth Space Chem. ACS Energy Lett. ACS Infect. Dis. ACS Macro Lett. ACS Mater. Lett. ACS Med. Chem. Lett. ACS Nano ACS Omega ACS Photonics ACS Sens. ACS Sustainable Chem. Eng. ACS Synth. Biol. Anal. Chem. BIOCHEMISTRY-US Bioconjugate Chem. BIOMACROMOLECULES Chem. Res. Toxicol. Chem. Rev. Chem. Mater. CRYST GROWTH DES ENERG FUEL Environ. Sci. Technol. Environ. Sci. Technol. Lett. Eur. J. Inorg. Chem. IND ENG CHEM RES Inorg. Chem. J. Agric. Food. Chem. J. Chem. Eng. Data J. Chem. Educ. J. Chem. Inf. Model. J. Chem. Theory Comput. J. Med. Chem. J. Nat. Prod. J PROTEOME RES J. Am. Chem. Soc. LANGMUIR MACROMOLECULES Mol. Pharmaceutics Nano Lett. Org. Lett. ORG PROCESS RES DEV ORGANOMETALLICS J. Org. Chem. J. Phys. Chem. J. Phys. Chem. A J. Phys. Chem. B J. Phys. Chem. C J. Phys. Chem. Lett. Analyst Anal. Methods Biomater. Sci. Catal. Sci. Technol. Chem. Commun. Chem. Soc. Rev. CHEM EDUC RES PRACT CRYSTENGCOMM Dalton Trans. Energy Environ. Sci. ENVIRON SCI-NANO ENVIRON SCI-PROC IMP ENVIRON SCI-WAT RES Faraday Discuss. Food Funct. Green Chem. Inorg. Chem. Front. Integr. Biol. J. Anal. At. Spectrom. J. Mater. Chem. A J. Mater. Chem. B J. Mater. Chem. C Lab Chip Mater. Chem. Front. Mater. Horiz. MEDCHEMCOMM Metallomics Mol. Biosyst. Mol. Syst. Des. Eng. Nanoscale Nanoscale Horiz. Nat. Prod. Rep. New J. Chem. Org. Biomol. Chem. Org. Chem. Front. PHOTOCH PHOTOBIO SCI PCCP Polym. Chem.
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
0
微信
客服QQ
Book学术公众号 扫码关注我们
反馈
×
意见反馈
请填写您的意见或建议
请填写您的手机或邮箱
×
提示
您的信息不完整,为了账户安全,请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
现在去查看 取消
×
提示
确定
Book学术官方微信
Book学术文献互助
Book学术文献互助群
群 号:481959085
Book学术
文献互助 智能选刊 最新文献 互助须知 联系我们:info@booksci.cn
Book学术提供免费学术资源搜索服务,方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。
Copyright © 2023 Book学术 All rights reserved.
ghs 京公网安备 11010802042870号 京ICP备2023020795号-1