{"title":"Local Government Implicit Debt Under China’s Public Private Partnerships: Scope, Formation and Governance","authors":"Lizhen Li, Xiumei An","doi":"10.11648/j.jim.20180705.11","DOIUrl":"https://doi.org/10.11648/j.jim.20180705.11","url":null,"abstract":"Public-Private Partnerships (PPPs), as an important mean to establish a standardized local government debt financing mechanism, relieve the pressure of local government debt, resolve the fund shortage of urbanization and promote supply-side structural reform, has increasingly become the main mode and source of China's infrastructure investment and financing. It has made an important contribution to the increase of supply scale, quality and efficiency in public services and infrastructures. But with the rapid promotion and widespread, local government provided illegal guarantees of fixed income and repurchase, or beared the loss of principal, issued Local Government Financing Vehicles(LGFVs) debts, and even disguised government purchasing services, which have make the PPPs alienated into a new financing vehicles. This paper defines the concept and scope of local government implicit debt, analyzes the tool characteristics of PPPs, the necessary and sufficient conditions for debt governance function of PPPs, and the formation mechanism, manifestation and evolution path of local government implicit debt. Then several countermeasures of implicit debt governance and risk prevention strategies under PPPs are put forward, including clarifying the relationship between the government and the market, promoting PPPs debt governance through win-win cooperation, improving PPPs laws and regulations, strengthening PPPs performance management, and improving PPPs risk sharing mechanism.","PeriodicalId":42560,"journal":{"name":"Journal of Investment Management","volume":"7 1","pages":"133"},"PeriodicalIF":0.8,"publicationDate":"2018-11-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44586138","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}
{"title":"Determinants of Agricultural Technology Adoption: The Case of Improved Highland Maize Varieties in Toke Kutaye District, Oromia Regional State, Ethiopia","authors":"Dawit Milkias, Abduselam Abdulahi Mohamed, Abduselam Abdulahi","doi":"10.11648/J.JIM.20180704.13","DOIUrl":"https://doi.org/10.11648/J.JIM.20180704.13","url":null,"abstract":"Improved highland Maize is a new and promising crop gradually becoming important in Ethiopian highlands. Its production is rapidly increasing where it has been a minor crop in the past. The empirical evidences on the determinants of agricultural technology adoption and their intensity of adoption are very limited. In this paper, determinants of adoption and intensity of adoption of improved highland maize varieties were investigated by using descriptive statistics and econometric model (Tobit). Two stage sampling procedure was followed in order to draw 150 sample respondents. The model result revealed that variables such as farm size, household income, access to credit, contact with extension agents, participation in training, and field day were positively and significantly influenced whereas, age of household and market distance negatively influenced adoption and intensity of use of improved highland maize varieties in the study area. Therefore, government policies and intervention on adoption and intensity use of agricultural technology should pay attention and move along with those variables significantly influencing adoption and intensity of use of new agricultural technology.","PeriodicalId":42560,"journal":{"name":"Journal of Investment Management","volume":"7 1","pages":"125"},"PeriodicalIF":0.8,"publicationDate":"2018-10-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48162001","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}
Qiansheng Zhang, Jingru Zhang, Zisheng Chen, Miao Zhang, Songying Li
{"title":"A New Stock Selection Model Based on Decision Tree C5.0 Algorithm","authors":"Qiansheng Zhang, Jingru Zhang, Zisheng Chen, Miao Zhang, Songying Li","doi":"10.11648/J.JIM.20180704.12","DOIUrl":"https://doi.org/10.11648/J.JIM.20180704.12","url":null,"abstract":"Due to the disordered characteristic and strong randomness of China's stock market, the typical data mining algorithms currently used to analyze and forecast the stock have imprecise prediction outcomes. In order to solve this problem, based on the industry rotation cycle theory, this paper constructs a new stock selection model combining Decision Tree C5.0 Algorithm and factor analysis. Industry rotation cycle theory aims to analyze the development trend of various industries to find promising industries as initial stock pool. According to this principle, this paper selects four industries and the A-share stocks of these industries are used as initial stock pool. This paper builds a stock index system consisting of six effective factors based on the factor analysis of stocks financial indicators and technical indicators. Then Decision Tree C5.0 Algorithm is presented to realize the prediction of stock returns and the classification of stocks. The empirical test of the proposed stock selection model, using the data from the second and the third quarter of 2017 in China A-share stock market, demonstrates that this model has significant difference in the classification accuracy between low-yielding stocks and high-yielding stocks in that case classification accuracy shows a trend opposite against stock return rate. In a conclusion, this model can effectively help investors to avoid risks and make rational investment but has little effect on obtaining excess return.","PeriodicalId":42560,"journal":{"name":"Journal of Investment Management","volume":"7 1","pages":"117"},"PeriodicalIF":0.8,"publicationDate":"2018-09-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44340442","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}
{"title":"Delays in Services and Customer Service Evaluation: A Study of Family Dining Restaurants of Pakistan","authors":"Maqsood Ahmad, H. Naseer","doi":"10.11648/J.JIM.20180704.11","DOIUrl":"https://doi.org/10.11648/J.JIM.20180704.11","url":null,"abstract":"Wait management is very important subject in service sectors because people are moving towards services due to globalization and now it has become common phenomena. Dining at restaurants has become a trend in today’s world due to increasing demand of family’s as well as time constraints. In developed countries, there is much focus on service sectors and it is producing half revenues ($1.258 trillion) of countries like USA, UK, and Japan. However, in developing countries, a service sector has not yet generated much revenue because it seems difficult for developing countries to handle it due to different demands and niche of customers. In current study, 400 questionnaires were distributed to respondents and 300 were received back. Data was analyzed using SPSS version 17 and results revealed that if good environment is provided at waiting area of restaurant lobbies, then waiting customer behavior can be managed and consequently customer satisfaction. Our results also revealed that physical environment has a positive relationship with customer satisfaction and when this relationship is checked through mediating variable (customer behavior during wait), it also shows positive relationship. On the contrary, social environment has a negative relationship with customer satisfaction and when this relationship is checked through mediating variable (customer behavior during wait), it also shows negative relationship.","PeriodicalId":42560,"journal":{"name":"Journal of Investment Management","volume":"7 1","pages":"108"},"PeriodicalIF":0.8,"publicationDate":"2018-08-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48450183","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}
{"title":"Customer Based Retail Brand Equity Dimensions on Retail Brand Equity of Pakistani Markets","authors":"Muhammad Umair, Mubarak Ahmad","doi":"10.11648/j.jim.20180703.15","DOIUrl":"https://doi.org/10.11648/j.jim.20180703.15","url":null,"abstract":"Customer brand equity become the major concept in last decades due to increase the competition and also rise in demands of the customer. This study investigate the impact of customer brand equity in Pakistan in embryonic areas and mature areas because in immature area customer preference change and in mature areas customer demands may also be differ so for checking the retailer base customer’s brand equity [RBCBE]. We select the two markets of Pakistan Hakim hyper Market [HHM] and Metro cash and carry [MCC]. Sample was selected 100 respondents in both Regression analyses; Pearson’s correlation and Cronbach alpha used for the purpose of the investigation and results reveal that market loyalty have positive impact on retail brand equity in backward areas while market association have strong positive impact on retail brand equity in advance areas.","PeriodicalId":42560,"journal":{"name":"Journal of Investment Management","volume":"7 1","pages":"102"},"PeriodicalIF":0.8,"publicationDate":"2018-08-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41605078","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}
{"title":"Research on Strategic Analysis and Decision Modeling of Venture Portfolio","authors":"L. Xiaobing, Tian Yingjie, Liu Manhong","doi":"10.11648/J.JIM.20180703.14","DOIUrl":"https://doi.org/10.11648/J.JIM.20180703.14","url":null,"abstract":"The value of risk project is usually uncertain, so venture investor must make investment decision based on prior estimation of future value of risk projects. This paper constructs a portfolio optimization model of risk projects considering the psychological characteristics of venture investors, and proposes a Bayesian method to deal with the uncertainty of value estimation in project portfolio selection, and utilizes Monte Carlo method to simulate the model as a linear integer programming problem. The study finds that, compared with portfolio selection based directly on ex ante value estimation, Bayesian modeling of project estimates of project value uncertainty can provide more accurate value estimates and use the resulting revised estimates to make portfolio decisions can help to select a project portfolio with a higher expected utility, eliminate the expected interval between the expected pre-expected utility and the expected utility of post-implementation, and reduce the degree of disappointment of venture investor's expected decision-making.","PeriodicalId":42560,"journal":{"name":"Journal of Investment Management","volume":"7 1","pages":"91"},"PeriodicalIF":0.8,"publicationDate":"2018-08-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41479432","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}
{"title":"Innovative Activity as a Means of Developing the Economic Potential of the Tourism Industry","authors":"Ismailov Adhambek Bakhramovich","doi":"10.11648/j.jim.20180703.13","DOIUrl":"https://doi.org/10.11648/j.jim.20180703.13","url":null,"abstract":"This article gives an overview of the peculiarities of the use of innovations in tourism and their role in improving the investment attractiveness of the tourism industry of the Republic of Uzbekistan. And also the article highlights different approaches of creating favorable investment conditions for the creation of innovative tourism products. In the article the role of tourism has been demonstrated in the development of regional economies and the current condition of tourism in the region is analyzed with different approaches and methods. Thus, the distinctive feature of the development of innovative activities in tourism from classical tourist activities is the creation of a new or improvement of the existing tourist product, the improvement of transport, hotel and other services, the development of new markets, the introduction of advanced information and telecommunications technologies and modern forms of organizational and managerial activity.","PeriodicalId":42560,"journal":{"name":"Journal of Investment Management","volume":"7 1","pages":"86"},"PeriodicalIF":0.8,"publicationDate":"2018-08-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42161498","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}
{"title":"Analysis on the Operation Modes and Strategies of China's Product Placement","authors":"Xu Meng","doi":"10.11648/J.JIM.20180703.12","DOIUrl":"https://doi.org/10.11648/J.JIM.20180703.12","url":null,"abstract":"When audiences are increasingly bored with mandatory advertisements for television programs, branding is vitally important to the company. Therefore, a new type of advertising named product placement has emerged. Compared with traditional advertisements, such advertisements can reduce the audience's resistance to advertisements. However, in real life, consumers are not satisfied with such kind of advertising due to various reasons.","PeriodicalId":42560,"journal":{"name":"Journal of Investment Management","volume":"7 1","pages":"81"},"PeriodicalIF":0.8,"publicationDate":"2018-08-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45759553","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}
{"title":"Non-traditional Types of Youth Tourism and Developing Problems of Tourism","authors":"N. Jabbarov","doi":"10.11648/J.JIM.20180703.11","DOIUrl":"https://doi.org/10.11648/J.JIM.20180703.11","url":null,"abstract":"In the article, nonconventional types and the basic problems of development of youth travel are considered. Thus, authors treat youth travel as an innovative direction of development of recreational sphere. Except for the presence of various tourist-recreational resources of the country allows developing almost all kinds of youth travel. The decision of this problem along with spiritual improvement of the nation is one of strategic problems, both on republican, and at regional level. Actual the problem of working out of the adaptive approach to the organization of tourist service of youth in Republic Uzbekistan thereupon is. The satisfaction of these requirements in the conditions of realization of social control should become priority from the state and accessible to youth. Participation in tourist campaigns, walks, country excursions, tourist meetings and competitions promotes spiritual and physical development, give skills of self-organizing, expand an outlook of the person and promote its improvement. It is necessary to notice also that amateur and sports tourism is as much as possible accessible to youth. Besides, tourism can be rather profitable branch of economy.","PeriodicalId":42560,"journal":{"name":"Journal of Investment Management","volume":"7 1","pages":"77"},"PeriodicalIF":0.8,"publicationDate":"2018-07-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48256901","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}
{"title":"Factors Affecting the Performance of Micro and Small Scale Enterprises: Experience from North Shewa Zone, Ethiopia","authors":"Woldetsadik Kagnew Abebaw, Sisay Mulate, Lemma Nigussie","doi":"10.11648/J.JIM.20180702.14","DOIUrl":"https://doi.org/10.11648/J.JIM.20180702.14","url":null,"abstract":"Research has shown that there are factors that contribute to success or failure in small enterprises in the government departments in the world. An environment conducive for the growth of MSEs is required, and this has necessitated an investigation into the factors affecting the performance of SMEs in North Shewa Zone, Ethiopia. The general objective of the study is to investigate factors that influencing the performance of micro and small enterprises in North Shewa Zone town, Ethiopia. The research used probability; strata sampling techniques. The researcher selected 386 respondents out of 11,244 populations. For data analysis, we have used OLS regression analysis Pearson correlation Coefficient. Based on the data collected from 386 MSEs in North Shewa Zone, Ethiopia, the results showed that there is a significant positive relationship between entrepreneurship, labour skill, infrastructure, finance, leadership skill and the performance of SMEs. This study recommends that the MSE businesses and government should effectively address the infrastructure especially in terms of electricity, work place, market place and roads in order to increase their performance.","PeriodicalId":42560,"journal":{"name":"Journal of Investment Management","volume":"7 1","pages":"70"},"PeriodicalIF":0.8,"publicationDate":"2018-06-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42202419","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}