中国经济评论:英文版最新文献_第10页

On the Issue of Commercial Insurance and Commercial Insurance Market in the Slovak Republic 斯洛伐克商业保险与商业保险市场问题研究

中国经济评论:英文版 Pub Date : 2018-03-28 DOI: 10.17265/1537-1506/2018.03.003

B. Drugdová

{"title":"On the Issue of Commercial Insurance and Commercial Insurance Market in the Slovak Republic","authors":"B. Drugdová","doi":"10.17265/1537-1506/2018.03.003","DOIUrl":"https://doi.org/10.17265/1537-1506/2018.03.003","url":null,"abstract":"The article is concentrated on the Slovak commercial insurance, commercial insurance market, non-life insurance, and international risks on the Slovak Republic. Since 1 May 2004, the Slovak insurance market has been part of the uniform European Union insurance market, which includes over 5,000 insurance companies. After Slovakia’s admission to the European Union, several legislative changes have been adopted in the area of commercial insurance industry, which also influenced non-life insurance and the insurance of international risks as part of non-life risks. The most recent act in the area of commercial insurance mentioned in the paper is the Act of the National Council SR No. 39/2015 Coll. on Insurance, in which there are legislative changes in life and also non-life insurance. Basic terms are defined and commented on in the first two chapters (Lowry, Rawlings, & Merkin, 2015). The nature of international risks as part of non-life risks is described in the second chapter. International risks are classified in the third chapter; international risks are subdivided in the paper into commercial or trade risks, political and economic risks, and special types of risks.","PeriodicalId":64249,"journal":{"name":"中国经济评论:英文版","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2018-03-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48148977","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 Effects of Gross vs. Net Asset Value-Based Managers’ Compensation on REIT Capital Structure and Performance. Evidence from the Italian REIT Market 基于总资产价值与净资产价值的经理人薪酬对REIT资本结构和绩效的影响。意大利房地产投资信托市场的证据

中国经济评论:英文版 Pub Date : 2018-02-28 DOI: 10.17265/1537-1506/2018.02.001

Massimo Biasin, A. Quaranta

{"title":"The Effects of Gross vs. Net Asset Value-Based Managers’ Compensation on REIT Capital Structure and Performance. Evidence from the Italian REIT Market","authors":"Massimo Biasin, A. Quaranta","doi":"10.17265/1537-1506/2018.02.001","DOIUrl":"https://doi.org/10.17265/1537-1506/2018.02.001","url":null,"abstract":"Investors should always argue about management fees because of their impact on net performance that can be substantial. This especially for investments, like real estate, which require intensive management. However, different from traditional mutual funds that are usually related to the gross value of the assets under management, but similar to other financial industry sectors (e.g. hedge funds and private equity funds), REIT managers’ compensation structure typically provides a basically fixed payment based alternatively on gross asset value (GAV) or net asset value (NAV). In addition, managers usually also gain a performance fee. The paper analyses how the two alternative compensation schemes influence REITs’ investment decisions and capital structure and, consequently, REITs’ share value and performance. The final issue addressed is whether—and under which conditions—one compensation scheme is superior to the other. Due to the (usual) market price discount on NAVs, both fee structures incentivise managers to leverage—even in a tax-free environment—in order to maximize the management fees. However, the leverage motivation is stronger for GAV-based than for NAV-based REITs, which are also expected to be more selective in investment decisions. Overall, considering initial fee percentage, GAV-based REITs are expected to execute higher management fees than NAV-based REITs due to the relevant leverage effect. Moreover, debt recourse produces different effects on share value if measured upon market price or net asset value. The empirical analysis focuses on public Italian REITs (2002-2012). The results seem to support the theoretical expectations. GAV-based REITs experience higher debt trends and levels than NAV-based REITs. At the same time, GAV-based REITs register lower real estate asset returns gross and net of management fees for both current and growth yields. Differences in the returns lead to permanent higher performances over total return indexes of NAV-based REITs compared to GAV-based REITs.","PeriodicalId":64249,"journal":{"name":"中国经济评论:英文版","volume":"17 1","pages":"53-75"},"PeriodicalIF":0.0,"publicationDate":"2018-02-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48979880","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

Share of Wallet in FMCGs Retailing: Proposing a Conceptual Model 快速消费品零售中的钱包份额:提出一个概念模型

中国经济评论:英文版 Pub Date : 2018-02-28 DOI: 10.17265/1537-1506/2018.02.003

Vincenzo Basile

{"title":"Share of Wallet in FMCGs Retailing: Proposing a Conceptual Model","authors":"Vincenzo Basile","doi":"10.17265/1537-1506/2018.02.003","DOIUrl":"https://doi.org/10.17265/1537-1506/2018.02.003","url":null,"abstract":"Recent years, the Marketing Science Institute considered marketing performance measurement (MPM) a priority in marketing research and managerial practice. Several contributions on the same topic have been proposed in literature. The ability to measure the marketing performance is considered, a cognitive gap that determined a decrease of marketing relevance within firm and organizations. Based on relevant literature on retailing and an explorative case study, it will be proposed a conceptual and pragmatic model to investigate MPM for a consumer goods retailer. The model is aimed to identify antecedents of “share of purchase”, “share of wallet”, and “share of visit”. An early test of the model has been carried out on three Italian leading chains: Superò, a master franchisee of SMA Spa (owned of 27 small supermarkets under control of the French Auchan Group), Decò-Multicedi (the Group is a multi-channel company based on network of five Ad Hoc cash & carry centers, 253 Decò outlets and three Ayoka pet shops) located in Campania Region. “U2” (the outlets label of Unes Spa, Finiper Group, operating mostly in northern Italy, with a chain of more than 190 direct and franchise supermarkets).","PeriodicalId":64249,"journal":{"name":"中国经济评论:英文版","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2018-02-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43038716","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 International Financial Reporting Standards Application on Education Accounting in Indonesia 国际财务报告准则的应用对印尼教育会计的影响

中国经济评论:英文版 Pub Date : 2018-02-28 DOI: 10.17265/1537-1506/2018.02.002

Abdillah, Arif, Nasution, Wardayani, Zul, Azmi, Iskandar, Muda

引用次数: 0

Four Rare and Unusual Dedications From Areas of Viminacium and Nais 四个罕见的和不寻常的奉献来自乙烯和乙烯地区

中国经济评论:英文版 Pub Date : 2018-02-28 DOI: 10.17265/1537-1506/2018.02.004

Radmila Zotović

{"title":"Four Rare and Unusual Dedications From Areas of Viminacium and Nais","authors":"Radmila Zotović","doi":"10.17265/1537-1506/2018.02.004","DOIUrl":"https://doi.org/10.17265/1537-1506/2018.02.004","url":null,"abstract":"In the areas of Viminacium and Nais four rare and unusual votive dedications were identified. These are the dedications Deus Aeternus, Dii Angeli, Hero (Viminacium), and Atta (Naissus). The dedications Deus Aeternus and Dii Angeli may perhaps indicate Christianity, while the dedications Hero and Atta may indicate settlers of Greek origin. The dedication to goddess Atta could have been made by a freed man, since her cult was to an extent related to the cult of Heracles who, thanks to his loyal service to Omphale, where he was to repent his sins, was freed from slavery, and thus was also a protector of freed man. Main methodological approach in this paper is the analysis of cults as well as their backgrounds as conditions for their realisation. Until now for the territory of Serbia there was not corpus of analyzing cults. There is only corpus of grave and votive monuments for the territory of Serbia with very rare and sporadic comments of cult. So, the main topic of this article is analyzing of cults. It includes the main meaning of the cult, dateing of monuments and historical and archeological backgrounds of the cults. At the same time it was the main method in the analyzing of the mentioned votive monuments. By this method as the result appeared the dateing of the monuments and improvement of existing Greek settlers. At the same time there were the main research questions which should be ensolved. For ensolved the dateing of the monuments was used the system of analyzing syllabic formulae and for the improvement of existing Greek settlers the method of “healty mind” and connections of analogies. As a result the dateing of monuments of Deus Aeternus, Dii Angeli, and Hero was early 2-nd century, and for Atta from the beginning of 2-nd to the end of 3-rd century.","PeriodicalId":64249,"journal":{"name":"中国经济评论:英文版","volume":"17 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2018-02-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41833736","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

Assessing Probabilities of Unique Events in Decision Making 评估决策中唯一事件的概率

中国经济评论:英文版 Pub Date : 2018-01-28 DOI: 10.17265/1537-1506/2018.01.003

W. Hughes

引用次数: 0

Causal Relationship Between Electricity Production and Macroeconomic Indicators: Cross Countries Analysis 电力生产与宏观经济指标的因果关系:跨国分析

中国经济评论:英文版 Pub Date : 2018-01-28 DOI: 10.17265/1537-1506/2018.01.001

Mudassira Sarfraz, A. Nowak

引用次数: 0

Review of U.S. Apparel and Textile Imports From China and Three Other Regions, 1995-2006 1995-2006年美国从中国和其他三个地区进口服装和纺织品的审查

中国经济评论:英文版 Pub Date : 2018-01-28 DOI: 10.17265/1537-1506/2018.01.002

Shu-Hwa Lin

引用次数: 0

Forecasting International Tourism Regional Expenditure 国际旅游区域消费预测

中国经济评论:英文版 Pub Date : 2018-01-28 DOI: 10.17265/1537-1506/2018.01.004

Benjamin Ognjanov, Yihong Tang, L. Turner

引用次数: 7

Abuses of Women in Inheritance Across Cultures: An Exploratory Study of Its Prevalence and Religious Panacea 跨文化继承中的妇女虐待:其普遍性和宗教灵丹妙药的探索性研究

中国经济评论:英文版 Pub Date : 2017-12-28 DOI: 10.17265/1537-1506/2017.12.004

P. S. Akorede, A. A. Muinat

{"title":"Abuses of Women in Inheritance Across Cultures: An Exploratory Study of Its Prevalence and Religious Panacea","authors":"P. S. Akorede, A. A. Muinat","doi":"10.17265/1537-1506/2017.12.004","DOIUrl":"https://doi.org/10.17265/1537-1506/2017.12.004","url":null,"abstract":"The patriarchal nature of African society generally lays emphasis on the superiority of men over women in every sphere of life. When a woman dies, in most African societies, her legacy is usually inherited by the husband, children, and her family. But if a man dies, the widow, usually experiences false accusations of killing her husband to deny her share of her husband’s properties. This paper examines how the dynamics of cultural practices in Nigeria promotes abuse of inheritance rights of women and discusses the possibilities of using Islamic inheritance rules as a divine solution to the abuse of inheritance rights of women. The research questions as follows: what is the nature of women’s rights to father’s estate? What is the nature of widow’s right to the husband’s estate? What is your perception about the Islamic law of inheritance? The data for this study were collected using questionnaire and simple percentage was used for the analysis. In this respect, a questionnaire was administered to 220 women who were purposely selected from the three major tribes in Lagos state, Nigeria. The result showed that various cultures in Nigeria favour male child, grant male higher rights to land and other properties and promote abuse of inheritance rights against women.","PeriodicalId":64249,"journal":{"name":"中国经济评论:英文版","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2017-12-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48315281","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