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Consumption Concept and People’s Choice of Financial Assets: A Research Based on CHFS 2011  [PDF]
Pan Zhu
Open Journal of Social Sciences (JSS) , 2016, DOI: 10.4236/jss.2016.44020
Abstract: As an important part of culture, consumption concept can not only influence people’s attitude about worth and wealth, but also their economical behavior and financial decisions. Based on CHFS2011 database, this paper analyzes the relationship between consumption concept and people’s choice of financial assets. The empirical results of this paper show that those who hold forward and positive consumption concept are more willing to hold risk assets than those who hold traditional and conservative consumption concept.
Pantelyeyev V. P,Lepilin M. H.
Economics of Development , 2011,
Abstract: Protection algorithms for the assets and the business entities’ equity guarantee the inviolability of the owners’ private property rights, the inability of the wrongful seizure of the founders’ property, the security of the financial condition integrity and the equity of business entities.Financial risks determine the entities’ reactions that define the effects of financial security blunders. Each reaction corresponds to the effect of its own financial blunders. A general algorithm for financial security is defined by the steps and the events.General principles that define financial security make programs to counteract the influence of the market and the changes in financial stability and independence; to preserve the subjects’ finance and to maintain the owners’ requirements.
Case Study of Financial Planning and Design in Power Assets Integration  [PDF]
Chaozhong Wang
American Journal of Industrial and Business Management (AJIBM) , 2015, DOI: 10.4236/ajibm.2015.57047
Abstract: Financial planning plays an important role in assets integration. On the basis of destination of assets integration, financial planning plays a role in object selecting, integration method, assets segmentation, creditor’s right and counter-performance disposal. Among them, the core part is integration methods selecting and assets segmentation, which determine the design and performance of the integration project. The article makes a research about how NYH integrates cases and proclaims the progress of financial planning in power assets integration. The research shows that good financial planning can not only reach the assets integration goal, but also decrease the risk and cost of assets integration.
Credit Constraints and Household Selection of Financial Assets  [PDF]
Guofei Wang
Open Journal of Social Sciences (JSS) , 2016, DOI: 10.4236/jss.2016.42009
Abstract: Based on the micro-data of China Household Finance Survey, this paper analyzes the effects of credit constraints on household selection of financial assets empirically. The results show that credit constraints have the significant negative impact on participation rate and allocation ratio of savings, stock, risky financial assets. Credit constraints keep families from holding much savings. Those families who face credit constraints have to use their own money to meet the demand of funds without bank loans. Those families who face credit constraints are no willing to invest in stock market and hold less risky assets because of their lower risk tolerance. Besides, credit constraints can increase the participation rate of informal borrowing and reduce household private lending. There are few domestic articles analyzing the relationship between credit constraints and household selection of financial assets. Therefore, this paper can be more of reference value for the follow-up study. Meanwhile, the results show that reducing credit constraints is helpful for the household participation in capital market.
Modeling financial assets without semimartingales  [PDF]
Rosanna Coviello,Francesco Russo
Mathematics , 2006,
Abstract: This paper does not suppose a priori that the evolution of the price of a financial asset is a semimartingale. Since possible strategies of investors are self-financing, previous prices are forced to be finite quadratic variation processes. The non-arbitrage property is not excluded if the class ${\cal A}$ of admissible strategies is restricted. The classical notion of martingale is replaced with the notion of ${\cal A}$-martingale. A calculus related to ${\cal A}$-martingales with some examples is developed. Some applications to the maximization of the utility of an insider are expanded.
Scientific Annals of the Alexandru Ioan Cuza University of Iasi : Economic Sciences Series , 2010,
Abstract: In conditions of fast technical progress, the financial leasing has become a necessary element so as to finance the investments, and towards a real economic growth. The financial leasing has generated within the lessee accountancy both exploitation expenses as regards the amortization afferent to the assets, as well as the financial expenses. The main objective of this paper consists in emphasizing the issues the amortization of the asset taken by financial leasing, in accordance to the international standards, specific to the leasing, tangible assets and depreciation of assets. An especial attention should be dedicated to the result, where changing the useful lifetime of the assets on financial leasing regime has effects over the truthful reflection of financial position and performances of a lessee. One might also outline that the time of asset utilization represents a factor, which has influenced the decision of refinancing by leasing.
Framework for Assessing Financial Literacy and Superannuation Investment Choice Decisions
Natalie Gallery,Cameron Newton,Chrisann Palm
Australasian Accounting Business and Finance Journal , 2011,
Abstract: There is a worldwide trend towards rapidly growing defined contribution pension funds in terms of assets andmembership, and the choices available to individuals. This has shifted the decisionmaking responsibility tofund members for managing the investment of their retirement savings. This change has given rise to aphenomenon where most superannuation fund members are responsible for either actively choosing orpassively relying on their funds’ default investment options. Prior research identifies that deficiencies infinancial literacy is one of the causes of inertia in financial decision-making and findings from internationaland Australian studies show that financial illiteracy is wide-spread. Given the potential significant economicand social consequences of poor financial decision-making in superannuation matters, this paper proposes aframework by which the various demographic, social and contextual factors that influence fund members’financial literacy and its association with investment choice decisions are explored. Enhanced theoretical andempirical understanding of the factors that are associated with active/passive investment choice decisionswould enable development of well-targeted financial education programs.
Testing the Gaussian Copula Hypothesis for Financial Assets Dependences  [PDF]
Y. Malevergne,D. Sornette
Physics , 2001, DOI: 10.1088/1469-7688/3/4/301
Abstract: Using one of the key property of copulas that they remain invariant under an arbitrary monotonous change of variable, we investigate the null hypothesis that the dependence between financial assets can be modeled by the Gaussian copula. We find that most pairs of currencies and pairs of major stocks are compatible with the Gaussian copula hypothesis, while this hypothesis can be rejected for the dependence between pairs of commodities (metals). Notwithstanding the apparent qualification of the Gaussian copula hypothesis for most of the currencies and the stocks, a non-Gaussian copula, such as the Student's copula, cannot be rejected if it has sufficiently many ``degrees of freedom''. As a consequence, it may be very dangerous to embrace blindly the Gaussian copula hypothesis, especially when the correlation coefficient between the pair of asset is too high as the tail dependence neglected by the Gaussian copula can be as large as 0.6, i.e., three out five extreme events which occur in unison are missed.
The Current Financial Crisis and Its Potential Impact on Internally Generated Intangible Assets  [cached]
Rossen R. Petkov
International Journal of Business and Management , 2011, DOI: 10.5539/ijbm.v6n3p37
Abstract: Many experts consider that the lack of accounting for internally generated intangible assets is, among other factors, to be blamed for the current financial crises. The current accounting regulators have not taken the initiative towards creation of new accounting standard to identify or to allow the capitalization, recognition and/or disclosure of these assets. This failure to properly identify, measure, and/or recognize the activities associated with intangible assets, appear at a time when the accounting standards are in the process of regulatory adjustments due to different view and ideas originating by the SEC, FASB and IASB. This paper explores some of the conceptual issues related to the initial identification of internally generated intangible assets. In addition, we propose an approach to recognize these assets in the financial statements using a hypothetical business combination approach.
Some Aspects regarding the Derecognition of Financial Assets According to IAS 39  [PDF]
Scientific Annals of the Alexandru Ioan Cuza University of Iasi : Economic Sciences Series , 2006,
Abstract: Accounting for financial assets has undergone a real revolution since the publication of IAS 39 “Financial Instruments: Recognition&Measurement”. Particularly, the rules concerning the derecognition of these assets are entirely new and complex and therefore not easily applicable. They are based upon the principle of “substance over form” which is not very used in our country.This paper deals with these new rules and presents them in a light that is meant to facilitate their understanding by the Romanian accountants.
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