Using the life table method, we analyzed in this paper the survival of enterprises that were established from 1980 to 2007 in the Hunan province. Based on the quantile indicators, the average remaining firm lifespan in the specified period of time and the average survival time during a specific...

Let H be an infinite-dimensional real separable Hilbert space. Given an unknown mapping M:H (r)H that can only be observed with noise, we consider two modified Robbins-Monro procedures to estimate the zero point ?o ( H of M. These procedures work in appropriate finite dimensional sub-spaces of...

Recently, Foreign Invested Enterprises (FIEs) in China have increased their investment in not only production activity but also R&D activity. This paper examines the impact of spillovers from such activities on two types of innovations by Chinese domestic firms: Total Factor Productivity (TFP)...

In this study, we administered surveys to 47 Chinese enterprises in six industries related to their overseas investments and operations. The results indicate that a number of them have established overseas networks, expanded markets, and upgraded their technological capabilities through...

Purpose – The purpose of this paper is to examine the relationship between board alignment with shareholder interests using a new measure of perceived board effectiveness, which is designed to capture the alignment of the directors with the interests of shareholders....

Effectively predicting corporate financial distress is an important and challenging issue for companies. The research aims at predicting financial distress using the integrated model of rough set theory (RST) and support vector machine (SVM), in order to find a better early warning method and...

This paper introduces GARCH–EVT-Copula model and applies it to study the risk of foreign exchange portfolio. Multivariate Copulas, including Gaussian, t and Clayton ones, were used to describe a portfolio risk structure, and to extend the analysis from a bivariate to an n-dimensional asset...

Normal intuitionistic fuzzy numbers (NIFNs), which use normal fuzzy numbers to express their membership and non-membership functions, can reflect the evaluation information exactly in different dimensions. In this paper, we are committed to apply NIFNs to multi-criteria decision-making (MCDM)...

Multi-product-ordering problem with stochastic demand is often optimized by the expected cost reduction or the expected profit improvement, in most of previous works. Moreover, risk preference of decision maker is often ignored. Evidently, this approach is impracticable when the corresponding...