In China, state governance in corporations serves the purpose of Party control over the political, social, and economic development and most importantly, stability of the country. Therefore, they have equally important corporate and social objectives. Both objectives must be controlled and...

In China, state governance in corporations serves the purpose of Party control over the political, social, and economic development and most importantly, stability of the country. Therefore, Chinese state owned firms have equally important corporate and social objectives. Both objectives must be...

Value at Risk (VaR) is defined as the worst expected loss under normal market conditions over a specific time interval at a given confidence level. Given the widespread usage of VaR, it becomes increasingly important to study the effects of the portfolio optimization subject to the VaR...