We examine the role of firms' government connections, defined by government intervention in CEO appointment and the status of state ownership, in determining the severity of financial constraints faced by Chinese firms. We demonstrate that government connections are associated with substantially...

In this research, a fuzzy interval-parameter approach considering constraint-violation and energy-substitution effects (FIP-CVESE) was developed for planning municipal energy systems, which was an integration of interval linear programming (ILP) and fuzzy linear programming (FLP), as well as...

It is common practise in industry for traders to use copula models combined with observed market prices to calculate implied correlations for firm defaults. The actual feasibility of this calculation depends on the assumption that there is a one-to-one mapping between values of CDO tranches and...

This paper uses a new data set of 12,000 firms in China to estimate the returns to research and development investment and its spillover effects, and investigates how the returns to research and development depend on firm incentives. For the firms in the sample, the results show that on average...

China is now the world's largest user of coal, and also has the highest greenhouse gas emissions associated with the mining and use of coal. In the mining sector, the interests of workforce safety coincide with those of GHG (greenhouse gas) management. While the traditional approach to ensuring...

This paper examines the role of firms'government connections, defined by government intervention in the appointments of Chief Executive Officers and the status of state ownership, in determining the severity of financial constraints faced by Chinese firms. In line with the previous literature,...

Convergence speed and diversity of nondominated solutions are two important performance indicators for Multi-Objective Evolutionary Algorithms (MOEAs). In this paper, we propose a Resource Allocation (RA) model based on Game Theory to accelerate the convergence speed of MOEAs, and a novel...

Health Information eXchange (HIX) is a part of Happiness Cloud Service Platform of Happiness Guangdong in Guangdong Province of China based on innovation of cloud-based business model. This article illustrates the hospital health care business services system based on cloud computing. major...

The progress in wave energy technologies in China during the past decade is briefly reviewed. And the description is focused on the wave energy resource and the current status of wave energy in China. The difficulties facing wave energy developments in China are summarized. The national policy...