The innovation of organizational model of tobacco production is the key to realization of sustainable development of tobacco production in China. From the perspective of sustainable development, we analyze the necessity of innovation of organizational model of tobacco production, put forward the...

We show that when investors review their consumption and investment plans infrequently at different points in time with interim information flows, the standard consumption-based capital asset pricing model (CCAPM) will continue to hold only at those points in time when all investors review their...

In this paper, the global exponential stability is investigated for the bi-directional associative memory networks with time delays. Several new sufficient conditions are presented to ensure global exponential stability of delayed bi-directional associative memory neural networks based on the...

This study investigates the relationship between private benefits and institutional ownership change in markets characterized by different investors’ sentiments. High-sentiment markets tend to overvalue a firm and thereby offer institutional investors a chance to sell shares and profit from...

In this paper, a new trust region method for the system of nonlinear equations is presented in which the determining of the trust region radius incorporates the information of its natural residual. The global convergence is obtained under mild conditions. Unlike traditional trust region method,...

Purpose -The last decade witnessed the reform of China's financial sector, during which Chinese commercial banks’ ownership and operation had been significantly changed in order to improve efficiency. The purpose of this paper is to investigates whether these banks have improved their...

Solar radiation is an important input for various land-surface energy balance models. Global solar radiation data retrieved from the Japanese Geostationary Meteorological Satellite 5 (GMS-5)/Visible and Infrared Spin Scan Radiometer (VISSR) has been widely used in recent years. However, due to...

The relationship between family ownership and business expansion is the subject of controversy among researchers. This article expands on the mediating role of financing preference in the context of family small and medium enterprises (SMEs) in China. In the research programme, the relationship...