WorldWideScience

Sample records for agreement investment scale

  1. China-ASEAN investment agreement negotiations

    Institute of Scientific and Technical Information of China (English)

    CHEN Huiping

    2006-01-01

    China and the ASEAN are negotiating to establish a free trade area and an investment agreement is an integral part of it.The ongoing investment agreement negotiations have achieved some basic consensus as to specific contents of the agreement.However,due to the procedural obstacles and substantive controversies,the negotiations have become stagnant.In order to reach a final and successful conclusion of the investment agreement,the procedural obstacles should be' overcome and the substantive controversies be settled since the agreement has economic and political implications for both China and the ASEAN.

  2. 32 CFR 21.680 - Technology investment agreements.

    Science.gov (United States)

    2010-07-01

    ... 32 National Defense 1 2010-07-01 2010-07-01 false Technology investment agreements. 21.680 Section... AGREEMENT REGULATIONS DoD GRANTS AND AGREEMENTS-GENERAL MATTERS Definitions § 21.680 Technology investment... of the nation's technology and industrial base. Technology investment agreements include one kind...

  3. 32 CFR 37.1375 - Technology investment agreements.

    Science.gov (United States)

    2010-07-01

    ... 32 National Defense 1 2010-07-01 2010-07-01 false Technology investment agreements. 37.1375... AGREEMENT REGULATIONS TECHNOLOGY INVESTMENT AGREEMENTS Definitions of Terms Used in This Part § 37.1375 Technology investment agreements. A special class of assistance instruments used to increase involvement...

  4. 10 CFR 603.1340 - Technology investment agreement.

    Science.gov (United States)

    2010-01-01

    ... 10 Energy 4 2010-01-01 2010-01-01 false Technology investment agreement. 603.1340 Section 603.1340 Energy DEPARTMENT OF ENERGY (CONTINUED) ASSISTANCE REGULATIONS TECHNOLOGY INVESTMENT AGREEMENTS Definitions of Terms Used in this Part § 603.1340 Technology investment agreement. A TIA is a special type...

  5. 24 CFR 92.501 - HOME Investment Partnership Agreement.

    Science.gov (United States)

    2010-04-01

    ... 24 Housing and Urban Development 1 2010-04-01 2010-04-01 false HOME Investment Partnership... Housing and Urban Development HOME INVESTMENT PARTNERSHIPS PROGRAM Program Administration § 92.501 HOME Investment Partnership Agreement. Allocated and reallocated funds will be made available pursuant to a...

  6. Foreign investment issues in the Australia-United States Free Trade Agreement

    OpenAIRE

    Thomas Westcott

    2005-01-01

    This article looks at the investment chapter of the Australia-United States Free Trade Agreement (AUSFTA) and discusses the bilateral investment relationship, the AUSFTA negotiating process and the investment policy outcomes. The article concludes that the investment chapter in AUSFTA will be an important influence on future bilateral, plurilateral and multilateral treaty negotiations on investment.

  7. 32 CFR 37.110 - What type of instruments are technology investment agreements (TIAs)?

    Science.gov (United States)

    2010-07-01

    ... 32 National Defense 1 2010-07-01 2010-07-01 false What type of instruments are technology investment agreements (TIAs)? 37.110 Section 37.110 National Defense Department of Defense OFFICE OF THE SECRETARY OF DEFENSE DoD GRANT AND AGREEMENT REGULATIONS TECHNOLOGY INVESTMENT AGREEMENTS General §...

  8. Protecting policy space for public health nutrition in an era of international investment agreements.

    Science.gov (United States)

    Thow, Anne Marie; McGrady, Benn

    2014-02-01

    Philip Morris has recently brought claims against Australia (2011) and Uruguay (2010) under international investment agreements (IIAs). The claims allege that Philip Morris is entitled to compensation following the introduction of innovative tobacco packaging regulations to reduce smoking and prevent noncommunicable diseases (NCDs). Since tobacco control measures are often viewed as a model for public health nutrition measures, the claims raise the question of how investment law governs the latter. This paper begins to answer this question and to explain how governments can proactively protect policy space for public health nutrition in an era of expanding IIAs. The authors first consider the main interventions proposed to reduce diet-related NCDs and their intersection with investment in the food supply chain. They then review the nature of investment regimes and relevant case law and examine ways to maximize policy space for public health nutrition intervention within this legal context. As foreign investment increases across the food-chain and more global recommendations discouraging the consumption of unhealthful products are issued, investment law will increase in importance as part of the legal architecture governing the food supply. The implications of investment law for public health nutrition measures depend on various factors: the measures themselves, the terms of the applicable agreements, the conditions surrounding the foreign investment and the policies governing agricultural support. This analysis suggests that governments should adopt proactive measures--e.g. the clarification of terms and reliance on exceptions--to manage investment and protect their regulatory autonomy with respect to public health nutrition.

  9. How does the design of international environmental agreements affect investment in environmentally friendly technologies?

    OpenAIRE

    Bayramoglu, Basak

    2007-01-01

    URL des Documents de travail : http://centredeconomiesorbonne.univ-paris1.fr/documents-de-travail/; Documents de travail du Centre d'Economie de la Sorbonne 2007.30 - ISSN : 1955-611X; This paper studies the link between the design of international environmental agreements and the incentives for the private sector to invest in cleaner technologies. More specifically, it compares the performance, in the Pareto sense, of two types of agreement: an agreement on a uniform standard with transfers ...

  10. 25 CFR 1000.398 - May a Tribe/Consortium invest funds received under a self-governance agreement?

    Science.gov (United States)

    2010-04-01

    ... 25 Indians 2 2010-04-01 2010-04-01 false May a Tribe/Consortium invest funds received under a self-governance agreement? 1000.398 Section 1000.398 Indians OFFICE OF THE ASSISTANT SECRETARY, INDIAN AFFAIRS... invest funds received under a self-governance agreement? Yes, self-governance funds may be invested...

  11. Chinalco Signed Agreement with Guangxi Autonomous Region to Drive Forward Cooperation in Investment Project

    Institute of Scientific and Technical Information of China (English)

    2014-01-01

    <正>Recently,the Aluminum Corporation of China Limited and the People’s Government of Guangxi Zhuang Autonomous Region held signing ceremony for investment cooperation agreement in Nanning City.Luo Jianchuan,member of the CPC Party Leadership Group of Chinalco and President of Chinalco,and Chen Gang,Vice Chairman of the People’s Government of Guangxi Zhuang Autonomous

  12. 78 FR 23954 - U.S.-EU Transatlantic Trade and Investment Partnership Agreement: Advice on the Probable Economic...

    Science.gov (United States)

    2013-04-23

    ... COMMISSION U.S.-EU Transatlantic Trade and Investment Partnership Agreement: Advice on the Probable Economic... investigation Nos. TA-131-037 and TA-2104-029, U.S.-EU Transatlantic Trade and Investment Partnership Agreement... Union (EU) member states. More specifically, the USTR, under authority delegated by the President...

  13. Scales of degree of facial paralysis: analysis of agreement

    Directory of Open Access Journals (Sweden)

    Kércia Melo de Oliveira Fonseca

    2015-06-01

    Full Text Available INTRODUCTION: It has become common to use scales to measure the degree of involvement of facial paralysis in phonoaudiological clinics. OBJECTIVE: To analyze the inter- and intra-rater agreement of the scales of degree of facial paralysis and to elicit point of view of the appraisers regarding their use. METHODS: Cross-sectional observational clinical study of the Chevalier and House & Brackmann scales performed by five speech therapists with clinical experience, who analyzed the facial expression of 30 adult subjects with impaired facial movements two times, with a one week interval between evaluations. The kappa analysis was employed. RESULTS: There was excellent inter-rater agreement for both scales (kappa > 0.80, and on the Chevalier scale a substantial intra-rater agreement in the first assessment (kappa = 0.792 and an excellent agreement in the second assessment (kappa = 0.928. The House & Brackmann scale showed excellent agreement at both assessments (kappa = 0.850 and 0.857. As for the appraisers' point of view, one appraiser thought prior training is necessary for the Chevalier scale and, four appraisers felt that training is important for the House & Brackmann scale. CONCLUSION: Both scales have good inter- and intra-rater agreement and most of the appraisers agree on the ease and relevance of the application of these scales.

  14. International investment agreements and public health: neutralizing a threat through treaty drafting.

    Science.gov (United States)

    Mercurio, Bryan

    2014-07-01

    The high profile investment claims filed by Philip Morris challenging Uruguayan and Australian measures that restrict advertising and logos on tobacco packaging awakened the public health community to the existence and potential detrimental impact of international investment agreements (IIAs). More recently, Eli Lilly challenged Canada's invalidation of a pharmaceutical patent under an IIA. All of the cases claim that the intellectual property rights of the investor were infringed. As a result of these cases, many commentators and activists view IIAs as a threat to public health and have lobbied against their inclusion in ongoing trade negotiations. This article does not argue against IIAs. Instead, it seeks to demonstrate how more sophisticated treaty drafting can neutralize the threat to public health. In this regard, the article seeks to engage members of the public health community as campaigners not against IIAs but as advocates of better treaty drafting to ensure that IIAs do not infringe upon the right of a nation to take non-discriminatory measures for the promotion and protection of the health of their populations.

  15. Including investment risk in large-scale power market models

    DEFF Research Database (Denmark)

    Lemming, Jørgen Kjærgaard; Meibom, P.

    2003-01-01

    the analyses quantitatively, a framework based on an iterative interaction between the equilibrium model and a separate risk-adjustment module was constructed. To illustrate the features of the proposed modelling approach we examined how uncertainty in demand and variable costs affects the optimal choice......Long-term energy market models can be used to examine investments in production technologies, however, with market liberalisation it is crucial that such models include investment risks and investor behaviour. This paper analyses how the effect of investment risk on production technology selection...... can be included in large-scale partial equilibrium models of the power market. The analyses are divided into a part about risk measures appropriate for power market investors and a more technical part about the combination of a risk-adjustment model and a partial-equilibrium model. To illustrate...

  16. Investments

    CERN Document Server

    Bodie, Zvi

    2013-01-01

    The integrated solutions for Bodie, Kane, and Marcus' Investments set the standard for graduate/MBA investments textbooks. The unifying theme is that security markets are nearly efficient, meaning that most securities are priced appropriately given their risk and return attributes. The content places greater emphasis on asset allocation and offers a much broader and deeper treatment of futures, options, and other derivative security markets than most investment texts. McGraw-Hill's adaptive learning component, LearnSmart, provides assignable modules that help students master chapter core concepts and come to class more prepared. Bodie Investments' blend of practical and theoretical coverage combines with a complete digital solution to help your students achieve higher outcomes in the course

  17. Scale economies in pension fund investments: A dissection of investment costs across asset classes

    NARCIS (Netherlands)

    Broeders, D.; van Oord, A.; Rijsbergen, D.

    2015-01-01

    Using a unique dataset of 225 Dutch occupational pension funds with a total of 928 billion euro of assets under management, we provide a comprehensive analysis of the relation between investment costs and pension fund size. Our dataset is free from self-reporting biases and decomposes investment cos

  18. Food security through large scale investments in agriculture

    Science.gov (United States)

    Rulli, M.; D'Odorico, P.

    2013-12-01

    Most of the human appropriation of freshwater resources is for food production. There is some concern that in the near future the finite freshwater resources available on Earth might not be sufficient to meet the increasing human demand for agricultural products. In the late 1700s Malthus argued that in the long run the humanity would not have enough resources to feed itself. Malthus' analysis, however, did not account for the emergence of technological innovations that could increase the rate of food production. The modern and contemporary history has seen at least three major technological advances that have increased humans' access to food, namely, the industrial revolution, the green revolution, and the intensification of global trade. Here we argue that a fourth revolution has just started to happen. It involves foreign direct investments in agriculture, which intensify the crop yields of potentially highly productive agricultural lands by introducing the use of more modern technologies. The increasing demand for agricultural products and the uncertainty of international food markets has recently drawn the attention of governments and agribusiness firms toward investments in productive agricultural land, mostly in the developing world. The targeted countries are typically located in regions that have remained only marginally utilized because of lack of modern technology. It is expected that in the long run large scale land acquisitions for commercial farming will bring the technology required to close the existing yield gaps. While the extent of the acquired land and the associated appropriation of freshwater resources have been investigated in detail, the amount of food this land can produce and the number of people it could feed still need to be quantified. Here we use a unique dataset of verified land deals to provide a global quantitative assessment of the rates of crop and food appropriation potentially associated with large scale land acquisitions. We

  19. Scale determinants of fiscal investment in geological exploration: evidence from China.

    Science.gov (United States)

    Lu, Linna; Lei, Yalin

    2013-01-01

    With the continued growth in demand for mineral resources and China's efforts in increasing investment in geological prospecting, fiscal investment in geological exploration becomes a research hotspot. This paper examines the yearly relationship among fiscal investment in geological exploration of the current term, that of the last term and prices of mining rights over the period 1999-2009. Hines and Catephores' investment acceleration model is applied to describe the scale determinants of fiscal investment in geological exploration which are value-added of mining rights, value of mining rights and fiscal investment in the last term. The results indicate that when value-added of mining rights, value of mining rights or fiscal investment in the last term moves at 1 unit, fiscal investment in the current term will move 0.381, 1.094 or 0.907 units respectively. In order to determine the scale of fiscal investment in geological exploration for the current year, the Chinese government should take fiscal investment in geological exploration for the last year and the capital stock of the previous investments into account. In practice, combination of government fiscal investment in geological exploration with its performance evaluation can create a virtuous circle of capital management mechanism.

  20. Commercial mortgages: An underutilized channel for scaling energy efficiency investments?

    Energy Technology Data Exchange (ETDEWEB)

    Mathew, Paul; Wallace, Nancy; Alschuler, Elena; Kolstad, Leonard

    2016-02-01

    Commercial mortgages currently do not fully account for energy factors in underwriting and valuation, particularly as it relates to the impact of energy costs and volatility on an owner’s net operating income. As a consequence, energy efficiency is not properly valued and energy risks are not properly assessed and mitigated. Commercial mortgages are a large lever and could be a significant channel for scaling energy efficiency investments. A pilot analysis of loans with different mortgage contract structures and locations showed that when energy cost volatility was included in mortgage valuation, a 20% reduction in energy use resulted in a 1.3% average increase in mortgage value. This suggests that the explicit inclusion of energy use and volatility in mortgage valuation can send a strong price signal that financially rewards and values energy efficiency in commercial properties. This paper presents findings from a scoping study addressing energy factors in commercial mortgages. First, we present a review of current practices as it relates to incorporating energy factors into commercial mortgage underwriting and valuation. Next, we detail the impacts of energy factors on property values, net operating income and mortgage valuation. Building operational practices alone can result in energy use variations from -17% to 87%. Finally, we present a set of proposed interventions to properly address energy factors in commercial mortgages, based on extensive discussions with stakeholders including mortgage originators, underwriters, building owners and regulators.

  1. Large Scale Investments in Infrastructure : Competing Policy regimes to Control Connections

    NARCIS (Netherlands)

    Otsuki, K.; Read, M.L.; Zoomers, E.B.

    2016-01-01

    This paper proposes to analyse implications of large-scale investments in physical infrastructure for social and environmental justice. While case studies on the global land rush and climate change have advanced our understanding of how large-scale investments in land, forests and water affect natur

  2. Efficient capacity investment and joint production agreements in an oligopolistic electricity market: The HidroAysen joint venture project

    Energy Technology Data Exchange (ETDEWEB)

    Raineri, Ricardo [Departamento de Ingenieria Industrial y de Sistemas, Escuela de Ingenieria, Pontificia Universidad Catolica de Chile, Vicuna Mackenna 4860, Macul, Santiago (Chile); Contreras, Gonzalo [Escuela de Ingenieria, Pontificia Universidad Catolica de Chile, Vicuna Mackenna 4860, Macul, Santiago (Chile)

    2010-11-15

    We develop a model for a power market with the characteristics of the Chilean power supply industry, which is an integrated system with a system operator (SO) with a vast authority to define the dispatch of the system. We evaluate whether a large joint power generator project made up by the two largest power generators is an anti-competitive project. Considering four investment technologies for power generation, namely, hydro, coal, diesel, and an advantageous hydro technology which can only be built in a large scale (HidroAysen) for the joint venture case, we use an oligopolistic Cournot model and a Benevolent Social Planner, both calibrated to the Chilean power industry, in order to assess the efficiency of alternative investment strategies and conditions whether the HidroAysen joint venture project can be barred to be judged as anti-competitive. Results suggest that the joint venture is an efficient investment and there is a pro-competitive behaviour on the part of the two power generators, and that there are benefit to consumers, who should expect non-increasing energy prices as a result of the advantageous hydrotechnology. (author)

  3. Geographical distribution of investment in small-scale rural fish ponds

    NARCIS (Netherlands)

    Bush, S.R.; Kosy, S.

    2007-01-01

    This article provides a detailed empirical study of investment patterns in small-scale rural aquaculture and its relation to pond location based on a systematic fish pond survey in Lao PDR. Nominal investment categories of fish ponds were created based on stocking rate, feed and water and then spati

  4. Prospects for investment in large-scale, grid-connected solar power in Africa

    DEFF Research Database (Denmark)

    Hansen, Ulrich Elmer; Nygaard, Ivan; Pedersen, Mathilde Brix

    Solar power in Africa is on its way to becoming a market-based commodity, thus escaping the niche for individual electricity supply that is mainly supported by international donor organisations. Significant reductions in the cost of photovoltaic (PV) panels and a 400 percent increase in oil prices......-scale investments in grid-connected solar power plants and local assembly facilities for PV panels, have exceeded even optimistic scenarios. Finally, therefore, there seem to be bright prospects for investment in large-scale grid-connected solar power in Africa....

  5. Basin Scale Water Infrastructure Investment Evaluation Considering Climate Risk

    Science.gov (United States)

    Kaheil, Y. H.; Lall, U.

    2009-12-01

    Water storage infrastructure has historically been a primary means of addressing vulnerability to climate risk. Rainfall, and streamflow fluctuate at many time scales, rendering supply unreliable unless a mechanism for surface or subsurface storage is provided. Irrigated agriculture typically provides dramatically higher yields relative to rain fed agriculture, by ensuring a regular, when needed water supply. Irrigation is also typically the dominant water user in most parts of the world. Addressing storage-irrigation infrastructure needs is thus a critical piece in developing a strategy for regional water and food security in the face of a changing climate. In the 20th century, large reservoir and canal system projects were funded and developed in many regions. It is argued that these played a significant role in facilitating the Green Revolution in India, Pakistan and elsewhere. However, this notion has been challenged, and many negative environmental and socio-economic impacts of such projects have been highlighted. Governance and maintenance of such hydraulic infrastructure has also been a challenge, and a paradigm of Integrated Water Resources Management (IWRM) and participatory processes has been argued for. In the last decade or so, considerable interest has been directed towards local or on-farm decentralized storage development, i.e., towards small scale reservoir and use systems where governance may be less of an issue. There has been government support of such activities in countries such as India, leading to a rapid proliferation of such systems in some areas. Questions about the effect of such development on the regional hydrologic balance and as to their resilience in a changing climate arise. Further, in the spirit of IWRM, one needs to consider the potential use of water as well as the development and management of supply. In the current context, a central question that can be posed is the identification of the best mix of centralized and

  6. The Geographic and Sectoral Patterns of Large-scale Farmland Investments in Sub-Saharan Africa

    NARCIS (Netherlands)

    Schoneveld, G.C.

    2014-01-01

    Following the food and energy price crises of the mid 2000s, sub-Saharan Africa has become one of the largest recipients for large-scale farmland investments. While much has been written on the phenomenon, scant reliable empirical evidence is available as to the precise geographic and sectoral patte

  7. Disagreements in meta-analyses using outcomes measured on continuous or rating scales: observer agreement study

    DEFF Research Database (Denmark)

    Tendal, Britta; Higgins, Julian P T; Jüni, Peter;

    2009-01-01

    OBJECTIVE: To study the inter-observer variation related to extraction of continuous and numerical rating scale data from trial reports for use in meta-analyses. DESIGN: Observer agreement study. DATA SOURCES: A random sample of 10 Cochrane reviews that presented a result as a standardised mean...... to the reviews but to the protocols, where the relevant outcome was highlighted. The agreement was analysed at both trial and meta-analysis level, pairing the observers in all possible ways (45 pairs, yielding 2025 pairs of trials and 450 pairs of meta-analyses). Agreement was defined as SMDs that differed less......% v 46%), but not at meta-analysis level. Important reasons for disagreement were differences in selection of time points, scales, control groups, and type of calculations; whether to include a trial in the meta-analysis; and data extraction errors made by the observers. In 14 out of the 100 SMDs...

  8. Cross Informant Agreement of the Behavioral and Emotional Rating Scale - 2nd Edition (BERS-2) Parent and Youth Rating Scales

    Science.gov (United States)

    Synhorst, Lori L.; Buckley, Jacquelyn A.; Reid, Robert; Epstein, Michael E.; Ryser, Gail

    2005-01-01

    Behavior rating scales are important tools in the process of assessing students' emotional and behavioral needs. Best practices in behavioral assessment dictate that the perspectives of multiple informants (e.g., teacher, parent, youth) should be considered. Overall, agreement between multiple informants is modest at best and is especially low…

  9. Cross Informant Agreement of the Behavioral and Emotional Rating Scale--2nd Edition (BERS-2) Parent and Youth Rating Scales

    Science.gov (United States)

    Synhorst, Lori L.; Buckley, Jacquelyn A.; Reid, Robert; Epstein, Michael E.; Ryser, Gail

    2005-01-01

    Behavior rating scales are important tools in the process of assessing students' emotional and behavioral needs. Best practices in behavioral assessment dictate that the perspectives of multiple informants (e.g., teacher, parent, youth) should be considered. Overall, agreement between multiple informants is modest at best and is especially low…

  10. Evaluation on Optimal Scale of Rural Fixed-asset Investment-Based on Microcosmic Perspective of Farmers’ Income Increase

    Institute of Scientific and Technical Information of China (English)

    Jinqian; DENG; Kangkang; SHAN; Yan; ZHANG

    2014-01-01

    The rural fundamental and productive fixed-asset investment not only makes active influence on the changes of farmers’ operational,wages and property income,but it also has an optimal scale range for farmers’ income increase. From the perspective of farmers’ income increase,this article evaluates the optimal scale of rural fixed-asset investment by setting up model with statistic data,and the results show that the optimal scale of per capita rural fixed-asset investment is 76. 35% of per capita net income of rural residents,which has been reached in China in 2009. Therefore,compared with the adding of rural fixed-asset investment,a better income increase effect can be achieved through the adjustment of rural fixed-asset investment structure.

  11. Common–interest community agreements on private lands provide opportunity and scale for wildlife management

    Directory of Open Access Journals (Sweden)

    Powell, L. A.

    2012-01-01

    Full Text Available Private lands are critical to conservation planning for wildlife, worldwide. Agriculture subsidies, tax incentives, and conservation easements have been successfully used as tools to convert cropland to native vegetation. However, uncertain economies threaten the sustainability of these incentives. The wildlife management profession is in need of innovative models that support effective management of populations. I argue that biologists should consider the option of facilitating the development of private reserves to reduce the dependence of conservation on public investment. Private reserves can be enhanced by creating common–interest communities, which reduce the problem posed by limited size of individual properties. Cross–property agreements between landowners can provide economic incentives through forms of ecotourism, energy production, and/or enhanced agricultural production. I share two case studies that demonstrate how cross–property agreements may be beneficial to landowner’s finances and conservation of diverse wildlife communities, as well as providing an efficient structure for NGOs and management agencies to engage and support landowners.

  12. Assessing the Scale and Potential of Chinese Investment Overseas: An Econometric Approach%Assessing the Scale and Potential of Chinese Investment Overseas: An Econometric Approach

    Institute of Scientific and Technical Information of China (English)

    Shiro Armstrong

    2011-01-01

    The recent rise in Chinese outward direct investment (ODI) has significant global implicatzons and impacts on host country policy. The present paper attempts to provide a theoretical basis and to define a robust econometric approach to assess the performa

  13. Optimal investment timing and investment scale decision making under uncertainty%不确定条件下最优投资时机和最优投资规模决策

    Institute of Scientific and Technical Information of China (English)

    阳军; 孟卫东; 熊维勤

    2012-01-01

    运用实物期权理论,通过求解不变产出和可变产出条件下企业最优投资时机和最优投资规模的解析表达式,比较研究了两种不同条件下同时选择最优投资时机和最优投资规模的决策问题.研究表明,不确定性增大了企业的等待价值,企业将推迟投资,增大投资规模;最优投资规模仅与预期市场需求的不确定性相关,与反映市场需求的某一个实现值的大小无关;可变产出条件下,企业具有更大的投资临界值和更大的投资规模.不确定性降低了企业产能利用率,导致了过度投资的存在;同时,在可变产出条件下企业的产能利用率更低.%In the investment decision making, the enterprise focuses not only on investment timing choice, but on investment scale choice as well. Based on real options theory, by solving the analytical expression of optimal investment timing and optimal scale under the condition of fixed output and variable output, the paper studies comparatively the decision making in simultaneously selecting the optimal investment timing and optimal investment scale. The study shows that the uncertainty increases the expectation waiting value, thus the enterprise will postpone the investment and increase the investment scale. The paper also illustrates that the investment scale is associated with the uncertainty of expected market demand but not associated with a certain size of earned value, which reflects the market demand. Under the condition of variable output, the enterprise has greater investment critical value and larger investment scale. The uncertainty decreases the enterprise's capacity utilization, resulting in the existence of over-investment. Meanwhile the enterprise's capacity utilization is lower under the condition of variable output.

  14. Agreement between the SCORE and D’Agostino Scales for the Classification of High Cardiovascular Risk in Sedentary Spanish Patients

    Directory of Open Access Journals (Sweden)

    Luis García-Ortiz

    2009-11-01

    Full Text Available Background: To evaluate agreement between cardiovascular risk in sedentary patients as estimated by the new Framingham-D’Agostino scale and by the SCORE chart, and to describe the patient characteristics associated with the observed disagreement between the scales. Design: A cross-sectional study was undertaken involving a systematic sample of 2,295 sedentary individuals between 40–65 years of age seen for any reason in 56 primary care offices. An estimation was made of the Pearson correlation coefficient and kappa statistic for the classification of high risk subjects (≥20% according to the Framingham-D’Agostino scale, and ≥5% according to SCORE. Polytomous logistic regression models were fitted to identify the variables associated with the discordance between the two scales. Results: The mean risk in males (35% was 19.5% ± 13% with D’Agostino scale, and 3.2% ± 3.3% with SCORE. Among females, they were 8.1% ± 6.8% and 1.2% ± 2.2%, respectively. The correlation between the two scales was 0.874 in males (95% CI: 0.857–0.889 and 0.818 in females (95% CI: 0.800–0.834, while the kappa index was 0.50 in males (95% CI: 0.44%–0.56% and 0.61 in females (95% CI: 0.52%–0.71%. The most frequent disagreement, characterized by high risk according to D’Agostino scale but not according to SCORE, was much more prevalent among males and proved more probable with increasing age and increased LDL-cholesterol, triglyceride and systolic blood pressure values, as well as among those who used antihypertensive drugs and smokers. Conclusions: The quantitative correlation between the two scales is very high. Patient categorization as corresponding to high risk generates disagreements, mainly among males, where agreement between the two classifications is only moderate.

  15. DSS Investment Options with Damage Cost Valuation of Water Pollution at a River Basin Scale

    Science.gov (United States)

    El-Fadel, M.; Maroun, R.; Abou Najm, M. R.; Bou Fakhr Aldeen, R.; Lichaa El-Khoury, D.

    2008-12-01

    Poor water quality coupled with inadequate water sanitation services and hygiene practices has long been associated with higher water-borne diseases resulting in a serious cost to society in the form of cost of illness and forgone earnings directly related to increased morbidity and premature mortality, as well as cost of protective measures. This paper presents a socio-economic assessment of water quality in the Upper Litani river basin, Lebanon. For this purpose, field surveys were first conducted followed by the application of 1) the human capital and the willingness to pay approaches for mortality valuation, 2) the cost of illness, pain and suffering approach for morbidity valuation, and 3) the market price approach for the valuation of agricultural impacts. Economic benefits of improving water quality and sanitation were examined in the context of a cost- benefit analysis using a Decision Support System to evaluate various investment options in the construction and operation of wastewater treatment plants. The estimated damage costs ranged between 0.22-3.26 percent of the GDP in the study area with an expected return on investment in treatment facilities within 10 to 25 years depending on economic parameters used.

  16. Optimizing investments in national-scale forest landscape restoration in Uganda to maximize multiple benefits

    Science.gov (United States)

    Gourevitch, Jesse D.; Hawthorne, Peter L.; Keeler, Bonnie L.; Beatty, Craig R.; Greve, Michelle; Verdone, Michael A.

    2016-11-01

    Forest loss and degradation globally has resulted in declines in multiple ecosystem services and reduced habitat for biodiversity. Forest landscape restoration offers an opportunity to mitigate these losses, conserve biodiversity, and improve human well-being. As part of the Bonn Challenge, a global effort to restore 350 million hectares of deforested and degraded land by 2030, over 30 countries have recently made commitments to national forest landscape restoration. In order to achieve these goals, decision-makers require information on the potential benefits and costs of forest landscape restoration to efficiently target investments. In response to this need, we developed an approach using a suite of ecosystem service mapping tools and a multi-objective spatial optimization technique that enables decision-makers to estimate the potential benefits and opportunity costs of restoration, visualize tradeoffs associated with meeting multiple objectives, and prioritize where restoration could deliver the greatest benefits. We demonstrate the potential of this approach in Uganda, one of the nations committed to the Bonn Challenge. Using maps of the potential benefits and costs of restoration and efficiency frontiers for optimal restoration scenarios, we were able to communicate how ecosystem services benefits vary spatially across the country and how different weights on ecosystem services objectives can affect the allocation of restoration across Uganda. This work provides a generalizable approach to improve investments in forest landscape restoration and illuminates the tradeoffs associated with alternative restoration strategies.

  17. Parental Agreement of Reporting Parent to Child Aggression Using the Conflict Tactics Scales

    Science.gov (United States)

    Lee, Shawna J.; Lansford, Jennifer E.; Pettit, Gregory S.; Bates, John E.; Dodge, Kenneth A.

    2012-01-01

    Objectives: This study examined mothers' and fathers' reporting congruency using the Parent-Child Conflict Tactics Scales. We asked if the mother's report of the father's parenting aggression was consistent with the father's self-report of parenting aggression and if the father's report of the mother's parenting aggression was consistent with the…

  18. Multilateral negotiations in foreign investment

    Directory of Open Access Journals (Sweden)

    David Orlando Ruiz Castro

    2016-04-01

    Full Text Available Direct foreign investment is one of the most important economic variables in the world. Aspects related to international investment agreements are reaching an outstanding place in economic international diplomacy. Nowadays, in the multilateral level there is not an agreement regarding investment and therefore this study is focused on this particular type of agreement. In order to reach this objective this study shows, first of all, how different attempts have been developed to get a multicultural a agreement regarding investment, and to refuse the general opinion that says that exponential growth of foreign investment flows in recent years has given impulse to launch a multilateral investment agreement. Secondly, this study discusses about regulations related to foreign investment under current WTO regulations, such as investment, measure agreements, and service agreement. Then, it analyzes what has happened inside the WTO from the creation of the investment team at the Singapore Conference to the failed Conference in Cancun. Finally, it analyzes the main arguments against the multilateral agreement and the effects of future possible multilateral negotiations in investment and it ends with some recommendations and conclusions.

  19. Students' Futures as Investments: The Promise and Challenges of Income-Share Agreements. AEI Series on Private Financing in Higher Education

    Science.gov (United States)

    Marcus, Jon

    2016-01-01

    Income-share agreements (ISAs) are an emerging idea for helping students pay for college. Under an ISA, investors provide upfront sums of money toward students' college tuition and other associated costs in exchange for a fixed percentage of the recipients' earnings after graduation. This paper--the first in a series examining private financing in…

  20. Validating the Executive Personal Finance Scale with Financial Investments and Expectations in University Students.

    Science.gov (United States)

    Yang, Bijou; Lester, David

    2016-06-01

    The validity of the Executive Personal Finance Scale (EPFS) was tested in a sample of 93 undergraduate students (31 men, 62 women; M age = 20.5 years, SD = 1.3, range = 18-24). Scores on the Motivation drive, Organization, and Planning subscales of this scale were associated with having a savings account, owning bank CDs, and self-estimated knowledge about financial matters, while scores on the Impulse control and Motivational drive subscales were associated with expectations for a satisfactory retirement income. The results provide support for the validity of the EPFS.

  1. Local-scale projections of coral reef futures and implications of the Paris Agreement

    Science.gov (United States)

    van Hooidonk, Ruben; Maynard, Jeffrey; Tamelander, Jerker; Gove, Jamison; Ahmadia, Gabby; Raymundo, Laurie; Williams, Gareth; Heron, Scott F.; Planes, Serge

    2016-12-01

    Increasingly frequent severe coral bleaching is among the greatest threats to coral reefs posed by climate change. Global climate models (GCMs) project great spatial variation in the timing of annual severe bleaching (ASB) conditions; a point at which reefs are certain to change and recovery will be limited. However, previous model-resolution projections (~1 × 1°) are too coarse to inform conservation planning. To meet the need for higher-resolution projections, we generated statistically downscaled projections (4-km resolution) for all coral reefs; these projections reveal high local-scale variation in ASB. Timing of ASB varies >10 years in 71 of the 87 countries and territories with >500 km2 of reef area. Emissions scenario RCP4.5 represents lower emissions mid-century than will eventuate if pledges made following the 2015 Paris Climate Change Conference (COP21) become reality. These pledges do little to provide reefs with more time to adapt and acclimate prior to severe bleaching conditions occurring annually. RCP4.5 adds 11 years to the global average ASB timing when compared to RCP8.5; however, >75% of reefs still experience ASB before 2070 under RCP4.5. Coral reef futures clearly vary greatly among and within countries, indicating the projections warrant consideration in most reef areas during conservation and management planning.

  2. 国际投资中环境保护法律问题研究--以《北美自由贸易协定》为例%Legal Issue of Environmental Protection in International Investment Agreements---Taking North American Free Trade Agreement as an Example

    Institute of Scientific and Technical Information of China (English)

    王效文

    2014-01-01

    Based on the environmental rules in Chapter 11 of North American Free Trade Agreement ( NAFTA) and combined with two typical cases , the way to settle down the conflict between international investment and en-vironmental protection worldwide in recent times is explored.The results show that the signing of NAFTA is deemed as a landmark in environmental protection , which tries to balance the conflict between international in-vestment and environmental protection , however in practice , NAFTA fails to coordinate this conflict effectively , and the aim of environmental protection of a host country also fails to achieve.Finally, the reason why this hap-pened is analyzed.? According to the results , advice to our government when it signs the foreign investment a-greement with other countries in the future is given , so that China can learn some experience from NAFTA when dealing with the conflict between the investment and domestic environmental protection.%以《北美自由贸易协定》( NAFTA)中投资专章的环保规则为研究对象,并结合两个典型的案例,运用案例分析的方法,探究目前世界上处理国际投资与环境保护的冲突的做法。经研究表明,虽然NAFTA采取了在投资专章纳入环保规则的一种新的立法模式,试图去协调投资利益和环保利益,但实践中NAFTA未能较好地处理投资与环保的冲突,仲裁员屡屡牺牲了东道国的环保目标。最后仔细分析了出现此种研究结果的原因,根据研究结果对我国提出了相关建议,以便我国在签订对外投资协定时能吸取NAFTA的经验教训,较好地处理投资与国内环保的冲突。

  3. Relationship Power, Sociodemographics, and Their Relative Influence on Sexual Agreements Among Gay Male Couples.

    Science.gov (United States)

    Perry, Nicholas S; Huebner, David M; Baucom, Brian R; Hoff, Colleen C

    2016-06-01

    Men who have sex with men (MSM) in primary relationships engage in condomless sex both within and outside their relationships and a majority of HIV transmission risk may actually occur within primary relationships. Sexual agreements regarding non-monogamy are a critical component to understanding HIV prevention in male couples. Relationship factors have been associated with how sexual agreements function and power is one dyadic construct likely to affect couple's maintenance of non-monogamy agreements. Multilevel modeling was used in a cross-sectional study of gay male couples (N = 566 couples) to examine associations between partners' demographic characteristics traditionally used to define relationship power, a scale of decision-making power, and outcomes related to sexual agreements, including investment, agreement breaks, and break disclosure. Results indicated that decision-making power relative to one's partner was not associated with any agreement outcome, contrary to hypotheses. However, controlling for decision-making power, demographic bases of power were variably associated with sexual agreements' functioning. Younger partners were less invested in and more frequently broke their agreements. Lower-earning partners broke their agreements more frequently, but also disclosed breaks more often. White men in white-minority relationships broke their agreement more often than their partners. Concordant HIV-positive couples were less invested in their agreements and HIV-positive men disclosed breaks more frequently. HIV prevention efforts for same-sex couples must attend to the social, developmental, and cultural influences that affect their agreements around non-monogamy.

  4. Investment Avenues

    Science.gov (United States)

    Jain, Priyanka

    2012-11-01

    Investors are a heterogeneous group, they may be large or small, rich or poor, expert or lay man and not all investors need equal degree of protection (Mayya, 1996). An investor has three objectives while investing his money, namely safety of invested money, liquidity position of invested money and return on investment. The return on investment may further be divided into capital gain and the rate of return on investment as interest or dividend. Among all investment options available, securities are considered the most challenging as well as rewarding. Securities include shares, debentures, derivatives, units of mutual funds, Government securities etc. An investor may be an individual or corporate legal entity investing funds with a view to derive maximum economic advantage from investment such as rate of return, capital appreciation, marketability, tax advantage and convenience of investment.The Capital market facilitates mobilization of savings of individuals and pools them into reservoir of capital which can be used for the economic development of a country. An efficient capital market is essential for raising capital by the corporate sector of the economy and for the protection of the interest of investors in corporate securities. There arises a need to strike a balance between raising of capital for economic development on one side and protection of investors on the other. Unless the interests of investors are protected, raising of capital, by corporates is not possible. Like, the primary objective of a senior citizenís asset allocation is the generation of regular income.

  5. A Study of the Long Term Effect of the North American Free Trade Agreement on the U.S. Investment in Mexico and the Resulting Impact on U.S. Exports to Mexico

    Science.gov (United States)

    1994-05-19

    Mexico instituted a new foreign investment regulatory regime.14 They made foreign investment easier in the Maquiladora , auto, insurance, banking, and...September 1993; p 56. ŕThe Maquiladora industry is the U.S. sending partially finished products to Mexico to be completed. This is done to allow the U.S

  6. Correlation between Optic Nerve Parameters Obtained Using 3D Nonmydriatic Retinal Camera and Optical Coherence Tomography: Interobserver Agreement on the Disc Damage Likelihood Scale

    Directory of Open Access Journals (Sweden)

    Jae Wook Han

    2014-01-01

    Full Text Available Purpose. To compare stereometric parameters obtained by three-dimensional (3D optic disc photography and optical coherence tomography (OCT and assess interobserver agreement on the disc damage likelihood scale (DDLS. Methods. This retrospective study included 190 eyes from 190 patients classified as normal, glaucoma suspect, or glaucomatous. Residents at different levels of training completed the DDLS for each patient before and after attending a training module. 3D optic disc photography and OCT were performed on each eye, and correlations between the DDLS and various parameters obtained by each device were calculated. Results. We found moderate agreement (weighted kappa value, 0.59 ± 0.03 between DDLS scores obtained by 3D optic disc photography and the glaucoma specialist. The weighted kappa values for agreement and interobserver concordance increased among residents after the training module. Interobserver concordance was the poorest at DDLS stages 5 and 6. The DDLS scored by the glaucoma specialist had the highest predictability value (0.941. Conclusions. The DDLS obtained by 3D optic disc photography is a useful diagnostic tool for glaucoma. A supervised teaching program increased trainee interobserver agreement on the DDLS. DDLS stages 5 and 6 showed the poorest interobserver agreement, suggesting that caution is required when recording these stages.

  7. Correlation between Optic Nerve Parameters Obtained Using 3D Nonmydriatic Retinal Camera and Optical Coherence Tomography: Interobserver Agreement on the Disc Damage Likelihood Scale.

    Science.gov (United States)

    Han, Jae Wook; Cho, Soon Young; Kang, Kui Dong

    2014-01-01

    Purpose. To compare stereometric parameters obtained by three-dimensional (3D) optic disc photography and optical coherence tomography (OCT) and assess interobserver agreement on the disc damage likelihood scale (DDLS). Methods. This retrospective study included 190 eyes from 190 patients classified as normal, glaucoma suspect, or glaucomatous. Residents at different levels of training completed the DDLS for each patient before and after attending a training module. 3D optic disc photography and OCT were performed on each eye, and correlations between the DDLS and various parameters obtained by each device were calculated. Results. We found moderate agreement (weighted kappa value, 0.59 ± 0.03) between DDLS scores obtained by 3D optic disc photography and the glaucoma specialist. The weighted kappa values for agreement and interobserver concordance increased among residents after the training module. Interobserver concordance was the poorest at DDLS stages 5 and 6. The DDLS scored by the glaucoma specialist had the highest predictability value (0.941). Conclusions. The DDLS obtained by 3D optic disc photography is a useful diagnostic tool for glaucoma. A supervised teaching program increased trainee interobserver agreement on the DDLS. DDLS stages 5 and 6 showed the poorest interobserver agreement, suggesting that caution is required when recording these stages.

  8. Optimal investment in learning-curve technologies

    NARCIS (Netherlands)

    Della Seta, M.; Gryglewicz, S.; Kort, P.M.

    2012-01-01

    We study optimal investment in technologies characterized by the learning curve. There are two investment patterns depending on the shape of the learning curve. If the learning process is slow, firms invest relatively late and on a larger scale. If the curve is steep, firms invest earlier and on a s

  9. Investment Invited

    Institute of Scientific and Technical Information of China (English)

    2006-01-01

    T he 2006 Major Projects Investment Consultation and Talks, an investment promotion fair, jointly sponsored by the All-China Federation of Industry and Commerce and the Nanjing Municipal Government, will be held at the Nanjing International Expo Center from May 28 to 30. Organizers of the event also include Nanjing's neighboring cities of

  10. Financing Investment

    DEFF Research Database (Denmark)

    Hirth, Stefan; Flor, Christian Riis

    Intuition suggests that corporate investment should be decreasing in financing constraints. We show that even when financing is obtained using a standard debt contract and there is symmetric information between the firm and outside investors, the relation is actually U-shaped. We thus provide a new...... theoretical explanation for the recent empirical findings of Cleary et al. (2007). We split up the endogenously implied financing costs and propose a trade-off between expected liquidation costs and second-best investment costs. For rather unconstrained firms, the risk of costly liquidation dominates the cost...... of underinvestment and, hence, induces cutting down investment. On the other hand, severely constrained firms benefit more by getting closer to the first-best investment implying higher investment....

  11. Challenges and opportunities for the national constitutional system in dealing with the global investment regime: a case study of the indirect expropriation doctrine and investor-state arbitration under the free trade agreement between the Republic of Korea and the United States of America

    OpenAIRE

    Kim, Younsik

    2012-01-01

    In 2011, Korea ratified the Korea-US Free Trade Agreement (KORUS-FTA). This treaty remains controversial in Korean society, particularly because many Koreans claim that the indirect expropriation doctrine under investor-state arbitration in the investment chapter will allow global investors to challenge governmental regulation justified by the Korean constitution. Despite such criticism, the KORUS-FTA indirect expropriation doctrine and the Korean constitutional property doctri...

  12. INVESTMENTS AND INVESTMENT INCENTIVES IN THE BALKAN STATES

    Directory of Open Access Journals (Sweden)

    MEHMET YÜCE

    2016-04-01

    Full Text Available Balkan region, located in the south eastern part of the European Continent, is composed Albania, Bosnia and Herzegovina, Bulgaria, Montenegro, Kosovo, Macedonia, Greece with a portion of the Croatia, Romania, Serbia, Slovenia and Turkey. Southeast Europe are composed of Slovenia, Croatia, Bosnia and Herzegovina, Serbia, Montenegro, Kosovo, Macedonia and Albania which known as the Western Balkans countries. That international investments are assessed on a regional and global scale in the Balkans, these investments gained importance after the 1990s with political, social and geographical variation. In the 2000s, after legal and administrative framework oriented reforms of investments which are continuations of global integration efforts, development of the investment opportunities in Balkans have been considered positively. While the investment incentive structures and rates differ on the basis of the countries, they are of capital importance for investors. After the 2008 global economic crisis which has happened because of the economic shrinkage on global scale, despite the worries for political and economic unsteadiness in specific countries, development of investments in Balkans has not been affected in a negative way. In this study development of investment in Balkans is analysed with negative and positive factors, investment opportunities and incentives are examined on the basis of countries. The Balkans gain acceleration positively thanks to the reforms of investment opportunities on the national scope. As to the need of investment development oriented local and international coordinated programme and approach is an important issue that should be analysed.

  13. Creative Investment

    Institute of Scientific and Technical Information of China (English)

    2007-01-01

    Prices for Chinese art are shattering records locally and internationally. Is the investment well placed?Mem Aziz is brimming with confidence about the future of his business in China. Director of Australia’s Redrock Gallery,

  14. The Sicomines Agreement

    DEFF Research Database (Denmark)

    Jansson, Johanna

    of the global political economy have shifted, and that China’s position as a foreign policy actor is now consolidated. Continuity, since the 2009 amendment of the agreement, which came about partly as a result of China’s ambitions to take up an active role in the International Monetary Fund (IMF......, the investment into the DRC’s mining sector is in itself beneficial for the country, and the renegotiation of the agreement was positive in the sense that the Congolese state guarantee for the mining component was removed. However, the question of whether the Sicomines agreement is a good deal for the DRC...... will remain unanswered until the infrastructure projects have been delivered. The importance of the Congolese Agency for Public Works’ task to price each project and ensure that monitoring is conducted properly can therefore not be overestimated....

  15. 24 CFR 954.500 - Repayment of investment.

    Science.gov (United States)

    2010-04-01

    ... 24 Housing and Urban Development 4 2010-04-01 2010-04-01 false Repayment of investment. 954.500... DEVELOPMENT INDIAN HOME PROGRAM Program Administration § 954.500 Repayment of investment. (a) HOME funds will be made available pursuant to a HOME Investment Partnership Agreement. The agreement ensures...

  16. Survey on Current Conditions and Intention of Outbound Investment by Chinese Enterprises (Ⅱ)

    Institute of Scientific and Technical Information of China (English)

    China Council for the Promotion of International T

    2010-01-01

    @@ Situation of the Overseas Investments of Chinese Enterprises 1. Small scale of investments Of the respondent enterprise having made overseas in-vestments, those with an investment amount of less than one million USD account for 61%, and only ten of them made investments exceeding 100 million USD, accounting for only about 1%. It thus appears that the overall scale of current overseas investments of Chinese enterprises is small, and only a very few enterprises have made large scale overseas invest-ments.

  17. 跨国公司对外直接投资规模均衡分析%Equilibrium Analysis on International Direct Investment Scale of Multinational Corporation

    Institute of Scientific and Technical Information of China (English)

    李山寨

    2011-01-01

    Based on the internalization theory,this paper constructs the theoretical model of equilibrium analysis on dual cost of international direct investment of multinational corporation through studying the internal relationships among variables and their change laws.According to this model,it quantitatively analyzes and explains the choice of multinational corporation and the equilibrium condition about the scale of international direct investment and international market transaction.It draws the following conclusions:using the monopoly advantage of intangible intermediate products of parent company to obtain profit in the international market,and using foreign resources fully to supply tangible intermediate products for parent company,are the reasons and directions of multinational corporation implementing transnational management;pursuing the maximum profit through weighing two kinds of costs to save total costs farthest,is the power and the basis of multinational corporation selecting transnational management mode and balancing international direct investment.%在内部化理论的基础上,通过研究有关变量之间的内在联系及其变化规律,建立了跨国公司国际直接投资二元成本均衡分析理论模型。据此模型直观而定量地分析、解释了跨国公司跨国经营方式的选择、国际直接投资规模与国际市场交易规模的均衡条件。结论如下:利用母公司拥有的无形中间产品的国际垄断优势在国际市场充分获利、借助外国资源禀赋优势为国内母公司供给大量的有形中间产品,是企业跨国经营的原因和方向;权衡两类相关成本以最大限度地节约总相关成本、追求最大相关利润,是企业进行跨国经营方式选择、国际直接投资均衡的动力和依据。

  18. Agreement for depression diagnosis between DSM-IV-TR criteria, three validated scales, oncologist assessment, and psychiatric clinical interview in elderly patients with advanced ovarian cancer

    Directory of Open Access Journals (Sweden)

    Rhondali W

    2015-07-01

    Full Text Available Wadih Rhondali,1 Gilles Freyer,2 Virginie Adam,3 Marilène Filbet,4 Martine Derzelle,5 Gaelle Abgrall-Barbry,6 Sophie Bourcelot,7 Jean-Louis Machavoine,8 Muriel Chomat-Neyraud,9 Olivier Gisserot,10 Rémi Largillier,11 Annick Le Rol,12 Frank Priou,13 Pierre Saltel,14 Claire Falandry15 1Clinique Mon Repos, Clinea, Marseille, France; 2Medical Oncology Unit, Centre Hospitalier Lyon Sud, Université Lyon 1, Pierre-Benite, France; 3Institut de Cancérologie de Lorraine Alexis Vautrin, Vandoeuvre-lès-Nancy, France; 4Palliative Unit, Centre Hospitalier Lyon Sud, Université Lyon 1, Pierre-Benite, France; 5Institut Jean Godinot, Reims, France; 6Tenon Hospital, Assistance Publique Hôpitaux de Paris, Paris, France; 7Centre Léon Bérard, Lyon, France; 8Centre François Baclesse, Caen, France; 9Centre Hospitalier de la région d’Annecy, Pringy, France; 10Hôpital d’Instruction des Armées Sainte-Anne, Toulon, France; 11Centre Azuréen de Cancérologie, Mougins, France; 12Medical Oncology, Hôpital Perpétuel Secours, Levallois-Perret, France; 13Medical Oncology, Centre Hospitalier Départemental Les Oudairies, La Roche-sur-Yon, France; 14Supportive Care Department, Centre Léon Bérard, Lyon, France; 15Geriatrics and Oncology Unit, Centre Hospitalier Lyon Sud, Université Lyon 1, Pierre-Bénite, France Background: Depression, a major outcome in cancer patients, is often evaluated by physicians relying on their clinical impressions rather than patient self-report. Our aim was to assess agreement between patient self-reported depression, oncologist assessment (OA, and psychiatric clinical interview (PCI in elderly patients with advanced ovarian cancer (AOC.Methods: This analysis was a secondary endpoint of the Elderly Women AOC Trial 3 (EWOT3, designed to assess the impact of geriatric covariates, notably depression, on survival in patients older than 70 years of age. Depression was assessed using the Geriatric Depression Scale-30 (GDS, the Hospital

  19. Parent-Child Agreement Using the Spence Children’s Anxiety Scale and a Thermometer in Children with Autism Spectrum Disorder

    Directory of Open Access Journals (Sweden)

    T. May

    2015-01-01

    Full Text Available Children with Autism Spectrum Disorder (ASD experience high anxiety which often prompts clinical referral and requires intervention. This study aimed to compare parent and child reports on the Spence Children’s Anxiety Scale (SCAS and a child-reported “worry thermometer” in 88 children aged 8–13 years, 44 with ASD and 44 age, gender, and perceptual IQ matched typically developing children. There were no gender differences in child report on the SCAS and worry thermometers. Results indicated generally good correlations between parent and child self-reported SCAS symptoms for typically developing children but poor agreement in parent-child ASD dyads. The worry thermometer child-report did not reflect child or parent reports on the SCAS. Findings suggest 8–13-year-old children with ASD may have difficulties accurately reporting their anxiety levels. The clinical implications were discussed.

  20. Investment Banking

    OpenAIRE

    Oana Mihaela Vãsioiu

    2008-01-01

    The economic, financial and monetary changes had serious consequences not only on the level of providing the finance necessary for the development process but also on the level of providing the finance required for importing the basic food needs and rendering necessary production inputs. All these problems show the importance of “Banks” generally and “Investment Banks” particularly in the emerging and underdeveloped countries. Banks as financial institution or intermediary mobilize either nat...

  1. 克服信息不对称--有效的风险资契约设定%Overcoming Informational Asymmetry-Entering into Agreements of Effective Risk Investment

    Institute of Scientific and Technical Information of China (English)

    李泋

    2001-01-01

    Risk Investment is a way of investment. It is in the form of stock options, and it is made towards enterprises, especially medium and small-sized enterprises as well as hightech enterprises. It provides various services, and reabsorbs funds by selling stock options.Venture capital is a kind of stock option capital instead of loan capital. It results from financial innovation and technological innovation. This paper analyses that under the condition of informational asymmetry, how we can set an effective and safe organizational form of venture capital in order to avoid the risk.%风险投资是以股权形式投向企业,特别是中小型、高新技术企业,并为其提供多种服务,最后以出售股权方式来回笼资金的投资方式。风险资本是一种股权资本而不是借贷资本,是金融创新和技术创新的成果。本文试图分析在信息不对称风险的条件下,风险资本如何制定有效而安全的组织形式来规避此风险。

  2. National treatment in emerging market investment treaties

    OpenAIRE

    Collins, D A

    2013-01-01

    This article considers the national treatment standard in international investment agreements as implemented by emerging market countries. It briefly explains the nature and purpose of the standard and how it has been examined by international investment tribunals. Specific examples of national treatment provisions in emerging market international investment treaties as well as WTO instruments are discussed, focusing the scope and limitations to this standard commonly provided in treaty pract...

  3. Option Strike Price and Managerial Investment Decisions

    Institute of Scientific and Technical Information of China (English)

    刘鸿雁; 张维

    2003-01-01

    The manager′s investment decisions is modeled when the manager is risk-averse and has stock options as compensation. It is found that the strike price of options is crucial to the investment incentives of managers, and that the correct value, or interval of values, of managerial stock option strike price can bring stockholder and manager interests in agreement.

  4. Agreement technologies

    CERN Document Server

    Ossowski, Sascha

    2013-01-01

    More and more transactions, whether in business or related to leisure activities, are mediated automatically by computers and computer networks, and this trend is having a significant impact on the conception and design of new computer applications. The next generation of these applications will be based on software agents to which increasingly complex tasks can be delegated, and which interact with each other in sophisticated ways so as to forge agreements in the interest of their human users. The wide variety of technologies supporting this vision is the subject of this volume. It summarises

  5. Segmentation Similarity and Agreement

    CERN Document Server

    Fournier, Chris

    2012-01-01

    We propose a new segmentation evaluation metric, called segmentation similarity (S), that quantifies the similarity between two segmentations as the proportion of boundaries that are not transformed when comparing them using edit distance, essentially using edit distance as a penalty function and scaling penalties by segmentation size. We propose several adapted inter-annotator agreement coefficients which use S that are suitable for segmentation. We show that S is configurable enough to suit a wide variety of segmentation evaluations, and is an improvement upon the state of the art. We also propose using inter-annotator agreement coefficients to evaluate automatic segmenters in terms of human performance.

  6. Sustainable Markets Investment Briefings: Investment Treaties

    Energy Technology Data Exchange (ETDEWEB)

    Cotula, Lorenzo

    2007-08-15

    This is the second of a series of briefings which discuss the sustainable development issues raised by legal arrangements for the protection of foreign investment. The briefings are based on legal research by IIED and its partners. The goal is to provide accessible but accurate information for human rights, development and environmental organisations working on issues raised by foreign investment in low- and middle-income countries. Briefing 2 explains how investment treaties between states work to protect and promote foreign investment.

  7. 财政投入对高等教育规模的影响——基于联立方程模型%The Impact of the Fiscal Investment on the Higher Education Scale - A simultaneous equations model

    Institute of Scientific and Technical Information of China (English)

    张淑惠; 王潇潇

    2012-01-01

    There is a close connection between the development of the higher education and the fiscal investment of the country. The fiscal investment has a major impact on the expansion of the higher education scale. In this paper, the impact is discussed at a finance angle, based on the change of the fiscal investment after the expanded enrollment scale of higher education. The simultaneous equations model is used innovatively based on the higher education supply and demand theory, as well as the panel data of all provinces are used. The results indicate the fiscal investment elasticity of the higher education scale appears to be about 0.392. Finally, the appropriate measures are suggested according to the empirical result.%高等教育发展与国家的财政性投入之间有着密切联系,财政投入对高等教育规模的扩张有着重大影响。本研究立足财政学视角,以实施高等教育扩招政策以来财政经费投入变化为基础,收集各省的面板数据,根据高等教育供需理论,创新性地应用联立方程模型,研究财政投入对我国高等教育规模的影响。结果表明,财政投入每增加1个百分点,普通高等教育规模将增加近0.392个百分点.最后一根据实证分析结果提出相应的政策建议.

  8. Why Invest in Economic & Technological Development Zones?

    Institute of Scientific and Technical Information of China (English)

    2005-01-01

    In order to attract foreign direct investment, China has established 52 Statelevel Economic & technological Investment Zones (ETDZs). ETDZs lay emphasis on capital-intensive, technology-intensive, hi-tech and production export enterprises. The investment scale of every project in the zones is twice that of the rest of the country. A large number of investment projects are large projects with investment capital over US$IO million,

  9. Research on Relationship between Investment and Cash Flow of Listed Manufacturing Companies of Different Scale%不同规模制造业上市公司投资与现金流关系研究

    Institute of Scientific and Technical Information of China (English)

    朱洁

    2012-01-01

    本文对制造业上市公司在不同规模下投资与现金流关系进行了理论分析;其次以我国沪深两市制造业上市公司2004~2007年的财务数据为样本,以企业规模为分组标准,利用实证检验投资与现金流之间的关系.通过理论分析和实证研究,得知与大规模企业相比,小规模企业投资对现金流依赖性更强.%this paper conducted the theoretical analysis on investment and cash flow for listed manufacturing companies in different scale, and then examined the relationship between investment and cash flow with the enterprise scale as grouping criteria, taking financial data of China's Shanghai and Shenzhen listed manufacturing companies during 2004 to 2007 as sample. Through theoretical analysis and empirical research, it obtains small-scale enterprises have stronger dependence on cash flow compared with large-scale enterprises.

  10. The Investment Paradigm

    Science.gov (United States)

    Perna, Mark C.

    2005-01-01

    Is marketing an expense or an investment? Most accountants will claim that marketing is an expense, and clearly that seems true when cutting the checks to fund these efforts. When it is done properly, marketing is the best investment. A key principle to Smart Marketing is the Investment Paradigm. The Investment Paradigm is understanding that every…

  11. 76 FR 34969 - Investing in Innovation Fund

    Science.gov (United States)

    2011-06-15

    ... Investing in Innovation Fund AGENCY: Office of Innovation and Improvement, Department of Education. ACTION... Investing in Innovation Fund Catalog of Federal Domestic Assistance (CFDA) Numbers: 84.411A (Scale-up grants... Secretary for Innovation and Improvement announces pre-application meetings for the fiscal year (FY)...

  12. Human Rights Promotion through Transnational Investment Regimes: An International Political Economy Approach

    Directory of Open Access Journals (Sweden)

    Claire Cutler

    2013-05-01

    Full Text Available International investment agreements are foundational instruments in a transnational investment regime that governs how states regulate the foreign-owned assets and the foreign investment activities of private actors. Over 3,000 investment agreements between states govern key governmental powers and form the basis for an emerging transnational investment regime. This transnational regime significantly decentralizes, denationalizes, and privatizes decision-making and policy choices over foreign investment. Investment agreements set limits to state action in a number of areas of vital public concern, including the protection of human and labour rights, the environment, and sustainable development. They determine the distribution of power between foreign investors and host states and their societies. However, the societies in which they operate seldom have any input into the terms or operation of these agreements, raising crucial questions of their democratic legitimacy as mechanisms of governance. This paper draws on political science and law to explore the political economy of international investment agreements and asks whether these agreements are potential vehicles for promoting international human rights. The analysis provides an historical account of the investment regime, while a review of the political economy of international investment agreements identifies what appears to be a paradox at the core of their operation. It then examines contract theory for insight into this apparent paradox and considers whether investment agreements are suitable mechanisms for advancing international human rights.

  13. Specialized Investment Services

    Science.gov (United States)

    Burgess, Robert S.

    1970-01-01

    The informational needs of the investing public should be met by the public library. Suggestions for specialized investment information services with broad appeal, technical charts, and advisory services which public libraries might consider purchasing. (JS)

  14. Socially Responsible Investing

    DEFF Research Database (Denmark)

    Parisi, Cristiana; Stang, Andreas

    This paper analyzes the Scandinavian market for Socially Responsible Investing (SRI) mutual funds in order to determine the returns from discriminatory investment decision compared to the return from conventional portfolios. The analysis is conducted on 642 Scandinavian equity mutual funds...

  15. Foreign Investment Expanded

    Institute of Scientific and Technical Information of China (English)

    2008-01-01

    The paid-in foreign direct investment in China totaled $74.8 billion in 2007,up 13.6 percent year on year Foreign investment in China has continued robust growth despite the new corporate income tax poli- cies. Figures from the National Bureau of Statistics show that paid-in foreign direct investment(FDI)(excluding investment from foreign financial institutions)totaled $74.8 billion in 2007,up 13.6 percent year

  16. Modeling Sustainment Investment

    Science.gov (United States)

    2015-05-01

    forecast the consequences of various alternatives? Sustainment Investment: the Problem Operations Supplying the fleet, customer support, etc...Modeling Sustainment Investment May 2015 © 2015 Carnegie Mellon University Context We are managing the sustainment of a system. • Some modernization ...Modeling Sustainment Investment May 2015 © 2015 Carnegie Mellon University The process is inside the gray box. Customers are outside. Work input

  17. Why Foreign Direct Investment- Albanian Case

    Directory of Open Access Journals (Sweden)

    Edlira Luçi

    2015-05-01

    Full Text Available Among other financial inflows, foreign direct investment makes a major stimulus to economic growth in many developing countries. The ability to deal with two major obstacles, namely, the shortages of financial resources and the lack of technology and skills, has put foreign direct investments in the centre of attention for policy-makers, particularly in developing countries. Albania is committed to maintaining an open environment for investments. This is vital for a long-term and sustainable economic growth. As a lowsavings developing economy, with high domestic investment requirements, Albania needs to attract foreign direct investment in order to support domestic investment financing requirements. However, Albania has not been successful in obtaining substantial and consistent FDI inflows. Furthermore, the meagre inflows that the country has received have not been utilized appropriately to enhance the economic performance. The type of FDI and its structural composition matter as much for economic growth. This paper reviews the recent evidence on the scale of FDI to Albania. The paper reviews also some of the main areas of the existing policy framework for inward FDI in Albania among the major factors determining foreign companies' decisions to invest in Albania. We discuss these issues and try to make the case for a more coherent, harmonized and transparent framework to cover all foreign direct investment into Albania. The regulation of inward investment is one of several policy and institutional variables likely to influence the volume of FDI.

  18. Sustainable Markets Investment Briefings: Foreign investment contracts

    Energy Technology Data Exchange (ETDEWEB)

    Cotula, Lorenzo

    2007-08-15

    This is the fourth of a series of briefings which discuss the sustainable development issues raised by legal arrangements for the protection of foreign investment. The briefings are based on legal research by IIED and its partners. The goal is to provide accessible but accurate information for human rights, development and environmental organisations working on issues raised by foreign investment in low- and middle-income countries. Briefing 4 sets out some of the ways in which foreign investment contracts can impact on sustainable development.

  19. Client/consultant model services agreement

    CERN Document Server

    International Federation of Consulting Engineers

    2006-01-01

    The terms of the Client Consultant Model Services agreement (The White Book) have been prepared by the Fédération Internationale des Ingénieurs-Conseils (FIDIC) and are recommended for general use for the purposes of pre-investment and feasibility studies, designs and administration of construction and project management, where proposals for such services are invited on an international basis. They are equally adaptable for domestic agreements. - See more at: http://fidic.org/books/clientconsultant-model-services-agreement-4th-ed-2006-white-book#sthash.3Uxy5qT3.dpuf

  20. Finance and the global land rush : Understanding the growing role of investment funds in land deals and large-scale farming

    NARCIS (Netherlands)

    O. Visser (Oane)

    2015-01-01

    markdownabstractIn the wake of the 2007–08 food crisis, we have seen the combined development of a rapid financialization of agriculture with the expansion of large-scale corporate farming through large-scale land deals, in particular in developing countries and emerging economies. The rapidly growi

  1. Optimal Responsible Investment

    DEFF Research Database (Denmark)

    Jessen, Pernille

    Numerous institutions are now engaged in Socially Responsible Investment or have signed the "UN Principles for Responsible Investment". Retail investors, however, are still lacking behind. This is peculiar since the sector constitutes key stakeholders in environmental, social and governmental...... standards. This paper considers optimal responsible investment for a small retail investor. It extends conventional portfolio theory by allowing for a personal-value based investment decision. Preferences for responsibility are defined in the framework of mean-variance analysis and an optimal responsible...... investment model identified. Implications of the altered investment problem are investigated when the dynamics between portfolio risk, expected return and responsibility is considered. Relying on the definition of a responsible investor, it is shown how superior investment opportunities can emerge when...

  2. Interobserver agreement and predictive value for outcome of two rating scales for the amount of extravasated blood after aneurysmal subarachnoid haemorrhage.

    NARCIS (Netherlands)

    Norden, A.G.W. van; Dijk, G.W. van; Huizen, M.D. van; Algra, A.; Rinkel, G.J.

    2006-01-01

    BACKGROUND: In patients with SAH the amount of extravasated blood on the initial CT scan is related with delayed cerebral ischemia and clinical outcome. We investigated the interobserver variation of the Hijdra and Fisher scales for the amount of extravasated blood and the predictive values of these

  3. Agreement Workflow Tool (AWT)

    Data.gov (United States)

    Social Security Administration — The Agreement Workflow Tool (AWT) is a role-based Intranet application used for processing SSA's Reimbursable Agreements according to SSA's standards. AWT provides...

  4. Agricultural Investment Environment in Shaanxi Province

    Institute of Scientific and Technical Information of China (English)

    2012-01-01

    The features of ageing,low educational level and female domination on the part of agricultural labor forces,determine that the sustainable development of agriculture can not rely entirely on farmers,who are engaged in dispersed planting and small-scale operation,therefore,improving agricultural investment environment,and taking positive measures to promote diversification of the main body of agricultural investment,is the key to the healthy development of agriculture.From four aspects(the industrial base of agriculture,arable land resource conditions,capital investment capacity,input of means of production),this article establishes evaluation indicator system of agricultural investment environment in Shaanxi Province,and based on this,make recommendations for improvement of agricultural investment environment in Shaanxi.

  5. Evolving trade policy and the Trans-Pacific Partnership Agreement: does it threaten Vietnam's access to medicine and its progress towards scaling up HIV prevention, treatment and care?

    Science.gov (United States)

    Linh, Nguyen Nhat; Huong, Nguyen Thanh; Thuy, Hua Thanh

    2015-01-01

    The Trans-Pacific Partnership Agreement (TPP) has undergone 18 rounds of secretive negotiation between the USA and 11 Asia-Pacific countries. Aiming at a free trade area, this multilateral trade proposal covers all aspects of commercial relations among the countries involved. Despite some anticipated positive impacts in trade, specific articles in this proposal's intellectual property and transparency chapters might negatively impact access to medicine, in general, and to antiretroviral (ARV) drugs, in particular, in Vietnam. Drawing on a desk review and qualitative in-depth interviews with 20 key informants from government, academia, hospitals and civil society, we analyse various provisions of the proposal being negotiated leaked after the 14th round of negotiations in September 2012. Findings suggest that the TPP could lead to increased monopoly protection and could limit technological advancements within the local pharmaceutical manufacturing industry, resulting in higher medicine prices in Vietnam. This outcome would have a significant impact on Vietnam's ability to achieve goals for HIV prevention, treatment and care, and create barriers to universal health-care coverage. This research provides unique evidence for Vietnam to advocate for more equitable pharmaceutical provisions in and to raise awareness of the implications of the TPP among the pharmaceutical stakeholder community in Vietnam.

  6. A Utility-Scale Deployment Project of Behind-the-Meter Energy Storage for Use in Ancillary Services, Energy Resiliency, Grid Infrastructure Investment Deferment, and Demand-Response Integration

    Science.gov (United States)

    Wilson, Joseph Nathanael

    Electric utilities are increasingly incentivized to integrate new renewable energy generation resources to their systems; however, operations-related issues arise due to the non-dispatchable and stochastic nature of these renewable energy sources. These characteristics lead to a variety of issues for utilities, among which are voltage fluctuations, balancing dispatch against ramping events, short-duration power fluctuations, and the need to invest in peaking generation facilities just to accommodate the renewable energy. A traditional solution to these issues is to employ renewable generation-following techniques using either newly constructed gas peaking plants, or by shifting existing generation resources to this following responsibility. Unfortunately, use of these traditional methods introduces a new set of issues; namely, wear-and-tear due to more frequent cycling, reduced capacity factors, decreased plant efficiency, and additional investment in large-scale captital infrastructure. This thesis proposes an alternate solution: a utility-owned and utility-managed battery energy storage system sited on residential customer premises, deployed at scale to create a 200MW / 1320MWh distributed network of Residential Battery Energy Storage Systems (ResBESS). In partnership with Portland General Electric (PGE) stakeholders, a conceptual design was prepared for a ResBESS unit, a laboratory prototype of a single such storage system was constructed, and an alpha prototype is now being installed in a field demonstration project in Milwaukie, Oregon within PGE's service territory. The motivations, design constraints, and design methodology of the laboratory prototype are presented and discussed, and preliminary work from the field prototype build is examined to demonstrate the results of the thesis project.

  7. Optimal Responsible Investment

    DEFF Research Database (Denmark)

    Jessen, Pernille

    The paper studies retail Socially Responsible Investment and portfolio allocation. It extends conventional portfolio theory by allowing for a personal value based investment decision. When preferences for responsibility enter the framework for mean-variance analysis, it yields an optimal...... responsible investment model. An example of index investing illustrates the theory. Results show that it is crucial for the responsible investor to consider portfolio risk, expected return, and responsibility simultaneously in order to obtain an optimal portfolio. The model enables responsible investors...... to benefit from their personal preferences and to remain rational actors in the financial market....

  8. Determinants of Discretionary Investments

    Directory of Open Access Journals (Sweden)

    K. S. Sujit

    2016-03-01

    Full Text Available Theoretical and empirical studies have focused on discretionary investments such as research and development (R&D and advertisement as value-creating activities. This empirical research article examines the determinants of the discretionary investment policy of food sector firms in India. The study aims to analyze the impact of financial policies and firm characteristics on the discretionary investment strategy of the food industry firms. The article uses the partial least squares structural equation modeling (PLS-SEM to understand the drivers of discretionary investment policy of food sector firms. The study finds that investment policy of firms is a major determinant of profitability of food sector firms. Higher investments in capital expenditures and working capital result in higher profitability. Management efficiency significantly influences firm profitability. The results suggest that riskier firms in food sector might focus on R&D investments as a strategy to generate more cash flows. Size of firm is negatively related to R&D intensity. Smaller firms in food sector tend to invest more in R&D. The study does not provide evidence to suggest that profitable firms invest more in R&D activities.

  9. Agreement between paper and pen visual analogue scales and a wristwatch-based electronic appetite rating system (PRO-Diary©), for continuous monitoring of free-living subjective appetite sensations in 7-10 year old children.

    Science.gov (United States)

    Rumbold, P L S; Dodd-Reynolds, C J; Stevenson, E

    2013-10-01

    Electronic capture of free-living subjective appetite data can provide a more reliable alternative to traditional pen and paper visual analogue scales (P&P VAS), whilst reducing researcher workload. Consequently, the aim of this study was to explore the agreement between P&P VAS and a wristwatch-based electronic appetite rating system known as the PRO-Diary© technique, for monitoring free-living appetite sensations in 7-10 year old children. On one occasion, using a within-subject design, the 12 children (n=6 boys; n=6 girls) recorded their subjective appetite (hunger, prospective food consumption, and fullness), at two time points before lunch (11:30 and 12:00) and every 60 min thereafter until 21:00. The agreement between the P&P VAS and PRO-Diary© technique was explored using 95% limits of agreement and 95% confidence intervals (95% CI) calculated using the Bland and Altman (1986) technique. For hunger, prospective food consumption and fullness, the 95% limits of agreement were -1±25 mm (95% CI: lower limit -8mm; upper limit +6mm), 0±21 mm (95% CI: lower limit -6mm; upper limit +6mm) and -6±24 mm (95% CI: lower limit -14 mm; upper limit +1mm), respectively. Given the advantages associated with electronic data capture (inexpensive; integrated alarm; data easily downloaded), we conclude that the PRO-Diary© technique is an equivalent method to employ when continuously monitoring free-living appetite sensations in 7-10 year old children, but should not be used interchangeably with P&P VAS.

  10. INVESTMENT FUNDS IN ROMANIA

    Directory of Open Access Journals (Sweden)

    COPIL CRINA ANGELA

    2013-07-01

    Full Text Available I chose this topic because my goal was to capture in detail all aspects of the evolution of investment funds under the influence of factors leading to globalization of the banking financial market. Main motivation was that I proposed to present in an original manner the concept of investment in mutual funds by the thoroughness of the following points: the different types of investment funds from Romania, the advantages, the risks and the specific costs of the investment in mutual funds and the effects of the financial crisis on the industry of the investment funds on the national level. The financial crisis and the risk of infecting the global economy affected the taste of risk of the investors and their request for the investment fund, determining the orientation of the investors to the funds with a lower risk – the diversified funds, the funds of bonds and the monetary funds. I considered important the theoretical approach of the concept of investments in investment funds because they are a barometer of the macro economical stability, in case the economical increase is positive on the macro economical level the investments in investments funds are increasing too. In Romania the market of the mutual funds is at an incipient level, but with potential and perspectives of development. Due to the bankruptcy of FNI in the beginning of the years 2000 and due to the absence of a clear legislation regarding the calculation of the unitary value of the net asset and the control of the activity developed by the investment funds, the development of the industry of the investment funds had to fight against the crisis of credibility generated by these events. The convergence of the Romanian economy to the European standards will attract also a modification of the structure of the financial investments of the individuals, by an increase of the investments in funds. In the world the investment funds are preferred by the investors for their advantages

  11. Indicators of responsible investing

    NARCIS (Netherlands)

    Scholtens, Bert

    2014-01-01

    Responsible investment has witnessed significant changes in the past decade. It is estimated that about one fifth of assets under management in the US and about half of all assets under management in the EU are done on the basis of one of the seven responsible investment strategies. This paper discu

  12. Investing in the Future

    Institute of Scientific and Technical Information of China (English)

    2011-01-01

    THIS month the pretty coastal city of Xiamen is buzzing with African visitors and while they will be taking in the tourist attractions in their spare time,the focus of the visit is the High-Level Symposium on China-Africa Investment Cooperation,held on the sidelines of China International Fair for Investment and Trade (CIFIT).

  13. Action Investment Energy Games

    DEFF Research Database (Denmark)

    Larsen, Kim Guldstrand; Laursen, Simon; Srba, Jiri

    2012-01-01

    We introduce the formalism of action investment energy games where we study the trade-off between investments limited by given budgets and resource constrained (energy) behavior of the underlying system. More specifically, we consider energy games extended with costs of enabling actions and fixed...

  14. Investment in Success

    Science.gov (United States)

    Weinstein, Margery

    2010-01-01

    Operating a financial investment company in an unstable economy is not easy. But the right training at Vanguard ensures satisfied customers. The company made an investment of its own in learning and development that paid off big in 2009. The learning offerings, both innovative and efficient, keep its workers updated on strategies that bring…

  15. A cost and returns evaluation of alternative dairy products to determine capital investment and operational feasibility of a small-scale dairy processing facility.

    Science.gov (United States)

    Becker, K M; Parsons, R L; Kolodinsky, J; Matiru, G N

    2007-05-01

    This study examines the economic feasibility of 50- and 500-cow dairy processing facilities for fluid milk, yogurt, and cheese. Net present value and internal rate of return calculations for projected costs and returns over a 10-yr period indicate that larger yogurt and cheese processing plants offer the most profitable prospects, whereas a smaller yogurt plant would break even. A smaller cheese plant would have insufficient returns to cover the cost of capital, and fluid milk processing at either scale is economically infeasible. Economic success in processing is greatly contingent upon individual business, financial management, and marketing skills.

  16. Competition in investment banking

    Directory of Open Access Journals (Sweden)

    Katrina Ellis

    2011-01-01

    Full Text Available We construct a comprehensive measure of overall investment banking competitiveness for follow-on offerings that aggregates the various dimensions of competition such as fees, pricing accuracy, analyst recommendations, distributional abilities, market making prowess, debt offering capabilities, and overall reputation. The measure allows us to incorporate trade-offs that investment banks may use in competing for new or established clients. We find that firms who switch to similar-quality underwriters enjoy more intense competition among investment banks which manifests in lower fees and more optimistic recommendations. Investment banks do compete vigorously for some clients, with the level of competition related to the likelihood of gaining or losing clients. Finally, investment banks not performing up to market norms are more likely to be dropped in the follow-on offering. In contrast, firms who seek a higher reputation underwriter face relatively non-competitive markets.

  17. Agreement between parents and children's report of self-rating scale of systemic family dynamics in China%系统家庭动力学自评问卷亲子报告的一致性

    Institute of Scientific and Technical Information of China (English)

    陈一心; 李沙沙; 陈建平; 陈图农; 詹明心

    2014-01-01

    Objective To explore agreement between parent-child report of self-rating scale of systemic family dynamics (SSFD),as well as factors that may influence the agreement.Methods SSFD was used to investigate the agreement between parent and child reports on family dynamics in a sample of 639 Chinese children aged 10 to 18 years from Mainland China,and possible influence factors.Results The results showed that there was significant difference between parent-child report of SSFD.The parents had significant lower score than their children at atmosphere,individuation and disease conception and had higher score at system logic (all P<0.01).But the two still had significant positive correlation (correlations ranging from 0.15 to 0.38),indicating a low to moderate agreement between them(r=-0.15-0.38,all P<0.01).The age factor was related to parent-children agreement on SSFD.Parent-child agreement was highest for family atmosphere,followed by individuation,system logic and disease conception.The age factor was related to parent-child agreement on SSFD.Conclusions Both parents' and children's reports of SSFD can be used to assess family dynamics,however,attention should be payed to the affection of parent-child report's difference and age factor to the results.%目的 探索系统家庭动力学自评问卷亲子报告的一致性及其影响因素.方法 应用系统家庭动力学自评问卷(self-rating scale of systemic family dynamics,SSFD)研究了639例10~18岁正常儿童及其父母对家庭动力学评价的一致性,以及可能的影响因素.结果 父母与子女对SSFD四个维度的评分差异有统计学意义,父母对家庭气氛、个性化和疾病观念三个维度的评分低于子女的评分(均P<0.01),而父母对系统逻辑的评分高于子女的评分(P<0.01);父母与子女对SSFD的报告呈正相关性,但一致性程度为中等偏下水平(r=0.15~0.38,均P<0.01).一致性水平由高到低分别为家庭气氛、个性化、

  18. Investment Lending as a Method Of Investment Projects Financing

    OpenAIRE

    Svitlana Urvantseva

    2014-01-01

    The article deals with the genesis consideration of "investment loan" definition. The author provides comparative characteristics of the main forms of investment projects financing involving credit institution. A generalized definition of the project financing and investment lending essence are suggested.

  19. Strategic Implications of the North American Free Trade Agreement (NAFTA)

    Science.gov (United States)

    1993-04-01

    Follow-on bilateral agreements with the United States brought investment and swift growth in exports. When Carlos Salinas de Gortari was elected...Free Trade Agreement (FTA), 5 President Salinas , joined Canadian Prime Minister Mulroney and U.S. President Bush in formally proposing the North...Mexico had completed negotiation of the North American Free Trade Agreement. President Bush, Prime Minister Mulroney, and President Salinas signed the

  20. Agreement in Bloomfield.

    Science.gov (United States)

    Langendoen, D. Terence; McDaniel, Dana S.

    A discussion of Leonard Bloomfield's theory on grammatical agreement examines agreement within Bloomfield's overall scheme of syntactic analysis and relates it to current work in syntax. Bloomfield's three types of agreement (concord, government, and cross-reference) are outlined and compared to the contemporary distinction between pro-drop and…

  1. FACTORS DETERMINING THE INVESTMENT ATTRACTIVENESS OF THE REGION

    Directory of Open Access Journals (Sweden)

    O. I. Avtsinov

    2014-01-01

    Full Text Available Summary.In the article we can see relevance of the research aimed at creating a favorable investment climate in the country and its regions, as a necessary condition for solving the problems of modernization of industrial production, the introduction of scientific and technological progress in all spheres of public life, the implementation of large-scale social and productive programs. In the study we justify the theoretical principles and reveal the essence of the relationship concepts: investment climate, investment attractiveness and investment activity. It is proved that the investment attractiveness should be considered as a sign of factorial and important component of the investment climate in the region, and investment activity as a sign score. In the study we can see a wide range of factors shaping favorable conditions for investment activities. The author focuses on the importance of non-traditional factors shaping the investment attractiveness of such as reducing the time to connect to power grid, information communication, improvement of tax reporting procedures, clarity of customs work, the introduction of regulations for obtaining permits for construction of facilities and reducing the number of required documents. This article analyzes of the indices and the key factors of investment attractiveness of the Voronezh region, which attract investment, exceeding the national average. The main ones are the development of new industrial parks with good transport, engineering, business infrastructure. Investors in the region have favorable conditions to carry on business on the prepared sites with painted communications, junctions, allowing them to reduce production costs, while correspondingly increasing the investment attractiveness of the area. Success of the attracting investment in the Voronezh region is largely due to the introduction standard of the executive bodies of state power, including 15 documents designed to make the

  2. Investment Evaluation Difficulties

    Directory of Open Access Journals (Sweden)

    Bogdan Cosmin Gomoi

    2011-12-01

    Full Text Available The financial criteria used for evaluation of the enterprise are not numerous; however, they are causing heated discussion on whether using a criterion at the expense of another. The most utilized financial criteria used in the ranking of investment alternatives are: the net present value criterion, the internal rate of return criterion, the payback period limit criterion and last, but not least, the profitability index criterion. These criteria have in mind, in the first place: \tinvestments impact on enterprise profitableness and results, by recording the future positive cash-flow \tinvestments influence on the balance of an enterprise, traced through the evolution, on one side of the working capital , on the other hand, the size of necessary working capital \tincidence of the investment project on enterprise risk level Therefore, to ensure the best possible decision making, investors must choose of using, and why not, even construction of relevant indicators regarding the opportunity of an investment decision in one alternative or another. It is advisable to take into account a number of principles, which are nothing more than to highlight various aspects of technical analysis of investment projects. As a result, it is preferable not to neglect the value of money in time problem, solved by using dynamic indicators of investment; investment project analysis with reference the binomial risk - profitableness, ensuring that profitableness of an investment is directly proportional to the risk category in which is framed; the basis for the investment decision to materialize with the help of marginal cash flow analysis and, certainly not with the help of paper profits; taking into consideration the fiscal policy of the company; elimination of the inflationary phenomenon in the decision process; targeting of low risk investment projects, because this risk adds to the whole risk of the enterprise etc.

  3. Knowledge Enclosures, Forced Specializations and Investment Crisis

    Directory of Open Access Journals (Sweden)

    Filippo Belloc

    2012-12-01

    Full Text Available Like land before the industrial revolution, in the present global economy much knowledge is being enclosed in private hands. In this paper we argue that these enclosures have become a major factor in specialization among firms and among countries: both are forced to specialize in the fields that are not restricted by the enclosures of the others. We use data on 26 OECD countries over the 1978-2006 period. We estimate the effect of patents endowments of countries on their investment specialization across sectors and show that knowledge enclosures involve self-reinforcing innovation patterns. Moreover, we perform a structural change analysis and find that the TRIPs agreement has significantly strengthened the relationship between countries' patents specialization and investment specialization. We conclude by suggesting that stronger international patent protection may restrict global investment opportunities, and this may be one of the factors contributing to the present crisis.

  4. Investment in the Future

    Institute of Scientific and Technical Information of China (English)

    王学文

    2004-01-01

    As we enter the end of the first economic quarter of 2004, statistics are indicating that by the end the year direct foreign investment will hit an all time high. However, as is often the case, economy and trade is not a one-way-street.This is why this month we take a closer look at Chinese investments abroad.While the footprints of Chinese investment can be discovered without greatdifficulty in America and Europe, CIB this month explores a similar trend emerging in countries such as Thailand, Bangladesh and Africa.

  5. China Welcomes Global Investment

    Institute of Scientific and Technical Information of China (English)

    2010-01-01

    China is making an effort to building a fair market to attract overseas investment,China’s vice-premier told the gathering of CEOs in Beijing, adding that the meeting with its influence,will promote global business cooperation.

  6. Parental Investments in Children

    DEFF Research Database (Denmark)

    Bonke, Jens; Esping-Andersen, Gösta

    This study examines parental time investment in their children, distinguishing between developmental and non-developmental care. Our analyses centre on three influential determinants: educational background, marital homogamy, and spouses’ relative bargaining power. We find that the emphasis...

  7. Sanitation investments in Ghana

    DEFF Research Database (Denmark)

    Awunyo-Akaba, Y.; Awunyo-Akaba, J.; Gyapong, M.

    2016-01-01

    Background: Ghana’s low investment in household sanitation is evident from the low rates of improved sanitation. This study analysed how land ownership, tenancy security and livelihood patterns are related to sanitation investments in three adjacent rural and peri-urban communities in a district...... with people’s willingness and ability to invest in household sanitation across all communities. The status of being a stranger i.e. migrant in the area left some populations without rights over the land they occupied and with low incentives to invest in sanitation, while indigenous communities were challenged...... by the increasing appropriation of their land for commercial enterprises and for governmental development projects. Interview responses suggest that increasing migrant population and the high demand for housing in the face of limited available space has resulted in general unwillingness and inability to establish...

  8. Catering to Investment

    Institute of Scientific and Technical Information of China (English)

    2008-01-01

    How a Hong Kong businesswoman became the mainland’s first overseas investor china has been the biggest recipient of foreign direct investment (FDI) among developing nations for 16 consecutive years.

  9. Innovation investment area: Technology summary

    Energy Technology Data Exchange (ETDEWEB)

    1994-03-01

    The mission of Environmental Management`s (EM) Office of Technology Development (OTD) Innovation Investment Area is to identify and provide development support for two types of technologies that are developed to characterize, treat and dispose of DOE waste, and to remediate contaminated sites. They are: technologies that show promise to address specific EM needs, but require proof-of-principle experimentation; and (2) already proven technologies in other fields that require critical path experimentation to demonstrate feasibility for adaptation to specific EM needs. The underlying strategy is to ensure that private industry, other Federal Agencies, universities, and DOE National Laboratories are major participants in developing and deploying new and emerging technologies. To this end, about 125 different new and emerging technologies are being developed through Innovation Investment Area`s (IIA) two program elements: RDDT&E New Initiatives (RD01) and Interagency Agreements (RD02). Both of these activities are intended to foster research and development partnerships so as to introduce innovative technologies into other OTD program elements for expedited evaluation.

  10. Invigorating Private Investment

    Institute of Scientific and Technical Information of China (English)

    2010-01-01

    Chinese Premier Wen Jiabao set in motion the policies and measures to encourage and guide the sound development of private investment at an executive meeting of the State Council on March 24. While aimed at improving the overall private investment environment, these measures will help promote China’s economic restructuring and maintain its growth momentum, said Sun Lijian,a professor of finance at Fudan University in Shanghai, in an article for Shanghai Securities News.Edited excerpts follow:

  11. Invigorating Private Investment

    Institute of Scientific and Technical Information of China (English)

    2010-01-01

    @@ Chinese Premier Wen Jiabao set in motion the policies and measures to encourage and guide the sound development of private investment at an executive meeting of the State Council on March24.While aimed at improving the overall private investment environment,these measures will help promote China's economic restructuring and maintain its growth momentum,said Sun Lijian,a professor of finance at Fudan University in Shanghai,in an article for Shanghai Securities News.

  12. Guiding Overseas Investment

    Institute of Scientific and Technical Information of China (English)

    LAN XINZHEN

    2010-01-01

    @@ In line with China's economic development,a policy introduced earlier this year was meant to optimize the structure of and serve as a guideline in utilizing foreign capital and dircct such investment to China's central and western regions. Now, a new scheme is dem-onstrating the Chinese Government's determi-nation and confidence to further improve the investment environment for foreign capital and enhance its policy initiative.

  13. Japanese investment in Peru: limits of developmental investment

    OpenAIRE

    Kamiya, Marco

    2004-01-01

    Japanese Investment in Latin America was considerable in the 1960s and 1970s, but the investment never took off in the developmental style as in East Asia. The author examines why Japanese Foreign Direct Investment in Peru did not follow the pattern of developmental investment, analyzing the elements involved regarding policies in Peru and particular circumstances in Japan in the 1990 decade.

  14. The Oro-Facial Investment Scale (OFIS) – A Novel Outcomes and Evaluation Measure for Self-Appraised Oro-Facial Behavioural and Aesthetic Constructs among Professional Healthcare Students of Belagavi : A Cross-Sectional Study

    Science.gov (United States)

    Ankola, Anil V; Jalihal, Sagar G

    2016-01-01

    Introduction Several studies have shown that self perceived dental appearance is an important determinant in the decision to seek treatment. Aim The aim of the present study was to assess the self-perceived oral health knowledge, attitude, practice, behaviour and perception among 18-20 year old students of professional healthcare institutions in Belagavi city, Karnataka. Materials and Methods The novel 21 item Oro-Facial Investment Scale (OFIS) formulated for this study was distributed to 600 students of professional healthcare institutions (200 each from Medical, Physiotherapy and Ayurveda specialties respectively). Psychometric properties of the questionnaire were assessed. Descriptive statistics and chi-square test were applied. Results Total 98.17% practiced the use of facial and oral care products on a regular basis. All 600 participants disagreed that they hate their facial appearance and the way their teeth looked. Out of 200 Ayurveda students, 37 were unsatisfied with the appearance of their teeth. Also, majority of the respondents agreed that they take prompt care of oral wounds or lesions. While majority of the subjects did not feel conscious when a dentist checks their teeth, a robust 153 respondents expressed their reservations for their dental examination to be performed. Conclusion The OFIS seamlessly amalgamates the dental unit with the immediate facial components; hence, bringing together, in harmony, a multifaceted dimension in self assessment of the overall facial and dental behavioural practices. PMID:28050503

  15. Investing in river health.

    Science.gov (United States)

    Bennett, J

    2002-01-01

    Rivers provide society with numerous returns. These relate to both the passive and extractive uses of the resources embodied in river environments. Some returns are manifest in the form of financial gains whilst others are non-monetary. For instance, rivers are a source of monetary income for those who harvest their fish. The water flowing in rivers is extracted for drinking and to water crops and livestock that in turn yield monetary profits. However, rivers are also the source of non-monetary values arising from biological diversity. People who use them for recreation (picnicking, swimming, boating) also receive non-monetary returns. The use of rivers to yield these returns has had negative consequences. With extraction for financial return has come diminished water quantity and quality. The result has been a diminished capacity of rivers to yield (non-extractive) environmental returns and to continue to provide extractive values. A river is like any other asset. With use, the value of an asset depreciates because its productivity declines. In order to maintain the productive capacity of their assets, managers put aside from their profits depreciation reserves that can be invested in the repair or replacement of those assets. Society now faces a situation in which its river assets have depreciated in terms of their capacity to provide monetary and non-monetary returns. An investment in river "repair" is required. But, investment means that society gives up something now in order to achieve some benefit in the future. Society thus has to grapple wih the choice between investing in river health and other investments--such as in hospitals, schools, defence etc. - as well as between investing in river health and current consumption--such as on clothes, food, cars etc. A commonly used aid for investment decision making in the public sector is benefit cost analysis. However, its usefulness in tackling the river investment problem is restricted because it requires all

  16. Evaluating the agreement between measurements and models of net ecosystem exchange at different times and time scales using wavelet coherence: an example using data from the North American Carbon Program Site-Level Interim Synthesis

    Directory of Open Access Journals (Sweden)

    P. C. Stoy

    2013-02-01

    Full Text Available Earth system processes exhibit complex patterns across time, as do the models that seek to replicate these processes. Model output may or may not be significantly related to observations at different times and on different frequencies. Conventional model diagnostics provide an aggregate view of model-data agreement, but usually do not identify the time and frequency patterns of model misfit, leaving unclear the steps required to improve model response to environmental drivers that vary on characteristic frequencies. Wavelet coherence can quantify the times and frequencies at which models and measurements are significantly different. We applied wavelet coherence to interpret the predictions of twenty ecosystem models from the North American Carbon Program (NACP Site-Level Interim Synthesis when confronted with eddy covariance-measured net ecosystem exchange (NEE from ten ecosystems with multiple years of available data. Models were grouped into classes with similar approaches for incorporating phenology, the calculation of NEE, and the inclusion of foliar nitrogen (N. Models with prescribed, rather than prognostic, phenology often fit NEE observations better on annual to interannual time scales in grassland, wetland and agricultural ecosystems. Models that calculate NEE as net primary productivity (NPP minus heterotrophic respiration (HR rather than gross ecosystem productivity (GPP minus ecosystem respiration (ER fit better on annual time scales in grassland and wetland ecosystems, but models that calculate NEE as GPP – ER were superior on monthly to seasonal time scales in two coniferous forests. Models that incorporated foliar nitrogen (N data were successful at capturing NEE variability on interannual (multiple year time scales at Howland Forest, Maine. Combined with previous findings, our results suggest that the mechanisms driving daily and annual NEE variability tend to be correctly simulated, but the magnitude of these fluxes is often

  17. Shareholders' agreements in Denmark

    DEFF Research Database (Denmark)

    Werlauff, Erik

    2010-01-01

    analyses the consequences of this. Rights and duties in the owners’ agreements must now be reiterated to the greatest possible extent in the company’s articles of association so that the precepts become binding on the company and its management. Whether the parties to the owners’ agreement can be required...

  18. Agreement on African Venture

    Institute of Scientific and Technical Information of China (English)

    LAN XINZHEN

    2010-01-01

    @@ China's biggest aluminum producer Aluminum Corp.China Ltd.(Chalco) signed a binding agreement with the world's second largest mining company,Rio Tinto,on July 29 in Beijing.The agreement will establish a joint venture to develop and operate the Simandou iron ore project in Guinea,Africa.

  19. The Helsinki Agreement

    Science.gov (United States)

    Babel: Journal of the Australian Federation of Modern Language Teachers' Associations, 1977

    1977-01-01

    A reprint of sections of the Helsinki agreement dealing with foreign languages and civilization, and cooperation and exchanges in the field of education. The agreement supports wider knowledge of foreign languages and promotes exchanges, cooperation, lexicography, and specialized programs in adult education. (AMH)

  20. 75 FR 21614 - Investing in Innovation Fund

    Science.gov (United States)

    2010-04-26

    ... Investing in Innovation Fund Catalog of Federal Domestic Assistance (CFDA) Numbers: 84.396A (Scale-up grants), 84.396B (Validation grants), and 84.396C (Development grants). AGENCY: Office of Innovation and... Innovation Fund. This notice makes a correction to the March 12 NIA. FOR FURTHER INFORMATION CONTACT:...

  1. Political Idea And Investments Safety

    Directory of Open Access Journals (Sweden)

    Vaidotas Matutis

    2011-06-01

    Full Text Available In this paper we discussing about the potential threats to the investments safety evaluation system, creating the model of the system analysis methods when a new political concept is raised in the country. Traditionally, as we already know that politic and economic are inextricably linked. We can easily assure in it using the historical overview of the political and economic interactions. So the question: how the investment safeties are depending from political environment when a new political concept is raised in the country? Become actual and important. The method assumptions suggested and discussed in this paper are made according to the summaries of public surveys and research results of sociologists, political scientists and psychologists of different countries. These summaries are made analyzing the survey and research results systematically and separately from the variety of their initial objectives. We construct the dimensional frame of references combining the time axes, government forms scale, ideology scale and call they Politological system of axis. It help to us show that if a new political concept is raised in the country, it will be supported and developed by the majority of society members only if its political-ideological essence is possible to show in the chosen politological frame of reference and the point are possible to mark in the area of the most typical structures of the statistical division of the society individuals’ approaches at the set point of time and the deviance of this concept is not forecast in the nearest future. The methods we are discussing provide the specialists with the opportunity to evaluate the possibilities of inside threats to the investments safety still in the political concept raising process and its political-ideological core. To summarize this discussion, we can make once more conclusion as following: the main threat to the investments safety after the new political concept raising is the

  2. On Imprecise Investment Recommendations

    Directory of Open Access Journals (Sweden)

    Piasecki Krzysztof

    2014-08-01

    Full Text Available The return rate is considered here as a fuzzy probabilistic set. Then the expected return is obtained as a fuzzy subset in the real line. This result is a theoretical foundation for new investment strategies. All considered strategies result of comparison profit fuzzy index and limit value. In this way we obtain an imprecise investment recommendation. Financial equilibrium criteria are a special case of comparison of the profit index and the limit value. The following criteria are generalized here: the Sharpe's Ratio, the Jensen's Alpha and the Treynor's Ratio. Moreover, the safety-first criteria are generalized here for the fuzzy case. The Roy Criterion, the Kataoka Criterion and the Telser Criterion are also generalized. Obtained results show that proposed theory is useful for the investment applications.

  3. Investing in SADC

    Institute of Scientific and Technical Information of China (English)

    Guo Yan

    2011-01-01

    @@ "Cihina is willing to in-crease the imports from the SADC, encourage enterprises with strength and good reputation to invest in SADC countries.Both sides should further strengthen cooperation in economy and trade, investment, finance, energy resources, infrastructure and other fields, to realize mutual benefits and the win-win," said Chinese vice premier Wang Qishan recently on the opening ceremony for China and Southern African Development Community (SADC) Economic and Trade Forum. This is the first time for China, the largest trade partner of SADC, to hold a forum for entrepreneurs and investors from both sides in Beijing and investors, aiming at further promoting the trade and investment.Chinese vice Premier Wang Qishan and Pohamba, rotating chairman of SADC and president of Namibia, attended the ceremony and made speeches.Under the witness of Wang and Pohamba, CCPIT and the secretariat of SADC signed cooperation documents.

  4. Irreversible investments revisited

    DEFF Research Database (Denmark)

    Sandal, Leif K.; Steinshamn, Stein I.; Hoff, Ayoe

    2007-01-01

    A multi-dimensional, non-linear dynamic model in continuous time is presented for the purpose of finding the optimal combination of exploitation and capital investment in optimal renewable resource management. Non-malleability of capital is incorporated in the model through an asymmetric cost......-function of investment, and investments can be both positive and negative. Exploitation is controlled through the utilisation rate of available capital. A novel feature in this model is that there are costs associated with the available capital whether it is utilised or not. And, in contrast to most of the previous...... literature, the state variables, namely the physical capital and the biological resource, enter the objective function. Due to the nonlinearities in this model some of the results are in sharp contrast to previous literature....

  5. Real estate investment dynamics

    OpenAIRE

    Gruber, Johannes

    2010-01-01

    This thesis is motivated by the steadily increasing interest in the dynamic relationship between the macro-economy and the real estate sector. One of the main issues in this respect is to study the investment dynamics. Since the bursting of the U.S. housing bubble in 2006 is identified as the point of origin of the so called subprime crises, which led to the collapse of the U.S. financial system, the dynamics of real estate investments is of particular interest. In the first part of my the...

  6. Guiding Overseas Investment

    Institute of Scientific and Technical Information of China (English)

    2010-01-01

    Detailed tasks have been assigned to different government departments to attract and utilize foreign capital In line with China’s economic development,a policy introduced earlier this year was meant to optimize the structure of and serve as a guideline in utilizing foreign capital and direct such investment to China’s central and western regions. Now,a new scheme is demonstrating the Chinese Government’s determination and confidence to further improve the investment environment for foreign capital and enhance its policy initiative.

  7. The quid-pro-quo of environmental agreements: Reflections on industrial energy efficiency agreements from five countries

    Energy Technology Data Exchange (ETDEWEB)

    Helby, Peter

    2001-10-01

    This workshop paper reflects on the exchange of values between the government side and the business side, which is a core logic of environmental agreements. The reflections refer to case studies of industrial energy efficiency agreements from Denmark, France, Germany, Netherlands and Sweden, originating from the VAIE project (Voluntary Agreements, Implementation and Efficiency). The government bargaining chips discussed are monetary rewards, help to gain competitive advantage, regulatory flexibility and political protection. The business side bargaining chips are emission limits, organisational change, investments, information, submission to control and political pain reduction. The discussion underlines the need for substantial commitments by the government side, as a precondition for achieving effective agreements.

  8. Trade Agreements PTI

    Data.gov (United States)

    Department of Homeland Security — The objective of the Trade Agreements PTI is to advance CBP’s mission by working with internal and external stakeholders to facilitate legitimate trade and address...

  9. International Fisheries Agreements

    DEFF Research Database (Denmark)

    Pintassilgo, Pedro; Kronbak, Lone Grønbæk; Lindroos, Marko

    2015-01-01

    . Then, progres- sively, this cooperative approach was combined with non-cooperative elements such as the stability analysis of the agreements. Finally, partition function games, which model coalition formation endogenously, were introduced and became the standard approach to study the formation......This paper surveys the application of game theory to the economic analysis of international fisheries agreements. The relevance of this study comes not only from the existence of a vast literature on the topic but especially from the specific features of these agreements. The emphasis of the survey...... is on coalition games, an approach that has become prominent in the fisheries economics literature over the last decade. It is shown that coalition games were first applied to international fisheries agreements in the late 1990s addressing cooperative issues under the framework of characteristic function games...

  10. Service level agreements.

    Science.gov (United States)

    Grimwood, A

    1998-02-01

    Service level agreements provide clearer descriptions of the services to be provided and the objectives to be met. In many instances it is the first time that services have been defined allowing their performance to be suitably measured. They should be output based and not too prescriptive on how the services are to be delivered. The emphasis should be on establishing outputs and the arrangements for monitoring achievement. Customer expectations can exceed available resources and arbitration may become necessary if agreement cannot be reached on internal service level agreements. The main requirements of customers for change through service level agreements is usually improved communications on job status that includes notification of any delays and that agreed response times will be met.

  11. Investment Strategy and Efficiency of Investment Activity of European Insurers

    Directory of Open Access Journals (Sweden)

    Zhabynets Olga Yo.

    2014-02-01

    Full Text Available The article studies investment strategy and efficiency of investment activity of European insurance companies. In particular, it analyses the share of investments of insurance companies of Europe in GDP, investment portfolio of European insurers and its structure, contribution of insurance companies – leaders of investment activity – into the European investment portfolio. It studies influence of the financial crisis upon investment strategy of European insurers and analyses efficiency of investment activity of European insurers in risk insurance and life insurance. The article proves that investment business models of insurance companies are capable of resisting crisis phenomena more efficiently than other financial institutions. It marks out that measures of insurance companies that are directed at increase of profitability of investments require from them both significant expenditures on creation of the system of investment risk management and open access to different categories of financial assets and markets, which influences the general risk level, taken upon by an insurance company. The author draws a conclusion that, taking into account recent developments, European insurers should focus on equity and investment risk management, finding new possibilities for their (investments growth and also adaptation of new systems and operations for solution of these important tasks.

  12. Huge Investment Needed

    Institute of Scientific and Technical Information of China (English)

    2006-01-01

    China needs a massive investment to maintain its rampant economic boom-at least a 20 percent annual growth rate, according to Fan Gang, Deputy Director of the National Economic Research Institute and a member of the central bank's Monetary Policy Committee.

  13. Foreign Investment Welcome

    Institute of Scientific and Technical Information of China (English)

    2006-01-01

    BusinessWeek recently published an article reporting that China is becoming hostile to foreign capital and that China's policy on foreign investment will change to reflect that attitude. Yi Xianrong, a researcher at the Institute of Finance and Banking of the Chinese Academy of Social Sciences, explains China's position in an article posted on People's Daily Online.

  14. Investment and uncertainty

    DEFF Research Database (Denmark)

    Greasley, David; Madsen, Jakob B.

    2006-01-01

    A severe collapse of fixed capital formation distinguished the onset of the Great Depression from other investment downturns between the world wars. Using a model estimated for the years 1890-2000, we show that the expected profitability of capital measured by Tobin's q, and the uncertainty...

  15. Investment Insight Opportunities Ahead

    Institute of Scientific and Technical Information of China (English)

    2006-01-01

    Over the next five years, China will be shitting its focus to more balanced development and what it sees as quality growth. Its two main strategies are promoting innovation-with the government-backed industrial upgrading-and strengthening the rural economy. This shift will lead to massive investment and fresh, wealth-making opportunities. In the stock

  16. Investing in Youth: Brazil

    Science.gov (United States)

    OECD Publishing, 2014

    2014-01-01

    The series Investing in Youth builds on the expertise of the Organisation for Economic Cooperation and Development (OECD) on youth employment, social support and skills. It covers both OECD countries and countries in the process of accession to the OECD, as well as some emerging economies. This report provides a detailed diagnosis of the youth…

  17. Evaluating Animal Health Investments

    NARCIS (Netherlands)

    Rushton, J.; Raboisson, D.; Velthuis, A.G.J.; Bergevoet, R.H.M.

    2012-01-01

    Economic evaluation of livestock diseases can either estimate their impact in terms of disease losses and treatment costs or it can examine the value of investments in coordinated disease control or eradication programmes. The latter evaluations can be ex ante and ex post and are useful in determini

  18. Beyond the Investment Narrative

    Science.gov (United States)

    Moss, Peter

    2013-01-01

    The current policy interest in early childhood education and care is driven by an investment narrative, a story of quality and high returns emerging from a dominant neoliberal political economy. This short note expresses deep reservations about this narrative, and hints at another narrative that foregrounds democracy, experimentation and…

  19. Investing in Diamonds

    NARCIS (Netherlands)

    Renneboog, Luc

    2015-01-01

    This paper examines the risk-return characteristics of investment grade gems (white diamonds, colored diamonds and other types of gems including sapphires, rubies, and emeralds). The transactions are coming from gem auctions and span the period 1999-2012. Over our time frame, the annual nominal USD

  20. Inflation Protected Investment Strategies

    Directory of Open Access Journals (Sweden)

    Mirco Mahlstedt

    2016-03-01

    Full Text Available In this paper, a dynamic inflation-protected investment strategy is presented, which is based on traditional asset classes and Markov-switching models. Different stock market, as well as inflation regimes are identified, and within those regimes, the inflation hedging potential of stocks, bonds, real estate, commodities and gold are investigated. Within each regime, we determine optimal investment portfolios driven by the investment idea of protection from losses due to changing inflation if inflation is rising or high, but decoupling the performance from inflation if inflation is low. The results clearly indicate that these asset classes behave differently in different stock market and inflation regimes. Whereas in the long-run, we agree with the general opinion in the literature that stocks and bonds are a suitable hedge against inflation, we observe for short time horizons that the hedging potential of each asset class, especially of real estate and commodities, depend strongly on the state of the current market environment. Thus, our approach provides a possible explanation for different statements in the literature regarding the inflation hedging properties of these asset classes. A dynamic inflation-protected investment strategy is developed, which combines inflation protection and upside potential. This strategy outperforms standard buy-and-hold strategies, as well as the well-known 1 N -portfolio.

  1. Increasing investment in Nagqu

    Institute of Scientific and Technical Information of China (English)

    2005-01-01

    Nagqu has successfully commenced investment to its major construction projects from January to September of 2004. An official of the Local Development and Reform Commission remarks, that according to their plan,they should complete 75 new-started and restored projects,

  2. Investing in Youth: Lithuania

    Science.gov (United States)

    OECD Publishing, 2016

    2016-01-01

    The series Investing in Youth builds on the expertise of the Organisation for Economic Cooperation and Development (OECD) on youth employment, social support and skills. It covers both OECD countries and countries in the process of accession to the OECD, as well as some emerging economies. The present report on Lithuania is the fourth of a new…

  3. Bringing up Private Investment

    Institute of Scientific and Technical Information of China (English)

    2010-01-01

    The Chinese Government promises private investors a bigger role in the country’s booming industry sector Encouraging and guiding healthy development of private investment was at the forefront of the State Council’s latest measures to invigorate the private sector.

  4. Investment terms and level of control of China’s Sovereign Wealth Fund in its portfolio firms

    NARCIS (Netherlands)

    Li, Jing

    2016-01-01

    Based on a hand-collected dataset consisting of 61 M&As, 8 JVs and 28 fund investments made by China Investment Corporation from 2007 to the end of 2015, this chapter empirically studies the contractual terms of these investment agreements. It is found that while CIC usually holds significant but no

  5. GLOBAL TRENDS OF ALTERNATIVE INVESTMENTS

    Directory of Open Access Journals (Sweden)

    Ivan LUCHIAN

    2016-08-01

    Full Text Available An alternative investment is an investment product other than the traditional investments of stocks, bonds, cash, or property. The term is a relatively loose one and includes tangible assets such as art, wine, antiques, coins, or stamps and some financial assets such as commodities, hedge funds, venture capital,and others. At the moment it was created a global industry opportunities for making investments in nontraditional form. The aim of this paper consists in demonstrating the possibilities of these investments. For this have been studied related main international markets, a fter then deducted world dominant trends. This article is concerned to present some details of alternative investments global market.

  6. ESG Integration and the Investment Management Process : Fundamental Investing Reinvented

    NARCIS (Netherlands)

    van Duuren, Emiel; Plantinga, Auke; Scholtens, Bert

    2016-01-01

    We investigate how conventional asset managers account for environmental, social and governance factors (ESG) in their investment process. We do so on the basis of an international survey among fund managers. We find that many conventional managers integrate responsible investing in their investment

  7. 12 CFR 1805.802 - Assistance Agreement; sanctions.

    Science.gov (United States)

    2010-01-01

    ... internal controls; and/or (4) Achieve specific lending, investment, and development service objectives... 12 Banks and Banking 7 2010-01-01 2010-01-01 false Assistance Agreement; sanctions. 1805.802 Section 1805.802 Banks and Banking COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS FUND, DEPARTMENT OF...

  8. RISKS IN INVESTMENT AND MANAGEMENT

    Directory of Open Access Journals (Sweden)

    Ms. Tatiana A. Ykovleva

    2016-12-01

    Full Text Available The article discusses the features of investment risks and their causes, as well as provides a detailed classification of investment risks. The authors reveal the essence and content of the investment process, risk management, providing material for presentation in the form of a diagram. In conclusion, the article explains the use of the system of specialized institutions as a way to exclude the basic, or primary investment risk.

  9. Legal restrictions and Investment Growth

    NARCIS (Netherlands)

    Lensink, B.W.; Scholtens, B.

    2007-01-01

    We analyze the impact of legal restrictions on investment growth at the firm level. With the help of a unique firm-level survey database, we analyze whether firm investments are related to the efficiency and quality of the judiciary. Furthermore, we analyze whether the investment behavior of large a

  10. Legal restrictions and investment growth

    NARCIS (Netherlands)

    Lensink, B.W.; Scholtens, B.

    2007-01-01

    We analyze the impact of legal restrictions on investment growth at the firm level. With the help of a unique firm-level survey database, we analyze whether firm investments are related to the efficiency and quality of the judiciary, Furthermore, we analyze whether the investment behavior of large a

  11. Thailand : Investment Climate Assessment Update

    OpenAIRE

    World Bank

    2008-01-01

    This report provides an up-to-date assessment of the investment climate of Thailand. As the socio-economic framework in which enterprises operate including infrastructure, policies and regulations improving the investment climate is helpful for productivity and economic growth. The report is based mainly on the results of the second round of the Thailand Productivity and Investment Climate...

  12. ;Agreement; in the IPCC Confidence measure

    Science.gov (United States)

    Rehg, William; Staley, Kent

    2017-02-01

    The Intergovernmental Panel on Climate Change (IPCC) has, in its most recent Assessment Report (AR5), articulated guidelines for evaluating and communicating uncertainty that include a qualitative scale of confidence. We examine one factor included in that scale: the ;degree of agreement.; Some discussions of the degree of agreement in AR5 suggest that the IPCC is employing a consensus-oriented social epistemology. We consider the application of the degree of agreement factor in practice in AR5. Our findings, though based on a limited examination, suggest that agreement attributions do not so much track the overall consensus among investigators as the degree to which relevant research findings substantively converge in offering support for IPCC claims. We articulate a principle guiding confidence attributions in AR5 that centers not on consensus but on the notion of support. In concluding, we tentatively suggest a pluralist approach to the notion of support.

  13. EBRD equity investment

    Directory of Open Access Journals (Sweden)

    Simen, A.

    2012-01-01

    Full Text Available The EBRD is the largest investor in private equity funds, mainly focusing on growth and expansion in countries of operation. The significant support to its private equity fund managers accelerates the development and institutionalisation of the private equity industry in the region. For EBRD, equity investments are made indirectly through regional and sector funds. These funds are created by groups of investors, mostly private, to which the EBRD participates with capital.

  14. Investment Opportunities & Job Information

    Institute of Scientific and Technical Information of China (English)

    2006-01-01

    Shanghai Vacancies from Chinajob.com China Pacific Insurance (Group) Co. Ltd. Senior Investment Manager and Senior Accounting Analyst are needed, full time; annual salary: $50,000-100,000. China Europe International Business School wants professors or people with doctoral degrees to teach Accounting, Finance, Human Resources and Management, Strategic and General Management, Carving out Management, Production and Transportation Management, and Information Management Systems, full time. Salary starts at $1...

  15. Investments into education

    DEFF Research Database (Denmark)

    Kirchsteiger, Georg; Sebald, Alexander Christopher

    2006-01-01

    groups with differing human capital and welfare levels. Depending on the parameters of the model, a temporary or permanent public investment into human capital formation is needed to overcome steady states with low human capital and welfare levels. Furthermore, even the best steady state is suboptimal...... when the human capital is privately provided. This inefficiency can be removed by a permanent public subsidy for education....

  16. FFTF Authorization Agreement

    Energy Technology Data Exchange (ETDEWEB)

    DAUTEL, W.A.

    2000-02-25

    The purpose of the Authorization Agreement is to serve as a mechanism whereby the U.S. Department of Energy, Richland Operations Office (RL) and Fluor Hanford (FH) jointly clarify and agree to key conditions for conducting work safely and efficiently.

  17. Interaction Among Construction Investment, Other Investment and GDP in China

    Institute of Scientific and Technical Information of China (English)

    郑思齐; 刘洪玉

    2004-01-01

    With Granger causality method, this paper examines the causal dynamics among three economic fundamentals: construction investment, other investment and the gross domestic product (GDP). Short-run and long-run interactive effects among these three time series are analyzed from 1981 to 2001. The empirical results show that construction investment has a stronger short-run effect on economic growth than other investment, and economic growth has a long-term effect on both construction and other investments. These findings indicate that construction investment is an important factor influencing short-term economic growth fluctuations, with its growth stimulating economic growth and its slumps leading to downside fluctuations. At the same time, investment growth cannot be sustained without the support of the national economy. These empirical results have important implications for economic policy makers in China.

  18. Gender Differences in Investment Preferences

    Directory of Open Access Journals (Sweden)

    Nizamettin Bayyurt

    2013-05-01

    Full Text Available The paper attempts to explore how women and men differ in their individual investment preferences. Although there are some studies for the investors in developed countries, the subject has been overlooked in emerging and underdeveloped countries. Therefore, this study is the first empirical study exploring the investment behaviors of women and men by focusing on an emerging country, Turkey. For the purpose to find out how investment preferences of men and women differ towards six investment tools, namely, gold, foreign currency, funds, common stocks, real estates, and time deposits, a discriminant analysis and a logistic regression were exercised. The results revealed that while men investors prefer common stocks and real estate to invest women investors are more risk averse and invest fund, time deposit and gold. There is no significant difference between men and women in foreign currency investment.

  19. Gender Differences in Investment Preferences

    Directory of Open Access Journals (Sweden)

    Nizamettin Bayyurt

    2016-02-01

    Full Text Available The paper attempts to explore how women and men differ in their individual investment preferences. Although there are some studies for the investors in developed countries, the subject has been overlooked in emerging and underdeveloped countries. Therefore, this study is the first empirical study exploring the investment behaviors of women and men by focusing on an emerging country, Turkey. For the purpose to find out how investment preferences of men and women differ towards six investment tools, namely, gold, foreign currency, funds, common stocks, real estates, and time deposits, a discriminant analysis and a logistic regression were exercised. The results revealed that while men investors prefer common stocks and real estate to invest women investors are more risk averse and invest fund, time deposit and gold. There is no significant difference between men and women in foreign currency investment.

  20. Corporate Human Rights Obligations and International Investment Law

    Directory of Open Access Journals (Sweden)

    Jernej Letnar Cernic

    2010-12-01

    Full Text Available Globalisation has blurred the artificial borders that exist between economies and societies around the world. The activities of corporations in this globalised environment have often served as the catalyst for human rights violations; due to the lack of institutional protection, some corporations are able to exploit regulatory lacunae and the lack of human rights protection. It appears that the paradigmatic change demands an equal emphasis of rights and obligations of corporations. This article discusses and critically analyses corporate human rights obligations and the lack thereof under stabilization clauses in foreign investment contracts. First, stabilization clauses in foreign investment agreements are examined in relation to corporate obligations and responsibility for fundamental human rights. In doing so the substantive and procedural dimension of stabilization clauses is analysed. Second, using the concrete examples of the Mineral Development Agreement between Mittal Steel and the Government of Liberia Mittal Steel Agreement and of the Baku‐Tblisi‐Ceyhan Pipeline Project as case studies, this article considers an application of stabilization clauses in foreign investment contracts in relation to the fundamental human rights obligation of states and of corporations. Third, a proposal for reform in the form of a fundamental human rights clause is introduced. To be clear, the argument here is that the fundamental human rights obligations of investors, particularly of corporations, must be included in foreign investment agreements.

  1. China’s Hongqi Group Invests 500 Million Yuan in Guixi Copper Processing Project

    Institute of Scientific and Technical Information of China (English)

    2008-01-01

    <正>China’s Hongqi Group recently signed an agreement with Guixi municipality to invest 500 million yuan in developing the copper processing project in Guixi.It is reported that this is the seveth copper processing project with

  2. VALUATION AND INVESTMENT PROFESSION

    Directory of Open Access Journals (Sweden)

    Lidija Dedi

    2013-06-01

    Full Text Available Investment professionals, particularly financial analysts or security analysts evaluate securities and try to determine characteristics of securities and to identify mispriced securities. For that purpose they use different models to estimate the intrinsic value of the common stocks. Traditional valuation models based on the present value of future cash flows are affected by estimated growth rate of the variable used and by the investor’s required rate of return. These models can be used for valuing fixed income securities, such as bonds and preferred stocks. However, in valuing companies with significant growth opportunities they have to expand traditional analysis with option valuation.

  3. The Economics of an Investment in Kaizen

    Science.gov (United States)

    Visuwan, Danupun

    2010-10-01

    Kaizen has been widely accepted as a continuous process improvement with the gradualist approach. This paper presents the research carried out to explore the pattern of an investment in Kaizen to enhance overall profit. System dynamics-based simulation has been employed with an optimization technique, a Steepest Ascent approach, to improve experimental variables e.g. the amount of spending on prevention and appraisal activities, the time and the amount to reduce the investment which results in maximum Net Present Value (NPV) of profit. The simulation model in this study is based on a Thai automobile manufacturer as a case study company. The result suggests that the investment in Kaizen should spend on activities to eliminate and detect all defects in the early phase and then reduce economically when the process is under controlled. It can be named as the `Hybrid quality improvement', which was proved in this study that it provides greater overall profit than the Stepwise Kaizen and the constant spending. This study also presents the behavior of quality costs and profit against time scale along the different patterns of the investment in Kaizen.

  4. Providing investment attractiveness of renewal and development of fixed assets in the energy sector

    Directory of Open Access Journals (Sweden)

    Evgeniy Anatolyevich Malyshev

    2013-09-01

    Full Text Available The purpose of research is a comparative analysis of economic mechanisms for the realization of investment projects for new construction and modernization power generation capacity in the energy sector and their effect on private investment. In this connection, planned and actual volumes of generating capacity, particular features of the industry, causing investment attractiveness are discussed. The necessity of using, and a comparison of primary economic mechanisms in order to guarantee the return of investments in the new construction and modernization of power generation capacity is shown. The method of calculating the tariff under the agreement of supply power capacity is analyzed. The study proved that the presence of an effective working mechanism of return on investment is a key element influencing the investment in new construction and modernization of power generation capacity. Also, it is shown that with the end of using agreement of supply power capacity, industry will face a significant reduction in investment. In this connection, it is recommended to speed up the formation of long-term capacity market, which involves the application of new investment incentives in the industry. The research results can be applied by investment banks, and other stakeholders as a methodological apparatus assessing investment and whether to participate in their financing.

  5. Commodities and Stock Investment

    Directory of Open Access Journals (Sweden)

    Syed Jawad Hussain Shahzad

    2014-09-01

    Full Text Available This study is a multivariate analysis of commodities and stock investment in a newly established market scenario. Return distribution asymmetry is examined with higher order movements. Skewness in commodity future’s return is largely insignificant, whereas kurtosis is highly significant for both stock and commodity future contracts. Correlation analysis is done with Pearson’s and Kendall’s tau measures. Commodities provide significant diversification benefits when added in a portfolio of stocks. Compared with stocks, commodity future’s returns show stronger correlation with unexpected inflation. The volatility is measured through Glosten-Jagannathan-Runkle - Generalized Autoregressive Conditional Heteroskedasticity (GJR-GARCH model and reflects that commodities have inverted asymmetric behavior, that is, more impact from the upward shocks compared with downward. Stocks have asymmetric volatility, that is, more impact from negative shocks compared with positive. Gold has highest inverted asymmetric volatility. Tail dependence, measured through Student’s t copula, shows no combined downside movement. In conclusion, commodity investments provide diversification and inflation protection.

  6. Tax effect of the concession agreement, production sharing agreement and service contract; Analise dos efeitos tributarios dos contratos de concessao, partilha de producao e servicos

    Energy Technology Data Exchange (ETDEWEB)

    Botelho, Rodrigo Jacobina [Escola de Magistratura do Tribunal de Justica do Estado do Rio de Janeiro (EMERJ), RJ (Brazil); Instituicao de Ensino Superior no Estado do Rio de Janeiro, RJ (Brazil); Escritorio Doria, Jacobina, Rosado e Gondinho Advogados Associados, Rio de Janeiro, RJ (Brazil). Area de Direito Tributario

    2008-07-01

    The different nature of the E and P agreements recommends an analysis of the tax incidence in order to avoid the increasing of costs due to an inaccurate taxation process. The revenue obtained from Services Agreements must be, under the Brazilian legal system, taxed as the revenues obtained from the Concession Agreements, since those revenues are related to the risks supported, the investments and financial exposure, among others elements and not related to a specific public service provided. (author)

  7. Endowments at Birth and Parents’ Investments in Children*

    OpenAIRE

    Adhvaryu, Achyuta; Nyshadham, Anant

    2014-01-01

    Do parents invest more in higher quality children, or do they compensate for lower quality by giving more to children with lower endowments? We answer this question in the context of a large-scale iodine supplementation programme in Tanzania. We find that children with higher programme exposure were more likely to receive necessary vaccines and were breastfed for longer. Siblings of treated children were also more likely to be immunised. Fertility behavior and investments at the time of birth...

  8. Socially responsible investments

    CERN Multimedia

    Antonella Del Rosso

    2012-01-01

    In addition to well-established working principles based on conservative and capital preservation oriented investments that ensure it a sustainable future, the CERN Pension Fund recently introduced a new criterion for selecting the numerous opportunities that the market offers: philanthropy. Its first initiative, which also involves the Staff Association’s Long-Term Collection, will help support two orphanages in China.   The two charities are located near Beijing. Beijing’s “China Children Charity and Foundation” is an orphanage that cares for up to 80 babies who need surgery to correct birth defects. The other, “Hope Healing Home”, is an organization that deals with 300 babies and cares for sick and physically disabled babies who have been abandoned. All these babies are awaiting treatment and a medical solution. The CERN Pension Fund has over 6700 members. To ensure the greatest efficiency and profitability, the Fund’s por...

  9. Flower consumption lures investment

    Institute of Scientific and Technical Information of China (English)

    ShiSesheng

    2003-01-01

    In the Netherlands the annual fresh flower consumption is 150 items per person, in France it is 80, in the US it is 30, in Japan the money involved amounts to US$11 billion, but in urban China, this is less than I0. Globally when per capita GDP in a country or region goes up to US$6,000, flower consumption will go up too. As per capita GDP in Shanghai isgoing from US$5,000 to US$7,500, the municipal government should include the construction of floral markets as part of its infrastructural development, just as the construction of urban forests, urban parks, urban greenery, and urban environmental investment. The fostering of local floral markets also require joint efforts from the society at large in terms of finance.

  10. Adaptation investments and homeownership

    DEFF Research Database (Denmark)

    Hansen, Jørgen Drud; Skak, Morten

    2008-01-01

    This article develops a model where ownership improves the efficiency of the housing market as it enhances the utility of housing consumption for some consumers. The model is based on an extended Hotelling-Lancaster utility approach in which the ideal variant of housing is obtainable only...... by adapting the home through a supplementary investment. Ownership offers low costs of adaptation, but has high contract costs compared with renting. Consumers simultaneously choose housing demand and tenure, and because of the different cost structure only consumers with strong preferences for individual...... adaptation of the home choose ownership. This article analyses the consumer's optimization. The model provides an explanation for the observation that homeowners typically live in larger dwelling units than tenants. It also provides an explanation for a high price of housing services tending to reduce...

  11. Adaptation investments and homeownership

    DEFF Research Database (Denmark)

    Hansen, Jørgen Drud; Skak, Morten

    2008-01-01

    This article develops a model where ownership improves efficiency of the housing market as it enhances the utility of housing consumption for some consumers. The model is based on an extended Hotelling-Lancaster utility approach in which the ideal variant of housing is obtainable only by adapting...... the home through a supplementary investment. Ownership offers low costs of adaptation, but has high contract costs compared with renting. Consumers simultaneously decide housing demand and tenure, and because of the different cost structure only consumers with strong preferences for individual adaptation...... of the home choose ownership. This article analyses the consumer's optimization. The model provides an explanation for the observation that homeowners typically live in larger dwelling units than tenants. It also provides and explanation for a high price on housing services tending to reduce homeownership...

  12. Chinese Overseas Investment Calls for Perfection of Overseas Investment Insurance

    Institute of Scientific and Technical Information of China (English)

    Liu Yajun

    2008-01-01

    @@ Overseas investment insurance is a non-profitable insurance provided by the government of a state for her enterprises which have invested in the developing countries or areas against political risks.Such a governmental guarantee system was first established in the United States in the middle of last century.

  13. Predicative Adjective Agreement

    DEFF Research Database (Denmark)

    Vikner, Sten

    2001-01-01

    German is a complicated language. Any speaker of e.g. French or Danish who has ever tried to learn German would agree to this. Coming from languages with only two genders and with no case outside the pronoun system, German, with three genders and with four cases throughout the nominal system, seems...... unjustifiably complicated, as if it had been specially designed to torment poor students. However, there is one area where German agreement morphology could not possibly be simpler, and where German is much easier for non-native speakers than e.g. French or Danish: predicative adjectives. Both gender and number...... distinctions, disappear when adjectives are used predicatively. This paper will try to account for why the Germanic languages that inflect attiributive adjectives but not predicative ones are all SOV-languages (e.g. German, Dutch, Frisian and Yiddish)....

  14. Optimal Investment in Structured Bonds

    DEFF Research Database (Denmark)

    Jessen, Pernille; Jørgensen, Peter Løchte

    The paper examines the role of structured bonds in the optimal portfolio of a small retail investor. We consider the typical structured bond essentially repacking an exotic option and a zero coupon bond, i.e. an investment with portfolio insurance. The optimal portfolio is found when the investment...

  15. Overseas Investment, Encouraging Long Journey

    Institute of Scientific and Technical Information of China (English)

    Janet Tang

    2010-01-01

    @@ In the context of the financial crisis,international capital flows,cross-border investment,as well as the mergers and acquisitions generally continues shrinking at a large range in 2009,while China's foreign investment and overseas cooperation still maintains a good momentum of development.

  16. Government Policy, Saving and Investment.

    Science.gov (United States)

    Eisner, Robert

    1983-01-01

    Several arguments that government policy--income redistribution and support of the poor, higher marginal income taxes, and social security--has depressed saving are found wanting. Also hard to sustain is the argument that investment demand has been depressed by tax policy. Current government policy will not improve saving and investment. (RM)

  17. Investment and Second Language Acquisition

    Science.gov (United States)

    Pittaway, Daniel S.

    2004-01-01

    The article argues that Norton Peirce's (1995) concept of a language learner's investment should figure centrally in how instructors address the needs of adult learners in ESL classrooms. Investment is discussed in relation to second language acquisition research that addresses the role of social factors in second language acquisition. The article…

  18. Public investment and intergenerational distribution

    NARCIS (Netherlands)

    Heijdra, BJ; Meijdam, L

    2002-01-01

    We study the effects of public investment in a dynamic overlapping-generations model of a small open economy. Boosting public investment stimulates private capital formation, output, and wages in the long run. The impact effects depend critically on whether public capital is modelled as a stock or a

  19. Investment opportunities with YPFB capitalization

    Energy Technology Data Exchange (ETDEWEB)

    Escobar, F. [Yacimientos Petroliferos Fiscales Bolivianos, La Paz (Bolivia)

    1996-10-01

    Investment opportunities with Yacimientos Petroliferos Fiscales Bolivianos (LPFB) in La Paz, Bolivia, were discussed, especially as they may be affected by the new Hydrocarbon Law No. 1689, whose main objective is to encourage investments in Bolivia and to increase production capacity through investors` incorporation. Some of the areas of potential importance examined included reserve development, transportation, upstream consulting, and hydrocarbon development.

  20. Investment Activities within the Legal Framework of the World Trade Organization

    Directory of Open Access Journals (Sweden)

    Gulnara Ruchkina

    2015-01-01

    Full Text Available This article contains an analysis of legal regulation of investment activities within the framework of the WTO. It considers factors that promote the establishment of a favorable investment climate, including the availability of special legislation, an efficient law enforcement practice and, as noted by many experts, availability and clarity of the judicial mechanism for the protection of violated rights. Recent foreign experience is analyzed and some issues of investment dispute settlement are considered. The article also deals with issues concerning the formation of competitive relations that, in their turn, also constitute an important factor of a state’s investment appeal.Investment activities constitute a popular type of entrepreneurial activity. Every state, regardless of where it is located or its level of economic development, aims to increase its investment activities and raise foreign investment inflow. To do this they adopt national regulatory acts and sign bilateral agreements, multilateral agreements, and execute international legal acts in the area of investment activities. This results in the need for examination of legal regulation in this area. Russia joining the WTO has resulted in regular revisions of current legal regulation, in particular in the law on foreign investments.

  1. Investment opportunities as real options

    Directory of Open Access Journals (Sweden)

    Adnan Rovčanin

    2005-06-01

    Full Text Available Opportunity (optional approach to capital investment appraisal represents, completely new theoretical and methodological framework for investment analysis. Compared to traditional, discount cash flow (DCF model of analysis, the optional approach provides opportunity for valuation and managing flexibility, i.e. possibility of approaching (amending the previous decisions in compliance with market changes. Risk and uncertainty are inevitably following the capital investment. Therefore, the importance of optional approach to investments is also that it provides possible better “treatment” of risks in the investment analysis, and also more rational allocation of resources, accordingly. This approach should be of more interest to the Countries in transition, considering the limited financial sources as well as risk and uncertainty are emphasized.

  2. Investment in Green Technologies

    Science.gov (United States)

    Das Gupta, Supratim

    Since the middle of the 1970's, there has been considerable research about how to deal with exhaustible natural resources which are essential to production. In the absence of substitution possibilities, the finite stock of these resources acts as a limiting factor to continued growth of output and hence consumption possibilities. In our first chapter, we combine a finite natural resource and human capital in the production function and look at the possibility of maintaining a non-declining or sustainable level of consumption for an infinite horizon. Our results show that the return to human capital accumulation plays a key role in ensuring this objective. In our model without physical capital, we obtain a similar result where this return must be such that the fraction of time devoted to acquiring human capital each period is at least as much as the share of natural resources in output. Our second chapter focuses on the transition from a relatively cheap exhaustible natural resource (coal, gasoline) to an expensive alternative technology assumed to be in nearly unlimited supply (wind, solar). Due to significant cost differences between fossil-fuel based energy sources and these alternative (backstop) technologies, their use is not as widespread. Public subsidies to research can however bring about innovation through cheaper production techniques which would significantly reduce the operating costs of these backstop technologies. But without sufficient incentives for investment and patent protections, individual firms typically underinvest in backstop technologies relative to the socially optimal level. In our paper, we find that this underinvestment in the backstop also leads to an under-extraction of the exhaustible natural resource. This imply firms would conserve the natural resource for too long and switch later to the alternative technology relative to the socially optimal solution. We extend the chapter to include pollution as a flow variable. Pollution from

  3. 47 CFR 69.302 - Net investment.

    Science.gov (United States)

    2010-10-01

    ... 47 Telecommunication 3 2010-10-01 2010-10-01 false Net investment. 69.302 Section 69.302... Apportionment of Net Investment § 69.302 Net investment. (a) Investment in Accounts 2001, 1220 and Class B Rural...) Investment in Accounts 2002, 2003 and to the extent such inclusions are allowed by this Commission,...

  4. 47 CFR 69.309 - Other investment.

    Science.gov (United States)

    2010-10-01

    ... 47 Telecommunication 3 2010-10-01 2010-10-01 false Other investment. 69.309 Section 69.309... Apportionment of Net Investment § 69.309 Other investment. Investment that is not apportioned pursuant to §§ 69... category and access elements in the same proportions as the combined investment that is...

  5. Canada: An Ideal Place for Outbound Investment

    Institute of Scientific and Technical Information of China (English)

    Li Zhen

    2010-01-01

    @@ In recent years, bilateral investment between China and Canada has become more and more active. According to the report on overseas investment of Chinese enterprises released by China Council for the Promotion of International Trade (CCPIT)at the 4th Chinese Enterprise Outbound Investment Conference, Chinese overseas investment is displayingan increasing trend, with the strength of Chinese enterprises and overseas investment rapidly growing.

  6. 12 CFR 24.4 - Investment limits.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 1 2010-01-01 2010-01-01 false Investment limits. 24.4 Section 24.4 Banks and... ENTITIES, COMMUNITY DEVELOPMENT PROJECTS, AND OTHER PUBLIC WELFARE INVESTMENTS § 24.4 Investment limits. (a) Limits on aggregate outstanding investments. A national bank's aggregate outstanding investments...

  7. Chinese investments in the EU

    Directory of Open Access Journals (Sweden)

    Haico EBBERS

    2010-12-01

    Full Text Available China’s investments in the European Union are much lower than what you may expect given the economic size of both entities. These relatively low investments in Europe are a combination of priority and obstacles. The priority for investments is clearly in Asia, Africa and Latin America. This regional pattern is heavily influenced by the need to solve the resource shortage in the medium and long term. The investments in Europe and the United States are mostly market seeking investments. Research specifically focused on Chinese M&A abroad comes to the same conclusion. The success rate of Chinese M&A abroad is much lower than what we see with respect to American or European investments abroad. In this paper, we examine why Chinese firms are facing more difficulties in the European Union than in other regions. The paper focuses on Chinese M&A as proxy for total foreign direct investments abroad. By looking at the factors that have been documented as influencing the level of M&A abroad, it becomes clear that Chinese firms in Europe are hindered by many factors. For example, the trade between China and the EU is relatively low, the institutional quality is lower compared to the United States, there is less experience with respect to Europe and relatively many deals relate to State Owned Enterprises (SOE which makes the deal sensitive. So it is logical that Chinese investments are not very high in Europe. However, the research makes clear that the obstacles for Chinese investments in Europe are disappearing step by step. In that sense, we expect a strong increase of Chinese investments in Europe in the future.

  8. Investment behavior and investment aggregates during China's economic transition

    Institute of Scientific and Technical Information of China (English)

    WANG Xi

    2006-01-01

    In view of the peculiar patterns of investment ownership structure and special investment phenomena in China,the paper sets up formal dynamic investment behavioral models for state-owned enterprises (SOEs) and non-state-owned enterprises(NSOEs)under the background of full-dimensional and gradual economic transition.The models are based on two key points: entrepreneurs of SOEs have dual and changing operational objectives as the result of property-rights reformation;and dual-track approach of price liberalization process and reformation of financing system alters the actual user costs of capital goods.Analytical solutions are provided and it is shown that there exists a normative and unified explanation of the peculiar phenomena such as "investment deficiency" of NSOEs,"investment thirst","investment inefficiency," and dual shrinkage of SOEs in both investment and output.Our research also sheds lights on evaluation of preceding reforms,understanding of SOEs' losses and bad bank loans.The paper partially justifies the property-rights-oriented reformation of SOEs.

  9. Innovation Group Will Invest 20 Billion Yuan to Launch a Hard Aluminum Alloy Project

    Institute of Scientific and Technical Information of China (English)

    2012-01-01

    <正>On November 20, the People’s Government of Tongliao City of Inner Mongolia, the People’s Government of Huolinguole City and Shandong-based Innovation Group signed an investment framework agreement on a new-type hard aluminum alloy project. Under the agreement

  10. The Future of the International Investment Law and Policy Re-gime:Options for Improvement

    Institute of Scientific and Technical Information of China (English)

    Karl P.Sauvant; Federico Ortino

    2014-01-01

    The international investment regime faces broader chal-lenges, as reflected especially in the discussions regarding the investor-state dispute-settlement mechanism and the quest to make the international investment regime more oriented toward sustainable development objectives and to strengthen disciplines for the behavior of multinational enterprises. A number of options of how the regime can be improved are laid out in this article, including engaging in fact finding processes; establishing consen-sus-building working groups; formulating a model international investment agreement; building specific mechanisms to improve the investment re-gime;and commencing intergovernmental processes.An international in-vestment consensus-building process is advocated to facilitate the improve-ment of the international investment regime.

  11. PV investment in Europe

    Energy Technology Data Exchange (ETDEWEB)

    Hueser, Pius [Nova Energy GmbH, (Switzerland)

    2007-06-15

    This presentation is mainly about how the PV market in Europe has been growing, and which elements are going to determine if this market succeed or failed not only in Europe but also in the rest of the world. In the first part of this presentation, it is mentioned how in 2005 the development of some PV technologies triggered the PV market growth without any marketing control. Then, there are explained the aspects that changed such situation out of control, therefore, it emerged the beginning of the consolidation of this market. There are briefly explained those factors that are going to determine if this market succeed or failed in the future. Finally, there are given examples of some the PV investments. [Spanish] Esta presentacion habla principalmente de la manera en como ha crecido el Mercado de sistemas fotovoltaicos en Europa, asi tambien se mencionan los elementos fundamentales que determinaran el exito o fracaso de este mercado, no solamente en Europa sino tambien en el resto del mundo, en un futuro. En la primera parte de esta presentacion, se describe como en el 2005, debido al desarrollo de algunas tecnologias fotovoltaicas se desencadeno el crecimiento desenfrenado del mercado fotovoltaico. Despues, se explican los aspectos que hicieron que dicho crecimiento tomara su curso, teniendo como resultado el inicio de un mercado mas consolidado. Se explican brevemente los factores que determinaran si este mercado encuentra el exito o el fracaso en un futuro. Finalmente, se dan ejemplos de algunas adquisiciones fotovoltaicas.

  12. Agreement with Subjects in Lubukusu

    Science.gov (United States)

    Diercks, Michael J. K.

    2010-01-01

    This dissertation examines three topics in the morphosyntax of Lubukusu (Bantu, Kenya), all of which are concerned with agreement with subjects: locative inversion, complementizer agreement, and alternative agreement effects in subject extraction. Each topic reports novel Lubukusu data which are both typologically interesting and theoretically…

  13. An Analysis of Southeast Asian Firms' Investment in China

    Institute of Scientific and Technical Information of China (English)

    KaishengZeng

    2004-01-01

    Economic cooperation between China and Southeast Asian economies is increasingly attracting the attention of policy-makers, scholars, and practitioners. Firms from Southeast Asia have been playing an important role in China's utilization of foreign direct investment, though most of these firms have been viewed as small, labor-intensive, and ordinary in technology. This paper reveals one important dimension of economic cooperation between China and Southeast Asia. It investigates the factors that influence Southeast Asian firms' investments in Guangdong, which is one of the largest provinces in China in terms of utilization of foreign direct investment, and it tries to answer the question of what make Southeast Asian firms invest in China in a large scale and in the way of advancing waves.T he research outcomes contribute to the knowledge of the changing economic relations between China and Southeast Asia.

  14. Guidelines for Reporting Reliability and Agreement Studies (GRRAS) were proposed

    DEFF Research Database (Denmark)

    Kottner, Jan; Audigé, Laurent; Brorson, Stig;

    2011-01-01

    Results of reliability and agreement studies are intended to provide information about the amount of error inherent in any diagnosis, score, or measurement. The level of reliability and agreement among users of scales, instruments, or classifications is widely unknown. Therefore, there is a need...... for rigorously conducted interrater and intrarater reliability and agreement studies. Information about sample selection, study design, and statistical analysis is often incomplete. Because of inadequate reporting, interpretation and synthesis of study results are often difficult. Widely accepted criteria......, standards, or guidelines for reporting reliability and agreement in the health care and medical field are lacking. The objective was to develop guidelines for reporting reliability and agreement studies....

  15. Investment patterns in Dutch glasshouse horticulture

    NARCIS (Netherlands)

    Goncharova, N.

    2007-01-01

    Keywords: investment, uncertainty, investment spikes, entry, exit, duration model, GMM dynamic panel data estimator, Negative Binomial model, Heckman selection model, moving window ARIMA, Principal Component analysis, horticultureThis thesis focuses on the analysis of investment decision-maki

  16. Factors influencing agreement between child self-report and parent proxy-reports on the Pediatric Quality of Life Inventory™ 4.0 (PedsQL™ generic core scales

    Directory of Open Access Journals (Sweden)

    Eiser Christine

    2006-08-01

    Full Text Available Abstract Background In situations where children are unable or unwilling to respond for themselves, measurement of quality of life (QOL is often obtained by parent proxy-report. However the relationship between child self and parent proxy-reports has been shown to be poor in some circumstances. Additionally the most appropriate statistical method for comparing ratings between child and parent proxy-reports has not been clearly established. The objectives of this study were to assess the: 1 agreement between child and parent proxy-reports on an established child QOL measure (the PedsQL™ using two different statistical methods; 2 effect of chronological age and domain type on agreement between children's and parents' reports on the PedsQL™; 3 relationship between parents' own well-being and their ratings of their child's QOL. Methods One hundred and forty-nine healthy children (5.5 – 6.5, 6.5 – 7.5, and 7.5 – 8.5 years completed the PedsQL™. One hundred and three of their parents completed these measures in relation to their child, and a measure of their own QOL (SF-36. Results Consistency between child and parent proxy-reports on the PedsQL™ was low, with Intra-Class correlation coefficients ranging from 0.02 to 0.23. Correlations were higher for the oldest age group for Total Score and Psychosocial Health domains, and for the Physical Health domain in the youngest age group. Statistically significant median differences were found between child and parent-reports on all subscales of the PedsQL™. The largest median differences were found for the two older age groups. Statistically significant correlations were found between parents' own QOL and their proxy-reports of child QOL across the total sample and within the middle age group. Conclusion Intra-Class correlation coefficients and median difference testing can provide different information on the relationship between parent proxy-reports and child self-reports. Our findings

  17. The stability of portfolio investment in stock crashes

    Science.gov (United States)

    Li, Yun-Xian; Qian, Zhen-Wei; Li, Jiang-Cheng; Tang, Nian-Sheng; Mei, Dong-Cheng

    2016-08-01

    The stability of portfolio investment in stock market crashes with Markowitz portfolio is investigated by the method of theoretical and empirical simulation. From numerical simulation of the mean escape time (MET), we conclude that: (i) The increasing number (Np) of stocks in Markowitz portfolio induces a maximum in the curve of MET versus the initial position; (ii) A critical value of Np in the behavior of MET versus the long-run variance or amplitude of volatility fluctuations maximumlly enhances the stability of portfolio investment. When Np takes value below the critical value, the increasing Np enhances the stability of portfolio investment, but restrains it when Np takes value above the critical value. In addition, a good agreement of both the MET and probability density functions of returns is found between real data and theoretical results.

  18. Debt Covenant Renegotiation and Investment

    DEFF Research Database (Denmark)

    Arnold, Marc; Westermann, Ramona

    This paper analyzes the impact of debt covenant renegotiation outside corporate distress on firms. We study a structural model of a levered firm that can renegotiate debt both at investment and in corporate distress. Covenant renegotiation at investment reduces the agency cost of debt because...... it induces a firm value maximizing investment financing policy and mitigates the overinvestment problem. Incorporating renegotiation outside corporate distress is crucial to explain empirical occurrence patterns of debt renegotiation, the impact of debt renegotiation on corporate securities, and the relation...

  19. Whose crazy investment in sex?

    Science.gov (United States)

    Mandlis, Lane R

    2011-01-01

    By probing the processes of exclusion of transsexuals from the political sphere, this article offers contributions to social and political theory through an examination of the processes of exclusion from the category "human." This article considers how the erasure of investment in their own embodied sex constructs a platform from which to blame others for sex/gender variance, as well as to justify that blaming. Bringing together Giorgio Agamben, Georges Bataille, Judith Butler, and Nikolas Rose with transphobia, medicalization in psychiatry, law, and ethopolitics, this article questions whose investment in sexed embodiment counts and why that investment might be seen as "crazy."

  20. Investing in Japan? Statistics Speak

    Institute of Scientific and Technical Information of China (English)

    Guo Liqin

    2009-01-01

    @@ Is investing in Japan a good choice for ambitious Chinese enterprises? Xiong Lin, partner at the Beijing DaDi Law firm, reminded potential investors that understanding Sino-Japan cultural differences, local policies and the procedures concerning investment, as well as protecting intellectual property and prompt communication with local con-sulting finns are the keys to good prepa-ration. She gave this advice at the "2009 Investment in Japan Seminar" on March 5, a seminar co-hosted by CCPIT (China Council for the promotion of International Trade) and JETRO (Japan External Trade Organization) as the follow-up to a session held in 2007.

  1. Positive Effects FROM SHRINKING INVESTMENT

    Institute of Scientific and Technical Information of China (English)

    Luo Yang

    2009-01-01

    @@ Since its launch in November 2008,the RMB 4 trillion investment plan has been carrying the task of "capital growth".According to the plan,from the fourth quarter of 2008 to the end of 2010,the central government will increase a total of RMB 1.18 trillion additional funds to promote local and social investment.The goal is to achieve a total investment of around RMB 4 trillion,of which RMB 487.5 billion will be added this year.

  2. Investing in the Long Term

    Institute of Scientific and Technical Information of China (English)

    Valerie; Sartor

    2007-01-01

    Janice Dai is a senior executive at Harvest Fund Management Co.Ltd.,one of China’s top fund management compa- nies,managing fixed income market investments across the country.She also leads her company’s overall institutional investments.Recently she agreed to talk about her company as well as comment on China’s booming financial indus- try,in the wake of overseas invest- ment bankers predicting tremen- dous returns on the Chinese main- land over the next few years.

  3. Documenting investment policy boosts safety, returns.

    Science.gov (United States)

    Kovener, R R

    1992-02-01

    The process and responsibility for a healthcare organization's investment decisions should be clearly documented in an investment policy. Any investment policy should contain at least seven elements: how investments relate to the organization's mission; responsibilities of involved parties; long- and short-term objectives; desired balance between return and risk; proportions of a portfolio held in stocks, bonds, and other investments; disposition of donated assets; desired investment reports; and the process for keeping the policy current.

  4. Research of relationship between uncertainty and investment

    Institute of Scientific and Technical Information of China (English)

    MENG Li; WANG Ding-wei

    2005-01-01

    This study focuses on revealing the relationship between uncertainty and investment probability through real option model involving investment critical trigger and project earning. Use of Matlab software on the experimental results showing that project earning volatility influences investment probability, led the authors to conclude that this notion is not always correct, as increasing uncertainty should have an inhibiting effect on investment, and that in certain situation, increasing uncertainty actually increases the investment probability and so, should have positive impact on investment.

  5. Treaties to avoid international double income taxation and their relation with investments involving Brazil

    Directory of Open Access Journals (Sweden)

    Jônatas de Pessoa Alburquerque Martins

    2014-11-01

    Full Text Available To fight against fiscal evasion and facilitate the investment flow, the countries close agreements to go against double income taxation. This study aims to investigate the impact of the treaties to avoid double income taxation on the direct foreign investment relations of Brazil. The analysis included 162 countries and jurisdictions with which investments transactions were closed that originated or were received in Brazil, between 2005 and 2011. The panel data analysis technique was applied through the selection of six independent variables, in order to verify the behavior of the double taxation treaties in view of the investments. Through the estimated model, it was verified that these treaties had a positive and statistically significant impact – when compared to earlier studies – on the direct foreign investment volume. When dividing the sample between the investments received and made in Brazil, a greater increase was identified in the direct foreign investments received (130.1% than in the investments made (76.9%, although this was the variable with the second largest positive impact in the model. In conclusion, exclusively in the Brazilian context, the international double income taxation is a relevant factor in the investment decision, as the presence of treaties to guarantee the investors in the receipt of revenues without double taxation substantially increases the investment flow. This study differs from earlier research by the sample that only contains treaties in force in Brazil.

  6. China's Investment Leade Dr, Alyce Su

    Institute of Scientific and Technical Information of China (English)

    2010-01-01

    @@ I. Professional Background Dr. Alyce Su specializes in investment managemeng, managing portfolios consisted of investment opportunities originated from China's growth and internationalization, both'outbound and inbound.

  7. Environment investment: transition from end-investment to multi-investment

    Institute of Scientific and Technical Information of China (English)

    Zhang Luqiang

    2006-01-01

    Environmental investment must change its direction from end-investment to multi-investment, such as ecological construction, recycling economy and environmental protection. Only it can meet the needs of breaking the bottleneck of resources and environment for Chinese sustainable development. And the transition can help us realize low-cost and high-speedy increasing of economy, as well as the construction of ecological health, beautiful environment, economic development and harmonious new society. Material recycling in ecosystem can run well by self-organization and self-regulation by nature with low-cost and even non-cost. So, the environmental investment in ecological construction should be the profits maximum investment. Butit needs country's support in financial policy on ecological or environmental compensation. Recycling economy is a brand-new pattern ofeconomic growth, which formed gradually in the course of mankind exploring and practicing sustainable development. Fountainhead prevention, reducing and whole processing control are its significant characteristics,which are different from any former economic and environmental protection system. Investing in technology development and relevant industry of recycling economy should be the other major field of environment investment in China in the future.

  8. China's Foreign Investment Develops Stably

    Institute of Scientific and Technical Information of China (English)

    2007-01-01

    @@ In 2006, with the promotion of economic globalization and the rapid development of Chinese economy, the foreign investment of Chinese companies got further accelerated and promoted the fast, coordinated, healthy development of national economy.

  9. Inconsistent Investment and Consumption Problems

    DEFF Research Database (Denmark)

    Kronborg, Morten Tolver; Steffensen, Mogens

    2015-01-01

    In a traditional Black–Scholes market we develop a verification theorem for a general class of investment and consumption problems where the standard dynamic programming principle does not hold. The theorem is an extension of the standard Hamilton–Jacobi–Bellman equation in the form of a system...... of non-linear differential equations. We derive the optimal investment and consumption strategy for a mean-variance investor without pre-commitment endowed with labor income. In the case of constant risk aversion it turns out that the optimal amount of money to invest in stocks is independent of wealth...... of future labor income net of consumption. Using the verification theorem we give a detailed analysis of this problem. It turns out that the optimal amount of money to invest in stocks is given by a linear function of wealth plus the financial value of future labor income net of consumption. The optimal...

  10. Foreign Direct Investment For Sale

    OpenAIRE

    Onur Koska

    2009-01-01

    This study examines the choice of a multinational firm between two alternative entry modes, a greenfield investment and a joint venture, under incomplete information. The joint venture partner is selected by an auction, which distinguishes this study from other studies in the literature. A private values auction allows a multinational firm to increase its share of the joint venture profit so that a joint venture is always preferable to greenfield investment. The model also examines the nation...

  11. Investment Decisions and Offspring Gender

    OpenAIRE

    Bogan, Vicki

    2009-01-01

    Economic research has documented many economic affects of offspring gender on parental behavior. However, an open question exists as to whether offspring gender has any influence on parental investment decision making. Specifically, I investigate whether female offspring have an impact on investment decisions with respect to stock and bondholding. Using a panel data set, I find that for male respondents, having only female offspring increases the probability of stockholding by over 17%. In co...

  12. Spillovers from Foreign Direct Investment

    DEFF Research Database (Denmark)

    Meyer, Klaus E.; Sinani, Evis

    2005-01-01

    The extensive empirical literature analyzing productivity spillovers from foreign direct investment to local firms provides inconclusive results. Some studies find that foreign presence has a positive impact on the productivity of domestic firms, while others find no evidence or a negative effect...... for industrialized countries in the 1990s. Transition economies may experience spillovers, but these have been declining in recent years. Keywords: developing countries, transition economies, spillovers, foreign direct investment, technology transfer, meta-analysis...

  13. Suzhou Industrial Park Attracts Investments From Central SOEs

    Institute of Scientific and Technical Information of China (English)

    2010-01-01

    @@ Suzhou Industrial Park(SIP)held a press conference on January 5 in Beijing where it signed cooperation agreements on seven projects,including the branch office building of CITIC Bank and Phase 2 facilities of Suzhou Kaifa Technology,a subsidiary company of China Electronics Corp.The total investment of the six projects(excluding the strategic cooperation project with the CITIC Bank branch amounted to 1.55 billion yuan($227.9 million).

  14. Escala de apoio social aplicada a uma população de gestantes: confiabilidade teste-reteste e estrutura de concordância dos itens Social support scale: test-retest reliability in pregnant women and structures of agreement and disagreement

    Directory of Open Access Journals (Sweden)

    Kátia Silveira da Silva

    2005-06-01

    Full Text Available A associação entre apoio social e desfechos relacionados à saúde tem sido objeto de interesse de pesquisadores. O objetivo desse artigo foi avaliar a confiabilidade e estrutura de concordância da escala de apoio social. A confiabilidade teste-reteste foi investigada num grupo de gestantes de maternidade pública (n = 65 por intermédio do coeficiente de correlação intraclasse (CCIC e kappa ponderado (kw2. Avaliou-se a estrutura de concordância pelos modelos log-lineares. O CCIC da escala foi 0,90 e kw² variou entre 0,23 e 0,70. Modelos com melhores ajustes foram o de concordância diagonal mais associação linear por linear e de semi-independência. Considerou-se a escala um instrumento capaz de medir, de maneira confiável, o apoio social entre gestantes de baixa renda.There is a growing interest in research on the association between social support and health outcomes. The objective of this study was to evaluate the reliability and structure of agreement of a social support scale. Test-retest reliability was measured in a group of pregnant women (n = 65 in a public maternity ward. Intraclass correlation coefficient (ICC and quadractically weighted kappa (kw² were used as agreement measures. Log-linear statistical models were fitted to describe patterns of agreement. ICC for social support score was 0.90. The kw² ranged from 0.23 to 0.70. Log-linear models that provided the best fit to the data were diagonal agreement plus linear-by-linear association and quasi-independence models. The scale was considered a reliable instrument to measure social support scale in low-income pregnant women.

  15. Money Matters: Mitigating risk to spark private investments in energy efficiency

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2010-07-01

    Scaling-up investment in energy efficiency is essential to achieving a sustainable energy future. Despite energy efficiency's recognised advantages as a bankable investment with immense climate change mitigation benefits, most of the energy efficiency potential remains untapped and the investment gap to achieve climate goals is tremendous. This report seeks to improve understanding as to why this is so, and what can be done about it.

  16. Investment Processes in the Industrial Region: Current Status and Prospects of Enhancing

    Directory of Open Access Journals (Sweden)

    Kumaneeva Mariya Konstantinovna

    2014-12-01

    Full Text Available The trends and direction of investment processes are the most important features of regional development. In modern conditions we observe the grave shortage of investment resources in the priority areas of industrialization. Despite the overall increase of investment volume, the investments in the production of high-tech products which have key value for the acceleration of industrialization continue to decline steadily. This process reveals itself urgently in the industrial regions of Russia. According to expert estimates, about two-thirds of investment savings are spent on the development of the mining sector. Under these conditions, the degradation of industrial structure is enhanced, the “scattering” of investment resources takes place as well as the increase of deficit in the industries which are the most priority and perspective for the development of the country. Therefore, the study of the efficiency of investment processes in the industrial region, as well as the existing models of investing in fixed assets represents an urgent task. The article describes the groups of economic sectors in Kemerovo region in terms of investments efficiency and the type of their financing. The results of the research showed that the nominal increase in the investments flow into the region’s economy does not always lead to a real investment increase. Otherwise speaking, under the inflationary pressures we can observe the actual effect of different scale for different sectors of regional economy. The author reveals that the lowest efficiency of investment in fixed assets is typical for the sectors of Kemerovo region’s economy, where the investment activity is determined by the existing public and regional policy. The articles contains the directions of investment processes intensification for the sectors of the Kemerovo region’s economy, taking into account the strategic development priorities and revealed efficiency of investments in fixed assets.

  17. 17 CFR 270.31a-1 - Records to be maintained by registered investment companies, certain majority-owned subsidiaries...

    Science.gov (United States)

    2010-04-01

    ... charters, certificates of incorporation or trust agreements, and by-laws, and minute books of stockholders... advisory board or advisory committee meetings. (5) A record of each brokerage order given by or in behalf... of services or benefits by brokers or dealers to the investment company, its investment adviser...

  18. Labor Agreement Information System (LAIRS)

    Data.gov (United States)

    Office of Personnel Management — The Labor Agreement Information Retrieval System (LAIRS) is a database containing historical information on labor-management relations in the Federal Government. It...

  19. EDITORIAL AGREEMENT TOWARDS EXCELLENCE

    Directory of Open Access Journals (Sweden)

    Julián A. Herrera M

    2009-06-01

    Full Text Available Colombia Médica was recently classified by COLCIENCIAS in A1 category as a fair recognition by its long undertaking of scientific publication during four decades, achieving articles to be consulted and informed in twenty two international data bases, including Institute for Scientific Information (ISI-Thomson, and having an impact factor (SCIMAGO. All of this is by being devoted to an outstanding quality: excellence.In the beginning Colombia Médica was printed out on paper with one thousand copies quarterly for national distribution and extended exchange requested by libraries from prestigious universities over the world. Web publication of the journal was a decisive step to increase its diffusion at a long scale. International data bases information of reading people show that a very important part of consultation (60% is done over the five continent´s countries surpassing the mean of one thousand consults per day.A journal importance may be measured by its level of contribution to new knowledge, academic debate of highly controversial topics having as central axle scientific contribution frontiers and state of the art, which is reflected by the degree of article quotation in highest level publications. Investigators from twenty countries of three continents have communicated their research contributions in Colombia Médica; this demonstrates and proves the journal visibility both for regular readers and for the international scientific community.La Universidad del Valle is a superior education institution distinguished by national government due to its excellence patterns and classified by SCIMAGO as the Colombian public university of high standing scientific visibility. Institutional support to research, in all dimensions, has made possible to Colombia Médica the development of internal regulations that obey to university structure, maintaining at the same time an editorial independence which preserves its high standards.Colombia M

  20. Guidelines for Reporting Reliability and Agreement Studies (GRRAS) were proposed

    DEFF Research Database (Denmark)

    Kottner, Jan; Audige, Laurent; Brorson, Stig;

    2011-01-01

    Results of reliability and agreement studies are intended to provide information about the amount of error inherent in any diagnosis, score, or measurement. The level of reliability and agreement among users of scales, instruments, or classifications is widely unknown. Therefore, there is a need ...

  1. 78 FR 72393 - Net Investment Income Tax

    Science.gov (United States)

    2013-12-02

    ... Investment Income Tax; Final and Proposed Rules #0;#0;Federal Register / Vol. 78, No. 231 / Monday, December... Parts 1 and 602 RIN 1545-BK44 Net Investment Income Tax AGENCY: Internal Revenue Service (IRS), Treasury... Investment Income Tax and the computation of Net Investment Income. The regulations affect...

  2. 12 CFR 211.9 - Investment procedures.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 2 2010-01-01 2010-01-01 false Investment procedures. 211.9 Section 211.9... Investment procedures. (a) General provisions. 5 Direct and indirect investments shall be made in accordance... investments in excess of the limitations therein based on capital and surplus. (1) Minimum capital...

  3. 12 CFR 563e.23 - Investment test.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 5 2010-01-01 2010-01-01 false Investment test. 563e.23 Section 563e.23 Banks... for Assessing Performance § 563e.23 Investment test. (a) Scope of test. The investment test evaluates... qualified investments that benefit its assessment area(s) or a broader statewide or regional area...

  4. 43 CFR 29.11 - Investment.

    Science.gov (United States)

    2010-10-01

    ... 43 Public Lands: Interior 1 2010-10-01 2010-10-01 false Investment. 29.11 Section 29.11 Public... Investment. (a) The monies accumulated in the Fund shall be prudently invested in the following types of... investment advisor or custodian to the Fund, or their affiliates may be purchased or held by the Fund....

  5. Enterprises of Ukraine: effective investment potencial management

    OpenAIRE

    Pashkevych, Marina Serhiyivna

    2011-01-01

    The issues of enterprise investment potencial effective management according to principles of sustainable development are investigated. The determination of enterprise investment potencial, the indicator of investment management effectiveness assessment and approaches to ranking of branches in compliance with enterprise investment potencial are developed.

  6. 12 CFR 703.18 - Grandfathered investments.

    Science.gov (United States)

    2010-01-01

    ... for the investment consistent with generally accepted accounting principles. (b) All grandfathered... 12 Banks and Banking 6 2010-01-01 2010-01-01 false Grandfathered investments. 703.18 Section 703... INVESTMENT AND DEPOSIT ACTIVITIES § 703.18 Grandfathered investments. (a) Subject to safety and...

  7. Investment policy, guidelines help providers control risk.

    Science.gov (United States)

    Seidner, A G

    1989-03-01

    Because the financial markets are volatile, every healthcare organization should establish its own investment policy and guidelines. An investment policy reflects the views of a hospital's board of trustees, and helps the trustees avoid conflict of interest situations. Investment guidelines spell out management's approach to three critical investing components: safety of principal, liquidity, and yield.

  8. Massive public investment needed to grow green economy.

    Science.gov (United States)

    2009-01-01

    The President of the Communications Workers of America, Larry Cohen, urges large-scale investments in research and technology in response to economic turmoil and climate change. He envisions one million made-in-America hybrid cars running on U.S. roadways by 2015 and use of alternative energy doubling within three years.

  9. Yunnan Smelting Group Examines an Aluminum Project for Possible Investment

    Institute of Scientific and Technical Information of China (English)

    2008-01-01

    <正>Tian Yong,General Manager of Yunnan Smelt- ing Group,has gone to Zha gai NuoEr in Heilongjiang Province with a study group to conduct a full careful examination on the feasi- bility of the investment in the aluminum pro- ject.Yunnan Smelting Group is a large-scale

  10. Gold versus stock investment: An econometric analysis

    Directory of Open Access Journals (Sweden)

    Martin Surya Mulyadi

    2012-06-01

    Full Text Available It is important to have a portfolio in investment to diversify the investment to different kinds of instruments. Based on previous research, it is concluded that gold is a good portfolio diversifier, a hedge against stock and safe haven in extreme stock market condition. As an investment instrument, stock is exposed to macroeconomic risks and global stock market risks. In this research, we conduct a comparison between the stock investment and gold investment by using the probit econometric model and data from 1997 to 2011. The final result obtained from the model shows that the gold investment is more advantageous than the stock investment.

  11. Hydroelectric developments in Nunavik : update on impact benefit agreements

    Energy Technology Data Exchange (ETDEWEB)

    Aatami, P. [Makivik Corp., Makivik, NF (Canada)

    2004-07-01

    The Partnership Agreement on Economic and Community Development in Nunavik is intended to accelerate development of natural resources in Nunavik and promote autonomy of the Inuit regional organizations. This can be accomplished through hydroelectric projects, mining, sport hunting, outfitting and tourism. In recent years, activities in these domains have raised fundamental questions pertaining to the advantages and disadvantages of resource development. The role that the Impact Benefit Agreement has on business opportunities has been examined more closely. The results of the Impact Benefit Agreement and its implication for the Cree Nation and hydro development in untapped regions of northern Quebec were described along with the role of the parties in financing future projects. An overview of the costs, benefits and considerations for hydro opportunities in northern Quebec was presented with reference to the electricity grid and the incentives for large investment. 1 fig.

  12. Canada: An Ideal Place for Outbound Investment

    Institute of Scientific and Technical Information of China (English)

    Li Zhen

    2010-01-01

    @@ In recent years,bilateral investment between China and Canada has become more and more active.According to the report on overseas investment of Chinese enterprises released by China Council for the Promotion of International Trade (CCPIT)at the 4th Chinese Enterprise Outbound Investment Conference,Chinese overseas investment is displaying an increasing trend,with the strength of Chinese enterprises and overseas investment rapidly growing.

  13. Investment attractiveness of Ukraine: problems and solutions

    Directory of Open Access Journals (Sweden)

    Onishchenko Irina

    2016-03-01

    Full Text Available The article describes basic questions of the investment climate and investment attractiveness of Ukraine. Investment Attractiveness Index is analyzed by the methodology of European Business Association. The main advantages of Ukraine that attract foreign investors are revised. The article applies the comprehensive approach to study the problems hindering the increase of investment attractiveness of Ukraine. It determines the ways of solving the problems associated with deterring investment development.

  14. Intelligent investment; Inversion inteligente

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2007-06-15

    In this presentation the company called Energia Renovable De Mexico SA de CV (ERDM), shows not only its obtained objectives but also its wanted objectives. This company is manufacturer and consultant of photovoltaic modules. In the first part, it is given a description of the following issues: the beginnings the company, the implemented marketing strategy, the signed agreement between ERDM and Q-CELLS AG in German, the construction of the San Andres Tuxtla's office as well as the PV module, the reasons why this company is considered a leader not only in Mexico but also in Latin America. Then, It is briefly explained the company's mission, which is mainly focused on the network-connected system that are currently allowed according to the Mexican laws. Besides, there are mentioned the key pieces that have made possible the success of this company. At the same time, there are briefly explained the plans for Mexico, in which there are found the use of both photovoltaic systems and wind turbines in order to feed the electric network. Such plans have as targets to reduce the energy cost in Mexico and to open the profitable market to potential investors. Finally, there are mentioned the future plans that are going to help the company's expansion and to improve some issues related to the energy. [Spanish] En esta presentacion la compania Energia Renovable De Mexico S.A. de C.V. (ERDM), describe tanto los objetivos alcanzados como los que desean alcanzar en el futuro, fungiendo no solo como fabricantes sino tambien como consultores de modulos fotovoltaicos. En la primera parte, se da una descripcion de: los inicios de la compania, las estrategias mercadologicas utilizadas, el acuerdo con Q-CELLS, Alemania; la construccion de la oficina de San Andres Tuxtla y del modulo PV, las causas que la han llevado a ser una empresa lider. Enseguida, se explica escuetamente la mision de la compania; ademas, se mencionan las piezas clave que la han llevado al exito

  15. 77 FR 35082 - Arrow Investment Advisers, LLC and Arrow Investments Trust; Notice of Application

    Science.gov (United States)

    2012-06-12

    ... COMMISSION Arrow Investment Advisers, LLC and Arrow Investments Trust; Notice of Application June 6, 2012... order under section 6(c) of the Investment Company Act of 1940 (``Act'') for an exemption from sections... Investment Advisers, LLC (``Arrow'') and Arrow Investments Trust (the ``Trust''). Summary of...

  16. Notes on Agreement in Itelmen

    Directory of Open Access Journals (Sweden)

    Jonathan David Bobaljik

    2002-01-01

    Full Text Available Agreement in Itelmen is represented by means of both prefixes and suffixes. While the prefixes reference subjects (of both transitive and intransitive verbs, the suffixal agreement morphemes on a given verb may reference the subject, the object, or an oblique argument, or some combination of these. We propose that the proper characterization of the factors that determine which arguments control suffixal agreement involves a division of labour between morphology and a notion of discourse prominence/salience. In essence, we propose that the suffixal agreement morpheme is an object agreement marker, but the features of the subject are reflected in this position when the object lacks the relevant features (for example, we treat third person as the lack of a person feature, or is absent altogether (thus, intransitive verbs agree twice with their subjects. When a verb occurs with an oblique as well as a direct object, discourse salience will determine which of these non-subject arguments will control object agreement. In addition to providing a description of a complex range of facts from Itelmen, the paper sheds light on the nature of “multiple exponence” and the role of “competition” among affixes for a particular position in the verbal agreement system.

  17. Noncontractible Investments and Reference Points

    Directory of Open Access Journals (Sweden)

    Oliver Hart

    2013-08-01

    Full Text Available We analyze noncontractible investments in a model with shading. A seller can make an investment that affects a buyer’s value. The parties have outside options that depend on asset ownership. When shading is not possible and there is no contract renegotiation, an optimum can be achieved by giving the seller the right to make a take-it-or-leave-it offer. However, with shading, such a contract creates deadweight losses. We show that an optimal contract will limit the seller’s offers, and possibly create ex post inefficiency. Asset ownership can improve matters even if revelation mechanisms are allowed.

  18. Foreign Investment Catalogues and Investment Environment in China

    Institute of Scientific and Technical Information of China (English)

    Liang Tao

    2010-01-01

    @@ On 23 December 2008,the National Development and Reform Commission("NDRC")and Ministry of Commerce("MOFCOM")of People's Republic of China jointly issued Catalogue of Foreign Investment Advantageous Industries in Central and Western China("Central and Western Catalogue"),which became effective on 1 January 2009.

  19. Manifesto for sustainable investment: investing for a sustainable future.

    Science.gov (United States)

    2004-01-01

    Environmental, labor, and non-governmental organizations in Europe are waging a campaign for sustainable investment to hold members of the European Union to their pledges to work for sustainable development and sustainable societies. The comment explains how to achieve sustainability by taking action at many levels of society.

  20. The Chieftaincy Institution in Ghana: Causers and Arbitrators of Conflicts in Industrial Jatropha Investments

    Directory of Open Access Journals (Sweden)

    Benjamin Betey Campion

    2014-09-01

    Full Text Available Large-scale land acquisition in Africa has been the concern and the focus of growing global literature on land grabbing. The upswing in biofuel investments in Ghana led to large-scale land acquisitions by the private sector presided over by chiefs. This research investigates how chiefs, in playing their traditional roles in the acquisition of land and as arbitrators, were, in most instances, the cause and the solution to the ensuing conflicts in the various communities. Data was collected through interviews, use of questionnaires and focus group discussions. Some of the conflict issues include loss of farmlands or other communal lands, disagreements on the land acquisition processes, the quantum and mode of execution of compensation payments and the existence or contents of social responsibility agreements. Furthermore, the use of negotiation, mediation and courts by people in these communities relative to arbitration by chiefs is increasing. The Government of Ghana needs to strengthen the public sector land institutions and put in place stronger and binding mechanisms for resolving disputes arising from large-scale acquisitions of land to cushion the effect of the weakening confidence in the chieftaincy institution.

  1. Investment Timing When External Financing Is Costly

    DEFF Research Database (Denmark)

    Hirth, Stefan; Uhrig-Homburg, Marliese

    2010-01-01

    This paper analyzes the investment timing of firms facing two dimensions of financing constraints: Liquidity constraints and capital market frictions inducing financing costs. We show that liquidity constraints are not sufficient to explain voluntary investment delay. However, when additionally...... considering financing costs, we can explain both voluntary delay and acceleration of investment. More precisely, we find that investment thresholds are U-shaped in liquid funds. For high-liquidity firms, investment thresholds are decreasing (i.e. accelerated investment takes place) in either dimension...... of financing constraint. In contrast, investment thresholds are increasing (i.e. investment is further delayed) in either form of financing constraint for low-liquidity firms. For intermediate levels of liquidity, investment thresholds are U-shaped in market frictions....

  2. Corporate Integrity Agreement (CIA) documents

    Data.gov (United States)

    U.S. Department of Health & Human Services — OIG negotiates corporate integrity agreements (CIA) with health care providers and other entities as part of the settlement of Federal health care program...

  3. Mass Customizing IT Service Agreements

    OpenAIRE

    Brocke, Henrik Finn; Uebernickel, Falk; Brenner, Walter

    2010-01-01

    IT service providers shall achieve both cost reduction in their IT operations and customer individuality in service agreements. This article suggests adapting the well known principle of mass customization to balance individuality and standardization in service agreements. Dependent on the commitment modularity type, its employment may not only save time and resources at the point of customer involvement but also allow the pre-engineering of repeatable processes of provisioning and IT operati...

  4. Analysis and models of bilateral investment treaties using a social networks approach

    Science.gov (United States)

    Saban, Daniela; Bonomo, Flavia; Stier-Moses, Nicolás E.

    2010-09-01

    Bilateral investment treaties (BITs) are agreements between two countries for the reciprocal encouragement, promotion and protection of investments in each other’s territories by companies based in either country. Germany and Pakistan signed the first BIT in 1959 and since then, BITs are one of the most popular and widespread form of international agreement. In this work we study the proliferation of BITs using a social networks approach. We propose a network growth model that dynamically replicates the empirical topological characteristics of the BIT network.

  5. Teacher Investment in Learner Identity

    Science.gov (United States)

    Reeves, Jenelle

    2009-01-01

    From a sociocultural perspective, teacher identity is constructed in relation to others, including other teachers and students. Drawing on positioning theory and the concept of investment, this study analyzed the case of a secondary English teacher who negotiated his teacher identity in relation to English language learners (ELLs). Findings…

  6. Optimal Investment in Structured Bonds

    DEFF Research Database (Denmark)

    Jessen, Pernille; Jørgensen, Peter Løchte

    2012-01-01

    of the article is to provide possible explanations for the puzzle of why small retail investors hold structured bonds. The investment universe consists of a stock index, a risk-free bank account, and a structured bond containing an option written on another index. We apply expected utility maximization...

  7. Investing in systematic factor premiums

    NARCIS (Netherlands)

    Koedijk, Kees G.; Slager, Alfred M. H.; Stork, P.A.

    2016-01-01

    In this paper we investigate and evaluate factor investing in the US and Europe for equities and bonds. We show that factor-based portfolios generally produce comparable or better portfolios than market indices. We expand the analysis to other asset classes and factors, work with other optimisation

  8. Delimitation of the investment project

    OpenAIRE

    Grosheva, N.; Solskaya, I.

    2009-01-01

    Project's scopes and works management is the important component of any investment plan. One of the ways of project's risks minimization involves more exact definition of those works which should be executed for the benefit of project completion and desirable cash flow obtainment.

  9. Greenland and Chinese outbound investments

    DEFF Research Database (Denmark)

    Mouyal, Lone Wandahl; Mortensen, Bent Ole Gram; Su, Jingjing

    2017-01-01

    Chinese companies and their global partners. However, Chinese outbound investment faces many hurdles both at home and outside. This article analyzes some of the main aspects in relation to regulatory hurdles, political obstacles as well as environmental, labor and financial challenges primarily focusing...

  10. Global risk, investment and emotions

    NARCIS (Netherlands)

    R. Bosman; F. van Winden

    2010-01-01

    We investigate a novel dynamic choice problem in an experiment where emotions are measured through self-reports. The choice problem concerns the investment of an amount of money in a safe option and a risky option when there is a ‘global risk’ of losing all earnings, from both options, including any

  11. Investment Moves Up and Out

    Institute of Scientific and Technical Information of China (English)

    2010-01-01

    Chinese companies look to make global names for themselves by eyeing overseas markets and expansions Establishing a long-term mechanism to expand consumption,as well as optimizing investment structures and quickening the pace for building a new growth pattern,were at the top of discussions at the Fifth Plenary

  12. Investment Moves Up and Out

    Institute of Scientific and Technical Information of China (English)

    HU YUE

    2010-01-01

    @@ Establishing a long-term mechanism to expand consumption, as well as optimizing investment structures and quickening the pace for building a new growth pattern, were at the top of discussions at the Fifth Plenary Session of the 17th Central Committee of the Communist Party of China held in Beijing from October 15-18.

  13. Investment Clubs Teach Financial Literacy

    Science.gov (United States)

    Cook, Sheri

    2007-01-01

    A study conducted by "Money" Magazine in August 2006 found that students are not as financially literate as they ought to be. Teachers are now being challenged to find alternative strategies to educate students in the ways of personal finance. One component of personal finance that is particularly challenging is investments. In this article, the…

  14. The Glocalization of Responsible Investment

    DEFF Research Database (Denmark)

    Gond, Jean-Pascal; Boxenbaum, Eva

    2013-01-01

    This study investigates the institutional work that underlies the diffusion of responsible investment (RI) and enhances its adaptation to local settings. Building on institutional theory and actor–network theory, we advance the concept of contextualization work to describe the institutional work ...

  15. Wenzhou Pilots New Investment Channels

    Institute of Scientific and Technical Information of China (English)

    WANGPEI

    2004-01-01

    Wenzhou, a coastal city in East China's Zhejiang province, has recently drawn much public attention with the establishment of two high profile private financial consortiums. Lying behind these two investment groups is the city's total available private capital, which according to official figures sits at 26o billion yuan (US$31 billion),including 160 billion yuan (US$19 billion) of bank savings.

  16. INVESTMENT DEVELOPMENT PATH – CONCEPT AND TERMS

    Directory of Open Access Journals (Sweden)

    Ovidiu Serafim TRUFIN

    2015-04-01

    Full Text Available This article aims to analyze and explain the traditional model of Investment Development Path with new teoretical approaches. Investment Develoment Path is the latest theory about foreign direct investment and explains the relationship between a country’s development level and international investment position of a country. It has become a necessity in this research field of Romanian economy to establish a idiosyncratic model for evolution of inflows and outflows of Foreign Direct Investments after 1990. Also, persistent confusion between static and dynamic nature in using appropriate economic Romanian terms is removed. General theoretical approach is enhanced with new elements of schematic theorizing of Stages of Investment Development Path.

  17. Inconsistent Investment and Consumption Problems

    Energy Technology Data Exchange (ETDEWEB)

    Kronborg, Morten Tolver, E-mail: mtk@atp.dk [ATP (Danish Labour Market Supplementary Pension Scheme) (Denmark); Steffensen, Mogens, E-mail: mogens@math.ku.dk [University of Copenhagen, Department of Mathematical Sciences (Denmark)

    2015-06-15

    In a traditional Black–Scholes market we develop a verification theorem for a general class of investment and consumption problems where the standard dynamic programming principle does not hold. The theorem is an extension of the standard Hamilton–Jacobi–Bellman equation in the form of a system of non-linear differential equations. We derive the optimal investment and consumption strategy for a mean-variance investor without pre-commitment endowed with labor income. In the case of constant risk aversion it turns out that the optimal amount of money to invest in stocks is independent of wealth. The optimal consumption strategy is given as a deterministic bang-bang strategy. In order to have a more realistic model we allow the risk aversion to be time and state dependent. Of special interest is the case were the risk aversion is inversely proportional to present wealth plus the financial value of future labor income net of consumption. Using the verification theorem we give a detailed analysis of this problem. It turns out that the optimal amount of money to invest in stocks is given by a linear function of wealth plus the financial value of future labor income net of consumption. The optimal consumption strategy is again given as a deterministic bang-bang strategy. We also calculate, for a general time and state dependent risk aversion function, the optimal investment and consumption strategy for a mean-standard deviation investor without pre-commitment. In that case, it turns out that it is optimal to take no risk at all.

  18. An Investment Decision Support System for Process Industries

    Institute of Scientific and Technical Information of China (English)

    周章玉; 成思危; 华贲; 曾敏刚; 尹清华

    2001-01-01

    Most studies on investment evaluation mainly focus on enterprise economic benefits only, without process operability and sustainability considered. In this paper, we suggest that investment evaluation in process industries should be executed under three strategic objectives--enterprise benefits, social benefits and customer benefits. A systematic investment evaluation and decision-making method with a four-step procedure based on the analytic hierarchy process (AHP) is proposed to evaluate various qualitative and quantitative elements with various criteria. At the first step, the decision hierarchy is constructed under the three strategic objectives. Second, pair-wise comparison is utilized to evaluate the weights of elements and criteria. Third, qualitative elements are quantified by pair-wise comparison and quantitative elements are re-scaled by a uniform criterion. At the last, the best choice is made through synthesizing values upward in the hierarchy. An investment decision support system (DSS) is developed based on Microsoft Excel, and applied to a retrofit investment of united fluid catalytic cracking(FCC) and liquefied gas separation process in a refinery plant.

  19. 'Incorporating the OECD Guidelines in International Investment Agreements: Turning a Soft Law Obligation into Hard Law?

    NARCIS (Netherlands)

    Zee, van der E.L.

    2013-01-01

    This article has been written as a response to two recent developments. First, as a response to the recent update of the Organisation for Economic Co-operation and Development (OECD) Guidelines on 25 May 2011, which seem to have taken a form based on human rights due diligence. Second, as a response

  20. 78 FR 19566 - Request for Comments Concerning Proposed Transatlantic Trade and Investment Agreement

    Science.gov (United States)

    2013-04-01

    ... United States and the EU that should be addressed in the negotiations; (j) relevant electronic commerce... cover letters to electronic submissions; rather, include any information that might appear in a...

  1. Inter-rater Agreement on Sentence Formality

    CERN Document Server

    Lahiri, Shibamouli

    2011-01-01

    Formality is one of the most important dimensions of writing style variation. In this study we conducted an inter-rater reliability experiment for assessing sentence formality on a five-point Likert scale, and obtained good agreement results as well as different rating distributions for different sentence categories. We also performed a difficulty analysis to identify the bottlenecks of our rating procedure. Our main objective is to design an automatic scoring mechanism for sentence-level formality, and this study is important for that purpose.

  2. Gender agreement and multiple referents

    Science.gov (United States)

    Finocchiaro, Chiara; Mahon, Bradford Z.; Caramazza, Alfonso

    2010-01-01

    We report a new pattern of usage in current, spoken Italian that has implications for both psycholinguistic models of language production and linguistic theories of language change. In Italian, gender agreement is mandatory for both singular and plural nouns. However, when two or more nouns of different grammatical gender appear in a conjoined noun phrase (NP), masculine plural agreement is required. In this study, we combined on-line and off-line methodologies in order to assess the mechanisms involved in gender marking in the context of multiple referents. The results of two pronoun production tasks showed that plural feminine agreement was significantly more difficult than plural masculine agreement. In a separate study using offline judgements of acceptability, we found that agreement violations in Italian are tolerated more readily in the case of feminine conjoined noun phrases (e.g., la mela e la banana ‘the:fem apple:fem and the: fem banana: fem’) than masculine conjoined noun phrases (e.g., il fiore e il libro ‘the:mas flower: mas and the:mas book:mas’). Implications of these results are discussed both at the level of functional architecture within the language production system and at the level of changes in language use.* PMID:21037930

  3. Gender agreement and multiple referents.

    Science.gov (United States)

    Finocchiaro, Chiara; Mahon, Bradford Z; Caramazza, Alfonso

    2008-01-01

    We report a new pattern of usage in current, spoken Italian that has implications for both psycholinguistic models of language production and linguistic theories of language change. In Italian, gender agreement is mandatory for both singular and plural nouns. However, when two or more nouns of different grammatical gender appear in a conjoined noun phrase (NP), masculine plural agreement is required. In this study, we combined on-line and off-line methodologies in order to assess the mechanisms involved in gender marking in the context of multiple referents. The results of two pronoun production tasks showed that plural feminine agreement was significantly more difficult than plural masculine agreement. In a separate study using offline judgements of acceptability, we found that agreement violations in Italian are tolerated more readily in the case of feminine conjoined noun phrases (e.g., la mela e la banana 'the:fem apple:fem and the: fem banana: fem') than masculine conjoined noun phrases (e.g., il fiore e il libro 'the:mas flower: mas and the:mas book:mas'). Implications of these results are discussed both at the level of functional architecture within the language production system and at the level of changes in language use.

  4. APPROACHES FOR EVALUATING AND FINANCING INVESTMENT PROJECTS

    Directory of Open Access Journals (Sweden)

    Maria-Loredana POPESCU

    2011-12-01

    Full Text Available This article presents the financial investment approach and the investment evaluation methods, which are criteria for assessing both investment projects and their funding sources. An important role in the analysis carried out is played by the investment decision and financing decision quality. Making an investment decision implies computing the related investment efficiency indicators. They allow the comparison of several variants of the same investment project as well as their comparison with other projects in the same industry or in other industries. The financing decision concerns the selection between their own sources (share capital, depreciation fund, profits, reserve funds, additional capital, revenues from investments, attracted sources (domestic resource mobilization and borrowed sources (credits.

  5. APPROACHES FOR EVALUATING AND FINANCING INVESTMENT PROJECTS

    Directory of Open Access Journals (Sweden)

    MARIA-LOREDANA POPESCU

    2011-04-01

    Full Text Available This article presents the financial investment approach and the investment evaluation methods, which are criteria for assessing both investment projects and their funding sources. An important role in the analysis carried out is played by the investment decision and financing decision quality. Making an investment decision implies computing the related investment efficiency indicators. They allow the comparison of several variants of the same investment project as well as their comparison with other projects in the same industry or in other industries. The financing decision concerns the selection between their own sources (share capital, depreciation fund, profits, reserve funds, additional capital, revenues from investments, attracted sources (domestic resource mobilization and borrowed sources (credits.

  6. Investment banks in AIC – alternative loan

    Directory of Open Access Journals (Sweden)

    O.V. Lysenok

    2015-03-01

    Full Text Available Determining the status and problems of modern investment in agricultural enterprises, as well as ways to improve their financial security. The article deals with the essence of investments and their varieties. The dynamics of the securities portfolio of domestic banks and investments in agriculture. According to a study submitted proposals to increase investment banking businesses in the agricultural sector, which is necessary to create such conditions are not included in the calculation of the volume of investment regulations investment banking provided by agribusiness companies; availability of specialized banks, which will focus its resources on the development of agricultural enterprises; give banks the opportunity to issue special investment certificates, which received funds will be channeled exclusively on investing in the development of agricultural enterprises; for the above to create an appropriate legal framework.

  7. Chinese Investment into the UK Record High

    Institute of Scientific and Technical Information of China (English)

    Alice Yang

    2010-01-01

    @@ Foreign investment from China in the UK has maintained strong growth from 59 projects(2008-09)to a new record 74 projects in2009-2010 financial year according to UK Trade & Investment Annual Review.

  8. Investment analysis baking industry in Ukraine

    OpenAIRE

    Oleksandr S. Balan; Zoya A. Stepanjuk; Julia O. Dubenchuk

    2015-01-01

    The investment attractiveness of the baking industry in Ukraine is considered in the article. The factors that affect the investment attractiveness of the industry are considered. Dedicated key issues bakery products.

  9. ICT Investment and Productivity: A Provincial Perspective

    OpenAIRE

    Andrew Sharpe; Jean-François Arsenault

    2008-01-01

    In 2008, Statistics Canada, for the first time, made available estimates of information and communication technology (ICT) investment by province. Given the importance of ICT investment for productivity growth, these data are important for the comparative analysis and understanding of productivity growth by province. The objective of this report is to present the basic data on ICT investment and ICT investment per worker in Canada and the ten provinces over the 1981-2007 period. The first par...

  10. CA Investment Casting Process of Complex Castings

    Institute of Scientific and Technical Information of China (English)

    2002-01-01

    CA (Computer aided) investment casting technique used in superalloy castings of aerospace engine parts was presented. CA investment casting integrated computer application, RP (Rapid Prototyping) process, solidification simulation and investment casting process. It broke the bottle neck of making metal die. Solid model of complex parts were produced by UGII or other software, then translated into STL(Stereolithography) file, after RP process of SLS(Selective Laser Sintering), wax pattern used in investment ...

  11. Chinalco Signed Agreement with Three Gorges Group to Explore Cooperation in Aluminum-Electricity Joint Operation

    Institute of Scientific and Technical Information of China (English)

    2011-01-01

    <正>On December 9th Chinalco signed a framework agreement for strategic cooperation with China Three Gorges Group Corporation ("Three Gorges Group") in Beijing. Both sides will carry out comprehensive cooperation in the investment and construction of domestic and oversea hydro power energy

  12. Framework agreements in public procurement

    DEFF Research Database (Denmark)

    Andrecka, Marta; Telles, Pedro

    2015-01-01

    Interview with Dr. Marta Andrecka, Postdoctoral Fellow at the Department of Law at the University of Aarhus, where she is currently working on a project called "Dealing with legal loopholes and uncertainties within EU public procurement law regarding framework agreements" sponsored by the Carlsberg...... Foundation. Before taking up her present position she carried out her doctoral research in Denmark and Australia and worked at law offices in both Poland and the UK. The topic for today’s talk is framework agreements, a relatively popular way of undertaking public procurement...

  13. GLOBALIZATION AND FOREIGN DIRECT INVESTMENTS

    Directory of Open Access Journals (Sweden)

    Elena Chirilă – Donciu

    2013-07-01

    Full Text Available Mobilizing financial resources to cover investment needs is a concern of all countries, developed or developing ones, of consolidated market economies or emerging ones. A distinctive characteristic of Global Economy over the last few decades has been the rising rate and impressive increase in Foreign Direct Investment (FDI. The purpose of this research is to analyse global FDI inflows in Europe and in Romania. The results of the research support the idea that the balance of economic power is changing in the world economy and the countries that own a stable and solid industrial base are at an advantage. The new trends determined by the economic crisis in the field of FDI refer to the growing percentage of developing and emerging countries in the global flows of FDI.

  14. 76 FR 43385 - Lending and Investment

    Science.gov (United States)

    2011-07-20

    ... Office of Thrift Supervision Lending and Investment AGENCY: Office of Thrift Supervision (OTS), Treasury... on the following information collection. Title of Proposal: Lending and Investment. OMB Number: 1550... investments for safety and soundness purposes are found at 12 CFR 560 and 562.1, 563.41, 563.170, and...

  15. 78 FR 72451 - Net Investment Income Tax

    Science.gov (United States)

    2013-12-02

    ... Revenue Service 26 CFR Part 1 RIN 1545-BL74 Net Investment Income Tax AGENCY: Internal Revenue Service...). These regulations provide guidance on the computation of net investment income. The regulations affect... lesser of: (A) The individual's net investment income for such taxable year, or (B) the excess (if...

  16. 75 FR 14633 - Veterans Workforce Investment Program

    Science.gov (United States)

    2010-03-26

    ...' Employment and Training Service Veterans Workforce Investment Program AGENCY: Veterans' Employment and...' Workforce Investment Program (VWIP) for Program Year (PY) 2010, as authorized under section 168 of the Workforce Investment Act (WIA) of 1998. This Solicitation for Grant Applications (SGA) notice contains...

  17. 31 CFR 586.312 - New investment.

    Science.gov (United States)

    2010-07-01

    ... 31 Money and Finance: Treasury 3 2010-07-01 2010-07-01 false New investment. 586.312 Section 586.312 Money and Finance: Treasury Regulations Relating to Money and Finance (Continued) OFFICE OF...) KOSOVO SANCTIONS REGULATIONS General Definitions § 586.312 New investment. The term new investment...

  18. 77 FR 4885 - Rural Business Investment Program

    Science.gov (United States)

    2012-02-01

    ...-Cooperative Service Rural Utilities Service 7 CFR Part 4290 RIN 0570-AA80 Rural Business Investment Program... the Rural Business Investment Program (RBIP) regulation, including one to conform to the 2008 Farm Bill provision that allows a Rural Business Investment Company two years to raise its capital....

  19. 12 CFR 345.23 - Investment test.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 4 2010-01-01 2010-01-01 false Investment test. 345.23 Section 345.23 Banks... COMMUNITY REINVESTMENT Standards for Assessing Performance § 345.23 Investment test. (a) Scope of test. The investment test evaluates a bank's record of helping to meet the credit needs of its assessment...

  20. 31 CFR 560.207 - Prohibited investment.

    Science.gov (United States)

    2010-07-01

    ... 31 Money and Finance: Treasury 3 2010-07-01 2010-07-01 false Prohibited investment. 560.207... § 560.207 Prohibited investment. Except as otherwise authorized pursuant to this part, and... investment by a United States person in Iran or in property (including entities) owned or controlled by...

  1. 76 FR 28504 - Lending and Investment

    Science.gov (United States)

    2011-05-17

    ... Office of Thrift Supervision Lending and Investment AGENCY: Office of Thrift Supervision (OTS), Treasury... collection. Title of Proposal: Lending and Investment. OMB Number: 1550-0078. Form Number: N/A. Description: Current OTS regulations for the documentation of loans and investments for safety and soundness...

  2. 12 CFR 25.23 - Investment test.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 1 2010-01-01 2010-01-01 false Investment test. 25.23 Section 25.23 Banks and... DEPOSIT PRODUCTION REGULATIONS Regulations Standards for Assessing Performance § 25.23 Investment test. (a) Scope of test. The investment test evaluates a bank's record of helping to meet the credit needs of...

  3. 31 CFR 560.316 - New investment.

    Science.gov (United States)

    2010-07-01

    ... 31 Money and Finance: Treasury 3 2010-07-01 2010-07-01 false New investment. 560.316 Section 560.316 Money and Finance: Treasury Regulations Relating to Money and Finance (Continued) OFFICE OF... § 560.316 New investment. The term new investment means a transaction after 12:01 EDT, May 7, 1995,...

  4. Interaction between Dynamic Financing and Investments

    DEFF Research Database (Denmark)

    Dockner, Engelbert J.; Mæland, Jøril; Miltersen, Kristian R.

    Debt priority rules, i.e., the rules determining how different classes of debt split the firm's assets after bankruptcy, influence the firm's investment decisions. Existing debt benefits from an investment either because the investment is equity financed or because new debt issued to (partly) fin...

  5. CHINA'S INVESTMENT in 2010 H1

    Institute of Scientific and Technical Information of China (English)

    2010-01-01

    @@ Attractiong foreign investment In the first half of 2010,the number of the newly established foreign-invested enterprises was 12377,an increase of 18.8%; the actual use of foreign investment was US$51.43billion,up 19.6%.

  6. 77 FR 3847 - Major Capital Investment Projects

    Science.gov (United States)

    2012-01-25

    ... Capital Investment Projects; Proposed Rule #0;#0;Federal Register / Vol. 77 , No. 16 / Wednesday, January... Part 611 RIN 2132-AB02 Major Capital Investment Projects AGENCY: Federal Transit Administration (FTA... investments, such as improved water quality or reduced runoff, even though some of these project...

  7. 78 FR 1991 - Major Capital Investment Projects

    Science.gov (United States)

    2013-01-09

    ... Capital Investment Projects; Notice of Availability of Proposed New Starts and Small Starts Policy... Part 611 RIN 2132-AB02 Major Capital Investment Projects AGENCY: Federal Transit Administration (FTA... implementation of the major capital investment program, primarily by giving the project justification...

  8. Investment factor of economic development in Uzbekistan

    Directory of Open Access Journals (Sweden)

    Ravshan Yuldashev

    2010-06-01

    Full Text Available Introducing anti-crisis program and maintenance of high investment activity in Uzbekistan were among core factors of tackling with global crisis pressure. However, the high investment dynamics bears a threat of economic “overheating” and decrease of investment process effectiveness. Then, it can be neutralized by use of principles and tools of comprehensive innovation management.

  9. Chinese outward foreign direct investments to Europe

    NARCIS (Netherlands)

    Blomkvist, Katarina; Drogendijk, Rian

    2016-01-01

    This paper addresses Chinese outward foreign direct investments (OFDI) in Europe. We aim to provide more knowledge on the ongoing research discussion about Chinese OFDI, more specifically, we answer questions about what is driving Chinese firms to invest in Europe, and whether Chinese investment beh

  10. 12 CFR 956.2 - Authorized investments.

    Science.gov (United States)

    2010-01-01

    ... Banks and Banking FEDERAL HOUSING FINANCE BOARD FEDERAL HOME LOAN BANK ASSETS AND OFF-BALANCE SHEET ITEMS FEDERAL HOME LOAN BANK INVESTMENTS § 956.2 Authorized investments. In addition to assets... part, in the Financial Management Policy and in part 980 of this chapter, each Bank may invest in:...

  11. Principles for Managing a Tribe's Financial Investments.

    Science.gov (United States)

    Stevenson, Gelvin

    1996-01-01

    Argues that to manage a tribe's investment portfolio well requires knowledge of the tribe's needs as well as of the money management industry and its concepts and language. Discusses opportunities for the investment of tribal funds, examining mutual funds, the use of investment advisors and consultants, diversification, and levels of risk. (MAB)

  12. 12 CFR 615.5140 - Eligible investments.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 6 2010-01-01 2010-01-01 false Eligible investments. 615.5140 Section 615.5140 Banks and Banking FARM CREDIT ADMINISTRATION FARM CREDIT SYSTEM FUNDING AND FISCAL AFFAIRS, LOAN POLICIES AND OPERATIONS, AND FUNDING OPERATIONS Investment Management § 615.5140 Eligible investments....

  13. 12 CFR 615.5133 - Investment management.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 6 2010-01-01 2010-01-01 false Investment management. 615.5133 Section 615.5133 Banks and Banking FARM CREDIT ADMINISTRATION FARM CREDIT SYSTEM FUNDING AND FISCAL AFFAIRS, LOAN POLICIES AND OPERATIONS, AND FUNDING OPERATIONS Investment Management § 615.5133 Investment management....

  14. 12 CFR 615.5132 - Investment purposes.

    Science.gov (United States)

    2010-01-01

    ... Banks and Banking FARM CREDIT ADMINISTRATION FARM CREDIT SYSTEM FUNDING AND FISCAL AFFAIRS, LOAN POLICIES AND OPERATIONS, AND FUNDING OPERATIONS Investment Management § 615.5132 Investment purposes. Each Farm Credit bank is allowed to hold eligible investments, listed under § 615.5140, in an amount not...

  15. Quantitative investment strategies and portfolio management

    NARCIS (Netherlands)

    Guo, J.

    2012-01-01

    This book contains three essays on alternative investments and portfolio management. Taking from a portfolio investor’s perspective, the first essay analyzes the portfolio implication of investing in hedge funds when there is a hedge fund lockup period. The second essay studies the investment prefer

  16. 12 CFR 228.23 - Investment test.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 3 2010-01-01 2010-01-01 false Investment test. 228.23 Section 228.23 Banks... COMMUNITY REINVESTMENT (REGULATION BB) Standards for Assessing Performance § 228.23 Investment test. (a) Scope of test. The investment test evaluates a bank's record of helping to meet the credit needs of...

  17. Transatlantic Cooperation in Space: Eu-Canada Free Trade Agreement

    Directory of Open Access Journals (Sweden)

    Luise Weber-Steinhaus

    2014-12-01

    Full Text Available National governments are keenly aware of the need for investment in space. Canada, as a formal cooperating state in the European Space Agency (ESA, and Germany, as a leading member state of ESA, are interlinked in Europe’s space endeavours. Beyond ESA, Germany and Canada additionally have a strong history of bilateral cooperation on a range of space projects. This paper discusses the novel interdependencies between clear national and now supranational space policies, using the examples of the Canada-European Union (EU Comprehensive Economic and Trade Agreement (CETA. The agreement covers most aspects of the EU-Canada bilateral economic relationship and includes space. The paper focuses on international space policies, strategic bilateral co-operation, and technical accomplishments. It takes a closer look at German-Canadian collaboration in space programs and offers some reflection on the effect of both the EU and ESA’S transatlantic involvement in space.

  18. 12 CFR 703.5 - Discretionary control over investments and investment advisers.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 6 2010-01-01 2010-01-01 false Discretionary control over investments and investment advisers. 703.5 Section 703.5 Banks and Banking NATIONAL CREDIT UNION ADMINISTRATION REGULATIONS AFFECTING CREDIT UNIONS INVESTMENT AND DEPOSIT ACTIVITIES § 703.5 Discretionary control over investments...

  19. 76 FR 61769 - Destra Capital Investments LLC and Destra Unit Investment Trust; Notice of Application

    Science.gov (United States)

    2011-10-05

    ... COMMISSION Destra Capital Investments LLC and Destra Unit Investment Trust; Notice of Application September... for an exemption from section 17(a) of the Act. SUMMARY OF THE APPLICATION: Destra Capital Investments... for an order under section 12(d)(1)(J) of the Investment Company Act of 1940 (``Act'') for...

  20. Block Transfer Agreement Evaluation Project

    Science.gov (United States)

    Bastedo, Helena

    2010-01-01

    The objective of this project is to evaluate for the British Columbia Council on Admissions and Transfer (BCCAT) the effectiveness of block transfer agreements (BTAs) in the BC Transfer System and recommend steps to be taken to improve their effectiveness. Findings of this study revealed that institutions want to expand block credit transfer;…

  1. Assessing agreement with multiple raters on correlated kappa statistics.

    Science.gov (United States)

    Cao, Hongyuan; Sen, Pranab K; Peery, Anne F; Dellon, Evan S

    2016-07-01

    In clinical studies, it is often of interest to see the diagnostic agreement among clinicians on certain symptoms. Previous work has focused on the agreement between two clinicians under two different conditions or the agreement among multiple clinicians under one condition. Few have discussed the agreement study with a design where multiple clinicians examine the same group of patients under two different conditions. In this paper, we use the intraclass kappa statistic for assessing nominal scale agreement with such a design. We derive an explicit variance formula for the difference of correlated kappa statistics and conduct hypothesis testing for the equality of kappa statistics. Simulation studies show that the method performs well with realistic sample sizes and may be superior to a method that did not take into account the measurement dependence structure. The practical utility of the method is illustrated on data from an eosinophilic esophagitis (EoE) study.

  2. ECONOMIC AND SOCIAL EFFICIENCY OF PROPERTY INVESTMENTS

    Directory of Open Access Journals (Sweden)

    Florina Oana Virlanuta

    2014-03-01

    Full Text Available Investments play a key part within the goods and services industry, consumerism and community as well. The effects generated by any investment project substantiate this statement, regardless the sector of activity in which they are implemented. In the current market economy, economic efficiency indicators are playing an important role in assessing and analyzing an investment project since due to these indicators, the investor can become aware of the most important aspects they need to respond promptly. In this respect, we conducted a market analysis of real estate investments in Romania, highlighting economic and social efficiency of property investments.

  3. China's Outward Direct and Portfolio Investments

    Institute of Scientific and Technical Information of China (English)

    Hung-Gay Fung; Qingfeng Wilson Liu; Erin H. C. Kao

    2007-01-01

    This paper analyzes developments and trends related to China's outward direct and financial investments by examining Chinese firms' overseas acquisitions, China's holdings of US Treasury securities, and the recently formally launched Qualified Domestic Institutional Investor programs. Strategies should be developed to reach optimal decisions for both direct and portfolio investments. We argue that China should have a longer-term view for both direct and portfolio investments, enabling China to become the leader in Asia while maintaining its sustainable growth objective. China should invest heavily in the development of the Asian bond market and the Asian Currency Fund when making both portfolio and direct investment decisions.

  4. KEY WDRDS for Foreign Investment in China

    Institute of Scientific and Technical Information of China (English)

    2008-01-01

    @@ FDI(Foreign Direct Investment),a component of a country's national financlal accounts,is investment of foreign assets into domestic structures,equipment,and organizations.It does not include foreign investment into the stock markets,concession and subcontract.FDI iS thought to be more useful to a country than investments in the equity of its companies because equity investments are potentially "hot money"which can leave at the first sign of trouble,whereas FDI is durable and generally useful whether things go well or badly.

  5. Effects of Deployment Investment on the Growth of the Biofuels Industry

    Energy Technology Data Exchange (ETDEWEB)

    Vimmerstedt, L. J.; Bush, B. W.

    2013-12-01

    In support of the national goals for biofuel use in the United States, numerous technologies have been developed that convert biomass to biofuels. Some of these biomass to biofuel conversion technology pathways are operating at commercial scales, while others are in earlier stages of development. The advancement of a new pathway toward commercialization involves various types of progress, including yield improvements, process engineering, and financial performance. Actions of private investors and public programs can accelerate the demonstration and deployment of new conversion technology pathways. These investors (both private and public) will pursue a range of pilot, demonstration, and pioneer scale biorefinery investments; the most cost-effective set of investments for advancing the maturity of any given biomass to biofuel conversion technology pathway is unknown. In some cases, whether or not the pathway itself will ultimately be technically and financially successful is also unknown. This report presents results from the Biomass Scenario Model -- a system dynamics model of the biomass to biofuels system -- that estimate effects of investments in biorefineries at different maturity levels and operational scales. The report discusses challenges in estimating effects of such investments and explores the interaction between this deployment investment and a volumetric production incentive. Model results show that investments in demonstration and deployment have a substantial positive effect on the development of the biofuels industry. Results also show that other conditions, such as supportive policies, have major impacts on the effectiveness of such investments.

  6. 2008 East Asia Investment Forum Investment Cooperation in East Asia Facing Global Financial Fluctuations

    Institute of Scientific and Technical Information of China (English)

    2008-01-01

    @@ 2008 East Asia Investment Forum was held from May 10 to May 11 in Beijing with the theme of"Investment Cooperation in East Asia Facing Global Financial Fluctuations".It shed light on investment challenges and opportunities in Vietnam,Lao,Cambodia and Burma which are the four emerging markets in East Asia,and investment hotspots in Vietnam as well as the potential for investment cooperation in East Asia.

  7. Strategy Diversity Stabilizes Mutualism through Investment Cycles, Phase Polymorphism, and Spatial Bubbles

    Science.gov (United States)

    Boza, Gergely; Kun, Ádám; Scheuring, István; Dieckmann, Ulf

    2012-01-01

    There is continuing interest in understanding factors that facilitate the evolution and stability of cooperation within and between species. Such interactions will often involve plasticity in investment behavior, in response to the interacting partner's investments. Our aim here is to investigate the evolution and stability of reciprocal investment behavior in interspecific interactions, a key phenomenon strongly supported by experimental observations. In particular, we present a comprehensive analysis of a continuous reciprocal investment game between mutualists, both in well-mixed and spatially structured populations, and we demonstrate a series of novel mechanisms for maintaining interspecific mutualism. We demonstrate that mutualistic partners invariably follow investment cycles, during which mutualism first increases, before both partners eventually reduce their investments to zero, so that these cycles always conclude with full defection. We show that the key mechanism for stabilizing mutualism is phase polymorphism along the investment cycle. Although mutualistic partners perpetually change their strategies, the community-level distribution of investment levels becomes stationary. In spatially structured populations, the maintenance of polymorphism is further facilitated by dynamic mosaic structures, in which mutualistic partners form expanding and collapsing spatial bubbles or clusters. Additionally, we reveal strategy-diversity thresholds, both for well-mixed and spatially structured mutualistic communities, and discuss factors for meeting these thresholds, and thus maintaining mutualism. Our results demonstrate that interspecific mutualism, when considered as plastic investment behavior, can be unstable, and, in agreement with empirical observations, may involve a polymorphism of investment levels, varying both in space and in time. Identifying the mechanisms maintaining such polymorphism, and hence mutualism in natural communities, provides a significant

  8. Anticipated and experienced emotions in an investment experiment

    NARCIS (Netherlands)

    R.A.J. Bosman; F.A.A.M. van Winden

    2001-01-01

    his paper experimentally investigates investment behavior.We find that global risk - i.e. risk independent of an agent’sinvestment decision (like political risk) - substantiallydecreases investment. Also effort to obtain the capital usedfor investment decreases investment substantially. Theseresults

  9. The returns and risks of investment portfolio in stock market crashes

    Science.gov (United States)

    Li, Jiang-Cheng; Long, Chao; Chen, Xiao-Dan

    2015-06-01

    The returns and risks of investment portfolio in stock market crashes are investigated by considering a theoretical model, based on a modified Heston model with a cubic nonlinearity, proposed by Spagnolo and Valenti. Through numerically simulating probability density function of returns and the mean escape time of the model, the results indicate that: (i) the maximum stability of returns is associated with the maximum dispersion of investment portfolio and an optimal stop-loss position; (ii) the maximum risks are related with a worst dispersion of investment portfolio and the risks of investment portfolio are enhanced by increasing stop-loss position. In addition, the good agreements between the theoretical result and real market data are found in the behaviors of the probability density function and the mean escape time.

  10. The risks and returns of stock investment in a financial market

    Science.gov (United States)

    Li, Jiang-Cheng; Mei, Dong-Cheng

    2013-03-01

    The risks and returns of stock investment are discussed via numerically simulating the mean escape time and the probability density function of stock price returns in the modified Heston model with time delay. Through analyzing the effects of delay time and initial position on the risks and returns of stock investment, the results indicate that: (i) There is an optimal delay time matching minimal risks of stock investment, maximal average stock price returns and strongest stability of stock price returns for strong elasticity of demand of stocks (EDS), but the opposite results for weak EDS; (ii) The increment of initial position recedes the risks of stock investment, strengthens the average stock price returns and enhances stability of stock price returns. Finally, the probability density function of stock price returns and the probability density function of volatility and the correlation function of stock price returns are compared with other literatures. In addition, good agreements are found between them.

  11. Mineral processing techniques for recycling investment casting shell

    Energy Technology Data Exchange (ETDEWEB)

    Dahlin, Cheryl L.; Nilsen, David N.; Dahlin, David C.; Hunt, Alton H.; Collins, W. Keith

    2002-01-01

    The Albany Research Center of the U.S. Department of Energy used materials characterization and minerals beneficiation methods to separate and beneficially modify spent investment-mold components to identify recycling opportunities and minimize environmentally sensitive wastes. The physical and chemical characteristics of the shell materials were determined and used to guide bench-scale research to separate reusable components by mineral-beneficiation techniques. Successfully concentrated shell materials were evaluated for possible use in new markets.

  12. Impact of Real-world Factors Influencing Investment Decisions on the Costs and Distribution of Climate Change Mitigation

    Science.gov (United States)

    Edmonds, J.; Iyer, G.; McJeon, H. C.; Leon, C.; Hultman, N.

    2015-12-01

    Strategies to mitigate dangerous anthropogenic climate change require a dramatic transformation of the energy system to reduce greenhouse gas emissions, that in turn requires large-scale investments. Investment decisions depend not only on investment capital availability but also on investment risks. A number of factors such as national policy environments, quality of public and private institutions, sector, firm and technology specific characteristics can affect investors' assessments of risks, leading to a wide variation in the business climate for investment. Such heterogeneity in investment risks can have important implications, as investors usually respond to risks by requiring higher returns for riskier projects; delaying or forgoing the investments; or preferring to invest in existing, familiar projects. We study the impact of variation in investment risks on regional patterns of emissions mitigation, the cost of emissions mitigation and patterns of technology deployment. We modify an integrated assessment model, widely used in global climate policy analyses (the Global Change Assessment Model) and incorporate decisions on investments based on risks along two dimensions. Along the first dimension, we vary perceived risks associated with particular technologies. To do so, we assign a higher cost of capital for investment in low-carbon technologies as these involve intrinsically higher levels of regulatory and market risk. The second dimension uses a proxy to vary investment risks across regions, based on an institutional quality metric published by the World Economic Forum. Explicit representation of investment risks has two major effects. First, it raises the cost of emissions mitigation relative to a world with uniform investment risks. Second, it shifts the pattern of emissions mitigation, with industrialized countries mitigating more, and developing countries mitigating less. Our results suggest that institutional reforms aimed at lowering investment

  13. 77 FR 32115 - Notice of Agreements Filed

    Science.gov (United States)

    2012-05-31

    ... Agreement Western Mediterranean-U.S. East Coast. Parties: CMA CGM, S.A. and A.P. Moller-Maersk A/S. Filing.... Synopsis: The amendment would add Morocco to the geographic scope of the agreement. Agreement No.:...

  14. 78 FR 48163 - Notice of Agreements Filed

    Science.gov (United States)

    2013-08-07

    ..., Oregon as member to the agreement. Agreement No.: 012184-001. Title: Crowley/Maersk Line Panama--U.S. Space Charter Agreement. Parties: Crowley Latin America Services, LLC and A.P. Moller-Maersk A/S....

  15. 77 FR 45610 - Notice of Agreement Filed

    Science.gov (United States)

    2012-08-01

    ... (202) 523-5793 or tradeanalysis@fmc.gov . Agreement No.: 012125-001. Title: Maersk/Evergreen Slot Exchange Agreement. Parties: A.P. Moller-Maersk A/S and Evergreen Line Joint Service Agreement....

  16. 76 FR 20668 - Notice of Agreements Filed

    Science.gov (United States)

    2011-04-13

    ... amendment deletes Hanjin Shipping as a party to the Agreement. Agreement No.: 012105-001. Title: SCM Lines Transportes/CCNI Agreement. Parties: Compania Chilena de Navegacion Interoceanica S.A. and SCM...

  17. Observers' Agreement on Measurements in Fiberoptic Endoscopic Evaluation of Swallowing.

    Science.gov (United States)

    Pilz, Walmari; Vanbelle, Sophie; Kremer, Bernd; van Hooren, Michel R; van Becelaere, Tine; Roodenburg, Nel; Baijens, Laura W J

    2016-04-01

    This study analyzed the effect that dysphagia etiology, different observers, and bolus consistency might have on the level of agreement for measurements in FEES images reached by independent versus consensus panel rating. Sixty patients were included and divided into two groups according to dysphagia etiology: neurological or head and neck oncological. All patients underwent standardized FEES examination using thin and thick liquid consistencies. Two observers scored the same exams, first independently and then in a consensus panel. Four ordinal FEES variables were analyzed. Statistical analysis was performed using a linear weighted kappa coefficient and Bayesian multilevel model. Intra- and interobserver agreement on FEES measurements ranged from 0.76 to 0.93 and from 0.61 to 0.88, respectively. Dysphagia etiology did not influence observers' agreement level. However, bolus consistency resulted in decreased interobserver agreement for all measured FEES variables during thin liquid swallows. When rating on the consensus panel, the observers deviated considerably from the scores they had previously given on the independent rating task. Observer agreement on measurements in FEES exams was influenced by bolus consistency, not by dysphagia etiology. Therefore, observer agreement on FEES measurements should be analyzed by taking bolus consistency into account, as it might affect the interpretation of the outcome. Identifying factors that might influence agreement levels could lead to better understanding of the rating process and assist in developing a more precise measurement scale that would ensure higher levels of observer agreement for measurements in FEES exams.

  18. Investments and Growth in Agriculture

    Directory of Open Access Journals (Sweden)

    Marina Luminita Sarbovan

    2013-05-01

    Full Text Available The economic growth of all countries, during the past centuries had aimed to balance the global raising number of population with the food production, as a basic requirement for mankind survival. Unlike the pessimistic view of Malthus and neo-maltusianists, who considered population and food resources a given disequilibrium, from the individual entrepreneurs and farmers up to the macroeconomic decedents of the rural policies, they all prove a continuous commitment to feed consumers with their basic requirements. This is why investments and subventions in agriculture have important particularities and consequences, and play a major role on the global market.

  19. Investment Projects in Auto Industry

    Institute of Scientific and Technical Information of China (English)

    2009-01-01

    @@ Project of passenger vehicle with annual production capacity 5000 sets of Changchun FAW Passenger Vehicle Co.,Ltd. 1.1 Basic information of project undertaker FAW Passenger Vehicle Co.,Ltd.is a full-funded subsidiary of FAW Group in China and founded on September 30,2002.The company headquarters is located at Changchun Economic and Technological Development Zone of Jilin Province with superior investment environment,covering an area of 12.6hm2,with total assets RMB 1.03 billion Yuan.

  20. Investing in e-health

    CERN Document Server

    Gustafson, David H; Hawkins, Robert P

    2007-01-01

    As the Internet's presence in health care grows more pervasive, an increasing number of health care providers have begun to implement eHealth innovations in their practice. This book explores the development of a model to predict and explain the degree of success it is possible to achieve in implementing e-health systems. This model allows an institution to benchmark its progress towards IHCS implementation and advises administrators where to invest resources to increase the chance of successful implementation. A set of case studies highlights key features of the model, with each case study fu

  1. An adaptation of the Interpersonal Problem Areas Rating Scale: pilot and interrater agreement study Adaptação da Escala de Áreas Problema da Psicoterapia Interpessoal: estudo piloto e avaliação de concordância

    Directory of Open Access Journals (Sweden)

    Ana Claudia Fontes de Andrade

    2008-12-01

    Full Text Available OBJECTIVE: This article describes the adaptation of a rating scale of interpersonal psychotherapy problem areas to include a fifth problem area appropriate to bipolar disorder and an interrater agreement study in identifying interpersonal problem areas and selecting a primary treatment focus if patients were to engage in treatment. METHOD: Five research interpersonal psychotherapists assessed nine audiotapes of a single interview with five bipolar and four unipolar patients in which the interpersonal inventory and identification of problem areas were undertaken. RESULTS: Raters agreed on presence and absence of problem areas in seven tapes. Kappas for identification of problem areas were 1.00 (grief, 0.77 (role dispute, 0.61 (role transition, 0.57 (interpersonal deficits and 1.00 (loss of healthy self. Kappa for agreement on a primary clinical focus if patients were to engage in interpersonal psychotherapy treatment was 0.64. CONCLUSIONS: The adaptation of the original scale to include an area pertinent to bipolar disorder proved to be applicable and relevant for use with this population. The results show substantial interrater agreement in identifying problem areas and potential treatment focus.OBJETIVO: Este artigo descreve a adaptação de uma escala de avaliação de áreas problema da psicoterapia interpessoal que inclui uma área própria ao transtorno bipolar e um estudo de concordância em identificar áreas problema e selecionar um foco primário de tratamento caso os pacientes fossem participar de tratamento. MÉTODO: Cinco terapeutas interpessoais avaliaram nove audiotapes de uma única entrevista com cinco pacientes bipolares e quatro pacientes unipolares em que o inventário interpessoal e identificação de áreas problema foram empreendidos. RESULTADOS: Os avaliadores concordaram na presença e ausência de áreas problema em sete fitas. Kappas para identificação de áreas problema foram 1,00 (luto, 0,77 (disputa de papel, 0

  2. Investment and Upgrade in Distributed Generation under Uncertainty

    Energy Technology Data Exchange (ETDEWEB)

    Siddiqui, Afzal; Maribu, Karl

    2008-08-18

    The ongoing deregulation of electricity industries worldwide is providing incentives for microgrids to use small-scale distributed generation (DG) and combined heat and power (CHP) applications via heat exchangers (HXs) to meet local energy loads. Although the electric-only efficiency of DG is lower than that of central-station production, relatively high tariff rates and the potential for CHP applications increase the attraction of on-site generation. Nevertheless, a microgrid contemplatingthe installation of gas-fired DG has to be aware of the uncertainty in the natural gas price. Treatment of uncertainty via real options increases the value of the investment opportunity, which then delays the adoption decision as the opportunity cost of exercising the investment option increases as well. In this paper, we take the perspective of a microgrid that can proceed in a sequential manner with DG capacity and HX investment in order to reduce its exposure to risk from natural gas price volatility. In particular, with the availability of the HX, the microgrid faces a tradeoff between reducing its exposure to the natural gas price and maximising its cost savings. By varying the volatility parameter, we find that the microgrid prefers a direct investment strategy for low levels of volatility and a sequential one for higher levels of volatility.

  3. Capital investment at North Bohemian Brown Coal Mines

    Energy Technology Data Exchange (ETDEWEB)

    Vavrecka, S.

    1987-03-01

    Various categories of investment are discussed to be undertaken by North Bohemian Brown Coal Mines: State Plan projects, such as new extraction capacity at Most and Vrsany mines; other construction work, such as schools and recreation facilities, housing construction; underground mine workings; equipment and machinery not included in other categories; restoration work, such as the Ervenicky road/rail/water corridor; work to remove obstacles hindering future mining operations. Investments are briefly summarizes since the beginning of the 5th Five Year Plan as being concerned mainly with the shift in emphasis from underground mining to surface mining at 8 large-scale mines (Merkur, Brezno, Vrsany, Sverma, VCSA, Most, VMG, Chabrovice). An analysis of investment procedures conducted in 1980 is briefly discussed, the results of which had 4 main themes: investment control systems should be strengthened, communications between general directorate and individual departments should be improved, links between specialist institutes should be improved and these recommendations should be built into the organizational structure.

  4. Croatian bank investments in securities

    Directory of Open Access Journals (Sweden)

    Antun Jurman

    2005-12-01

    Full Text Available In this paper the author presents the basic characteristics of debt securities and shares and analyses the amount, structure and characteristics of the securities portfolio in Croatian banks in period from 1993 to 2004. The analysis shows that in the entire analyzed period Republic of Croatia together with state funds and other public institutions was the main issuer of securities that banks have in their portfolios. The securities issued by banks and companies represent only a marginal part of banks’ portfolios but it is also true that banks have strongly supported the privatization process of state owned companies by providing credit for purchasing of shares and later on swapping their credit claims for shares. In this way banks acquired a significant portfolio of shares that they later sold on the open market. Data about the significant reduction of securities portfolio in the banking assets structure, from 46.1% in 1993 to only 10.6% in 2004, is indicative of a low level of trading in securities. This means that in the following years, central and local government should secure the necessary funds more by issuing securities than by credit, especially not by taking credit from abroad. Furthermore, in order to spread business with securities, banks should also substitute a portion of their credit portfolio with short and long term securities. In this way, the investors would be able to use the benefits of investing in securities instead of investing their funds in bank deposits as they have done until now.

  5. The General Unenforceability of Collective Agreements under Nigerian Labour Jurisprudence: The Paradox of Agreement without Agreement

    Directory of Open Access Journals (Sweden)

    Vincent Iwunze

    2013-12-01

    Full Text Available This study considers the status of collective agreements under Nigerian labour law, examining the extent of their enforceability under the extant laws. It considers the emerging trends in some more advanced jurisdictions of the world in that regard and comparatively portrays the anachronisms of the Nigerian law on the point. It takes the position that the current legal climate as regards the legal status of collective agreements under Nigerian law is potentially disruptive of industrial peace and harmony and is bound to occasion serious hardship on employees. The work suggests among others a jurisprudential shift in paradigm if the Nigerian labour jurisprudence must meet and be reflective of modern socio-economic realities.

  6. Evaluation of investment processes in agriculture in Poland in 2000-2011

    Directory of Open Access Journals (Sweden)

    Aleksander Grzelak

    2013-06-01

    Full Text Available The main aim of the article is evaluation of investment processes in agriculture in Poland in 2000-2011. Tendencies in range of investment activity after 2000 should by favourably estimate. Essential improvement in this area has happened especially after integration with the EU, in relationship to possibilities of funding investments by union funds. Also the enlargement of integration investment activity in agriculture has been noticed on background of tendency in total economy. In spite an increasing tendency in case of ability to invest in agriculture, its level was insufficient to set – back decapitalization of fixed assets in the whole agriculture. The situation would be positive if the tendency of growth degree of consumption of assets was stopped. On the other hand, awareness is necessary of the considerable differentiation in relation to investment activity with regard to the scale of production. It can be supposed, that started investment processes will bring to a part of agricultural farms multiplied effects which will actively use the investment support under the CAP instruments and preferential credits. It will intensify the processes of polarization in agriculture.

  7. Investing in human and natural capital. An alternative paradigm for sustainable development in Awassa, Ethiopia

    Energy Technology Data Exchange (ETDEWEB)

    Reynolds, Travis W. [Evans School of Public Affairs, University of Washington, Seattle, Washington, 98195 (United States); Farley, Joshua [Gund Institute for Ecological Economics and Department of Community Development and Applied Economics, University of Vermont, Burlington, Vermont, 05405 (United States); Huber, Candice [UVM Agricultural Extension Service, University of Vermont, Burlington, Vermont, 05405 (United States)

    2010-09-15

    Ethiopia remains underdeveloped due to limitations in natural, human, social and built capital. A 2006 scientific atelier conducted in the city of Awassa, Ethiopia investigated investments in human and natural capital as a sustainable development strategy. Local stakeholders identified firewood shortages, degradation of croplands, rising lake levels encroaching on croplands and poor water quality as major impediments to development. They further identified ecological degradation as a key component of these problems, and they acknowledged multiple vicious cycles compounding the environmental and economic threats to the Awassa community. Proposed solutions included investment in natural capital in the form of reforestation activities, investment in human capital in the form of promoting more efficient wood stoves along with increasing public awareness of environmental threats, and investments in social capital in the form of inter-institutional coordination to address environmental problems. All recommended investments rely primarily on national resources, in distinct contrast to the extensive imports required for most built capital investments. Unfortunately, Awassa lacks the surplus necessary for major capital investments of any kind. The atelier therefore helped local participants identify potential funders and write grant proposals for various projects, though none have been funded so far. Reversing the ecological degradation on the scale necessary for sustained economic development in Ethiopia however will require a steady flow of substantial investments, and cannot rely solely on the short term generosity of funders. International payments for carbon sequestration and other ecosystem services could help provide the necessary resources. (author)

  8. China Nonferrous Metal Invested 1.3-billion in a Rare Earth Separation Project in Xinfeng,Guangdong

    Institute of Scientific and Technical Information of China (English)

    2013-01-01

    <正>On the 9th Oct,a signing ceremony on project investment and construction was held between China Nonferrous Metal Industry’s Foreign Engineering and Construction Co.,Ltd.and the Xinfeng County Government,Guangdong.According to agreement,the company will invest RMB 1.3 billion in Xinfeng County to develop a rare earth separation project in the south,in

  9. Policy Uncertainty, Investment and Commitment Periods

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2007-07-01

    Today's investment decisions in key sectors such as energy, forestry or transport have significant impacts on the levels of greenhouse gas (GHG) emissions over the coming decades. Given the economic and environmental long-term implications of capital investment and retirement, a climate mitigation regime should aim to encourage capital investment in climate-friendly technologies. Many factors affect technology choice and the timing of investment, including investor expectations about future prices and policies. Recent international discussions have focused on the importance of providing more certainty about future climate policy stringency. The design of commitment periods can play a role in creating this environment. This paper assesses how the length of commitment periods influences policy uncertainty and investment decisions. In particular, the paper analyses the relationship between commitment period length and near term investment decisions in climate friendly technology.

  10. Regional Development and Effects of Investment Banks

    Directory of Open Access Journals (Sweden)

    İsmail Erkan Çelik

    2013-04-01

    Full Text Available The World Bank is the most important financier for international investment. The bank opens credits mostly for investment projects in developing countries. Turkey has received various investment credits since its membership to the World Bank on March 11, 1947. The credits were used for economic and social domains. Turkey has also been granted credits from the European Investment Bank (EIB. The credits received are composed of micro credits that belong to small and medium enterprises (SMEs. A regional development bank, Islamic Development Bank, has also received credits through Eximbank and Industrial Development Bank of Turkey (TSKB to finance Turkish SMEs. This paper deals with Turkish investment strategies in the framework of basic principles of investment – development banks.

  11. Investment Projects Evaluation in Decision Making Process

    Directory of Open Access Journals (Sweden)

    Dunja Škalamera-Alilović

    2005-08-01

    Full Text Available One of the most important criteria in classifying investment projects is economic dependence between new and existing projects. Economic dependence causes the neccessity of specific information in decision making process. The prerequisite of shaping incremental effects projections is to take opportunity effects, caused by economic dependence, into account. Basic principles of risk estimation that are well known in the field of financial assets, are concerning real investments as well. An enterprise can be viewed as portfolio of investment projects that cannot be perfectly diversified and where market risk is not the most important risk. In the field of real investments, individual risk and added risk to the total risk of enterprise, besides market risk, have to be estimated. This paper explains basic principles of risk estimation in the field of investment projects in the selection of project variants. It researches types of economic dependence among various investment projects and their influence into decision making process.

  12. Port Investment Strategies under Uncertainty: The Case of a Southeast Asian Multipurpose Port1

    Directory of Open Access Journals (Sweden)

    Ioannis N. Lagoudis

    2014-12-01

    The methodology has been applied on the expansion evaluation of warehousing facilities in a multipurpose port. For the evaluation of the alternatives, the expected net present value (ENPV is based on earnings before interest, tax, depreciation and amortization (EBITDA. Results show that the investment strategy for a new 4-level warehouse with a flexible option was the optimal choice when compared with strategies of similar scale. However, depending on the emphasis placed on the various investment metrics the optimal investment strategy seems to be closer to a non-flexible 5-level warehouse.

  13. Between voluntary agreement and legislation

    DEFF Research Database (Denmark)

    Gwozdz, Wencke; Hedegaard, Liselotte; Reisch, Lucia

    2009-01-01

    Voluntary agreements and self-imposed standards are broadly applied to restrict the influence food advertising exerts on children’s food choices – yet their effects are unknown. The current project will therefore investigate whether and, if yes, how the Danish Code for Responsible Food Marketing...... Communication towards Children (hereafter: CODE) – with its dependence on a supportive institutional environment and acceptance of as well as dynamics between involved key stakeholders like consumers, political actors and firms – contributes to fighting the obesity pandemic.Thus, we explore within this article...

  14. Forecasting of Government Investment Scale on the Higher Education during the Thirteenth“Five-Year Plan”in the Economic New Normal%经济新常态下我国“十三五”期间高等教育财政投资规模预测

    Institute of Scientific and Technical Information of China (English)

    唐一鹏; 胡咏梅

    2015-01-01

    In the near future,the economic development of China will be in the new normal,and how to posi-tively respond to the shock of the economic slowdown and structure transformation to the government expenditure on higher education becomes the primary mission at hand. Based on the transnational data during 2001—2011,this paper conducts comparative analysis on the governmental higher education investment of major countries worldwide, and applies econometric model of panel time-series data to forecast the ratio and scale of Chinese government in-vestment on higher education during the 13th“Five-year Plan”(2016—2020). The main research findings are:(1)During 2001—2011,the per student government expenditure on higher education of China is much lower than that of Western or Asian developed countries;the ratio of government expenditure on higher education to GDP is much lower than that of Western developed countries and even that of major developing countries,but higher than that of Asian developed countries;the ratio of government expenditure on higher education to total public spending of China is higher than that of Western or Asian developed countries,but still lower than that of major developing countries in a few years.(2)During the 13th“Five-year Plan”,if China’s economic growth maintains its moder-ately high speed(7. 5% ~ 7% ),the feasible interval of ratio of government expenditure on higher education to GDP is between 0. 830 7% ~ 0. 881 5% ,and the feasible interval of government investment scale on higher educa-tion is between 98. 526 billion US dollars to 140. 949 billion US dollars.(3)In the similar manner during the 13th“Five-Year Plan”,if China’s economic growth slows down to the level of 6. 5% ~ 6% ,the feasible interval of ra-tio of government expenditure on higher education to GDP is between 0. 828 4% ~ 0. 873 2% ,and the feasible in-terval of government investment scale on higher education is between 96. 426 billion US dollars to 131

  15. Foreign Direct Investment in Indian Economy.

    OpenAIRE

    Kapoor, Vikas

    2007-01-01

    Over the past few years, India's inward Foreign Direct investment (FDI) has attracted many scholars interest. The objective of this study is to focus on the impact that Foreign Direct investment has for Indian economic growth and development. It seeks to briefly reveal why there has been a recent surge in FDI and also the factors that prevent India from attracting foreign direct investments. Main determinants of FDI will also be revealed in this paper. In addition, this paper also compar...

  16. Monitoring the effectiveness evaluation of investment projects

    Directory of Open Access Journals (Sweden)

    Skopin Alex O.

    2012-02-01

    Full Text Available The article raised the question of monitoring regulatory evaluation of the effectiveness of regional investment projects. This is justified by the fact that the current regulatory framework defined indicators for measuring the effectiveness of regional investment projects, but these figures are usually used only at the design stage of the project, an interim assessment of the effectiveness of a sufficiently simplified and based on the level of exploration investment.

  17. Foreign investment multinational companies and economic development

    OpenAIRE

    Popov, Đorđe

    2013-01-01

    There is no universal answer on the question whether foreign investments stimulate economic development. The positive effect of foreign direct investments will follow when the investments is carried out under normal conditions of competition. That means, above all, low barriers for foreign trade and the low level of restrictions for foreign owned companies. In such circumstances, multinational corporations can assist the economies of penetration to make its businesses more efficient. Foreign ...

  18. Investment climate in Vietnam: potentials and limitations

    OpenAIRE

    Nguyen Thi Hong Bach Lien; Shatokhina, Anastasia Olegovna

    2016-01-01

    Due to economic renovation in 1986, Vietnam has gained a number of convincing social-economic achievements. One of the factors determining the success of Vietnam's economy is the support of foreign direct investment. Thus, the study and analysis of the determinants, affecting the ability to attract foreign investment have become more practically oriented and necessary. The main purpose of the article is to clarify the definition of investment climate and its characteristics in Vietnam. The ar...

  19. Real Options Analysis of Electricity Investments

    Energy Technology Data Exchange (ETDEWEB)

    Heggedal, Ane Marte

    2012-07-01

    This thesis utilizes real options analysis for evaluating investment opportunities in the electricity sector. It also formally tests how investors in hydropower plants have included uncertainty when considering their investment opportunities. The real options method applies financial options theory to quantify the value of management flexibility and is chosen due to three important characteristics of investments in the electricity sector. First; the investment is completely or partially irreversible, second; the investor can choose when to invest in the facility, and third; there is uncertainty in several factors affecting the cash flows of the investments. Factors of uncertainty include the development of electricity prices, policies, technological advances, and macroeconomics measures.Four papers are included in this thesis. Paper 1, Upgrading hydropower plants with storage: Timing and capacity choice, presents a valuation framework for deciding when to upgrade an existing hydropower plant and which capacity to choose. The second paper, Transmission capacity between Norway and Germany: A real options analysis, sheds light on when two electricity markets, in this case Norway and Germany, should be connected through a sub sea cable. The investor can choose when to invest and the capacity of the cable, and may also choose to invest sequentially. Paper 3, Optimal timing and capacity choice for pumped hydropower storage, investigates when investment in a pumped hydropower plant with storage should be undertaken and what the capacity of the facility should be. Whereas the three first papers investigate investment opportunities, Paper 4, Uncertain climate policy decisions and investment timing: Evidence from small hydropower plants, studies when investors in small hydropower plants chose to invest. The analyses disclose whether the net present value approach or the real options method best describe the investment decisions made by the investors. Viewing investment

  20. Social Investment in Times of Crisis

    DEFF Research Database (Denmark)

    Prandini, Riccardo; Orlandini, Matteo; Guerra, Alice

    The purpose of this report is to analyse and understand whether and how, in the last twenty years, the EU member countries have adopted welfare systems which incorporate aspects of social investment. The quantitative and comparative study is focused on social investment strategies across 28...... European member states. The aim is to map out and explore the effectiveness of different social investment strategies. An overview of macro-level welfare performance indicators consist of a review of available macro-indicators to assess welfare performance in the light of social investment decisions....

  1. The return on investment for information technology.

    Science.gov (United States)

    Bergeron, B P; Bergeron, R A

    1998-01-01

    Investment in information technology accounts for an increasingly large component of the cost of modern health care. In most businesses, a quantitative return on investment analysis forms the basis for decisions regarding technology investment. As a whole, the medical community lags behind in the quantitative analysis of the benefits of information technology. However, economic pressures are forcing health care organizations to step back and understand the implications of technology investments and how they can best be applied to create a more productive staff and, in the end, better patient care.

  2. Optimisation of Investment Resources at Small Enterprises

    Directory of Open Access Journals (Sweden)

    Shvets Iryna B.

    2014-03-01

    Full Text Available The goal of the article lies in the study of the process of optimisation of the structure of investment resources, development of criteria and stages of optimisation of volumes of investment resources for small enterprises by types of economic activity. The article characterises the process of transformation of investment resources into assets and liabilities of the balances of small enterprises and conducts calculation of the structure of sources of formation of investment resources in Ukraine at small enterprises by types of economic activity in 2011. On the basis of the conducted analysis of the structure of investment resources of small enterprises the article forms main groups of criteria of optimisation in the context of individual small enterprises by types of economic activity. The article offers an algorithm and step-by-step scheme of optimisation of investment resources at small enterprises in the form of a multi-stage process of management of investment resources in the context of increase of their mobility and rate of transformation of existing resources into investments. The prospect of further studies in this direction is development of a structural and logic scheme of optimisation of volumes of investment resources at small enterprises.

  3. Attraction of Investment in Agriculture of Kazakhstan

    Directory of Open Access Journals (Sweden)

    Dinar Abdrakhmanova

    2014-11-01

    Full Text Available Characteristic for conditions competition increase in the market of the investments, interfaced to world financial crisis, makes superrigid deman ds to investment decisions. In similar conditions the exit on the capital markets is one of the key advantages, providing to the enterprises their further development. Attraction of investments is interfaced to a number of difficulties. In connection with shortage of own means for financing of investment activity of the organizations by the basic source of financing there was an extra financing. Necessity of considerable volume of financial resources on development of investment projects does their attraction by a paramount problem of the enterprises-borrowers. Availability of credit sources of financing is limited both because of the high price of the extra capital, and owing to inability of the enterprises-borrowers to interest potential creditors in realization of investment projects. It causes necessity of an economic justification of efficiency and appeal of investment investments. Only having defined, what concrete parameters the company should possess, and having developed concrete ways and indicators of achievement of these parameters, it is possible in modern conditions effectively to develop business. Such aspiration creates investment appeal and is realized by means of basic tools considered in given work.

  4. Real Time Investments with Adequate Portfolio Theory

    Directory of Open Access Journals (Sweden)

    Alina Kvietkauskienė

    2015-02-01

    Full Text Available The objective of this paper is to identify investment decision makingschemes using the adequate portfolio model. This approach can be employed to project investment in stocks, using the opportunities offered by the markets and investor intelligence. It was decided to use adequate portfolio theory for investment decision making, simulation of financial markets, and optimisation of utility function. The main conclusion of article suggests investigating return on individual portfolio level. Real investment is a way to make sure of the soundness of applicable strategies.

  5. The Performance of Socially Responsible Investments

    Directory of Open Access Journals (Sweden)

    Milica LATINOVIC

    2013-06-01

    Full Text Available The paper aims to annotate how selection of equity securities can be made by incorporating sustainability into analysis, and to present review of performance evidence of such an investment strategy. The  authors  reviewed  the  scholarly  literature  and contemporary research on what constitutes a socially responsible investment, what risks are associated with such an investment, and what evidence of its performance are  in  different  markets.  They  hypothesized  that  socially  responsible  investments underperform non‐socially aware investments. This paper provides review of relevant corporate sustainability indicators used in investment analysis. Also, this paper is trying to present evidence of a link between  corporate  social  responsibility  and  shareholder  value.  Research  of performance of socially responsible investment equity indices and funds; mostly show that they underperform conventional ones. This paper aims to examine existing findings on socially responsible investing, and to propose modification of corporate strategies accordingly. This paper provides various insights into implications when incorporating environment, social responsibility, and corporate governance into investment strategies.

  6. Investments situation in Romania within economic crisis

    Directory of Open Access Journals (Sweden)

    Silviu Lambrache

    2013-09-01

    Full Text Available Investment is seen as an expense that is made by persons in order to obtain goods and services. Achievement of an investment project in the production of goods and services has the effect of increasing and diversifying supply and thus increasing revenue for operators and of employment also. The investment is the operation of change and increase the initial property (building and civil engineering, assembly and installation of industrial equipment.Investment in construction represents all costs that creates new fixed assets, productive or unproductive, which reconstruct, develop or modernize existing fixed funds.

  7. 7 CFR 1415.17 - Cooperative agreements.

    Science.gov (United States)

    2010-01-01

    ... the “right of enforcement” clause to read as set forth in the GRP cooperative agreement. This right is... 7 Agriculture 10 2010-01-01 2010-01-01 false Cooperative agreements. 1415.17 Section 1415.17... Cooperative agreements. (a) NRCS may enter into cooperative agreements which establish terms and...

  8. 75 FR 6397 - Notice of Agreements Filed

    Science.gov (United States)

    2010-02-09

    ....gov . Agreement No.: 011346-019. Title: Israel Trade Conference Agreement. Parties: A.P. Moller-Maersk A/S; Maersk Line Limited; and Zim Integrated Shipping Services, Ltd. Filing Party: Howard A. Levy...: The amendment adds American President Lines, Ltd. as a party to the agreement. Agreement No.:...

  9. 78 FR 33840 - Notice of Agreements Filed

    Science.gov (United States)

    2013-06-05

    ... (202)-523-5793 or tradeanalysis@fmc.gov . Agreement No.: 012037-005. Title: Maersk Line/CMA CGM...-003. Title: The World Liner Data Agreement. Parties: ANL Container Line Pty Ltd.; A.P. Moller-Maersk A.... Agreement No.: 012209. Title: APL/Maersk Line Slot Charter Agreement. Parties: American President Lines,...

  10. 75 FR 82025 - Notice of Agreements Filed

    Science.gov (United States)

    2010-12-29

    ... amendment updates the corporate addresses of APL and Hyundai. Agreement No.: 011928-005. Title: Maersk Line... Line Vessel Sharing Agreement. Parties: Hamburg-Sud and A.P. Moeller-Maersk A/S. Filing Party: Wayne... services under the agreement. Agreement No.: 012057-005. Title: CMA CGM/Maersk Line Space Charter,...

  11. 77 FR 58140 - Notice of Agreements Filed

    Science.gov (United States)

    2012-09-19

    ... Liner Service Ltd. Agreement No.: 012037-004. Title: Maersk Line/CMA CGM TA3 Space Charter Agreement. Parties: A.P. Moeller-Maersk A/S and CMA CGM S.A. Filing Party: Wayne R. Rohde, Esq.; Cozen O'Connor; 1627... amount of space being chartered to CMA CGM by Maersk Line under the agreement. Agreement No.:...

  12. 77 FR 1689 - Notice of Agreements Filed

    Science.gov (United States)

    2012-01-11

    ... Vietnam. Agreement No.: 012151. Title: Maersk Line/MSC WCCA Space Charter Agreement. Parties: A.P. Moller-Maersk A/S and MSC Mediterranean Shipping Company, S.A. Filing Party: Wayne R. Rohde, Esquire; Cozen O... . Agreement No.: 012150. Title: COSCON/POS Space Charter and Sailing Agreement. Parties: COSCO Container...

  13. 77 FR 61751 - Notice of Agreements Filed

    Science.gov (United States)

    2012-10-11

    ... restates the Agreement. Agreement No.: 012184-000. Title: Crowley/Maersk Line Panama-U.S. Space Charter Agreement. Parties: Crowley Latin America Services, LLC and A.P. Moller-Maersk A/S Filing Party: Wayne R... agreement authorizes Crowley to charter space to Maersk Line in the trade from Panama to the U.S....

  14. 25 CFR 163.71 - Agreement funding.

    Science.gov (United States)

    2010-04-01

    ... 25 Indians 1 2010-04-01 2010-04-01 false Agreement funding. 163.71 Section 163.71 Indians BUREAU OF INDIAN AFFAIRS, DEPARTMENT OF THE INTERIOR LAND AND WATER GENERAL FORESTRY REGULATIONS Cooperative Agreements § 163.71 Agreement funding. In cooperative agreements, the Secretary is authorized to advance...

  15. 7 CFR 947.111 - Marketing agreement.

    Science.gov (United States)

    2010-01-01

    ... Definitions § 947.111 Marketing agreement. Marketing agreement means Marketing Agreement No. 114, as amended. ... 7 Agriculture 8 2010-01-01 2010-01-01 false Marketing agreement. 947.111 Section 947.111 Agriculture Regulations of the Department of Agriculture (Continued) AGRICULTURAL MARKETING SERVICE...

  16. 77 FR 27499 - Destra Capital Investments LLC and Destra Unit Investment Trust; Notice of Application

    Science.gov (United States)

    2012-05-10

    ...) riskless trading in investment company securities due to backward pricing, (b) disruption of orderly... securities or shares of registered investment companies which do not satisfy the definition of eligible...

  17. \\t Capital Planning and Investment Control (CPIC) for the Management of Information Technology Investments

    Science.gov (United States)

    Capital Planning and Investment Control (CPIC) is the Information Technology (IT) governance and management methodology in use at EPA for selecting, controlling and evaluating the performance of EPA IT investments throughout the full lifecycle.

  18. Local fiscal distress and investment efficiency of local SOEs

    Institute of Scientific and Technical Information of China (English)

    Xinxin; Liao; Yunguo; Liu

    2014-01-01

    In this paper, we use A-share listed firms between 2002 and 2010 to investigate the relationship between local fiscal distress and the investment efficiency of local SOEs, along with the effect of corporate tax payments on this relationship. We find a positive relationship between the extent of local SOEs’ overinvestment and the fiscal distress of the corresponding local government where the enterprise and this relationship become stronger for firms that pay fewer taxes. The pattern of underinvestment among local SOEs was in contrast,and these relationships do not exist for non-SOEs or central SOEs. Moreover,we find that expanding a firm’s investment scale leads to an increase in total taxes paid, including income and turnover taxes, which further result in more local fiscal revenue. Overall, we conclude that local governments have an incentive to increase fiscal revenue when faced with fiscal distress by raising the investment scale of local SOEs and that the incentives and effects of such interventions appear to be stronger among firms that contribute less to local fiscal revenue.ó 2013 Production and hosting by Elsevier B.V. on behalf of China Journal of Accounting Research. Founded by Sun Yat-sen University and City University of Hong Kong.

  19. Parent-teacher agreement on children's problems in 21 societies.

    Science.gov (United States)

    Rescorla, Leslie A; Bochicchio, Lauren; Achenbach, Thomas M; Ivanova, Masha Y; Almqvist, Fredrik; Begovac, Ivan; Bilenberg, Niels; Bird, Hector; Dobrean, Anca; Erol, Nese; Fombonne, Eric; Fonseca, Antonio; Frigerio, Alessandra; Fung, Daniel S S; Lambert, Michael C; Leung, Patrick W L; Liu, Xianchen; Marković, Ivica; Markovic, Jasminka; Minaei, Asghar; Ooi, Yoon Phaik; Roussos, Alexandra; Rudan, Vlasta; Simsek, Zeynep; van der Ende, Jan; Weintraub, Sheila; Wolanczyk, Tomasz; Woo, Bernardine; Weiss, Bahr; Weisz, John; Zukauskiene, Rita; Verhulst, Frank C

    2014-01-01

    Parent-teacher cross-informant agreement, although usually modest, may provide important clinical information. Using data for 27,962 children from 21 societies, we asked the following: (a) Do parents report more problems than teachers, and does this vary by society, age, gender, or type of problem? (b) Does parent-teacher agreement vary across different problem scales or across societies? (c) How well do parents and teachers in different societies agree on problem item ratings? (d) How much do parent-teacher dyads in different societies vary in within-dyad agreement on problem items? (e) How well do parents and teachers in 21 societies agree on whether the child's problem level exceeds a deviance threshold? We used five methods to test agreement for Child Behavior Checklist (CBCL) and Teacher's Report Form (TRF) ratings. CBCL scores were higher than TRF scores on most scales, but the informant differences varied in magnitude across the societies studied. Cross-informant correlations for problem scale scores varied moderately across societies studied and were significantly higher for Externalizing than Internalizing problems. Parents and teachers tended to rate the same items as low, medium, or high, but within-dyad item agreement varied widely in every society studied. In all societies studied, both parental noncorroboration of teacher-reported deviance and teacher noncorroboration of parent-reported deviance were common. Our findings underscore the importance of obtaining information from parents and teachers when evaluating and treating children, highlight the need to use multiple methods of quantifying cross-informant agreement, and provide comprehensive baselines for patterns of parent-teacher agreement across 21 societies.

  20. Improving America's health care system by investing in information technology.

    Science.gov (United States)

    Coye, Molly Joel; Bernstein, William S

    2003-01-01

    Large-scale investment in health care information technology (IT) infrastructure will not take place without leadership by the federal government. But how the federal government supports the financing of health care IT is critical. Health care IT development has multiple aspects, but it is fundamentally a problem of community infrastructure development. A policy approach that has had consistent success in financing our country's essential physical infrastructure in transportation and environmental protection will be well suited to fostering health care IT infrastructure as well. We propose the creation of a health care IT revolving loan fund program to invest public dollars in health care IT infrastructure projects through community-level nonprofit lending agencies.

  1. 26 CFR 1.58-6 - Regulated investment companies; real estate investment trusts.

    Science.gov (United States)

    2010-04-01

    ... 26 Internal Revenue 1 2010-04-01 2010-04-01 true Regulated investment companies; real estate investment trusts. 1.58-6 Section 1.58-6 Internal Revenue INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY INCOME TAX INCOME TAXES Tax Preference Regulations § 1.58-6 Regulated investment companies;...

  2. 17 CFR 270.17j-1 - Personal investment activities of investment company personnel.

    Science.gov (United States)

    2010-04-01

    ... 17 Commodity and Securities Exchanges 3 2010-04-01 2010-04-01 false Personal investment activities of investment company personnel. 270.17j-1 Section 270.17j-1 Commodity and Securities Exchanges SECURITIES AND EXCHANGE COMMISSION (CONTINUED) RULES AND REGULATIONS, INVESTMENT COMPANY ACT OF 1940 §...

  3. Public Libraries--A Wise Investment: A Return on Investment Study of Colorado Public Libraries

    Science.gov (United States)

    Steffen, Nicolle; Lietzau, Zeth; Lance, Keith Curry; Rybin, Amanda; Molliconi, Carla

    2009-01-01

    Public libraries deliver many benefits to their patrons, but understanding these benefits in terms of dollars-and-cents is difficult. In an effort to quantify the return on investment to taxpayers for monies invested in public libraries, the Library Research Service (LRS) initiated the study, "Public Libraries -- A Wise Investment: A Return on…

  4. 77 FR 20292 - Small Business Investment Companies-Conflicts of Interest and Investment of Idle Funds

    Science.gov (United States)

    2012-04-04

    ... ADMINISTRATION 13 CFR Part 107 RIN 3245-AF56 Small Business Investment Companies--Conflicts of Interest and.... Small Business Administration is revising a rule which prohibits a small business investment company... requirements. Second, it expands the types of investments an SBIC is permitted to make with its ``idle...

  5. AN OPTIMAL INVESTMENT AND INVENTORY POLICY

    NARCIS (Netherlands)

    VANDEWATER, H; VANDERVAART, T

    1991-01-01

    The relation between the optimal production level and the optimal investment in a flexible manufacturing machine will be the subject of this paper. The study concerns the production of N families of products on one production machine. The investment level in a particular production machine is assume

  6. Investment Primer for Green Revolving Funds

    Science.gov (United States)

    Weisbord, Dano

    2012-01-01

    Developing return-oriented green revolving funds (GRFs) is a rapidly growing trend at colleges and universities. A green revolving fund (GRF) is a special account designated for investment in on-campus projects that improve energy efficiency or decrease material use. GRFs invest in a variety of cost-saving initiatives, resulting in significant…

  7. China Curbs the Investment in Copper Smelting

    Institute of Scientific and Technical Information of China (English)

    2006-01-01

    <正>According to a recent document released by the State Development and Reform Commission (SDRC), the investment in copper smelting by China’s enterprises will be put under strict control so as to prevent the blind investment and duplication in copper smelting projects at low technical standard. The document stipulated a series of conditions including equipment, technology, energy consumption and environmental protection.

  8. Overseas Investment,Encouraging Long Jonrney

    Institute of Scientific and Technical Information of China (English)

    Janet Tang

    2011-01-01

    @@ In the context of the financial crisis, international capital flows, cross-border investment, as well as the mergers and acquisitions generally continues shrinking at a large range in 2009, while China's foreign investment and overseas cooperation still maintains a good momentum of development.

  9. Information Technology Investments in Research Libraries.

    Science.gov (United States)

    Rosenblatt, Susan

    1999-01-01

    Examines investments that will ensure that library information technology (IT) meets future academic needs. Looks back on the introduction of IT to research libraries. Assesses outcomes of IT investments in terms of cost and service benefits, and then focuses on developing new service models. (AEF)

  10. Investment under Uncertainty and Financial Crisis

    DEFF Research Database (Denmark)

    Jensen, Camilla

    The objective of the paper is to test the stability hypothesis – that foreign investors are relatively insulated from uncertainty and how it spills over on their investment adjustment cost. The Q model (implying that investments are explained by the fundamental value of the firm) is implemented w...

  11. Haveli Invest pakub vaid majutust / Liina Leiten

    Index Scriptorium Estoniae

    Leiten, Liina

    2003-01-01

    Majutusasutuste TOP 40 1. koht. Metropoli hotelli haldava Haveli Invest OÜ tegevjuht Ruve Rääsk peab ettevõtte iseärasuseks võrreldes teiste majutusasutustega keskendumist majutusteenuse pakkumisele. Ülevaade hotelli kliendigruppidest, klienditeenindusest, asukoha eelistest ja tegevusplaanidest. Diagramm: Tänavu ootab Haveli Invest väiksemat kasumit

  12. China's Investment in Africa's Banking Sector

    Institute of Scientific and Technical Information of China (English)

    Sun Jin

    2010-01-01

    @@ 1 Introduction The global financial crisis, whose effects have been most severe on the world's largest banks, has created a vacuum in banking sector in Africa by stalling investment from the traditional investor. The world's largest banks, brought to their knees by the crisis, and having had to be bailed out, are in no position to continue investing in the banking sector in Africa.

  13. 13 CFR 301.4 - Investment rates.

    Science.gov (United States)

    2010-01-01

    ... Project. (b) Maximum Investment Rate—(1) General rule. Except as otherwise provided by this paragraph (b) or paragraph (c) of this section, the maximum EDA Investment Rate for all Projects shall, after the... needs of the Region in which the Project is located, EDA will prioritize allocations of its...

  14. THEORETICAL APPROACHES DEFINE SENSE OF INVESTMENT PROJECT

    OpenAIRE

    Yu. A. Burduzha

    2010-01-01

    The essence of terms “project”, “investment project” is defined in the article, as well as the difference between definitions of terms “project”, “plan” and “program” is determined. The main approaches to the treatment of definition of term “investment project” are considered.

  15. 75 FR 31383 - Major Capital Investment Projects

    Science.gov (United States)

    2010-06-03

    ... Federal Transit Administration 49 CFR Part 611 RIN 2132-AB02 Major Capital Investment Projects AGENCIES... capital investment projects (``New Starts'' and ``Small Starts'') in support of its funding decisions, and... Federal Transit Administration's (FTA) New Starts and Small Starts project justification criteria....

  16. Linking investment spikes and productivity growth

    NARCIS (Netherlands)

    Geylani, P.C.; Stefanou, S.E.

    2013-01-01

    We investigate the relationship between productivity growth and investment spikes using Census Bureau’s plant-level dataset for the U.S. food manufacturing industry. There are differences in productivity growth and investment spike patterns across different sub-industries and food manufacturing indu

  17. Threshold of Power Investment Still Remains

    Institute of Scientific and Technical Information of China (English)

    Chen Peng; Jin Wen

    2006-01-01

    @@ Being one of the markets most stimulating to investors, the Chinese power market has already shown its investment opportunities that no investor can ignore.But presently, whether experienced power enterprises in market participation or green hands prepared for rushing into the market, they will discover that even under deregulation condition, there are still many inevitable and unsolvable nonmarket problems existing in power investment.

  18. Reaping the Rewards of Foreign Direct Investment

    DEFF Research Database (Denmark)

    Hansen, Michael W.

    After a decade of steadily growing foreign direct investment (FDI) in extractives, Tanzania is now facing a virtual ‘take off ’ in extractive FDI. One of the concerns related to these investments is whether the foreign investors are linking up sufficiently with local firms through localized supply...

  19. Efficiency of Health Investment: Education or Intelligence?

    NARCIS (Netherlands)

    Bijwaard, G.E.; van Kippersluis, H.

    2016-01-01

    In this paper, we hypothesize that education is associated with a higher efficiency of health investment, yet that this efficiency advantage is solely driven by intelligence. We operationalize efficiency of health investment as the probability of dying conditional on a certain hospital diagnosis and

  20. Efficiency of Health Investment: Education or Intelligence?

    NARCIS (Netherlands)

    Bijwaard, G.E.; van Kippersluis, H.

    2015-01-01

    In this paper we hypothesize that education is associated with a higher efficiency of health investment, yet that this efficiency advantage is solely driven by intelligence. We operationalize efficiency of health investment as the probability of dying conditional on a certain hospital diagnosis, and

  1. Efficiency of Health Investment: Education or Intelligence?

    NARCIS (Netherlands)

    G.E. Bijwaard (Govert); J.L.W. Kippersluis, van (Hans)

    2015-01-01

    markdownabstract__Abstract__ In this paper we hypothesize that education is associated with a higher efficiency of health investment, yet that this efficiency advantage is solely driven by intelligence. We operationalize efficiency of health investment as the probability of dying conditional on a c

  2. Offshore Investments by Colleges Draw Scrutiny

    Science.gov (United States)

    Fain, Paul; Wolverton, Brad

    2007-01-01

    Billions of dollars in untaxed, offshore investments by college endowments could be subject to taxation under a proposal being considered by the leaders of the U.S. Senate Finance Committee. The proposed change, which targets hedge funds, a popular investing strategy for many colleges, would affect the largest college endowments, including those…

  3. 75 FR 18407 - Investing in Innovation Fund

    Science.gov (United States)

    2010-04-12

    ... CFR Chapter II RIN 1855-AA06 Investing in Innovation Fund Catalog of Federal Domestic Assistance (CFDA...: Office of Innovation and Improvement, Department of Education. ACTION: Final priorities, requirements..., definitions, and selection criteria (Final Rule) for the Investing in Innovation Fund. This document makes...

  4. 76 FR 32073 - Investing in Innovation Fund

    Science.gov (United States)

    2011-06-03

    ... CFR Chapter II Investing in Innovation Fund AGENCY: Office of Innovation and Improvement, Department...: The Assistant Deputy Secretary for Innovation and Improvement amends the final priorities, requirements, and selection criteria under the Investing in Innovation Fund (i3) program as established in...

  5. 12 CFR 615.5142 - Association investments.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 6 2010-01-01 2010-01-01 false Association investments. 615.5142 Section 615.5142 Banks and Banking FARM CREDIT ADMINISTRATION FARM CREDIT SYSTEM FUNDING AND FISCAL AFFAIRS, LOAN POLICIES AND OPERATIONS, AND FUNDING OPERATIONS Investment Management § 615.5142 Association...

  6. Worker reciprocity and employer investment in training

    NARCIS (Netherlands)

    E. Leuven; H. Oosterbeek; R. Sloof; C. van Klaveren

    2005-01-01

    Standard economic theory predicts that firms will not invest in general training and will underinvest in specific training. Empirical evidence, however, indicates that firms do invest in general training of their workers. Evidence from laboratory experiments points to less underinvestment in specifi

  7. THEORETICAL APPROACHES DEFINE SENSE OF INVESTMENT PROJECT

    Directory of Open Access Journals (Sweden)

    Yu. A. Burduzha

    2010-11-01

    Full Text Available The essence of terms “project”, “investment project” is defined in the article, as well as the difference between definitions of terms “project”, “plan” and “program” is determined. The main approaches to the treatment of definition of term “investment project” are considered.

  8. Guangxi Aluminum Giant Made Investment in Changfeng

    Institute of Scientific and Technical Information of China (English)

    2012-01-01

    <正>A aluminum processing and supporting project (450,000 tons) of Hefei Guangyin Aluminum Company kicked off in Xiatang Town of Changfeng County recently. It is a project jointly invested by Guangxi Investment Group and Guangxi Baise Guangyin Aluminum in Xiatang Town of Changfeng County.

  9. Heavy work investment, personality and organizational climate

    NARCIS (Netherlands)

    Schaufeli, Wilmar B.

    2016-01-01

    Purpose – The purpose of this paper is to assess the relative importance of personality and organizational climate for two forms of heavy work investment; workaholism, a “bad” and work engagement, which represents a “good” kind of heavy work investment. More specifically, it is hypothesized that wor

  10. Grey Model of the Investment Portfolio Optimization

    Institute of Scientific and Technical Information of China (English)

    LI Qun

    2002-01-01

    The theory of investment portfolio is a very important theory in the modern economical system.Based on the feature of the theory, the paper sets up new various kinds of models of investment portfolio,namely grey optimization models. These models are more practical and objective to existing problems.

  11. Public Investment in a Small Open Economy

    NARCIS (Netherlands)

    Heijdra, B.J.; Meijdam, A.C.

    1997-01-01

    We study the effects of public investment in a dynamic overlapping-generations model of a small open economy. Boosting public investment stimulates private capital formation, output, employment, and wages in the long run. The impact effects depend critically on whether public capital is modeled as a

  12. Social investment in the globalising learning economy

    DEFF Research Database (Denmark)

    Lundvall, Bengt-Åke; Lorenz, Edward

    2011-01-01

    This paper demonstrates the importance of social investment and egalitarian distribution policy for reproducing the basis of a learning economy.......This paper demonstrates the importance of social investment and egalitarian distribution policy for reproducing the basis of a learning economy....

  13. 12 CFR 704.5 - Investments.

    Science.gov (United States)

    2010-01-01

    ... policy that is consistent with its other risk management policies, including, but not limited to, those related to credit risk management, asset and liability management, and liquidity management. The policy... liquidity investments in relation to capital. (b) General. All investments must be U.S....

  14. Effects of Deployment Investment on the Growth of the Biofuels Industry. 2016 Update

    Energy Technology Data Exchange (ETDEWEB)

    Vimmerstedt, Laura J. [National Renewable Energy Lab. (NREL), Golden, CO (United States); Warner, Ethan S. [National Renewable Energy Lab. (NREL), Golden, CO (United States); Stright, Dana [National Renewable Energy Lab. (NREL), Golden, CO (United States)

    2016-03-01

    This report updates the 2013 report of the same title. Some text originally published in that report is retained and indicated in gray. In support of the national goals for biofuel use in the United States, numerous technologies have been developed that convert biomass to biofuels. Some of these biomass to biofuel conversion technology pathways are operating at commercial scales, while others are in earlier stages of development. The advancement of a new pathway toward commercialization involves various types of progress, including yield improvements, process engineering, and financial performance. Actions of private investors and public programs can accelerate the demonstration and deployment of new conversion technology pathways. These investors (both private and public) will pursue a range of pilot, demonstration, and pioneer scale biorefinery investments; the most cost-effective set of investments for advancing the maturity of any given biomass to biofuel conversion technology pathway is unknown. In some cases, whether or not the pathway itself will ultimately be technically and financially successful is also unknown. This report presents results from the Biomass Scenario Model--a system dynamics model of the biomass to biofuels system--that estimate effects of investments in biorefineries at different maturity levels and operational scales. The report discusses challenges in estimating effects of such investments and explores the interaction between this deployment investment and a volumetric production incentive. Model results show that investments in demonstration and deployment have a substantial growth impact on the development of the biofuels industry. Results also show that other conditions, such as accompanying incentives, have major impacts on the effectiveness of such investments. Results from the 2013 report are compared to new results. This report does not advocate for or against investments, incentives, or policies, but analyzes simulations of

  15. Small hydro in Ukraine: To invest or not to invest?

    Energy Technology Data Exchange (ETDEWEB)

    Loechen, Liv Arntzen

    2011-07-01

    The vast and unexploited renewable energy potential and the introduction of green tariffs in 2009 have made Ukraine an attractive location for investors within the renewable energy sector. The Green Tariff system offers developers and investors the highest feed-in tariffs in Eastern Europe, and thus far covers alternative energy production from biomass, biogas, wind power plants and hydropower plants. Ukraine has a history in both large- and small hydro production. Whereas the potential of the country's big rivers is now to a great extent exploited, this is not the case for the smaller watercourses. Ukraine is well endowed with small rivers, approximately 60,000 of which can be classified as 'very small'. Most of these are located in the western part of the country, near the Carpathian Mountains. However, despite the natural potential, foreign investors should be aware of the potential risks and hurdles. The country has a huge problem with corruption, and the process of obtaining licenses is not straight forward. On the whole, it can be worthwhile exploring the possibilities of small hydro production in Ukraine for those who can deal with a high level of risk and uncertainty. If not, one would be better advised to look for investment locations elsewhere.(auth)

  16. Testing evolutionary theories of discriminative grandparental investment.

    Science.gov (United States)

    Kaptijn, Ralf; Thomese, Fleur; Liefbroer, Aart C; Silverstein, Merril

    2013-05-01

    This study tests two evolutionary hypotheses on grandparental investments differentiated by the child's sex: the paternity uncertainty hypothesis and the Trivers-Willard hypothesis. Data are from two culturally different countries: the Dutch Longitudinal Aging Study Amsterdam (n=2375) and the Chinese Anhui Survey (n=4026). In the Netherlands, grandparental investments are biased towards daughters' children, which is in accordance with the paternity uncertainty hypothesis. But in China, grandparental investments are biased towards sons' children, which is in conflict with the paternity uncertainty hypothesis. This study found no support for the Trivers-Willard hypothesis. These results raise doubts over the relevance of paternity uncertainty as an explanation of a grandparental investment bias towards daughters' children that is often found in Western populations. The results suggest that discriminative grandparental investments are better understood as the outcome of cultural prescriptions and economic motives.

  17. Does Foreign Aid Increase Foreign Direct Investment?

    DEFF Research Database (Denmark)

    Selaya, Pablo; Sunesen, Eva Rytter

    that the theoretical relationship between foreign aid and FDI is indeterminate. Aid may raise the marginal productivity of capital by financing complementary inputs, such as public infrastructure projects and human capital investment. However, aid may also crowd out productive private investments if it comes......  The notion that foreign aid and foreign direct investment (FDI) are complementary sources of capital is conventional among governments and international cooperation agencies. This paper argues that the notion is incomplete. Within the framework of an open economy Solow model we show...... in the shape of physical capital transfers. We therefore turn to an empirical analysis of the relationship between FDI and disaggregated aid flows. Our results strongly support the hypotheses that aid invested in complementary inputs draws in foreign capital while aid invested in physical capital crowds out...

  18. 17 CFR 270.35d-1 - Investment company names.

    Science.gov (United States)

    2010-04-01

    ... 17 Commodity and Securities Exchanges 3 2010-04-01 2010-04-01 false Investment company names. 270... (CONTINUED) RULES AND REGULATIONS, INVESTMENT COMPANY ACT OF 1940 § 270.35d-1 Investment company names. (a... words “United States” or “U.S. government.” (2) Names suggesting investment in certain investments...

  19. Analysis of stage-investing strategy in equity financing market

    Institute of Scientific and Technical Information of China (English)

    XUN Minghui

    2007-01-01

    Stage-investing strategy is a primary measure to mitigate asymmetric information during equity investment. This paper attempts to investigate the problem faced by equity investors wishing to make optimal investment decision under stage-investing strategy.A serial investment-decision making model will be designed to help investors to take the best choice.

  20. New Coal-Fired Plants Jeopardise Paris Agreement

    Directory of Open Access Journals (Sweden)

    Mikel González-Eguino

    2017-01-01

    Full Text Available Global greenhouse gas emissions need to peak soon and be reduced practically to zero in the second half of this century in order to not exceed the climate targets adopted in the Paris Agreement. However, there are currently numerous coal-fired power stations around the world at different stages of construction and planning that could be completed in the next decade. If all these plants are actually built, their expected future emissions will make it very difficult to reach these targets, even in an optimistic scenario with the deployment of carbon capture and storage technologies. Policy makers around the world need to react quickly and help to redirect investment plans for new coal-fired power stations towards low-carbon technologies.

  1. 32 CFR Appendix A to Part 37 - What Is the Civil-Military Integration Policy That Is the Basis for Technology Investment...

    Science.gov (United States)

    2010-07-01

    ... 32 National Defense 1 2010-07-01 2010-07-01 false What Is the Civil-Military Integration Policy That Is the Basis for Technology Investment Agreements? A Appendix A to Part 37 National Defense Department of Defense OFFICE OF THE SECRETARY OF DEFENSE DoD GRANT AND AGREEMENT REGULATIONS...

  2. 22 CFR 124.1 - Manufacturing license agreements and technical assistance agreements.

    Science.gov (United States)

    2010-04-01

    ... 22 Foreign Relations 1 2010-04-01 2010-04-01 false Manufacturing license agreements and technical... ARMS REGULATIONS AGREEMENTS, OFF-SHORE PROCUREMENT AND OTHER DEFENSE SERVICES § 124.1 Manufacturing... manufacturing license agreements, technical assistance agreements, distribution agreements, or...

  3. Reliability and agreement in student ratings of the class environment.

    Science.gov (United States)

    Nelson, Peter M; Christ, Theodore J

    2016-09-01

    The current study estimated the reliability and agreement of student ratings of the classroom environment obtained using the Responsive Environmental Assessment for Classroom Teaching (REACT; Christ, Nelson, & Demers, 2012; Nelson, Demers, & Christ, 2014). Coefficient alpha, class-level reliability, and class agreement indices were evaluated as each index provides important information for different interpretations and uses of student rating scale data. Data for 84 classes across 29 teachers in a suburban middle school were sampled to derive reliability and agreement indices for the REACT subscales across 4 class sizes: 25, 20, 15, and 10. All participating teachers were White and a larger number of 6th-grade classes were included (42%) relative to 7th- (33%) or 8th- (23%) grade classes. Teachers were responsible for a variety of content areas, including language arts (26%), science (26%), math (20%), social studies (19%), communications (6%), and Spanish (3%). Coefficient alpha estimates were generally high across all subscales and class sizes (α = .70-.95); class-mean estimates were greatly impacted by the number of students sampled from each class, with class-level reliability values generally falling below .70 when class size was reduced from 25 to 20. Further, within-class student agreement varied widely across the REACT subscales (mean agreement = .41-.80). Although coefficient alpha and test-retest reliability are commonly reported in research with student rating scales, class-level reliability and agreement are not. The observed differences across coefficient alpha, class-level reliability, and agreement indices provide evidence for evaluating students' ratings of the class environment according to their intended use (e.g., differentiating between classes, class-level instructional decisions). (PsycINFO Database Record

  4. Mobilising Investment in Energy Efficiency

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2012-07-01

    Taxes, loans and grants, trading schemes and white certificates, public procurement and investment in R&D or infrastructure: known collectively as 'economic instruments', these tools can be powerful means of mobilising the finances needed to achieve policy goals by implementing energy efficiency measures. The role of economic instruments is to kick-start the private financial markets and to motivate private investors to fund EE measures. They should reinforce and promote energy performance regulations. This IEA analysis addresses the fact that, to date, relatively little effort has been directed toward evaluating how well economic instruments work. Using the buildings sector to illustrate how such measures can support energy efficiency, this paper can help policy makers better select and design economic instruments appropriate to their policy objectives and national contexts. This report’s three main aims are to: 1) Examine how economic instruments are currently used in energy efficiency policy; 2) Consider how economic instruments can be more effective and efficient in supporting low-energy buildings; and 3) Assess how economic instruments should be funded, where public outlay is needed. Detailed case studies in this report assess examples of economic instruments for energy efficiency in the buildings sector in Canada (grants), France (tax relief and loans), Germany (loans and grants), Ireland (grants) and Italy (white certificates and tax relief).

  5. Pro-sustainability choices and child deaths averted: from project experience to investment strategy.

    Science.gov (United States)

    Sarriot, Eric G; Swedberg, Eric A; Ricca, James G

    2011-05-01

    The pursuit of the Millennium Development Goals and advancing the 'global health agenda' demand the achievement of health impact at scale through efficient investments. We have previously offered that sustainability-a necessary condition for successful expansion of programmes-can be addressed in practical terms. Based on benchmarks from actual child survival projects, we assess the expected impact of translating pro-sustainability choices into investment strategies. We review the experience of Save the Children US in Guinea in terms of investment, approach to sustainability and impact. It offers three benchmarks for impact: Entry project (21 lives saved of children under age five per US$100 000), Expansion project (37 LS/US$100k), and Continuation project (100 LS/US$100k). Extrapolating this experience, we model the impact of a traditional investment scenario against a pro-sustainability scenario and compare the deaths averted per dollar spent over five project cycles. The impact per dollar spent on a pro-sustainability strategy is 3.4 times that of a traditional one over the long run (range from 2.2 to 5.7 times in a sensitivity analysis). This large efficiency differential between two investment approaches offers a testable hypothesis for large-scale/long-term studies. The 'bang for the buck' of health programmes could be greatly increased by following a pro-sustainability investment strategy.

  6. 76 FR 72408 - Notice of Agreements Filed

    Science.gov (United States)

    2011-11-23

    ....S. East coast. Agreement No.: 012146. Title: HLAG/HSDG USWC-Mediterranean Vessel Sharing Agreement..., Morocco, Panama, Colombia, the Dominican Republic, Canada, and Mexico. By Order of the Federal...

  7. 75 FR 37805 - Notice of Agreements Filed

    Science.gov (United States)

    2010-06-30

    ....gov . Agreement No.: 012032-005. Title: CMA CGM/MSC/Maersk Line North and Central China-US Pacific Coast Two-Loop Space Charter, Sailing and Cooperative Working Agreement. Parties: A.P. Moller-Maersk...

  8. 78 FR 57390 - Notice of Agreements Filed

    Science.gov (United States)

    2013-09-18

    ...; Washington, DC 20006-4007. Synopsis: The amendment deletes A.P. Moller Maersk A/S trading under the name of Maersk Line as a party to the agreement. Agreement No.: 201157-003. Title: USMX-ILA Master...

  9. 76 FR 12962 - Notice of Agreements Filed

    Science.gov (United States)

    2011-03-09

    ... trade. Agreement No.: 012032-007. Title: CMA CGM/MSC/Maersk Line North and Central China-US Pacific Coast Two-Loop Space Charter, Sailing and Cooperative Working Agreement. Parties: A.P. Moller-Maersk...

  10. Energy efficiency in energy-intensive industries - an evaluation of the Swedish voluntary agreement PFE

    OpenAIRE

    Stenqvist, Christian; Nilsson, Lars J.

    2012-01-01

    In this paper we evaluate the Swedish Programme for improving energy efficiency in energy-intensive industries (PFE). Since 2005, some 100 energy-intensive companies have entered this five year voluntary agreement (VA) and been exempted from the EU minimum tax on electricity. In return, each company is required to: conduct an energy audit and analysis; identify and invest in profitable electricity saving measures; implement and certify an energy management system; introduce routines for energ...

  11. China Metallurgical Group and Jiangxi Copper Having Signed Agreement on Copper Mines with Afghanistan

    Institute of Scientific and Technical Information of China (English)

    2008-01-01

    <正>On May 25,the joint investment combo formed by China Metallurgical Group Corp.(MCC) and Jiangxi Copper Co.has formally signed agreement with Afghan government in Kabul on the exploitation of Aynak copper mine.The mine is situated in the north of Loghar in the middle east of Afghanistan,which is about 35km from the Capital City of Kabul.The ex- tra-large copper mine was found at the begin-

  12. TRIPs Agreement, Important Multilateral WTO Treaty

    Directory of Open Access Journals (Sweden)

    Oana-Maria Florescu

    2006-08-01

    Full Text Available This article aims at presenting the content and the frame of the TRIPs. Agreement. It starts by introducing the reader to the terms that defined the world economical climate by the time of the Agreement negociation. Also, it explains the need of having an Agreement on intellectual property rights with impact on the business world. Moreover, the article reviews the main provisions of the Agreement and the most important intellectual property rights.

  13. Multilateral development banks and socially responsible investments--the case of tobacco.

    Science.gov (United States)

    Lal, Pranay

    2012-12-01

    Globally, tobacco kills more people than HIV-related conditions or AIDS, tuberculosis and malaria combined. In 1991, The World Bank, the world's largest lender, pledged that it would no longer support tobacco-related projects. It was expected that other financial investors would follow, but most did not respond to this call. As a result, several financial institutions continue to invest in tobacco and fuel an epidemic to an unprecedented scale. Using tobacco as a case in point, this review highlights the continuing investments among financial institutions which do not conform to 'socially responsible investments' and calls for monitoring and reporting such unethical practices. The paper also underscores the need to harmonise the numerous criteria, principles and voluntary codes that govern socially responsible investing and ensure that financial institutions comply with them.

  14. Valuating the Investment Efficiency of Distribution Companies

    Directory of Open Access Journals (Sweden)

    M. Karajica

    2007-01-01

    Full Text Available The task of this study is to valuate the investment efficiency of distribution companies. Although a series of publications and studies has been dedicated to this topic, it is difficult to find a general consensus in defining the investment efficiency of a company. Nevertheless if we simplify an imaginary  company as a production unit in which a series of actions transforms inputs to outputs, efficiency can be understood as like an effort to achieve maximum value of the outputs together with minimum usage of inputs, where the inputs constitute investments by a company. The investment efficiency of a company can be measured by expressing the absolute values of selected inputs and outputs, a relative expression of inputs and outputs, and perhaps an expression of the difference between them. However, an examination of the efficiency of a certain company is impossible without a valuation of other companies. In view of the amount of benchmarking, it should be emphasized, that this study is dedicated to a certain category of benchmarking, which we may term investment benchmarking. This benchmarking can be defined as a comparison of companies in terms investment efficiency. The purpose of this comparison is not only to investigate levels of investment efficiency and to relate them to other companies from the same branch, but also to locate the greatest efficiency and indicate potential improvement. 

  15. Managerial Stock Compensation and Risky Investment

    Directory of Open Access Journals (Sweden)

    Raluca Georgiana Nastasescu

    2009-06-01

    Full Text Available This study analyzes the relationship between the mix of CEO equity-based compensation, namely stock options and restricted stock, and firms' risky investment. In general, the theory suggests that long-term compensation aligns CEOs' and shareholders' interests by inducing the managers to undertake risky investment, which has a positive impact on longterm well-being of the firm. However, as my results show, it is important to distinguish between types of awards since they can have different effects on the riskiness of the firm. In this respect, I answer the question how are different types of stock based compensation related to the executives' determination to increase or not the intensity of the firm's risky investment? I find that awarding the CEOs preponderantly with stock options positively affects the firm's level of R&D investment. Conversely, a higher proportion of restricted stock in the CEO's compensation is related to lower investment in (risky R&D. The inverse relation of causality also holds. Firms that make intensive R&D investments are more likely to award their CEOs with more stock options relative to restricted stock. Overall, the results are consistent with the theoretical prediction, in that the managerial compensation scheme plays an important role in determining the level of R&D investment.

  16. Ecosystem services in urban water investment.

    Science.gov (United States)

    Kandulu, John M; Connor, Jeffery D; MacDonald, Darla Hatton

    2014-12-01

    Increasingly, water agencies and utilities have an obligation to consider the broad environmental impacts associated with investments. To aid in understanding water cycle interdependencies when making urban water supply investment decisions, an ecosystem services typology was augmented with the concept of integrated water resources management. This framework is applied to stormwater harvesting in a case study catchment in Adelaide, South Australia. Results show that this methodological framework can effectively facilitate systematic consideration and quantitative assessment of broad environmental impacts of water supply investments. Five ecosystem service impacts were quantified including provision of 1) urban recreational amenity, 2) regulation of coastal water quality, 3) salinity, 4) greenhouse gas emissions, and 5) support of estuarine habitats. This study shows that ignoring broad environmental impacts can underestimate ecosystem service benefits of water supply investments by a value of up to A$1.36/kL, or three times the cost of operating and maintenance of stormwater harvesting. Rigorous assessment of the public welfare impacts of water infrastructure investments is required to guide long-term optimal water supply investment decisions. Numerous challenges remain in the quantification of broad environmental impacts of a water supply investment including a lack of peer-reviewed studies of environmental impacts, aggregation of incommensurable impacts, potential for double-counting errors, uncertainties in available impact estimates, and how to determine the most suitable quantification technique.

  17. 31 CFR 203.20 - Investment account requirements.

    Science.gov (United States)

    2010-07-01

    ... direct investments, SDIs, term investments, or other investment programs. (c) Withdrawals. The amount of... balance limit. (3) SDIs. SDIs are credited to the SDI account balance and are not considered in...

  18. 47 CFR 27.602 - Lease agreements.

    Science.gov (United States)

    2010-10-01

    ... 47 Telecommunication 2 2010-10-01 2010-10-01 false Lease agreements. 27.602 Section 27.602... Lease agreements. Guard Band licensees may enter into spectrum leasing arrangements under part 1... following conditions: (a) The spectrum lease agreement between the licensee and the spectrum lessee...

  19. 77 FR 38288 - Notice of Agreement Filed

    Science.gov (United States)

    2012-06-27

    ... . Agreement No.: 012177. Title: MSC/Maersk Line U.S.-Panama Space Charter Agreement. Parties: Mediterranean Shipping Company S.A. and A.P. Moller-Maersk A/S, trading under the name Maersk Line. Filing Party: Wayne R... agreement authorizes MSC to charter space to Maersk Line in the trade between ports in Panama and ports...

  20. 75 FR 3466 - Notice of Agreement Filed

    Science.gov (United States)

    2010-01-21

    ... . Agreement No.: 012048-001. Title: The Container Trades Statistics Agreement. Parties: A.P. Moeller-Maersk A/S; China Shipping Container Lines Co., Ltd.; COSCO Container Lines Company Ltd.; CMA CGM S.A.; Compania Sudamericana de Vapores S.A.; Evergreen Line Joint Service Agreement; Hamburg Sud KG;...

  1. 76 FR 22104 - Notice of Agreements Filed

    Science.gov (United States)

    2011-04-20

    .... Title: Hamburg Sud/Maersk Line Vessel Sharing Agreement. Parties: Hamburg-Sud and A.P. Moeller-Maersk A... 20006. Synopsis: The amendment would revise the amount of capacity provided by Maersk Line and revise... Agreement. Parties: A.P. Moller-Maersk A/S and Evergreen Line Joint Service Agreement. Filing Parties:...

  2. 76 FR 66304 - Notice of Agreements Filed

    Science.gov (United States)

    2011-10-26

    ....gov . Agreement No.: 012032-008. Title: CMA CGM/MSC/Maersk Line North and Central China-U.S. Pacific Coast Two-Loop Space Charter, Sailing and Cooperative Working Agreement. Parties: A.P. Moller-Maersk A/S... further slot exchange between Maersk Line and MSC with corresponding changes in the Agreement and...

  3. 75 FR 71704 - Notice of Agreements Filed

    Science.gov (United States)

    2010-11-24

    ....gov . Agreement No.: 012032-006. Title: CMA CGM/MSC/Maersk Line North and Central China-US Pacific Coast Two-Loop Space Charter, Sailing and Cooperative Working Agreement. Parties: A.P. Moller-Maersk A/S...: The World Liner Data Agreement. Parties: ANL Container Line Pty Ltd.; A.P. Moller-Maersk A/S; CMA...

  4. 76 FR 28778 - Notice of Agreements Filed

    Science.gov (United States)

    2011-05-18

    ... the parties' U.S. East Coast services from the agreement. Agreement No.: 012126. Title: Maersk Line...: The agreement authorizes Maersk Line to charter space to Dole in the trades between the U.S. Gulf...-Maersk A/S; CMA CGM S.A.; Hamburg-Sud; and Hapag-Lloyd AG. Filing Party: Wayne R. Rohde, Esq.; Cozen...

  5. 76 FR 44914 - Notice of Agreement Filed

    Science.gov (United States)

    2011-07-27

    ... at (202)-523-5793 or tradeanalysis@fmc.gov . Agreement No.: 012134. Title: Maersk Line/MSC Panama Space Charter Agreement. Parties: A.P. Moller-Maersk A/S and Mediterranean Shipping Company S.A. Filing.... Synopsis: The agreement authorizes MSC to charter space to Maersk Line in the trade from Panama to...

  6. 78 FR 55697 - Notice of Agreements Filed

    Science.gov (United States)

    2013-09-11

    ...; Hyundai Merchant Marine (America), Inc.; ``K'' Line America; Maersk Agency USA, Inc.; Mediterranean... Amendment removes Maersk as a party to the Agreement. Agreement No.: 012223. Title: Assessment Agreement of Carrier Members of United States Maritime Alliance, Ltd. Parties: APL, Ltd.; Atlantic Container...

  7. 78 FR 21364 - Notice of Agreements Filed

    Science.gov (United States)

    2013-04-10

    ....gov . Agreement No.: 012057-009. Title: CMA CGM/Maersk Line Space Charter, Sailing and Cooperative Working Agreement Asia to USEC and PNW-Suez/PNW & Panama Loops. Parties: A.P. Moller-Maersk A/S and CMA.... Parties: Evergreen Line Joint Service Agreement; Hanjin Shipping Co., Ltd; Nippon Yusen Kaisha; and...

  8. 7 CFR 900.109 - Mediation agreement.

    Science.gov (United States)

    2010-01-01

    ... 7 Agriculture 8 2010-01-01 2010-01-01 false Mediation agreement. 900.109 Section 900.109 Agriculture Regulations of the Department of Agriculture (Continued) AGRICULTURAL MARKETING SERVICE (Marketing... Mediation agreement. An agreement arrived at by mediation shall not become effective until approved by...

  9. 7 CFR 966.111 - Marketing Agreement.

    Science.gov (United States)

    2010-01-01

    ... and Regulations Definitions § 966.111 Marketing Agreement. Marketing Agreement means Marketing... 7 Agriculture 8 2010-01-01 2010-01-01 false Marketing Agreement. 966.111 Section 966.111 Agriculture Regulations of the Department of Agriculture (Continued) AGRICULTURAL MARKETING SERVICE...

  10. 7 CFR 946.101 - Marketing agreement.

    Science.gov (United States)

    2010-01-01

    ... WASHINGTON Rules and Regulations Definitions § 946.101 Marketing agreement. Marketing agreement means... 7 Agriculture 8 2010-01-01 2010-01-01 false Marketing agreement. 946.101 Section 946.101 Agriculture Regulations of the Department of Agriculture (Continued) AGRICULTURAL MARKETING SERVICE...

  11. 7 CFR 917.101 - Marketing agreement.

    Science.gov (United States)

    2010-01-01

    ... CALIFORNIA Rules and Regulations Definitions § 917.101 Marketing agreement. Marketing agreement means... 7 Agriculture 8 2010-01-01 2010-01-01 false Marketing agreement. 917.101 Section 917.101 Agriculture Regulations of the Department of Agriculture (Continued) AGRICULTURAL MARKETING SERVICE...

  12. 77 FR 58592 - Modified Norway Post Agreement

    Science.gov (United States)

    2012-09-21

    ... Modified Norway Post Agreement AGENCY: Postal Regulatory Commission. ACTION: Notice. SUMMARY: The Commission is noticing a recently-filed Postal Service request to include a modified Norway Post Agreement... existing bilateral agreement for inbound competitive services with Posten Norge AS (Modified Norway...

  13. Capitals Cost and the Investments Actualisation Rate

    Directory of Open Access Journals (Sweden)

    Ion Stancu

    2006-04-01

    Full Text Available In this article, the author has assumed himself an assignment somehow ostentatious but useful, we believe, naming the one to illustrate by means of figures, the influence of both leverage and economic growth over the cost of capital, cost which will be used in capital budgeting. This synthesis is meant to be a forthcoming approach to a later investigation of the problems raised by the estimation of the cost of capital in the specific conditions of both the financial market in Romania and the quality of the economic-financial information, information available for this estimation. The discount rate for an investment project (kinv with a risk equal to the risk undertaken by the enterprise and financed within the firm’s capital structure itself (having the same leverage is equal to the (weighted average cost of capital in the respective risk class (k. Under these circumstances, it is interesting to find out this opportunity cost of capital invested in a medium-sized enterprise: a with investments in rebuilding the productive capacity, all equity financed; b with investments in rebuilding the productive capacity, financed both by equity and debt; c with new investments, all equity financed; d with new investments, financed both by equity and debt. Under these conditions, we estimate the effect of both the leverage and economic growth over the cost of capital (kec and kc to be able to determine in the end the discount rate of the analyzed investment (kinv: for enterprises with only maintaining investments (g = 0, unlevered (U and levered (L; for enterprises with growing investments (g > 0, unlevered (U and levered (L.

  14. Examination of the Basement of Historic Buildings in Investment Activity

    Directory of Open Access Journals (Sweden)

    Ulybin Aleksey

    2016-01-01

    Full Text Available The process and methodology of the survey of basements rarely mentioned in the various construction rules and regulations. Basically describes the procedure of conducting a detailed survey of some of the individual elements. These surveys are fundamental in nature, include a large number of estimates and require significant financial and time costs. Usually the purpose of these surveys is to check the state of the building as a whole, it’s safe operation or before starting of reconstruction. In the process of selecting areas of investment activity such large-scale survey is not possible. Needed a quick and inexpensive method intended for decision about investment in a particular object. At the same time, the survey should cover all the elements of the basement significantly affect the cost of reconstruction of the basement associated with his penetration. The article presents the general conception of conducting a rapid survey. The described methods and technologies applicable to the examination for the purpose of making decisions about investments in reconstruction of a basement level rooms. The composition of the works and their sequence. A comparison of the advantages and disadvantages of different methods. The practical examples. Scheme of conducting a rapid survey of the basement. The article analyzes the materials used in the construction of historic buildings in St. Petersburg.

  15. Investment Capital Flows, Mexican Economics and Electronic Loan Exchange Project

    Directory of Open Access Journals (Sweden)

    Tomas Hes

    2007-04-01

    Full Text Available Private capital flows to emerging markets continue at high levels, but concerns are growing about their sustainability. Direct equity investment slows down, as well as lending by bond investors and private creditors. The potentially global impact of a US economy slowdown, global financial imbalances and geopolitical tensions present motives for cautiousness. Situation in Mexico, the world’s ninth largest economy, seems favorable, but confirms written above. Mexico’s FDI rises, but slow down is expected: and with more than 40% of the population living below official poverty line, the inequality continues rampant. Fortunately, there are innovations unseen ever before promising ways how to tackle the lack of investment. Electronic Loan Exchange Network, ELEN Project in development between group of Czech elite bankers, IT specialists and FIPS, prime Mexican microfinance institution. Goal of this ambitious endeavor is to enable tens of millions of small European and US investors to lend for attractive interest rate to poor micro-borrowers in marginalized regions on a massive scale, thus creating an alternative for savings accounts and stock market investments.

  16. Prioritizing land and sea conservation investments to protect coral reefs.

    Directory of Open Access Journals (Sweden)

    Carissa J Klein

    Full Text Available BACKGROUND: Coral reefs have exceptional biodiversity, support the livelihoods of millions of people, and are threatened by multiple human activities on land (e.g. farming and in the sea (e.g. overfishing. Most conservation efforts occur at local scales and, when effective, can increase the resilience of coral reefs to global threats such as climate change (e.g. warming water and ocean acidification. Limited resources for conservation require that we efficiently prioritize where and how to best sustain coral reef ecosystems. METHODOLOGY/PRINCIPAL FINDINGS: Here we develop the first prioritization approach that can guide regional-scale conservation investments in land- and sea-based conservation actions that cost-effectively mitigate threats to coral reefs, and apply it to the Coral Triangle, an area of significant global attention and funding. Using information on threats to marine ecosystems, effectiveness of management actions at abating threats, and the management and opportunity costs of actions, we calculate the rate of return on investment in two conservation actions in sixteen ecoregions. We discover that marine conservation almost always trumps terrestrial conservation within any ecoregion, but terrestrial conservation in one ecoregion can be a better investment than marine conservation in another. We show how these results could be used to allocate a limited budget for conservation and compare them to priorities based on individual criteria. CONCLUSIONS/SIGNIFICANCE: Previous prioritization approaches do not consider both land and sea-based threats or the socioeconomic costs of conserving coral reefs. A simple and transparent approach like ours is essential to support effective coral reef conservation decisions in a large and diverse region like the Coral Triangle, but can be applied at any scale and to other marine ecosystems.

  17. The Influence of Community Management Agreements on Household Economic Strategies : Cattle Grazing and Fishing Agreements on the Lower Amazon Floodplain

    Directory of Open Access Journals (Sweden)

    David G. McGrath

    2007-10-01

    Full Text Available While the organizational dynamics of collective management systems have received much attention, relatively little work has focused on how households adapt their economic strategies in response to collective management regulations that impose constraints on the range of options available to households. In this paper we investigate the evolving interaction between household management strategies and collective management regulations for one or both of two ecologically interdependent floodplain resources, lake fisheries and seasonally inundated grasslands. Smallholder management strategies involve varying combinations of three main activities each associated with one of three main floodplain habitats: annual cropping on river levees, cattle ranching on natural grasslands and fishing in lakes. These three activities play complementary roles in the household economy. Annual cropping is both subsistence and market oriented, with cash from crop sales often invested in purchase of cattle. Fishing, in addition to providing animal protein, generates income for household purchases while crops are growing. Cattle ranching is the main savings strategy for smalholders, providing funds for family emergencies and capital investments. Despite the fertility of soils and the higher productivity per hectare of fishing, cattle ranching has expanded steadily on the floodplain at the expense of farming and fishing. Over the last two decades, communities throughout the Amazon floodplain have developed and implemented collective agreements to regulate access to and use of local lake fisheries. Depending on the measures included, the impact of these agreements on household management strategies can range from negligible to highly significant, requiring major adjustments to compensate for reduced fishing income. Expansion of smallholder cattle ranching has taken advantage of unregulated access to community grasslands. Unregulated access to community grasslands has been a

  18. Japanese Enterprises' Investment in China's Software Industry

    Institute of Scientific and Technical Information of China (English)

    Changhong Pei; Linbo Jing

    2006-01-01

    The present paper introduces the overall situation of investment in China by Japanese enterprises. It focuses on the cooperation between Chinese and Japanese enterprises in the software industry. It gives a detailed account of strategic investment by Japanese enterprises,their joint-venture projects with Chinese investors and establishment of R&D centers and laboratories in China's software industry, and it analyzes the problems and prospects of Japanese investment in China's software industry. The paper suggests that it is of vital to maintain friendly Sino-Japanese relations, to strengthen bilateral economic cooperation and to enhance mutual political confidence.

  19. Investment Problems of China Rural Human Capital

    Institute of Scientific and Technical Information of China (English)

    ZHANG Junxia; YU Jialin; CHEN Ying

    2011-01-01

    The rural human capital refers to the condensation of the physical body, knowledge, skills, and all the abilities that can improve the capacity of the rural labor productivity. The ability is a form of human capital stock and it plays an important role in China's development of rural economy and society, but at present the situation of investment in human capital in rural areas is not optimistic. A lot of problems need to be solved such as the inadequate total investment and the irrational structure, as to these issues, strategies and recommendations were proposed in order to strengthen the human capital investment.

  20. Optimal Deterministic Investment Strategies for Insurers

    Directory of Open Access Journals (Sweden)

    Ulrich Rieder

    2013-11-01

    Full Text Available We consider an insurance company whose risk reserve is given by a Brownian motion with drift and which is able to invest the money into a Black–Scholes financial market. As optimization criteria, we treat mean-variance problems, problems with other risk measures, exponential utility and the probability of ruin. Following recent research, we assume that investment strategies have to be deterministic. This leads to deterministic control problems, which are quite easy to solve. Moreover, it turns out that there are some interesting links between the optimal investment strategies of these problems. Finally, we also show that this approach works in the Lévy process framework.

  1. Sunk cost investments and market information

    DEFF Research Database (Denmark)

    Sørensen, Hans Eibe; Stieglitz, Nils

    2008-01-01

    This paper extends the strategic management literature on how firms' sunk cost investments and market orientation mutually shapes firm performance. Using data from 314 manufacturing firms, we decompose firms' sunk cost investments into industry-specific resources and firm-specific resources...... and investigate their effect on firm performance. Our results suggest that the salient components of a firm's market orientation - i.e. customer orientation and competitor orientation - have different effects on firms' performance as well as moderate the relationship between a firm's sunk cost investments and its...... performance. In particular, we find that a firm's customer orientation positively influence the effect of industry-specific resources on return on assets....

  2. Foreign direct investment in the Polish economy

    Directory of Open Access Journals (Sweden)

    Tomasz Gutowski

    2013-06-01

    Full Text Available Foreign Direct Investment (FDI plays an extraordinary and increasingly important role in global and local business. This type of investment gives the country a better position to prepare for rapidly changing economic conditions. Considering the external effects of FDI, it should be assumed that the most important one is coinvolvement in the development of a country in which they are located. In the Polish economy the value of foreign direct investment is very high and it is one of the most important causes of the economic growth.

  3. OPTIMAL INVESTMENT WITH NOISE TRADING RISK

    Institute of Scientific and Technical Information of China (English)

    2008-01-01

    This paper investigates the optimal dynamic investment for an investor who maximizes constant absolute risk aversion(CARA)utility in a discrete-time market with a riskfree bond and a risky stock.The risky stock is assumed to present both the dividend risk and the price risk.With our assumptions,the dividend risk is equivalent to fundamental risk,and the price risk is equivalent to the noise trading risk.The analytical expression for the optimal investment strategy is obtained by dynamic programming.The main result in this paper highlights the importance of differentiating between noise trading risk and fundamental risk for the optimal dynamic investment.

  4. Empirical comparison between three channels of investment

    Energy Technology Data Exchange (ETDEWEB)

    Yousry, S.

    1981-07-01

    Four tables illustrate three dollar investment tools and compare the rate of return on a US dollar in order to determine which is the preferred investment for OPEC surplus funds. A low rate of return indicates that it is more logical to plan oil production and pace it to meet present and future development needs rather than convert a valued resource to paper assets. The stored value of special drawing rights (SDRs) is a more-stable instrument against national currencies than dollar investments. International challenges to SDRs may preclude this, however. (DCK)

  5. FUNDS INVESTMENT STRATEGIES ON CAPITAL MARKETS FROM EASTERN EUROPE

    Directory of Open Access Journals (Sweden)

    REGEP HORAŢIU DAN

    2015-04-01

    Full Text Available The purpose of this paper is the understanding of how to establish investment strategies of investment funds depending on the area, sector of investment, and time horizon, and the management involvement in investment decisions making. There have been considered funds from Trustnet, investing in Eastern Europe. For each investment fund, the sector and also a set of indicators to measure performance and risks have been analyzed: dynamics, beta, alpha, Sharpe ratio, info ratio and R-Squared.

  6. 基于实物期权方法的新兴技术项目投资时机和投资规模选择%Analysis firm's optimal investing time and scale of emerging technology based on the real option approach

    Institute of Scientific and Technical Information of China (English)

    鲁皓; 张宗益

    2012-01-01

    以新兴技术项目投资为背景,修改了实物期权理论中投资机会永生和资产价格随机游走的假设,建立了新兴技术项目的实物期权定价模型,给出了新兴技术项目最佳投资时机和投资规模的表达式,并以此为基础进一步探讨了风险和投资时限对投资时机和投资规模的影响规律,最后通过数值算例验证了结论并指出了影响程度的变动规律.研究结果表明:对投资有时限的新兴技术项目来说,风险的增加会导致投资时机呈现出先提前再延迟的趋势、投资规模呈现出先递减再递增的趋势;投资时限的增加会导致投资时机提前,但对投资规模并无影响.%This paper relaxes the assumptions of infinitely expiration of investing options and random walk of prices in standard real option based on the analysis of emerging technology investment projects. A real option model has been established to value the emerging technology project, and the optimal investing time and the optimal capacity have been provided to discuss the effect of risk and expiration. Using a numerical example, the conclusions are validated and an analysis about degree of influence is presented. The results show that: to the emerging technology project which has finitely expiration, for low levels of risk an increase in risk accelerate the investment time and decrease the capacity of investment, while for high levels of risk an increase in risk delay the investment time and increase the capacity of investment. In addition, an increase in the expiration time can accelerate the investment time, while has no effect on the capacity of investment.

  7. 2006 Major Projects Investment Consultation and Talks, Nanjing, China

    Institute of Scientific and Technical Information of China (English)

    2006-01-01

    (project investment invitation) Infrastructure Construction Projects 1 .Nanjing Ring Expressway (southeast part), undertaken by Nanjing Expressway Development (Group) Co. Ltd. with a total investment of 4480 million yuan

  8. COGNITION ON WORK OF INVESTMENT PROMOTION

    Institute of Scientific and Technical Information of China (English)

    王孝华

    2009-01-01

    @@ FIRST CHAPTER As I was working as an investment promotion director for many years in an investment promotion board and an administrative committee of APEC Science and Technology Industrial Zone,Mong with my colleagues,we have developed over 150 joint ventures and WOFEs(wholly Owned Foreign Enterprises).As a result,I am well awflYe of the key issues that foreign Investors need,wish,like and also what they dislike as well,along with the reasons,rationale and the principle guiding them.I'd like to present my cognitions on work of investment promotion through summarizing my working experience and study recognition for these years,and hopefully to create a guide for how to make well-done on investment promotion job on which every regional govemment puts more attention and emphasis for it could assist and accelerate its local economy.

  9. 76 FR 27959 - Investment Adviser Performance Compensation

    Science.gov (United States)

    2011-05-13

    ... primarily used for macroeconomic analysis and forecasting). See also Federal Reserve Board, Monetary Policy... Director, at 202-551-6792, Office of Regulatory Policy, Division of Investment Management, Securities...

  10. From Copper Island to investment Haven

    Institute of Scientific and Technical Information of China (English)

    2007-01-01

    Marios leronymides,the newly appointed Cypriot Ambassador to China,recently spoke to Beijing Review reporter Yan Wei about China-Cyprus relations and his country’s aspirations to become a major investment destination.

  11. Investment decisions with benefits of control

    DEFF Research Database (Denmark)

    Poulsen, Thomas

    that underinvestment is aggravated when there are benefits of being in control, and these benefits are diluted if equity is issued to finance the investment project. I assume that large shareholders are constrained from further investments in their firms, and that they maximize their own wealth, which includes......This paper studies how large shareholders with benefits of control affect firms' equity issue behavior and investment decisions. I introduce an explicit agency cost structure based on the large shareholder's benefits of control. In a simple extension of Myers and Majluf [1984], I show...... as a representation of the large shareholders' expected private benefits. Using a large panel of U.S. data, I find that large shareholders' concern with dilution of ownership and control cause firms to issue less equity and to invest less. I also find that it has no significant effect whether new shares are issued...

  12. INVESTMENTS VALUES AND EU FOUNDED PROJECTS

    Directory of Open Access Journals (Sweden)

    Salanta Irina Iulia

    2012-12-01

    Full Text Available Being value based is one of the principles project management has to respect in order to be sustainable. Values are guidelines for human behavior that are shared by a large group of individuals. As projects can be differentiated from investments, also projects’ values can be differentiated from investments’ values. Connecting projects with investments’ values contributes to projects’ success, to a sustainable project management process and to a sustainable investment. The article explains the differences between investments and projects and presents how the investment’s values can be related to the project. The topic is applicable when dealing with projects in general and can have benefic effects on investments initialized through projects financed by the European Union.

  13. Factor investing based on Musharakah principle

    Science.gov (United States)

    Simon, Shahril; Omar, Mohd; Lazam, Norazliani Md; Amin, Mohd Nazrul Mohd

    2015-10-01

    Shariah stock investing has become a widely discussed topic in financial industry as part of today's investment strategy. The strategy primarily applies market capitalization allocations. However, some researchers have argued that market capitalization weighting is inherently flawed and have advocated replacing market capitalization allocations with factor allocations. In this paper, we discuss the rationale for factor investing based on Musharakah principle. The essential elements or factors of Musharakah principle such as business sector, management capability, profitability growth and capital efficiency are embedded in the Shariah-compliant stock. We then transform these factors into indexation for better analysis and performance measurement. Investment universe for this research covers Malaysian stocks for the period of January 2009 to December 2013. We found out that these factor indexes have historically earned excess returns over market capitalization weighted indexes and experienced higher Sharpe Ratios.

  14. A Conceptualized Investment Model of Crowdfunding

    DEFF Research Database (Denmark)

    Tomczak, A.; Brem, Alexander

    2013-01-01

    Crowdfunding is growing in popularity as a new form of both investment opportunity and source of venture capital. This article takes a view on whether crowdfunding is a replacement or an addition to traditional seed capital sources in the early stages of a new venture. With access to angel...... investment decreasing since the financial crisis of 2008, crowdfunding is of great importance to start-ups seeking starting capital. However, little effort has been made to define the investment model of crowdfunding with both crowdfunder and crowdfundee in mind. Drawing on an in-depth review of current...... literature on crowdfunding, this article creates an investment model of crowdfunding with various reward models available to investor and investee in mind. This article provides an extensive survey of the environment of crowdfunding based on current literature. It offers a jumping off point and a thorough...

  15. Invest in Textile in Western China?

    Institute of Scientific and Technical Information of China (English)

    2009-01-01

    @@ The thirteenth Investment & Trade Forum for co-operation between East & West China was held in Xi'an,Shaanxi Province in April,2009.Under the upsurge of Western China Development,Shaanxi enjoys countless business opportunities and broad investment space. To better provide convenience for home & abroad investors,260 projects with a total investment of RMB 131.1 billion were brought to the forum,involving 10 categories.These projects,meeting national industrial policy and closely linked with advantages of resource and industry of Shaanxi province,promise a bright market prospects.China's Foreign Trade this issue will release those investment projects in light & textile sector in Shaanxi province.

  16. Direct Foreign Investment in the United Kingdom.

    Science.gov (United States)

    Hinde, Kevin

    1987-01-01

    Notes introductory undergraduate economics textbooks have no formal analysis of the rationale for direct foreign investment by multinational firms. Examines this area in an attempt to develop more content information for undergraduate courses. (RKM)

  17. Political Connections and Investment in Rural Vietnam

    DEFF Research Database (Denmark)

    Markussen, Thomas; Tarp, Finn

    as a result of relatives moving into public office. Connections to office holders appear to be important for investment because they strengthen de facto land property rights and improve access to off-farm employment and to informal loans. The findings underline the importance of informal networks for economic......This paper uses household panel data from rural Vietnam to explore the effects of having a relative in a position of political or bureaucratic power on farmers’ agricultural investment decisions. Our main result is that households significantly increase their investment in land improvement...... behaviour in environments with developing institutions and markets. They also suggest the presence of an untapped potential for economic development: if households without connections could obtain equally strong property rights and access to credit and insurance as the well-connected households, investment...

  18. Investment Company Series and Class Information

    Data.gov (United States)

    Securities and Exchange Commission — The Series and Class Report provides basic identification information for all active registered investment company series and classes that have been issued IDs by...

  19. Electricity reform abroad and US investment

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1997-10-01

    This report reviews and analyzes the recent electricity reforms in Argentina, Australia, and the United Kingdom (UK) to illustrate how different models of privatization and reform have worked in practice. This report also analyzes the motivations of the U.S. companies who have invested in the electricity industries in these countries, which have become the largest targets of U.S. foreign investment in electricity. Two calculations of foreign investment are used. One is the foreign direct investment series produced by the U.S. Department of Commerce. The other is based on transactions in electric utilities of the three countries. The electricity reform and privatization experiences reviewed may offer some insight as to how the U.S. electricity industry might develop as a result of recent domestic reform efforts and deregulation at the state and national levels. 126 refs., 23 figs., 27 tabs.

  20. In Investments, Reason Rules the Road.

    Science.gov (United States)

    Griswold, John S., Jr.

    2001-01-01

    Suggests that college governing board investment committees should respond to the current economic and terrorism-related crisis by using SWOT analysis (strengths, weaknesses, opportunities, threats) to examine factors that can crystallize money-management decision points. (EV)

  1. Investing EU ETS auction revenues into energy savings

    Energy Technology Data Exchange (ETDEWEB)

    Sijm, J.P.M.; Boonekamp, P.G.M. [ECN Policy Studies, Petten (Netherlands); Summerton, P.; Pollitt, H.; Billington, S. [Cambridge Econometrics CE, Cambridge (United Kingdom)

    2013-05-15

    The overall objective of this study is to analyse the effects of using EU ETS auction revenues to stimulate investments in energy savings in three key target sectors, i.e. Households, Tertiary and Industry (including both ETS and non-ETS industrial installations). The scenarios used refer basically to the situation before the recent agreement on the Energy Efficiency Directive (EED) and include (a mixture of) different policy options to enhance energy savings in the target sectors, in particular (1) reducing the ETS cap, (2) introducing an Energy Efficiency Obligation (EEO) for energy suppliers or distributors, and/or (3) using ETS auction revenues to support additional (private) investments in raising energy efficiency. In order to meet this objective a variety of different policy scenarios have been defined and analysed by means of the 'Energy-Environment-Economy Model for Europe (E3ME)'. The study presents and discusses a large variety of scenario modelling results by the year 2020 at the EU27 level. These results refer to, among others, energy savings, GHG emissions, the ETS carbon price, household electricity bills and to changes in some macro- or socio-economic outcomes such as GDP, inflation, employment or international trade. Finally, the study discusses some policy findings and implications, including options to enhance the effectiveness of some EE policies, in particular those having a potential adverse effect on the ETS carbon price.

  2. Children's Cognitive Abilities and Intrahousehold Parental Investment

    OpenAIRE

    Andrew Zuppann

    2013-01-01

    I estimate how new information about children's cognitive abilities leads parents to adjust investment within and across children. I use the National Longitudinal Survey of Youth matched mother-child data to construct measures of both child cognitive ability and parental investment during childhood. I find that parents respond to improvements in a child's cognitive abilities by devoting more resources towards that child. Â I find that positive information about one child leads to compensating...

  3. Nigeria Seeks Energy Investment from China

    Institute of Scientific and Technical Information of China (English)

    Shan Wenge

    2006-01-01

    @@ Nigeria sent a delegation to China in mid-July to seek investment in the oil-enriched nation. Currently, Nigeria has granted the Chinese oil companies the permits of four oil fields while the Chinese side offered technical support in the energy cooperation field. In addition to the energy sector, Nigeria's invitation of investment this time also covers transportation, finance, telecommunications and manufacturing sector.

  4. Optimal Investment Strategy to Minimize Occupation Time

    CERN Document Server

    Bayraktar, Erhan

    2008-01-01

    We find the optimal investment strategy to minimize the expected time that an individual's wealth stays below zero, the so-called {\\it occupation time}. The individual consumes at a constant rate and invests in a Black-Scholes financial market consisting of one riskless and one risky asset, with the risky asset's price process following a geometric Brownian motion. We also consider an extension of this problem by penalizing the occupation time for the degree to which wealth is negative.

  5. Competition and investment — A unified approach

    OpenAIRE

    Schmutzler, Armin

    2013-01-01

    Using a simple but general two-­‐‑stage framework, this paper identifies the circumstances under which increasing competition leads to more cost-­‐‑reducing investments. The framework can, for instance, capture increasing substitutability for different types of oligopoly models or changes from Cournot to Bertrand competition. The paper identifies four transmission mechanisms by which competition affects investment. For a firm with lower initial marginal costs (higher efficiency), a posi...

  6. Developing 2 C-compatible investment criteria

    Energy Technology Data Exchange (ETDEWEB)

    Roeser, Frauke [NewClimate - Institute for Climate Policy and Global Sustainability gGmbH, Bonn (Germany); Weischer, Lutz [Germanwatch e.V., Koeln (Germany); Thomae, Jakob [2degrees Investing Initiative, New York, NY (United States); Hoehne, Niklas; Hagemann, Markus; El Alaoui, Alexander; Bals, Christoph; Eckstein, David; Kreft, Soenke; Rosse, Morten

    2015-11-30

    This report studies the development of criteria for assessing the compatibility of financial investments with the international goal to limit global temperature increase to below 2 C above pre-industrial levels. The findings are intended as a starting point and a key input for a longer term process to develop consensus-based 2 C investing criteria. The focus here is placed on investments in projects and physical assets, in particular of development and climate finance organisations. In order to limit global temperature increase to 2 C, global greenhouse gas (GHG) emissions will have to be reduced significantly, eventually to zero, during the course of this century. This requires shifting capital from high to low carbon investments as well as significant capital mobilisation for investments in 2 C-compatible infrastructure. Given the long lifetime of physical assets, and the urgency of decarbonisation over the coming decades, this needs to begin today. Public financial institutions can play a prominent role in contributing to aligning investment flows with the 2 C limit, as well as in closing the current infrastructure investment gap, responding to their explicit or implicit climate mandates and leadership role in the finance sector. The majority of international financial institutions integrate climate considerations into their finance decisions to some degree, and are familiar with different types of criteria, including positive and negative lists, qualitative and quantitative benchmarks, and the use of shadow carbon pricing. However, current approaches do not link to the 2 C limit. 2 C investment criteria are therefore needed to guide investors in this regard. Such criteria may also support other purposes, including an understanding of climate risks and improved reporting and accountability.

  7. Investment Portfolio Evaluation by the Fuzzy Approach

    Directory of Open Access Journals (Sweden)

    Lambovska Maya

    2011-09-01

    Full Text Available This paper presents a new fuzzy approach for the evaluation of investment portfolio, where the approach is viewed by the authors as a sub-phase of the management process of these portfolios. The approach defines the mutual and delayed effects among the significant variables of the investment portfolio. The evaluation of the effects is described as fuzzy trapezoidal numbers and they are aggregated by mathematical operations with incidence matrices and fuzzy functions “experton”.

  8. Chinese Foreign Direct Investment in Indonesia

    DEFF Research Database (Denmark)

    Gammeltoft, Peter; Tarmidi, Lepi T.

    2013-01-01

    In Indonesia, no systematic study of Chinese FDI has been undertaken to date. This paper contributes to filling this research gap and analyses the current composition as well as the historical evolution of Chinese FDI in Indonesia, relying on a survey conducted in 2008 among Chinese invested ente...... investments, at this early period of their internationalisation, are likely to give rise to a more modest extent of positive spillovers than investors from more economically advanced countries....

  9. Economic Drivers of Pharmaceutical Investment Location

    OpenAIRE

    David Lewis; Edward Bramley-Harker; Joshua Farahnik

    2007-01-01

    The article examines the range of economic factors that underlie decision making about the location of investments by research-based pharmaceutical companies. Set in the context of the commercial challenges facing the industry, structured interviews with 34 senior executives in pharmaceutical companies examined hypothetical investment scenarios. Unsurprisingly, both cost and quality factors are important to decision making, but their nature and relative importance depend heavily on the type o...

  10. Combination Of Investment And Centrifugal Casting

    Science.gov (United States)

    Creeger, Gordon A.

    1994-01-01

    Modifications, including incorporation of centrifugal casting, made in investment-casting process reducing scrap rate. Used to make first- and second-stage high-pressure-fuel-turbopump nozzles, containing vanes with thin trailing edges and other thin sections. Investment mold spun for short time while being filled, and stopped before solidification occurs. Centrifugal force drives molten metal into thin trailing edges, ensuring they are filled. With improved filling, preheat and pour temperatures reduced and solidification hastened so less hot tearing.

  11. Chemicals Giant Optimistic about Investment in China

    Institute of Scientific and Technical Information of China (English)

    Sun Fenmei

    2002-01-01

    @@ A top official of the US company Dupont said his business will increase investment in China for new manufacturing projects as well as developments of technology and human resources. Charles Holliday,chairman of Dupont, said the Chinese market is becoming increasingly important for DuPont.Holliday was Dupont's key policy maker for its investment in China during the 1990s, when he served as top executive for the company's AsiaPacific operations.

  12. Transnational Corporations Adjust Investment Strategy in China

    Institute of Scientific and Technical Information of China (English)

    2005-01-01

    @@ After becoming one of the main countries absorbing foreign direct-investment, China is no longer a sole manufacturing base in transnational corporations' eyes, but a big market which they must pay high attention on and use. Transnational corporations have adjusted their investment strategy in china accordingly. Professor Xi Guoming, Director of Nankai University Transnational Research Center, issued his many years' following research result in a international forum during this period.

  13. Transnational Corporations Adjust Investment Strategy in China

    Institute of Scientific and Technical Information of China (English)

    2005-01-01

      After becoming one of the main countries absorbing foreign direct-investment, China is no longer a sole manufacturing base in transnational corporations' eyes, but a big market which they must pay high attention on and use. Transnational corporations have adjusted their investment strategy in china accordingly. Professor Xi Guoming, Director of Nankai University Transnational Research Center, issued his many years' following research result in a international forum during this period.……

  14. Seven Issues Should Be Focused on Investment

    Institute of Scientific and Technical Information of China (English)

    2004-01-01

    @@ According to the investment situation of the first half of this year, under macro-control of the central government, the super high-speed investment momentum in the first half of this year was controlled and some overheated industries were becoming normal. Influenced by many positive factors, the targets of macro-control as expected will be achieved. However, in order to further settle this policy and realize the economic soft-landing, the following seven issues should be focused on.

  15. Yunnan Copper Co., Ltd. Invested 1.5 Billion Yuan for 200,000-Ton Refined Copper Project in Baoding

    Institute of Scientific and Technical Information of China (English)

    2007-01-01

    <正>Yunnan Copper(Group)Co.,Ltd.has signed a strategic agreement with Baoding Municipal Government of Heibei Province in Kunming on the joint development of a copper smelting project.With the joint investment from Baoding Xinxian Government,Yunnan Copper Co.,Ltd.and Baoding Dali Copper Ltd,a copper refinery with an annual capacity of

  16. Shandong XinfaPlans to Invest 70 billion Yuan to Develop CoalPower-Aluminum Project in Zunyi

    Institute of Scientific and Technical Information of China (English)

    2013-01-01

    <正>DOn April 18, Shandong Xinfa Group and Zunyi People’s Government formally signed a framework cooperation agreement for coalpower-aluminum integrated project, planning to invest 70 billion yuan to concentrate on building North Guizhou coal-power-aluminum integrated resource downstream processing base.

  17. Optimal Investment Control of Macroeconomic Systems

    Institute of Scientific and Technical Information of China (English)

    ZHAO Ke-jie; LIU Chuan-zhe

    2006-01-01

    Economic growth is always accompanied by economic fluctuation. The target of macroeconomic control is to keep a basic balance of economic growth, accelerate the optimization of economic structures and to lead a rapid, sustainable and healthy development of national economies, in order to propel society forward. In order to realize the above goal, investment control must be regarded as the most important policy for economic stability. Readjustment and control of investment includes not only control of aggregate investment, but also structural control which depends on economic-technology relationships between various industries of a national economy. On the basis of the theory of a generalized system, an optimal investment control model for government has been developed. In order to provide a scientific basis for government to formulate a macroeconomic control policy, the model investigates the balance of total supply and aggregate demand through an adjustment in investment decisions realizes a sustainable and stable growth of the national economy. The optimal investment decision function proposed by this study has a unique and specific expression, high regulating precision and computable characteristics.

  18. A Policy Framework for Investment: An International Tool for Improving the Global Investment Regime

    Directory of Open Access Journals (Sweden)

    Andrey Sakharov

    2016-12-01

    Full Text Available International investment is one of the key drivers of economic growth in today’s world economy. Thus, creating favourable investment conditions is imperative for any state willing to maintain its competitiveness in attracting international investment capital required for sustainable economic growth. In this regard, the harmonization of investment and regulatory environments is one of the pressing issues facing many countries around the world. Addressing this issue is a collective task to be undertaken by leading economies, international organizations and informal global governance institutions, such as the Group of 20 (G20 or BRICS group of Brazil, Russia, India, China and South Africa. The contribution of the Organisation for Economic Co-operation and Development (OECD to harmonizing international investment regimes is significant and includes such documents as the OECD Declaration on International Investment and Multinational Enterprises, the Code of Liberalisation of Capital Movements, the Code of Liberalisation of Current Invisible Operations, G20/OECD High-Level Principles of Long-Term Investment Financing, and the Policy Framework for Investment (PFI. The PFI has become the most comprehensive and exhaustive compendium of investment policy best practices. This article analyzes the evolution of the PFI and the negotiation processes behind it to compare its content with analogous international documents dealing with investment policy and regulation across all 12 issue areas covered by the PFI, as well as to assess the international business community’s corresponding positions and contributions. It also addresses the OECD-G20 cooperation in formulating the future agenda for investment policy among the leading economies. The selected approach allows for a determination of the PFI’s role in shaping the potential set of universal investment policy principles and concrete rules.

  19. 22 CFR 124.6 - Termination of manufacturing license agreements and technical assistance agreements.

    Science.gov (United States)

    2010-04-01

    ... 22 Foreign Relations 1 2010-04-01 2010-04-01 false Termination of manufacturing license agreements... Termination of manufacturing license agreements and technical assistance agreements. The U.S. party to a manufacturing license or a technical assistance agreement must inform the Directorate of Defense Trade...

  20. Policy approaches to renewable energy investment in the Mediterranean region

    Science.gov (United States)

    Patt, A.; Komendantova, N.; Battaglini, A.; Lilliestam, J.; Williges, K.

    2009-04-01

    Europe's climate policy objective of 20% renewable energy by 2020, and the call by the IPCC to reduce greenhouse gas emissions by 80% by 2050, pose major challenges for the European Union. Several policy options are available to move towards these objectives. In this paper, we will address the most critical policy and governance issues associated with one particular approach to scaling up renewable energy resources: reliance on large-scale energy generation facilities outside the European continent, such as onshore and offshore wind farms and concentrating solar power (CSP) facilities in the Mediterranean region. Several feasibility studies completed over the past three years (German Aerospace Center 2006; German Aerospace Center 2005; Czisch, Elektrotechnik 2005, p. 488; Lorenz, Pinner, Seitz, McKinsey Quarterly 2008, p.10; German Aerospace Center 2005; Knies 2008, The Club of Rome; Khosla, Breaking the Climate Deadlock Briefing Papers, 2008, p.19) have convincingly demonstrated that large-scale wind and CSP projects ought to be very attractive for a number of reasons, including cost, reliability of power supply, and technological maturity. According to these studies it would be technically possible for Europe to rely on large-scale wind and CSP for the majority of its power needs by 2050—indeed enough to completely replace its reliance on fossil fuels for power generation—at competitive cost over its current, carbon intensive system. While it has been shown to be technically feasible to develop renewable resources in North Africa to account for a large share of Europe's energy needs, doing so would require sustained double digit rates of growth in generating and long-distance transmission capacity, and would potentially require a very different high voltage grid architecture within Europe. Doing so at a large scale could require enormous up-front investments in technical capacity, financial instruments and human resources. What are the policy instruments best

  1. Mass support for global climate agreements depends on institutional design

    OpenAIRE

    Bechtel, Michael M.; Kenneth F. Scheve

    2013-01-01

    Effective climate mitigation requires international cooperation, and these global efforts need broad public support to be sustainable over the long run. We provide estimates of public support for different types of climate agreements in France, Germany, the United Kingdom, and the United States. Using data from a large-scale experimental survey, we explore how three key dimensions of global climate cooperation—costs and distribution, participation, and enforcement—affect individuals’ willingn...

  2. Analyzing rater agreement manifest variable methods

    CERN Document Server

    von Eye, Alexander

    2014-01-01

    Agreement among raters is of great importance in many domains. For example, in medicine, diagnoses are often provided by more than one doctor to make sure the proposed treatment is optimal. In criminal trials, sentencing depends, among other things, on the complete agreement among the jurors. In observational studies, researchers increase reliability by examining discrepant ratings. This book is intended to help researchers statistically examine rater agreement by reviewing four different approaches to the technique.The first approach introduces readers to calculating coefficients that allow one to summarize agreements in a single score. The second approach involves estimating log-linear models that allow one to test specific hypotheses about the structure of a cross-classification of two or more raters'' judgments. The third approach explores cross-classifications or raters'' agreement for indicators of agreement or disagreement, and for indicators of such characteristics as trends. The fourth approach compa...

  3. The Network of Inter-Regional Direct Investment Stocks across Europe

    CERN Document Server

    Battiston, S; Zeytinoglu, H; Battiston, Stefano; Rodrigues, Jo\\~ao F.; Zeytinoglu, Hamza

    2005-01-01

    We propose a methodological framework to study the dynamics of inter-regional investment flow in Europe from a Complex Networks perspective, an approach with recent proven success in many fields including economics. In this work we study the network of investment stocks in Europe at two different levels: first, we compute the inward-outward investment stocks at the level of firms, based on ownership shares and number of employees; then we estimate the inward-outward investment stock at the level of regions in Europe, by aggregating the ownership network of firms, based on their headquarter location. Despite the intuitive value of this approach for EU policy making in economic development, to our knowledge there are no similar works in the literature yet. In this paper we focus on statistical distributions and scaling laws of activity, investment stock and connectivity degree both at the level of firms and at the level of regions. In particular we find that investment stock of firms is power law distributed wi...

  4. Investment Projects in Northeastern China

    Institute of Scientific and Technical Information of China (English)

    2011-01-01

    Name of project: Mechanical Manufacturing Industrial Park of Harbin Limin Development Zone Content and scale of project: To attract and construct 5 mechanical manufacturing projects Project overview: Mechanical Manufacturing Indus- trial Park is located in the east of the Core Demonstration Area of Harbin-Daqing-O~qihar Industrial Corridor and it is expected to cover an area of 5.9 sq kin. An industrial park focusing on machine finishing and manufacturing will be formed, based on the new factory of Harbin Bear- ing Manufacturing Co., Ltd and the exclusively foreign- funded Harbin Deotsch Auto Parts Manufacture Co.,

  5. AN IMPROVED AUTHENTICATED KEY AGREEMENT PROTOCOL

    Institute of Scientific and Technical Information of China (English)

    2005-01-01

    In 1999, Seo and Sweeney proposed a simple authenticated key agreement protocol that was designed to act as a Diffie-Hellman key agreement protocol with user authentication.Various attacks on this protocol are described and enhanced in the literature. Recently, Ku and Wang proposed an improved authenticated key agreement protocol, where they asserted the protocol could withstand the existing attacks. This paper shows that Ku and Wang's protocol is still vulnerable to the modification attack and presents an improved authenticated key agreement protocol to enhance the security of Ku and Wang's protocol. The protocol has more efficient performance by replacing exponentiation operations with message authentication code operations.

  6. 76 FR 64944 - Notice of Agreements Filed

    Science.gov (United States)

    2011-10-19

    ...: Hamburg-Sud (``HSDG''); Alianca Navegacao e Logistica Ltda. e CIA (``Alianca''); Compania Sud Americana de...-010. Title: Maritime Credit Agreement. Parties: Alianca Navegacao e Logistica Ltda. & Cia.;...

  7. Direct Spanish Investments in Latin America

    Directory of Open Access Journals (Sweden)

    Alfredo Arahuetes García

    1995-11-01

    Full Text Available In the period 1981-1992, the international flow of direct investments witnessed significant changes which affected their magnitude, geographical orientation, sectorial distribution, forms of investment and sources of financing. This happened in such a way that traditional distribution among industrialized and developing countries was modified as was the capacity for attraction of the different areas in development. In this sense, the main contrast could be seen in the growing importance of East and South East Asia and the decline of Latin American countries which traditionally have been the largest receivers of direct investments within the group of developing countries. The expansive phase of direct investments begun in 1986 threatened to exclude Latin American countries but the establishment of a new framework for the treatment of the problem of external debt -the Brady Plan-, the change in the context of theinternational economy in 1990 and the stability and economic growth of the countries of the region favoured, without a doubt, the recovery of the capacity for attraction for new flows of direct investments regarding Latin American countries.In this way, Latin America registered once again a growing participation in the international flow of direct investments. The evolution of direct Spanish investment in Latin America followed a path similar to that of wider international flows and, after the intense absorption of the first years of the Eighties, the rest of the decade registered a discreet attraction for investors which only began to change course from 1989 onwards with the reestablishment of the new phase of the economic cycle in the countries of the region.

  8. 13 CFR 301.6 - Supplementary investment assistance.

    Science.gov (United States)

    2010-01-01

    ... 13 Business Credit and Assistance 1 2010-01-01 2010-01-01 false Supplementary investment..., DEPARTMENT OF COMMERCE ELIGIBILITY, INVESTMENT RATE AND PROPOSAL AND APPLICATION REQUIREMENTS Investment Rates and Matching Share Requirements § 301.6 Supplementary investment assistance. (a) Pursuant to...

  9. 12 CFR 703.19 - Investment pilot program.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 6 2010-01-01 2010-01-01 false Investment pilot program. 703.19 Section 703.19 Banks and Banking NATIONAL CREDIT UNION ADMINISTRATION REGULATIONS AFFECTING CREDIT UNIONS INVESTMENT AND DEPOSIT ACTIVITIES § 703.19 Investment pilot program. (a) Under the investment pilot program,...

  10. 12 CFR 1805.400 - Investment instruments-general.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 7 2010-01-01 2010-01-01 false Investment instruments-general. 1805.400... TREASURY COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS PROGRAM Investment Instruments § 1805.400 Investment... investment instruments described in § 1805.401, and under such terms and conditions as described in...

  11. 26 CFR 1.851-7 - Certain unit investment trusts.

    Science.gov (United States)

    2010-04-01

    ... 26 Internal Revenue 9 2010-04-01 2010-04-01 false Certain unit investment trusts. 1.851-7 Section... (CONTINUED) INCOME TAXES Regulated Investment Companies and Real Estate Investment Trusts § 1.851-7 Certain unit investment trusts. (a) In general. For purposes of the Internal Revenue Code, a unit...

  12. 7 CFR 3560.305 - Return on investment.

    Science.gov (United States)

    2010-01-01

    ... 7 Agriculture 15 2010-01-01 2010-01-01 false Return on investment. 3560.305 Section 3560.305... AGRICULTURE DIRECT MULTI-FAMILY HOUSING LOANS AND GRANTS Financial Management § 3560.305 Return on investment. (a) Borrower's return on investment. Borrowers may receive a return on their investment (ROI)...

  13. 25 CFR 87.11 - Investment of judgment funds.

    Science.gov (United States)

    2010-04-01

    ... 25 Indians 1 2010-04-01 2010-04-01 false Investment of judgment funds. 87.11 Section 87.11 Indians... JUDGMENT FUNDS § 87.11 Investment of judgment funds. As soon as possible after the appropriation of... distribution of the funds, the Commissioner shall invest such funds pursuant to 25 U.S.C. 162a. Investments...

  14. 12 CFR 347.120 - Computation of investment amounts.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 4 2010-01-01 2010-01-01 false Computation of investment amounts. 347.120... GENERAL POLICY INTERNATIONAL BANKING § 347.120 Computation of investment amounts. In computing the amount that may be invested in any foreign organization under §§ 347.117 through 347.119, any investments...

  15. 48 CFR 2152.210-70 - Investment income.

    Science.gov (United States)

    2010-10-01

    ... 48 Federal Acquisition Regulations System 6 2010-10-01 2010-10-01 true Investment income. 2152.210... CONTRACT CLAUSES Text of Provisions and Clauses 2152.210-70 Investment income. As prescribed in 2110.7004(a), insert the following clause: Investment Income (OCT 2005) (a) The Contractor must invest and reinvest...

  16. 10 CFR 436.21 - Savings-to-investment ratio.

    Science.gov (United States)

    2010-01-01

    ... 10 Energy 3 2010-01-01 2010-01-01 false Savings-to-investment ratio. 436.21 Section 436.21 Energy... Procedures for Life Cycle Cost Analyses § 436.21 Savings-to-investment ratio. The savings-to-investment ratio... conservation measure. The denominator of the ratio is the present value of the net increase in investment...

  17. 17 CFR 270.3a-2 - Transient investment companies.

    Science.gov (United States)

    2010-04-01

    ... 17 Commodity and Securities Exchanges 3 2010-04-01 2010-04-01 false Transient investment companies... (CONTINUED) RULES AND REGULATIONS, INVESTMENT COMPANY ACT OF 1940 § 270.3a-2 Transient investment companies... which an issuer owns or proposes to acquire investment securities (as defined in section 3(a) of the...

  18. 12 CFR 703.13 - Permissible investment activities.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 6 2010-01-01 2010-01-01 false Permissible investment activities. 703.13... INVESTMENT AND DEPOSIT ACTIVITIES § 703.13 Permissible investment activities. (a) Regular way settlement and... funds transactions. (c) Investment repurchase transaction. A Federal credit union may enter into...

  19. 13 CFR 301.7 - Investment Assistance proposal.

    Science.gov (United States)

    2010-01-01

    ... 13 Business Credit and Assistance 1 2010-01-01 2010-01-01 false Investment Assistance proposal... COMMERCE ELIGIBILITY, INVESTMENT RATE AND PROPOSAL AND APPLICATION REQUIREMENTS Proposal and Application Requirements; Evaluation Criteria § 301.7 Investment Assistance proposal. (a) The EDA Investment...

  20. 26 CFR 1.852-3 - Investment company taxable income.

    Science.gov (United States)

    2010-04-01

    ... 26 Internal Revenue 9 2010-04-01 2010-04-01 false Investment company taxable income. 1.852-3... TAX (CONTINUED) INCOME TAXES Regulated Investment Companies and Real Estate Investment Trusts § 1.852-3 Investment company taxable income. Section 852(b)(2) requires certain adjustments to be made...