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

    ... assistance transaction. Technology investment agreements are described more fully in 32 CFR part 37. ... 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...

  3. 32 CFR 37.1375 - Technology investment agreements.

    Science.gov (United States)

    2010-07-01

    ... 32 CFR part 34), or another kind of assistance transaction (see appendix B to this part). ... 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 §...

  4. 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...

  5. The EU Approach to International Investment Agreements

    OpenAIRE

    Shehi, Olsi

    2015-01-01

    The study includes an overview of the development of EU foreign investment law before the Lisbon Treaty came to force as well as the consequences after the moment when it became a binding legal document. The main research question of this study is in what way the EU has replaced its Member States in the field of foreign investment. Moreover, this thesis studies the EU foreign investment policy, its regulation in accordance with the Lisbon Treaty as well as analyzes the most important EU draft...

  6. 10 CFR 603.1340 - Technology investment agreement.

    Science.gov (United States)

    2010-01-01

    ... of the requirements in 10 CFR Part 600), but with intellectual property provisions in full compliance... implemented in 10 CFR 600.325); or (b) An assistance transaction other than a cooperative agreement, if its... 10 Energy 4 2010-01-01 2010-01-01 false Technology investment agreement. 603.1340 Section...

  7. 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.

  8. 78 FR 19566 - Request for Comments Concerning Proposed Transatlantic Trade and Investment Agreement

    Science.gov (United States)

    2013-04-01

    ... and Investment Partnership (TTIP) agreement with the European Union (EU) aimed at achieving a... agreement. Accordingly, USTR is seeking public comments on the proposed TTIP, including regarding U.S... contact Yvonne Jamison at the above number. All other questions regarding the TTIP agreement should...

  9. Breach of Contracts in Investor-State Arbitration Based on International Investment Agreements (Japanese)

    OpenAIRE

    HAMAMOTO Shotaro

    2008-01-01

    This study examines the question whether and in which cases it is possible to settle disputes arising from investment contracts concluded between a foreign investor and a recipient State through the dispute settlement procedure (typically, arbitration) provided in international investment agreements (IIAs) concluded between the investor's State of nationality and the recipient State. The issue of whether the arbitration based on IIAs can deal with disputes over investment contracts arises in ...

  10. 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.

  11. International Standards: Past Free Trade Agreements and the Prospects in the Transatlantic Trade and Investment Partnership

    OpenAIRE

    Eliasson Leif Johan

    2015-01-01

    The Transatlantic Trade and Investment Partnership represents a strategic vision of transatlantic relations, including job creation, global leadership, and establishing high international standards. This paper discusses how three recent bi-lateral and regional agreements, along with positions adopted in transatlantic negotiations, convey respective side's acceptable parameters, and how international standards are emerging from and disseminated through agreements involving the European Union a...

  12. 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...

  13. A new institutional approach to Japanese firms' foreign direct investment under free trade agreements

    OpenAIRE

    Ishido, Hikari; 石戸, 光

    2016-01-01

    This paper examines the determinants of foreign direct investment (FDI) under free trade agreements (FTAs) from a new institutional perspective. First, the determinants of FDI are theoretically discussed from a new institutional perspective. Then, FDI is statistically analyzed at the aggregate level. Kernel density estimation of firm-size reveals some evidence of "structural changes" after FTAs, as characterized by the investing firms' paid-up capital stock. Statistical tests of the average a...

  14. Effect of regional integration agreement on foreign direct investment : A theoretical perspective

    OpenAIRE

    Salike, Nimesh

    2010-01-01

    This paper looked into inter- relationships between Regional Integration Agreement (RIA) and Foreign Direct Investment (FDI) from theoretical point of view. It tried to figure out the conducts of FDI after the formation of RIA from intra- regional and inter- regional perspective. The theoretical framework was developed from the cross- section tabulation of motives and modes of FDI. It is identified that multinationals have two basic rationales for their motives of investment abroad: tariff- j...

  15. 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

  16. Relationships between Investor-State Arbitration and Local Remedy Procedures in Bilateral Investment Treaties/Economic Partnership Agreements (Japanese)

    OpenAIRE

    Abe, Yoshinori

    2007-01-01

    In this paper I closely scrutinize the legal relationships between investment arbitration and local remedy procedures in the global "network" of bilateral investment treaties (BITs) and free trade agreements (FTAs)/economic partnership agreements (EPAs), examining the desirable ways in which the two relationships should be regulated. When investors refer disputes to investment arbitration (procedures for international arbitration between investors and states) they are not required to exhaust ...

  17. 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.

  18. Inter-rater Agreement for the Clinical Dysphagia Scale

    OpenAIRE

    Chun, Se Woong; Lee, Seung Ah; Jung, Il-Young; Beom, Jaewon; Han, Tai Ryoon; Oh, Byung-Mo

    2011-01-01

    Objective To investigate the inter-rater agreement for the clinical dysphagia scale (CDS). Method Sixty-seven subjects scheduled to participate in a video-fluoroscopic swallowing study (VFSS) were pre-examined by two raters independently within a 24-hour interval. Each item and the total score were compared between the raters. In addition, we investigated whether subtraction of items showing low agreement or modification of rating methods could enhance inter-rater agreement without significan...

  19. Services and investment in the EU-South Korea free-trade area: implications of a new approach for GATS V agreements and for bilateral investment treaties

    NARCIS (Netherlands)

    J. Mathis; E. Laurenza

    2012-01-01

    This paper focuses on the services and investment features of the recently concluded free trade agreement between the European Union and its Member States, of the one part, and the Republic of Korea, of the other part. This agreement is an early example of a new scheduling approach adopted by the Eu

  20. 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.

  1. 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. PMID:25110377

  2. Interrater Agreement of the Individualized Behavior Rating Scale Tool

    Science.gov (United States)

    Iovannone, Rose; Greenbaum, Paul E.; Wang, Wei; Dunlap, Glen; Kincaid, Don

    2014-01-01

    Data assessment is critical for determining student behavior change in response to individualized behavior interventions in schools. This study examined the interrater agreement of the Individualized Behavior Rating Scale Tool (IBRST), a perceptual direct behavior rating tool that was used by typical school personnel to record behavior occurrence…

  3. 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...

  4. An SIA analysis of the Investment Chapter in the EU-Canada Comprehensive Economic and Trade Agreement (CETA)

    OpenAIRE

    Prud'homme, Dan

    2011-01-01

    This study is a section from the Sustainability Impact Assessment (SIA), commissioned by the European Commission, on the impacts of the Investment Chapter in the EU-Canada Comprehensive Economic and Trade Agreement (CETA). The Investment Chapter in CETA could encourage economic benefits including trade-stimulating effects and fostering intangible business linkages in Canada, although the significance of these will likely be minor to notable at most; impacts in the EU will likely follow these ...

  5. "Trade creep" and implications of the Transatlantic Trade and Investment Partnership Agreement for the United Kingdom National Health Service.

    Science.gov (United States)

    Koivusalo, Meri; Tritter, Jonathan

    2014-01-01

    The ambitious and comprehensive Transatlantic Trade and Investment Partnership Agreement (TTIP/TAFTA) agreement between the European Union and United States is now being negotiated and may have far-reaching consequences for health services. The agreement extends to government procurement, investment, and further regulatory cooperation. In this article, we focus on the United Kingdom National Health Service and how these negotiations can limit policy space to change policies and to regulate in relation to health services, pharmaceuticals, medical devices, and health industries. The negotiation of TTIP/TAFTA has the potential to "harmonize" more corporate-friendly regulation, resulting in higher costs and loss of policy space, an example of "trade creep" that potentially compromises health equity, public health, and safety concerns across the Atlantic. PMID:24684086

  6. Part I: Study on investment protection agreements as instruments of international economic law

    NARCIS (Netherlands)

    P.J. Kuijper

    2014-01-01

    This study seeks to set out briefly the historical background and the development of present-day Bilateral Investment Treaties (BITs) that have grown in sophistication and in number since the first one of this type of treaties was concluded between the Federal Republic of Germany and Pakistan in 195

  7. 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

  8. 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

  9. 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

  10. 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. PMID:24204652

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

    Directory of Open Access Journals (Sweden)

    Linna Lu

    Full Text Available 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.

  12. 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

  13. 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)

  14. 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

  15. Investment Timing and Capacity Choice for Small-Scale Wind PowerUnder Uncertainty

    Energy Technology Data Exchange (ETDEWEB)

    Fleten, Stein-Erik; Maribu, Karl Magnus

    2004-11-28

    This paper presents a method for evaluation of investments in small-scale wind power under uncertainty. It is assumed that the price of electricity is uncertain and that an owner of a property with wind resources has a deferrable opportunity to invest in one wind power turbine within a capacity range. The model evaluates investment in a set of projects with different capacity. It is assumed that the owner substitutes own electricity load with electricity from the wind mill and sells excess electricity back to the grid on an hourly basis. The problem for the owner is to find the price levels at which it is optimal to invest, and in which capacity to invest. The results suggests it is optimal to wait for significantly higher prices than the net present value break-even. Optimal scale and timing depend on the expected price growth rate and the uncertainty in the future prices.

  16. Assessing the relevance of multilateral trade law to sovereign investments: Sovereign Wealth Funds as “investors” under the General Agreement on Trade in Services

    OpenAIRE

    Chaisse, Julien

    2015-01-01

    The variety of investments made by powerful Sovereign Wealth Funds (SWFs) is often directed to the globally booming service sector which is regulated by the General Agreement on Trade in Services (GATS). This paper analyses the scope, substance and procedural rights which may benefit SWFs. The basic principles of World Trade Organization (WTO) law provide a legal framework for regulating SWF investment while the members’ specific commitments may provide significant liberalizati...

  17. Discrete capacity choice problems in repeated and scaled investment

    OpenAIRE

    Luo, Cheng

    2016-01-01

    Most previous studies on real options are confined to the realm of continuous modelling while more practical discrete models are restricted by the methodology of solutions. This thesis applies the discount factor methodology to solve two scaling capacity choice problems: one is the scaling capacity expansions without switching options raised from Dxit and Pindyck (1994) and the other one is the case adding switching opportunities raised from Pindyck (1988). We respectively establish two discr...

  18. The Practice of Responsible Investment Principles in Larger-Scale Agricultural Investments : Implications for Corporate Performance and Impact on Local Communities

    OpenAIRE

    World Bank

    2014-01-01

    This report presents findings from a field-based survey on the conduct of agricultural operations at 39 large-scale, mature agribusiness investments in sub-Saharan Africa and Southeast Asia. The objective of the report is to provide first-hand, practical knowledge of the approach, behavior, and experience of these investments, their relationships with surrounding communities and the conseq...

  19. 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

  20. 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

  1. Impacts of the Teach For America Investing in Innovation Scale-Up

    OpenAIRE

    Clark, Melissa A.; Eric Isenberg; Albert Y. Liu; Libby Makowsky; Marykate Zukiewicz

    2015-01-01

    In 2010, Teach For America (TFA) launched a major expansion effort, funded in part by a five-year Investing in Innovation (i3) scale-up grant of $50 million from the U.S. Department of Education. This study examines the effectiveness of TFA elementary school teachers in the second year of the scale-up, relative to other teachers in the same grades and schools.

  2. Assessing the Effectiveness of Teach For America's Investing in Innovation Scale-Up

    OpenAIRE

    Clark, Melissa A.; Eric Isenberg; Albert Y. Liu; Libby Makowsky; Marykate Zukiewicz

    2015-01-01

    In 2010, Teach For America (TFA) launched a major expansion effort, funded in part by a five-year Investing in Innovation (i3) scale-up grant of $50 million from the U.S. Department of Education. This study examines the effectiveness of TFA elementary school teachers in the second year of the scale-up, relative to other teachers in the same grades and schools.

  3. 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...

  4. Implementation of the Teach For America Investing in Innovation Scale-Up

    OpenAIRE

    Marykate Zukiewicz; Clark, Melissa A.; Libby Makowsky

    2015-01-01

    Teach For America (TFA) is a nonprofit organization that seeks to improve educational opportunities for disadvantaged students by recruiting and training teachers to work in low-income schools. In 2010, TFA launched a major expansion effort, funded in part by a five-year Investing in Innovation (i3) Scale-Up grant of $50 million from the U.S. Department of Education’s Office of Innovation and Improvement. This report examines TFA’s implementation of the i3 scale-up in the first and second...

  5. 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.

  6. 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.

  7. Trade agreements with side-effects? : European Union and United States to negotiate Transatlantic Trade and Investment Partnership

    OpenAIRE

    Mildner, Stormy-Annika; Schmucker, Claudia

    2013-01-01

    "At the G8 summit in Northern Ireland on June 17, the European Union and the United States kicked off the negotiations for a comprehensive Transatlantic Trade and Investment Partnership (TTIP) to reduce tariffs and non-tariff trade barriers. While the expected economic benefits for both sides would be more than welcome in an era of gloomy growth forecasts, a TTIP is not entirely without risks for global trade and the multilateral trading system. The talks could tie up a considerable portion o...

  8. Capital investment requirements for greenhouse gas emissions mitigation in power generation on near term to century time scales and global to regional spatial scales

    International Nuclear Information System (INIS)

    Our paper explores the implication of climate mitigation policy and electricity generation technology performance for capital investment demands by the electric power sector on near term to century time scales. We find that stabilizing GHG emissions will require additional investment in the electricity generation sector over and above investments that would be needed in the absence of climate policy, in the range of 15 to 29 trillion US$ (48–94%) depending on the stringency of climate policy during the period 2015 to 2095 under default technology assumptions. This increase reflects the higher capital intensity of power systems that control emissions as well as increased electrification of the global economy. Limits on the penetration of nuclear and carbon capture and storage technology could increase costs substantially. Energy efficiency improvements can reduce the investment requirement by 18 to 24 trillion US$ (compared to default technology climate policy assumptions), depending on climate policy scenario. We also highlight the implications of different technology evolution scenarios for different regions. Under default technology set, the heaviest investments across scenarios in power generation were observed in China, India, SE Asia and Africa regions with the latter three regions dominating in the second half of the 21st century. - Highlights: • We present electricity generation investment requirement under different scenarios. • A climate policy will lead to substantial increase in investment requirement. • Stringency of climate policy has significant implications for investments. • Technology evolution and performance alter investment requirements significantly. • China, India, Southeast Asia and Africa dominate as investment destinations

  9. 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...... since the 1990s have changed the competiveness of solar PV in all markets, ranging from individual households via institutions to mini-grids and grid-connected installations. In volume and investment, the market for large-scale grid-connected solar power plants is by far the most important......, and as production costs are today competitive with large-scale diesel, this market is rapidly emerging. Donor-influenced plans and visions for solar PV development have often been optimistic with regard to the diffusion of solar PV in Africa, but the last three years of development, in terms of a number of large...

  10. 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

  11. Comparison of large scale solar PV (photovoltaic) and nuclear power plant investments in an emerging market

    International Nuclear Information System (INIS)

    We examine and compare economic feasibilities and environmental effects of two energy investments options in Turkey: a NE-PP (nuclear power plant) in Mersin province on the Mediterranean coast and a large scale photovoltaic solar energy power plant (PV-PP) to be built in a governmentally reserved land area in mid-south Anatolia, namely Karapinar Energy Specialized Industrial Zone (Karapinar-ESIZ). Total installed power of both plants is taken to be 4800 MW, which is the contracted value for the four units of NE-PP. In terms of investments and energy outputs, both options have their respective advantages and disadvantages over the other. While PV-PP is cheaper without land cost, NE-PP produces quite more electricity throughout its lifetime. Applying a tool to calculate the emission factor for an electricity system (taken from UNFCCC), although NE-PP has more cumulative CO2 emission reduction potential than PV-PP, PV-PP seems slightly more advantageous in terms of CO2 reduction per unit of produced electricity. PV-PP needs more land area than NE-PP; however, it requires considerably less time for commissioning and decommissioning. The outcomes of the study notably reveal that the NE-PP has a payback only if inflation rate is taken into consideration in the unit electricity price, while PV-PP pays back with and without inflation rate. - Highlights: • Comparison of PV and Nuclear energy power plants for Turkey. • Comparison is carried out using installed powers. • PV power plant has less LOCE value if the land cost is excluded. • Nuclear energy has 8-fold more electricity production than PV power plant

  12. Empirical validation of the InVEST water yield ecosystem service model at a national scale.

    Science.gov (United States)

    Redhead, J W; Stratford, C; Sharps, K; Jones, L; Ziv, G; Clarke, D; Oliver, T H; Bullock, J M

    2016-11-01

    A variety of tools have emerged with the goal of mapping the current delivery of ecosystem services and quantifying the impact of environmental changes. An important and often overlooked question is how accurate the outputs of these models are in relation to empirical observations. In this paper we validate a hydrological ecosystem service model (InVEST Water Yield Model) using widely available data. We modelled annual water yield in 22 UK catchments with widely varying land cover, population and geology, and compared model outputs with gauged river flow data from the UK National River Flow Archive. Values for input parameters were selected from existing literature to reflect conditions in the UK and were subjected to sensitivity analyses. We also compared model performance between precipitation and potential evapotranspiration data sourced from global- and UK-scale datasets. We then tested the transferability of the results within the UK by additional validation in a further 20 catchments. Whilst the model performed only moderately with global-scale data (linear regression of modelled total water yield against empirical data; slope=0.763, intercept=54.45, R(2)=0.963) with wide variation in performance between catchments, the model performed much better when using UK-scale input data, with closer fit to the observed data (slope=1.07, intercept=3.07, R(2)=0.990). With UK data the majority of catchments showed <10% difference between measured and modelled water yield but there was a minor but consistent overestimate per hectare (86m(3)/ha/year). Additional validation on a further 20 UK catchments was similarly robust, indicating that these results are transferable within the UK. These results suggest that relatively simple models can give accurate measures of ecosystem services. However, the choice of input data is critical and there is a need for further validation in other parts of the world. PMID:27395076

  13. Measuring Social Capital Investment: Scale Development and Examination of Links to Social Capital and Perceived Stress

    OpenAIRE

    Chen, Xinguang; Wang, Peigang; Wegner, Rhiana; Gong, Jie; FANG, XIAOYI; Kaljee, Linda

    2015-01-01

    Individuals with greater social capital have better health outcomes. Investment in social capital likely increases one’s own social capital, bearing great implications for disease prevention and health promotion. In this study, the authors developed and validated the Social Capital Investment Inventory (SCII). Direct effects of social capital investment on perceived stress, and indirect effects through social capital were examined. 397 Participants from Beijing and Wuhan, China completed surv...

  14. FACTORS INFLUENCING DECISIONS FOR USING OUTSIDE FUNDS FOR FARM INVESTMENTS AND PROPRIETOR WITHDRAWALS BY SMALL-SCALE FARMERS IN ABIA STATE, NIGERIA

    Directory of Open Access Journals (Sweden)

    Chriso O. EMEROLE

    2013-08-01

    Full Text Available This study on factors influencing decisions for using outside funds for Farm investments and for proprietor withdrawals was carried out among rural small-scale farm households in Abia state, Nigeria. A cross-sectional survey of ninety (90 rural farm households of multi-type (varied enterprises was carried out using cluster random sampling technique in three communities, each chosen from one of the three agricultural zones of the state. Results indicated rural household level variables that positively influenced decisions to source farm investment fund to include level of education, gender, membership of cooperative society, interest charge, land acquisition method, and ease of getting loan. Other factors that negatively influenced decisions include farming as major occupation, household savings, household size, and distance of farmers’ home to source of credit. Proprietor withdrawal decisions were positively influenced by household level variables like taking farming as major occupation, payment of school fees for children of farmers, and amount of credit so far repaid by a farm household. Other factors namely household size, being member of cooperative society or savings group, interest charges on loan, off-farm income, and household savings had negative influences on proprietor withdrawal decisions. We recommended that small-scale farmers should not borrow their start-up capital from outside their households but as their farm businesses stabilize, they could decide to take loans from outside to cover their working capital and/or expand their farms and be prepared to repay such loans according to contractual agreements.

  15. 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.

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

    OpenAIRE

    DENG, Jinqian; SHAN, Kangkang; Zhang, Yan

    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...

  17. 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.

  18. Cross-rater agreement on common and specific variance of personality scales and items

    OpenAIRE

    Mõttus, René; McCrae, Robert R.; Allik, Jüri; Realo, Anu

    2014-01-01

    Using the NEO Personality Inventory-3, we analyzed self/informant agreement on personality traits at three levels that were made statistically independent from each other: domains, facets, and individual items. Cross-rater correlations for the common variance in the five domains ranged from 0.36 to 0.65 (M = 0.49), whereas estimates for the specific variance of the 30 facets ranged from 0.40 to 0.73 (M = 0.56). Cross-rater correlations of residual variance of individual items ranged from -0.1...

  19. 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.

  20. 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…

  1. 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. PMID:27273558

  2. 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.

  3. Cadastral Surveys, Landscape agreements for Cecil County, Published in 2011, 1:4800 (1in=400ft) scale, Cecil County Government.

    Data.gov (United States)

    NSGIC GIS Inventory (aka Ramona) — This Cadastral Surveys dataset, published at 1:4800 (1in=400ft) scale as of 2011. It is described as 'Landscape agreements for Cecil County'. The extent of these...

  4. 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.

  5. Multiple nuclear power plants investment scenarios: Economy of multiples and Economy of Scale impact on different plant sizes

    International Nuclear Information System (INIS)

    Deliberately small nuclear reactors are making their way on the market. They are proposed by manufacturers worldwide (SMART, 4S, SSTAR, mPower, Nuscale, etc...). The idea of an economic attractiveness of Small and Medium sized Reactors (SMR) is counterintuitive, due to the loss of Economy of Scale on a capital intensive investment. Nevertheless a broader understanding of capital costs drivers has shaped a new concept of Economy of Multiples, that applies on multiple NPP deployment. It relies on learning accumulation to mitigate construction costs of later NPP units; design modularization to exploit the benefits of serial production; co-siting economies to decrease the incidence of fixed and site-related costs. We assume that smaller NPP size fosters design modularization and simplifications, with related cost savings. While the effect of modularization on construction costs has been modeled, the estimation of design-based savings may be the upmost arbitrary and controversial, but the underlying assumption is that the lower the plant size, the higher may be the Design cost-saving factor. This work aims to analyze at what extent and conditions the Economy of Multiples holds against the Economy of Scale, when NPP of different sizes are deployed in multiple units, considering that the Economy of Multiples smoothes its benefits with the increase in number of units installed and that the maximum size of the sites is a limit to its application on large reactors (LR). The limit case-study of Very Small Reactors (VSR) is investigated, representing a massive NPP deployment and a huge loss of Economy of Scale. Our analysis is performed by mean of INCAS (Integrated model for the Competitiveness Analysis of Small-medium modular reactors) Polimi's proprietary simulation code. Our results show that the Economy of Multiples holds as a competitive edge for Medium and Small Reactors even when nuclear site may host multiple LR: 8-9% design cost saving is able to grant the same

  6. Brief Report: Excellent Agreement between Two Brief Autism Scales (Checklist for Autism Spectrum Disorder and Social Responsiveness Scale) Completed Independently by Parents and the Autism Diagnostic Interview-Revised

    Science.gov (United States)

    Murray, Michael J.; Mayes, Susan Dickerson; Smith, Laura A.

    2011-01-01

    Agreement between the Autism Diagnostic Interview-Revised (ADI-R) and two brief scales completed by parents was 93.1% for the Checklist for Autism Spectrum Disorder (CASD) and 89.7% for the Social Responsiveness Scale (SRS) in a sample of adolescents with suspected autism spectrum disorders. Our study is consistent with others showing that brief…

  7. FACTORS INFLUENCING DECISIONS FOR USING OUTSIDE FUNDS FOR FARM INVESTMENTS AND PROPRIETOR WITHDRAWALS BY SMALL-SCALE FARMERS IN ABIA STATE, NIGERIA

    OpenAIRE

    Chriso O. EMEROLE; Chidozie O. ANYIRO; K.C. OSONDU; A.N NWACHUKWU; K.K. MBUBAEGBU; G.M.C IBEZIM

    2013-01-01

    This study on factors influencing decisions for using outside funds for Farm investments and for proprietor withdrawals was carried out among rural small-scale farm households in Abia state, Nigeria. A cross-sectional survey of ninety (90) rural farm households of multi-type (varied) enterprises was carried out using cluster random sampling technique in three communities, each chosen from one of the three agricultural zones of the state. Results indicated rural household level variables that ...

  8. 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.

  9. Agreement among 2 x 2 Agreement Indices.

    Science.gov (United States)

    Conger, Anthony J.; Ward, David G.

    1984-01-01

    Sixteen measures of reliability for two-category nominal scales are compared. Upon correcting for chance agreement, there are only five distinct indices: Fleiss's modification of A-sub-1, the phi coefficient, Cohen's kappa, and two intraclass coefficients. Recommendations for choosing an agreement index are made based on definitions, magnitude,…

  10. A three pronged approach to community scale renewable energy: Education, incremental capital investment and smart grid technology

    Science.gov (United States)

    Demeo, Anna E.

    ; first hand exposure to technology, providing a sense of independence that strengthens communities, and developing a direct link between the energy people use and how that energy is created. Ultimately community scale renewable energy projects help bolster support for large-scale projects that are imperative to making real and lasting progress towards reducing emissions. Finally, technological advancements in renewable energy generation, energy storage and distribution systems, are imperative to replacing fossil fuels. The shift towards a higher penetration of renewable energy into the electric grid can be realized with the implementation of a more sophisticated smart grid, which uses dynamic demand response to alter demand to follow generation. Introduction of tidal power can serve to further stabilize the grid and reduce the amount of storage required. This work describes an interdisciplinary approach to addressing issues of energy, and thereby climate, through substantive efforts in three concentrations; energy literacy education, community driven renewable energy projects based on incremental capital investment and a smart, micro grid encompassing tidal power and other renewable energy source.

  11. 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. PMID:24804081

  12. 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.

  13. 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.

  14. Modelling Negative Binomial as a substitute model to Poisson for raters agreement on ordinal scales with sparse data

    OpenAIRE

    Adejumo, A. O.; Heumann, Christian; Toutenburg, Helge

    2004-01-01

    The Poisson distribution has been widely used for modelling rater agreement using loglinear models. Mostly in all life or social science researches, subjects are being classified into categories by rater, interviewers or observers and most of these tables indicate that the cell counts are mixtures of either too big values and two small values or zeroes which are sparse data. We refer to sparse as a situation when a large number of cell frequencies are very small. For these kinds of tables, th...

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

    OpenAIRE

    Jae Wook Han; Soon Young Cho; Kui Dong Kang

    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 ...

  16. Trade Agreements

    OpenAIRE

    Kowalczyk, Carsten; Riezman, Raymond

    2009-01-01

    This paper reviews the most significant recent developments in the theory of trade agreements. The paper offers an integrated approach to evaluating trade agreements, and uses the approach to present results on preferential and multilateral trade agreements. The paper identifies also several questions for further research.

  17. Analisis Hukum Kedudukan Joint Venture Agreement Dalam Perusahaan Penanaman Modal

    OpenAIRE

    Nasution, Karina Utari

    2012-01-01

    Capital investment in the era of globalization is inseparable from the series of international agreements in which Indonesia is involved. Joint venture agreement in the framework of foreign investment in Indonesia is the first step to establish a joint venture company which is a must for foreign investors planning to invest their capital in Indonesia. A foreign investment company is not only subject to Law No.25/2007 on Capital Investment but also to law No.40/2007 on Limited L...

  18. 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

  19. 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

  20. Sexual agreements in the partnerships of internet-using men who have sex with men.

    Science.gov (United States)

    Gass, Katherine; Hoff, Colleen C; Stephenson, Rob; Sullivan, Patrick S

    2012-01-01

    Recent studies among men who have sex with men (MSM) have found that the majority of HIV transmission results from sex with a main partner. One factor likely to affect the risk of transmission is the type of agreements the couple has regarding sexual behaviour within and outside the relationship. This study recruited 732 Internet-using MSM through Facebook banner ads. Participants completed an online questionnaire regarding demographic characteristics of the respondent and their main partner, the sexual behaviour of the couple, the existence of a sexual agreement, and the strength of investment in that agreement. The Pearson chi-square test was used to assess the association between sexual agreements (categorized as open, closed, or none) and the predictive variables. Respondents' investment in their sexual agreement was measured using the sexual agreement investment scale (a composite score ranging from 0 to 52). Ninety-one percent of respondents had some form of sexual agreement in place with their main partner. The presence and type of sexual agreement was found to be strongly associated with many characteristics of the individual and couple, including the respondent's HIV status, length of time with the main partner, having unprotected anal intercourse with a man other than their main partner, and happiness in the relationship. Increases in the strength of respondents' investment in their sexual agreement were found to be associated with newness of the relationship, relationship happiness, having a closed relationship, and decreases in risky sexual behaviour. This study offers further evidence of the important role that sexual agreements play in male couples. The overwhelming prevalence of sexual agreements and their association with relationship happiness and risky sexual behaviours has important implications for future HIV prevention and control strategies, including the implementation of couples voluntary counseling and testing. PMID:22375729

  1. 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.

  2. Roaming and Investments in the Mobile Internet Market

    OpenAIRE

    Stühmeier, Torben

    2012-01-01

    This model discusses mobile network operators' (MNOs) incentives to invest in their network facilities such as new 4G networks under various regimes of data roaming charge regulation. Given an induced externality of investments (spillovers) due to the roaming agreements it will be shown that MNOs, competing on investments, widely set higher investments for below cost regulation of roaming charges. Otherwise, if MNOs are free to collaborate on investments, they set higher investment levels for...

  3. 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

  4. 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,

  5. Value Investing

    OpenAIRE

    Kubínyi, Tomáš

    2010-01-01

    This bachelor's thesis deals with value investing in the form defined by Benjamin Graham. In clarifying the theoretical aspects, particular attention is given to an intrinsic value of stocks and to its calculation methods. A way to overcome the deficiencies in the two most widely used models of calculation is introduced. It is value screening, which by defining of certain criteria makes an assumption of undervalued stocks. Then the investment approach of the most successful investor, Warren B...

  6. The Re-Calibration of EU International Investment Agreement Policy and Its Impact on China-EU BIT Negotiation%欧盟国际投资协定政策的革新及其对中欧 BIT谈判的影响

    Institute of Scientific and Technical Information of China (English)

    刘春宝

    2015-01-01

    The launch of the EU comprehensive investment policy repre-sents one of the most significant development in the area of international invest-ment law in recent years.Since the entry into force of the Treaty of Lisbon in 2009, the scope of the EU's exclusive competence has been extended to include policies over foreign direct investment.The EU then decided to exercise this new competence by negotiating comprehensive investment agreements covering invest-ment liberalization, investment protection and sustainable development.These a-greements wil gradual y replace BITs signed by individual Member States.The freshly concluded CETA with Canada and FTA with Singapore are the first two products of the EU comprehensive investment policy.Compared to Member State BITs, these two agreements substantial y recalibrated investment protection provi-sions, with a view to rebalancing investors'rights and host countries'public inter-ests and improving the legitimacy of ISDS regime.This suggests an ongoing trend of convergence between the EU and China on treaty practice.However, diver-gence remains deep on a variety of rules, which might be the key chal enges to successful y negotiating a China—EU BIT.%欧盟综合性国际投资政策的实施是近年国际投资法领域最重大的发展之一。2009年《里斯本条约》生效后,外国直接投资成为欧盟的专属权能。依据新增加的权能,欧盟决定将国际投资协定的范围扩至投资自由化条款、投资保护条款和可持续发展条款,逐步取代成员国缔结的双边投资协定。《欧盟—加拿大综合经济和贸易协定》和《欧盟—新加坡自由贸易协定》是实施新政策后最先签署的综合性国际投资协定。相较于成员国双边投资协定,新的欧盟投资协定引入了诸多革新举措,意在实现投资者利益和缔约国公共利益的再平衡,增强投资争端解决机制的合法性。中欧双方晚近投资协定的实践日益

  7. 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...

  8. 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.

  9. 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.

  10. 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。

  11. "Strategic International Agreement on Global Environment Management"

    OpenAIRE

    Kazuharu Kiyono; Masahiro Okuno-Fujiwara

    2004-01-01

    When future international agreement on global environmental control is anticipated, decisions for controlling current carbon gas emissions by improving the country's abatement capabilities are strongly affected by the likelihood of such agreements as well as their probable outcome. We construct a two-period, two-country model where the quality of the atmospheric environment is a global public capital. Countries invest in abatement investments in the first period and engage in production activ...

  12. Agreement Highlights

    Institute of Scientific and Technical Information of China (English)

    2008-01-01

    Chen Yunlin, President of the mainland’s Association for Relations Across the Taiwan Straits and Chiang Pinkung, Chairman of Taiwan-based Straits Exchange Foundation, signed agreements on direct air, shipping and postal services and food safety cooperation during their summit in Taipei on November 4. Direct Flights——The two sides agree to launch a cargo charter flight service between two mainland terminals, Pudong in Shanghai and Guangzhou airports, and two Taiwan ones, Taoyuan and Kaohsiung.

  13. 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...

  14. 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

  15. ROMANIAN INVESTMENT POLICY ANALYSIS

    Directory of Open Access Journals (Sweden)

    Hategan Anca

    2011-07-01

    Full Text Available Starting with the year 2009, the European Union, as well as the rest of the world, was affected by the economic and financial crisis, and one of the effects reflected in the decrease of foreign direct investment (FDI projects and also in the reduction of their host locations. Creating a healthy economic environment, that should be efficient for any form of international investment , represents the nowadays challenge of all market economies. This paper concentrates on analyzing our country’s attractiveness from the international investor’s point of view, it also focuses on the Romanian investment policy, its investment climate, as well as on identifying or valuating the strengths and opportunities offered by Romania. The advantages of the foreign direct investments are universally recognized and they basically include the expansion of the production capacity and income, job creation, technologically diffusion and economic development. Creating an appropriate economic environment, that is efficient for any form of international investments represents the nowadays challenge of all market economies. OECD member states experience, for example, outlines the advantages of a functional legal and normative climate, based on the principles of transparency and non discrimination, that are essential for attracting foreign investments. In the actual competition for attracting FDI, every state tries to offer as many incentives to the future foreign investors. The Romanian investment policy sets out incentives in a non-discriminatory and transparent way offering the investors the specific criteria. The Romanian business environment has improved significantly in recent years, driven in particular by EU accession. Major progress has been recorded in areas such as the fiscal environment, rule of law, the fight against corruption and property registration. When considering our country a possible location for the development of their businesses, the foreign

  16. Spillovers and international competition for investments

    OpenAIRE

    Olsen, Trond E.; Osmundsen, Petter

    2001-01-01

    Two jurisdictions compete to attract shares of the investment budget of a large multinational enterprise, whose investments confer positive spillovers on national firms. The firm has private information about its efficiency and about spillovers. It is shown that the firm may gain from governmental tax coordination. Relative to a cooperative tax agreement, tax competition may induce excessive investments in the country where the positive spillover effects are lowest. Also, with sufficiently as...

  17. 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.

  18. 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.

  19. The Role of International Investment Law in Renewable Energy Investment; focus on Build Operate and Transfer (BOT) Contracts

    OpenAIRE

    Adetiloye, Idowu Adejoke

    2014-01-01

    Renewable energy is one of the ways of reducing greenhouse gas emission. There is need for more investment in this sector. However, lack of stable regulatory framework and change in policy makes it unattractive to investors. International investment laws through its protections in investment agreement can help to mitigate risks considered by investors especially those with Build, Operate and Transfer (BOT) type of contracts.

  20. 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.

  1. Investments in human capital

    OpenAIRE

    Milost, Franko; Novak, Matic

    2016-01-01

    Investments in human capital (employees) include investments in the direct assurance of working abilities, investments in health and well-being and investments in loyalty to the company. These investments are crucial for the long-term existence and development of a company, but their value is not disclosed on the assets side of the classical balance sheet. The most important argument given by the proponents of this approach is that the economic benefits stemming from such investments are unce...

  2. 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,

  3. Land Use and Land Cover, Farmland Preservation Program - agreements, Published in 2009, 1:24000 (1in=2000ft) scale, Wisconsin Department of Agriculture, Trade & Consumer Protection.

    Data.gov (United States)

    NSGIC GIS Inventory (aka Ramona) — This Land Use and Land Cover dataset, published at 1:24000 (1in=2000ft) scale, was produced all or in part from Published Reports/Deeds information as of 2009. It...

  4. 75 FR 21614 - Investing in Innovation Fund

    Science.gov (United States)

    2010-04-26

    ... Register (75 FR 12072) a notice inviting applications for new awards for FY 2010 (NIA) for the Investing in... 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...

  5. 76 FR 34969 - Investing in Innovation Fund

    Science.gov (United States)

    2011-06-15

    ... notices inviting applications for the i3 program in the Federal Register on June 3, 2011 (76 FR 32148... 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...

  6. Crowdfunding: disintermediated investment banking

    OpenAIRE

    Rubinton, Brian J

    2011-01-01

    This paper introduces crowdfunding as a concept and model for the evolution of investment banking. Crowdfunding, an application of crowdsourcing, is defined as one party’s attempt to finance a project by offering three types of investment opportunities to potential investors. The investment opportunities are donations, passive investments, and active investments. From this foundation I develop a model in which interdependent agents operate in a dynamic, discrete setting. Potential investors d...

  7. Parental Care and Investment

    OpenAIRE

    González-Voyer, Alejandro; Kolm, N.

    2010-01-01

    Parental care is common throughout the animal kingdom and among caring species there is a bewildering variation in how parents care for offspring, as well as in the amount of resources parents invest in care. For instance, there is considerable variation in the relative parental investment by the sexes – in some species females invest more, in others males invest more, and in some investment is more or less equally shared. Different hypotheses have been proposed to explain patterns of parenta...

  8. Foreign Direct Investment in Mexico since the Approval of NAFTA

    OpenAIRE

    Cuevas, Alfredo; Messmacher, Miguel; Werner, Alejandro

    2005-01-01

    Cross-country panel data are used to assess the effect of free-trade agreements on flows of Foreign Direct Investment (FDI). Free-trade agreements are found to have a significant positive effect on FDI flows, and free-trade agreements are found to matter more for the smaller members of the agreement. For example, the North American Free-Trade Agreement's (NAFTA) effect on FDI flows into Me...

  9. 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

  10. 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.

  11. 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

  12. 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...

  13. An Enabling Regulatory Environment for Sustainable Investment: The Example of Trade Law

    OpenAIRE

    Bürgi, Elisabeth

    2014-01-01

    There is broad international agreement that investment flows to the agricultural sector in developing countries need to be increased. But there is also agreement that such investments need to be sustainable. For being sustainable, they must not only be beneficial to the public economy, but also to rural households and to the environment in the short and the long run. Whether sustainable investments take place, not least depends on the legal framework within which these investments are situate...

  14. 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. PMID:25469870

  15. 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

  16. 地下空间大规模开发的投融资路径选择%The Investing and Financing Way for the Development of Underground Space in Large Scale

    Institute of Scientific and Technical Information of China (English)

    陈倬

    2011-01-01

    There are many problems need to be resolved urgently in our practice of investing and financing the city underground space development: single subject of investment, limited source of capital, old way of operation and lagged construction of legislation. With the features of limited supply, multipurpose, irreversibility and overall returns, the development of underground space should be guided by local government. The government plays a leading role in the development of underground space by working out rules and regulations. With the features of huge investment amount, long payback period and scale effect, it is not a reality for local government to develop underground space on its own investment. The market-oriented mechanism of investment and financing for underground space should be set up. The market-oriented investment and financing mode of underground space under government-guiding is a combination of governmental regulations and market mechanism. It can be set up by the means of combination of investment subjects, diversification of capital sources, modes of project financing and innovation of supporting policies. It can attain the results of raising the efficiency of development and operation of underground space, optimizing the structure of capital resource and increasing the match of returns for risk.%在我国城市地下空间开发的投融资实践中,面临着一系列急需解决的问题:投资主体单一、资金来源有限、运营方式守旧、法规建设滞后.地下空间项目具有供给有限、用途多样、开发不可逆、效益综合等特点,开发过程应由政府主导,政府通过建立规制来实现在地下空间开发中的主导地位.地下空间项目又具有投资额高、投资回收期长、投资规模效应等特点,单靠政府投入是不现实的,需要市场化的投融资机制.政府主导下的市场导向型地下空间投融资模式是政府规制与市场机制的有机结合,通过投资主体复合

  17. Quantitative investment analysis

    CERN Document Server

    DeFusco, Richard

    2007-01-01

    In the "Second Edition" of "Quantitative Investment Analysis," financial experts Richard DeFusco, Dennis McLeavey, Jerald Pinto, and David Runkle outline the tools and techniques needed to understand and apply quantitative methods to today's investment process.

  18. HUMAN CAPITAL INVESTMENT

    Directory of Open Access Journals (Sweden)

    Ph. D. Student Ioana - Julieta Josan

    2012-05-01

    Full Text Available Once with the development of the human capital theory, the education received an economic value. Leading theorists and specialists in the field have shown that the remarkable economic effects of the investments in education influence the chances of acquiring a job and earnings, demonstrating how the theory justifies such an investment. At the hand, the allocation of resources in human capital brings performance and benefits to companies investing in their employees. Also, the investment in human capital is strategic for any country that seeks to create a knowledge economy. Considering the above arguments, the aim of this paper is to highlight the characteristics of investment in human capital, the types of investment, the factors of education investment and the entities interested in investing and their benefits.

  19. A proposal to finance low carbon investment in Europe

    International Nuclear Information System (INIS)

    This year, Europe is confronted with a critical double challenge: addressing the climate change issue and pulling itself out of a persistent low growth trap. Today these two challenges are addressed separately. On the one hand, climate negotiations must reach a historical agreement in the Paris conference in December 2015. On the other hand, the Juncker Plan of 315 billion euros of investment, and above all the ECB announcement of a massive purchase of assets for an amount of around 1100 billion euros, must help to avoid a deflationary spiral and stimulate a new flow of investments. Regarding climate policies, public regulators have essentially focused on a carbon price, which remains today at an insufficient level to trigger the financing needs of the low carbon transition. The potential of the banking and saving channels (targets of the asset purchase program of the ECB) to scale up climate finance is however neglected. This 'Note d'analyse' proposes to make private low-carbon assets eligible for the ECB asset purchase program. The carbon impact of these assets would benefit from a public guarantee that would value their carbon externality at a level sufficient to compensate the absence of an adequate carbon price. This mechanism would immediately impact the investment decisions of private actors with a positive effect on growth. It would also strongly incite governments to progressively implement carbon pricing tools to ensure that the public backing of the value of the carbon assets remains neutral with respect to public budgets. (authors)

  20. 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

  1. 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...

  2. Irreversibility, Uncertainty, and Investment

    OpenAIRE

    Robert S. Pindyck

    1990-01-01

    Most investment expenditures have two important characteristics: First, they are largely irreversible; the firm cannot disinvest, so the expenditures are sunk costs. Second, they can be delayed, allowing the firm to wait for new information about prices, costs, and other market conditions before committing resources. An emerging literature has shown that this has important implications for investment decisions, and for the determinants of investment spending. Irreversible investment is especi...

  3. Pension Fund Investment Policy

    OpenAIRE

    Zvi Bodie

    1988-01-01

    The purpose of this paper is to survey what is known about the investment policy of pension funds. Pension fund investment policy depends critically on the type of plan: defined contribution versus defined benefit. For defined contribution plans investment policy is not much different than it is for an individual deciding how to invest the money in an Individual Retirement Account (IRA). The guiding principle is efficient diversification, that is, achieving the maximum expected return for any...

  4. Gold as an investment

    OpenAIRE

    Zemánek, Adam

    2015-01-01

    Bachelor thesis was created to understand investments in gold, to analyse the develop-ment of its price, discussing the reasons why people should invest in gold. Moreover, it introduces different forms of availability and possible earnings from investing in gold. First part is focused on describing important properties of this valuable commodity. Second part of the thesis analyses specific possibilities of investments and compares them with each other from the point of view of an investor.

  5. 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.

  6. 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.

  7. A General Mathematical Framework for Calculating Systems-Scale Efficiency of Energy Extraction and Conversion: Energy Return on Investment (EROI and Other Energy Return Ratios

    Directory of Open Access Journals (Sweden)

    Adam R. Brandt

    2011-08-01

    Full Text Available The efficiencies of energy extraction and conversion systems are typically expressed using energy return ratios (ERRs such as the net energy ratio (NER or energy return on investment (EROI. A lack of a general mathematical framework prevents inter-comparison of NER/EROI estimates between authors: methods used are not standardized, nor is there a framework for succinctly reporting results in a consistent fashion. In this paper we derive normalized mathematical forms of four ERRs for energy extraction and conversion pathways. A bottom-up (process model formulation is developed for an n-stage energy harvesting and conversion pathway with various system boundaries. Formations with the broadest system boundaries use insights from life cycle analysis to suggest a hybrid process model/economic input output based framework. These models include indirect energy consumption due to external energy inputs and embodied energy in materials. Illustrative example results are given for simple energy extraction and conversion pathways. Lastly, we discuss the limitations of this approach and the intersection of this methodology with “top-down” economic approaches.

  8. 12 CFR 211.9 - Investment procedures.

    Science.gov (United States)

    2010-01-01

    ... investments in excess of the limitations therein based on capital and surplus. (1) Minimum capital adequacy... bank shall be in compliance with applicable minimum standards for capital adequacy set out in the Capital Adequacy Guidelines; provided that, if the investor is an Edge or agreement corporation,...

  9. 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...... 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...... 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...

  10. 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.

  11. 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、

  12. 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…

  13. Shell Pledges Huge Annual China Investment

    Institute of Scientific and Technical Information of China (English)

    Li Jinchao

    2012-01-01

    Royal Dutch Shell Plc, Europe's largest oil company, recently expressed that it will invest around US$1 billion annually in its upstream businesses in China, a move based on the country's surging natural gas consumption. "There is huge potential to come in terms of the natural gas market in China," according to Peter Voser, the company's chief executive officer. He said the company's investment scale will change depending on how successful its current projects are in the following years,

  14. 75 FR 26742 - Investing in Innovation Fund

    Science.gov (United States)

    2010-05-12

    .../2010 (75 FR 5/12/2010 5/19/2010 7/12/2010 7/19/2010 in Innovation Fund (Scale-up, 12072). Validation... 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...

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

    OpenAIRE

    Zhabynets Olga Yo.

    2014-01-01

    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 inv...

  16. Shareholders' agreements in Denmark

    DEFF Research Database (Denmark)

    Werlauff, Erik

    2010-01-01

    The article warns that with effect from 1 March 2010, the new Danish Companies Act (on public and private limited companies) has seriously weakened the effect of shareholders’ agreements which have been entered into on Danish companies. These agreements (in the act’s new terminology: “owners......’ agreements”) cannot bind the company within the sense of company law under the new state of law, and voting rights agreements, agreements on right of pre-emption etc. will therefore only apply at the level of contract law between the parties to the agreement. This article for European Business Law Review...... 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...

  17. Investment to the Rescue

    OpenAIRE

    Vasily Astrov; Rumen Dobrinsky; Vladimir Gligorov; Doris Hanzl-Weiss; Peter Havlik; Mario Holzner; Gabor Hunya; Michael Landesmann; Sebastian Leitner; Olga Pindyuk; Leon Podkaminer; Sandor Richter; Hermine Vidovic

    2014-01-01

    The Vienna Institute for International Economic Studies (wiiw) expects GDP in Central, East and Southeast Europe (CESEE) to pick up speed and grow on average by 2-3% over the forecast period 2014-2016 a major driving force rooted in an upward reversal of public and private investment. The question remains, however, whether investment-led growth in the CESEE countries is merely a statistical base effect of a few replacement investments or an indication of a profound paradigmatic shift. Increas...

  18. Migration, trade and investment

    OpenAIRE

    Ben Dolman

    2008-01-01

    By lowering the cost of trade between the country of residence and the country of birth, migrants appear to reduce trade with other countries, so that the overall effect on aggregate trade is small. The effects of migrants on foreign direct investment appear to be different. Bilateral investment patterns show that migrants increase investment between their country of residence and country of birth, but there is no strong evidence that this is accompanied by a reduction of the stock of investm...

  19. 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

  20. 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

  1. 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…

  2. 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).

  3. Inviting Foreign Investment

    Institute of Scientific and Technical Information of China (English)

    DING WENLEI

    2010-01-01

    @@ Multinational companies are expecting a more receptive environment for their investments in China,especially if those investments go to emerging industries,help with development efforts in central and west China,or facilitate reorganization and restructuring of Chinese enterprises.

  4. 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...

  5. Investment Climate in Africa

    OpenAIRE

    Bridgman, David; Adamali, Aref

    2015-01-01

    The World Bank Group has been working on investment climate reform in Sub-Saharan Africa for nearly a decade, a period characterized by dramatic economic growth on the continent. Establishing links between such reform interventions and economic growth, however, is a complex problem. Although this note finds some connection between investment climate reform and economic growth, establishing ...

  6. 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

  7. The Trans-Pacific Partnership Agreement and health: few gains, some losses, many risks

    OpenAIRE

    Labonté, Ronald; Schram, Ashley; Ruckert, Arne

    2016-01-01

    Background In early October 2015, 12 nations signed the Trans-Pacific Partnership Agreement (TPPA), promoted as a model ‘21st century’ trade and investment agreement that other countries would eventually join. There are growing concerns amongst the public health community about the potential health implications of such WTO+ trade and investment agreements, but little existing knowledge on their potential health impacts. Methods and results We conducted a health impact review which allows for ...

  8. 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.

  9. The Trans-Pacific Partnership Agreement: Trading away our health?

    Science.gov (United States)

    Ruckert, Arne; Schram, Ashley; Labonté, Ronald

    2015-01-01

    There is long-standing interest by the public health community in the potential implications of trade and investment agreements for public health. Our commentary highlights the main pathways by which the Trans-Pacific Partnerships (TPP), a comprehensive trade and investment agreement currently under negotiation, might undermine population health (based on analysis of and commentary about leaked chapters of the TPP), and calls for a more transparent and health-sensitive TPP negotiation process. We argue that use of comprehensive health impact assessments could be helpful in identifying how the potentially serious health consequences of the TPP and similar future international trade and investment agreements can be avoided, minimized or mitigated. PMID:26285198

  10. Crowding - in Effect of Public Investment on Private Investment

    OpenAIRE

    Toshiya Hatano

    2010-01-01

    This study investigates the effects of public investment on private investment based on Japanese empirical data. Since public capital is accumulated in tandem with the accumulation of private capital in the long-run from a historical perspective, it is quite natural that there is a positive relationship between private investment and public investment. However, some previous studies have provided evidence for the crowding-in effect of public investment on private investment while other studie...

  11. POLAND`S OUTWARD FOREIGN DIRECT INVESTMENT

    Directory of Open Access Journals (Sweden)

    Buczkowski Bogdan

    2013-07-01

    Full Text Available The paper contributes to the discussion of motives, determinants and effects of outward FDI of companies from emerging economies. We analyze the the scale, structure, geographical location and effects of Polish foreign direct investments as well as we prioritize their determinants. The interest of Polish companies in investing abroad has increased sharply over the last decade, due to the need to broaden the scale of business operations and geographical scope of their economic activities after the Poland`s accession to the European Union.

  12. 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)

  13. 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.

  14. 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.

  15. The Homomorphic Key Agreement

    Institute of Scientific and Technical Information of China (English)

    2006-01-01

    There are various challenges that are faced in group communication, so it is necessary to ensure session key. Key agreement is the fundamental cryptographic primitive for establishing a secure communication. It is a process of computing a shared secret contributed by two or more entities such that no single node can predetermine the resulting value. An authenticated key agreement is attained by combining the key agreement protocol with digital signatures. After a brief introduction to existing key agreement in group communication, Making use of the additive-multiplicative homomorphism in the integer ring defined by Sander and Tschudin: A new protocols, called the homomorphism key agreement, was designed, which can be self-contributory, robust, scalable and applicable in group communication.

  16. Energy investments and employment

    International Nuclear Information System (INIS)

    A study was conducted to assess the effect that different energy options would have on provincial and regional employment prospects in British Columbia. Current and future economic and employment patterns were examined to develop a more detailed understanding of the skills, age, gender, location, and other characteristics of British Columbia workers. Over 40 previous studies examining the energy/employment relationship were also reviewed. Based on this review and an analysis of the province's economic and labor conditions, the following conclusions are drawn. Investment in non-energy sectors offers better prospects for reducing unemployment than investment in the energy sector, whether for new supply or improving efficiency. Investments in the energy sector provide fewer jobs than investments in most other sectors of the economy. Among the available electricity supply options, large hydroelectric projects tend to produce the fewest jobs per investment dollar. Smaller thermal projects such as wood residue plants produce the most jobs. If and when more energy is needed in British Columbia, the most cost-effective combination of energy supply and efficiency options will also create the most jobs. Compared to traditional energy supply options, investments in energy efficiency would create about twice as many total jobs, create jobs that better match the skills of the province's unemployed and its population distribution, and create jobs that last longer on the average. Construction-related measures such as improved insulation tend to produce more jobs per investment dollar than the substitution of more energy-efficient equipment. 69 refs., 9 tabs

  17. 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.

  18. Foreign Direct Investment

    OpenAIRE

    Dr. Roshankumar M. Bhigania

    1997-01-01

    This paper argues that the liberalisation of foregin direct investment (FDI) has made labour costs more important to domestic investment and long-run labour demand. It provides evidence from British and German data that is consistent with this view. First, high unit labour costs increase FDI outflows and lower FDI inflows. Second, the effect of unit labour costs on domestic manufacturing investment was more negative in the high-FDI 1980s than in the low-FDI 1970s, and this change was concentr...

  19. 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.

  20. European Union Trade and Investment Relations Overseas

    OpenAIRE

    Ferreira Moreira, David

    2013-01-01

    Abstract This thesis analyses the European Union Trading and Investment Relationships Overseas using the most comprehensive available database and the scope of the existing multilateral and bilateral trade agreements. This study also demonstrates that institutional variables play an important role and this issue will be specifically explained throughout the case studies which will explain the business relations in textiles and apparel field, between European Union and the following three coun...

  1. Innovation investment area: Technology summary

    International Nuclear Information System (INIS)

    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 ampersand 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

  2. Advocating investments in information technology

    International Nuclear Information System (INIS)

    Information and communication systems can improve the timeliness and quality of decisions. These benefits are strategically important to the utility industry in an era of increasing competition. Because these systems often do not reduce labor cost, however, they can be difficult to evaluate. This report presents a new process for reaching consensus of the value of capital investment in information and communication systems. The results of this project is A Strategic Advocacy Process (ASAP), a methodology that can be used to evaluate investments in information technology. ASAP uses belief graphs to produce a living business case showing facts, assumptions, goals, and metrics for measuring progress toward those goals; shows how to use option pricing theory to quantify the value of managerial flexibility; ASAP uses an organizational impact assessment tool to identify the potential impact of new information systems and how to realize the benefits of managerial flexibility. The ASAP methodology addresses the critical problem of correctly valuing information and communication systems. The methodology offers a way to account for the ''intangible'' value of these systems by recognizing the managerial flexibility these systems can provide in addressing risks and uncovering new business opportunities. Metrics for measuring progress toward new goals can be defined, and plans for achieving the goals can be made. As a result, agreement can be reached on the uses, value, and priority of projects based on a metric other than on labor replacement savings

  3. 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.

  4. Chinese Investment in Italy

    Institute of Scientific and Technical Information of China (English)

    2008-01-01

    At the 12th China International Fair for Investment and Trade (CIFIT) held on September 8-11 in Xiamen, Fujian Province, government officials and entrepreneurs from all over the world canvassed Chinese entrepreneurs and investors to invest in their countries. Foreign countries and regions rented 16,000 square meters of exhibition space, an increase of more than 50 percent from last year. Among the 74 participating countries and regions, more than 50 held seminars about their invest- ment environments. Besides the Caribbean countries and underdeveloped African nations that are actively attracting investment, developed countries such as the Untied States, Germany, France, Italy and Sweden also showed extraordinary enthusiasm in trying to win over Chinese investors. Beijing Review interviewed Marinella Loddo, Director of the Industrial Cooperation Division of the Italian Institute for Foreign Trade which is also known as the Italian Trade Commission (ICE).

  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. Sustainable investment: Literature overview

    NARCIS (Netherlands)

    J. Weda; M. Kerste; N. Rosenboom

    2010-01-01

    Corporate Social Responsibility (CSR), or sustainability at the company level, entails incorporating ecological (environmental stakeholders) and social aspects (stakeholders other than shareholders and environmental stakeholders) when doing business. Socially Responsible Investment (SRI) concerns su

  7. 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.

  8. 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:

  9. 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.

  10. Lithuania : Investment Climate Assessment

    OpenAIRE

    World Bank, (WB)

    2005-01-01

    The World Bank undertook an investment climate assessment in Lithuania in 2004 as part of its efforts to support member countries through in-depth analysis of major microeconomic constraints in their business environments. Lithuania has made serious efforts in recent years to improve its investment climate. This report has attempted to capture as much as possible the achievements of those efforts as well as the shortcomings that remain. The general picture in 2004 was of impressively rapid pr...

  11. Investments of Uncertain Cost

    OpenAIRE

    Robert S. Pindyck

    1992-01-01

    I study irreversible investment decisions when projects take time to complete, and are subject to two types of uncertainty over the cost of completion. The first is technical uncertainty, i.e., uncertainty over the amount of time, effort, and materials that will ultimately be required to complete the project, and that is only resolved as the investment proceeds. The second is input cost uncertainty, i.e., uncertainty over the prices and quantities of labor and materials required, and which is...

  12. Share Prices and Investment

    OpenAIRE

    Michael Andersen; Robert Subbaraman

    1996-01-01

    In this paper we examine two related propositions: the efficiency of pricing of Australian shares and the influences of share prices on business investment. In line with similar studies overseas, we find that the Australian share market may deviate from efficient pricing over short time horizons but that there is little evidence of inefficiency over longer time horizons. To investigate the influence of share prices on investment decisions we use a simple model of real share prices to identify...

  13. 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). Chinese government policymakers and business leaders will be on hand at the

  14. The DMT's agreements

    International Nuclear Information System (INIS)

    This paper summarizes the numerous collaboration agreements signed by the Department of Mechanics and Technology (DMT) from the Direction of Nuclear Reactors (DRN) of the CEA with foreign research organisms and universities. (J.S.)

  15. 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...

  16. 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.

  17. International Fisheries Agreements

    DEFF Research Database (Denmark)

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

    2015-01-01

    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...... and stability of international fisheries agreements. A key message that emerges from this literature strand is that self-enforcing cooperative management of internationally shared fish stocks is generally difficult to achieve. Hence, the international legal framework and regulations play a decisive role...

  18. 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.

  19. AGREEMENTS CONCLUDED ELECTRONICALLY

    OpenAIRE

    Paul Popovici, József-Attila Forró

    2010-01-01

    The internet is not merely a means of communication but also an important instrument in operating commercial relations. The agreements concluded electronically have as legal frame the law nr. 365/2002 on electronic commerce. The present article outlines the main discussions generated by this type of agreements: pre-contractual obligation of information, time of conclusion, the relative nullity of contracts concluded by electronic means, the right to unilateral withdrawal of contract, long-dis...

  20. 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.

  1. Machinery Investment in Illinois: A Study Examining Existing Investment Motivations

    OpenAIRE

    Micheels, Eric T.; Katchova, Ani L.; Barry, Peter J.

    2004-01-01

    In this study, we attempt to prove some previously held ideas of machinery investment decisions using farm level data from Illinois. Investment decisions are analyzed taking into consideration past investment decisions in the county and on the individual farm. The results show there is a correlation between county level purchases and individual farm purchases and investment levels decrease the following year after an initial investment. These results display how non-traditional drivers for in...

  2. International petroleum agreements : Republic of Cuba

    International Nuclear Information System (INIS)

    Foreign investment in the oil and gas sector has had a profound impact on the development of crude oil production in Cuba. In 1982, in order to encourage economic development, the Cuban government adopted a form of Production Sharing Contract (PSC) for international petroleum agreements. In 1990, the first PSC was negotiated with a consortium of European companies. This was followed in 1992 through 1994 with companies from Canada, Europe and Latin America. Then in 1995, a more comprehensive foreign investment law was enacted to further encourage foreign investment in Cuba. Onshore and shallow water regions of Cuba were divided into 45 blocks, 19 of which were under licence in 2001. In addition, in 1999 the government of Cuba offered 53 blocks in the deep water zones of the Cuban sector of the Gulf of Mexico to foreign investment, of which 6 are already under licence. Most exploration for oil and gas since 1991 has been carried out by foreign companies. Crude oil production in 1991 totalled 11,000 bopd of heavy oil production from the north coast of Cuba. By 2001, domestic crude oil production increased to more than 50,000 bopd, mostly due to foreign investment in exploration and development. This paper described the model form for Cuban Production Sharing Contracts with reference to parties, rights granted, terms, relinquishments, minimum exploration commitments, discovery of hydrocarbons and recovery of petroleum operation expenses. The paper also discussed gross production, cost recovery for contractors, and sharing of profits with contractors and the state oil company, CubaPetroleo. 1 fig

  3. Essays in Investment Theory

    International Nuclear Information System (INIS)

    This thesis analyzes different aspects of the investment decision. In the first chapter, we consider an economy in which different energy sources may produce electricity. The model focuses first on the optimal use of a hydroelectric dam from which water can be extracted and which is supplied with a random water flow. The presence of constraints on a minimal and on a maximal storage capacity makes electricity consumption smoothing possible only when the quantity of water available to the agent lies in a certain range that we determine. In a second stage, we introduce a second energy source with unlimited supply at some exogenous cost. The marginal propensity to produce hydroelectricity is an increasing function of the second technology cost. The availability at a low cost of the alternative source improves thus time diversification. Finally, the optimal electric park is composed of a number of dams that is increasing with the cost of the second technology. Chapter 2 studies the decision of an investor who wants to undertake an irreversible investment when he has the choice between two mutually exclusive projects that present input price and/or output price uncertainty. We prove that the investor decides not to invest in any project when each investment generates the same payoff independently of its size. Therefore, some inaction region appears in which the investor prefers not to invest whereas an immediate investment would have been optimal if no choice had been available: a 'choice value' is thus created. A key feature of this bidimensional degree of uncertainty is thus that the payoff generated by each project is not a sufficient statistic to make a rational investment. In this context, our analysis provides a new motive for waiting to invest: the benefits associated with the dominance of one project over the other. In chapter 3, we study the investment decision problem of a duo-poly with price competition on a market of finite size driven by stochastic taste

  4. 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

  5. International Socially Responsible Investment Funds

    OpenAIRE

    Modestas Plakys

    2011-01-01

    The study deals with socially responsible investment funds as the type of investment funds universe. European and USA market for socially responsible investment funds is presented. The dynamics of assets under the management and number of these funds in the market are considered. The approaches for socially responsible investments are studied and reasons for increased interest in such investments are named. The main reasons why the global socially responsible funds become more and more popula...

  6. CAPITAL INVESTMENTS AND FINANCIAL PROFITABILITY

    OpenAIRE

    Suzana Baresa; Sinisa Bogdan; Zoran Ivanovic

    2016-01-01

    Economic life of achieving economic and financial effects of an investment opportunity presents the period in which selected investment option remains economically superior from the other alternative investment opportunity. Time period in which the investment project needs to prove its justification, presents an extremely critical factor in the profitability of the investment project, therefore, special attention must be paid to the assessment of the economic and financial time pe...

  7. Investment Climate Reform in Ukraine

    OpenAIRE

    Fortune, Peter

    2003-01-01

    The Ukraine must improve its investment climate at the regional and local level in order to achieve relatively large increases in economic growth. Estimates of cost of its poor investment climate suggest that the regulatory burden on business takes 14% of a manager's time each month. Changes in the investment climate could affect both foreign direct investment and local investment similarly. Because changes in regional leadership could lead to such gains being quickly lost, it is important fo...

  8. Developing country finance in a post-2020 global climate agreement

    Science.gov (United States)

    Hannam, Phillip M.; Liao, Zhenliang; Davis, Steven J.; Oppenheimer, Michael

    2015-11-01

    A central task for negotiators of the post-2020 global climate agreement is to construct a finance regime that supports low-carbon development in developing economies. As power sector investments between developing countries grow, the climate finance regime should incentivize the decarbonization of these major sources of finance by integrating them as a complement to the commitments of developed nations. The emergence of the Asian Infrastructure Investment Bank, South-South Cooperation Fund and other nascent institutions reveal the fissures that exist in rules and norms surrounding international finance in the power sector. Structuring the climate agreement in Paris to credit qualified finance from the developing world could have several advantages, including: (1) encouraging low-carbon cooperation between developing countries; (2) incentivizing emerging investors to prefer low-carbon investments; and (3) enabling more cost-effective attainment of national and global climate objectives. Failure to coordinate on standards now could hinder low-carbon development in the decades to come.

  9. Uranium agreements. Conditions considered fundamental for such agreements: Zambia, a case study

    International Nuclear Information System (INIS)

    In order to secure effective development of the uranium resources of foreign lands there is need for the Developed Nations to conclude equitable agreements with host governments, usually Developing Nations of the world. In the case of Developed Nations it is the desire for commodity for sale to secure the much needed foreign exchange. In both cases the need for a mutually profitable and acceptable agreement is necessary the terms depending on market and urgency of each party to secure supplies. Several factors are of major importance like the potential for the required mineral, the political environment especially peace and order inducing substantial foreign investment to explore and eventually exploit the mineral, the legislative framework and fiscal laws consistent for sustained investment. The terms and conditions of an agreement concluded should be such to give confidence, credibility and indeed an equitable standing to contracting parties to enable stable and fruitful development. The features of the Zambian contractual agreements are considered a model worth adopting, as proof of its success has been established

  10. 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.

  11. 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...

  12. Agreement on African Venture

    Institute of Scientific and Technical Information of China (English)

    2010-01-01

    Mining giant Rio Tinto and Chinese aluminum company Chalco say they are committed to an iron ore project in Guinea 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.

  13. 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...

  14. Contract agreements via logic

    Directory of Open Access Journals (Sweden)

    Massimo Bartoletti

    2013-10-01

    Full Text Available We relate two contract models: one based on event structures and game theory, and the other one based on logic. In particular, we show that the notions of agreement and winning strategies in the game-theoretic model are related to that of provability in the logical model.

  15. Features and Agreement

    CERN Document Server

    Bayer, S; Bayer, Sam; Johnson, Mark

    1995-01-01

    This paper compares the consistency-based account of agreement phenomena in `unification-based' grammars with an implication-based account based on a simple feature extension to Lambek Categorial Grammar (LCG). We show that the LCG treatment accounts for constructions that have been recognized as problematic for `unification-based' treatments.

  16. Analysis and prediction of amount of investments into fixed capital

    Directory of Open Access Journals (Sweden)

    Elena Borisovna Oleynik

    2012-03-01

    Full Text Available This paper analyzes the dynamics of macroeconomic indicators of Russia; its average indicators were analyzed, the absolute and relative indicators of the dynamics of investment into fixed assets during the period between 1999 and 2010 were calculated and analyzed. There was a trend to increase the level of depreciation of fixed assets, the necessity of large-scale investment at this stage; a prediction model of investments was proposed, a forecast of capital investments into the Russian Federation on the I-st quarter of 2011 was calculated, the structure of the sources of investments financing and structure of investments into fixed assets by economic activity was analyzed. Possible areas of investment activity in Russia were identified. The dynamics of the major socio-economic indicators in the Primorye territory for the same period of 1999-2010 was analyzed. Changes in the sectoral structure of investments were tracked, the dynamics of foreign investments into the economy of Primorsky territory for the reviewed period was analyzed, conducive factors to attract foreign investments into Primorye’s economy at present were identified.

  17. 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

  18. 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.

  19. 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…

  20. 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…

  1. 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

  2. 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...

  3. 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,

  4. 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.

  5. 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…

  6. 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

  7. 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.

  8. 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.

  9. 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...

  10. Investment opportunities as real options

    OpenAIRE

    Rovčanin, Adnan

    2005-01-01

    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 im...

  11. 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....... The methodology adopts the Sharpe ratio to establish the risk return relationship. Moreover, the Capital Asset Pricing Model (CAPM) and the Fama and French Three Factor model are used to test the hypotheses. The results indicate the underperformance of Swedish and Danish SRI funds relative to their conventional...... counterparts. In the case of Norway no statistical difference in return is found when conducting the three factor regression. The Scandinavian market is considered particularly relevant for the interest of the investors in SRI mutual funds. However, to the authors’ knowledge, this is the first study to present...

  12. 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...

  13. Invest In Karnataka

    Institute of Scientific and Technical Information of China (English)

    Guo Yan

    2009-01-01

    @@ The bilateral trade between India and China has crossed US$ 51 billion in 2008.China has become India's largest trading partner and there is still a lot of scope for promoting bilateral trade between two countries.Aiming at promoting the Global Invertots Meet to be held in Bangalore on 11-12 January,2010,"Invest in Karnataka-Global Investors meet 2010" was held on September 3,2009.

  14. 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.

  15. 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)

  16. 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.

  17. 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

  18. Investor perception towards small medium enterprises investment in Africa

    NARCIS (Netherlands)

    Aboah, J.; White, B.; Meuwissen, M.P.M.

    2015-01-01

    This study seeks to examine investor perceptions towards investing in SMEs in Africa. Data was collected via an online survey sent to investors on the Venture Capital for Africa (VC4Africa) platform. The Kendall’s coefficient of concordance was used to determine the degree of agreement among investo

  19. 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

  20. The Controversy over the Free-Trade Agreement TTIP

    OpenAIRE

    Philipp M. Richter; Greta F. Schäffer

    2014-01-01

    A short name is causing a lasting debate: TTIP [ti:t ]. Ever since the beginning of the negotiations in the summer of 2013, media coverage of the planned Transatlantic Trade and Investment Partnership between the EU and the US has contributed to a critical debate on the topic. In doing so, difficulties have arisen in differentiating factually substantiated arguments from one-sided statements. TTIP is a planned agreement on free trade and investment between the US and the EU, whose details are...

  1. Investment financing in cooperative firms

    Directory of Open Access Journals (Sweden)

    Gaetano Cuomo

    2015-04-01

    Full Text Available By general agreement, one of the main obstacles to the growth of producer cooperatives is difficult investment financing, due to inadequate Capitalisation levels and the resulting inability to lodge sufficient collateral with lenders. Moreover, worker-owned firms are considered not very reliable because they suffer from problems of moral hazard and insufficient commitment. Unfortunately, the literature on this issue is not extensive and has weaknesses that are highlighted in the paper. By means of its critical analysis, it is possible to provide evidence that the funding difficulties caused by the particular structure of cooperative firms can be effectively tackled by creating an institutional framework within which cooperatives would be offered a wider range of organizational options comparable to those open to traditional enterprises. Finally, it is proved that the willingness of the members to fund the operations of their cooperative with loan capital may not be enough to mobilize external credit. For member financings to persuade potential providers of funds to place trust in a firm, third-party claims must necessarily qualify as senior debt and be repaid before the claims of the partners are settled.

  2. Optimal diversity in investments with recombinant innovation

    OpenAIRE

    Bergh, van den, J.C.J.M.; Zeppini-Rossi, Paolo

    2008-01-01

    The notion of dynamic, endogenous diversity and its role in theories of investment and technological innovation is addressed. We develop a formal model of an innovation arising from the combination of two existing modules with the objective to optimize the net benefits of diversity. The model takes into account increasing returns to scale and the effect of different dimensions of diversity on the probability of emergence of a third option. We obtain analytical solutions describing the dynamic...

  3. [Several problems concerning population investment].

    Science.gov (United States)

    Liu, Z

    1982-07-29

    Population investment is a major topic in the studies of population and economic relations. In this particular area, numerous theoretical and practical problems are still in need of solution. Concerning the problem of population concept, there are three different approaches: (1) to determine the definition of population investment from the relationship between the population growth and the capital from national income used for investment, including investment in the newly increased population and investment in the entire population; (2) to explain population investment from the economic viewpoint that people are producers; and (3) to explain population investment from the expense needed to change a simple labor force to a skillful labor force. The expenses include educational costs, maintanance spending, wages needed to compensate workers in labor, costs for workers to master and learn modern scientific techniques to be used for production, and the costs of keeping a young labor force in the next generation.

  4. 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.

  5. 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.

  6. Female Media Use Behavior and Agreement with Publicly Promoted Agenda-Specific Health Messages

    Directory of Open Access Journals (Sweden)

    Shu-Yu Lyu

    2014-12-01

    Full Text Available This study set out to explore the relationship between female media use behavior and agreement with agenda-specific publicly promoted health messages. A random digit dial telephone cross-sectional survey was conducted using a nationally representative sample of female residents aged 25 and over. Respondents’ agreement with health messages was measured by a six-item Health Information Scale (HIS. Data were analyzed using chi-square tests and multiple logistic regression. This survey achieved a response rate of 86% (n = 1074. In this study the longest duration of daily television news watching (OR = 2.32, high self-efficacy (OR = 1.56, and greater attention to medical and health news (OR = 5.41 were all correlates of greater agreement with the selected health messages. Surprisingly, Internet use was not significant in the final model. Many women that public health interventions need to be targeting are not receptive to health information that can be accessed through Internet searches. However, they may be more readily targeted by television campaigns. Agenda-specific public health campaigns aiming to empower women to serve as nodes of information transmission and achieve efficient trickle down through the family unit might do better to invest more heavily in television promotion.

  7. 13 CFR 301.4 - Investment rates.

    Science.gov (United States)

    2010-01-01

    ... 13 Business Credit and Assistance 1 2010-01-01 2010-01-01 false Investment rates. 301.4 Section... ELIGIBILITY, INVESTMENT RATE AND PROPOSAL AND APPLICATION REQUIREMENTS Investment Rates and Matching Share Requirements § 301.4 Investment rates. (a) Minimum Investment Rate. There is no minimum Investment Rate for...

  8. 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...

  9. 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...

  10. 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.

  11. 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.

  12. Seismic contracts and agreements

    International Nuclear Information System (INIS)

    Some points to consider regarding management of seismic projects within the Canadian petroleum industry were reviewed. Seismic projects involve the integration of many services. This paper focused on user-provider relationships, the project planning process, competitive bid considerations, the types of agreement used for seismic and their implications, and the impact that certain points of control may have on a company: (1) initial estimate versus actual cost, (2) liability, (3) safety and operational performance, and (4) quality of deliverables. The objective is to drive home the point that in today's environment where companies are forming, merging, or collapsing on a weekly basis , chain of command and accountability are issues that can no longer be dealt with casually. Companies must form business relationships with service providers with a full knowledge of benefits and liabilities of the style of relationship they choose. Diligent and proactive management tends to optimize cost, safety and liability issues, all of which have a bearing on the points of control available to the company

  13. 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.

  14. VHA Data Sharing Agreement Repository

    Data.gov (United States)

    Department of Veterans Affairs — The VHA Data Sharing Agreement Repository serves as a centralized location to collect and report on agreements that share VHA data with entities outside of VA. It...

  15. THE TPP AND TTIP TRADE AGREEMENTS: THE INTERNATIONAL NEGOTIATION PROCESS

    Directory of Open Access Journals (Sweden)

    Ioana GUTU

    2016-03-01

    Full Text Available Free trade is one of the ultimate purposes of the free trade agreements currently negotiated over the world. Two of these trials are represented by the Trans-Pacific Partnership (TPP and the Transatlantic Trade and Investment Partnership (TTIP. The common feature of these two trade deals is represented by the United States, a global actor that is making sure that it will be able to trade in best conditions on both of its geographical shores: on the Pacific and on The Atlantic. The negotiations are still ongoing, but results are expected on both sides. An important issue for the third parties, but not only, is represented by the secrecy of the negotiations undertaken and the lack of transparency shown by the negotiating Governments. If the agreements are concluded, a major global impact on trade and investments is expected, with significant positive implications for the TPP and TTIP negotiating states.

  16. International Socially Responsible Investment Funds

    Directory of Open Access Journals (Sweden)

    Modestas Plakys

    2011-04-01

    Full Text Available The study deals with socially responsible investment funds as the type of investment funds universe. European and USA market for socially responsible investment funds is presented. The dynamics of assets under the management and number of these funds in the market are considered. The approaches for socially responsible investments are studied and reasons for increased interest in such investments are named. The main reasons why the global socially responsible funds become more and more popular are: an increase of interest of community in socially responsible companies, in problems regarding climate and environment changes, in government attitude towards alternative energy and investments of private and public pension funds.Article in Lithuanian

  17. 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....

  18. FISCAL RULES AND PUBLIC INVESTMENT

    OpenAIRE

    Perée, Eric; Välilä, Timo

    2005-01-01

    This paper examines the link between fiscal rules and public investment both normatively and empirically. We first review the arguments for and against including public investment spending in a fiscal deficit rule. We then seek to assess the determinants of public investment, with a special focus on the role of the fiscal rules embodied in EMU. We conclude that there are practical difficulties precluding the introduction of a 'golden rule' and that there is virtually no evidence that EMU woul...

  19. Fiscal Policy, Profits, and Investment

    OpenAIRE

    Schiantarelli, Fabio; Perotti, Roberto; Ardagna, Silvia; Alesina, Alberto

    2002-01-01

    This paper evaluates the effects of fiscal policy on investment using a panel of OECD countries. In particular, we investigate how different types of fiscal policy affect profits and , as a result, investment. We find a sizable negative effect of public spending -- and in particular of its public wage component -- on business investment. This result is consistent with models in which government employment creates wage pressure for the private sector. Various types of taxes also have negative ...

  20. Investing in Georgia? Starting Small

    Institute of Scientific and Technical Information of China (English)

    Guo Liqin

    2009-01-01

    @@ "The whole business of the United States is to develop business" said Tim TingKang Xia,Ph.D and Attorney at Law.He used this statement at the "Investment in Georgia" Trade and Investment Seminar held on August 20 and hosted by CCP1T to help Chinese enterprises that want to invest in the state of Georgia in the United States.However,with the current prevailing trade protectionism and "Buy America" trend,is this really the case?

  1. FDI Outflows and Domestic Investment

    OpenAIRE

    Dasgupta, Nandita

    2016-01-01

    The recent phenomenon of rising outward foreign direct investment (OFDI) flows has raised serious policy concerns about its effects on the domestic investment and capital formation in the countries of origin of such FDI flows. Does OFDI stimulate domestic investment or does it crowd it out? The concern arises because OFDI activities could shift not only some of the production activities from home to foreign destinations but also could possibly threaten the availability of scarce financial res...

  2. Charity ethical investment in Norway

    OpenAIRE

    Kreander, Niklas; Beattie, Vivien; McPhail, Ken

    2010-01-01

    The charity and voluntary sector in Norway is substantial (Sivesind, 2007). Yet we know of no academic research which focuses on charity ethical investment in Norway. We have examined charity ethical investment policies and how these policies relate to the aims of charitable organisations. We survey large Norwegian charities using a postal questionnaire and semi structured interviews. The findings show that few charities publish an ethical investment policy, and it is often lim...

  3. Competitive Capacity Investment under Uncertainty

    OpenAIRE

    Li, Xishu; Zuidwijk, Rob; Koster, René; Dekker, Rommert

    2016-01-01

    textabstractWe consider a long-term capacity investment problem in a competitive market under demand uncertainty. Two firms move sequentially in the competition and a firm’s capacity decision interacts with the other firm’s current and future capacity. Throughout the investment race, a firm can either choose to plan its investments proactively, taking into account possible responses from the other firm, or decide to respond reactively to the competition. In both cases, the optimal decision at...

  4. Estimating the CDM market under the Bonn Agreement

    OpenAIRE

    Jotzo, Frank; Michaelowa, Axel

    2001-01-01

    We analyse the impact of the agreement on implementation of the Kyoto Protocol achieved at COP6bis in Bonn in July 2001 on investment in greenhouse gas emission reduction projects in developing countries through the Clean Development Mechanism (CDM). The required actual emission reductions for participating Annex B countries overall will be relatively small, as the United States do not intend to ratify the Protocol and significant amounts of carbon sequestered in domestic sinks will be credit...

  5. Fire and EMS Districts, Districts deliniated by agreement between the Emergency Management Agency and fire departments., Published in 2008, 1:1200 (1in=100ft) scale, Noble County Government.

    Data.gov (United States)

    NSGIC GIS Inventory (aka Ramona) — This Fire and EMS Districts dataset, published at 1:1200 (1in=100ft) scale, was produced all or in part from Hardcopy Maps information as of 2008. It is described...

  6. Predicting word sense annotation agreement

    DEFF Research Database (Denmark)

    Martinez Alonso, Hector; Johannsen, Anders Trærup; Lopez de Lacalle, Oier;

    2015-01-01

    High agreement is a common objective when annotating data for word senses. However, a number of factors make perfect agreement impossible, e.g. the limitations of the sense inventories, the difficulty of the examples or the interpretation preferences of the annotations. Estimating potential...... agreement is thus a relevant task to supplement the evaluation of sense annotations. In this article we propose two methods to predict agreement on word-annotation instances. We experiment with a continuous representation and a three-way discretization of observed agreement. In spite of the difficulty...

  7. 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.

  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. Cogeneration – Investment dilemma

    International Nuclear Information System (INIS)

    Energy companies face several crucial investment dilemmas in the liberalized energy market. These are: the availability of energy sources, feed-in tariffs, market positioning and consumer satisfaction. Research analyzes profitability of the Cogeneration (Combined Heat and Power, CHP) project in the city of Rijeka. The CHP is designed to provide district heating for the University campus, the Hospital and active private consumers of district heating, and bring about further sales of electricity. Revitalization of the CHP project comprises necessary adaptive actions in the distribution power system but also real time monitoring, which enables the CHP island operation, with uninterrupted electric and thermal energy supply of critical consumers (e.g. hospital) in case of a serious disturbance. Results indicate the project profitability under several conditions: non-government regulation for heating price, feed-in tariffs and guaranteed sale of electricity together with added value from automatic control system (ACS)–island operation.

  10. 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.

  11. Incentive Problems and Investment Timing Options

    OpenAIRE

    Antle, Rick; Bogetoft, Peter; Stark, Andrew W.

    2001-01-01

    We characterize optimal investment and compensation strategies in a model of an investment opportunity with managerial incentive problems, caused by asymmetric information over investment costs and the manager's desire to consume slack, and flexibility over the timing of its acceptance. The flexibility over timing consists of the opportunity to invest immediately, delay investment for one period, or not invest at all. The timing option provides an opportunity to invest when circumstances are ...

  12. Some Business Cycle Consequences of Trade Agreements: Th e Case of the North American Free Trade Agreement

    OpenAIRE

    Bejan, Maria

    2007-01-01

    This paper investigates the effects of signing a trade agreement on the correlations of the business cycle fluctuations of consumption, investment and output between two countries. We construct an international business cycle model with trade costs and we calibrate it to the United States and Mexico in order to estimate the impact of NAFTA on their co-movements. Although there exist some discrepancies between the theory and data in the degree of correlation, the direction of change correspond...

  13. 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.

  14. 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.

  15. 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

  16. 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.

  17. Investment opportunities with YPFB capitalization

    International Nuclear Information System (INIS)

    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

  18. CAPITAL INVESTMENTS AND FINANCIAL PROFITABILITY

    Directory of Open Access Journals (Sweden)

    Suzana Baresa

    2016-06-01

    Full Text Available Economic life of achieving economic and financial effects of an investment opportunity presents the period in which selected investment option remains economically superior from the other alternative investment opportunity. Time period in which the investment project needs to prove its justification, presents an extremely critical factor in the profitability of the investment project, therefore, special attention must be paid to the assessment of the economic and financial time period. The aim of this study was to prove that critical factor in achieving profitability is in direct relation with economic or financial life. The results which arise from this study suggest on the fact that during analysis investor must determine financial life to achieve economic and financial effects of capital investment, because the length of the economic life does not have to match the profitability or with financial efficiency, and that is not appreciated sufficiently in practice. This paper presents examples of calculating the financial profitability of capital investment, using the residual value, ie the discounted residual value and the results of empirical studies that show the difference in preference of life effectuation of capital investment between theoreticians and practitioners in the field of capital budgeting.

  19. Competitive Capacity Investment under Uncertainty

    NARCIS (Netherlands)

    X. Li (Xishu); R.A. Zuidwijk (Rob); M.B.M. de Koster (René); R. Dekker (Rommert)

    2016-01-01

    textabstractWe consider a long-term capacity investment problem in a competitive market under demand uncertainty. Two firms move sequentially in the competition and a firm’s capacity decision interacts with the other firm’s current and future capacity. Throughout the investment race, a firm can eith

  20. 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.

  1. 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.

  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. Agreements at the Pharmaceutical/University Interface.

    Science.gov (United States)

    Ku, Katherine

    1987-01-01

    Specific agreements that arise at the interface between universities and pharmaceutical companies are described including sponsored research agreements, license agreements, clinical study agreements, material transfer agreements, and patient consent forms with respect to commercialization rights. (Author/MLW)

  10. 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...

  11. 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.

  12. Public private co-operation in urban regeneration investment planning

    DEFF Research Database (Denmark)

    Jensen, Jesper Ole; Larsen, Jacob Norvig

    . Previous research shows that area-based urban regeneration generates immense private investments, primarily from local property owners, but also from external developers. For the latter, external private investments can enable large and strategic investments that contributes positively to the urban...... involved, to negotiate with private as well as public parts, and - most importantly - to 'sell' the project to the right investors. Hence, there are several reasons for the public planners to increase the engagements with private developers in the urban regeneration. Compared to international research...... on private investments in the urban re-generation (Adair et al, 2007; Nappi-Choulet, 2006; Guy & Henneberry, 2004), we argue for more focus on the institutional context's role for attracting small-scale investors to the urban renewal. We propose that a lack of institutionalised information channels, boundary...

  13. 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.

  14. 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

  15. 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.

  16. The Transatlantic Trade and Investment Partnership - A View from America's Trenches

    OpenAIRE

    Bledowski Krzysztof

    2014-01-01

    Expectations run high about the cornucopia of riches which are supposed to fow from the Transatlantic Trade and Investment Partnership (TTIP). TTIP is a proposed free trade agreement between the United States and the European Union. It aims to build upon the already sweeping scope of the North American Free Trade Agreement concluded two decades earlier and the 2013 Comprehensive Economic and Trade Agreement (CETA), which removes 99 % of tariffs between the EU and Canada.1 Te TTIP negotiations...

  17. 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

  18. 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.

  19. When to invest in carbon capture and storage technology: A mathematical model

    International Nuclear Information System (INIS)

    We present two models of the optimal investment decision in carbon capture and storage technology (CCS)—one where the carbon price is deterministic (based on the newly introduced carbon floor price in Great Britain) and one where the carbon price is stochastic (based on the ETS permit price in the rest of Europe). A novel feature of this work is that in both models investment costs are time dependent which adds an extra dimension to the decision problem. Our deterministic model allows for quite general dependence on carbon price and consideration of time to build and simple calculus techniques determine the optimal time to invest. We then analyse the effect of carbon price volatility on the optimal investment decision by solving a Bellman equation with an infinite planning horizon. We find that increasing the carbon price volatility increases the critical investment threshold and that adoption of this technology is not optimal at current prices, in agreement with other works. However reducing carbon price volatility by switching from carbon permits to taxes or by introducing a carbon floor as in Great Britain would accelerate the adoption of carbon abatement technologies such as CCS. - Highlights: • Analytic solution for the critical ETS permit price for optimal investment in CCS • Solution for the optimal time for investment in CCS in GB subject to carbon floor • Time varying investment cost included • Not optimal to invest at current ETS prices • ETS permit price volatility increases the optimal investment threshold

  20. 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...

  1. Cooperative investment in wind turbines

    International Nuclear Information System (INIS)

    Two fiscal options to invest in wind turbines are available in the Netherlands for enterprises: the EIA (energy investment deduction) and the VAMIL (random debit of environmental investments). Non-profit organizations (in this case, e.g. private persons, foundations, associations) can make use of the subsidy EINP (energy supply in non-profit and other special sectors). Attention is paid to the use of the fore-mentioned legal forms, while there are other, more advantageous forms, that can be used to start a cooperative to set up a wind farm

  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. INFRASTRUCTURE INVESTMENTS AND ECONOMIC DEVELOPMENT

    Directory of Open Access Journals (Sweden)

    Ewelina Kochaniak

    2016-03-01

    Full Text Available Economic development of the country brings an increasing standard of living, increasing production capacity and also bigger public safety. Economic development also causes changes in the structure of Gross Domestic Product as well as changes in the structure of employment. Regarding the fact that the economic development is a longtime process of changes that happen in economy and refers to both quantitative and qualitative changes it should be stimulated by proper investments. The aim of this article is to present a role of infrastructure investments in economic development. The concept of economic development, infrastructure investments and their mutual influence is presented.

  4. 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.

  5. 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."

  6. 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.

  7. Recognition of Contracts as Investments in International Investment Arbitration

    OpenAIRE

    ZIVKOVIC, Velimir

    2012-01-01

    The issue of recognition of contractual rights as protected investments in international investment arbitration, primarily under the auspices of ICSID, has sparked divergent approaches in case law. Treatment of certain contracts and the criteria used differ, which leads to unwelcome consequence of lowering legal certainty in a very sensitive issue. The aim of this paper is to contribute to enhancement and clarification of legal reasoning in this area, with a special focus on the criteria to b...

  8. Semantic Cache Investment: Adaption of Cache Investment for DASCOSA

    OpenAIRE

    Beiske, Konrad Giæver; Bjørndalen, Jan

    2009-01-01

    Semantic cache and distribution introduce new obstacles to how we use cache in query processing in databases. We have adapted a caching strategy called cache investment to work in a peer-to-peer database with semantic cache. Cache investment is a technique that influences the query optimizer without changing it. It suggests cache candidates based on knowledge about queries executed in the past. These queries are not only limited to the local site, but also detects locality in queries by looki...

  9. State support of regional investment projects

    OpenAIRE

    Skopin Aleksey Olegovich

    2012-01-01

    The author provides an overview of the regulatory framework in the field of public support (at the federal level and at federation) regional investment projects in the form of capital investment. Marks a significant role in co-financing of regional investment projects Investment Fund of Russia, shows the role of regional investment funds, as a new instrument of government support for regional investment projects.

  10. Features of investment between Ukraine and Germany

    Directory of Open Access Journals (Sweden)

    Pylypchuk N. Yu.

    2015-05-01

    Full Text Available The article is devoted to the research of development investment between Ukraine and Germany. Based on the analysis of the dynamics of investment, revealed factors that negatively and positive impact on the investment relations and foreign investments moving from Germany to Ukraine and vice versa. Grounded recommendations and prospects for improving cooperation and improving the investment climate in Ukraine. Implementation of these measures will help to attract investment, increase production and profitability of enterprises.

  11. 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.

  12. Report on the Participation of Argentina (Agreement Holder) in the ''Small-Scale Indigenous Production of Mo-99 Using LEU Targets Or Neutron Activation'' Coordinated Research Project [Country report: Argentina

    International Nuclear Information System (INIS)

    Argentina’s National Atomic Energy Commission (CNEA) began a program for radioisotope production in the early ’50s. With the construction and starting-up of the RA-3 reactor in 1967, the first irradiations of different targets were performed, leading to commercial production of several radioisotopes for nuclear medicine. Argentina, through its CNEA, has participated in the CRP from the very beginning, attending the July 2003 meeting of consultants. During that first meeting, Argentine activities related to 99Mo production were presented and discussed the advantages of establishing a CRP, the Agency role and contract and agreement holders’ roles. Argentina established its position of being able to transfer the technology for producing 99Mo from LEU targets on commercial basis. Because of this situation, contract holders decided to accept the modified Cintichem technology, offered by the USA representatives with no cost for the receivers, employing uranium metal foil targets. With this scenario, participation of CNEA in the CRP finally was limited to being an adviser for receiving countries

  13. 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.

  14. 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).

  15. Tariff structure and investment location: Peru in the 1990s

    OpenAIRE

    González-Vigil, Fernando

    2014-01-01

    This article analyzes the effects of trade policy on the patterns of location of foreign direct investment (FDI) by country and sector. Particular attention is paid to FDI in manufactures, for which the market size is a very important locational factor, and therefore, so too is the preferential access to enlarged markets provided by trade agreements. Hence this article compares the performance of Peru in this field with those of its partners in the Andean Community of Nations (CAN), especiall...

  16. 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.

  17. 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.

  18. 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.

  19. Mudaravila kinnistu arendajaks Alvarelli Invest

    Index Scriptorium Estoniae

    2007-01-01

    Pärnu mudaravila kinnistu 50-aastasest hoonestusõigusest oli huvitatud Andres Tiigi firma Alvarelli Invest. Firma peab 2009. a. suveks vana mudaravila restaureerima ja rajama sellele mere poole juurdeehitise

  20. 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.

  1. 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.

  2. 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...

  3. INVESTMENT BEHAVIOR AND ENERGY CONSERVATION

    OpenAIRE

    LaDue, Eddy L.; Miller, Lynn H.; Kwiatkowski, Joseph H.

    1990-01-01

    Binary logit and bivariate probit models were used to investigate the investment behavior of farmers relative to two energy-conserving assets, heat-recovery systems and precoolers. The bivariate probit procedure was useful in correcting for self-selectivity bias. Holdout samples and cross-validation procedures were used to develop true model statistics. Farm size, educational level of the operator, and the type of milking system in use were the important factors influencing investment behavior.

  4. Net neutrality and investment incentives

    OpenAIRE

    Choi, Jay Pil; Kim, Byung-Cheol

    2008-01-01

    This paper analyzes the effects of net neutrality regulation on investment incentives for Internet service providers (ISPs) and content providers (CPs), and their implications for social welfare. We show that the ISP's decision on the introduction of discrimination across content depends on a potential trade-off between network access fee and the revenue from the trade of the first-priority. Concerning the ISP's investment incentives, we find that capacity expansion affects the sale price of ...

  5. Law and Investment in Africa

    OpenAIRE

    Simplice A, Asongu

    2011-01-01

    Contrary to mainstream consensus on the dominance of English common law countries in investment prospects, this paper sets a new tone in the legal origins debate by providing empirical validity on the dominance of French civil-law countries in private investment. The assessment is based on 38 African countries for the period 1996-2007. The law mechanisms of regulation quality and rule of law are used to investigate how legal origins (French, English, French sub-Saharan, Portuguese and North A...

  6. Economic Instability and Aggregate Investment

    OpenAIRE

    Robert S. Pindyck; Solimano, Andres

    1993-01-01

    Recent literature suggests that because investment expenditures are irreversible and can be delayed, they may be highly sensitive to uncertainty. The authors briefly summarize the theory, stressing its empirical implications. Then, using cross-section and time-series data for a set of developing and industrial countries, they explore the empirical relevance of irreversibility and uncertainty to aggregate investment. They find that: (a) the volatility of the marginal profitability of capital (...

  7. Uncertainty, investment, and industry evolution

    OpenAIRE

    Caballero, Ricardo J; Robert S. Pindyck

    1992-01-01

    We study the effects of aggregate and idiosyncratic uncertainty on the entry of firms, total investment, and prices in a competitive industry with irreversible investment. We first use standard dynamic programming methods to determine firms' entry decisions, and we describe the resulting industry equilibrium and its characteristics, emphasizing the effects of different sources of uncertainty. We then show how the conditional distribution of prices can be used as an alternative means of determ...

  8. Sustainable Markets Investment Briefings: Overview

    Energy Technology Data Exchange (ETDEWEB)

    Cotula, Lorenzo

    2007-08-15

    This is the first 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 1 provides a general overview of key issues.

  9. Essays on Islamic equity investing

    OpenAIRE

    Adamsson, Hampus

    2015-01-01

    Islamic finance is rapidly gaining momentum around the world. Interpretations of Shari’ah, or Islamic law, state that investments must be free from elements of riba (interest), gharar (uncertainty), maysir (speculation) and haram (unethical) business activities. Islamic equity investing, therefore, utilizes a set of business activity screens and accounting-based screens to exclude firms considered non-permissible under Shari’ah. Despite increased academic interest, there is still much uncerta...

  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. A Computable General Equilibrium Analysis of Transatlantic Trade and Investment Partnership and Trans-Pacific Partnership on Chinese Economy

    OpenAIRE

    Buhara Aslan; Merve Mavus Kutuk; Arif Oduncu

    2015-01-01

    As a result of deadlocked multilateral trade negotiations, many countries have commenced to establish bilateral and regional trade agreements. Among those agreements the Transatlantic Trade and Investment Partnership (TTIP) and Trans-Pacific Partnership (TPP) are agreements with members from across the Atlantic and the Pacific respectively. This study focuses on the impacts of these agreements on Chinese economy under three scenarios by using the Global Trade Analysis Project database and a c...

  12. 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.

  13. Federal Facility Agreement progress report

    Energy Technology Data Exchange (ETDEWEB)

    1993-10-01

    The (SRS) Federal Facility Agreement (FFA) was made effective by the US. Environmental Protection Agency Region IV (EPA) on August 16, 1993. To meet the reporting requirements in Section XXV of the Agreement, the FFA Progress Report was developed. The FFA Progress Report is the first of a series of quarterly progress reports to be prepared by the SRS. As such this report describes the information and action taken to September 30, 1993 on the SRS units identified for investigation and remediation in the Agreement. This includes; rubble pits, runoff basins, retention basin, seepage basin, burning pits, H-Area Tank 16, and spill areas.

  14. Federal Facility Agreement progress report

    International Nuclear Information System (INIS)

    The (SRS) Federal Facility Agreement (FFA) was made effective by the US. Environmental Protection Agency Region IV (EPA) on August 16, 1993. To meet the reporting requirements in Section XXV of the Agreement, the FFA Progress Report was developed. The FFA Progress Report is the first of a series of quarterly progress reports to be prepared by the SRS. As such this report describes the information and action taken to September 30, 1993 on the SRS units identified for investigation and remediation in the Agreement. This includes; rubble pits, runoff basins, retention basin, seepage basin, burning pits, H-Area Tank 16, and spill areas

  15. 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...

  16. Investment Frictions and the Relative Price of Investment Goods in an Open Economy Model

    OpenAIRE

    Parantap Basu; Christoph Thoenissen

    2007-01-01

    Is the relative price of investment goods a good proxy for investment frictions? We analyze investment frictions in an open economy, flexible price, two-country model and show that when the relative price of investment goods is endogenously determined in such a model, the relative price of investment can actually rise in response to a reduction in investment frictions. Only when the model is driven by TFP shocks do we observe a data congruent negative correlation between investment and the re...

  17. 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. PMID:19608511

  18. International trade agreements, environmental policy, and relocation of production

    International Nuclear Information System (INIS)

    This paper studies the influence of free trade agreements on national environmental policies and location strategies of polluting firms. It is shown that banning export subsidies makes relocation of production more attractive for firms. When export subsidies are banned relocation is profitable because: (1) the rival firm reduces output due to more stringent emission regulation in the host country of the investment and (2) relocation leads to lower emission tax rate in the original home country of the investing firm. When export subsidies are used, the first effect is absent because the host government is able to use the export subsidy to compensate the negative effect of more stringent emission taxation on domestic shareholders. (author)

  19. Fuzzy Real Investment Valuation Model for Giga-Investments, and a Note on Giga-Investment Lifecycle and Valuation

    OpenAIRE

    Collan, Mikael

    2004-01-01

    Very large industrial real investments are different from financial investments and from small real investments, even so, their profitability is commonly valued with the same methods. A definition of a group of very large industrial real investments is made, by requiring three common characteristics. The decision support needs arising from these characteristics are discussed and a summary of existing methods to value and to provide decision support for large industrial investments is presente...

  20. 12 CFR 615.5132 - Investment purposes.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 6 2010-01-01 2010-01-01 false Investment purposes. 615.5132 Section 615.5132... 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...

  1. 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....

  2. 31 CFR 537.311 - New investment.

    Science.gov (United States)

    2010-07-01

    ... 31 Money and Finance: Treasury 3 2010-07-01 2010-07-01 false New investment. 537.311 Section 537....311 New investment. (a) The term new investment means any of the following activities if such activity... located in Burma, without regard to the form of the participation. (b) The term new investment shall...

  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. 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.

  5. 12 CFR 1.8 - Nonconforming investments.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 1 2010-01-01 2010-01-01 false Nonconforming investments. 1.8 Section 1.8 Banks and Banking COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY INVESTMENT SECURITIES § 1.8 Nonconforming investments. (a) A national bank's investment in securities that no longer conform to this...

  6. 12 CFR 703.14 - Permissible investments.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 6 2010-01-01 2010-01-01 false Permissible investments. 703.14 Section 703.14 Banks and Banking NATIONAL CREDIT UNION ADMINISTRATION REGULATIONS AFFECTING CREDIT UNIONS INVESTMENT AND DEPOSIT ACTIVITIES § 703.14 Permissible investments. (a) Variable rate investment. A...

  7. 17 CFR 256.124 - Other investments.

    Science.gov (United States)

    2010-04-01

    ... COMPANY ACT OF 1935 2. Investments § 256.124 Other investments. This account shall include the cost or current value of investments, whichever is less, in securities, club memberships, associations, life... 17 Commodity and Securities Exchanges 3 2010-04-01 2010-04-01 false Other investments....

  8. Cost-benefit assessment of energy efficiency investments: Accounting for future resources, savings and risks in the Australian residential sector

    International Nuclear Information System (INIS)

    This article focuses on the impact of the discount rate on cost-benefit assessment of investment options for residential building efficiency. An integrated thermal modeling, life cycle costing approach is applied to an extensive sample of dominant house designs for Australian conditions. The relative significance of predicted thermal performance and the applied discount rate on the Present Value of energy savings from alternative investment scenarios is investigated. Costs and benefits are also evaluated at the economy-wide scale, including carbon pricing considerations, and for a test-case household faced with alternative investment options at the point of construction. The influence of the applied discount rate on produced cost-benefit calculations is investigated, as is the interaction between critical cost-benefit input parameters. Findings support that the discounting framework is the primary driver of difference in estimates about costs and benefits of higher standards of efficiency in the residential sector. Results demonstrate that agreement on a low discount rate based on sustainability principals would prioritise those projects with significant environmental benefits. - Highlights: ► High thermal efficiency is a key strategy to limit energy use in buildings. ► Integrated thermal modeling—life-cycle costing methods are applied to dominant house designs. ► The discounting framework is the primary driver of difference in observed costs. ► The selection of optimal performance investment options depends on the discount rate. ► Application of a discount rate of 3.5% or lower favours energy saving projects

  9. Japanese investment in Peru: Latin American strategies and investment platforms

    OpenAIRE

    Kamiya, Marco

    2014-01-01

    Against the Peruvians expectations, in the 90s there has not been a massive Japanese private investment. In this work, the author explains this matter, and shows that Japanese Foreign Direct lnvestment in Peru was substantial in his beginnings, in the 60s and 70s, and might be entering lo a future stage of strengthening, depending on the policies applied by Peru and the Japanese strategy centered on the platforms of investment and export. For a promotion policy, is highlighted the necessity t...

  10. Go Big or Go Home: Priorities for the Canada-EU Economic and Trade Agreement

    OpenAIRE

    Daniel Schwanen

    2011-01-01

    A comprehensive economic and trade agreement (CETA) between Canada and the European Union (EU) is both desirable and possible. For Canada, an agreement with the EU is a strategic opportunity to significantly diversify the market for its high-value-added goods, services and skills, to increase the attractiveness of its economy for investors, and to make a statement that it is ready to engage with other important trade partners on reducing barriers to mutually beneficial trade and investment. T...

  11. 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

  12. Survey on Current Conditions of and Intention for Outbound Investment by Chinese Enterprises [Part Ⅱ

    Institute of Scientific and Technical Information of China (English)

    2009-01-01

    @@ China Council for the Promotion of International Trade (April,2009) Executive Summary After two preliminary trials in 2005 and 2006,China Council for the Promotion of International Trade (CCPIT) conducted the "Survey on Current Conditions of and Intention for Outbound Investment by Chinese Enterprises" from December of 2008 to February of 2009.We standardized the samples and enlarged the scale to present an in-depth landscape of the current conditions of and intention for outbound investment by Chinese enterprises as China adopts the "Going Global" strategy to encouragc outbound investment,and the development of outbound investment by comparing the resuits of this survey and the previous two surveys.

  13. 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.

  14. Retrospectives: John Maynard Keynes, Investment Innovator

    OpenAIRE

    David Chambers; Elroy Dimson

    2013-01-01

    John Maynard Keynes made a major contribution to the development of professional investment management. Based on detailed archival research at King's College, Cambridge, we describe Keynes' investment philosophy, his investment performance, and the evolution of his investment approach as the manager of a large educational endowment. His portfolios were actively managed and unconventional. He was an investment innovator both in making a substantial allocation to the then new institutional asse...

  15. 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.

  16. Hedge Fund Investments: Risk Management Perspectives

    OpenAIRE

    Financial Systems and Bank Examination Department

    2007-01-01

    Hedge funds in Japan have recently been attracting more capital from institutional investors, including financial institutions. This paper highlights the relevant risk management issues for hedge fund investments. An investor investing in hedge funds requires a different risk management procedure from the investor investing in traditional securities. This is because the investor is actually investing in the hedge fund managers' investment skills and needs to monitor multiple entities involved...

  17. 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 c...... 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....

  18. Scheduling of interstate road and railway investments

    OpenAIRE

    Rothengatter, W.

    1986-01-01

    If investment activities are restricted by binding budget constraints, it may be even more important to find a good time schedule for investments rather than to determine the optimal investment program for a future time period. The problem of scheduling investments for interstate road and railway investments can be formulated as a mixed-integer programming model. But this model is so large, that it is hopeless to try to solve problems of practical relevance. For this reason two ways of simpli...

  19. 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

  20. 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.

  1. Trend in land degradation has been the most contended issue in the Sahel. Trends documented have not been consistent across authors and science disciplines, hence little agreement has been gained on the magnitude and direction of land degradation in the Sahel. Differentiated science outputs are related to methods and data used at various scales.

    Science.gov (United States)

    Mbow, C.; Brandt, M.; Fensholt, R.; Ouedraogo, I.; Tagesson, T.

    2015-12-01

    Thematic gaps in land degradation trends in the SahelTrend in land degradation has been the most contended issue for arid and semi-arid regions. In the Sahel, depending to scale of analysis and methods and data used, the trend documented have not been consistent across authors and science disciplines. The assessment of land degradation and the quantification of its effects on land productivity have been assessed for many decades, but little agreement has been gained on the magnitude and direction in the Sahel. This lack of consistency amid science outputs can be related to many methodological underpinnings and data used for various scales of analysis. Assessing biophysical trends on the ground requires long-term ground-based data collection to evaluate and better understand the mechanisms behind land dynamics. The Sahel is seen as greening by many authors? Is that greening geographically consistent? These questions enquire the importance of scale analysis and related drivers. The questions addressed are not only factors explaining loss of tree cover but also regeneration of degraded land. The picture used is the heuristic cycle model to assess loss and damages vs gain and improvements of various land use practices. The presentation will address the following aspects - How much we know from satellite data after 40 years of remote sensing analysis over the Sahel? That section discuss agreement and divergences of evidences and differentiated interpretation of land degradation in the Sahel. - The biophysical factors that are relevant for tracking land degradation in the Sahel. Aspects such detangling human to climate factors and biophysical factors behind land dynamics will be presented - Introduce some specific cases of driver of land architecture transition under the combined influence of climate and human factor. - Based on the above we will conclude with some key recommendations on how to improve land degradation assessment in the Arid region of the Sahel.

  2. Foreing direct investments in Albania

    Directory of Open Access Journals (Sweden)

    Ermira Korra

    2016-07-01

    Full Text Available Foreign Direct Investments are a very important segment in the economic activity of a country, due to the effects they bring with. This is mainly because of the trade liberalization, as well as other advantages such as higher returns on investments, potential resource seeking, new market seeking, or cheap labor force. The issue of Foreign Direct Investment is very broad, but in concrete terms, the main goal of this article is the theoretical analysis and its impact in related policies in Albania. Another objective is closely connected with the help of government authorities to better understand the potential and effective impact of FDI in the Albanian economy and use this information in their decision-making.

  3. Investing for a better environment

    International Nuclear Information System (INIS)

    To address the broad range of environmental issues in central and eastern Europe, including the former Soviet Union, the European Bank for Reconstruction and Development has adopted a twofold operational strategy: a regional programme approach and a project-based approach. The Bank is undertaking studies of environmental legislation and standards, and of training, liability and public participation requirements in the countries where it operates. It has also initiated environmental assessments in sectors where future investment projects are anticipated. The principal objectives of this work are to assist the countries of central and eastern Europe, those who wish to invest in these countries and Bank staff in their environmental appraisal work

  4. 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...... opportunities consist of a risky reference fund, a risk-free asset and a structured bond. Key model elements are the trading strategy and utility function of the investor. Our numerical results indicate structured bonds do have basis for consideration in the optimal portfolio. The product holdings...

  5. Investment under Uncertain Climate Policy

    DEFF Research Database (Denmark)

    Barradale, Merrill Jones

    2014-01-01

    This paper introduces the concept of payment probability as an important component of carbon risk (the financial risk associated with CO2 emissions under uncertain climate policy). In modeling power plant investment decisions, most existing literature uses the expected carbon price (e.g., the price...... actually be faced in the case of a particular investment. This concept helps explain both the surge of activity in 2005–2006 and the subsequent decline in interest in coal-fired power plant development in the U.S. The data for this case study comes from an extensive online survey of 700 U.S. energy...

  6. 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.

  7. THE ECONOMIC EFFICIENCY OF INVESTMENT

    Directory of Open Access Journals (Sweden)

    SIMONA CRISTINA COSTEA

    2012-05-01

    Full Text Available Economic efficiency is the main quality factor of economic growth because through it one can achieve an absolute performance enhancement involving the same amount of effort. In a market driven economy efficiency has to be estimated at a microeconomic level as well as with respect to the national economy Investments play a key role in the economy as an intermediate between the production of goods and services and the consumer itself being a factor of influence regarding the demand as well as the offer. Investment provides the financial support for promoting technical-scientific progress in various fields of activity.

  8. Foreign investments and public goals

    International Nuclear Information System (INIS)

    The authors of this background paper were invited by the IEF to address two questions, one rather broad and the other more focused. Their broad mandate was to examine how international investors may be encouraged to invest in energy projects while providing optimal benefits to host countries. Their narrow mandate was to examine how the interests of foreign investors may be reconciled with host governments' concerns about national sovereignty. The paper submitted in response to these questions develops in detail the principal issues related to the real or perceived impediments to increased private investment in major oil-producing countries

  9. Tweeting is not investing! But...

    OpenAIRE

    Choffray, Jean-Marie

    2016-01-01

    So, that’s it! Hundreds of Tweets on The Art and Science of Investing to “show you the way”, to share my most recent observations on the behavior of the markets, and to illustrate some of the key heuristics that I learned over the last twenty years. As, without any doubt, I am no Warren Buffett, feel free to disagree and develop you own “theory” of investing. Painful and solitary work... Success is at this price! And, based on what I did - and did not! - achieve, it shouldn’t be hard to do mu...

  10. 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.

  11. 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.

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

    DEFF Research Database (Denmark)

    Rescorla, Leslie A; Bochicchio, Lauren; Achenbach, Thomas M;

    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...

  14. '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

  15. 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.

  16. 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.

  17. Form 6 - gas balancing agreement

    International Nuclear Information System (INIS)

    In 1988, a special Committee of the Rocky Mountain Mineral Law Foundation undertook a project to draft a model from gas balancing agreement. This project was initiated at the request of a number of Foundation members who felt that a model form gas balancing agreement would facilitate the negotiation of operating agreement, since gas balancing issues had become sticking points in the process. The Committee was composed of attorneys representing a wide cross-section of the oil and gas industry including both major and independent oil companies, production companies with interstate pipeline affiliates, and private practitioners. The Committee attempted to address the more controversial issues in gas balancing with optional provisions in the Form. To facilitate the negotiation process, the number of optional provisions was minimized. This form may be used as an Appendix to the new A.A.P.L. Form 610-1989 Model Form Operating Agreement. This book includes provision of this Form which are: Ownership of gas production; Balancing of production accounts; Cash balancing upon depletion; Deliverability tests; Nominations; Statements; Payment of taxes; Operating expenses; Overproducing allowable; Payment of leasehold burdens; Operator's liability; Successors and assigns; Audits; Arbitration; and Operator's fees

  18. 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

  19. 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…

  20. Responsible investing in South Africa

    NARCIS (Netherlands)

    Viviers, S.; Bosch, J.K.; Smit, vd M E.; Buijs, A.

    2009-01-01

    Given growing interest in the phenomenon of Responsible Investing (RI), both locally and internationally, the purpose of this paper is to provide an overview of the RI sector in South Africa. It focuses on the definition and characteristics of RI within the South African context; the size and nature

  1. 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

  2. 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...

  3. 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.

  4. 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

  5. Investment Climate and International Integration

    OpenAIRE

    Dollar, David; Hallward-Driemeier, Mary; Mengistae, Taye

    2004-01-01

    Drawing on recently completed firm-level surveys in Bangladesh, Brazil, China, Honduras, India, Nicaragua, Pakistan, and Peru, this paper investigates the relationship between investment climate and international integration. These standardized surveys of large, random samples of firms in common sectors reveal how firms experience bottlenecks and delays in hard infrastructure such as power...

  6. GLOBALIZATION AND FOREIGN DIRECT INVESTMENTS

    OpenAIRE

    Maria - Ramona SARBU

    2015-01-01

    Much discussed and analyzed globalization is a multidimensional and complex process having today a significant magnitude as compared to the past, manifested through various forms of internationalization of production, foreign direct investment (FDI) flows, transnational corporations (TNCs), technology transfers, capital movements, migration flows, amplifying competition between investors and the connections between markets. The complexity phenomenon of globalization contributes to the diversi...

  7. 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…

  8. 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.

  9. Scientific basis of investing agrarian sphere

    Directory of Open Access Journals (Sweden)

    Novak I. M.

    2015-05-01

    Full Text Available The article deals with the scientific basis of investing agrarian economy of Ukraine. The emphasis is on the nature of the investment, the investment climate and the attractiveness of the agricultural sector. It is specified on the relevance of developing effective investment strategies for agricultural sector. It is proved that the creation of favorable conditions for investors improves the work of the financial system in the country. The factors that form and affect the investment climate are studied. Measures, aimed at disclosing and strengthening of investment potential of country are proposed.

  10. 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.

  11. 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.

  12. 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

  13. Offeree silence and contractual agreement.

    OpenAIRE

    Austen-Baker, Richard

    2006-01-01

    This article considers the mechanics of acceptance in the law of contract, focusing on the question of whether the silence of an offeree can effect acceptance. It finds the rule in Felthouse v Bindley (1862) alive and well, but creating problems for judges anxious to find agreements in place. The article considers whether there is, as sometimes suggested, a ‘duty to speak’ and dismisses this, along with any other supposed exceptions to the rule, concluding that silence cannot effect acceptanc...

  14. Managing Enterprise Service Level Agreement

    OpenAIRE

    Yang Li

    2010-01-01

    The continued trend of globalization and technology improvement like the internet and transportation have spawned an increasing number of complex service chains that span across local, regional and national boundaries. Service level agreement (SLA) plays a crucial role in gluing service chains together. In that regard, this paper provides a complete guidance of end-to-end lifecycle management of SLA, including SLA-aware service modelling and terms optimization, contract drafting and complianc...

  15. 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.

  16. 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.

  17. 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.

  18. 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.

  19. Chinese Foreign Direct Investment in Indonesia

    DEFF Research Database (Denmark)

    Gammeltoft, Peter; Tarmidi, Lepi T.

    projects to acquiring more systemic properties. Chinese companies have acquired a broader sectoral presence in Indonesia and Chinese invested companies in e.g. extractive or manufacturing activities can increasingly rely on complementary Chinese investments in logistics, travel, finance etc....

  20. 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.

  1. Public Policy and Private Investment in Pakistan

    OpenAIRE

    Syed, Shabib Haider; Majeed, Muhammad Tariq

    2007-01-01

    This paper analyzes the importance of government policies in determining private investment in Pakistan. The empirical results show that public sector investment, changes in bank credit to the private sector and degree of capacity in the economy are playing an important role in the determination of private investment. The level of expected GDP also positively affected the private investment, which is consistent with flexible accelerator model. The results are also consistent with the mentione...

  2. Irreversible Investment, Operating Flexibility, and Time Lags

    OpenAIRE

    Takashima, Ryuta; GOTO, MAKOTO; Tsujimura, Motoh

    2010-01-01

    We consider an optimal investment problem when a firm such as an electric power company has the operational flexibility to expand and contract capacity with fixed cost. This problem is formulated as an impulse control problem combined with optimal stopping. Consequently, we obtain optimal investment timing, optimal capacity expansion and contraction timing, and the investment value. We also show investment, capacity expansion and contraction rule are influenced by the price volatility and the...

  3. IRREVERSIBLE INVESTMENT, OPERATING FLEXIBILITY, AND TIME LAGS

    OpenAIRE

    RYUTA TAKASHIMA; MAKOTO GOTO; MOTOH TSUJIMURA

    2010-01-01

    We consider an optimal investment problem when a firm such as an electric power company has the operational flexibility to expand and contract capacity with fixed cost. This problem is formulated as an impulse control problem combined with optimal stopping. Consequently, we obtain optimal investment timing, optimal capacity expansion and contraction timing, and the investment value. We also show investment, capacity expansion and contraction rule are influenced by the price volatility and the...

  4. STUDYING INVESTMENT PATTERNS IN RUSSIAN AGRICULTURE

    OpenAIRE

    Bokusheva, R.; Bezlepkina, I.; Kypavykh, A.

    2007-01-01

    The study analyzes the investment behavior of Russian farms during the period of economic stabilization that followed the financial crisis of 1998. While the literature primarily uses accelerator and adjustment costs models to describe farms investment behavior in the context of transition countries, our study reveals that error-correction formulation of the investment equation is more suited to analyzing Russian farms investment patterns. In addition, by distinguishing between different cate...

  5. Options, the Value of Capital, and Investment

    OpenAIRE

    Andrew B. Abel; Dixit, Avinash K; Janice C. Eberly; Robert S. Pindyck

    1995-01-01

    Capital investment decisions must recognize the limitations on the firm's ability later to sell off or expand capacity. This paper shows how opportunities for future expansion or contraction can be valued as options, how this valuation relates to the q-theory of investment, and how these options affect the incentive to invest. Generally, the option to expand reduces the incentive to invest, while the option to disinvest raises it. We show how these options interact to determine the effect of ...

  6. Foreign Direct Investments in European Union Economy

    OpenAIRE

    Georgeta Ilie

    2015-01-01

    The European Union continues to be an important source and destination of foreign direct investment (FDI) in the world measured by flows and stocks. Investment is part of the EU’s common commercial policy, because FDI is one of the vehicles through which each country can develop its industries. The EU's investment policy is focused on providing EU investors and investments with market access and with legal certainty and a stable, predictable, fair and properly regulated environment in which t...

  7. Charity ethical investment : policy practice and disclosure

    OpenAIRE

    Kreander, Niklas; Beattie, Vivien; McPhail, Ken

    2008-01-01

    This paper investigates the ethical investment policies of leading UK charities. It is estimated that UK charities in 2004 had £79 billion in assets of which £44 billion were invested (NCVO, 2006), with further growth in both influence and size predicted (SustainAbility, 2003). Yet we know of no published academic research in the UK or Norway which focuses on charity ethical investment. Using various methods, we have investigated charity ethical investment policies and how these policies...

  8. Chinese Foreign Direct Investment in Indonesia

    DEFF Research Database (Denmark)

    Gammeltoft, Peter; Tarmidi, Lepi T.

    2013-01-01

    enterprises supplemented with key informant interviews, available official statistics and secondary data. Considering the evolution of Chinese investments in Indonesia over time, investments have evolved from being individual and isolated projects to acquiring more systemic properties. Chinese companies have...... acquired a broader sectoral presence in Indonesia and Chinese invested companies in, e.g., extractive or manufacturing activities can increasingly rely on complementary Chinese investments in logistics, travel, finance, etc. Where the local development effects are concerned, a picture emerges where Chinese...

  9. SIGNIFICANT FOREIGN DIRECT INVESTMENT (FDI) IN ECONOMICS

    OpenAIRE

    Simona Mihaela POPOVICI

    2009-01-01

    Investments in development are essential to any economic system (business, civil organization or public institution, sector, national economy, etc..). Through them ensures the creation, consolidation, reclamation, improvement and growth of any of the system. Regarding foreign direct investment in recent years has been a pretty big interest worldwide in attracting foreign capital, some countries managed to attract higher foreign direct investment, other foreign investment portfolio, and only a...

  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. The Possible Effects of Transatlantic Trade and Investment Partnership and Trans-Pacific Partnership on Chinese Economy

    OpenAIRE

    Aslan, Buhara; Mavuş, Merve; Oduncu, Arif

    2014-01-01

    The failure to advance the multilateral trade negotiations of the World Trade Organization (WTO) was a disruption for the international trading system. Alternatively, many countries have commenced to establish bilateral and regional Free Trade Agreements (FTA). Among those agreements the Transatlantic Trade and Investment Partnership (TTIP) and Trans-Pacific Partnership (TPP) are agreements with members from across the Atlantic and the Pacific respectively. This note focuses on the impacts of...

  12. 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...

  13. 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,...

  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. 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...

  16. 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...

  17. 12 CFR 703.3 - Investment policies.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 6 2010-01-01 2010-01-01 false Investment policies. 703.3 Section 703.3 Banks and Banking NATIONAL CREDIT UNION ADMINISTRATION REGULATIONS AFFECTING CREDIT UNIONS INVESTMENT AND DEPOSIT ACTIVITIES § 703.3 Investment policies. A Federal credit union's board of directors must...

  18. 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...

  19. 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...

  20. 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%.

  1. Equatorial Guinea : Public Investment Management Review

    OpenAIRE

    Munoz Moreno, Rafael

    2009-01-01

    The chapter offers concise diagnostics of the public investment management (PIM) system in Equatorial Guinea. It provides specific examples of how underperforming institutions throughout the investment process raise the risk of selecting white elephants, reducing the value for money of investment projects and undermining the quality of completed projects. Politically compatible recommendat...

  2. 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

  3. 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... POLICIES AND OPERATIONS, AND FUNDING OPERATIONS Investment Management § 615.5133 Investment management. (a... activities. Your board of directors must also ensure that management complies with these policies and...

  4. 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

  5. 12 CFR 703.16 - Prohibited investments.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 6 2010-01-01 2010-01-01 false Prohibited investments. 703.16 Section 703.16 Banks and Banking NATIONAL CREDIT UNION ADMINISTRATION REGULATIONS AFFECTING CREDIT UNIONS INVESTMENT... union may not purchase a zero coupon investment with a maturity date that is more than 10 years from...

  6. 12 CFR 703.18 - Grandfathered investments.

    Science.gov (United States)

    2010-01-01

    ... 12 Banks and Banking 6 2010-01-01 2010-01-01 false Grandfathered investments. 703.18 Section 703.18 Banks and Banking NATIONAL CREDIT UNION ADMINISTRATION REGULATIONS AFFECTING CREDIT UNIONS INVESTMENT AND DEPOSIT ACTIVITIES § 703.18 Grandfathered investments. (a) Subject to safety and...

  7. 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....

  8. 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)

  9. 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...

  10. 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...

  11. 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:...

  12. 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.

  13. Investment climate in the GCC

    International Nuclear Information System (INIS)

    The future for oil producers in the Gulf is discussed and the emphasis is very much on Saudi Arabia. The net source flow to developing countries is illustrated but substantial changes are expected soon due to a combination of crises in the Far East and in Russia. Foreign investment in Saudi increased dramatically in 1997 and Saudi has great potential for maximising inward flows and minimising outward flows for the benefit of the national economy. It was stressed that at present, international factors are largely negative but domestic factors are very positive and will prevail in determining investments. The paper was presented under the sub-headings of (i) oil prices, (ii) the Asian crisis, (iii) stability in the Middle East, (iv) population growth (v) private sector viability, (vi) redefining the role of the state and (vii) long-term oil revenue prospects. Saudi Arabia is expected to continue to be a major player in the petroleum business

  14. 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.

  15. Cost Estimates and Investment Decisions

    Energy Technology Data Exchange (ETDEWEB)

    Emhjellen, Kjetil; Emhjellen Magne; Osmundsen, Petter

    2001-08-01

    When evaluating new investment projects, oil companies traditionally use the discounted cashflow method. This method requires expected cashflows in the numerator and a risk adjusted required rate of return in the denominator in order to calculate net present value. The capital expenditure (CAPEX) of a project is one of the major cashflows used to calculate net present value. Usually the CAPEX is given by a single cost figure, with some indication of its probability distribution. In the oil industry and many other industries, it is common practice to report a CAPEX that is the estimated 50/50 (median) CAPEX instead of the estimated expected (expected value) CAPEX. In this article we demonstrate how the practice of using a 50/50 (median) CAPEX, when the cost distributions are asymmetric, causes project valuation errors and therefore may lead to wrong investment decisions with acceptance of projects that have negative net present values. (author)

  16. Local investment in renewable energies

    International Nuclear Information System (INIS)

    This document presents european examples on the interest of the local investment, illustrated by cases studies in Germany, Denmark and Switzerland. Two main points were discussed: the financial tools and the french strategy. The colloquium provided many discussions and analyzes on the possibility of significant contribution to the collective efforts in favor of the public involvement in the renewable energies development in Europe. (A.L.B.)

  17. Local investment in renewable energies

    International Nuclear Information System (INIS)

    Although the vast majority of renewable energies projects are established by commercial developers, some of them are financed by ''ordinary citizens'' pooling together through different schemes. This is particularly frequent in Denmark and Germany, possibly a key reason for the continuous and so successful growth of various renewable energies sources in these countries. This guideline aims to define the term of local investment and provides examples of development and recommendations. (A.L.B.)

  18. Citizenship, Fertility, and Parental Investments

    OpenAIRE

    Ciro Avitabile; Irma Clots-Figueras; Paolo Masella

    2014-01-01

    Citizenship rights are associated with better economic opportunities for immigrants. This paper studies how in a country with a large fraction of temporary migrants the fertility decisions of foreign citizens respond to a change in the rules that regulate child legal status at birth. The introduction of birthright citizenship in Germany in 2000, represented a positive shock to the returns to investment in child human capital. Consistent with Becker's "quality-quantity" model of fertility, we ...

  19. Citizenship, Fertility and Parental Investment

    OpenAIRE

    Ciro Avitabile; Irma Clots-Figueras; Paolo Masella

    2012-01-01

    Citizenship rights are associated with better economic opportunities for immigrants. This paper studies how in a country with a large fraction of temporary migrants the fertility decisions of foreign citizens respond to a change in the rules that regulate child legal status at birth. The introduction of birthright citizenship in Germany, following the introduction of the new German nationality law in 2000, represented a positive shock to the returns to investment in child human capital. Consi...

  20. TERRITORIAL DIMENSION OF INTEGRATED INVESTMENTS

    OpenAIRE

    Florin Marian BUHOCIU

    2014-01-01

    The paper presents new developments in territorial development plan starting from the need to accelerate them in a European context (EC,2013). It introduced the concept of Integrated Territorial Investments (ITI) as the main vector for the implementation of territorial development at the sub-regional, regional, national or trans-boundary level. It shows the features of this concept (advantages, disadvantages) and makes a brief presentation of the possibilities of implementation in Romania, Tu...

  1. Alternative investments: return driving actors

    OpenAIRE

    Elliott, K; G. Marcato

    2011-01-01

    In an asset allocation process, correlations are particularly important if one includes 'alternative investments' such as real estate, commodities and hedge funds, which have been proclaimed to provide diversifying benefits within the overall portfolio context. However, by looking at correlations between asset classes alone some diversification benefits may be over or under-stated. More recently, finance literature has focused on alternative asset classes to study their behaviour and to ident...

  2. Technological Diffusion and Investment Decision

    OpenAIRE

    Balatsky, Ye.

    2012-01-01

    The article offers the model of investment decision, which allows to understand the microeconomic motivation of the company, when it chooses between the imitation and innovation strategies. Proposed and tested applied method for estimation of the technological frontier, which allows the change from the regime of borrowing technologies to the regime of their creation. The author gives the interpretation of technological changes in terms of technological traps theory.

  3. Customer experiences receiving investment services

    OpenAIRE

    Szepe, Sanna

    2015-01-01

    Today the customers are able to compare the products of the different services available easily and between service companies, the experience the customer receives has become more and more important. Banking services have experienced the same evolution than the other surrounding service companies, and the importance of more complicated advisory services is sought after, when simpler transactions are taken care by the customers themselves. Investment services are one of the highest profiti...

  4. Global Governmental Investment in Nanotechnologies

    OpenAIRE

    Jia, Lee

    2005-01-01

    Nanotechnologies seem to have huge potential to bring benefits in areas as diverse as drug development, water decontamination, information and communication infrastructures, and the production of stronger, lighter and perfect nanomaterials. This potential attracts global investment from governments and private sectors in nanotechnologies with the hopes that R&D and commercial applications of nanomaterials, nanodevices, nanoparticles and nanodrugs will provide new impetus, after the ebb-tides ...

  5. Volatility, Investment and Disappointment Aversion

    OpenAIRE

    Joshua Aizenman; Nancy Marion

    1995-01-01

    This study uncovers a statistically significant negative correlation between volatility and private investment over the 1970-93 period in a set of almost fifty developing countries and provides a possible interpretation of this result by using the disappointment- aversion expected utility framework first described by Gul (1991). We consider a number of different volatility measures related to domestic policies or to external factors. As the various volatility measures tend to be positively co...

  6. 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.

  7. DIRECT INVESTMENT ON REGIONAL MARKETS

    Directory of Open Access Journals (Sweden)

    LIVIU NEAMŢU

    2013-08-01

    Full Text Available Foreign direct investment are that category of investments that allow participation in leadership andeffective control of the companies in which it invests. It's so new firms, as well as the establishment ofinternational operations of the company through expansion of existing operations. Typically, the companyincurred in a market that is confined to a distinct geographical area, but the limits of market changes. Thechange can be the result of higher management decisions on market opening and development of a newtechnology or product. Markets with a lower level of development are likely to attract a higher level of directinvestments than those in more developed countries. The specific reasons behind the decision of a company toinvest abroad are operating efficiency, reduce risk, market development and Government policy in the hostcountry. Transnational corporations are large conglomerates which consists of the parent company and itssubsidiaries/branches, both in the country of residence and abroad. Transnational corporations affect stronglyboth the production and the world of international economic relations. This influence is determined by themotivations of expansion that they promote. The expansion of transnational corporations has as satisfying"ambitions" of global expansion, and impulsionate getting supraprofiturilor. The strength of these structures isbased on maximizing profits.

  8. 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...

  9. 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.

  10. A postnational marketplace: negotiating the Transatlantic Trade and Investment Partnership (TTIP)

    NARCIS (Netherlands)

    M. Bartl; E. Fahey

    2014-01-01

    The Transatlantic Trade and Investment Partnership (TTIP), the new trade agreement between the EU and the US, has a great ambition: not only if measured by the size of the emergent market, but also the potential spill over of its regulatory standards to the global level. The cooperation between the

  11. 12 CFR 225.143 - Policy statement on nonvoting equity investments by bank holding companies.

    Science.gov (United States)

    2010-01-01

    ... distribution in the event of sale, have a much greater prospect of achieving consistency with the Act than... their investments, prevent takeovers by others, and allow for sale of their options, warrants, or rights... agreement placing long-term restrictions on the rights of a holder of voting securities. (12 CFR...

  12. Green investment as a financing tool for solar energy systems

    International Nuclear Information System (INIS)

    Results of a workshop on the title subject (25 March 1997) are presented. The purpose of the workshop was to transfer knowledge and disseminate information about the fiscal options and regulations in the Netherlands to invest in environment-friendly projects (EIA, VAMIL, Regeling Groenprojecten). Next to presentations of representatives of a bank, involved in green funding projects, a public utility and a housing corporation, four cases were discussed in which green investment options for solar energy system projects have been evaluated: (1) large-scale solar boiler project (150 m2) in a health care home (utility building); (2) large-scale photovoltaic (PV) project (1000 m2) in the facade of a new office building; (3) application of solar water heaters in a housing project of 1000 private property houses; and (4) a cluster project of 100 private property houses with a 5 m2 roof-integrated PV-system for each house

  13. 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.

  14. 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.

  15. 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.

  16. MUTUAL INFLUENCE BETWEEN MONETARY POLICY AND INVESTMENT

    Directory of Open Access Journals (Sweden)

    Valentin Mihai LEOVEANU

    2016-06-01

    Full Text Available The study seeks to highlight monetary policy as a component of macroeconomic policies, the importance of investment on the economy and on economic growth, the correlation between investment and monetary policy in macroeconomic thinking, and the implications of the 2007-2010 financial crisis on the theory and practice of monetary policy. Following submission of theoretical and practical considerations concerning the influence of monetary policy on investment and vice versa, both at micro and macro levels, this paper tries to highlight the effects of monetary policy actions on global and local investment in terms of profitability, risk, liquidity and investment period.

  17. 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.

  18. Will open markets, restructuring and regulation support investment in innovation?

    International Nuclear Information System (INIS)

    : expected investment in innovation, large scale generation, information technology, transmission technology, the challenge of investment in innovation, and a new paradigm in the electricity sector

  19. Ex-ante versus ex-post assessments of the economic benefits of Free Trade Agreements: Lessons from the North American Free Trade Agreement (NAFTA)

    OpenAIRE

    Grumiller, Jan-Augustin

    2014-01-01

    Much of the current discussion about the Transatlantic Trade and Investment Partnership (TTIP) is focused on the potential welfare and employment effects. Supporters of TTIP often support their argument by highlighting the optimistic results of computable general equilibrium (CGE) models. CGE-models are the methodological backbone of most ex-ante impact assessments of free-trade agreements, as for instance published by the European Commission. The objective of this paper is to assess the accu...

  20. 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...

  1. 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...

  2. 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.

  3. 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.

  4. Aplikasi Smart Investment Planner Berbasis Web

    Directory of Open Access Journals (Sweden)

    Prasetya K.

    2015-06-01

    Full Text Available The lack of knowledge of investment products lead many people decided not to invest for their future. This can be overcome by utilizing the information and communication technology development by making a web application of Smart Investment Planner with the aim to recognize various types of investment product as well as the character investment and tips for users. This application uses a set of data as knowledge base which obtained from the literature, discussions with economic experts, database design, user interface design, as well as tests and evaluations by experts. The result of these applications concluded that this application collect the information as well as investment products that suit into their needs and also encourage them to start invest.

  5. 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

  6. 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

  7. The Transatlantic Trade and Investment Partnership - A View from America's Trenches

    Directory of Open Access Journals (Sweden)

    Bledowski Krzysztof

    2014-11-01

    Full Text Available Expectations run high about the cornucopia of riches which are supposed to fow from the Transatlantic Trade and Investment Partnership (TTIP. TTIP is a proposed free trade agreement between the United States and the European Union. It aims to build upon the already sweeping scope of the North American Free Trade Agreement concluded two decades earlier and the 2013 Comprehensive Economic and Trade Agreement (CETA, which removes 99 % of tariffs between the EU and Canada.1 Te TTIP negotiations were launched in July 2013 with an initial time frame of completion within two years.

  8. 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

  9. Development of investments in the context of socially responsible business

    OpenAIRE

    Дружинина, Евгения Олеговна

    2015-01-01

    The meaning of the concepts of investments, social investments, and socially responsible investments has been elucidated in the article. Differentiation of investments by the level of social responsibility has been suggested. Preconditions, which contribute to formation of socially responsible investments, as well as criteria of attributing real investments to this category have been considered.

  10. 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...... and consider different utility functions and trading strategies. Our results show that investors should include structured bonds in their optimal portfolio only if they cannot access the index underlying the option directly and only if the products then provide sufficient diversification to compensate...

  11. 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

  12. Quality improvement as an investment.

    Science.gov (United States)

    Weeks, William B

    2002-01-01

    Health care organizations are experiencing increasing internal and external pressures to improve the quality of care that they provide. However, there is not a framework that can be used to help understand the value of quality improvement projects and to prioritize competing projects. By understanding the current processes, costs and outcomes of care, enumerating the costs and benefits of change, anticipating the timing of the costs and benefits, and performing a financial analysis, quality improvement efforts can be evaluated as investments. Only by understanding and adapting to the financial environments in which health care organizations operate can continuous quality improvement in health care succeed. PMID:12512466

  13. The UK's international investment position

    OpenAIRE

    Damian Whittard; Jawed Khan

    2010-01-01

    SUMMARYThis paper describes the path of the UK's net asset position with the rest of the world. Notwithstanding that the UK has run a substantial current account deficit for over a quarter of a century, at the beginning of 2009 the net asset position was not far off balance. The paper begins by detailing recent developments in both the UK's overseas balance sheet, known as the international investment position (IIP), and the current account deficit. It examines the link between the IIP and th...

  14. 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.

  15. European methodology of analysis vertical restraints under rule of reason in context of cooperative relation specific investments

    Directory of Open Access Journals (Sweden)

    Agamirova Maria, Е.

    2015-06-01

    Full Text Available The problem of underinvestment in specific assets is a key issue in new institutional economics, especially in case of cooperative relation specific investments. It can be solved due to vertical restraints, as an alternative way of vertical integration to transfer control to partner, who makes relation specific investments. The type of relationspecific investments called «cooperative» investments (or cross investments was nearly absent in economic analysis up to the very end of the twentieth century despite of the fact that such investments are widespread. It led to the absence of analysis relation specific investments in official regulation documents. At the same time, different types of relation specific investments can be characterized by different degree of riskiness and need special regulations of vertical agreements. In the paper author makes an attempt to analyze the European methodology of assessment vertical restraints under rule of reason focusing on the type of relation specific investments. It makes possible to improve analysis of vertical restraint in Russian antitrust.

  16. 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

  17. 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.

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

    International Nuclear Information System (INIS)

    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)

  19. Pdvsa, seeks foreign investment hike

    International Nuclear Information System (INIS)

    Looking at a protracted cash crunch, state oil company Petroleos de Venezuela SA plans to encourage accelerated investment by foreign companies in Venezuela's oil sector. Pdvsa late last month sliced about $1 billion from its capital and operating budget for 1992. This paper reports that in the medium term, Pdvsa plans to focus on investment in quicker payout projects in oil production and refining while seeking foreign capital for as many projects as possible in oil and gas exploration and development, petrochemicals, and coal. And it will continue to expand its presence in other countries, especially the US, to maintain market shares of crude and refined products exports. Those are among the business strategies outlined by new Pdvsa Pres. Gustavo Roosen after his first 100 days on the job. Pdvsa sees a key window of opportunity in gaining part of the market share lost by US crude producers as their production continues to decline. Pdvsa production outlays this decade are estimated at $4.4 billion. Pdvsa continues to hold to its target of crude productive capacity at 3.3 million b/d by 1996. The company wants to jump capacity as quickly as prudently possible from the yearend 1991 level of 2.83 million b/d. Currently, Pdvsa must buy 6000,000 b/d of oil on the US market to meet all of its commitments

  20. 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.

  1. 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

  2. A framework for social investment strategies

    DEFF Research Database (Denmark)

    Kvist, Jon

    2015-01-01

    From 2013 the European Union has promoted social investments as a national reform strategy to increase individuals' capacities and national economic growth. However, to take full advantage of social investments, the strategy needs a more coherent framework that takes into account the dynamic...... and multidimensional nature of social issues and social investments. Theoretically, this article establishes such a framework consisting of generational, life course and gender perspectives on social investments. The generational perspective brings out that social investments involve horizontal redistribution......, underpin the productive and reproductive social contract between generations, and the increased diversity within generations. The life course perspective demonstrates how social issues and social investments in one life stage depend on the situation in prior life stages and affect the situation in later...

  3. 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.

  4. 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.

  5. Chinese Investment BuoysAfrica's Economy

    Institute of Scientific and Technical Information of China (English)

    2011-01-01

    According to Xinhua News Agency,athough Africa is a diverse continent,containing a variety of countries and cultures,the representatives of African countries do have one thing in common:their desire to attract Chinese investment.“We look forward to Chinese enterprises'investments.Chinese investment helps us to fund the construction of transportation and medical infrastructure,” Bernadette Artivor,executive director of the Namibia Investment Center,said on September 8.Artivor made the remark at the High-Level Symposium for China-Africa Investment and Cooperation,an event held as part of the 15th China International Fair for Investment and Trade (CIFIT) which opened in southeast Chinas coastal city of Xiamen.

  6. 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...

  7. Investment in Financial Literacy and Saving Decisions

    OpenAIRE

    Jappelli, Tullio; Padula, Mario

    2011-01-01

    We present an intertemporal consumption model of consumer investment in financial literacy. Consumers benefit from such investment because their stock of financial literacy allows them to increase the returns on their wealth. Since literacy depreciates over time and has a cost in terms of current consumption, the model determines an optimal investment in literacy. The model shows that financial literacy and wealth are determined jointly, and are positively correlated over the life cycle. Empi...

  8. Public Investment, Revenue Shocks, and Borrowing Restrictions

    OpenAIRE

    Büttner, Thiess; David E. Wildasin

    2010-01-01

    This paper lays out a theory of taxation and public investment in an intertemporal setting under conditions of revenue shocks. Without borrowing restrictions, the optimal policy is characterized by smooth time paths of taxes and public investment. While the introduction of formal borrowing restrictions leads to some precautionary savings, it gives rise to fluctuations in public investment in response to adverse but also favorable revenue shocks. This theoretical result is tested empirically u...

  9. Impact of Public Investment on Economic Growth

    OpenAIRE

    Rabnawaz, Ambar; Jafar, Rana Muhammad Sohail

    2015-01-01

    The study examines the relationship between Gross domestic product and public investment. Time series data for empirical investigation covers the period 1980-2009. The data has collected from Pakistan bureau of Statistics, State bank of Pakistan (SBP) and Stockholm International Peace Research Institute (SIPRI). Empirical results show, there is a positive relationship between GDP and public investment in short run. The increase in GDP causes a rapid increase in public investment. Granger caus...

  10. Public and Private Saving and Investment

    OpenAIRE

    Eric VAN WINCOOP; Marrinan, Jane

    1993-01-01

    Several authors have shown that models with perfect international capital mobility can generate high correlations between aggregate savings and investment, as observed in the data. In this paper we decompose aggregate saving and investment into their two component parts, private and public. This leads to some striking observations. In almost all of the 15 OECD countries we investigate during the period 1975-1989, the private sector saving-investment gap closely mirrors the government sector s...

  11. Public Investment and Public-Private Partnerships

    OpenAIRE

    Richard Hemming; Gerd Schwartz; Bernardin Akitoby

    2007-01-01

    Over the past three decades, public spending on infrastructure, as a share of GDP, has been on the decline worldwide. Although the link between infrastructure investment and economic growth is not yet fully understood, the quality of infrastructure clearly affects a country's productivity, competitiveness in export markets, and ability to attract foreign investment. This EI explores the following questions: Should countries increase public investment in infrastructure? If the answer is yes, h...

  12. Social Security Incentives and Human Capital Investment

    OpenAIRE

    Lau, Morten I.; Poutvaara, Panu

    2001-01-01

    While the effect of social security systems on retirement decisions has received much attention, the impact of these systems on individuals’ incentives to invest in their human capital has not been analyzed. We integrate human capital investment and retirement decisions in a simple analytical life-cycle model with full certainty and investigate how different social security schemes may a¤ect welfare, human capital investment and labor supply. We analyze and compare three different social secu...

  13. Diversification, Exchange Risks and Corporate International Investment

    OpenAIRE

    Jongmooo Jay Choi

    1989-01-01

    All international investments inevitably have some diversification consequences. Yet the literature on foreign direct investment accords only a limited role to diversification or financial variables. This paper develops a theory of corporate international investment from the standpoint of finance in an environment where the segmentation of international capital markets for individuals or the presence of agency costs provide some independence to corporate decisions separate from shareholders. ...

  14. Housing Market and Housing Investment (Japanese)

    OpenAIRE

    UNAYAMA Takashi

    2015-01-01

    This paper aims to explain why housing investment in Japan stagnated in the 2000s. Housing investment consists of two parts: replacement and a net increase of housing stock, which can be further decomposed into changes in the number of households and the housing utilization rate. Using the Housing and Land Survey, it is shown that all of the following factors caused the decrease in housing investment: house replacement decreased due to an increasing share of non-wooden houses and collective h...

  15. Exclusive Contracts Foster Relationship-Specific Investment

    OpenAIRE

    David de Meza; Mariano Selvaggi

    2004-01-01

    Exclusive contracts prohibit one or both parties from trading with anyone else. Contrary to earlier findings, notably Segal and Whinston (2000), we show that investments that are specific to the contracted parties may be encouraged. Results depend on the nature of the investments and whether the bargaining is cooperative or non-cooperative. The major part of the analysis show that exclusive contracts designed to 'assure' the supply of essential inputs promote investment. Infinite penalties fo...

  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. Economic Perspectives on Investments in Teacher Quality

    OpenAIRE

    Margaret L. Plecki

    2000-01-01

    This article reviews and critiques the ways in which researchers have used both productivity theory and human capital theory in efforts to measure the returns on investments in improving teacher quality. While studies utilizing these theories to measure investment returns provide useful insights, a critical need exists for research that advances our knowledge about the conceptual links between investments in teacher quality policies and improved student performance. The article also discusses...

  18. Essays on Financing and Returns on Investment

    OpenAIRE

    Dzansi, James

    2011-01-01

    This dissertation consists of an introductory chapter and three independent essays on financing investment and their returns. The first essay studies the impact of remittances on domestic investment. The analysis is carried out with a focus on the moderating roles of domestic financial development and institutional quality. The empirical results suggest that remittance inflows are associated with increased domestic investment spending, particularly under conditions of inadequate financial int...

  19. Valuation of Unlisted Direct Investment Equity

    OpenAIRE

    Thomas Elkjaer; Jannick Damgaard; Emmanuel O. Kumah

    2009-01-01

    This paper analyzes the seven valuation methods for unlisted direct investment equity included in the recently adopted IMF Balance of Payments and International Investment Position Manual, Sixth Edition (BPM6). Based on publicly available Danish data, we test the three methods that are generally applicable and find that the choice of valuation method and estimation technique can have a highly significant impact on the international investment position, pointing to the need for further harmoni...

  20. Investment scenarios for Chinese power plants

    International Nuclear Information System (INIS)

    An analysis is provided of returns for investment in power plants in China and India. Three sample investment scenarios are compared to illustrate the relative merits of each financing arrangement. The best returns would seem to be offered by a mix of debt and equity financing. The potential problem of gradual currency depreciation can be overcome by early cash payments. Foreign investment in China's power generation industry would be more readily forthcoming if easier access to debt finance were available. (UK)

  1. Timing of Convertible Debt Financing and Investment

    OpenAIRE

    Kyoko Yagi; Ryuta Takashima; Hiroshi Takamori; Katsushige Sawaki

    2008-01-01

    In this paper, we examine the optimal investment policy of the firm which is financed by issuing equity, straight debt and convertible debt. We extend the model in Mauer and Sarkar (2005) over financing with convertible debt. We examine two different investment policies that maximize the equity value and the firm value and show the agency cost as the difference between each policy value. Furthermore, we investigate how the issuance of convertible debt affects investment.

  2. Socially responsible investments in mutual funds

    OpenAIRE

    Funaru, M.; Radu, I.

    2011-01-01

    This paper aims to add contribution to the socially responsible investments (from now on called “SRI”) research by examining the significance of this type of investment in terms of ethical or financial prior behaviour. Using the sample of European market of socially responsible investments funds, we first explore the SRI market dimension compared to the global data on SRI. We also investigate whether the ethical recognition is more important rather than the financial performance. Applied to t...

  3. Quantitative investment strategies and portfolio management

    OpenAIRE

    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 preference by fund of hedge funds managers. The analysis suggests that single-strategy hedge funds enter into the portfolio of funds of funds in a non-random way. Finally, the last essay shows that the e...

  4. China and the Multilateral Investment Guarantee Agency

    OpenAIRE

    Yushu Feng

    1997-01-01

    The Multilateral Investment Guarantee Agency (MIGA), established in 1988, is part of the World Bank Group. Its mandate is to promote foreign investment in its member countries by providing political risk insurance and technical assistance to promote investment. In developing this case study of China's evolving relationship with MIGA, the author asked: Why did China decide to seek membership in MIGA? What was the outcome of the relationship between China and MIGA? How has that relationship aff...

  5. Stock Market Volatility and Corporate Investment

    OpenAIRE

    Zuliu Hu

    1995-01-01

    Despite concerns are often voiced on the so called “excess volatility” of the stock market, little is known about the implications of market volatility for the real economy. This paper examines whether the stock market volatility affects real fixed investment. The empirical evidence obtained from the US data shows that market volatility has independent effects on investment over and above that of stock returns. Volatility and its changes are negatively related to investment growth. To the ext...

  6. Japanese Companies' Investments in China (Japanese)

    OpenAIRE

    SHIBOTA Atsuo

    2009-01-01

    This research paper provides an overview of Japan-China economic relations focusing primarily on Japanese companies' direct investments in China. First, I will outline the chronological development of investment relations between Japan and China over the past 20 years. Historically, there have been three boom periods for Japanese investments in China: the first boom from 1985 through 1987, the second from 1991 through 1995, and the third from 2000 through 2005. I will summarize the characteri...

  7. FOREIGN DIRECT INVESTMENT AND ECONOMIC GROWTH

    OpenAIRE

    George Ciobanu

    2007-01-01

    How does foreign direct investment triggered by foreign economic growth affect domestic economic activity? Estimates produced using foreign GDP growth rates for changes in foreign activity indicate that 10% greater foreign capital investment is associated with 2.2% greater domestic investment, and that 10% greater foreign employee compensation is associated with 4.0% greater domestic employee compensation. Changes in foreign and domestic sales, assets, and numbers of employees are likewise po...

  8. Essays on investment climate in developing countries

    OpenAIRE

    Hacihasanoglu, Yavuz Selim

    2013-01-01

    This thesis consists of three chapters on investment climate in developing countries. The first chapter examines the investment climate (IC) effects on the growth of developing countries. In contrast to past studies in the IC literature, which narrow their investigation to a subgroup of IC variables, I measure multiple dimensions of the investment climate in a single index. To construct an IC index, I use the methodology proposed by Escribano and Hacihasanoglu (2012 and 2013) to com...

  9. 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...

  10. 78 FR 68444 - Notice of Agreements Filed

    Science.gov (United States)

    2013-11-14

    ... . Agreement No.: 010071-040. Title: Cruise Lines International Association Agreement. Parties: AMA Waterways.... By Order of the Federal Maritime Commission. Karen V. Gregory, Secretary. BILLING CODE 6730-01-P...

  11. 75 FR 31438 - Notice of Agreements Filed

    Science.gov (United States)

    2010-06-03

    ... Lines Joint Service Agreement. Filing Party: Tara L. Leiter, Esq.; Blank Rome, LLP; Watergate; 600 New... Service Agreement. Filing Party: Tara L. Leiter, Esq.; Blank Rome, LLP; Watergate; 600 New...

  12. 75 FR 74732 - Notice of Agreements Filed

    Science.gov (United States)

    2010-12-01

    ... after November 24, 2010. Agreement No.: 012111. Title: Hainan PO Shipping Co., Ltd. and TS Lines Ltd. Slot Charter Agreement. Parties: Hainan PO Shipping Co., Ltd. and T.S. Lines Ltd. Filing Party: Neal...

  13. Quality Investments in the 11th Hour

    OpenAIRE

    Moritz Meyer-ter-Vehn; Simon Board

    2010-01-01

    If the firm does not know its own quality, we show that the firm stops investing when its reputation gets close to the exit threshold and its life-expectancy vanishes. If the firm knows its own quality, to the contrary, we show that the firm optimally invests until its reputation falls to the point where the low-quality firm exits the market. While the life-expectancy of a low-quality firm vanishes, investment remains profitable because investment success, that increases the firm’s quality, a...

  14. Real Time Investments with Adequate Portfolio Theory

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    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.

  15. Optimisation of Investment Resources at Small Enterprises

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    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.

  16. The Performance of Socially Responsible Investments

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    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.

  17. 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

  18. Attraction of Investment in Agriculture of Kazakhstan

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    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.

  19. TAXES APPLYING TO CAPITAL INVESTMENT ACQUISITION

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    AURA EMANUELA DOMIL

    2012-05-01

    Full Text Available In this workpaper we discussed about tax implications of a capital outlay at the time of acquisition depend on the type of investment being acquired. Many capital outlays, such as introduction of a new product, are combinations of a variety of smaller investments. Governments periodically introduce investment tax credit programs to spur investment. We also discussed about the adjustments that need to be made for corporate taxes at the capital acquisition stage, the operating or asset usage stage and the disposal stage.

  20. 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.