Multi-period transportation network investment decision making and policy implications using econometric framework

Purpose – The purpose of this study is to examine the usefulness of derivative disclosures from the perspective of Chinese institutional investors in relation to their investment decision-making. Design/methodology/approach – This study uses semi-structured interviews with 21 institutional investors based in China including 10 funds managers and 11 professional analysts. Findings – This study finds that the information on the use of derivatives disclosed by listed companies in China is generally perceived to be useful to Chinese institutional investors (e.g. funds managers and professional analysts) in facilitating their investment decisions, although such information is generally thought to be less significant compared to other fundamental financial information such as assets, liabilities and profits/losses. It also finds that the current provisions of derivatives-related information by Chinese listed companies are largely unsatisfied primarily because of insufficient information and the lack of timely disclosures. Furthermore, it finds that the accounting and reporting policies currently imposed in China appear to be little understood by Chinese investors. Research limitations/implications – This study has its own limitations due to the approach of interviews with a relatively small sample from only two investment firms in China. Practical implications – The findings from the study provide a number of policy implications for derivatives regulators and accounting standards setters. Originality/value – This study is the first study of its kind to investigate the perceptions of Chinese institutional investors on the usefulness of derivatives reporting and disclosures with the use of interview research method.

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Research and Application of Power Network Investment Decision-making Model based on Fuzzy Real Options

2007 International Conference on Service Systems and Service Management ◽

10.1109/icsssm.2007.4280151 ◽

2007 ◽

Author(s):

Ming Zeng ◽

He Wang ◽

Ting Zhang ◽

Baozhu Li ◽

Shulin Huang

Keyword(s):

Decision Making ◽

Real Options ◽

Investment Decision ◽

Power Network ◽

Model Based ◽

Investment Decision Making ◽

Network Investment ◽

Decision Making Model

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Quantitative study on benefits of distribution network investment

E3S Web of Conferences ◽

10.1051/e3sconf/202127101008 ◽

2021 ◽

Vol 271 ◽

pp. 01008

Author(s):

He Yongxiu ◽

Lu Ye

Keyword(s):

Decision Making ◽

Evaluation Method ◽

Investment Decision ◽

Distribution Network ◽

Social Benefit ◽

Extensive Experience ◽

Life Cycle Theory ◽

Investment Decision Making ◽

Network Investment ◽

Qualitative Index

The development of distribution network in China lags behind the transmission network seriously, which is difficult to meet the development needs of high proportion of renewable energy power system in the future. Facing the huge investment demand of distribution network, it is urgent to improve the existing extensive experience based investment decision-making method and avoid the subjectivity of qualitative index evaluation method. In this paper, the life cycle theory and input-output method are used to study the quantification of distribution network investment benefit. The quantitative models of economic benefit and social benefit of distribution network investment are established to provide support for the comparison and decision-making of distribution network projects. Finally, an empirical analysis of the investment benefit model of a high-voltage distribution network project is carried out to verify the feasibility of the research results.

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