Research of the Effectiveness of the Growth of Smes under Intellectual Capital Driven-based on the Empirical Analysis of Smes in China Listed Companies

2013 ◽  
Vol 12 (20) ◽  
pp. 5669-5672
Author(s):  
Xiao Yongjun
Keyword(s):  
Empirical Analysis ◽  
Intellectual Capital ◽  
Listed Companies ◽  
The Empirical Analysis

scholarly journals Analysis on the Effect of Chinese Medical Reform Policy on Medical Listed Companies -- Empirical Analysis on Listed Companies’ Stocks Returns

2018 ◽  
Vol 9 (2) ◽  
pp. 20
Author(s):  
Xiaoqian Fu
Keyword(s):  
Empirical Analysis ◽  
Study Finding ◽  
Listed Companies ◽  
Systemic Reform ◽  
Private Hospitals ◽  
Medical Reform ◽  
Stock Market Reaction ◽  
Industrial Planning ◽  
The Government ◽  
The Empirical Analysis

This paper studies the stock market reaction of medical reform policies to examine policies’ effect on the listed companies which invested in hospital. This paper applies the method of Event Study, finding out that the announcement of the new round of medical and health systemic reform in 2009, the key work for medical and health systemic reform and its detailed rules of implementation in 2010, and the setting of several specific goals to develop the private hospitals run by civilians in 2012, have taken increases of listed companies’ stocks returns (rate of return) by 2.95%, 4.64% and 4.92% separately. That means the whole market value rose by almost 55 billion, 128 billion, and 131 billion of RMB respectively. The empirical analysis results show that share price’s return rate of the listed companies which invested in hospital are significantly associated with industrial planning and supporting policies launched by the government. That is to say, Chinese government’s policy which began to encourage and guide civilian capital to develop the medical industry stimulated the medical and health industry effectively and significantly.

scholarly journals Corporate governance and intellectual capital disclosure. An empirical analysis of the Italian listed companies

2016 ◽  
Vol 13 (2) ◽  
pp. 187-201 ◽  
Author(s):  
Maria Assunta Baldini ◽  
Giovanni Liberatore
Keyword(s):  
Corporate Governance ◽  
Content Analysis ◽  
Empirical Analysis ◽  
Intellectual Capital ◽  
Ownership Structure ◽  
Audit Committee ◽  
Listed Companies ◽  
Annual Reports ◽  
Board Composition ◽  
Competitive Position

Intellectual capital (IC) as well as disclosure of information on IC has in recent years gained importance. IC is the key issue in strengthening a firm’s competitive position and in achieving its objectives. The purpose of this study is to investigate some determinants of the disclosure of IC in annual reports. In particular the aim of this research is to analyse the internal mechanisms of corporate governance (board composition, role duality, ownership structure, auditor type and size of audit committee), which influence the intellectual capital disclosure in corporate annual reports for a sample of all listed Italian firms at 31st December 2010. It has been used a disclosure index as a dependent variable, (ICD), and the method used to measure it is content analysis.

scholarly journals Can Managing Overseas Experience Improve Investment Efficiency

2021 ◽  
Vol 14 ◽  
pp. 108-122
Author(s):  
Yuchao Zhou ◽  
Caixia Zhou
Keyword(s):  
Empirical Analysis ◽  
Listed Companies ◽  
Investment Efficiency ◽  
Empirical Results ◽  
Corporate Executives ◽  
The Impact ◽  
The Empirical Analysis ◽  
A Share

The efficient investment of enterprises is inseparable from the professional ability of managers. It has been found that the overseas experience of corporate executives can improve the investment ability of managers.This paper takes Shanghai and Shenzhen A-share listed companies from 2004 to 2020 as the research object, and investigates whether managers' overseas experience can improve the investment efficiency of enterprises. The empirical analysis results show that enterprises with overseas managers can improve the phenomenon of over investment, but the impact on the underinvestment is not significant.Based on the empirical results, it is found that the characteristics of managerial returnees have different impacts on enterprises in different industries. Compared with export-oriented enterprises, the characteristics of managerial returnees have more significant impacts on export-oriented enterprises.The reason for these results may be that managers' overseas experience is more conducive to the development of non-export-oriented enterprises.

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