Fair value disclosures and crash risk

In response to the public criticism of the inadequate disclosures mandated by SFAS No. 157, Fair Value Measurements, the FASB issued ASU (Accounting Standards Update) 2010–06, Improving Disclosures about Fair Value Measurements, and ASU 2011–04, Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements, in an effort to increase the reporting transparency. We examine whether the increased fair value disclosures required by these two updates effectively decrease crash risk, defined as the frequency of extreme negative stock returns. In support of the hypothesis, we find that increased transparency from these updates reduces crash risk among U.S. banking firms and that the reduction is greater in banks that have a higher level of Level 3 financial assets.     

Conservation finance and sustainable tourism: the acceptability of conservation fees to support the Tambopata National Reserve,Peru

Protected areas are key to the conservation of global biodiversity and ecosystem services; however, their success is contingent upon adequate funding. One possibility to increase funding for park management is to “sell” a wider suite of ecosystem services “produced” by protected areas, such as carbon sequestration. We conducted 420 tourist surveys to analyze willingness to pay (WTP) for ecosystem service benefits via a conservation fee in the Tambopata National Reserve in Peru. We also interviewed eight tour operators about their perceptions of the proposed fee. The average stated WTP was 15 USD. Sixty-six percent of tourists stated they would pay 10 USD or more, which, if actually paid, would have resulted in 318,000 USD for park management in 2015. Most respondents stated they would pay an additional fee if it supported biodiversity conservation or local ecosystem services, such as water, but less than 10% of tourists were motivated by carbon sequestration as a reason to pay the fee. Most tour operators supported the additional fee. Our findings suggest that tourists are willing to pay higher fees to support conservation but that interest in paying for additional ecosystem services from parks may not extend to global and intangible benefits such as carbon sequestration.     

2015:Make-or-break Year for China’s Cross-Border E-Commerce Companies

Iresearch estimates that the volume of China’s cross-border e-commerce accounted for China total export-import volume 11.9%in 2013,up to 14.8%in 2014.By 2017,cross-border e-commerce occupies a proportion of the total amount of China’s foreign trade that is expected to reach about 20%.T-he players shared their different opinions with China’s Foreign Trade.     

Environmental Protection Becomes the Trend for Dye Industry Transformation

Digitat printing,green and environment-friendly dyeing auxiliaries become focus As one of the top exhibitions for global dyeing industry,the 12th China International Dye Industry Pigments and Textile Chemi cals Exhibition was held on April 11,2012 in Shanghai.In the exhibition,as the key fields for recent two years,environment friendly dyeing auxiliaries and printing equipments continued to be hot issues.Environmental protection for textiles and textile production was attached much importance,and non-toxic,non-polluting “green fabric” has become the mainstream for production and consumption.     

Top Galleries Come Together for Art Beijing 2011

From April 29 to May 2,2011,the Art Beijing 2011 Contemporary Art Fair was held at the New Hall of the National Agricultural Exhibition Center in Beijing. The theme wasPushing Forward Chinese Contemporary Art.The main art fair for the Art Beijing brand—the Art Beijing Contemporary Art Fair has been successfully held for five consecutive years,presenting a perfect balance of Asian and international aesthetics. The fair also provides a platform for academic and economic perspectives toward the development ...     

China to Promote Investment in Jamaica

Jamaica is one of China＇s important trade partners in the English-speaking Caribbean, in recent years, bilateral trade has developed rapidly, although last year, because of the economic crisis, bilateral trade has been greatly affected.According to China Customs statistics, bilateral trade in 2008 amounted to US$291 million. Influenced by the financial crisis, bilateral trade between China and Jamaica in 2009 was US$2.19 million, down 25.7% when compared with the same period in 2008. However, with the continuous development of the two economies, bilateral economic and trade has great potential. Dur- ing the state visit of the Jamaican Prime Minister to China,     

India-China Bilateral Trade to Touch $60 Billion

On occasion of National Day of India at Shanghai World Expo, an India Business Forum was held on 19 August 2010. One of the largest ever business delegation from India led by Minister of State for Commerce ＆ In- dustry, Mr. Jyotiraditya M Scindia at- tended in Shanghai from 17th August to 19th August 2010.     

Dusseldorf's Pro-China Strategy

Since 2004,the number of enterprises China has invested in Dusseldorf has tripled.This is attributed to Dusseldorf's “proChina” strategy,which aims at providing investors with customized and oneto-one service guidance to help them adapt to the local conditions and step onto the track.So far,Dusseldorf has become a region in Germany with the fastest growth in the number of Chinese enterprises,revealed Uwe Kerkmann,Director of the Germany Dusseldorf Economic Promotion Bureau,in an interview with China's Foreign Trade.     

A True Partnership for Stronger Intellectual Property Protection in China

<正>From 2007 to 2011,the EU-China IPR2 Project reports successful cooperation bet ween EU and China,according to a closing ceremony held by the EU-China IPR2 co...