Charitable life insurance--the ideal deferred gift

As financial pressures on non-profits rise, fund raisers are constantly searching for alternative income sources. Life insurance may be one of them.     

The impact of reporting frequency on the information quality of share price: evidence from Chinese state-owned enterprises

As a major global exchange, the Stock Exchange of Hong Kong (SEHK) only requires semi-annual reporting whereas other major exchanges including the ones in Chinese mainland require quarterly reporting. We argue against the traditional view that higher reporting frequency is necessarily more beneficial. The decision on reporting frequency depends on how the information is being processed by the recipient traders and the results are not obvious. Using a sample of Chinese companies duallisted in both China A share market and SEHK (AH shares) as the experimental group and mainland’s companies listed on SEHK (H shares) only as the control group, we apply the difference-in-difference (DID) method to investigate the impacts of reporting frequency on stock information quality. The results suggest that after China A share market require quarterly financial reporting for all listed companies in 2002, the information asymmetry of the H tranche of AH stocks increases. Different from prior studies, the results suggest a negative association between stock information quality and financial reporting frequency. We argue that the increased information asymmetry in the H tranche is caused by the noise spilled over from the A tranche. We conduct multivariable GARCH tests and find evidence supporting this conjecture.     

欧元沦陷谁之罪

无知幸福的希腊人 52岁的业尼斯·格里瓦斯现在对布鲁塞尔根本就没什么兴趣.身为希腊税务员工会的主席,他在雅典的示威游行队伍中咆哮如雷: 欧盟那帮统治者到底还打算看希腊流多少血?     

河北省“农超对接”现状研究

本文在分析"农超对接"现状的基础上,剖析了河北省农超对接中的不足,并结合河北省的实际情况提出了下一步农超对接发展的方向,以及未来"农超对接"健康发展的对策和方法。