Journal of Finance and Accounting

Volume 4, Issue 2, March 2016

  • Calibration of Implied Volatility in Generalized Hull-White Model

    Fangfang Zhao, Zuoliang Xu, Changjing Li

    Issue: Volume 4, Issue 2, March 2016
    Pages: 25-32
    Received: 6 March 2016
    Published: 6 March 2016
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    Abstract: This paper concerns a problem of calibrating implied volatility in generalized Hull-White model from the market prices of zero-coupon bonds. By using the regularization method, we establish the existence and stability of the optimal solution, and give the necessary condition that the solution satisfies. Finally numerical results show that the metho... Show More
  • Impact of the Global Crisis of the Subprime on the Current Stock Price

    Samout Ammar

    Issue: Volume 4, Issue 2, March 2016
    Pages: 33-46
    Received: 18 February 2016
    Accepted: 25 February 2016
    Published: 10 March 2016
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    Abstract: The present study is therefore based on the determination of the behavior of stock markets during the period of the subprime crisis via the phenomenon of integration and the contagion, the variable used in this study is nothing other than the stock market index. The databases used in this study are daily data of the price of stock indices of 5 deve... Show More
  • Discussion on the Employee Motivation

    Qiya Wang

    Issue: Volume 4, Issue 2, March 2016
    Pages: 47-51
    Received: 24 March 2016
    Published: 25 March 2016
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    Abstract: With the development of market economy in our country, catering business has become very important in the industry of our country's economy. The development of enterprises in the food process, the personnel have become increasingly prominent. Human Resources have become a key factor in the healthy development of the company. Employees are the core ... Show More
  • The Non-audit Business Impact on Audit Independence and Its Research

    Zhao Yan

    Issue: Volume 4, Issue 2, March 2016
    Pages: 52-57
    Received: 13 April 2016
    Published: 14 April 2016
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    Abstract: With the development of social economy, the traditional audit review business of accounting firms already can’t adapt to the fierce competition, according to the repositioning strategy, the development of non-audit services is imperative, but inevitably in the process of providing non-audit services there are a lot of problems, which is worthy to t... Show More
  • Research on Evaluating the Operation of Power Supply Companies

    Zhongfu Yu, Shengfan Ye, Shuyuan Tang

    Issue: Volume 4, Issue 2, March 2016
    Pages: 58-63
    Received: 13 April 2016
    Published: 15 April 2016
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    Abstract: Power supply companies undertake the important duties of transmission, distribution, the sales of electricity and other social services in the power system, the quality of whose operating conditions directly affect the sustainable development of the corporations and the normal operation of the entire electricity market. The tailored and comprehensi... Show More
  • The Influence of Exports on Technology Progress —— Empirical Study Based on Multinational Panel Data

    Qiang Jiang, Guangtong Wang

    Issue: Volume 4, Issue 2, March 2016
    Pages: 64-70
    Received: 13 April 2016
    Published: 14 April 2016
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    Abstract: Using DEA method, the paper measures the 19 economies’ total factor productivity in 1990-2012 including input of energy and mineral resources, and then empirically tests the influence of exports on technology progress based on Prebisch’s “Core and Periphery Theory”. Results indicate that exports of “peripheral” states hinder its technology progress... Show More
  • Performance Evaluation of Rajshahi Krishi Unnayan Bank (RAKUB) in Bangladesh: An Exploratory Study

    Masud Rana

    Issue: Volume 4, Issue 2, March 2016
    Pages: 71-80
    Received: 24 March 2016
    Accepted: 30 March 2016
    Published: 15 April 2016
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    Abstract: Rajshahi Krishi Unnayan Bank (RAKUB) plays an important role in the economic development of the Bangladesh especially for financing the farmers of the 16 districts of Rajshahi and Rangpur in Bangladesh. Agriculture remains the most important sector of Bangladeshi economy, contributing 19.6 percent to the GDP and providing employment for 63 percent ... Show More
  • The Research on the Relationship Between Environmental Performance and Financial Performance

    Xiao Yan Shi, Jing Gang Ban

    Issue: Volume 4, Issue 2, March 2016
    Pages: 81-85
    Received: 18 April 2016
    Published: 19 April 2016
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    Abstract: In recent years, the destruction of the ecological environment has hindered the construction of beautiful China. The enterprise is the culprit among all the factors that cause environmental pollution, so the enterprise should pay attention to environment problems. Especially the heavy pollution industry of listed companies which destroy the environ... Show More