Based on the panel data of China Health and Retirement Longitudinal Study (CHARLS) in 2011, 2015, 2018, this paper used difference-in-difference (DID) method to evaluate implementation effect how Long-Term Care Insurance (LTCI) policy impacted medical expenses health status middle-aged elder population. The empirical results show that LTCI has reduced outpatient inpatient quantity by 0.1689 0.1093 per year, cut 23.9% 19.8% year. Moreover, improved self-rated health, activity daily living...

Although, especially in the past decade, poverty measurement approaches have been duly developed two paths (from unidimensional to multidimensional and from absolute relative poverty), merely a few studies focused on combination of both perspectives. However, with global aging, among older adults simultaneously presents multidimensionality relativity characteristics. This paper explores index (MRPI) aged group four dimensions, namely, health, social, mental, material, then empirically...

A great many cloud users face a difficult challenge in respect of the forthcoming EU General Data Protection Regulation, which comes into effect on 25th May, 2018. While all computer systems are continuously under attack, those who operate conventional distributed network stand far greater chance being able to demonstrate compliance than use based systems. The main reason for this discrepancy between two approaches is down as yet unsolved forensic problem, meaning will be completely unable...

Abstract An asymmetric DCC – GJR GARCH model is applied to the Turkish and US REIT markets in order estimate time‐varying correlations between stock markets. Using these estimated correlations, we investigate impact of dividend payouts on diversification potential REITs for market investors. Our choice based its unique policy, while data provide a benchmark comparison. This study has number motivations contributions that make it worthwhile undertaking. First, document policy related...

Abstract Despite the lack of convincing evidence that active investment fund managers add value, number actively-managed US mutual funds has increased substantially over last 25 years. While non-sector diversified have received much attention, sector funds, except real estate (REMFs), not. In this paper, we provide new and more robust on performance REMFs compared to all actively managed funds. We use Carhart four-factor model with an additional liquidity factor as a risk-adjusted benchmark....

We examine the performance of active, global real estate mutual funds (GREMFs), both at sector and individual fund levels. apply a bootstrap procedure to separate genuine skills from luck. find no evidence skills, but lack in bottom 10% funds. that outsourcing has positive effect on GREMFs negative overall. also timing or stock selection. Overall, our results suggest there is benefit U.S. domestic investor investing GREMFs.

Executive characteristics have a significant impact on corporate decision-making, sustainable behavior, and stock market performance, which may influence the corporations' development in long run. The role of returnee talents has received extensive academic attention. Using data Chinese A-share listed companies over period 2008-2018, we find that there is negative relationship between executives' foreign experience price synchronicity. We also prove social responsibility (CSR) mediating...

In China, courts may refuse to accept certain legal actions involving financial matters without any solid or explicit grounds. An analysis of such a phenomenon should help scholars understand the functioning logic China's judicial power. This article suggests that there are number reasons behind filtration system, including lack applicable rules, weak ability complicated matters, background economic system transition, political consideration ‘maintaining social stability’ and judiciary...

O2O e-commerce model is a promising young derived from the traditional ecommerce model, it especially solves store sales problem in service industry and commodity backlog of business.After rise China, got wide response merchants every field..In order to provide consumers with better services, trading patterns are changing: "Electronic Market + Logistics Distribution" → To Store Consumption", intersection online offline becoming reality by mobile local experiences, so can have both...

Many cloud users are oblivious to the potential regula¬tory risks facing them should they be unable comply with EU General Data Protection Regulation (GDPR). As a result of one last minute changes GDPR year, whereby instead requiring reporting breach 'within 72 hours occurrence that breach', it was changed discovery breach'. Until this subtle shift in regulation took place, great many companies were very focussed on cutting time between and discovery. Now, companies, both large small, have...

Supply chain information disclosure is a vital factor for corporate investment efficiency and can signal corporation’s long-term sustainable development. However, little attention has been paid to its significance. In this paper, we investigate how supply affects decisions. Using sample of Chinese-listed firms, find that firms disclose nonfinancial are more likely have high level efficiency. We also identify the mechanism underlying effect by examining mediating financial constraints agency...

This paper aims to find a way form port cluster with rational development. Based on demand-supply balance, Game Theory was used analyze the mechanism of decision-making construction investment. Under hypothesis information symmetry, and duopoly market, we established both static game model an extensive perfect process, while object is maximize each port's investment profit under individual rationality. Besides, introduced dummy variable describe influence local financial supports. The...

In this paper we provide a comprehensive analysis of the performance US SRI mutual funds as well its relation to flow new money that those experience in context investors sophistication. particular, compare retail and institutional shareclasses analyse flow-performance performance-flow for classes. Our provides insights into role sophistication relations presence sustainability preferences. We find fund sector earns positive abnormal returns before expenses outperform their peers both, after...