Volume 4 Issue 3
Authors: Ayako Hashizume
Abstract: Although it has been three years since the Great East Japan Earthquake, the affected areas continue to face tough conditions and concerns regarding local community reconstruction and the viability of communities themselves remains. When it is difficult for local residents to reconstruct their communities on their own, they must utilize resources from entities such as the government and NPOs. What becomes important in such cases? In addition, there may be cases when the residents cannot return to their homes due to either the nuclear accident or the damaged seawalls for tsunami protection. In that case, how and what types of community organizations should be formulated? In the affected areas with many elderly people, what types of reconstruction support can be provided using information and communications technologies (ICTs)? This paper intends to consider how communities in affected areas can be reconstructed.
Keywords: Community; Reconstruction; Support; Disaster-Affected Area; Information and Communications Technology
Authors: Song Xiaohua; Wu Yaqin
Abstract: The paper chooses 2011-2013 non-financial companies listed on the Shanghai Stock Exchange and Shenzhen Stock Exchange as samples to study the correlation between the corporate performance (ROA) and ownership concentration (the largest shareholder CR_1, the ratio between the largest shareholder and the second largest shareholder Z Index, Herfindahl index H_5). By establishing the regression equation, it can be researched how the concentration of ownership affects operating performance. Through the paper, we find that 1) there is a significant correlation between ownership concentration and corporate performance; 2) there is a strong positive correlation between the proportion of the largest shareholders and corporate capital gains rate; and 3) the Z index and the ROA ratio has a weak negative correlation.
Keywords: Ownership Concentration; Corporate Performance; ROA; Stepwise Regression