Starting from the issuance and the business of securities and the legal responsibility of information disclosure of listed company, this paper compares the similarities and differences of information disclosure of security markets on both sides of Taiwan Straits.
With the development of cross-border financing and the growing of the international securities held with an intermediary, the applicable law to securities held with an intermediary and the safety of the relevant parties in the cross-border transaction attract more and more attention in the field of Private International Law.
The study of virtual capital aims to provide theoretical basis for the managers of negotiable securities and macro policy makers in order to standardize the negotiable securities market, initiate the rental investment and hold back and constraint the illegal speculation and action.
Security invesement fund (SIF) is an investment orgnization that gather the dispersive fund ,by issuing SIF unit based on the principle of investing and shareing risks and profits together, to invest on securities for intended investment goal.
(2) The doers in the crime, in objectivity, conduct the behaviors of using government bonds and any other nation-issued valuable securities which are altered or counterfeited to swindle a large amount of money.
In trading market, investment bank can help enterprises which are shortage of funds to sell any kind of marketable securities and also can help enterprises make use of their available funds to buy marketable securities.
The securities market is a trading market including issuing market andcirculation market, which marketable securities such as governmentsecurities corporate bonds and debentures and stock etc is dealed, is alsoa important part of capital market.
The equation shows that 9 finance index have important relationship with default ratio, they are ROE, Debt Ratio, Asset Turnover Ratio, Gross Profit Ratio, Scale of Assets, Currency Ratio ([Currency+Marketable Securities]/Current Liability), Debt Structure (Current Liability/ Total Debts), Currency/daily Revenues and Quality of Assets (Accounts Receivable/Total Assets).
· The application of credibility theory to portfolio selection problem is considered, three types of fuzzy portfolio selection models are presented, and the distributive investment solutions are obtained.
In the foreword, I simply introduce the main reasons and the harm to the society of the crime of securities; study the crime of fraud against portfolio in the crime of securities in theory and the necessity of finding out the countermeasure of prevention.
A direct method in optimal portfolio and consumption choice
In this paper, we use a direct method to solve the optimal portfolio and consumption choice problem in the security market for a specific case, in which the utility function is of a given homogenous form, i.e.
By using duality methods the existence of optimal portfolio consumption is proved, and the explicit solutions leading to feedback formulae are derived for deteministic coefficients.
Fur-thermore, the limiting distribution of average cost of a portfolio of increasing life insurance for multiple-life status is studied.
This paper proves that multiple default intensities are invariant under equivalent martingale transformation, given a well-diversified portfolio corresponding to the defaultable bond.