Ecology is Good Business Essay Example | Topics and Well Written Essays - 1250 words

Ecology is Good Business - Essay Example With the obvious realism of coming global ecological crisis, there have been many efforts that have been made for moral revolution which would look into probability of incorporating ecological values in the world especially in the global business culture. This has been expressed through many efforts like the green thinking that seeks to transform the world to go green and reverse the trend of environmental pollution. The call for concept of sustainable development has informed us that this world does not belong to us but rather it belongs to the coming generation. Moral transformation that leads to sustainable development has been supported by many efforts. This paper will look closely at ecology as a good business practice that is vital to the concept of sustainable development. (Brown 1996, p. 1) The concept of good ecology as equal to good business can be argued on many front depending on the issue at hand. For some issues, good ecology can turn to be bad business but on many issues, good ecology is good business. Good ecology means development both technologically and socially that is conscious of the world we are living in and the issues that are currently locking the world especially the issue of environment. Every time we mention about ecology, we cannot avoid the issue of the environment simply because it is what composes the planet. Environment is anything that surrounds us from forests, people, infrastructure, soil, and other natural and manmade features. The issue of ecology in the modern days has taken the turn of environment laws fighting to reverse the trend of a polluted landscape which is taking toll on the communities inhabiting these landscapes. Good ecological practices have been seen as those practices which care about the environment where we are living in. Unfortunately, the issue of environment has been so much politicized which has made it difficult for the world to tackle

Portfolio Risk Utilising a Value at Risk Methodology Dissertation

Portfolio Risk Utilising a Value at Risk Methodology - Dissertation Example my gratitude and thanks to my supervisor Tony Hall and course leader Jason Law whose insight and experience showed me the right path and guidance to complete this project. My acknowledgment would not be complete if I miss to thank other tutors and classmates who were the source of learning and enjoyment throughout my stay at the university. Table of Contents Table of Contents 6 CHAPTER 1 8 INTRODUCTION TO CHINA 'S STOCK MARKET 8 1.1 Introduction 8 CHAPTER II 12 1.2 Stock Market Development from 1922 12 1.3 Institutional Facts about the Chinese Stock Industry 12 1.3.1 Stock market structure 12 1.3.2 Share structure 13 1.3.3 Investors 14 1.3.4 Listing and de-listing 14 1.3.5 Trading mechanism 16 1.4 Value at Risk 17 1.4.1 Definition of Value at Risk 18 1.5 Existing Approaches in Value at Risk Estimation 21 1.5.1 Traditional Historical Simulation 21 1.5.2 Variance-Covariance Approach 23 1.5.3 GARCH Model Building Approach 25 1.5.4 Monte Carlo Simulation 25 Chapter 3 28 Value at Risk Methodology 28 Introduction 28 1.2 Portfolio VAR 31 1.3 Historical Simulation 33 1.4 Monte Carlo Simulation 34 1.5 VAR Strengths and Weaknesses 35 CHAPTER IV 37 DYNAMIC CORRELATOIN OF CHINESE STOCK 37 4.1 Introduction 37 4.2 Data and Descriptive Statistics 40 4.2.1 The Data 40 4.2.2 Summary statistics 41 4.3 The dynamic Correlation Coefficient Model 45 4.4 Empirical Estimations 48 CHAPTER V 51 CONCLUSION 51 Effects of policy change 51 Conclusion 53 CHAPTER 1 INTRODUCTION TO CHINA 'S STOCK MARKET 1.1 Introduction With China's rapid transition to a modern economy, all of its business sectors and industries are undergoing dynamic changes. A substantial amount of working capital is required by business firms, and economic development in China demands rapid advancement of capital...With China’s rapid transition to a modern economy, all of its business sectors and industries are undergoing dynamic changes. A substantial amount of working capital is required by business firms, and economic development in China demands rapid advancement of capital markets. In retrospect, the first stock in China, Shen BaoAn, was issued in 1983. By then China had no securities exchange, and stock trading activities were operated virtually underground (Chen and Sun, 2003). It was three years later, on September 26, 1986, that the JinAn Business of CICB Shanghai Trust and Invest Company began to trade its stocks over the counter. Nevertheless, the local secondary market trading was still unofficial and unorgani zed (Gordon and Li, 1991). After several years’ effort and a learning period, the Shanghai Stock Exchange and Shenshen Stock Exchange were formally established on December 19, and December 1, 1990, respectively. Since their establishment in the early 1990s, developing Chinese stock markets have received a great deal of attention from both domestic and international practitioners and researchers. The main reason for this is that, before 1982, the Chinese economy was a central planning system in which no private business was allowed, and there was no market-oriented banking system. The constitution Act in 1982 lifted the ban on private business activities (Shirai, 2002), allowing a large number of state-owned enterprises (SOEs) and banks to be privatized and incorporated.