Efficiency Of Funds Use Research Articles

Assess the Efficiency of Ping An and Ren Shou’s Use of Life Insurance Business FundsBased on the DEA Model

Ping An and Ren Shou have always been the two leading players in China’s life insurance industry. Ping An, founded in 2002 as a private enterprise, has been continuously improving its life insurance to try to surpass Ren Shou, which was established in 1996 as a state-owned enterprise. Losing the advantage of starting capital amount and experience, the best way for Ping An to surpass Ren Shou is to enhance its capital operation efficiency. This paper takes the capital utilization efficiency of Ping An as the main study object compared to that of Ren Shou to give suggestions for the use efficiency of funds. The DEA was used to analyze the data of investment income, operating income, management expenses etc. of the two companies from 2006 to 2021. The operating results showed that fund-using of Ping An was less efficient than that Ren Shou. According to the results, the recommendations given are to improve pure technical efficiency, expand the size of the company, and establish a money management company.

Assessment and Forecast of the Efficiency of Use of the Financial Resources of Amalgamated Territorial Communities in the Context of European Integration

The task of forecasting in economics is fulfilled by developing a variety of econometric models. The complexity of actual relations between the economic indices requires improvement of the existing and creation of new methods of modeling. That diversity is limited by the current set of elementary mathematical functions, whereas some of them cannot be applied in economics. At the beginning of the 21st century, it was proposed to use the functions of complex variable in economics. Due to their properties, which differ from the functions of real variables, they describe relations between the economic indices in a different way. Particularly, exponential presentation of a complex variable provides easy assessment of the relations between the economic index, presenting the real part of the complex number and the index, which describes its imaginary part. The trigonometric representation of the complex variable provides a more precise assessment of the studied econometric indices. Basing on the theory of the functions of complex variable, the authors of the article make assessment of the efficiency of funds use by the communities in Lviv region. In particular, the relation of the dynamics of income per one resident and the costs for maintenance of the managerial apparatus in terms of one resident in each of the amalgamated territorial community is considered as a function of complex variable. Using the statistical data, the authors have developed modules of complex variables and their arguments, which demonstrate the dynamics of relations between those components. The work also presents developed exponential functions of complex variable with the real coefficients, which have high approximation properties and can be used to make forecast of the efficient use of funds of each ATC in the future. The methodology can be used not only for assessment of the efficiency of funds use by amalgamated territorial communities, but also for evaluation of the general activity of communities, as well as for the analysis and forecast of production processes and planning on different enterprises.
 Keywords: complex numbers, economic and mathematical modeling, nonlinear models, territorial communities, Lviv region, social development, efficiency of the use of funds.

Exploring the Effectiveness of Multifunctional Cultivated Land Protection Linking Supply to Demand in Value Engineering Theory: Evidence from Wuhan Metropolitan Area

The purpose of this paper is to analyze the effectiveness of multifunctional cultivated land protection based on the value engineering theory. The study area is the Wuhan Metropolitan Area. Entropy method, comprehensive index method, opportunity cost method and most suitable regional method were employed. The coefficients for importance of functions, for costs, and for values in production, social and ecological of cultivated land were measured. Significant spatial differences in the effectiveness of multifunctional cultivated land protection were found. According to the effectiveness of multifunctional cultivated land protection, the study area can be divided into the following three regions: the “most suitable region”, where the functions of cultivated land and their costs are matched in most parts of the study area; the “optimization region for functional structure”, mostly located in the Jianghan Plain, where the structure of multifunctional cultivated land needs further optimization; and the “improvement region for functional level”, including the mountainous areas, such as Yingshan and Wuxue in the East, and the municipal districts, such as Wuhan and Ezhou, where the potential for improving level of multifunctional cultivated land is relatively large. The article contributes to firstly introducing value engineering theory into the research of cultivated land protection, linking demand to supply of functions of cultivated land. We suggest that different policies might be implemented to optimize the spatial layout of cultivated land protection, and to manifest and coordinate multiple functions of cultivated land. It is vital to improve the use efficiency of funds for multifunctional cultivated land protection, and in the end to realize effective protection of cultivated land in quantity, quality and ecology at a lower cost in a sustainable way.

The Impact of Financial Equity Perception of Non-profit Organization Donors on Donation Willingness

The nonprofit organizations are playing a more and more important role in the economic and social development in recent years. However, they are faced with kinds of financial problems such as fraud, corruption, misappropriation of funds and a lack of transparency, seriously bruising the donating enthusiasm of donators and damaging the rights and interests of investors. As a financial part of perceived organization justice, the financial fairness perception of donors is a subject feeling, has a certain effect on the amount and frequency of donation, and is the key factor for many nonprofit organizations to raise enough funds. Through a survey of NPO donors, this paper uses structural equation analysis to show that financial results fairness directly affects the personal donation willingness to NPOs, financial procedural justice does not have significantly direct effect and has indirect influence on the donation willingness through financial results fairness, and financial information fairness has direct influence and indirect influence through financial procedural fairness and financial results fairness on donation willingness. Therefore the nonprofit organizations should arrange funds use reasonably according to the investors’ willingness, improve the efficiency of funds use, disclose financial information in time, thereby improving financial fairness perception, to raise more funds by the rise in individual donating willingness.