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<p>Water infrastructure forms a critical sector of our social system and provides goods and services for public health, the natural environment, economic safety, various businesses, and government operations. In the United States (US), drinking water is supplied nationally through one million miles of pipes, most of which were installed in the early to mid-20th century with a life span of 75 to 100 years. Along with this fact, water bills which are rising faster than inflation, result in communities grappling with aging water systems, fewer water resources, and extreme weather. The federal government’s share of capital investment for water infrastructure has fallen from 31% in 1977 to 4% in 2017. Regional and state expenditure has accounted for a much larger share as federal aid for water infrastructure capital needs has declined. This has led to water rates rising to cover the costs of replacing and upgrading water infrastructure in many communities across the country. They are struggling to meet such costs through local rates and fees.</p><p>Over the next 20 years, more than 56 million new users are expected to connect to centralized treatment systems, and $271 billion is needed to meet current and future demands. However, the investment in critical water infrastructure is currently only meeting a fraction of the funding need. In 2019, the total capital spending on water infrastructure at all levels was $48 billion, while investment needs totaled $129 billion, creating an $81 billion gap. As such, the most recent American Society of Civil Engineers’ Infrastructure Report Card assigned a D to the drinking water infrastructure and a D+ to the nation’s wastewater infrastructure. Ineffectual and wasteful investment in the water sector has caused an adverse effect on grades in the infrastructure report card for water infrastructures. Moreover, this may negatively impact water-reliant sectors and water-related infrastructures due to the economic ripple effect.</p><p>This research has developed a data-driven strategic investment decision support system to close the existing water infrastructure investment gap and reduce the vulnerability of aging water infrastructure. The first phase of this study was to determine the causes affecting the grades in the infrastructure report card for drinking water and wastewater infrastructure and contributing to any latent threats and prolonged risks. It uses data-driven approaches based on analysis of existing ineffective improvement methods and recommendations. It attempts to leverage a data-driven supervised statistical learning method to capture the complex relationships between new challenges and the growing demand for water infrastructure needs. The ultimate outcome of this phase is a research approach to minimize water and wastewater vulnerability and close the investment gap to help create a paradigm shift in the current state of practice. Furthermore, improving the resiliency of and increasing investments in the water and wastewater infrastructure will lead to a resilient, efficient, and reliable water future and protect the public health of future generations.</p><p>The second phase of this study was to predict the economic benefits of additional federal support in water infrastructure among interdependent sectors within an economic system to facilitate the federal government’s share of capital investment. It conducts ripple effects analysis, which predicts the effectiveness of water infrastructure capital investment using historical economic data. It explores how federal capital investment in water infrastructure spreads economic benefits within an interdependent system. This phase was conducted at the federal level using the interindustry-macro model that analyzes macroeconomic data, including over 400 sectors. Investments that are coordinated at the federal, state, and local level will help control and stabilize rising water rates across the US.</p><p>The third phase of this study was to conduct a cost-benefit assessment in terms of private, financial, economic, and efficiency considerations using nominal and real terms to maximize the benefit of investing in the water sector and reduce the vulnerability of water infrastructures. In order to measure the costs and benefits of a strategy to maximize the efficiency of limited budgets and resources, this phase conducts a cost-benefit analysis due to the investment costs for rehabilitating and improving water infrastructures using historical economic and financial data. The long-term financial framework, including considerations of deep uncertainties so that decision-makers can understand the benefit of investing assets for an optimal level versus the cost of doing nothing and allowing the asset to run to failure is developed using the cost-benefit assessment.</p><p>Finally, a data-driven strategic investment decision support system that helps governments make water infrastructure development plans and infrastructure investment decisions in the water sector is presented. It can help governments with designing a novel system or modifying existing ineffective assessment methods and recommendations aimed at minimizing the mismatch in the water infrastructure investment gap between current spending levels and funding needs. Furthermore, minimizing the risks of ineffectual and wasteful water sector investment through rehabilitating and improving water infrastructures in a rational manner will lead to improved grades in the infrastructure report card and the resiliency of interrelated infrastructures and sectors.</p>

As the concept of sustainability and environmentalism is growing due to new customer demand and regulations, production industry is facing extreme challenges in rethinking their processes and implement sustainability measures. Several companies are taking reactive measures where changes are made on the shopfloor in form of altered operations. However, preventive measures are lacking in many cases since green production system design is being overlooked due to neglection of environmental improvements in capital investment projects. The objective of this thesis is to explore the current state of environmental sustainability in a production company on its capital investment project level and see how the sustainability work relates to corporate sustainability strategy. Also, the objective is to acquire an understanding of what approaches could be included in the design phase of a capital investment to make it more environmentally sustainable by design. The purpose is to construct a green design process for designing sustainable capital investments, both practically through an interactive case study, and through a conceptual guideline. An interactive case study has been conducted at AstraZeneca in Södertälje, Sweden, to achieve the objective of this thesis. Three other companies have been included for benchmarking, and thus best practice have been acquired. A structured literature review was also conducted with the purpose of acquiring knowledge on what possible lean and green, and circular approaches are suitable for designing capital investment projects. Sustainability is a well implemented concept on corporate level in those companies studied in this thesis. However, in relation to capital investment projects as part of production system design, the concept of sustainability is somewhat lagging, suggesting that the vision on becoming a green organization is recognized on higher managerial level, but not perceived on project level. This thesis provides the reader with a conceptual guideline which guides practitioners in what possible sustainability tools could be used in different stages of capital investment design to enhance circularity. A green design process for how to improve environmental sustainability in capital investment projects was also developed and tested practically at AstraZeneca, Södertälje. Production companies require an organizational cultural change towards a green mindset that allows them to invest in often expensive and resource demanding activities that follows from implementing green processes. Applying an approach of system thinking in capital investments by including green activities that reaches all organizations within the company (such as purchasing, operations, and maintenance) are advised. Production system design is generally neglected in industry and research which can be explained by the lack of structured development processes connected to capital investments. Neglecting production system design is occurring even though it is important because of the high costs and problems in altering production systems in hindsight. / Hållbarhet och ekologism är växande begrepp som på grund av ny kundefterfrågan och nya regelverk ställer produktionsindustrin inför stora utmaningar i att tänka om processer och implementera hållbara affärsmodeller. Flera företag tar reaktiva åtgärder där förändringar görs på fabriksgolvet genom förändrade processer. Däremot saknas i flera fall förebyggande åtgärder då företag ser förbi hållbar design av produktionssystem genom att ignorera möjligheten till hållbara förbättringar i kapitalinvesteringsprojekt. Målet med denna uppsats är att beskriva nuvarande tillämpning av ekologisk hållbarhet i producerande företag på projektnivå i kapitalinvesteringsprojekt för att se hur hållbarhetsarbetet relaterar till hållbara företagsstrategier. Uppsatsen tillhandahåller även kunskap kring vilka hållbara metoder som kan implementeras i designfasen hos kapitalinvesteringsprojekt för att göra dessa mer hållbara från start. Kunskapen har använts för att konstruera en process för systematiskt hållbarhetsarbete för att designa gröna och hållbara kapitalinvesteringar. Både en praktisk och en konceptuell process har konstruerats. För att uppnå målet med uppsatsen har en interaktiv fältstudie genomförts på AstraZeneca i Södertälje, där tre andra producerande företag har inkluderats för att samla kunskap om hur andra företag arbetar med hållbarhet i kapitalinvesteringsprojekt. En litteraturstudie har också utförts med syfte att inhämta kunskap kring vilka cirkulära och gröna leanverktyg som kan användas vid design av kapitalinvesteringsprojekt. Hållbarhet är väl implementerat på organisatorisk nivå i de företag som studerats i denna studie. Däremot faller hållbarhet efter i kapitalinvesteringsprojekt, och därmed design av produktionssystem, vilket tyder på att det finns en vision om att bli ett grönt företag på organisatorisk nivå men som inte syns på projektnivå. Denna uppsats tillhandahåller läsaren med en konceptuell process vilken guidar användaren i vilka möjliga verktyg som kan användas i de olika stegen vid kapitalinvesteringsprojekt. En praktisk process för hur ekologisk hållbarhet kan förbättras i kapitalinvesteringsprojekt har också konstruerats och testats på AstraZeneca i Södertälje. Producerande företag kräver en organisatorisk grön kulturförändring som tillåter dem att investera i ofta dyra och resurskrävande aktiviteter som grundas i implementering av gröna processer. Mer uppmärksamhet bör riktas mot systemtänk i kapitalinvesteringar genom att inkludera gröna aktiviteter som genomsyrar hela organisationen på produktionsnivå, inköpsnivå och underhållsnivå bland andra. Design av produktionssystem ignoreras generellt i industrin och akademin vilket kan förklaras av avsaknaden av strukturerade utvecklingsprocesser kopplade till kapitalinvesteringar. Detta trots vikten av designarbete av produktionssystem då förändringar i systemet i efterhand ofta är både dyrt och problematiskt.

本文的研究意旨在於探討企業所投入的研究發展支出及資本支出對經營績效及股價報酬產生何種影響，希望能提供給企業經營者在決定研發政策或資本支出決策時參考。 本論文以國內上市櫃公司（除金融服務業外）作為研究樣本，並以2001年至2011年間為實證期間，進行迴歸模型分析，探討研發支出、資本支出等重大支出對於公司經營績效及股價報酬所產生的效果，並探討國內電子次產業如半導體產業、光電產業、電腦周邊產業及電子零組件產業在研發與資本支出對經營績效與股價報酬的影響差異度；本論文在公司經營績效及市場價值的衡量指標，係以公司之資產報酬率、股東權益報酬率、營業毛利率、營業淨利率、營收成長率及公司Tobin’s Q值與股價報酬等作為衡量指標。 實證結果發現： 一、 就全體產業而言，研究發展支出對於企業之營業毛利率、營業淨利率及Tobin’s Q值有顯著正相關，但對於企業之營收成長率、資產報酬率、股東權益報酬率以及公司股價報酬率等項目並未出現顯著相關性；資本支出對企業之資產報酬率及股東權益報酬率則出現顯著負相關，同時資本支出對企業Tobin’s Q值及股價報酬率出現顯著負相關，但對於企業之營收成長率、營業毛利率、營業淨利率等未出現顯著相關性。 二、 針對電子次產業實證結果： 1. 針對半導體產業實證發現，研究發展支出對於公司資產報酬率出現顯著正相關，資本支出對於公司Tobin’s Q值及股價報酬率則呈現顯著負相關。 2. 針對光電產業的實證發現，研究發展支出對於企業經營績效指標包括公司營收成長率、營業毛利率、營業淨利率、資產報酬率及股東權益報酬率等，全數呈現顯著正相關；而資本支出對於公司Tobin’s Q值或股價報酬率呈現顯著正相關，但對於營業毛利率、營業淨利率、資產報酬率及股東權益報酬率等則呈現顯著負相關。 3. 針對電腦週邊產業的實證發現，研究發展支出對於公司營收成長率、營業淨利率、資產報酬率、股東權益報酬率及公司Tobin’s Q值等皆呈現顯著正相關；而資本支出則對於公司營收成長率出現顯著正相關。 4. 針對零組件產業的實證發現，研究發展支出對於公司營收成長率、營業毛利率、營業淨利率、資產報酬率、股東權益報酬率、公司Tobin’s Q值及股價報酬率等全數呈現顯著正相關；而資本支出對於公司營業毛利率、資產報酬率及股東權益報酬率等出現顯著負相關。 / This research mainly examines the related effect of R&D expenditure and capital investment on corporate performance and company’s stock price. The results of this study are trying to offer reference opinions to corporate executive officers that will make R&D or capital investment decisions. In this study, the database includes the listed companies in Taiwan Stock exchange except the finance industry from 2001 to 2011. We adopt R&D expenditure and capital investment as the independent variables of evaluating of corporate performance and company’s stock price, and also choose the growth rate of sales, the operating margin ratio, the net profit margin ratio, the return on total assets, the return on equity, Tobin's Q Ratio and company’s stock price as the dependent variables. The results of this investigation could be summarized as follows: 1. For all targeted industries, R&D expenditure had positive, significant influence on the operating margin ratio, the net profit margin ratio and Tobin's Q Ratio. Capital investment had negative, significant influence on the return on total assets, the return on equity, Tobin's Q Ratio and company’s stock price. 2. For Semiconductor industry, R&D expenditure had positive, significant influence on the return on total assets. Capital investment had negative, significant influence on Tobin's Q Ratio and company’s stock price. 3. For Optoelectronics industry, R&D expenditure had positive, significant influence on growth rate of sales, the operating margin ratio, the net profit margin ratio, the return on total assets, the return on equity. Capital investment had positive, significant influence on Tobin's Q Ratio and company’s stock price. 4. For Computer peripheral industry, R&D expenditure had positive, significant influence on growth rate of sales, the operating margin ratio, the net profit margin ratio, the return on total assets, the return on equity, and Tobin's Q Ratio. Capital investment had positive, significant influence on the growth rate of sales. 5. For Electronic components/material industry, R&D expenditure had positive, significant influence on growth rate of sales, the operating margin ratio, the net profit margin ratio, the return on total assets, the return on equity, Tobin's Q Ratio and company’s stock price. Capital investment had negative, significant influence on the operating margin ratio, the return on total assets and the return on equity.

Submitted by Lucas Finamor (lucasfinamor@gmail.com) on 2017-04-20T18:24:02Z No. of bitstreams: 1 dissertacao_lucasfinamor_deposito.pdf: 362061 bytes, checksum: 1f0de232cf4dab414dc463b783afdf21 (MD5) / Approved for entry into archive by Suzinei Teles Garcia Garcia (suzinei.garcia@fgv.br) on 2017-04-20T18:35:43Z (GMT) No. of bitstreams: 1 dissertacao_lucasfinamor_deposito.pdf: 362061 bytes, checksum: 1f0de232cf4dab414dc463b783afdf21 (MD5) / Made available in DSpace on 2017-04-20T18:37:55Z (GMT). No. of bitstreams: 1 dissertacao_lucasfinamor_deposito.pdf: 362061 bytes, checksum: 1f0de232cf4dab414dc463b783afdf21 (MD5) Previous issue date: 2017-03-31 / Este estudo utilizar o programa “Jovem de Futuro”, uma intervenção experimental em escolas brasileiras de ensino médio, para estimar o impacto da qualidade da educação no acesso ao ensino superior e ao mercado de trabalho formal. Nossos resultados indicam que os alunos de ensino médio respondem com mais e melhores matrículas no ensino superior após um aumento na qualidade da educação no ensino médio. Um ambiente escolar melhor aumenta a probabilidade dos estudantes em (i) ir para o ensino superior, (ii) ser aceito em universidades públicas e em cursos de alta qualidade e seletivos, (iii) de estarem estudando em tempo-integral. Estes efeitos parecem ser intermediados pela admissão ao ensino superior através de políticas de ações afirmativas (cotas). Uma redução nas opcões de trabalhar e apenas trabalhar (não estudar) também são detectadas. Estes resultados podem ser interpretados como evidências sugestivas da existência de restrição à crédito ou de heterogeneidade nos returnos à educação. / This study makes use of the “Jovem de Futuro” program, an experimental intervention in Brazilian public high schools, to estimate the impact of quality of education on college and labor market entry. Our results indicate that high school students respond with more and better college enrollment after an increase in the quality of high school education. A better high school environment boosts the probability of students (i) to attend college, (ii) to be accepted into public colleges and into high quality and selective majors, (iii) and to be studying full time. These effects seem to be intermediated with admission through affirmative action policies (quotas). A reduction in working and only working (not studying) status is also detected. These results can be interpreted as suggestive evidence of the existence of credit constraints or heterogeneity in the returns to schooling function.

The Master´s Thesis deals with the posibility of receiving funding from the European Union. It contains a theoretical background about structural funds and an analysis of the present status of a selected company. The practical part focuses on selection of the most suitable endowment title, checking of financial health of a company as a fundamental prerequisite for applying for EU funds and on preparation of the project development application.

Same, but different? A comparison of the integration experiences of refugees and guest worker migrants in Germany Abstract The increasing number of asylum seekers arriving in Germany over the past years have not only sparked an emotional public debate on immigration and societal membership, but have also proven to be a major challenge for policy-makers. Although the volume of refugee migration is indeed unprecedented in Germany, the country has had significant experience with receiving and integrating newcomers in its recent past: the post-war economic boom has led to the recruitment of millions of foreign workers, so- called Gastarbeiter. A non-negligible share ultimately settled permanently, but their integration process was not without its challenges. This paper argues that Germany's guest worker experience offers valuable insight into current integration processes in the German context. To make this existing knowledge accessible, this work uses a historical approach to identify the main elements that have shaped the integration experiences of guest workers in Germany, tied in with an econometric examination assessing the main factors in turn associated with the economic integration of the current refugee cohort. Comparison of the results suggest that a range of obstacles faced by guest workers and their...

Diese Dissertation befasst sich mit Arbeitsmarkterfolg und Konsum sozioökonomischer Gruppen. Die ersten zwei Kapitel untersuchen konjunkturelle Auswirkungen auf Arbeitsmärkten für Hoch- und Niedrigqualifizierte. Zunächst wird ein qualifikationsspezifisches Konjunkturmodell mit Suchkosten entworfen. Es zeigt, dass imperfekte Substitution zwischen hoch- und niedrigqualifizierter Arbeit ein Grund für Veränderungen auf den Teilmärkten ist. Gemeinsam mit qualifikationsneutralen und -verzerrten Technologieschocks ist das Modell in der Lage, fallende Beveridge-Kurven zu generieren. Das zweite Kapitel erweitert diesen Ansatz um eine Verbindung zwischen qualifikationsabhängigen Arbeitsmärkten mit endogenen Investitionen in Humankapital. Idiosynkratische Schocks wirken auf den Anteil qualifizierter Arbeit und verändern die Arbeitsmarktdichte auf den Teilmärkten. Neutrale Schocks wirken zweistufig auf die Gesamtarbeitslosigkeit: Zuerst reduzieren sie geringqualifizierte Arbeitslosigkeit, und dann verringern sie rapide hochqualifizierte Arbeitslosigkeit. Eine hohe Substitutions-Elastizität zwischen den beiden Qualifikationen führt zu einer höheren Volatilität und einer höheren Korrelation zwischen Arbeitslosigkeit und freien Stellen. Das dritte Kapitel untersucht die Verbindung zwischen Gruppen-Konsumwachstum und dessen Volatilität, wenn die Agenten heterogen sind und eine Konsumexternalität vorliegt. Die Präferenzen der Haushalte hängen mit der Konsumwachstumsvolatilität insofern zusammen, als diese Vermögensentscheidungen treffen müssen: Die Volatilität verringert sich mit der Geduld und steigt mit dem Wunsch, das Konsumniveau der Vergleichsgruppe zu halten. Darüber hinaus sollten Konsumwachstum und dessen Volatilität positiv korrelieren. Diese letzte Hypothese wird mit Daten aus dem Sozio-oekonomischen Panel und der Einkommens- und Verbrauchsstichprobe überprüft, wobei sich ein U-förmiger Zusammenhang zwischen Konsumwachstum kurzlebiger Güter und dessen Volatilität ergibt. / This dissertation addresses the labor market performance and consumption dynamics of different socioeconomic groups. The first part examines the connection between cyclical variations in skilled and unskilled labor markets. Using a business cycle model with search frictions in skill-specific markets, I find that imperfect substitution between skilled and unskilled labor creates an important channel for variations in the skill-specific markets. Together with a skill-neutral or -biased technology shock, the model generates downward-sloping Beveridge curves in aggregate and skill-specific labor markets. I extend the study to allow for a dynamic link between the skill-specific labor markets. Human capital investment is determined endogenously and idiosyncratic shocks shift the skilled labor share and change tightness in both skilled and unskilled markets. Upon a neutral shock, the decrease of total unemployment is two-staged: Firstly with a reduction in unskilled unemployment, and then with a sharp decline of skilled unemployment when skill substitution dominates. A larger elasticity of substitution between the two types of labor leads to higher volatility of the model variables and higher correlation between unemployment and vacancies. The second part studies the link between group-specific consumption growth and its volatility in a framework of heterogeneous agents, under the assumption of a consumption externality. Household preferences are related to the consumption growth volatility through asset holding decisions: The volatility decreases with groups'' patience, and increases with the eagerness to keep up with the group average. Moreover, consumption growth is expected to be positively related to its volatility. This last hypothesis is tested using household data imputed from the German Socio-Economic Panel and the German Income and Expenditure Survey, where a U-shaped relationship is found between nondurable consumption growth and its volatility.

2009年6月30日政府開放陸資來台投資，經濟部統計至2012年4月止，累計核准陸資來臺投資件數為246件，核准投(增)資金額計2億8千萬美元。陸資來台基本上仍處小規模、試探性階段。在兩岸經貿關係逐步深化之後，政府未來是否有比照僑外投資方式開放陸資來台投資之可能，使陸資來台投資，轉化為我國經濟發展的正面能量，值得探討。因而，本研究之目的如下：(一)探討陸資來台投資之動機(二)陸資與外資來台投資政策及規範之比較分析(三)提出具體建議提供政府擬定陸資來台投資政策之參考。 本研究以文獻分析及個案深度訪談方法，就陸資來台投資之製造業、服務業中選出具代表性個案，計4家陸資企業進行訪談；另為陸資與外資來台投資政策及規範之比較分析，選定2家具代表性外資企業進行訪談，以為本研究之目的進行探討，並提出具體政策建議。 研究發現陸資來台投資動機主要為獲取先進技術與經營管理經驗、響應中國大陸政府對台投資政策、拓展市場，擴大出口，進行全球化佈局等，來台投資除企業對外投資經濟層面動機外，尚有響應中國大陸政策，積極推動陸資企業來台投資佈局之政策性動機存在。而就陸資與外資來台投資政策差異，政府主要對陸資採「先緊後鬆、循序漸進、先有成果、再行擴大」的原則政策，對外資則採獎勵投資、減少外人投資障礙之開放政策；在陸資來台投資項目係採正面表列，所開放的項目係以國內發展成熟且不會對國內經濟造成負面衝擊的產業為主；而外資來台投資項目則採負面表列方式管理，除少數基於國家安全、公共秩序、善良風俗或國民健康考量及法律明定或國際協定予以禁止以及部分特許行業加以有條件限制外，均予以開放，開放程度已達95％以上。 本研究提出具體建議提供政府擬定陸資來台投資政策之參考，建議政府可參照開放外資投資政策，擴大開放陸資來台投資政策，將陸資來台投資項目從正面表列改以開放的負面表列管理，惟就擴大開放陸資來台投資政策下，政府對相關可能造成負面衝擊之影響，建議亦應有相關配套產業政策：如推動兩岸新型產業合作、輔導弱勢產業轉型與升級，以因應未來擴大開放趨勢、關鍵技術產業智慧財產權之保障、儘速簽署投資保障協議等，以為因應，降低衝擊之影響。另就陸資來台投資法令規範，建議建立完善投資審查機制，以防衛國家安全及因應關鍵技術流失之不利衝擊，另建議放寬大陸人員來台進出之法令、陸資購置不動產相關法令，以利陸資來台投資。 / Taiwan’s Government deregulated the investment capital of Mainland China in Taiwan on June 30, 2009. According to the statistical data of Ministry of Economic Affairs, up to April 2012, Mainland China investment in Taiwan has accumulated to 246 cases and the accumulated amount of investment (incl. capital increase) is US$280 million. Basically, the Mainland China capital investment in Taiwan is still in small scale. Following the gradual deepening of cross-strait economic and trading relationship, it is worthwhile to probe into the possibility of treating the Mainland China capital investment in Taiwan as ordinary foreign investment in Taiwan and turning it into positive energy of the economic development of Taiwan. The purposes of this research are such as following: 1) The motive of Mainland China capital investing in Taiwan, 2) Comparison and analysis of the policies and regulation of Mainland China capital and traditional foreign investment, and 3) Proposing practical suggestions for reference of the government in formulating Mainland China capital investment policy. By Literature Analysis Approach and in Case Interview Method, the research selected representing cases of Mainland China investment in manufacturing and in services industries. There were 4 Mainland China capital enterprises interviewed. Also by comparative analysis on the policies and regulations of traditional foreign investment and Mainland China capital investment, two representing foreign invested enterprises were interview. The efforts pointed directly to the purposes of the research as well as providing practical policy suggestions. It is found that the motives of Mainland China capital investment in Taiwan are mainly in obtaining advance techniques and operating and management experience, echoing the Taiwan Investment Policy of Mainland China government, developing market, expanding export and globalization deployment. Besides the economic motives in foreign investment of the Mainland China enterprises, they are also echoing the policy of mainland China government and actively to deploy their investment in Taiwan. In the difference of policies of Taiwan Government toward Mainland China capital and traditional foreign capital, Taiwan government is working in the principle of “Tight firstly then loose, Moving progressively, See the result before expansion” to the Mainland China capital investment, while it is in encouraging and reducing barrier to foreign investment to the traditional foreign investment. Under the control of Mainland China capital, it is subject to positive listing, and the items opened is the industries that are matured and will not result in negative impact on the domestic economy. In addition, under the control of foreign capital investment, it is rather in negative listing, that only the industries are excluded based on national security, public order, decent customs or national health, or those forbidden specifically under law or international treaty, or the charter business, all others are opened and the level of open reached 95%. This research provided practical suggestions for the reference of government in formulating the Mainland China capital investment. We suggest that the government shall take reference of policy for opening foreign investment to expand the scope for Mainland China capital investment and turn the positive listing to negative listing in administration, but under the expanding liberalization of Mainland China capital investment, the government shall guard off the negative impacts with packaged industry policy such as new cross-strait industry cooperation, assisting the transformation or upgrading of disadvantage industry to cope with future expansion, Key techniques industry and intellectual property right protection and speed up investment protection treaty, so as to reduce the impact. In the part of legislation and regulatory of investments of Mainland China Capital, it is suggested to build complete investment review mechanism to defend national security and to cope with the unfavorable impact resulted from loss of key techniques. We will also suggest deregulating the purchasing of real estate to induce the investment of Mainland China capital under the control of the entry and exit of Mainland China people.

The master’s thesis analyses financial health of the company IFE-CR, a.s. in the years 2004 – 2008 at the basis of selected methods of the financial analysis. It comprises proposals of possible of identified problems which should result in the improvement of financial situation of the firm in future years.