Dr. Warren Huang, Founder, OSA, USA wh3928@yahoo.com www.oaswh.com
Fenglan Zhang, Zhejiang University joycezhang001@yahoo.com.cn
Abstract
This paper demonstrated Huang’s pioneering teaching, training global financial market research innovation work in develope ,implement proactive structural dynamic global cost, financial,
derivatives accounting, stock prices, identify the scandals cycle months, years
ahead through asset bubbles, stock indices boom , bust OSA ( Operation Simulation Analysis ).
Thousands OSA simulators
have been developed with government regulation, corporate management and
auditing teams, implemented for
tracking last 20 years global corporate management and governance performance by integrating central banks
monetary, macro ,industrial economic control impact on daily interest rates,
currency, stock indices ,derivatives prices, and oils, housing, banking,
finance markets, 20 industrial sectors commodities, products demand prices
,cost, financial derivatives accounting, stock prices and corporate governance
stock indices.
Huang
implemented these simulators for hundreds US, Taiwan, China, Hong
Kong multinationals oils, banking, housing, SOE, listed stocks
board members,
internal, external auditing, financial experts, CFA, CPA to maximize corporate profit and corporate governance, transparency performances, scandals
prevention and tracking last 20 years causes, onset, recovery early warning of
global financial, banking energy, IT, energy housing asset bubbles boom and
bust crisis, credit default , scandals cycles
early warning.
He directed numerous goal,
mission, performance oriented integrated strategic, execution , corporate management and
governance OSA
teams supported by proactive
structural strategic corporate management and corporate governance OSA models. These patented oil price simulators published on US 1983 Oil & Gas Journal, 4 millions global executives visited
his www.osawh.com
Current US corporate governance
performance evaluation by S&P
CGS ( corporate governance score )
based on scores on corporate ownership structure, transparency, shareholders
interests and board of directors structures.
ISS ( Institutional Shareholders Service) and FTSE incorporate proven corporate
governance into portfolio management, financial index are all based on past data, questionnaire. While Brazil IGC
governance stock index adding return of theoretical portfolio shares with good
corporate governance.
.China Nan-Kai University CCGINK ( China Corporate Governance Index) include all US index questionnaires,
providing China proactive
structural corporate governance indexing, including regional, industrial
dynamics in corporate governance
issue covered 1000 listed companies, this index shown 55, 55.2 and 56 for 2004-
2006, indicating as Shanghai
index soared form 1300 to 3000.
However, all these
approaches fail to track global scandals cycles dynamic response of corporate
governance index to macroeconomic control, industrial demand, supply, prices
volatility financial systemic risks and corporate profits stocks price
performance impact on CG index performance, as it peaking out with stock
indices and stock prices which predicted by Huang months ahead of US Enron, Worldcom, China Guanxia, China life, Bank of China, China Aviation Oil, scandals in the last energy , IT bubbles and US AIG, Freddie Mac, Fannie Mae, China
pension fund and properties scandal in 2007 housing boom, with average error below 1.5 %,
correlation over 0.95
While Zhang completed full scope new generation of China/US CPA/CFA, CFO
training by
Dr. Huang's proactive strategic corporate governance and
extended proactive
structural OSA asset pricing to proactive
Exponential GARCH estimation analysis for tracking China Peoples Bank monetary, economic, fiscal ,WTO,
macro
economic,
housing bubble and market excessive liquidity control policy impact on Shanghai-Shenzhen 300
futures index simulation, and its impact on idustrial
sectors, corporate financial accounting
performances,
internal auditing control, maximize transparency and corporate
performance.
Keyword: Assets prices bubble, financial crisis,
corporate scandals
cycles, board structure,
corporate governance stock index
submitted to 4 th