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政府融资抑制了企业创新吗?——基于企业融资结构的视角 被引量:4
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作者 侯麟科 孙锦萍 李亚飞 《经济科学》 CSSCI 北大核心 2022年第6期93-107,共15页
基于企业融资结构的视角,本文以我国上市公司为样本探究了政府融资与企业创新的关系。实证研究发现,地方政府融资对企业创新产生了明显的抑制作用。从背后的机制来看,地方政府融资的创新抑制效应是通过降低政府研发补贴金额和减少企业... 基于企业融资结构的视角,本文以我国上市公司为样本探究了政府融资与企业创新的关系。实证研究发现,地方政府融资对企业创新产生了明显的抑制作用。从背后的机制来看,地方政府融资的创新抑制效应是通过降低政府研发补贴金额和减少企业债券发行金额导致的。进一步地,区分所有制后发现,政府融资只对国有企业表现出显著的抑制作用。 展开更多
关键词 政府融资 企业创新 企业融资 创新质量 融资结构
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An Empirical Study on the Cadre Responsibility System of Local Government in China
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作者 Liu Mingxing hou linke Tao Ran 《China Economist》 2013年第6期82-97,共16页
Based on nationally representative panel data, this paper examines the content and evolution of China's cadre responsibility system at county-township and township- village levels. Our findings suggest that, with abo... Based on nationally representative panel data, this paper examines the content and evolution of China's cadre responsibility system at county-township and township- village levels. Our findings suggest that, with abolition of agricultural tax, there has been a series of changes in the focus of evaluation both at county-township and township-village levels. In county-township evaluation system, importance of economic development and social stability grew but fiscal pressure did not weaken; while in township-village system, original indicator of fiscal pressure became less important. Meanwhile, by enhancing "veto" indicator of evaluation on village cadres, township government attempted to cascade the pressure of social stability to village administration. Although central government has initiated a series of reforms on agriculture, countryside and farmers, county and township governments did not pay more attention to rural infrastructure. In addition, county government paid less and less attention to farmers' income growth. 展开更多
关键词 abolition of agricultural tax cadre responsibility system Priority Targets er
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双重约束视角下的基层治理结构与效能:经验与反思 被引量:27
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作者 侯麟科 刘明兴 陶郁 《管理世界》 CSSCI 北大核心 2020年第5期145-160,240,共17页
党的十九大以来,以习近平同志为核心的党中央大力推进国家治理体系和治理能力现代化。本文立足有代表性的全国抽样数据,系统考察和对比了不同类型基层治理主体化解基层社会矛盾的效能。数据显示,这一时期中国农村存在基层纠纷发生的&qu... 党的十九大以来,以习近平同志为核心的党中央大力推进国家治理体系和治理能力现代化。本文立足有代表性的全国抽样数据,系统考察和对比了不同类型基层治理主体化解基层社会矛盾的效能。数据显示,这一时期中国农村存在基层纠纷发生的"非平衡性"、分布的"异质性"以及处理手段的"非一致性"等典型特征。通过对这些典型特征背后的结构性因素进行深入分析,本文发现:那些植根基层社会文化网络、具有丰富地方性知识的自源性基层治理主体,更有可能平衡与约束外源性基层治理主体的政策执行方式,从而能够显著降低冲突发生的风险,提升治理效能。在此基础上,本文还比较了两类自源性基层治理主体在上述过程中发挥的作用,指出就化解基层纠纷的治理效能而言,通过交叠权威发挥的社会性约束机制,往往要比通过本地干部发挥的制度性约束机制更具可持续性。 展开更多
关键词 治理能力 自源性治理主体 基层治理 治理效能
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Marginal revenue of land and total factor productivity in Chinese agriculture: Evidence from spatial analysis 被引量:13
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作者 hou linke ZHANG Yanjie +1 位作者 ZHAN Jinyan Thomas GLAUBEN 《Journal of Geographical Sciences》 SCIE CSCD 2012年第1期167-178,共12页
This paper attempts to explore the temporal and spatial nature of the marginal revenue of land, total factor productivity (TFP) change and its three components: technical change (TC), technical efficiency change ... This paper attempts to explore the temporal and spatial nature of the marginal revenue of land, total factor productivity (TFP) change and its three components: technical change (TC), technical efficiency change (TEC) and scale efficiency change (SEC) as seen in Chinese agricultural production from 1995 to 1999. Based on county-level data, the study utilized both stochastic frontier and mapping analyses methods. The results show that growth in the marginal revenue of land was diverse across various regions, where most gain occurred in eastern coastal zone, while loss was in Northwest and North China. China has experienced moderate decreases in annual TFP change (–0.26%) with considerable regional variations. Specifically, the administrative intervention in grain production and the deterioration of the agricultural technology diffusion system led to a moderate drop in annual TFP change. County-level mapping analyses took into account interregional variances in TFP and its components. Regarding components of TFP, TEC differences explain the majority of regional dispersions in TFP. As developed areas in China, the Huang-Huai-Hai region and the Beijing-Tianjin-Tangshan economic zone face the challenges of land conversion and grain security amidst the process of urbanization. 展开更多
关键词 TFP change grain production technology efficiency change Chinese agriculture
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不完全契约、信息专用性资产与券商承销费率定价策略
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作者 於勇成 吕玉霞 +1 位作者 侯麟科 丁亚男 《制度经济学研究》 2019年第2期162-185,共24页
由于现实中存在的不完全契约,专用性资产成为影响公司竞争策略的重要因素。具体到投资银行,券商在为企业上市服务中会形成一类信息专用性资产,这一资产无法通过契约明确其产权关系。利用我国2002~2015年企业上市及增发数据,实证分析了... 由于现实中存在的不完全契约,专用性资产成为影响公司竞争策略的重要因素。具体到投资银行,券商在为企业上市服务中会形成一类信息专用性资产,这一资产无法通过契约明确其产权关系。利用我国2002~2015年企业上市及增发数据,实证分析了投资银行中信息专用性资产对券商承销费率定价的影响。结果表明,信息专用性资产对于券商承销费率定价策略具有重要影响:存在折旧效应,上市公司IPO与SEO时间间隔越长,信息专用性资产价值越低,上市公司更换承销商的概率越大;信息专用性资产存在折价效应,基于对信息专用性资产的理性预期,增发企业在IPO时支付的承销费用显著低于没有增发的企业;信息专用性资产存在回收效应,承销商通过提高SEO的承销费用回收IPO降价的损失。 展开更多
关键词 不完全契约 信息专用性资产 券商 承销费率定价
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