Evolution and Governance of the Structure of Marine Economic Networks in China’s Coastal Areas: Based on Sea-related A-share Listed Companies

Data on discrete,isolated attributes of the marine economy are often used in traditional marine economic research.However,as the focus of urban research shifts from internal static attributes to external dynamic linkages,the importance of marine economic net-work research is beginning to emerge.The construction of the marine economic network in China’s coastal areas is necessary to change the flow of land and sea resources and optimize regional marine economic development.Employing data from headquarters and branches of sea-related A-share listed enterprises to construct the marine economic network in China,we use social network analysis(SNA)to discuss the characteristics of its evolution as of 2010,2015,and 2020 and its governance.The following results were obtained.1)In terms of topological characteristics,the scale of the marine economic network in China’s coastal areas has accelerated and expan-ded,and the connections have become increasingly close;thus,this development has complex network characteristics.2)In terms of spatial structure,the intensity of the connection fluctuates and does not form stable development support;the group structure gradually becomes clear,but the overall pattern is fragmented;there are spatial differences in marine economic agglomeration radiation;the radi-ation effect of the eastern marine economic circle is obvious;and the polarization effect of northern and southern marine economic circles is significant.On this basis,we construct a framework for the governance of a marine economic network with the market,the government,and industry as the three governing bodies.By clarifying the driving factors and building objectives of marine economic network construction,this study aims to foster the high-quality development of China’s marine economy.

The Value of Saudi Arabia Industrial Firms Between the Modigliani-Miller＇s and Gordon＇s Models： An Empirical Study on Cement Companies in Saudi Arabia

The most important target of the financial management is to develop the values of the foundation and develop the wealth of shareholders （wealth of the owners）, which is the primary target of the qualified and successful financial management. This target, developing the value of the foundation, depends on the total profit that could be achieved by the company and counting the profit per share, but undoubtedly, the financial management should consider the other targets such as social responsibility and exchange between risk and revenue and others. This research, with its both theoretical and practical aspects, aims at illuminating the value of some foundations in Saudi Arabia, which are already registered in the stock market, by comparing the value of each foundation using two models namely the model of Modigliani-Miller （M＆M） and the model of Gordon. In spite of the difficulties found in the usage of both models, especially Gordon＇s model, we will use both of them to explain the aspects of imperfection in each model. This research will depend on a sample of Sandi industrial companies by getting financial data of these companies over a past decade and the usage of these data, in other words, to measure the value of Saudi companies against the market.

Study on Influencing Factors of Capital Structure of Energy Listed Companies

Based on the determinative factors school of capital structure theory, this paper uses the data of 35 Chinese energy listed companies from 2000 to 2003, and adopts multi-variable regression method to make an empirical study of the influencing factors of their capital structure. The results indicate that the factors of size, income volatility, and the concentration of owner’s equity have positive relation with the capital structure, while the relation between profit- ability and capital structure is negative. It is also found that the influencing of growth and secured asset on the capital structure are relatively insignificant.

A Buoyant Export Market For Yangzi Company's Petrochemical Products

In face of the rapid fall in prices on theworld petrochemical product market, ChinaPetrochemical International Business YangziCorporation (CPIBYZC) took active meas-ures to regulate its product mix, and by theend of November 1996, it had earned foreignexchange through the export of US＄76 mil-lion, emerging from the quagmire of foreigntrade. The import and export operations ofthe very large Yangzi Petrochemical Corpo-

China's Feed Companies Eye Safety Control

China’s feed companies in China are looking to strengthen safety control substantially according to the highest international standard. The first step will be improving the feed safety control in the pre-mixture and compound feed production. The next step will be extending

Chinese Oil Companies＇ Overseas Cooperation in 2016

The paper analyzed the development and features of China's oil companies' overseas business in 2016.Despite the plummeting crude price and a weak global economy,these companies managed to do well in foreign countries.They steadily increased their shares of oil and gas in overseas oil and gas projects with their distinctive and unique ways:the three state-owned oil companies had focused on the countries involved in the One-BeltOne-Road Initiative,and others had been stressed more on international cooperation in a broader sense and areas.The small-and middle-scale companies had been matured and grew during the process.The central and local governments also played indispensable roles by providing need support for the cooperations.

Analysing on External Environment and Industrial Competition of High-Tech Companies—Using Tesla as an Example

As the impact of the global energy crisis deepens,traditional oil resources are exhausted,and the harm caused by air pollution and rising global temperatures is increasingly severe;the government and automobile enterprises generally believe that energy saving and emission reduction is the future technology development direction of the automobile industry.The main direction of the attack is the general trend of new energy vehicles to replace traditional vehicles.As a leader in new energy pure electric vehicles,Tesla Motors has created a new concept of using the Internet for manufacturing cars and opened up a new brand segment of the automobile market.This paper mainly uses the PEST analysis model and Porter’s Five Forces analysis model to understand the essence of Tesla is not a pure electric vehicle manufacturer,but a high-tech innovation driver at the forefront of the world.Based on the PEST model analysis,Tesla’s development is still at the right time and place despite the impact of COVID-19.From Porter’s Five Forces model,Tesla has higher bargaining power and a strong dominant position with upstream suppliers and service providers.Tesla has a first-mover advantage due to its customers’weak bargaining power,which lets Tesla’s leading position in the industry cannot be surpassed in the short term.

Yangzi Petrochemical Company—the First One in China to Adopt UOP's Novel Aromatics Adsorbent

The Yangzi Petrochemical Company is the first one among domestic aromatics manufacturers to adopt the UOP’s latest novel adsorbent during quality upgrading of its No.2 xylene unit.On October 23,2013 this unit has been continuously delivering xylene product with a purity

KINGWAY'S DREAM AND GLORY--Interviewing Shenzhen Brewery Company Limited's Manager General, Yuan Youjian and his colleagues

Why could Kingway, brand of Shenzhen Brewery CompanyLimited (SBC). in so short time realize its dream and acquire glories? What is its secret in success? What do itsdecision-makers look like? With all these questions, reporter interviewed mangaer general Yuan Youjian.

中小企业财务绩效评价研究——以S公司为例

随着中小企业业务量与筹资现金流的持续增长,真实准确的财务绩效评价更有利于其未来发展,使之更好地提高管理水平,实现预期目标。以S公司的实际财务数据为背景,采用纵向与横向对比分析法分析其经营情况及财务绩效评价现状,发现S公司现行财务绩效评价指标不够细化,不利于评价结果的客观性、有效性。为此,须采用组合评价标准等方法完善其财务绩效评价体系,加强财务管理制度建设,构建相关信息技术管理平台,加强对大数据技术的运用,使之更好地应对市场环境变化。

Improving PetroChina's Company Value: a Corporate Governance Perspective

In China, the concept of corporate governance does not have a long history, and the implementation of corporate governance has been growing up with the process of China's enterprise reform especially the SOEs (state-owned enterprises) reform and economic growth. In the last two decades, China's enterprise reform has been the focus of economic reform and system reform, and the importance of corporate governance became clearly recognized among the join stock corporations which had undergone or are ongoing the corporatization progress.

STANDING FIRM IN CHINA'S AUTO INDUSTRY——An Interview with Huang Xiaoping,General Manager of the Yuejin Auto Group Company

One day in April,our reporters visitedthis national super-large enterprise.Mr Huang Xiaoping,the generalmanager,briefed us on the company’s brilliantpast and bright future. The Yuejin Auto Group Company isfamed all over the world for producing YuejinBrand automobiles.In 1958,the firstgeneration of Yuejin Brand automobiles cameout,and China has since had its first

迈向投资中心:S公司的人力资源管理变革实践

以S公司的人力资源管理变革为研究对象,通过收集相关人力资源变革资料后发现,按照责任中心划分,S公司的人力资源变革经历了成本中心-利润中心-投资中心3个阶段。S公司在规模逐渐扩大后,通过建立人力资源共享服务中心在内部向其提供服务的业务单位实行虚拟收费,完成其向利润中心型人力资源管理转变;待其成熟后,将其投资设立为人力资源服务全资子公司,对内对外提供人力资源服务,自负盈亏,至此人力资源管理展现迈向投资中心的趋势。

A Study on the Capital System Reform Tendency of Chinese company

This paper will analyze the history and evolvements of capital system in order to grasp the tendency of capital system reform. Managers should give more attention to the establishing of reform institution and the supervising of company capital system＇ s operation in the process of reform. Managers should also attach great importance to the third party and creditors when they value the interests of shareholders. It is imperfect to only emphasis or value the interests of the shareholders or the third party and creditors. In addition, creditor＇ s self-protection of civil action should obtain much more approaches in the process of reform.