Regarding the Regulatory Sandbox Route and Mechanism for Governance of Artificial Intelligence

The main challenge in AI governance today is striking a balance between controlling AI dangers and fostering AI innovation.Regulators in a number of nations have progressively extended the regulatory sandbox,which was first implemented in the banking sector,to AI governance in an effort to reduce the conflict between regulation and innovation.The AI regulatory sandbox is a new and feasible route for AI governance in China that not only helps to manage the risks of technology application but also prevents inhibiting AI innovation.It keeps inventors'trial-and-error tolerance space inside the regulatory purview while offering a controlled setting for the development and testing of novel AI that hasn't yet been put on the market.By providing full-cycle governance of AI with the principles of agility and inclusive prudence,the regulatory sandbox offers an alternative to the conventional top-down hard regulation,expost regulation,and tight regulation.However,the current system also has inherent limitations and practical obstacles that need to be overcome by a more rational and effective approach.To achieve its positive impact on AI governance,the AI regulatory sandbox system should build and improve the access and exit mechanism,the coordination mechanism between the sandbox and personal information protection,and the mechanisms of exemption,disclosure,and communication.

Corporate governance mechanisms and firm valuation in Malaysian listed firms： A panel data analysis

Corporate governance mechanisms emerge to tackle agency problems in ensuring that shareholders＇ funds are not expropriated or wasted on unprofitable activities. The issue arises as to whether these improvements have been effective in reducing agency costs, and therefore enhancing firm value. The objectives of this paper is to examine the effects of governance mechanisms of dividend, types of ownership structure, and board governance on firm value. This paper utilises a panel data analysis of 403 firms listed on the Bursa Malaysia over a four-year period from years 2002 to 2005. A hierarchical regression analysis is used to test the hypotheses and the data is analysed using the generalized least square （GLS） estimation technique. Overall, the results highlight the importance of moderating role played by board governance variables with types of ownership structure to influence firm value. However, the benefits of better corporate governance through enhanced board governance are not the same across all firms since their incentives vary with respect to dividend and different types of ownership structure mechanisms.

Corporate governance mechanisms and performance： Analysis of Malaysian family and non-family controlled companies

Most study concentrating on family and non-family companies is conducted overseas with little research carried out in Malaysia. This study examined the impact of corporate governance mechanisms on family and non-family controlled companies＇ performance. The sample size of this study is 730 companies listed on Bursa Malaysia from 2003 to 2007. The findings reveal that corporate governance mechanisms influence the family and non-family controlled companies＇ performance. But not all corporate governance mechanisms are significant. The significant variables differ between family and non-family controlled companies. Thus, regulators need to be vigilant that family and non-family controlled companies practise differently and to set different code needed for each type of families.

Internal Mechanisms of Corporate Governance and Firm Performance： A Review of Theory and Empirical Evidence

Literature has revealed the existence of several external and internal disciplining mechanisms that are hypothesized as factors influencing corporate governance. This paper reviews the theoretical and empirical literature on five internal mechanisms of corporate governance, namely, dividend payouts, financial leverage, institutional shareholding, board duality, and board size. These mechanisms have received the greatest deal of attention in the literature. The paper makes an original contribution to the literature as it is the first of its type, to the best of our knowledge, to provide a comprehensive idea on these five internal mechanisms of corporate governance. This study will help in investigating the relationship between internal corporate governance mechanisms and firm performance with the main aim of extending the existing literature on firm performance by empirically investigating the contribution of these mechanisms in the smooth conduct of business operations. The empirical evidence amassed favors a smaller board size, non-existence of duality and favorable dividend mechanisms as effective internal governance mechanisms affecting firm performance. At the same time, there is no conclusive evidence on the relationship between leverage and institutional ownership as internal governance mechanisms influencing agency cost and firm performance.

Study on the Collaborative Governance Mechanism of Ecological Environment in Changsha-Zhuzhou-Xiangtan Region under the Green Development Perspective

Natural resources and the environment,environmental capacity of China has been approaching the red alert,and long-term accumulation of ecological debt needs to be solved. The transformation of economic development mode and green economic development path are inevitable choices. The complexity and the pressureof the ecological environment governance force Changsha-Zhuzhou-Xiangtan region to change the ecological governance method. The " government-market-society" is taken as the overall framework,to build a diversified body of eco-environment collaborative governance platform. Through collaborative governance among governments,government-market collaborative governance and government-society collaborative governance,ecological capital stock is improvedin the quantity and quality,thus contributing to benigndevelopment of regional economy and society.

Study on Talent Training Mechanisms of Marine Cultural Industry Based on Collaborative Innovation of Governments,Enterprises,Colleges,Scientific Institutions and Users

Based on the review of related concepts,the current situation and problems of talent training in marine cultural industry in China were analyzed,and talent training mechanisms of marine cultural industry based on collaborative innovation of governments,enterprises,colleges,scientific institutions and users were proposed to promote the transformation,upgrading and vigorous development of marine cultural industry,accelerate the spread of marine culture with Chinese characteristics,and build China into a maritime power.

Ocean ecological compensation mechanism in Liaoning area from the angle of ecological civilization——based on analysis of Dalian's cooperative governance

How to speed up the establishment of marine ecological compensation and the ecological compensation system is inevitable choice from ocean country to marine power.Therefore,construction of marine ecological compensation mechanism is the effective means which incentives marine ecosystem services supply,improves the quality of marine ecology,and promotes the ocean to the green transformation.Combined with Dalian maritime case study in Liaoning Province,three dimensional interactive marine ecological compensation mechanism,the compensation frame work,path and operation mechanism were built up.Suggestions on accelerating the legislation process;perfecting the management system;establishing proper system for both incentive constraint and reward-punishment;increasing the source of Ocean Ecological Compensation funds;accelerating On the study of the Ocean Ecological Compensation Mechanism in Liaoning Area from the Angl-e of Ecological Civilization Based on Case Analysis of Dalian.

Strategic Research on Implementation Mechanism of Student Participation in University Decision-Making Under Governance

Student participation in university decision-making, a part of university governance, is still defective in the construction of its implementation mechanism. In terms of the problems of unclear subject, unclear scale, unordered participation and the single participation method in student participation in decision-making implementation process, this paper designs the relevant model and brings up the countermeasure, thus providing student participation of decision-making implementation mechanism construction with effective theoretical basis.

Review on researches of earnings management and corporate governance mechanism

This research is based on previous theory research of corporate governance from the internal mechanisms, ownership structure and board structure, and researched how these three aspects affect earnings management.

Deliberative Governance as an Instrumental Mechanism: A Study of Different Types of Environmental Deliberations

Deliberative governance of environmental issues indicates that environmental governance has undergone a transformation from relying on government authority for solutions to reaching consensus among participants.This can be regarded as an important strategy for the structural transformation of China’s environmental governance.In this paper,the practices of environmental deliberation in China are classified into four types by the attributes of environmental issues and the relationships of participants as:response-,autonomy-,consultation-,and supervision-based.On the basis of the government’s interests and motives to engage in environmental deliberations,we analyze its practice orientations from five perspectives:scope of issues,functions,participants,procedures,and methods.Then we point out that environmental deliberations have both public and instrumental governance motives,but the governance motive,which aims for governance effectiveness and social control,is more conspicuous.We further conclude that the value pursuit of deliberative democracy for public reasons is to some extent replaced by an instrumental deliberative motive that intends to address specific environmental issues,standardize public participation orderliness,safeguard social harmony and stability,strengthen organizational functions,provide consultation on environmental policies,and promote the implementation of those policies.

The Study on Multinational Operation Risk-Defense System Based on Corporate Governance Mechanism

：With the unceasing globalization development of MNCs＇ business and connnuous intensify in international competition, the managers of MNCs find that the strategy decisions they are faced on are becoming more complicated, and they have deeply realized that the perception and defense of the international risk has the impact on their strategy decisions. The thesis, proceeding with analyzing and evaluating risk types in the course of enterprises developing in the international markets, based on the integration international risk perception model, utilizing relative theories and study thoughts of the corporate governance mechanisms, especially the relative studies on overseas enterprises＇ governance mechanisms, explores how to use the corporate governance mechanisms to build the defense system against international risks. Meanwhile, the thesis further discusses the risks our native enterprises have suffered from during the multinational operation in detail, explores its reasons and offers the defense measures of all sorts of risk.

Study on the Deepening Effect of Educational Capital and the Governance Mechanism

In recent years,social capital has played a crucial role in the field of educational trend and rapid expansion.Education capital,however,is a double-edged sword.On one hand,it plays a good role in the construction of learning society and national quality education.On the other hand,it causes serious obstacles and interference to our regional education resources and educational environment because of its own profit-seeking.In order to optimize the integration between education industry and social capital,to make good use of social capital and to promote the brilliant development of education industry,this article has investigated the deepening effect of education capital and the content of governance mechanism,hoping to provide some reference for the optimization and reform in the educational field.

破与立:协同治理机制的整合与重构——评Collaborative Governance Regimes

协同治理日益成为激变时代解决公共问题的治道选择,并引起学术界的强烈关注。然而,已有研究却呈现碎片化、拼凑化的特点,如何进行理论整合并重构分析框架成为当前的理论诉求。柯克·爱默生和蒂娜·娜芭齐基于文献分析与经验研究,从治理环境和棘手问题两个方面讨论协同治理的生成机理,重新定义协同治理的内涵,整合协同治理的知识谱系,并构建了协同治理机制的综合性分析框架。她们的研究无疑成为相关领域的重要参考。当然,该项研究仍然具有值得拓展的空间,本文最后一部分对此进行探讨。

PoEC: A Cross-Blockchain Consensus Mechanism for Governing Blockchain by Blockchain

The research on the governing blockchain by blockchain supervision system is an important development trend of blockchain technology.In this system there is a supervisory blockchain managing and governing the supervised blockchain based on blockchain technology,results in a uniquely cross-blockchain demand to consensus mechanism for solving the trust problem between supervisory blockchain and supervised blockchain.To solve this problem,this paper proposes a cross-blockchain consensus mechanism based on smart contract and a set of smart contracts endorse the crossblockchain consensus.New consensus mechanism called Proof-of-EndorseContracts(PoEC)consensus,which firstly transfers the consensus reached in supervisory blockchain to supervised blockchain by supervisory nodes,then packages the supervisory block in supervisory blockchain and transmits it to the smart contract deployed in the supervised blockchain,finally miners in supervised blockchain will execute and package the new block according to the status of the smart contract.The core part of the consensus mechanism is Endorse Contracts which designed and implemented by us and verified the effectiveness through experiments.PoEC consensus mechanism and Endorse Contracts support the supervised blockchain to join the governing blockchain by blockchain system without changing the original consensus mechanism,which has the advantages of low cost,high scalability and being able to crossblockchain.This paper proves that our method can provide a feasible crossblockchain governance scheme for the field of blockchain governance.

A Governance Framework of Chinese Heritage Resources Based on Social Network

Based on the literature review of Chinese heritage resources management,a governance framework was put forward from the perspective of social network in order to deal with the conflict between heritage tourism development and heritage resources protection.First,all stakeholders including administrate departments,related enterprises,local communities and tourists should become subjects of heritage resources governance.Second,governance structure was defined which would describe the roles that all stakeholders played in the governance of heritage resources.Third,several governance mechanism including motivation and restraint mechanism,interaction and coordination mechanism,sharing and integration mechanism should be established.The network governance would balance benefi ts of all the stakeholders,avoid the phenomena such as free ride and external diseconomy and ensure the sustainable development of heritage sites.

A New Latent Class Stochastic Frontier Model for the Best Practices ofUSA＇s Corporate Governance

In this paper, the authors study the association between firms＇ specific characteristics and performances for a sample of 320 American firms using a governance efficiency index, calculated by the stochastic frontier analysis. The use of a latent class in the specification of the model, allowed detecting two groups of firms according to their specific characteristics： the firm size, the leverage, the dividend yield, and the return on equity （ROE）. The results of affectation equation show that the probability to be in the second group （the most efficient） is more important when the firm size, the dividend yield, and the ROE are high, while a high leverage level decreases the chance to be in the first group （the less efficient）.

Blockchain:A Technical Support for the Modernization of the National Governance System and Capacity

The modernization of national governance needs to be supported with modern technical tools to conform relations of production to productive forces and enable positive and orderly interaction between the two.Blockchain,as an emerging technology in the age of information,features distributed architecture,greater transparency,improved traceability and enhanced security.Blockchain’s consensus mechanism can be introduced into community governance mechanisms,which,by virtue of its marketoriented operation nature,helps define the respective functions of the government and market in the modernization of national governance.The application of blockchain technology to the national governance system enables stakeholders to seek consensus and the largest possible common interests to improve the national governance system and better achieve the governance goal,reduce governance costs,improve governance performance and meet the development needs of the times.Through a proper top-down design,China can effectively integrate blockchain technology into its national governance system and thereby efficiently advance the modernization of its national governance system and capacity.Still,due attention should be paid to blockchain’s possible technical risks and impact during the reform and modernization of national governance.

China-U.S.Relations in Global Energy Governance

This paper analyzes the development of the U.S.and the global energy governance mechanism,and the development and characteristics of China’s participation in the global energy governance mechanism.China’s participation in global energy governance has undergone a process from edge to the center.In this process,China has gradually shifted from a passive follower of global energy governance rules to an active participant in governance and shaping rules.The paper also analyzes the causes of friction and conflict in China-U.S.energy security relations from the aspects of differences in energy security concepts,conflicts between conservative and rising powers,and the struggle between regulation and anti-regulation.The promotion of China’s G20,the Brazil,Russia,India,China,and South Africa(BRICS),the Shanghai Cooperation Organization(SCO),the Asian Investment Bank,the Silk Road Fund,and the United States’system conformity together constitute the basic situation of China-U.S.institutional competition in the field of energy finance.Finally,the paper point out that China and the United States explore institutional arrangements for energy and achieve mutual benefit and win-win results through benign interaction.

Study on the Guarantee Mechanism for the Construction of Government Public Culture Service System

The design and study on the construction of government public culture service system have been commenced since 2010 in China, aiming at exploring the construction models of government public culture service system in central China, east China, west China, and urban and rural areas, and researching effective measures. As a result, the study of the guarantee mechanism for the construction of government public culture service system can be promoted. In this paper, the main contents of the construction of government public culture service system, the construction significance, and the construction＇s guarantee mechanism are studied and discussed emphatically.

Risk Analysis and its Preventive Mechanism in Government Purchasing Elderly Home -Based Service from NGOs： A Theoretical Framework

Outsourcing elderly home-based service reduces risk, improves service quality and efficiency while there are risks mainly for demand-side risk and supply-side risk. In order to prevent these risks, risk-management framework should be constructed with risk preparedness, risk identification, risk analysis, risk assessment and risk disposal as a whole process. Finally, this paper puts forward some suggestions to strengthen the legal regulation, improve the supervision mechanism, strengthen the purchasing performance evaluation and improve the capability ofnonprofits to delivery the service and so on,