Since the last century, China has carried out the reform of public utilities in the ninety time, and has achieved many positive results. The quality and efficiency of public goods supply is greatly improved. The gover...Since the last century, China has carried out the reform of public utilities in the ninety time, and has achieved many positive results. The quality and efficiency of public goods supply is greatly improved. The government has changed the role of producer and provider from the past to the role of provider and regulator, which effectively promoted the development of the privatization of public utilities. However, in the achievements there has also been some problems, such as too much emphasis on efficiency to the neglect of social justice and the government＇s public responsibility ＂efficiency generalization＂ problem that requires our attention.展开更多
The transformation of the development China＇s privatization of city public utilities？ vigorously promote the government function, however, the relative monopoly administrative operation system, functions decentraliz...The transformation of the development China＇s privatization of city public utilities？ vigorously promote the government function, however, the relative monopoly administrative operation system, functions decentralized system of government regulation and legal system construction is lagging behind, can making the privatization process easily lead to the emergence of efficient generalization, must be identified and avoided. This paper presents efficient generalization of privatization of public utility of our country city in measure, and analyzes the performance efficiency of the three resulting generalization.展开更多
after 30 years of development, private enterprise has become an important pillar of our national economy.With the accelerated process of economic globalization, the private enterprises will face more intense competiti...after 30 years of development, private enterprise has become an important pillar of our national economy.With the accelerated process of economic globalization, the private enterprises will face more intense competition in the domestic market. At the same time in order to obtain various resources, access to the vast market and foreign advanced technology, many private enterprises active or passive choice of ＂going out＂, through the international road to break the bottleneck of development.展开更多
After private enterprise having experienced 30 years of hard work in the reform and opening up and accumulated a certain primitive accumulation of capital, how to make strategic adjustments or enterprise strategic tra...After private enterprise having experienced 30 years of hard work in the reform and opening up and accumulated a certain primitive accumulation of capital, how to make strategic adjustments or enterprise strategic transformation, how to avoid the risk of corporate business development and to make diversification or specialization has become a question of reality that contemporary Chinese private enterprises must face. In this paper, we will exposure to and experience Chinese private enterprises from small to big, starting from nothing, with its own business development strategy, and briefly talk about how private enterprise face the diversification and professional development strategies.展开更多
Performance of private enterprises in the social and economic activities are increasingly active, now they go into the heart from the economic, social fringes, and become the most dynamic and promising economic form o...Performance of private enterprises in the social and economic activities are increasingly active, now they go into the heart from the economic, social fringes, and become the most dynamic and promising economic form of China＇s economy. With the increased competition after accession to the WTO, economic globalization requires private enterprises pay more attention to the speed and efficiency of discovery the market, distribution methods, the new generation of products, liquidity. ＂Information＂ is the most effective means to achieve speed and efficiency. Currently, private enterprise information technology has become the focus content of our enterprise information.展开更多
This paper presents empirical evidence on the financial characteristics of Chinese entrepreneurial SMEs, both state-owned and private enterprises, listed in the Chinese stock markets during 2006-2009. Building on exta...This paper presents empirical evidence on the financial characteristics of Chinese entrepreneurial SMEs, both state-owned and private enterprises, listed in the Chinese stock markets during 2006-2009. Building on extant literature and using a parametric approach on 359 sample SMEs for 2006-2009 period, the study examines the financial characteristics that are embedded in the financially healthy and unhealthy Chinese SMEs. The findings of the study suggest that financially healthy Chinese SMEs have strength in terms of liquidity, profitability, and leverage ratios as compared to financially unhealthy SMEs with the exception of a few cases in leverage and profitability. These findings are worth noting to understand the uniqueness of financial characteristics of the Chinese SMEs and useful for policy makers to deal with the issues related to financially distressed SMEs in China.展开更多
文摘Since the last century, China has carried out the reform of public utilities in the ninety time, and has achieved many positive results. The quality and efficiency of public goods supply is greatly improved. The government has changed the role of producer and provider from the past to the role of provider and regulator, which effectively promoted the development of the privatization of public utilities. However, in the achievements there has also been some problems, such as too much emphasis on efficiency to the neglect of social justice and the government＇s public responsibility ＂efficiency generalization＂ problem that requires our attention.
文摘The transformation of the development China＇s privatization of city public utilities？ vigorously promote the government function, however, the relative monopoly administrative operation system, functions decentralized system of government regulation and legal system construction is lagging behind, can making the privatization process easily lead to the emergence of efficient generalization, must be identified and avoided. This paper presents efficient generalization of privatization of public utility of our country city in measure, and analyzes the performance efficiency of the three resulting generalization.
文摘after 30 years of development, private enterprise has become an important pillar of our national economy.With the accelerated process of economic globalization, the private enterprises will face more intense competition in the domestic market. At the same time in order to obtain various resources, access to the vast market and foreign advanced technology, many private enterprises active or passive choice of ＂going out＂, through the international road to break the bottleneck of development.
文摘After private enterprise having experienced 30 years of hard work in the reform and opening up and accumulated a certain primitive accumulation of capital, how to make strategic adjustments or enterprise strategic transformation, how to avoid the risk of corporate business development and to make diversification or specialization has become a question of reality that contemporary Chinese private enterprises must face. In this paper, we will exposure to and experience Chinese private enterprises from small to big, starting from nothing, with its own business development strategy, and briefly talk about how private enterprise face the diversification and professional development strategies.
文摘Performance of private enterprises in the social and economic activities are increasingly active, now they go into the heart from the economic, social fringes, and become the most dynamic and promising economic form of China＇s economy. With the increased competition after accession to the WTO, economic globalization requires private enterprises pay more attention to the speed and efficiency of discovery the market, distribution methods, the new generation of products, liquidity. ＂Information＂ is the most effective means to achieve speed and efficiency. Currently, private enterprise information technology has become the focus content of our enterprise information.
文摘This paper presents empirical evidence on the financial characteristics of Chinese entrepreneurial SMEs, both state-owned and private enterprises, listed in the Chinese stock markets during 2006-2009. Building on extant literature and using a parametric approach on 359 sample SMEs for 2006-2009 period, the study examines the financial characteristics that are embedded in the financially healthy and unhealthy Chinese SMEs. The findings of the study suggest that financially healthy Chinese SMEs have strength in terms of liquidity, profitability, and leverage ratios as compared to financially unhealthy SMEs with the exception of a few cases in leverage and profitability. These findings are worth noting to understand the uniqueness of financial characteristics of the Chinese SMEs and useful for policy makers to deal with the issues related to financially distressed SMEs in China.
