In the research, reform of rural collective economy property right system in Beijing rural-urban continuum was explored in terms of background, cause, pro- cess and practice modes by surveying and interviewing, and th...In the research, reform of rural collective economy property right system in Beijing rural-urban continuum was explored in terms of background, cause, pro- cess and practice modes by surveying and interviewing, and the value of system reform on urbanization in rural areas was illustrated from the perspective of farmers who lose lands. The results showed that since reform and opening-up, disadvan- tages of collective economy property are always the fundamental cause of reform; rural-urban contradiction produced from rapid urbanization makes the reform much more urgent; shareholding co-operative system is the essence of reform of collective economy property right system. Rural collective economy property right system in Beijing includes stock-assets quantification shareholding co-operative system, share- capitalization of contractual land management right, farmers as shareholders by investment, and resource and capital mode, with advantages and disadvantages respectively. The common character should be noticed is that all modes have share on contractual right of land, indicating the core of the reform of property system lies in asset quantification and stock quota. In improving urban-rural integration and modern market system, as well as endowing more rights to farmers, reform of rural collective economy property right system is of great significance, which provides a transition space and buffer mechanism for urbanization in rural areas.展开更多
Cooperative financing, with existing problems involving legal person man-agement and property supervision is highly demanded by farmers in China. It is fea-sible to explore a shareholding system to resolve the managem...Cooperative financing, with existing problems involving legal person man-agement and property supervision is highly demanded by farmers in China. It is fea-sible to explore a shareholding system to resolve the management mode issue of rural credit cooperatives in order to introduce investments, formulate the right struc-ture for rational stock and to establish effective monitoring mechanism for property right. Hence, information issuing would be reinforced and a rural credit cooperative would be established to be a modern financial enterprise with transparent property rights.展开更多
This paper analyzes the price difference between superior voting （SV） and inferior voting （IV） shares for three dual-class firms： Farmer Mac as a big price discount case, Fox as a price similarity case, and Heico...This paper analyzes the price difference between superior voting （SV） and inferior voting （IV） shares for three dual-class firms： Farmer Mac as a big price discount case, Fox as a price similarity case, and Heico as a big price premium case. We show that the price difference is mainly affected by the control benefit, while voting power and liquidity are also relevant factors. We suggest that the control benefit can be revealed by examining share accumulation and firm performance.展开更多
基金Supported by Major Project of the National Social Science Fund(13&ZD027)National Natural Science Foundation of China(41371177)the National Science and Technology Support Planning(2012BAJ22B03)~~
文摘In the research, reform of rural collective economy property right system in Beijing rural-urban continuum was explored in terms of background, cause, pro- cess and practice modes by surveying and interviewing, and the value of system reform on urbanization in rural areas was illustrated from the perspective of farmers who lose lands. The results showed that since reform and opening-up, disadvan- tages of collective economy property are always the fundamental cause of reform; rural-urban contradiction produced from rapid urbanization makes the reform much more urgent; shareholding co-operative system is the essence of reform of collective economy property right system. Rural collective economy property right system in Beijing includes stock-assets quantification shareholding co-operative system, share- capitalization of contractual land management right, farmers as shareholders by investment, and resource and capital mode, with advantages and disadvantages respectively. The common character should be noticed is that all modes have share on contractual right of land, indicating the core of the reform of property system lies in asset quantification and stock quota. In improving urban-rural integration and modern market system, as well as endowing more rights to farmers, reform of rural collective economy property right system is of great significance, which provides a transition space and buffer mechanism for urbanization in rural areas.
基金Supported by Key Research Topic by Anhui Administrative College(YJKT0910ZD02)~~
文摘Cooperative financing, with existing problems involving legal person man-agement and property supervision is highly demanded by farmers in China. It is fea-sible to explore a shareholding system to resolve the management mode issue of rural credit cooperatives in order to introduce investments, formulate the right struc-ture for rational stock and to establish effective monitoring mechanism for property right. Hence, information issuing would be reinforced and a rural credit cooperative would be established to be a modern financial enterprise with transparent property rights.
文摘This paper analyzes the price difference between superior voting （SV） and inferior voting （IV） shares for three dual-class firms： Farmer Mac as a big price discount case, Fox as a price similarity case, and Heico as a big price premium case. We show that the price difference is mainly affected by the control benefit, while voting power and liquidity are also relevant factors. We suggest that the control benefit can be revealed by examining share accumulation and firm performance.
