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State-Owned Capital Participation in Private Enterprises:A Perspective of Debt Financing
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作者 He Dexu Zeng Min Zhang Shuonan 《China Economist》 2024年第1期14-42,共29页
This study takes debt financing as the entry point and explores the impact of state-owned capital participation in private enterprises from the perspectives of“unarticulated rules”and“articulated rules”.The study ... This study takes debt financing as the entry point and explores the impact of state-owned capital participation in private enterprises from the perspectives of“unarticulated rules”and“articulated rules”.The study finds that state-owned capital participation significantly reduces the debt financing costs of private enterprises and expands the scale of their debt financing.This conclusion remains valid after a series of endogeneity and robustness tests.Further analysis of the mechanism reveals that state-owned capital participation improves the debt financing of private enterprises through multiple channels:Enhancing their social reputation,mitigating the“statistical bias”they face,optimizing their information quality,and reducing the“shareholder-creditor”agency problems.This paper conceptualizes these benefits as the“complementary advantages of heterogeneous shareholders”.This not only constructs a theoretical framework for“reverse mixed-ownership reform”but also better narrates the Chinese story of“mixed-ownership reform”by adopting a more universally applicable theory of equity structure.Additionally,the paper supplements existing research on the macro-and meso-level relationship between the government and the market by exploring the government’s positive role at the micro-level. 展开更多
关键词 Mixed-ownership reform reverse mixed-ownership reform state-owned capital debt financing heterogeneous shareholders
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Impact of web-based positive psychological intervention on emotions,psychological capital,and quality of life in gastric cancer patients on chemotherapy
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作者 Yu-Yu Xin Dan Zhao 《World Journal of Clinical Cases》 SCIE 2024年第26期5877-5884,共8页
BACKGROUND Gastric cancer is a malignant digestive tract tumor that originates from the epithelium of the gastric mucosa and occurs in the gastric antrum,particularly in the lower curvature of the stomach.AIM To evalu... BACKGROUND Gastric cancer is a malignant digestive tract tumor that originates from the epithelium of the gastric mucosa and occurs in the gastric antrum,particularly in the lower curvature of the stomach.AIM To evaluate the impact of a positive web-based psychological intervention on emotions,psychological capital,and quality of survival in gastric cancer patients on chemotherapy.METHODS From January 2020 to October 2023,121 cases of gastric cancer patients on chemotherapy admitted to our hospital were collected and divided into a control group(n=60)and an observation group(n=61)according to the admission order.They were given either conventional nursing care alone and conventional nursing care combined with web-based positive psychological interventions,respectively.The two groups were compared in terms of negative emotions,psychological capital,degree of cancer-caused fatigue,and quality of survival.RESULTS After intervention,the number of patients in the observation group who had negative feelings toward chemotherapy treatment was significantly lower than that of the control group(P<0.05);the Positive Psychological Capital Questionnaire score was considerably higher than that of the control group(P<0.05);the degree of cancer-caused fatigue was significantly lower than that of the control group(P<0.05);and the Quality of Life Scale for Cancer Patients(QLQ-30)score was significantly higher than that of the control group(P<0.05).CONCLUSION Implementing a web-based positive psychological intervention for gastric cancer chemotherapy patients can effectively improve negative emotions,enhance psychological capital,and improve the quality of survival. 展开更多
关键词 Internet Positive psychology Gastric cancer chemotherapy Negative emotions Psychological capital Quality of survival
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Defining Cities by Water: Addressing Capital Misallocation in a Race to Conserve Resources
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作者 Yao Peng Li Jinze 《China Economist》 2024年第1期86-102,共17页
As part of its efforts to promote a sustainable and high-quality development,China has pledged to reduce water consumption and create a water-efficient society.On the basis of identifying the institutional root causes... As part of its efforts to promote a sustainable and high-quality development,China has pledged to reduce water consumption and create a water-efficient society.On the basis of identifying the institutional root causes of excessive capital allocation and excessive water consumption in China’s water-intensive industrial sectors,this study elaborates how the national water-efficient cities assessment contributes to optimized capital allocation.Our research shows that national water-efficient cities assessment has motivated local governments to compete for water efficiency.To conserve water,local governments regulated the entry and exit of water-intensive enterprises,discouraged excessive investments in water-intensive sectors,and phased out obsolete water-intensive capacities within their jurisdictions.This approach has resulted in mutually beneficial outcomes,including improved allocation of capital,enhanced water efficiency,and reduced emissions.This paper offers policy recommendations for establishing a water-efficient society throughout the 14^(th) Five-Year Plan(2021-2025)period by presenting empirical evidence on the policy effects of resource efficiency evaluation. 展开更多
关键词 Competitive evaluation for resource efficiency national water-efficient cities assessment capital misallocation water efficiency emissions abatement
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Construction of Regional Ecological Capital Operation Mechanism System from the Perspective of Green Economy Development
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作者 Wanxuan WU Jialin LIU Xieyu XIONG 《Meteorological and Environmental Research》 2024年第4期44-48,共5页
Green development has gradually become the main theme of the current world economic development.Green transformation development and cracking the contradiction between ecology and economy need to build an effective ec... Green development has gradually become the main theme of the current world economic development.Green transformation development and cracking the contradiction between ecology and economy need to build an effective ecological capital operation system and mechanism to support,encourage the effective operation of regional ecological capital,promote the appreciation and preservation of ecological capital,and escort the operation.This paper constructs a four-in-one regional ecological capital operation mechanism system,in which the"accumulation mechanism"is the prerequisite,the"conversion mechanism"is the key link,the"compensation mechanism"is an important supplement,and the"incentive mechanism"is the safeguard measure,which aims to ensure the smooth progress of the construction of beautiful China in the new era and realize the socialist modern power. 展开更多
关键词 Green economy Value realization of ecological products Ecological capital operation
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The Interrelationship between Culture and Capital Structure:Evidence from International Retailers
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作者 Sisi Xu 《Proceedings of Business and Economic Studies》 2024年第2期66-72,共7页
The present study investigates the influence of cultural factors in 2022 on the capital structure of global retailers.There are sixteen retailers from eight countries in the sample.In recent times,numerous academician... The present study investigates the influence of cultural factors in 2022 on the capital structure of global retailers.There are sixteen retailers from eight countries in the sample.In recent times,numerous academicians have taken an interest in examining the capital structure and business model of retailers,owing to their swift and consistent growth.However,the fact that the majority of research originates from the retailers’host country gives rise to debate regarding the applicability of the capital structure of said retailers to countries with distinct cultural environments.Consequently,academics have begun to investigate whether the capital structure of multinational retailers is impacted by the diversity of national cultures. 展开更多
关键词 Cultural factors capital structure Global retailers Business model National cultures
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Venture Capital Syndication under Social Network Theory:Literature Review and Prospect
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作者 Junru Zhao Shasha Yang Zhengbin Wang 《Proceedings of Business and Economic Studies》 2024年第4期10-15,共6页
As an important channel for start-ups to obtain R&D funds and external knowledge and information resources,and as one of the key methods for investment institutions to leverage scale and synergy effects to enhance... As an important channel for start-ups to obtain R&D funds and external knowledge and information resources,and as one of the key methods for investment institutions to leverage scale and synergy effects to enhance investment returns,venture capital syndication holds significant research value in the field of venture capital.This paper reviews the literature,summarizing the motivations behind the formation of joint investment networks,the conceptual characteristics of the three core theories of social network theory,and the empirical research on venture capital syndication within the framework of social network theory.It also highlights the existing research results,identifies gaps,and anticipates future research directions. 展开更多
关键词 Social network theory Venture capital syndication investment
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On Daniel Bell's The Cultural Contradictions of Capitalism 被引量:1
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作者 郭春娟 《海外英语》 2016年第10期118-120,共3页
This article makes a brief introduces to Daniel Bell's The Cultural Contradictions of Capitalism which explores how a bourgeois economy coexists with an anti-bourgeois culture. This article is comprised of four pa... This article makes a brief introduces to Daniel Bell's The Cultural Contradictions of Capitalism which explores how a bourgeois economy coexists with an anti-bourgeois culture. This article is comprised of four parts including the concept of culture、the disjunction of three realms(economics, politics and culture)、the cultural contradictions of capitalism and the evaluation on Daniel Bell's theory. It offers a close look into the inner relation between different spheres in the capitalist society illustrated in Bell's book, and Bell's theory in terms of cultural contradictions of capitalism will be concretely elaborated. 展开更多
关键词 DANIEL BELL The Cultural CONTRADICTIONS of capitalism culture MODERNISM capitalism DISJUNCTION of th
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On the Industrial Capitalism(Reflected) in the Red Badge of Courage
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作者 何志刚 李彦芳 《海外英语》 2010年第7X期193-196,共4页
Stephen Crane' s The Red Badge of Courage adopted the industrial capitalism as response to his motif to indicate that industrial capitalism had a swift development in 1890s in America,and meanwhile his novel was g... Stephen Crane' s The Red Badge of Courage adopted the industrial capitalism as response to his motif to indicate that industrial capitalism had a swift development in 1890s in America,and meanwhile his novel was greatly influenced. 展开更多
关键词 BLINDNESS COMPETITION MACHINERY INDUSTRIAL capitalism
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THE SPIRIT OF CAPITALISM, NON-EXPECTEDUTILITY AND ASSET PRICING 被引量:3
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作者 杨云红 《Acta Mathematica Scientia》 SCIE CSCD 1999年第4期409-416,共8页
This paper investigates testable restrictions on the time-series behavior of consumption and asset returns implied by a representative agent model with the spirit of capitalism in which intertemporal preference is rep... This paper investigates testable restrictions on the time-series behavior of consumption and asset returns implied by a representative agent model with the spirit of capitalism in which intertemporal preference is represented by a utility function that generalizes conventional, time-additive, expected utility. In the recursive structure of preference, the author examines the implication for cosumptions, portfolio holdings, and stock-market prices when investors accumulate wealth not only for the sake of consumption but also for wealth-induced social status. When investors care about relative social status, the propensity to consume and risk-taking behavior will depend on social standards, and stock prices will be volatible. Hence, the spirit of capitalism seems to be a driving force behind stock-market volatility and economic growth. Because the elasticity df substitution and the coefficient of relative risk aversion are independent and the spirit of capitalism is introduced, the equity premium puzzle can be partially explained in the model. 展开更多
关键词 the spirit of capitalism non-expected utility asset pricing wealth growth
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On Reformation and the Development of Capitalism
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作者 杨程程 葛挺 《海外英语》 2011年第4X期83-84,共2页
Due to Reformation movement in the 16th century,Protestantism came into being.Lutheranism,Calvinism and Puritanism rationalized and justified worldly economic activity.The Protestant asceticism was considered favorabl... Due to Reformation movement in the 16th century,Protestantism came into being.Lutheranism,Calvinism and Puritanism rationalized and justified worldly economic activity.The Protestant asceticism was considered favorable to the development of capitalistic economy.Religious reform was in a certain degree beneficial to the development of capitalism.This thesis mainly discusses the influence of Reformation upon the development of capitalism. 展开更多
关键词 REFORMATION PROTESTANTISM PROTESTANT ASCETICISM capitalism
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Development,Capitalism Transformation and Marxism
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作者 Mustapha Machrafi 《学术界》 CSSCI 北大核心 2019年第2期185-192,共8页
Development,Capitalism Transformation and
关键词 capitalism MARXISM sub-Saharan AFRICA POLITICAL ECONOMY PARADIGM shift
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Three Tales of Capitalism and Creative Economy
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作者 Diego Santos Vieira de Jesus 《International Relations and Diplomacy》 2020年第2期39-44,共6页
The aim is to examine how the creative economy develops in shareholder,state,and stakeholder capitalism.In the shareholder capitalism,the creative economy is headed by large companies in cooperation with governments,w... The aim is to examine how the creative economy develops in shareholder,state,and stakeholder capitalism.In the shareholder capitalism,the creative economy is headed by large companies in cooperation with governments,which replicate pregiven formulas of governance with no consideration of local specificities,and reinforces the exclusion of small and medium-sized creative enterprises.The state capitalism has the government authorities as the main drivers of the creative economy’s growth,which is usually connected to their political interest in preserving authority and manipulating the population.In the stakeholder capitalism,companies should pay their fair share of taxes,show zero tolerance for corruption,uphold human rights throughout their global supply chains,and advocate for a competitive level playing field.These elements create the specific conditions for a more diversified set of actors leading the initiatives dedicated to the development of creative economy. 展开更多
关键词 CREATIVE ECONOMY SHAREHOLDER capitalism state capitalism STAKEHOLDER capitalism
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crony capitalism该怎么译?
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作者 汪惠迪 《语文建设》 CSSCI 北大核心 2001年第5期19-19,共1页
关键词 汉语 英语 权贵资本主义 翻译 "crony capitalism"
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The Spiritual Principles of Restorative Justice and the Efficiency Principles of Modern Capitalism:A Path Towards Reconciliation?
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作者 Nikos Valance 《Journal of Philosophy Study》 2019年第11期675-682,共8页
Restorative justice represents a paradigm shift away from a retributive approach to justice to one of restoration as a way of healing the harms to individuals and communities that have been affected by crime.It works ... Restorative justice represents a paradigm shift away from a retributive approach to justice to one of restoration as a way of healing the harms to individuals and communities that have been affected by crime.It works from a recognition and acceptance of the interrelationships and interdependencies of individuals within a community.Sustainable development operates from the same point of view,recognizing that to heal and sustain the physical environment,interrelationships and interdependencies must be recognized.In the restorative process,in order for a healing to take place the victim’s voice is made prominent and the offender must take responsibility and be accountable for the harm that has occurred.In the context of more and more acceptance by corporations of the importance of sustainability,and by inference the acceptance of the paradigm shift that sustainability relies on,will corporations become ready to participate in restorative processes? 展开更多
关键词 restorative justice sustainable development corporations restorative practices paradigm shift capitalism whole systems
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The Ethical Foundation Underlying the Spirit of Capitalism:A Comparative Study of Max Weber and Yu Yingshi
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作者 连晨佳 《疯狂英语(理论版)》 2016年第3期119-121,共3页
This paper makes a comparative study of Max Weber's The Protestant Ethic and The Spirit of Capitalism and Yu Yingshi's The Confucion Ethic and the spirit of Merchants,in order to conclude the similarities in t... This paper makes a comparative study of Max Weber's The Protestant Ethic and The Spirit of Capitalism and Yu Yingshi's The Confucion Ethic and the spirit of Merchants,in order to conclude the similarities in the two ethics underlying the development of capitalism. 展开更多
关键词 PROTESTANT ETHIC CONFUCIAN ETHIC the spirit of capitalism heavenly principles DOCTRINE of PREDESTINATION Innate knowing
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How Capitalism Creates Peace in Don Quixote While Non-Capitalism Induces Violence
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作者 Emre Gurgen 《Journal of Literature and Art Studies》 2018年第4期509-523,共15页
This article reasons that free-market capitalism produces peace in Don Quixote while its absence induces violence. Specifically, it shows readers: that when Don Quixote's characters inherit peace transpires but when... This article reasons that free-market capitalism produces peace in Don Quixote while its absence induces violence. Specifically, it shows readers: that when Don Quixote's characters inherit peace transpires but when they are extorted gore happens; that a modem salary causes peace in Don Quixote while a feudal Mercedes causes conflict; that when contracts are honored Don Quixote's characters are calm but when contracts are breached its' characters are violent; that figures in Don Quixote who work for a living are tranquil while those who do not work fight; that peaceful capitalism in Don Quixote is separate from, and better than, violent corsair anti-capitalism; thatCapitalism's profit motive does not cause slavery in Don Quixote but feudal suppression of human fi'eedom does; that peaceful economic justice is adjudicated by civil judges, such as Sancho Panza, while bloody economic injustice is inflicted by either vigilantes (in Don Quixote's Case) or monarchical brutality (in the Holy Brotherhood's case); and penultimately, that when the novel's financial disputes are decided by law courts peace ensues but when they are not violence happens.Finally, this article fmishes, by enumerating specific areas of future research on capitalism in Don Quixote. Scholars interested in Emre Gurgen's full scholarship, can visit his personal author website at www.don-quixote-explained.com 展开更多
关键词 capitalism in Don Quixote free markets in Don Quixote economics in Don Quixote
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In the Arms of Unconsciousness:Capitalism,Creative Economy,and the End of Rest in Gustavo Vinagre’s Unlearning to Sleep
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作者 Diego Santos Vieira de Jesus 《Journal of Literature and Art Studies》 2021年第10期759-763,共5页
The aim of the article is to explore the relation among capitalism,creative economy,and the end of rest in Gustavo Vinagre’s movie Unlearning to Sleep.The main argument indicates that,in the context of the imperative... The aim of the article is to explore the relation among capitalism,creative economy,and the end of rest in Gustavo Vinagre’s movie Unlearning to Sleep.The main argument indicates that,in the context of the imperatives within the inhumane temporalities of the 24/7 society,sleep and rest may represent an inevitable and anomalous resistance to the demands of the capitalist order in which creative economy is immersed and exposed in the movie. 展开更多
关键词 capitalism creative economy Gustavo Vinagre Unlearning to sleep Brazilian cinema REST SLEEP
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ONGOING PREDICAMENTS OF CAPITALISM AND FUTURE TREND OF WORLD ORDER
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作者 LIN YONGLIANG 《Contemporary World》 2017年第3期41-44,共4页
According to the viewpoint of historical materialism,the economic base determines the superstructure.In the long process of its development,capitalism has not only shaped political and economic institutions within cou... According to the viewpoint of historical materialism,the economic base determines the superstructure.In the long process of its development,capitalism has not only shaped political and economic institutions within countries but also profoundly impacted the development and transition of the world order.However,since the international financial crisis 展开更多
关键词 ONGOING PREDICAMENTS OF capitalism AND FUTURE TREND OF WORLD ORDER TPP World US
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Intellectual Capital in Knowledge Management Organizations
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作者 Salwa Alhamoudi 《Economics World》 2023年第4期178-186,共9页
This paper templet is copyright by Global Conference on Business and Social Science organized by Global Academy of Training&Research(GATR)Enterprise.Intellectual capital and knowledge are the most important assets... This paper templet is copyright by Global Conference on Business and Social Science organized by Global Academy of Training&Research(GATR)Enterprise.Intellectual capital and knowledge are the most important assets of most organizations to ensure that determined or intended strategies can be implemented.The resource-based view of the firm considers the firm as a bundle of tangible resources,intangible resources,and organisational capabilities.An effective IC refers to the critical issues of organisational adaptation,survival and competence in the face of discontinuous environmental change.KM is essential for retaining employees’knowledge within a firm by using appropriate technology and tools to capture and store the knowledge residing in the minds of its employees,so it can be easily shared and reused.There is a growing realisation of the importance of the development and understanding of theory for both Intellectual Capital and Knowledge Management in relation to guide the successful development of Knowledge Management Organisations.This study is fundamental because it will provide the whole picture about the different levels of knowledge;individual,group and organizational,which express internal knowledge(formal and informal knowledge)and external knowledge such as customers and suppliers.The aim of this study is addressed some of the gaps in Intellectual Capital literature.It is necessary to investigate the interactions between IC components in Knowledge management organizations,which include human capital(HC),Organizational capital(OC),and Relational capital(RC).This is important in order to discover the extent to which these factors work together to achieve a network’s knowledge management in organization. 展开更多
关键词 knowledge management intellectual capital human capital organization capital relational capital
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Effects of financial development and capital accumulation on labor productivity in sub‑Saharan Africa:new insight from cross sectional autoregressive lag approach
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作者 Joshua Dzankar Zoaka Hasan Gungor 《Financial Innovation》 2023年第1期1-18,共18页
This study aims to shed light on the effects of financial development and accumula-tion of capital on the productivity of labor in the sub-Sahara African region within the period of 1990–2018.In this work,we used the... This study aims to shed light on the effects of financial development and accumula-tion of capital on the productivity of labor in the sub-Sahara African region within the period of 1990–2018.In this work,we used the(dynamic)common correlated effects estimator-mean group and additional techniques such as cross-section autoregressive distributed lag to calibrate the sample into the African subregion to ensure robustness.The findings reveal that financial progress in the region over time leads to an increase in productivity of labor and also the accumulation of capital.Furthermore,financial markets have a progressive impact on the productivity of labor within sub-Saharan African regions.We extend the very limited literature on the nexus between financial development and labor productivity by incorporating capital accumulation into our model which has not been previously studied. 展开更多
关键词 Productivity of labor Financial development CS-ARDL capital accumulation Sub-Saharan Africa
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