After years of governance, the momentum of the spread of commercial bribery in China has yet to be effectively curbed. Commercial bribery has become a major form ofcorruption in China, but there are very jew studies o...After years of governance, the momentum of the spread of commercial bribery in China has yet to be effectively curbed. Commercial bribery has become a major form ofcorruption in China, but there are very jew studies on this topic. This paper discusses commercial briber）, in terms of economics on transactions between the supplier （the bribegiver） and the demander （the bribe-taker）, analyzing reasons for the spread of commercial briberyin China from an economic perspective. The authors find that China＇s commercial bribery governance focuses on punishing the public sector and bribe-takers while it lacks sufficient governance measures on the private sector to address bribe-givers. This form of governance is dramatically different from that utilized in countries with mature market economies as well as some international organizations, which have different measures fortackling commercial bribery. Does governance have a causal effect on the spread of commercial bribery in China？The authors use penalty severity to indicate the private sector ＇srole and use a commercial bribery game under perfect rationality and evolutionary game theory models under bounded rationality to reveal the conditions and mechanism of the origin and spread of commercial bribery. The authors also analyze the role of the private sector （the potential bribe-giver） and the role of the punishment mechanism in commercial bribery governance. Results show that the penalties for bribe-giving are less severe than penaltiesfor bribe-taking. There is an especially clear asymmetric relationship between economic penalties for the bribe-giverand economic benefits gained from bribing, and the authors propose that this disparity is the institutional cause of the spread of commercial bribery in China. Froma local equilibrium and static perspective, asymmetric punishment is important for breaking down the alliance between the bribe-giver and the bribe-taken But from the general equilibrium and dynamic perspective, asymmetric punishment raises the potential bribe-giver＇s expected benefits, attracting the potential bribe-giver and encouraging the potential bribe-giver to extend the bribe offer. In this＇ regard, asymmetric punishment is an institutional defect of China＇s commercial bribery governance. Symmetric punishment mechanisms, with an emphasis on prevention and control, makes＇ the bribe-giver and the bribe-taker subject to the same level of criminal punishmentandalso raises a bribe-giver＇s .financial penaltiesto a level higher than the expected benefits. This in turn has the power tolimit the bribe-giver＇s bribery motivation and ability, leading the bribe-giver togive up bribery voluntarily through rational choice, and eventually curbing the spread of commercial bribery.展开更多
The coming of the experience economy time not only brings huge challenge to traditional commercial space design, but also makes new demand on university commercial building intenor design- course teaching. Expene...The coming of the experience economy time not only brings huge challenge to traditional commercial space design, but also makes new demand on university commercial building intenor design- course teaching. Expenencmg construction is considered, as an important content in the teaching process to obtain better teaching objectives by means of design thought of ＂theme setting-physical manifestation- emotional experience＂, and assist students to set up design approach adjust to the new market demand.展开更多
The real economy is the main body of high-quality development,and the efficiency of capital allocation is an important manifestation of the development of the real economy.Therefore,it is very important to study the e...The real economy is the main body of high-quality development,and the efficiency of capital allocation is an important manifestation of the development of the real economy.Therefore,it is very important to study the efficiency of capital allocation.As a representative of horizontal finance,commercial credit has a significant impact on the improvement of capital allocation efficiency.In view of this,this article combs the literature on commercial credit and capital allocation efficiency from the following aspects:firstly,by studying the literature,combing the literature on the macro-level,micro-level and economic effects of commercial credit;secondly,the measurement method of capital allocation efficiency And the influencing factors are systematically sorted out,and finally sorted out and evaluated the existing literature on the influence of commercial credit on the efficiency of capital allocation.展开更多
文摘After years of governance, the momentum of the spread of commercial bribery in China has yet to be effectively curbed. Commercial bribery has become a major form ofcorruption in China, but there are very jew studies on this topic. This paper discusses commercial briber）, in terms of economics on transactions between the supplier （the bribegiver） and the demander （the bribe-taker）, analyzing reasons for the spread of commercial briberyin China from an economic perspective. The authors find that China＇s commercial bribery governance focuses on punishing the public sector and bribe-takers while it lacks sufficient governance measures on the private sector to address bribe-givers. This form of governance is dramatically different from that utilized in countries with mature market economies as well as some international organizations, which have different measures fortackling commercial bribery. Does governance have a causal effect on the spread of commercial bribery in China？The authors use penalty severity to indicate the private sector ＇srole and use a commercial bribery game under perfect rationality and evolutionary game theory models under bounded rationality to reveal the conditions and mechanism of the origin and spread of commercial bribery. The authors also analyze the role of the private sector （the potential bribe-giver） and the role of the punishment mechanism in commercial bribery governance. Results show that the penalties for bribe-giving are less severe than penaltiesfor bribe-taking. There is an especially clear asymmetric relationship between economic penalties for the bribe-giverand economic benefits gained from bribing, and the authors propose that this disparity is the institutional cause of the spread of commercial bribery in China. Froma local equilibrium and static perspective, asymmetric punishment is important for breaking down the alliance between the bribe-giver and the bribe-taken But from the general equilibrium and dynamic perspective, asymmetric punishment raises the potential bribe-giver＇s expected benefits, attracting the potential bribe-giver and encouraging the potential bribe-giver to extend the bribe offer. In this＇ regard, asymmetric punishment is an institutional defect of China＇s commercial bribery governance. Symmetric punishment mechanisms, with an emphasis on prevention and control, makes＇ the bribe-giver and the bribe-taker subject to the same level of criminal punishmentandalso raises a bribe-giver＇s .financial penaltiesto a level higher than the expected benefits. This in turn has the power tolimit the bribe-giver＇s bribery motivation and ability, leading the bribe-giver togive up bribery voluntarily through rational choice, and eventually curbing the spread of commercial bribery.
文摘The coming of the experience economy time not only brings huge challenge to traditional commercial space design, but also makes new demand on university commercial building intenor design- course teaching. Expenencmg construction is considered, as an important content in the teaching process to obtain better teaching objectives by means of design thought of ＂theme setting-physical manifestation- emotional experience＂, and assist students to set up design approach adjust to the new market demand.
基金We are grateful for the financial support from Surface Project of“Nature Science Found of Shandong Province”(Project Title:Trade credit and TFP of Shandong Manufacturing Enterprises:a Study from the Perspective of Enterprises and Clusters,No.ZR2020MG037)Key Project of“Shandong University Humanities and Social Sciences”(Project Title:the Mechanism of Trade Credit Influencing Technological Innovation:an Empirical Study of Shandong Enterprises,No.J17RZ005)Surface Project of“Social Science Found of Shandong Province”(Project Title:Study on the Mechanism of Informal Finance Promoting Innovation in Shandong Province,No.19CJJJ23).
文摘The real economy is the main body of high-quality development,and the efficiency of capital allocation is an important manifestation of the development of the real economy.Therefore,it is very important to study the efficiency of capital allocation.As a representative of horizontal finance,commercial credit has a significant impact on the improvement of capital allocation efficiency.In view of this,this article combs the literature on commercial credit and capital allocation efficiency from the following aspects:firstly,by studying the literature,combing the literature on the macro-level,micro-level and economic effects of commercial credit;secondly,the measurement method of capital allocation efficiency And the influencing factors are systematically sorted out,and finally sorted out and evaluated the existing literature on the influence of commercial credit on the efficiency of capital allocation.
