The Impact of Internal Financing on Productivity-An Empirical Study on Chinese Listed Manufacturing Firms

Using a panel of 1,747 Chinese manufacturing firms over the period of 2001 to 2016, we examine how internalfinancing affects labour productivity. Value-added revenue over total employees and total factor productivity areused as proxy for labour productivity. Different regressions models including OLS, FGLS, and GMM have beenimplemented to conduct the empirical analysis. The results show that internal financing has positive effect on firms＇productivity as a whole. What is more, whether the firms have state-owned property or not differentiates theexplanation of cash-flow boosted productivity improvement as well as equity-boosted productivity improvement.This paper further took firms＇ location and the effect financial crisis into consideration. It discovered that thedegree of regional development, which is measured by nominal GDP, has significant positive impact on labourproductivity, especially for state-owned enterprises （SOEs）. The 2008 financial crisis is found to have a positiveinfluence on after-crisis labour productivity. We believe this paper shed light on firms＇ after-crisis financingmanagement and government policies to improve the financing structure in the manufacturing sector.

Counteraction to China?Impact of the U.S.International Development Finance Corporation on China’s Development Finance

The United States passed the Better Utilization of Investment Leading to Development(BUILD Act),as a counterweight to China’s overseas development activities.Under the Act,the US established a new federal agency,the U.S.International Development Finance Corporation(DFC),to enhance U.S.development financing capabilities.To better understand the impact of the DFC on China’s development finance,this article analyzes the DFC’s purpose,functions,structure,and funding.Then it focuses on the purpose of establishing the DFC,providing a preliminary analysis of the potential motivation for its establishment.It also compares the China Development Bank(CDB)and the DFC based on their focused sectors.Finally,through an in-depth analysis of financial frictions in China-U.S.relations,this article argues that the DFC competes with China’s overseas development financing activities in the context of broader strategic competition between China and the U.S.

Future Prospects for Funding Strategies in Palestinian National Economy

On the international levels, funding has a wide importance in the sense that it is vehemently regarded as something that attracts both the developed countries and the developing countries. This is considered as the focal point of economy and economic activities. This is because of the fact that any economy can not continue without funding. This leads to a great care by institutions and governments as well as any social, political, and economic activity. The funding policy is regarded as one of the most important and active methods in having and preparing strategies that aim at having total control on private and public f＇mancial resources throughout financial activities to refresh the Palestinian economy. Due to the sensitivity of the current conditions, funding has a very important position and role. The deprivation stages the Palestirtian people have witnessed led to lack of Palestinian rights to build national institutions and bodies that are able to adopt social and economic policies that aim at having development as well as enabling the Palestinian entire society members to face both internal and external challenges and vice versa. There is vacuum of having an independent Palestinian state after 1967. There is a strict political s~,stem of lawful individuals and political domination, imposing by an Israeli military occupation to control and rule, controlling all Palestinian life to destroy the Palestinian economy and to distort the system without any lawful and constitutional independence. During the occupation period, the Palestinians lived under a lawful and managerial military power that destroys productivity paving the way to expel Palestinians out of their home which did not enable Palestinians to have their own social policies. The Palestinian national authority, ever since its rule, started to have a rehabilitation of its economic policies within a strategic plan that ensures economic development, stability, and geographical continuation amongst Palestinian resources control in a way that supports the Palestinian economy. That builds Palestinian policies to have economic development and improvement of general performance to develop, complete, and unify law and constitution. This also aims at Palestinian society development in terms of economy giving future hopes for Palestinians to have international development projects in the sense that any Palestinian strategy quickly faces lack of fund and therefore consequently everything is put to an end. The possibility of this study is to strengthen and stimulat the direct foreign investment as an alternative of the internal funding. Moreover, this study will investigate how to achieve an increase efficiency of investment and the national funding resources that generate income. The study＇s methodology is, descriptive analytical approach which has been applied because it matches the nature of this study. To answer study questions ＂What is the funding strategy followed by the Palestinian authority to develop the national economy？＂, confirmation is made that there are no funding strategies applied by the Palestinian authority to create funding mechanisms for development of national economy. This is not helpful for the national economy.

Discussion on “One Belt One Road” Construction and International Financial Cooperation

Under the grand economic vision of opening up and cooperation among countries,the world economy is gradually recovering,and economic and trade exchanges between countries are increasing,which is an important sign of sound economic development.At the same time,we need the joint efforts of all countries to move towards the goal of mutual benefit and common development.We should fully develop one of the"one belt one road"in the economic construction.At the same time,we need to deepen economic cooperation,improve the investment and financing system and credit system,and China International Finance is particularly important.International financial cooperation is one of the difficulties things and“One belt one road”is the same.The financial market's influence on the economic outflow of funds is not to be ignored.Based on this background,one will take the"one belt one road"as the starting point to explore the problems of international financial cooperation.

Supportive tactics for innovative and sustainability performance in emerging SMEs

For this research,we examined the influence of access to domestic and international financing on sustainability performance with a mediating role of innovative performance and a moderating role of access to government support.Data were collected from 317 small and medium-sized enterprises(SMEs)through structured questionnaires.The results indicated that access to domestic and international financing significantly contributes to sustainability and innovative performances.Accordingly,we found a partial mediating role of innovative performance between access to domestic financing and sustainability performance as well as between access to international financing and sustainability performance.Access to government support significantly moderates the relationship between access to domestic finances and innovative performance as well as between access to international finances and innovative performance.Practitioners and policymakers should encourage national and international financial institutions and banks to facilitate SMEs by lending them funds for innovative activities and sustainability performance.Moreover,the government should support SMEs,so that they can contribute to economic growth and the gross domestic product.The implications from these matters will be further discussed in this paper.

Thoughts on Transformations in International Finance

Asuccession of shock waves from international financial crisis has revealed pro-found transformations in the power balance of international finance,which willredraw the global financial landscape and exert a tremendous impact on the worldconfiguration in the next century.A scramble is on among major powers for com-manding heights in the new financial scene through strategic adjustments.Chinashould seize the opportunity to seek a niche for itself in this emerging world map,while guarding against risks in the defense of national economic security.