An Overview of Government-Market Relationships:Evolving Perceptions,Role of the Market,and Government Functions

Building a high-level socialist market economy is conducive to giving full play to the market’s decisive role in resource allocations and bringing the government into better play.Correctly handling the market and the government relationships has been a central issue in China’s economic structural reform.Giving a comprehensive review and summary of the research findings achieved by the theoretical and academic circles in China,we generalize the evolution and working mechanisms of China’s socialist market economy system,following the developing trajectory and logic of relevant literature,focusing on the three aspects of evolving perceptions,the role of the market,and the functions of the government.Based on our literature overview,we also induced and extracted the basic conclusions and evolutionary features of relevant research and made suggestions for the future direction of theoretical research regarding China’s socialist market economy.

China's National Characteristics,Government-Market Relationship and the Development of Its Financial System

This study seeks to determine an effective boundary between government and market in light of modern financial theories.According to the findings of this paper,the relationship between government and market must be conceived of as under the "continuous spectrum of change" resulting from economic development.In practice,an effective frontier between government and market not only transforms continuously with the process of economic development but also demonstrates significant contrasts internationally according to the different national characteristics existing in each country.Determining a frontier between government and market requires that the relationship between the two be embedded into a broader set of institutional environmental constraints that incorporate consideration of the dynamic processes and mechanisms of economic development.The key issue is that government and market act with regard to the principle of comparative advantage as they play their respective roles.

Market Economy Requires Wise Government Intervention

In China where there is a profound influence of "local magistrates as citizens’ parents" in the traditional sense, people are naturally inclined to rely on government authorities

Market regulation and government intervention of vocational education＇s development

Government intervention and market regulation are two important ways in the process of economic operations, effective govemment intervention and market regulation can promote development of economic. This article briefly summarizes economists defined the government intervention and market regulation in the history of economic. Since the founding of New China, it elaborated to defining process of government intervention and market regulation in the development China＇ s economic. Under the new situation, it proposed government intervention should combine market regulation to achieve sound and fast development of economic. Market regulation in the development of vocational education for the economic development is the goal of training practical talents of vocational education. This objective requires that vocational education must work closely with the needs of economics＇ development and service for the economics＇ development. Under the system of planned economy, contraction between supply of talent and needs of economic is planning to achieve indirectly through a unified government.

VoIP Market Intensified,the Government Control Still Won't Be Unlocked In the Near Future

The traditional telecommunications operator of China has entered into a substantive network construction stage of NGN and new VoIP service in 2006. As the increasing understanding and the consideration of cost to VoIP, VoIP has become more acceptable for CIO of large-scale enterprises. Small and medium-scale enterprises are sensitive to communication cost, but influenced by the maturity of VoIP technology and reduction of VoIP equipment price, the market is intensified. All these drive the VoIP equipment entering into the actual purchase stage and promote the stable growth of VoIP equipment scale.

Governing the gold rush into emerging markets: a case study of Indonesia’s regulatory responses to the expansion of Chinese-backed online P2P lending

Peer-to-peer(P2P)lending has the potential to boost financial inclusion in emerging markets.This paper contributes to the literature on fintech governance in emerging Asian markets.It examines the case of the Indonesian government’s approach in regulating the P2P lending sector using both primary interviews and secondary firmlevel data.Driven by regulation tightening in China and regulatory gaps in Indonesia,Chinese investments became the largest in this sector contributing,however,to growing risks from illegal business practices.The Indonesian government responded by creating new regulations and institutions,mitigating risks without stifling the potential for financial inclusion.We conclude a proactive approach towards monitoring and regulating emerging high-tech industries should be sought by strengthening links with industry and civil society,and through international cooperation for policy and knowledge sharing.

From Government to Enterprises:How Tax Sharing Interacts with Tax Rates

Tax sharing embodies central-local government fiscal relations and tax rates reflect government-market relations.Research on the interactions between tax sharing and tax rates helps uncover the effects of central-local fiscal relations on government-market relations.According to our study,China's flexible tax sharing and differential tax rates facing firms are two important typical facts;theoretical analysis discovered that effective corporate tax rates are influenced by local government preferences and tax sharing ratio;empirical analysis found that increasing CIT and VAT sharing ratios for governments at city and county levels led to the reduction of tax evasion and increase of effective tax rates.The above conclusions have revealed the unique mechanism of how government-market relations are influenced by fiscal system,explains the sources of differential tax rates facing Chinese firms,and provides reference for next-step fiscal reform.

The Mediating Effect of Corporate Governance on the Relationship Between Accounting Information and Stock Market Return of Listed Entities in Ghana

The study examined the mediating effect of corporate governance on the relationship between accounting information and stock market returns of listed entities on the Ghana Stock Exchange.The population of the study was forty(40)listed entities from 2007-2019 with 520 firm-year observations.The study applied a panel regression model that takes unobserved individual heterogeneity and distributional heterogeneity into consideration.In addition,the study employed cross-section dependence test,Levin-Lin-Chu,ImPesaran,Pesaran,Kao,and Larsson cointegration test,fully modified ordinary least square(FMOLS),and dynamic ordinary least square(DOLS).The results of unit root test showed that all the variables are integrated at first difference.Moreover,the results of cointegration test revealed that accounting information variables were cointegrated in the long run.The result of FMOLS and DOLS further revealed that all the accounting information variables with the exception of OCFPS and NTA have a direct insignificant relationship with the stock market return.The study revealed that corporate governance which was proxied by board size also strengthens the relationship between TAT and stock market return and NTA and stock market return at 5%significant level under FMOLS and DOLS respectively.

The effects of corporate governance compliance on market valuation in Malaysia

This study investigates the effects of corporate governance compliance on market valuation in Malaysia using a sample of 164 companies listed on the Main Board in Bursa Malaysia from 5 different industries （consumer, trading ＆ services, industrial, constructions and properties） within 2001 to 2005. Throughout, this study will use correlation and regression analysis in the SPSS software to determine the effects of corporate governance practices on Market Valuation. In analyzing firms＇ market valuation, we will use the Tobin＇s Q formula and for the corporate governance compliance, we will look at 4 criteria to compare with market valuation, which are （1） Board of Director＇s composition, （2） Board of Director＇s remuneration （salaries）, （3） Board of Director＇s training and development, （4） Board of Director＇s meeting. In order to determine the effects between the corporate governance compliance and market valuation, we will use regression analysis. Based on the correlation analysis, the first null hypothesis must be rejected and the alternative hypothesis is accepted, in which dependent variable and independent variables are significantly correlated with BOD remuneration and BOD training availability. Overall, there is a significant relationship between Tobin＇s Q and independent variables （BOD remuneration and BOD training）. This study also recommends that for the company who did not comply with the code, they should follow the best practice because it will be a pivotal weapon in facing with the fierce competition in era globalization.

Brexit Implications on Capital Market and International Financial Governance

This paper assumes as a focal point the concept that the ＂post-Brexit＂ may represent a change of era for European and global financial service and particularly for capital market sector. The change of era produces new ＂global systemic interrelation＂ in which financial globalization, governance and regulation will give place to new, largely unknown complexities. In general, the different interests and immediate priorities of euro and non-euro countries, coupled with a need for prompt and, at times, politically sensitive action, have had the result of a greater fragmentation or a differentiated integration in EU governance in the financial sector. On this assumption, we may say that the post-Brexit scenario is in some way preceded by a series of ＂fractures＂ in European governance. The direct effect of the post-Brexit era is that UK regulated financial entities will still need ＂passporting＂ across the EU single market： UK is going to vest the role of third party country, which will require an ＂equivalence regime＂ similar to the ＂substituted compliance＂ used in the same direction by US regulators. At the same time, while an equivalence regime may work in principle to deal cross-border issues at the global level, in the long term, it may be an instrument for a ＂battle of ideas＂ in the new political arena of global financial governance.

The path and countermeasures of increasing government’s governance capacities in energy-saving renovation of existing buildings

The dual functions of government participation and governance in the development of the existing building energy-saving renovation market determine the importance of the government’s scientific and effective actions.Continuously improving the government’s role is to promote the effective operation of the existing building energy-saving renovation market.Based on the inherent requirements of improving the government governance capacity in the development of the existing building energy-saving renovation market,this paper constructs the implementation path for the development of the existing building’s energy-saving renovation market from the three dimensions of practical concept,practical process and practical methods.From the four aspects of improving the legal and regulatory system,building a market information sharing platform,establishing a sound market supervision mechanism,and consolidating and improving the market accountability system,we will structure the existing building energysaving renovation market development to improve the government’s ability to restrain and implement measures.From the four levels of improving the market incentive mechanism,optimizing the market financing environment,clarifying the position of market resource allocation,and building a social operation platform,design measures to improve government incentives in the development of the existing building energy conservation renovation market.From the shaping of governance yuan organizational roles,governance capacity and responsibilities of departments at all levels to define boundaries,to build four main interactive platform governance perspective,the main parties demand balance the interests of both the governance capacity development planning in the government market,building energy-saving market to enhance the implementation of countermeasures.In order to promote the healthy and sustainable development of the existing building energy-saving renovation market based on the enhancement of government governance capacity.

Improving China's Legal System for Product Quality Guarantees ——A legal analysi s of product quality guarantee regulation by the Government

It is the responsibility of governments to supervise and regulateproduct quality to protect consumers and prevent failures in the product qualityguarantee system.Appropriate supervision will help safeguard the interests ofconsumers,promote product quality,and resolve disputes.The extent of supervisionshould be guided by the principle of need for state intervention andneeds to be highly diversified.

The Role of Government in the Socialization of Old- age Service

In the different stages of the development of the old-age service, the responsibility and function of the government will be different. In the new period, the government should redefine its role in advancing the socialization of the old-age service. The level of socialization of old-age services is not high, the lack of vitality of the pension market, the imperfect system and other problems arise because the government is not clear. The government should deal with the relationship between the main body of the market and avoid the ＇double failure＇ of the government and the market. The government should play a guiding role in the policy, laws and regulations and other aspects of good service work for the social services of the elderly to provide a good development environment.

中国特色的有效市场与有为政府

当今世界的经济发展主要存在两种制度类型:一是受新古典自由主义经济学影响并以“大市场+小政府”为特征的西方制度,二是以当代中国马克思主义经济学为指导并将有效市场和有为政府有机结合的中国制度。西方社会的市场失灵和政府失灵根源于资本主义市场经济与政党政治相结合的资本主义制度弊端。相比之下,社会主义市场经济和民主集中制相结合的中国特色社会主义制度优势是实现有效市场和有为政府有机结合的体制根源。

On Corporate Governance Guidelines & Developing Markets

This paper discusses the questions of "What is the governance" and "How to make the governance guidelines", explores some special nature of the listed companies and the implications in China market. By doing so, we can focus on where, why and how china corporate governance guidelines falls short of international standards and expectations.

我国城市更新规划的演进与转型——基于“政府—市场—社会”关系分析框架

政府、市场与社会的关系决定城市更新的策略与走向。借鉴“政府—市场—社会”关系分析框架,以北上广深为例,梳理我国特大城市自21世纪以来城市更新的变迁,阐述其规划响应策略。针对近年来我国城市更新规划策略的转向,分析我国宏观社会经济环境的变化,并就城市更新中的“政府—市场—社会”关系进行解读,随后对城市更新中的战略转向进行探讨。

碳减排“时-空-效-益”统筹理论:Ⅲ.效率统筹

碳减排效率表现为在达成碳减排目标同时尽可能降低社会成本,实现碳减排效率最优的关键在于统筹政府管制与市场机制。作为碳减排“时-空-效-益”统筹理论系列论文的组成部分,构建了效率统筹方法框架,首先阐释了碳减排效率的概念内涵,提出了效率统筹的理论框架;进而采用新制度经济学的理论视角,系统分析了市场机制与政府干预在碳减排过程中的互动机制与互补路径;并结合相对斜率决策准则,应用C3IAM/EcOp模型和CEEPA-CETA-FM模型深入探索了如何在不同减排机制下实现减排资源的优化配置,科学回答了碳减排混合机制的设计问题,为统筹政府管制与市场机制提供方法基础。

政府官员直播带货行为可持续性影响因素研究——基于25个案例的模糊集定性比较分析

政府官员直播带货是官员在贫困治理与乡村振兴的现实探索中产生的一种政府创新行为。已有研究较少关注这一创新行为的可持续性问题。本文通过构建“个体-组织-环境”分析框架,运用模糊集定性比较分析方法,对25个县长直播带货的可持续性进行组态分析。研究结果表明,领导重视和贫困县任职是构成官员直播带货可持续性的必要条件。推动政府官员直播带货的可持续路径有4种,具体可归纳为环境-能力-情感推动型、政绩-压力驱动型、政绩-环境推动型、组织-环境支持型。社会群众支持是官员直播带货可持续的重要条件,职务变动并不一定导致政府官员终止其直播带货行为。文章丰富了地方政府创新的理论,更聚焦于讲好中国治理故事,对地方政府官员直播带货现象进行了解释和探讨。

我国数据要素市场治理的模式、现状与对策

要推动数据要素市场高质量发展,首先需要构建科学高效的市场治理机制。本文对数据要素市场治理素现状进行了梳理,提出市场化治理、垂直型治理和关系型治理等三种治理模式,并比较其特点,分析其现状与瓶颈。在此基础上,本文指出我国需要同时采用多种治理模式,形成以市场化治理为主、垂直型治理为辅、关系型治理作为重要补充的数据要素市场治理格局,并就三种治理模式的进一步完善提出了对策建议。

平台企业互联互通助推全国统一大市场建设:理论逻辑与实践路径

全国统一大市场的建设,是实现新发展格局的基础支撑。在数字经济时代,平台企业作为数字经济体系下的关键市场主体,有效地引领消费、教育、医疗等活动,实现了全面的数字化转型。平台企业互联互通更是依托于互联网技术,强化了平台双边用户的网络外部性与多归属性,以及平台企业双重身份的价值创造效应,从而有效提高了市场的统一性、开放性、竞争性、有序性,推动了全国统一大市场的建设。然而,互联互通过程中存有的推动互联互通运行的障碍及互联互通后所引发的潜在障碍等制约了统一大市场建设的进程。为此,从提升平台企业互联互通意识、加强互联互通技术研发、加强数据保护措施建设、强化互联互通的反垄断制度建设等方面着手,提出了一系列政策建议,以在规范平台经济发展的同时,促进全国统一大市场建设。