In recent years, China's social economy has continued to develop. While paying attention to the pursuit of the economy, people are paying more and more attention to the pursuit of quality of life. China has vast t...In recent years, China's social economy has continued to develop. While paying attention to the pursuit of the economy, people are paying more and more attention to the pursuit of quality of life. China has vast territory and abundant resources, forest resources are particularly rich, in order to make full use of forest resources and regulate the use and protection of forests, China has promoted the development of forestry by deepening the construction and reform of state-owned forest farms, and using forest resources to obtain benefits to meet people's living needs. This paper explores the necessity and advantages of building a forest town by analyzing the reform and development situation of state-owned forest farms.展开更多
Taking a balanced panel data consisting of 4365 firm-year observations drawn from the listed state-owned enterprises in Shanghai and Shenzhen Stock Exchange over 2007-2015 as the research sample,the paper examines the...Taking a balanced panel data consisting of 4365 firm-year observations drawn from the listed state-owned enterprises in Shanghai and Shenzhen Stock Exchange over 2007-2015 as the research sample,the paper examines the effect of the employees’pay-performance sensitivity(PPS)on the future firm performance from the two competing perspectives of“incentive effect”and“risk-aversion effect”,adopting the method of multiple regression analysis based on OLS and applying the SPSS23 as the data processing tool.Theoretical analysis and empirical results demonstrate that there is a positive link between the employees’PPS and the future firm performance.To improve the employees’PPS can stimulate the engagement of the employees,improve their working quality,enrich their workplace innovative behavior,and further lead to higher future firm performance.Meanwhile,the positive effect of the employees’PPS on the future firm performance is,on average,lower than that of the top executives’PPS on the future firm performance.Implications of the findings are provided in the end.展开更多
The development of state-owned forest area plays a very important role in the development of Chinese forest industry, and even in the construction of national economy. As the backbone of Chinese forestry development, ...The development of state-owned forest area plays a very important role in the development of Chinese forest industry, and even in the construction of national economy. As the backbone of Chinese forestry development, it contributes to Chinese economic development, ecological environment protection and social progress. How to balance all stakeholders' interest and behaviors remains as one of the focuses in the study of sustainable development of forest areas. On this basis, researches were carried out and described in the paper. Firstly, the paper goes through the concept and scope of state-owned forest area in China; Secondly, it defines the stakeholders of state-owned forest area, and discusses over the problems in stakeholders' behaviors from the aspect of responsibility, rights and interests; and Finally, it designs the stakeholders' behaviors on the basis of existing problems and provides constructive suggestions on deeper reform of state-owned forest areas.展开更多
Unlike fire or insect outbreaks, for which a suppression program can be implemented, it is impossible to prevent a windstorm event or stop it while it is occurring. Reducing stand susceptibility to windstorms requires...Unlike fire or insect outbreaks, for which a suppression program can be implemented, it is impossible to prevent a windstorm event or stop it while it is occurring. Reducing stand susceptibility to windstorms requires a good understanding of the factors affecting this susceptibility. Distinct species- and size-related differences in stem windthrow susceptibility are difficult to obtain because it is impossible to distinguish their relative effects from those of wind intensity. Using a damage assessment database (60 20-metre radius plots) acquired after an exceptional wind storm in Western Quebec in 2007, we developed an approach in which proportions of windthrown sugar maple poles were used as bio-indicators of wind intensities affecting the plots. We distinguished between single and interactive effects of wind intensity, species, stem size, and local basal area on stem windthrow susceptibility. The best logistic regression model predicting stem windthrow included the wind intensity bio-indicator, species, basal area, and the species by diameter at breast height (DBH, 1.3 m) interaction. Stem windthrow probability generally increased with DBH and decreased with basal area. Species wind-firmness was ordered as: yellow birch > sugar maple = eastern hemlock = American beech > ironwood > basswood = other hardwoods = other softwoods. Our method remained an indirect method of measuring wind intensity and its real test would require a comparison with anemometer measurements during a windstorm. Despite its indirect nature, the method is both simple and ecologically sound. Hence, it opens the door to conducting similar windthrow studies in other ecosystems.展开更多
For this study of long-term spatial patterns and trends of active fires in southern hemispheric Africa and on Madagascar from 2001 to 2020,active fire data from the MODIS FIRMS global fire data products were analyzed....For this study of long-term spatial patterns and trends of active fires in southern hemispheric Africa and on Madagascar from 2001 to 2020,active fire data from the MODIS FIRMS global fire data products were analyzed.The annual center of fire concentration tended to migrate toward the preserved rainforests and nature conservation areas in the Congo Basin and the mountain forests on the northeastern coast of Madagascar.Fire frequency varied seasonally at both study areas.We used geo statistical analysis techniques,such as measures of dispersion and emerging hot spot analysis,to reveal long-term trends in spatial patterns of fire events.In southern hemispheric Africa,the observed active fires tended to drift northward toward the Zambia-DRC border in the Congo basin.This northward migration progressed toward humid rainforests,which were better suited to sustaining repeated fire events.On Madagascar,the observed active fires tended to migrate toward the east coast in protected mountain forests.The spatial patterns of long-term trends showed a concentration of fires in the tropical regions of southern hemispheric Africa.Moreover,smaller clusters of new hot spots were located over eastern South Africa,overlapping with undifferentiated woodlands.On Madagascar,both hot and cold spots were identified and were separated by the highland region in the center of the island.Most of the eastern island was characterized by cold spots that received less precipitation than did the rest of the island.The presence of increasing hots spots in the densely vegetated areas highlights the urgent need for fire prevention and management in this region.展开更多
The paper analyzes the management system reforms of state-owned forest in Hessen State of Germany based on the forestry situation, and draws conclusions which can be used for reference in management system reform of s...The paper analyzes the management system reforms of state-owned forest in Hessen State of Germany based on the forestry situation, and draws conclusions which can be used for reference in management system reform of state-owned forest in China. The results are as follows: stepwise reform is the mode, ecology-centeredness is the principle, transparent property right is the precondition, detached function of government and forest industry groups is the key, and integrated law and regulation system is the guarantee.展开更多
The association between corporate governance and firm value has been extensively studied in Chinese listed firms. Based on the characteristics of their ultimate shareholders, Chinese listed firms can be categorised as...The association between corporate governance and firm value has been extensively studied in Chinese listed firms. Based on the characteristics of their ultimate shareholders, Chinese listed firms can be categorised as(1) central statecontrolled,(2) local state-controlled or(3) non-state-controlled. Some scholars have described Chinese government policy as ‘zhuada fangxiao', thus suggesting that the corporate governance mechanisms(CGMs) of central state-controlled listed firms(SCLFs) are better than those of local state-controlled listed firms. Therefore, this paper specifically examines the influence of CGMs on the value of central SCLFs and local SCLFs. Analysis of 2006 firm-year observations from 2007 to 2009 suggests that the aggregate ownership of other large shareholders and the remuneration of top executives exhibit different effects on firm value in central and local SCLFs. The results also provide evidence that there is no endogenous effect of firm value on the ownership of the largest shareholder in central and local SCLFs.展开更多
The low efficiency of state-owned enterprises （SOEs） is widely accepted by academics. However, the accounting literature shows that non-SOEs are more likely to engage in earnings management, which artificially boost...The low efficiency of state-owned enterprises （SOEs） is widely accepted by academics. However, the accounting literature shows that non-SOEs are more likely to engage in earnings management, which artificially boosts their financial performance. This suggests that the higher financial performance in non-SOEs may be merely cosmetic. This study compares the real financial performance between SOEs and non-SOEs, while the real performance is obtained by estimating the level of earnings management and removing it from the reported financial performance. The result shows that there is no significant difference in real performance between SOEs and non-SOEs. This study sheds new light on the debate over the efficiency of SOEs and the relationship between ownership structure and financial performance.展开更多
文摘In recent years, China's social economy has continued to develop. While paying attention to the pursuit of the economy, people are paying more and more attention to the pursuit of quality of life. China has vast territory and abundant resources, forest resources are particularly rich, in order to make full use of forest resources and regulate the use and protection of forests, China has promoted the development of forestry by deepening the construction and reform of state-owned forest farms, and using forest resources to obtain benefits to meet people's living needs. This paper explores the necessity and advantages of building a forest town by analyzing the reform and development situation of state-owned forest farms.
基金This research was supported by the National Natural Science Foundation of PRC under Grant"71872149".
文摘Taking a balanced panel data consisting of 4365 firm-year observations drawn from the listed state-owned enterprises in Shanghai and Shenzhen Stock Exchange over 2007-2015 as the research sample,the paper examines the effect of the employees’pay-performance sensitivity(PPS)on the future firm performance from the two competing perspectives of“incentive effect”and“risk-aversion effect”,adopting the method of multiple regression analysis based on OLS and applying the SPSS23 as the data processing tool.Theoretical analysis and empirical results demonstrate that there is a positive link between the employees’PPS and the future firm performance.To improve the employees’PPS can stimulate the engagement of the employees,improve their working quality,enrich their workplace innovative behavior,and further lead to higher future firm performance.Meanwhile,the positive effect of the employees’PPS on the future firm performance is,on average,lower than that of the top executives’PPS on the future firm performance.Implications of the findings are provided in the end.
文摘The development of state-owned forest area plays a very important role in the development of Chinese forest industry, and even in the construction of national economy. As the backbone of Chinese forestry development, it contributes to Chinese economic development, ecological environment protection and social progress. How to balance all stakeholders' interest and behaviors remains as one of the focuses in the study of sustainable development of forest areas. On this basis, researches were carried out and described in the paper. Firstly, the paper goes through the concept and scope of state-owned forest area in China; Secondly, it defines the stakeholders of state-owned forest area, and discusses over the problems in stakeholders' behaviors from the aspect of responsibility, rights and interests; and Finally, it designs the stakeholders' behaviors on the basis of existing problems and provides constructive suggestions on deeper reform of state-owned forest areas.
文摘Unlike fire or insect outbreaks, for which a suppression program can be implemented, it is impossible to prevent a windstorm event or stop it while it is occurring. Reducing stand susceptibility to windstorms requires a good understanding of the factors affecting this susceptibility. Distinct species- and size-related differences in stem windthrow susceptibility are difficult to obtain because it is impossible to distinguish their relative effects from those of wind intensity. Using a damage assessment database (60 20-metre radius plots) acquired after an exceptional wind storm in Western Quebec in 2007, we developed an approach in which proportions of windthrown sugar maple poles were used as bio-indicators of wind intensities affecting the plots. We distinguished between single and interactive effects of wind intensity, species, stem size, and local basal area on stem windthrow susceptibility. The best logistic regression model predicting stem windthrow included the wind intensity bio-indicator, species, basal area, and the species by diameter at breast height (DBH, 1.3 m) interaction. Stem windthrow probability generally increased with DBH and decreased with basal area. Species wind-firmness was ordered as: yellow birch > sugar maple = eastern hemlock = American beech > ironwood > basswood = other hardwoods = other softwoods. Our method remained an indirect method of measuring wind intensity and its real test would require a comparison with anemometer measurements during a windstorm. Despite its indirect nature, the method is both simple and ecologically sound. Hence, it opens the door to conducting similar windthrow studies in other ecosystems.
文摘For this study of long-term spatial patterns and trends of active fires in southern hemispheric Africa and on Madagascar from 2001 to 2020,active fire data from the MODIS FIRMS global fire data products were analyzed.The annual center of fire concentration tended to migrate toward the preserved rainforests and nature conservation areas in the Congo Basin and the mountain forests on the northeastern coast of Madagascar.Fire frequency varied seasonally at both study areas.We used geo statistical analysis techniques,such as measures of dispersion and emerging hot spot analysis,to reveal long-term trends in spatial patterns of fire events.In southern hemispheric Africa,the observed active fires tended to drift northward toward the Zambia-DRC border in the Congo basin.This northward migration progressed toward humid rainforests,which were better suited to sustaining repeated fire events.On Madagascar,the observed active fires tended to migrate toward the east coast in protected mountain forests.The spatial patterns of long-term trends showed a concentration of fires in the tropical regions of southern hemispheric Africa.Moreover,smaller clusters of new hot spots were located over eastern South Africa,overlapping with undifferentiated woodlands.On Madagascar,both hot and cold spots were identified and were separated by the highland region in the center of the island.Most of the eastern island was characterized by cold spots that received less precipitation than did the rest of the island.The presence of increasing hots spots in the densely vegetated areas highlights the urgent need for fire prevention and management in this region.
基金Postdoctoral Science Foundation in China (No. 20060400533)Chinese Academy of Forestry (No.CAFYBB2007027)
文摘The paper analyzes the management system reforms of state-owned forest in Hessen State of Germany based on the forestry situation, and draws conclusions which can be used for reference in management system reform of state-owned forest in China. The results are as follows: stepwise reform is the mode, ecology-centeredness is the principle, transparent property right is the precondition, detached function of government and forest industry groups is the key, and integrated law and regulation system is the guarantee.
文摘The association between corporate governance and firm value has been extensively studied in Chinese listed firms. Based on the characteristics of their ultimate shareholders, Chinese listed firms can be categorised as(1) central statecontrolled,(2) local state-controlled or(3) non-state-controlled. Some scholars have described Chinese government policy as ‘zhuada fangxiao', thus suggesting that the corporate governance mechanisms(CGMs) of central state-controlled listed firms(SCLFs) are better than those of local state-controlled listed firms. Therefore, this paper specifically examines the influence of CGMs on the value of central SCLFs and local SCLFs. Analysis of 2006 firm-year observations from 2007 to 2009 suggests that the aggregate ownership of other large shareholders and the remuneration of top executives exhibit different effects on firm value in central and local SCLFs. The results also provide evidence that there is no endogenous effect of firm value on the ownership of the largest shareholder in central and local SCLFs.
基金This work is sponsored by the National Natural Science Foundation of China （No. 71072145 and 71132004）.
文摘The low efficiency of state-owned enterprises （SOEs） is widely accepted by academics. However, the accounting literature shows that non-SOEs are more likely to engage in earnings management, which artificially boosts their financial performance. This suggests that the higher financial performance in non-SOEs may be merely cosmetic. This study compares the real financial performance between SOEs and non-SOEs, while the real performance is obtained by estimating the level of earnings management and removing it from the reported financial performance. The result shows that there is no significant difference in real performance between SOEs and non-SOEs. This study sheds new light on the debate over the efficiency of SOEs and the relationship between ownership structure and financial performance.
