The paper viewed the current problem that state-owned enterprises in northeast industry base hadn＇t technologies of their own intellectual property right, whose sources mainly depended on imitation and introduction f...The paper viewed the current problem that state-owned enterprises in northeast industry base hadn＇t technologies of their own intellectual property right, whose sources mainly depended on imitation and introduction from abroad. Operational evaluation method and index criteria system of enterprises technology innovation ability were put forward in this paper, different enterprises may revise the model according to their actual situations to evaluate the enterprise technological innovation ability scientifically and quickly. The findings will be helpful to correlative departments to formulate the related policies and also has important theoretical and practical value in technological innovation project of enterprise.展开更多
“Exit barrier” means the obstacle keeping enterprises from competing even though their profits may be negative. This paper presents quantitative research on the exit barrier’s effect on the Chinese construction ind...“Exit barrier” means the obstacle keeping enterprises from competing even though their profits may be negative. This paper presents quantitative research on the exit barrier’s effect on the Chinese construction industry using questionnaire investigation. The exit barrier was classified into six categories, and then the categories were ranked and analyzed according to the respondents from the state-owned enterprises (SOEs) and non state-owned enterprises (NSOEs), respectively. The main obstacles related to the exit barrier in SOEs and NSOEs were revealed. Finally, suggestions were provided to diminish the exit barrier effect on the construction industry.展开更多
Faultlines can affect a board of director’s effectiveness in supervising senior managers,which in turn affects the value of a company’s cash holdings.Based on sample data from Chinese A-share listed companies from 2...Faultlines can affect a board of director’s effectiveness in supervising senior managers,which in turn affects the value of a company’s cash holdings.Based on sample data from Chinese A-share listed companies from 2004 to 2016,we examine the relationship between board faultlines and the value of cash holdings.The empirical results indicate that board faultlines have a significant inhibitory effect on cash holding value.This inhibitory effect is stronger for board faultlines resulting from deep-level attributes.Furthermore,the inhibitory effect of board faultlines is stronger in state-owned enterprises(SOEs)than in non-SOEs.As an important governance mechanism,management shareholdings can reduce agency costs and mitigate the negative impact of board fissures on cash holdings.Overall,we enrich the literature on the economic consequences of board faultlines and their influence on cash holding value.We also offer companies practical suggestions for improving the supervisory mechanism of their board of directors.展开更多
This paper studies the trend in which industrial enterprises’benefits allocation pattern changed,and the reasons for those rapid changes in China from 1997 to 2007.The results reveal that the benefits allocation patt...This paper studies the trend in which industrial enterprises’benefits allocation pattern changed,and the reasons for those rapid changes in China from 1997 to 2007.The results reveal that the benefits allocation pattern of industrial enterprises in China changed rapidly during the periods of 1998-2000 and 2003-2007.This paper discovers that the ramifications of state-owned enterprises’three-year reform plan,aimed at getting themselves out of a dire economic predicament,are the main reasons for the rapid changes in industrial enterprises’benefits allocation pattern from 1998 to 2000.The structural changes in ex-factory price of industrial products from 2003 were the main reason benefits allocation patterns of industrial enterprises changed in favor of capital during 2003-2007.展开更多
文摘The paper viewed the current problem that state-owned enterprises in northeast industry base hadn＇t technologies of their own intellectual property right, whose sources mainly depended on imitation and introduction from abroad. Operational evaluation method and index criteria system of enterprises technology innovation ability were put forward in this paper, different enterprises may revise the model according to their actual situations to evaluate the enterprise technological innovation ability scientifically and quickly. The findings will be helpful to correlative departments to formulate the related policies and also has important theoretical and practical value in technological innovation project of enterprise.
文摘“Exit barrier” means the obstacle keeping enterprises from competing even though their profits may be negative. This paper presents quantitative research on the exit barrier’s effect on the Chinese construction industry using questionnaire investigation. The exit barrier was classified into six categories, and then the categories were ranked and analyzed according to the respondents from the state-owned enterprises (SOEs) and non state-owned enterprises (NSOEs), respectively. The main obstacles related to the exit barrier in SOEs and NSOEs were revealed. Finally, suggestions were provided to diminish the exit barrier effect on the construction industry.
基金the financial support of the National Natural Science Foundation of China(71872196,71402198)the National Social Science Foundation of China(19ZDA098)+2 种基金the MOE Project of Humanities and Social Sciences of China(19YJA790032)the Beijing Social Foundation of China(15JGC176)the support of the Program for Innovation Research of the Central University of Finance and Economics and the Graduate Student Research Grant awarded by the Graduate School of the Central University of Finance and Economics(20182Y005)
文摘Faultlines can affect a board of director’s effectiveness in supervising senior managers,which in turn affects the value of a company’s cash holdings.Based on sample data from Chinese A-share listed companies from 2004 to 2016,we examine the relationship between board faultlines and the value of cash holdings.The empirical results indicate that board faultlines have a significant inhibitory effect on cash holding value.This inhibitory effect is stronger for board faultlines resulting from deep-level attributes.Furthermore,the inhibitory effect of board faultlines is stronger in state-owned enterprises(SOEs)than in non-SOEs.As an important governance mechanism,management shareholdings can reduce agency costs and mitigate the negative impact of board fissures on cash holdings.Overall,we enrich the literature on the economic consequences of board faultlines and their influence on cash holding value.We also offer companies practical suggestions for improving the supervisory mechanism of their board of directors.
文摘This paper studies the trend in which industrial enterprises’benefits allocation pattern changed,and the reasons for those rapid changes in China from 1997 to 2007.The results reveal that the benefits allocation pattern of industrial enterprises in China changed rapidly during the periods of 1998-2000 and 2003-2007.This paper discovers that the ramifications of state-owned enterprises’three-year reform plan,aimed at getting themselves out of a dire economic predicament,are the main reasons for the rapid changes in industrial enterprises’benefits allocation pattern from 1998 to 2000.The structural changes in ex-factory price of industrial products from 2003 were the main reason benefits allocation patterns of industrial enterprises changed in favor of capital during 2003-2007.
