A Study on the Capital System Reform Tendency of Chinese company

This paper will analyze the history and evolvements of capital system in order to grasp the tendency of capital system reform. Managers should give more attention to the establishing of reform institution and the supervising of company capital system＇ s operation in the process of reform. Managers should also attach great importance to the third party and creditors when they value the interests of shareholders. It is imperfect to only emphasis or value the interests of the shareholders or the third party and creditors. In addition, creditor＇ s self-protection of civil action should obtain much more approaches in the process of reform.

On Reformation and the Development of Capitalism

Due to Reformation movement in the 16th century,Protestantism came into being.Lutheranism,Calvinism and Puritanism rationalized and justified worldly economic activity.The Protestant asceticism was considered favorable to the development of capitalistic economy.Religious reform was in a certain degree beneficial to the development of capitalism.This thesis mainly discusses the influence of Reformation upon the development of capitalism.

Governments′ Path Selection of Promoting Rural Information Development——From the Perspective of Social Capital Theory

In introduction of the connoted meaning of rural information and its important role in the development of modern agriculture in our country and the development of urban and rural areas, the paper analyzes the difficulties in information construction: the first is the inadequate attendance of farmers, the low efficiency of information platform use; the second is the backward construction of information sources, which cannot meet the practical needs of information by farmers; the third is the bad situation of information exchanging. From perspective of social capital, it discusses the roles social capital factors playing in the rural information construction, among which, the information relations between farmers and information are the basis; net attendance is the necessary condition of sustainable development of rural information construction; customs afford management resources in rural information construction. Based on the above materials, the paper puts forward that it is the government who must accelerate the construction of rural information: the first is planting technic net in rural credit systems, accelerating the admission and supporting of farmers to information construction; the second is to strengthen the exchanging abilities among information platforms, upgrading the attendance degrees of farmers in rural information construction; the third is to introduce and make use of the management power of rural customs to complete an information management norm.

ANHUI PROVINCIAL PEOPLE'S GOVERNMENT DECIDES TO SPEED UP THE USE OF FOREIGN CAPITAL

On February 12,the Anhui ProvincialPeople’s Government made a decisionon the speeding up of the use of foreigncapital.The decision involved the followingseven aspects: 1.To seize the opportunity to reviseideology and to open up a new situation formaking use of foreign capital.The decisionurges the various localities to seize the righttime to shift their focus to making good useof their own advantages,and improving thelocal investment climate and the quality ofservice in the light of their actual conditionsso as to absorb more foreign funds.Meanwhile,enterprises must be led to face the marketand to join equal competition so as to pushforward the use of foreign funds to a

Research on the Reform Model of China＇s Government Accounting Based on Performance Management

Mueller said： ＂The environment has reflection on accounting; different cultural, economic, legal and political backgrounds produce different accounting systems.＂ It＇s no exception with government accounting. Since 1998, China＇s current budget accounting system has been acting as government accounting. Basically, it fulfilled the needs of relevant government accounting. The government accounting integrated with budget accounting. As time passes by, the current budget accounting can not meet the deepening globalization of the market economy nor the developing economic and political environment in terms of the definition of objectives, choices of basic accounting, offering of accounting information. In recent years, public finance reform, transformation of government functions, the public consciousness and other factors call for higher needs for the new government accounting. The current budget fails to provide enough government accounting information that the public need. In 2011, China started a pilot of performance management and performance budgeting in the country. The efficient use of public funds, the profits, and the effectiveness of public information draw more users＇ attention. It becomes more important for the govemrnent accounting larovidin~ information of performance evaluation.

State-Owned Capital Participation in Private Enterprises:A Perspective of Debt Financing

This study takes debt financing as the entry point and explores the impact of state-owned capital participation in private enterprises from the perspectives of“unarticulated rules”and“articulated rules”.The study finds that state-owned capital participation significantly reduces the debt financing costs of private enterprises and expands the scale of their debt financing.This conclusion remains valid after a series of endogeneity and robustness tests.Further analysis of the mechanism reveals that state-owned capital participation improves the debt financing of private enterprises through multiple channels:Enhancing their social reputation,mitigating the“statistical bias”they face,optimizing their information quality,and reducing the“shareholder-creditor”agency problems.This paper conceptualizes these benefits as the“complementary advantages of heterogeneous shareholders”.This not only constructs a theoretical framework for“reverse mixed-ownership reform”but also better narrates the Chinese story of“mixed-ownership reform”by adopting a more universally applicable theory of equity structure.Additionally,the paper supplements existing research on the macro-and meso-level relationship between the government and the market by exploring the government’s positive role at the micro-level.

Female directors in the boardroom and intellectual capital performance:Does the“critical mass”matter?

This research aims to investigate the influence of female directors on Intellectual Capital Performance(ICP)using a sample of manufacturing-listed companies in China.Our study investigates the link between having two or more female directors and the Modified Value-Added Intellectual Coefficient(MVAIC)methodology,employing the critical mass theory from 2004–2017.We find that having a critical mass of female directors(three or more)shows a significant positive impact on MVAIC and its components,including human capital efficiency,structural capital efficiency,relational capital efficiency,and physical capital efficiency,with physical capital being the critical driver.Our study reveals that the critical mass participation of female directors substantially influences the IC efficiency of privately owned companies compared to state-owned companies.Moreover,the number of female directors also affects the IC performance of manufacturing companies in multiple regions.Our findings support the validity of group classification identified by Kanter and Critical Mass Theory.To the best of our knowledge,this is one of the few pieces of research that studies the role of female board directors in IC performance and Chinese manufacturing firms using MVAIC as an IC measure.

Environmental Information Governance Reform in the Era of Big Data--From Information Disclosure to Public Service

The development of environmental information governance includes three phases: providing for oneself,information disclosure,and public service. And then China is in the transition and transformation of environmental information disclosure to the environmental information public service. The core of the transformation is public participation,in the whole procedure of environmental information supply decision making,production,and quality supervision and evaluation,etc. The target path of the environmental information governance reform includes five parts: improvement of public satisfaction,optimizing information disclosure,information quality control,integration of information resources,and multiple supply.

On the Government Function Orientation in China's Agricultural Management Reform

Since the reform and opening up,China's market-oriented agricultural management reform has achieved remarkable results,but the reform has not yet been put in place,and there are some flaws in some areas of reform.To deepen the reform of government's agricultural management reform under the new situation,it is necessary to further define the boundary between government and market on the basis of following the general rules of world's agricultural development and considering China's special situation of agriculture,nail down the scope of government functions,pinpoint the key areas of reform,and actively promote the rapid development of China's characteristic modern agriculture.

On the Function of Government during the Economic Transformation in Our Country

The paper analyses the necessity of government playing a role in the economic transformation and the government function in the process of economic transformation to definite the role of state government of China in the process of economy transformation.

The Economic Contribution and World Influence of China's Reform and Development Governance

This article summarizes a series of valuable accomplishments of China's government in promoting economic development, reducing poverty, maintaining social stability, and increasing people's prosperity since 1949. It summarizes the economic analysis framework of development governance in mainstream economics, and further analyzes the connotations and extensions of the conceptual framework. This paper also summarizes some of the core economic characteristics embodied in China's Reform and Development Governance since the reform, and further explores the necessity and direction of its future modernization and its impacts on different countries and regions in the world.

The Current Situationand Future Tendency of Corporate Governance Reform in China

The state-owned enterprises（SOEs） reform in China has plunged into the most urgent stage, and more than 20 years＇ market-oriented reform of SOEs in China seems to have no enough economic efficiency. This paper discusses some issues concerning corporate governance reform of SOEs in China. In section A, we first analyze the current situation and major issues in corporate governance reform of SOEs in China. In Section B, we discuss how to further reform SOEs＇ corporate governance in China. Final section discusses the possible model of China＇s corporate governance.

GLOBAL GOVERNANCE REFORM IN THE TIME OF CHANGES UNSEEN IN A CENTURY

Global governance is the sum of multilateral international mechanisms established by the international community to deal with various global issues.In the absence of a world government,various players,mainly countries,by virtue of international organizations and rules,enter into relatively stable contractual relations.

Arrangement for Capital Structure in the Framework of Corporate Governance

Using the method of principal component analysis, the paper conducts a systematic study on the issue of how corporate governance influences capital structure. The study manifests the results that the proportion of circulation shares, the ability that other big shareholders contend with the first biggest shareholder, the proportion of corporation-owned shares, and the frequency of directorate meetings all have a positive relationship with the liability level. Meanwhile, the concentration degree of owners＇ equity, the proportion of state-owned shares, the phenomenon that one person serves as both chairman of directorate and general manager, and the intensity of competition in product market are all negatively related to the level of debt. Finally, the scale of directorate, the proportion of independent directors as well as the percentage of management-owned shares have no significant relationship with the capital structure. The statistic analysis also shows that the proportion of independent directors of some Chinese listed companies does not meet the regulation of the CSRC. In addition, the paper tests the impacts of corporate operating characteristics on capital structure.

Study on Rural Ecological Environment Governance in China from the Perspective of Social Capital

At present,the ecological environment in the countryside of China is deteriorating with industrial pollution spreading to the countryside,agricultural pollution on the increase and environment in the residential areas deteriorating. The traditional approach to the ecological problem,which heavily relies on the government or the market,fails to fundamentally address the problem. Instead,as the social capital in the countryside,the relationship network,norms and trust can effectively resolve rural ecological environmental crisis by highlighting the method of"social governance"in ecological environment in the countryside. It is thus suggested that in the governance of rural ecological environment,which is based on the social capital,the management space between the government and the community should be appropriately divided,so that the institutional capital can promote and regulate the social capital,enhance the construction of rural cooperative organizations and increase the input of rural human capital,and promote the coupling between administrative boundary and ecological boundary.

Study on the Deepening Effect of Educational Capital and the Governance Mechanism

In recent years,social capital has played a crucial role in the field of educational trend and rapid expansion.Education capital,however,is a double-edged sword.On one hand,it plays a good role in the construction of learning society and national quality education.On the other hand,it causes serious obstacles and interference to our regional education resources and educational environment because of its own profit-seeking.In order to optimize the integration between education industry and social capital,to make good use of social capital and to promote the brilliant development of education industry,this article has investigated the deepening effect of education capital and the content of governance mechanism,hoping to provide some reference for the optimization and reform in the educational field.

A Discussion for the Protection of the Environnement in the Law of Planification in China

This article aims to answer the question that if the law of planification of China,really takes account of the objectives of environmental protection.The answer is based on,first of all,the reform of system of land ownership(direct link of the development of urbanization).This article cracks the problem by two approaches:the state and collective property right.The first part of the analysis is macro-perspective,i.e.,the course of land reform and the land users.In general,the state remains the sole owner of all the land and delegates the local governments to manage the use of land in China.However,the high interest undermines their roles,and degradation of environment in the process of urbanization continues.Based on this observation,we analyzed their administration,i.e.,who are the actors and how the powers are shared.The lack of transparency and independence is in its structure,i.e.,they have ambitions to have a good protection but the conflict appears frequently.In the further part,micro-vision was employed.We focused on the regulations of planification,procedures and formalities that is deeply involved.In fact,we find that the volume of law was expanded and a need of consolidation is urgent for the coherence,accessibility and understanding of law.Then it follows the analysis of two typical procedures:the procedure of environmental assessment as well as participation.These procedures are the practical implementation of the consideration of the environment.The fact is that rapid urbanization resulted in a reconfiguration of the urban space,and the appearance of a variety of interests.The degradation of environment,coupled with the importance of urbanization has become a challenge to governance.People realized more and more issues related to housing,welfare and citizenship.This forces the government to change their policies and acts.From different points of views-historical,political,administrative,legal and social-this research determines how a better environmental protection can play in law of planification.The reforms are envisaged,and there are still problems:the harmonization and consistency of the regulations,the clarity of the law for his efficiency and law security,the improvement of the process.Contrary to what is received,the government has intention to solve this question,as demonstrated by his consistency to innovation and reform in the field.At the present,planification,rather than a method of protection,works for the growth of the economy.Due to the lack of effective regulation,the real consideration of environment is still very limited.

The future of competitive advantage in Oman: Integrating green product innovation, Al, and intellectual capital in business strategies

This study delves into the dynamics of green product innovation,artificial intelligence(Al)adaption,and intellectual capital,investigating their impact on the competitiveness of firms in Oman.It emphasizes the crucial role of government intervention and R&D investments in this process.Based on the responses of 214 top managers in Oman,the research employs structural equation modeling to analyze the intricate relationships between these factors.The findings underscore a significant positive correlation between green innovation,Al implementation,and intellectual capital,with government involvement and R&D investments as vital moderators.This study provides a novel perspective on the synergy of technology,innovation,and intellectual capital in developing economies.It offers essential insights for business leaders,policymakers,and scholars,highlighting the necessity of integrating advanced technologies and sustainable practices in business strategies to achieve competitive advantage.The research adds to the existing body of knowledge on innovation and competitiveness.It offers practical implications for enhancing firm performance in Oman and similar emerging markets.

Local Government Behavior behind China's Excessive Investment under Decentralization——Theoretical and Empirical Analysis Based on Manufacturing Sector

This paper investigates the effect of local government intervention on capital deepening of manufacturing sector by using interprovincial panel data sets of 28 Chinese provinces,municipalities and autonomous regions between 1994 and 2011.Theoretical research indicates that as a transitional economy,China's local government intervention in corporate investment behaviors will cause excessive investment,thus bringing about a long-term and sustained tendency of capital deepening in manufacturing sector.Empirical test further discovers that in a certain range,the phenomenon of capital deepening in manufacturing sector is not an inevitable result endogenous to economic development and technology progress,and that investment behaviors of manufacturing sector are largely subject to the external institutional environment.Fiscal decentralization has indeed promoted capital deepening of manufacturing sector.Financial credit expansion and interventions in SOEs are major instruments for local governments to intervene in the capital deepening of manufacturing sector and such an influence is particularly significant for China's central,western and northeast regions.Therefore,clarifying government functions and improving local government performance review mechanism are of great significance to the healthy development of China's manufacturing sector.

Impact of risk management strategies on the credit risk faced by commercial banks of Balochistan

This study aims to identify risk management strategies undertaken by the commercial banks of Balochistan,Pakistan,to mitigate or eliminate credit risk.The findings of the study are significant as commercial banks will understand the effectiveness of various risk management strategies and may apply them for minimizing credit risk.This explanatory study analyses the opinions of the employees of selected commercial banks about which strategies are useful for mitigating credit risk.Quantitative data was collected from 250 employees of commercial banks to perform multiple regression analyses,which were used for the analysis.The results identified four areas of impact on credit risk management(CRM):corporate governance exerts the greatest impact,followed by diversification,which plays a significant role,hedging and,finally,the bank’s Capital Adequacy Ratio.This study highlights these four risk management strategies,which are critical for commercial banks to resolve their credit risk.