The Impact of Transformational Leadership on Commitment to Change Among Jordanian Government Accountant Toward IPSAS Implementation

IPSAS was accepted by Jordan’s government in accordance with worldwide trends.The Jordanian Ministry of Finance launched cash-basis IPSAS in 2015 and planned to implement accrual accounting by January 1,2021.However,the commitment to change remains uneven,hindering the full shift.Moving from old accounting processes to new ones is tough.Even then,it hasn’t been implemented,creating a gap due to the difficulty in committing to new accounting standards throughout implementation due to obstacles.Thus,knowing government accountants’issues is essential to applying IPSAS in government accounting.This study examines how transformational leadership affects government accountants’commitment to IPSAS adoption in Jordan’s public sector.This study used a quantitative approach to survey Jordanian Ministry of Finance accountants.The 384-person study had a 78%response rate.Additionally,PLS-SEM was used to confirm variable relationships.Transformational leadership positively predicted IPSAS implementation,according to the study.

Exploration of the Impact Mechanism of Government Credibility Based on Variable Screening Method

Government credibility is an important asset of contemporary national governance, an important criterion for evaluating government legitimacy, and a key factor in measuring the effectiveness of government governance. In recent years, researchers’ research on government credibility has mostly focused on exploring theories and mechanisms, with little empirical research on this topic. This article intends to apply variable selection models in the field of social statistics to the issue of government credibility, in order to achieve empirical research on government credibility and explore its core influencing factors from a statistical perspective. Specifically, this article intends to use four regression-analysis-based methods and three random-forest-based methods to study the influencing factors of government credibility in various provinces in China, and compare the performance of these seven variable selection methods in different dimensions. The research results show that there are certain differences in simplicity, accuracy, and variable importance ranking among different variable selection methods, which present different importance in the study of government credibility issues. This study provides a methodological reference for variable selection models in the field of social science research, and also offers a multidimensional comparative perspective for analyzing the influencing factors of government credibility.

The gap report of global climate change mitigation, finance, and governance after the United States declared its withdrawal from the Paris Agreement

On 1 June 2017, the US President Donald Trump officially announced the withdrawal from the Paris Agreement, thus the study on the reasons of withdrawal, the potential impacts, and coping strategies has become a focus among policy circles and of the international community. Based on the self-developed US Policy Assessment Model, this paper systematically evaluates the three potential ＂major deficits＂ in terms of mitigation, climate finance, and global climate governance, as a result of the US withdrawal from the Paris Agreement and puts forward policy suggestions for coping with such transformations accordingly. The study shows that the United States ＇withdrawal from the Paris Agreement will affect the existence and implementation of successive climate policies and result in an additional 8.8-13.4% increase in the global emissions reduction deficit. The United States＇ withdrawal will also deteriorate the existing climate finance mechanism. The Green Climate Fund （GCF）＇s funding gap will increase by USS2 billion, while the gap of long-term climate finance will increase by about USS5 billion a year. Either the China-EU or the ＂BASIC plus＂ mechanism could fill the governance deficit caused by the United States and the lack of political momentum may continue for a while in the future.

Research on the Impact of Equity Pledge on Company Value

This article aims to provide a literature review on the impact of equity pledges on corporate value,and to explore in depth the application of equity pledges as a financial tool in corporate governance and capital operation,as well as its multidimensional impact on corporate value.By reviewing and analyzing relevant literature both domestically and internationally,this article first defines the basic concept of equity pledges and then elaborates on the impact mechanism of equity pledges on company value from both positive and negative perspectives.In terms of positive impact,this article explores how equity pledges can promote corporate financing,optimize capital structure,and enhance the control of major shareholders over the company.In terms of negative impacts,the possible control risk,market risk,and potential damage to the interests of small and medium-sized shareholders brought about by equity pledges were analyzed.Furthermore,this article also discusses the differences in the impact of equity pledges on company value in different scenarios and proposes corresponding policy recommendations and research prospects.

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.

The power of the public purse: financing of global health partnerships and acienda setting for sustainability

Public-private partnerships(PPPs) have reshaped the institutional structure of global governance.They have advanced collaboration on core issues such as health, clean energy, the rights of women and children, and access to infrastructure, among others. But which actors create and finance public-private partnerships in global governance to advance such objectives? What are the implications of the agency behind such collaboration for influencing the global agenda on sustainable development? While some scholars and advocacy groups see the growing role of private actors as a powershift away from public institutions, others argue that such arrangements tend to be complementary to public mandates and indeed may provide a new means for international institutions to pursue such mandates. The article probes this debate by analyzing the type of actors that finance global health partnerships, an area in which the influence of hybrid initiatives is particularly prominent. It reveals that public financing remains a core and necessary condition for the emergence and functioning of PPPs. The growing share of private financing,nonetheless, has important implications for shaping partnerships agendas and steering global health and sustainability governance. Rather than a powershift or abdication of responsibilities by the state, there is rather a tendency of deliberate diffusion of power by donors toward hybrid structures.

Apples, oranges and lemons: public sector debt statistics in the 21st century

In both academic research and policymaking,public sector debt and debt-to-GDP ratios are relied on for a multitude of important economic,political and socioeconomic decisions,especially as public sector balance sheets expand to an unprecedented size in the midst of the 2019–2020 COVID pandemic.The reliance on available data from reputable sources often overlooks the question of whether the denominator in this ratio is accurately measured or how well the denominator is understood by the audience interpreting it.Building on past work in international financial statistics,and making use of a unique and newly created dataset on media reporting of public sector debt,the purpose of this article is to examine the quality,accuracy,interpretation and overall meaningfulness of public sector financial statistics.The main findings suggest that i)most of the world’s governments still do not seem to feel sufficient pressure to voluntarily provide comprehensive financial statistics based on well-defined modern methodological frameworks and ii)high profile financial statistics,which are reported,have become increasingly numerous and complicated,making it difficult for non-experts to know which is most appropriate in the context of their analysis.

Analyzing on the Characteristics of Several Typical Financial Behavior of Loss Listed Companies in China

In combination with socio-economic development of China＇s current status, this article analyzes the characteristics of several typical financial behavior of loss listed companies in China. Among them, the debt financing behavior have a high level, a single means, a short-term structured and other characteristics, the corporate governance behavior have a goal of collaborative, several forms, and a complex environment, the earnings management behavior have diverse motives, many types of means, bigger range and other features, the asset restructuring behavior have a passive subject, methods of differentiation, performance-oriented features such as myopia.

Local Government Implicit Guarantees in China＇ s Farmland Financial System

With the massive and intensive development of the operation mode of rural land in China,the financing problem of the new rural land managers has gradually attracted more attention.The reasonable design of farmland financial system is of great importance to promote rural financial resource allocation optimization.This paper chooses two types of measures of local government implicit guarantees which are commonly used in promoting rural land mortgage loan.The measures are establishing guarantee mechanism to provide guaranties to borrowers and purchasing debt assets from financial institutions.The analysis framework is based on the financing ability theory of Holmstrom &Tirole.Research shows that when considering the collateral disposal cost,the two measures both could contribute to expand the coverage of farmland financial service.Meanwhile,local government implicit guarantees also exists some negative effects.The suggestions of the paper are reducing the collateral disposal costs of farmland loan /encouraging the market-oriented guarantee institutions to enter the rural credit market further standardizing the operation of policy guarantee mechanism and making the use range of risk fund and disposal fund clear.

政府治理能力、融资障碍与OFDI--基于新兴经济体11国的实证分析

运用新兴经济体11国2002-2013年的数据,考察了制度因素对于对外直接投资的影响,以政府治理能力和融资障碍为切入点,有效地补充了对外投资的研究内涵。研究表明:政府治理能力可以改善企业的经营环境,对于对外直接投资有促进作用;融资障碍加强了企业的融资约束,显著地抑制了对外直接投资;政府治理能力与经济发展水平具有协同作用,提高政府治理能力可以实现对外直接投资的跨越发展;融资障碍对于经济发展水平有挤出效应,显著地抑制了对外直接投资。

The Belt and Road Initiative and Financing Constraint for Chinese Enterprises

In the context of China’s proactive implementation of the Belt and Road Initiative(BRI),unraveling the BRI’s effect on corporate behavior is of vital importance to China’s policymaking on overseas investment.With the BRI’s enactment as a quasi-natural experiment,this paper employs the difference in differences(DID)method to investigate the BRI’s effect on the financing constraint for Chinese enterprises.Our study finds that the BRI’s implementation has significantly reduced financing constraints for BRI enterprises,and the effect is more significant for emerging advantageous industries and export-oriented node cities.

Universal Health Coverage in Somalia: Charting the Path to Equitable Healthcare Financing and Governance

Somalia is a country facing numerous challenges in achieving universal health coverage (UHC) and ensuring adequate healthcare financing, This article explores the complexities and obstacles that Somalia must overcome in its pursuit of UHC, the paper begins by providing an overview of the current healthcare landscape in Somalia, highlighting the lack of infrastructure, political instability, and limited financial resources that hinder the establishment of a comprehensive and equitable healthcare system. It then examines the role of international aid and non-governmental organizations (NGOs) in filling the healthcare gap, while emphasizing the need for a more sustainable, domestically financed solution. Drawing on a range of data sources and case studies, the article proposes a multi-faceted approach to strengthen healthcare governance, improve resource allocation, and foster local capacity building, the study delves into the unique obstacles that Somalia faces, including a lack of infrastructure, political instability, and limited financial resources, which hinder the establishment of a comprehensive and equitable healthcare system. The paper also examines the role of international aid and non-governmental organizations (NGOs) in filling the healthcare gap, while highlighting the need for a more sustainable, domestically financed solution. The findings underscore the importance of political commitment, international cooperation, and innovative financing mechanisms in advancing towards UHC in Somalia, providing valuable insights for other low resource, conflict affected settings.

China Finance and Accounting Monthly

ISSN 2415-6523 Finance and Accounting Monthly is going to issue a journal in English,China Financial and Accounting Monthly,inorder topromoteinternational communication and strengthen academic influence of the Chinese papers.The journal covers the theoretical and empirical researches of accounting,finance,auditing and corporate governance.It investigates the issues about corporate governance,capital market and the related system reform in China from

The politics of the basic benefit package health reforms in Tajikistan

Background:Health reform is a fundamentally political process.Yet,evidence on the interplay between domestic politics,international aid and the technical dimensions of health systems,particularly in the former Soviet Union and Central Asia,remains limited.Little regard has been given to the political dimensions of Tajikistan’s Basic Benefit Package(BBP)reforms that regulate entitlements to a guaranteed set of healthcare services while introducing co-payments.The objective of this paper is therefore to explore the governance constraints to the introduction and implementation of the BBP and associated health management changes.Methods:This qualitative study draws on literature review and key informant interviews.Data analysis was guided by a political economy framework exploring the interplay between structural and institutional features on the one hand and agency dynamics on the other.Building on that the article presents the main themes that emerged on structure-agency dynamics,forming the key governance constraints to the BBP reform and implementation.Results:Policy incoherence,parallel and competing central government mandates,and regulatory fragmentation,have emerged as dominant drivers of most other constraints to effective design and implementation of the BBP and associated health reforms in Tajikistan:overcharging and informal payments,a weak link between budgeting and policymaking,a practice of non-transparent budget bargaining instead of a rationalisation of health expenditure,little donor harmonisation,and weak accountability to citizens.Conclusion:This study suggests that policy incoherence and regulatory fragmentation can be linked to the neopatrimonial character of the regime and donor behaviour,with detrimental consequences for the health system..These findings raise questions on the unintended effects of non-harmonised piloting of health reforms,and the interaction of health financing and management interventions with entrenched power relations.Ultimately these insights serve to underline the relevance of contextualising health programmes and addressing policy incoherence with long horizon planning as a priority.

产业政策促进企业创新的传递机制与情境条件——来自沪深A股上市公司的经验证据

近年来,随着中国企业逐渐接近技术创新的前沿,技术追赶的空间被进一步压缩,经济发展和产业政策面临着越来越大的挑战。文章以2008—2021年沪深A股上市公司为样本,考察产业政策对企业创新的影响,并分析了其传递机制和情境条件。实证结果表明,产业政策对企业的创新活动表现出“双重利好”效应,将同时提高被支持行业中企业的创新数量与创新质量。传递机制分析表明,产业政策主要通过抑制企业金融化程度、提高政府补贴力度、降低债务融资成本、带来更多分析师关注等中介因素驱动企业创新水平的提升。情境条件分析发现,产品竞争市场治理、新闻媒体治理、公司治理、研发投入和高管团队研发经验会加强产业政策对企业创新的正向效应。进一步研究表明,发明专利对企业价值有正向影响且该效应具有一定的持续性,而非发明专利对企业价值有负向影响且该效应不具有持续性。研究揭示了产业政策促进企业创新的传递机制与情境条件,为客观评估中国产业政策的经济效应提供了微观依据。

共同富裕目标下数字金融对农民收入的影响研究

本文利用2014—2021年我国29个省(区、市)的县级数据实证研究共同富裕目标下数字金融对农民收入的影响。研究结果表明:数字金融有利于增加农民收入,同时,缩小城乡收入差距和缩小农村内部收入差距,进而促进农民农村共同富裕;数字金融显著提升西部地区和受教育程度高的农民收入;数字金融通过扩大非农经营规模和促进非农就业规模来增加农民收入;政府支持在数字金融与农民收入的关系中具有调节作用,即随着政府支持力度增大,数字金融与农民收入的正向关系会增加。根据相应研究,本文提出拓展数字金融的使用、提高数字金融的素养和重视政府对数字金融的指导作用的政策建议。

亚投行与传统多边开发银行的比较

作为新兴国家参与建立全球发展治理新机制的重要尝试,亚投行在其建制和发展过程中与传统多边开发银行呈现出机制趋异与趋同并存的特点。一方面,亚投行在机制目标、制度设计、治理结构和决策模式等方面具有制度趋异的特点,展现出优势与创新。另一方面,亚投行在业务原则、融资政策、机制理念和伙伴关系等方面具有制度趋同的特点。制度趋异反映了新兴国家以实际行动践行多边主义,提升发展中国家的代表性,获取制度合法性,回应域内国家发展需求,切实保障成员国利益的诉求。制度趋同则体现了新兴国家学习兼容主流国际规范及对标最佳实践,提升机制有效性的考虑。亚投行制度趋异和趋同现象反映出新兴国家在创立全球发展治理新机制时既追求建制的代表性,又追求机制有效性;既“推陈出新”,又“博采众长”的建制理念。

资治通鉴与政府统计研究

由北宋史学家司马光编撰的《资治通鉴》包含丰富的统计数据,涵盖户籍人口、赋税徭役、军情战报、农业生产等诸多方面,是研究我国古代政府统计演变历程极为宝贵的史料基础。为总结历史经验,汲取历史智慧,本文基于对《资治通鉴》中统计活动、统计数据、统计思想和统计方法的细致钩沉与深入解读,聚焦典型案例,突出数据治理,从政府统计工作组织开展情况、政府统计的主要内容,以及防范和惩治统计造假等三个部分对五代及以前时期我国政府统计的状况加以刻画与总结。研究发现:我国古代政府统计起步时间早,渐趋成熟和稳定;统计工作历来备受重视,日益成为国家治理的有效工具和相关决策的重要基础;统计造假问题时有发生,防范和惩处力度较大;统计数据的收集利用程度与经济社会状况高度相关;统计与其他领域深度融合,专门的统计问题研究较为欠缺。

数字金融对地方政府债务的影响研究——基于省级面板数据的实证检验

本文基于2015—2021年中国省级面板数据实证研究数字金融对地方政府债务的影响,发现两者呈现出显著为负的非线性关系,数字金融的发展对地方政府优化自身债务、降低系统性金融风险具有积极作用。采用系统聚类将31个省(区、市)分为发展中、次发达、发达地区三大组别,发现数字金融对地方政府债务的抑制作用在发展中地区表现得最为显著。市场化水平在数字金融抑制地方政府债务过程中具有正向调节作用,特别是当市场化水平跨越一定的门槛值以后,数字金融对地方政府债务的影响显著增强。在此基础上,提出了数字金融背景下分类施策缓解各级地方政府债务问题的相关建议。