2016, Vol. 29 No.5
Publication date: 25 September 2016
With a research on the establishment and development of the current housing supply system in China, the paper finds that the current housing supply system could not solve the contradiction between the dynamic change of the payment ability of the individual object of indemnificatory housing and the relative stability of the total amount of the objects at a specific historic stage. It also could not solve the problems such as there is no effective convergence of the relationship between indemnification and the market. The paper points out that shared property house, as an operational mechanism, can achieve the internal unification of payment ability of the objects and supply of the indemnificatory houses under demand-oriented conception; also it can make smoother the transition between indemnificatory houses and commercial houses, and then achieve the market-oriented operation of housing security gradually. The housing security market operation mainly refers to the marketization of land acquisition of indemnificatory houses, development and construction, sale methods, and the rent and the price of indemnificatory housing. In addition, the paper points out that during the period of shared property, the objects are the actual users of indemnificatory houses. So they should take the relative responsibility of legal obligation and tort liability.
Because of the risk uncertainty of local governments' investment and financing platform,finding out the cause of risk and evaluating the risk becomes the major demand for risk analysis of the local governments' investment and financing platform. Based on scientifically structured evaluation indicator system, this paper uses triangular fuzzy number method to assess the risks of local government investment and financing platform. An empirical analysis is conducted based on the specific data collected from exurb construction in Ningbo. The result shows that the risk of local government and company operation are the two main manifestations and their influences are also most far-reaching. The influences produced by strategy risk, policy risk and law risk are much smaller. For the secondary index, compliance risk, risk of strategy implementation and corporate governance risk have greater influence. In view of the result, the paper suggests that the local government determine the size with their own financial strength and formulate operation system according to the market rule. With the consummated operation system and risk control mechanisms, it is believed that the local government investment and financing platform will work more smoothly and efficiently.
Traditional leaders of public opinions like newspapers of CPC (Communist Party of China) used to function as moral guidance in social rewards-punishments system. However, in the new media era of internet, pluralistic changes arise in propagating path, main releasers, information contents and evaluation standards of public opinions. As a result, the authoritative position of the traditional leaders of public opinions has been vacillated in the choice of social rewards-punishments' standards and they seem weak and inefficient in the implementation and supervision of social rewards and punishments. Faced with the challenges, it is vital for them to take measures in enlisting talents, possessing resources and establishing rules to strengthen the leading position and guide the public opinions for the moral construction in China.
In recent years, there is an increasing trend in the disposal of group dispute caused by flight delays. The paper analyzes the status and characteristics of the group dispute. According to the mental state and behavior of passenger, the disputes are divided into early, middle and late stages with three departments involved in the treatment of the stages: airport company, airlines and public security organs. Through data analysis about the disposal for flight delays from the police station of airport public security bureau in Zhejiang province in the past five years, the paper finds that the three departments are deficient in publicity, emergency measures and positioning of power and responsibility in the three stages. With the experience from foreign airlines in flight delay treatment, the paper puts forward four improvement suggestions in legislation, law enforcement, publicity and trade management.
Air transport contract is necessarily incomplete and the unclearly defined and residual rights often lead to rent-seeking conflicts among contracting parties. Defining airlines' responsibilities on the basis of flight delays' genesis encounters a severe information asymmetry problem which causes passengers to take drastic actions to protect their contingent rights. It is optimum to entitle the airlines to the flight delay's residual rights in the form of law which will eliminate the dissension of flight delays at less transaction costs. The mechanisms of market competition and administrative management can effectively restrict airlines to abuse the residual rights and urge them to diligently overcome the flight delay problems.
Reliance protection in collaborative and joint administrative enforcement should first meet the requirement of reliance protection elements before selecting protective measures. Identification of reliance basis should review whether a positive action made by the administrative law enforcement agency constitutes a specific administrative act and whether the unsettled matter is within the jurisdiction of the agency. There is an objective causality between the action of the administrative counterpart disposing his right and that of the law enforcement agency, which is the criterion of reliance behavior. Identification of reliance worthy of protecting depends on whether administrative counterpart has a fault in specific administrative act on reliance basis. Reliance protection measures should be based on the measurement of private and public interests, choosing one or a combination of subsistence protection, property protection and transitional measures.
Company power centre refers to the departments that have company's core decision-making and executive power. Changes of such a centre happened in the history of company development both at home and abroad. Though the changes are different in various countries, the responses from Company Law bear similarities: to strengthen the power of decision-making and execution for new power centre as well as the authority to supervise for other non-power-centre departments. The changes of company power centre in China exhibit its own features. In 2005, Company Law made responses to the change of company power centre, promoting both the development of corporate governance structure and business efficiency, yet it still has deficiencies. Influenced by political factors, "dual structure" may appear in the shareholding structure of Chinese public companies, which will lead to new changes in corporate governance structures. Company Law needs to make logical responses to these changes.
Fairness is an appropriate reason for the farmer's action in protecting his rural land rights. Why fairness is so important to the farmers? How to understand the farmers' view of fairness? Taking typical farmers' expression as an example, the paper analyzes the first question from the theory of scarcity and the second from the theory of justice. The systems created by the farmers are applied to illustrate how to realize the farmers' fairness. It is helpful to maintain the rural land rights and achieve social stability in the countryside.
The current market status is experiencing a shift from the fundamental role to the decisive one. At this stage, economic monopoly which has appeared in the process of capitalist development will arise. Different from administrative monopoly, economic monopoly is conducive to the development of productive forces at a specific stage. The monopoly appeared in the capitalism development was generally implemented in the form of business organization while the current economic monopoly arises in the form of industrial cluster, which is not subject to antitrust restrictions. Some industrial clusters in China have gained a dominant position in the share of the market, which enables them to achieve economic monopoly. To accomplish economic monopoly, the industrial clusters need the guide of leading enterprises and sharpen the competitive edge both externally and internally.
Using the input-oriented super-efficiency DEA model based on constant returns to scale, this paper evaluates the operational efficiency of 30 major ITO listed companies. It is found that the overall operational efficiency of the listed ITO companies exhibits low level and there are significant differences in the various companies. In order to analyze how the factors such as firm size, staff quality and R&D investment affect operational efficiency, the paper employs Tobit model and the empirical results show that firm size, staff quality, government support and other factors have a positive impact on the operational efficiency while the impact of R&D investment is not significant.
This article empirically tests the impact of accounting accruals and financial policy on capital adequacy ratio of Chinese commercial banks, with the sample of the data of 2005 to 2013 years of 16 A-share listed commercial banks of China. The results presented in the test suggest that the bank managers may use accounting accruals (i.e., loan loss provision) and financial policy (i.e., dividend change) to adjust the level of capital adequacy ratio. The article concludes that when bank managers need to raise the level of capital adequacy ratio, they will increase loan loss provisions of provision for loan. It also concludes that although distribution of dividends will consume some profits, it can bring more capital. The study also found that the impact of provision for loan loss provisions and dividend changes on capital adequacy ratio has a complementary relationship.
With respective construction of top management team's risk tolerance proxy and corporate entrepreneurship proxies, this paper tests and confirms the relation between TMT's risk preference and corporate entrepreneurship and their dynamic effect on firm value from the perspective of corporate entrepreneurship by taking 2006-2013 main-board listed companies in China as the sample. This study shows that: there is significantly negative correlation between firm value and TMT's risk tolerance; the less TMT's risk-aversion is, the more likely firm engages in business venture; although corporate entrepreneurial activities have become effective ways for enterprises to achieve "value creation", including innovation, self-renewal and proactiveness, listed companies in China do not pay enough attention to it.
American novelist William Styron's Sophie's Choice is deemed as one of the classics of Holocaust Literature. Styron focused on Christian theology and reinterpreted the doctrine of the original sin through Sophie's life in Krakow, Auschwitz and Brooklyn. Styron's reinterpretation does not concern condemning the violence of Nazi, instead, it concerns the original sin of everyone, the situation caused by loss of freedom. The interpretation not only changes the traditional reflection of Holocaust, but also shows people in despair the way of redemption.
Lenin's thoughts about the mass line of the proletarian party are the fundamental views and ideas about "why should adhere to the mass line and how to adhere to the mass line?" Which were formed when he was leading Soviet socialist revolution and construction. The thoughts include the significance of the mass line for the proletariat political party, target selection of the proletarian party adhering to the mass line and the method or path of proletarian party adhering to the mass line. The paper conducts a study of Lenin's ideas to provide for the Communist Party of China the practical experience, the theoretical foundation as well as the realistic enlightenment in adhering to the mass line under new circumstances.
Based on Blended Collaborative Learning (BCL) theories and aided by autonomous learning platform, internet and wechat software, the study probes into the effect on students learning performance inside and outside of classroom by utilizing the advantages of face to face collaborative learning (F2FCL) and computer supported collaborative learning (CSCL). After one-year experiment, it finds that students' English abilities have been improved because the approach helps to improve the classroom learning efficiency and suits individual's learning requirement.
The rapid development of international E-commerce has put forward new requirements and challenges for the cultivation of foreign language talents in terms of innovative quality. Based on the three quality theory, this paper explores ways of improving the innovative quality of foreign language talents under the rapid development of international E-commerce in the following three aspects: professional knowledge quality, job quality and occupational awareness quality. The result shows that foreign language talents under traditional teaching mode can't meet the requirements for the development of international E-commerce. The paper suggests that foreign language teaching reform should be based on the enhanced adaptability of economic and social development requirements, setting up on-line international e-commerce center and practice studios. At the same time, relying on international e-commerce platform, universities should carry out reforms of project teaching and establish quality training of dynamic occupational awareness and feedback mechanism between colleges and enterprises to conform to the needs of enterprises' development.
Experiential education focuses on students' individual needs, students learn and grow through personal experience, sharing and comprehension. Based on the experiential education concept, the paper builds a three-stage counselor system. Through "undergraduate counselor program" "undergraduate social mentor program" and "graduate counselor program", the paper provides a hierarchical experiential learning mechanism for students at different stage to help them shape positive emotions, feel cultural inheritance and develop management skills. Counselor system pays attention to the two-way communication between educators and educatees with the latter as the main body of independent knowledge construction, which is helpful for the benign development of the individuals.
The internationalization of higher education has become a significant element to guide the progress and development of the world's top universities. The paper compares the methods to internationalize faculties and students in the nine world-class Institutes and Departments of East Asian Studies in North American Universities. The results show that these institutes and departments all have faculties with backgrounds related to East Asian countries and provide students with diversified academic projects, internship programs and scholarships. Besides, the Schools and Departments of Foreign Languages in China should learn from North American universities to internationalize their faculties, teaching systems, learning atmosphere and scholarship programs.
By analyzing the comprehensive reform pilot colleges and universities of professional degree education of MBA, the paper extracts experience and characteristics from innovation of talents training mode and management mechanism reform. The former includes course system setting, faculty team and practice base construction. The latter covers student-recruiting reform and cooperation between universities and enterprises. The paper finds that the effect of universities reform is significant, which is mainly reflected by teacher quality improvement, demand-oriented course system setting, consensus of case teaching and education internationalization, international recognition of some universities projects and case studies brand and so on. It also gives suggestions on deep reform of professional degree education of MBA.