The role of political connection on overinvestment of Chinese energy firms

This paper explores the role of political connection on the overinvestment of Chinese energy firms. We argue that political connection can act as a “helping hand” that enables energy firms to obtain more government support to invest and a “grabbing hand” that forces politically connected energy firms to heavily overinvest for the promotion benefit of local politicians. Our analysis shows that overinvestment of an energy firm is positively affected by its political connection. In terms of the “helping hand” effects, we find that politically connected energy firms are more likely overinvest when they receive more government subsidy. In terms of the “grabbing hand” effects, we show that local politician is more likely to force energy firms to overinvest if the politician is approaching the 65-year-old promotion line. Although firms are less likely to overinvest during the economic downturn, local politician shapes the investment decision of energy firms through the “grabbing hand” effects.     

What’s the middle ground? Institutionalized vs. emerging water-related stakeholder engagement processes

Abstract

In this day and age, it is widely argued that stakeholder engagement in water-related decision-making processes yields many benefits, including legitimacy, acceptance and trust. Key legal frameworks, such as the European Water Framework Directive and the Aarhus Convention, have spurred the emergence of formal forms of stakeholder engagement. On the other hand, many engagement processes are spontaneous and self-organized. This article investigates the strategies used in formal (government-led) and informal (bottom-up) engagement processes in search of a middle ground. To this end, case studies in the Netherlands, the United States, Uganda and Ethiopia are analyzed using the OECD’s stakeholder engagement checklist. We conclude with reflection on the ways forward to make formal and informal stakeholder engagement complementary.     

海绵城市建设PPP项目委托代理契约分析

针对海绵城市PPP(Public-Private Partnership)项目建设、运营管理问题,为了降低由于项目参与的各方掌握信息、地位的不对称而产生的道德风险、维护各参与方的合法权益,基于一定的前提假设,构建海绵城市建设PPP项目契约模型,利用优化理论分别从代理企业和政府方两个主体的效用对模型的各个参数相关关系进行了分析,并利用数值模拟讨论了监控机制各参数对政府方监控意愿的影响。最后,结合常德市海绵城市PPP项目建设的案例,分别分析在当前考核机制下项目在建设、运营期可能存在的问题,并提出了相应的对策以解决这些问题。结果表明:代理企业的监控和激励措施具有互补性,海绵工程项目风险来源广泛,企业为规避风险会偏好零风险的固定收益,设定监控机制能激励企业更加努力的工作。     

基于因子分析法的地区财政支出状况评价

以2012年我国财政支出数据为依据进行建模分析，并对我国目前各地财政支出状况给出科学的解释和说明。财政支出是一种经济行为，财政支出结构对于一个国家的经济发展起着至关重要的影响。运用因子分析法算出因子得分，对我国财政支出数据进行分析发现：我国各地区财政支出仍然相当不平衡，要实行财政转移以缩小各地财力差异。     

企业开展矿山修复业务的几点思考

目前,中国矿山生态修复中存在诸多历史遗留问题。国家着手推动矿山治理和生态修复,已经取得了一些成效,但仍存在资金需求缺口大,修复后矿山土地使用确权、土地流转、开发利用等方面的问题。从国家政策支持、治理资金出资模式等方面对矿山修复进行了思考。     

基于数字化、共享化背景下财务管理模式创新研究与实践

介绍了山东能源集团财务管理数字化转型的背景,阐述了该集团新型数字化、共享化财务管理模式的建设路径。通过不断探索财务理念和管理实践的创新,以及新型数字化和财务共享管理模式的建设,该集团实现了财务管理模式的转型升级,助力企业实现数字化、智慧化转型。     

浅析业务财务一体化在有色企业管理中的应用

为更好地匹配经营业务发展,中国有色金属建设股份有限公司通过建设财务报账系统,梳理完善业务处理流程,将经营业务和财务管理进行了深度融合,并应用信息化管理工具进行固化,提高了工作效率和准确性,初步实现了业财一体化,为有色金属行业的企业管理提供了较好的经验借鉴。     

论我国环境污染损害鉴定评估推进的困境与发展建议

近年来,环境污染问题日益引起公众的高度关注。环境污染导致的人身、财产及环境资源损害问题日益显现,环境污染损害评估结论作为环境污染事件损害的量化结果,已经成为处理环境问题以及司法解决涉及环境案件的技术依据或定案根据。文章在阐述我国环境污染损害鉴定评估进展的基础上,分析了鉴定评估目前面临的问题:立法和方法研究滞后于现实需求、环境污染损害鉴定评估管理体系亟待完善、损害赔偿修复机制尚未建立,并对上述问题基础提出了相应的改进建议。     

巷道截面变窄瓦斯爆炸传播特性的数值模拟

为获得井下巷道截面变窄对瓦斯爆炸传播特性的影响,利用Fluent流体力学软件建立相应的数值模型,对井下截面变窄的巷道瓦斯爆炸进行数值模拟研究。探讨了巷道截面变窄的大小对瓦斯爆炸的影响程度以及瓦斯爆炸后压力和温度的变化。巷道截面变窄对瓦斯爆炸有明显的激励作用,且巷道越窄,激励作用越明显。在此基础上,分析了巷道壁面和三波结构对瓦斯爆炸的影响。结果表明,经壁面反射后的反射波和三波点的碰撞使爆炸的压力和温度显著升高且持续时间较长。研究结果对矿井建设的安全设计与安全设施设备的实施有重要意义。