两类样本上市公司的股权结构与绩效评估

为研究上市公司股权结构与绩效之间的关系,基于计量经济学回归模型,以民营及含QFII概念的两类上市公司为样本,得到了回归参数的两类最小二乘估计,检验了方程和参数的显著性．结果表明,民营上市公司绩效对管理层持股比例产生不同影响源于“一股独大”现象,而含QFII概念的上市公司与国内学者所选传统行业样本公司的结论是相似的．     

对国有企业改革的思考

讨论分析了国有企业面临的问题及产生原因, 指出产权制度改革是国企改革取得突破的关键。     

水电工程移民逐年货币补偿安置方式差异及完善

在对逐年货币补偿的探索中,主要形成了针对安置人口和针对被征收土地两种补偿方式。为促进逐年货币补偿安置方式的持续发展,指导后续项目的实施,研究了两种补偿方式的差异及差异原因,并从统一补偿对象、补偿标准、规划方法及兑付方式四方面对实施逐年货币补偿提出完善建议。提出了两种补偿方式的差异实质是对所有权和使用权的补偿,并提出了以集体经济组织为补偿标准计算单元进行统一补偿,集体经济组织遵循总量控制原则,根据自身实际情况综合分析确定内部分配要求和原则的操作方式。     

上市公司高管持股与经营绩效--基于平行数据的实证研究

统计分析表明,中国上市公司商管人员持股数量与比例明显偏低;高管持股这种激励约束机制对企业的经营绩效并没有产生显著的影响,这是由国内股市的上市公司高管持股现状与持股制度的缺陷造成的。     

Hybrid modeling of China’s vehicle ownership and projection through 2050

As representative for emerging vehicle market, China has one of the fastest growing rates of automobile ownership in the world. The huge and increasing vehicle stock has significantly contributed to the fast growing of China’s energy demand and GHG emissions. It is an important issue to project China’s vehicle ownership, which to a large extent determines China’s oil demand and GHG emissions from road transportation sector in the future. In this study, we established a hybrid model with three sub models to simulate the growth patterns of China’s private passenger vehicles, urban public transport vehicles and economic utility vehicles. By using this model, we projected that China’s vehicle population would reach 184.8, 363.8 and 606.7 million by 2020, 2030 and 2050 respectively. The fast increase of urban private passenger vehicles is the main driving force for vehicle population growth. Population of urban private passenger vehicles would account for 70.1%, 81.1% and 86.1% of total vehicle population in 2020, 2030 and 2050 respectively. It was demonstrated by sensitivity analysis that vehicle population was quite sensitive to household income and vehicle price, implying an effective lever for regulating the growth of vehicle population.     

Local ownership of ethanol plants: What are the effects on communities?

The rapid expansion of ethanol plants across the U.S. state of Iowa has fueled debate about the burdens and benefits of local (in-state investors) versus non-local ownership of biorefineries. Central to these concerns is the extent to which non-local, absentee owners might reap the benefits of the ethanol industry at the expense of local communities. A key argument within the rural development literature is that local ownership of firms has a positive effect on the long-term well-being and sustainability of the communities in which they are situated. This literature asserts that firms operate at different scales, with local firms embedded within local supply chains and institutions, and non-local firms embedded within national and international networks and institutions. Conversely, there is a growing body of work within the alternative agrifood systems literature that cautions against the ‘local trap’; the assumption that the local scale is inherently good and therefore advantageous. Despite this broader debate, the literature on local ownership and renewable energy remains limited. This paper addresses this gap by drawing on case study research of the community effects of ethanol plant ownership structure from the perspective of community leaders. My findings suggest that differences between the structure and effects of local versus non-local ownership of firms on communities are rather more ambiguous than the literature asserts. Therefore, assumptions about the benefits of local ownership may be overstated and concepts of ‘local’ and ‘non-local’ may be inadequate for considering firm outcomes on the civic welfare and socioeconomic well-being of a community.     

Institutional diversity and safe drinking water provision in the United States

In the United States, community water systems are not only numerous but also diverse. Nonetheless, operational scale and public versus private ownership have dominated the understanding of safe water access, leaving underexplored many other factors related to governance. Applying insights from the Institutional Analysis and Design literature, we create and analyze a dataset of California's water systems classified into 26 structural types associated with distinct governance institutions. We document differences in the number of Safe Drinking Water Act violations among these types and demonstrate their relevance for implementing solutions targeting non-compliance. Advancing equitable access necessitates greater attention to organizational structure and institutional diversity in drinking water provision.     

“Thank heavens for the lease”: histories of shared ownership

Drawing on and developing Kingdon’s multiple streams analysis, this article examines the development of one aspect of the UK’s low cost home ownership programme: shared ownership. We demonstrate how key human and non-human policy entrepreneurs were able to set the agenda from 1973–1983 in favour of shared ownership; they neutralized the alternatives, while retaining some of their instruments; and solved a number of early problems by bringing key players into the programme. Our data-sets include a range of archival material and elite interviews. The policy entrepreneurs included John Stanley (who was the housing minister in the First Thatcher government), the National Federation of Housing Associations, and the Building Societies Association. Our development of the multiple streams analysis is to argue that documents, including the lease, act as policy entrepreneurs in their own right. The lease was central to the development of shared ownership and its transformation into a model lease enrolled other organizations, most critically the building societies.     

国际性大都市交通出行方式综合分析

通过对交通出行方式的汇总,确定两种主要的交通模式:即小汽车和公共交通. 通过对一些国际性大都市的主要交通出行方式和演变过程的分析对比,得出完善的城市公共交通系统是解决大城市交通问题的有效方式. 从而为我国大城市的合理交通出行方式确定未来发展方向,即为居民公共交通出行创造舒适、良好、经济的出行条件,并通过系列配套设施建设、政策管理手段,引导人们合理使用私人小汽车出行.     

基于物权理论的农村水利资产所有权拍卖的分析

以当前我国农村小型水利工程管理体制改革中采用的“拍卖”这一改制形式为研究对象,针对不同地区不同工程类型在具体实践与实施过程中存在的差异,从理论上对这一改制形式的内涵与性质进行分析,从而澄清一些概念,对农村水利改革提出建议.