Post-privatization speed of state ownership relinquishment: Determinants and influence on firm performance

This study investigates the potential determinants of speed of state ownership relinquishment, measured by the annual decrease in the percentage of ownership by the government, as well as its impact on corporate performance. Several country- and firm-level determinants affecting the speed of the government ownership withdrawal are documented. Likewise, the initial positive relation between the speed of government ownership relinquishment and performance is reported. However, beyond a certain level, if the governments increase the annual percentage of ownership relinquishment, the performance could be inferior. In other words, a nonlinear relation with an inverted U-shape is detected.     

Private Property or Several Control: A Rejoinder

Following Mises’s foundational paper, ‘Economic Calculation in the Socialist Commonwealth’, first published in 1920, writers in the Austrian tradition have argued that socialism is impossible, because under socialism there would be no private property in the means of production, and without that private property economic calculation could not take place. In the article ‘Economic Calculation: Private Property or Several Control?’, published in this journal in 2015, I argued that this was mistaken. Not private property, but several control, was required for economic calculation, and since several control is consistent with public ownership, this argument for the impossibility of socialism fails. Another article, ‘Private Property and Economic Calculation: A Reply to Andy Denis’, by Bylund and Manish, published in this issue of the Review of Political Economy, defends the traditional interpretation of Austrian reasoning, contending that my argument fails. My rejoinder re-states the issues, addressing, and, ultimately rejecting, the Bylund and Manish critique.     

基于多智能体的建筑业产业资质问题研究

由于目前关于建筑行业资质管理对建筑产业的有效性存在正反两方面不同看法,双方虽有定性理论分析和国外资质管理根据,但是无法说明资质管理对我国建筑产业整体收益具体影响,因而从个体企业行为角度出发,根据多智能体理论,使用Netlogo建模平台,建立中国建筑业的交易行为互动流程,模拟运行建筑产业执行或不执行资质管理的情况,观察并分析论证了资质管理有利于提高中国建筑产业收益能力。此外,在模拟过程中发现资质管理对产业结构也存在影响。     

CORS系统在上海市集体土地所有权调查项目中的应用

本文在详细介绍CORS系统的基本原理及分析其优势的基础上,将其应用于上海市集体土地所有权调查中,完成实测界址点和图形数据成果检查验收,充分发挥其精度高,速度快的优势,保证调查成果质量。     

Network concentration and airport congestion in a post de-regulation context: A case study of Brazil 2000–2010

This paper empirically investigates the main drivers of airline network concentration in an air transport market subject to rapid growth. We consider the Brazilian air transport industry of the 2000s, in which network concentration rapidly increased and was followed by a period of massive flight delays and cancelations, which resulted in the “big blackout” of 2006–2007. We develop an econometric model of network concentration, accounting for demand, cost and competition variables that may affect the propensity of carriers to concentrate flights and passenger connections on a few airports of a network. The main focus of the paper is on the relation between networks leading to the problems of the blackout episode. We investigate the dynamic pattern of the evolution of concentration before and after the abnormal period of operations and find that concentration began to rise at least six quarters before, and persisted at a high level until two quarters after the blackout – and then plunged steeply toward the end of the decade. We believe that our analysis contributes to an improved understanding of the behavior of air transport systems subject to network concentration and congestion. With respect to methodology, we suggest and employ the use of alternative measures of network concentration to check the robustness and validity of our results.     

Subnational institutional environment,scale competition and MNEs’ ownership levels in transition economy: evidence from China

Abstract

This paper shows that the effect of market scale competition on the ownership levels of foreign-funded enterprises is conditioned on sub-national institutional environment in China. Analysis is based on the idea that multinational enterprises subject to the dual pressures of institutional isomorphism and competition in the host country. The provincial panel data from 2001 to 2012 is used for empirical tests. This study indicates that the weaker the legal property rights protection and legal enforcement of contracts, and the higher the opening up, the more the large foreign-funded enterprises decrease their ownership levels, whereas the negative moderating effect incurred by the reduction to government intervention in business is limited significant.     

所有权性质、女性高管参与及企业R&D投入——来自科技型中小企业的经验证据

基于高层梯队理论，利用深圳证券交易所2008-2014年上市企业的数据，探讨了女性高管参与对企业R&D投入的影响，以及所有权性质的调节作用。研究结果显示：女性高管参与对企业R&D投入二者之间呈现出显著的负相关关系；民营企业的所有权性质将显著调节女性高管参与对R&D投入的抑制效应。     

国有部门与非国有部门的工资差异及影响因素研究

基于CGSS数据，利用Heckman样本选择模型对中国国有部门与非国有部门的工资差异和影响因素进行系统研究。回归结果显示，国有部门员工的教育收益率高于非国有部门，教育收益率与学历水平呈现正相关关系，与非国有部门相比，国有部门中大学本科及以上学历员工的教育收益率更高。工资差异分解结果表明，两部门全样本工资差异中市场歧视占比高于特征差异占比，与全样本相比，大学本科及以上学历员工的工资总差异和特征差异占比更高，系数差异占比更低，说明高学历群体中部门间工资差异更为明显，而且两部门中仍存在较严重的劳动力市场分割和就业歧视问题。因此，政府应努力消除劳动力的流动性障碍，深化国有部门市场化改革，制定更为合理的工资机制，以促进中国经济的持续健康稳定增长。     

论信托对现物出资财产所有权转移的保护

在公司设立中，现物出资是与现金出资相对应的一种出资方式。我国《公司法》及《公司登记管理条例》对于现物出资财产所有权转移的规定与传统民事主体理论的冲突，使得现物出资财产所有权移转的实际操作陷入了困境。通过对国内外立法例的比较研究，将现物出资财产所有权进行信托，以现物出资财产的独立性公示来明确现物出资的目的及其中的法律关系，利于解决现实存在的问题。     

The impact of agricultural policy on farm income concentration: the case of regional implementation of the CAP direct payments in Italy

One of the objectives of agricultural policy worldwide concerns the support of farm income. Common Agricultural Policy direct payments (DPs) are the main instruments to support farm income in the European Union. This article addresses their role in the concentration of farm income. This is done by calculating the Gini coefficient and its disaggregation in a large sample of Italian farms in the period between 2006 and 2007. Although this approach has been used to develop ex‐post analysis in previous studies, this article is innovative given that it is used here in an ex ante analysis aimed at evaluating the likely impact of a recent reform proposal. This latter requests changing the current model to a regional model of DPs application to make payment rates (i.e., payment per hectare) homogeneous among farms in the same region. The analysis shows that DPs and farm incomes are both very concentrated but that DPs allow for an income concentration reduction in Italian farms. The shift to a regional implementation reduces DPs concentration and, to a limited extent, farm income concentration. Of the considered regionalization scenarios, those that redistribute DPs among regions are the most effective in reducing concentration. The extension of the Gini considered approach to an ex ante setting seems effective because it provides insights that could feed the policy debate regarding the forthcoming reform.