Private Participation in Infrastructure and Financial Sector Development: Evidence from Developing Countries

This article studies whether private participation in infrastructure (PPI) investments promote financial sector development (FSD). With data from 62 developing countries over the period 1990–2013, we provide evidence of a positive and significant relationship between PPI investments and FSD, irrespective of different control variables, estimation methods and measures of FSD. With heterogeneity tests, we illustrate that the promotion effect is larger in emerging countries than in the other countries; however, the difference is marginal. We also identify that both civil and common legal origins have a comparative advantage than socialist legal origin for FSD.     

Process-Oriented Management in Public and Private Sector

The aim of the paper is to discuss the differences between the process-oriented management in public sector organizations and private sector organizations. It is also to present the consequences of implementation of this approach and to suggest areas for further research. The process management is based on the assumption that actions should be optimized by taking into account processes, which create the dynamics of an organization. These processes are constituted by sequences of activities, which turn ideas and efforts of members of an organization into an outcome expected by a client. It seems that the implementation of the process-oriented management in organizations of the public administration may facilitate the following current clients needs and identifying new ones, which are due to changes in needs of citizens or legal requirements. The paper gives an account of the process-oriented management approach and consequences of its implementation in public sector organizations. It also discusses the obstacles to the process-oriented management implementation, primarily in the public sector. The paper is theoretical and the presented ideas need further empirical investigation. The findings can be used to enhance process-oriented management systems both in the public and private sector.     

浅析民办高校思想政治工作中的情感教育

情感教育在民办高校思想政治教育中具有重要意义,教育工作者应充分认识民办高校大学生的特殊性,遵循情感教育的规律,发挥其功能,充分有效地实现教育的培养目标,培养出身心健康全面发展的合格大学生。     

论民办高校新型学生事务管理体制的建立

随着我国高等教育改革的深入，高校学生事务管理体制存在的诸多问题逐渐显现，现有的学生事务管理体制已不适应高等教育发展的需要。民办高校作为我国高等教育发展的一支新生力量，其灵活的办学机制，为民办高校新型学生事务管理体制的建立提供了契机。     

江苏省中小民营科技企业创新发展面临困境

江苏省民营企业经济取得了重大进展,发展速度明显加快,盈利能力不断增强,经营规模不断壮大,经济效益稳步提升,竞争实力持续增强,现代企业管理制度建设取得新进展,一批规模大、实力强、效益好的大型民营企业迅速崛起,有力促进全省产业结构调整和地区经济增长,但在发展过程中存在很多问题和困境。     

Strategic Effects of Private Labels and Horizontal Integration

The present study examines whether women involved with career work have shopping attitudes and purchase participation preferences different from those of women involved in non-career work. It finds that career women do differ from their non-career counterparts with regard to several attitudes that have been related to shopping. The attitudinal changes associated with careers and the socioeconomic resources that accompany such work, however, appear to have only an indirect relationship to preference for mail/phone order buying methods. In addition, career status could not be linked to willingness to expand or contract the traditional areas of female purchase jurisdiction.     

Stand by or Follow? Responsibility Diffusion Effects and Green Credit

Understanding the behavior of private capital holders in green investment is a key to the success of green finance policies such as green credit policies. In current literature, there still remain unsettled controversies on the behaviors of private capital holders. The responsibility diffusion theory indicates that private capital holders do not follow commercial banks that issue green credit. However, the signal transmission theory implies that private capital holders may follow. Stand by or follow? We apply the two-way fixed-effects model to analyze the behavior pattern of private capital holders in green investment, using the panel data of 443 listed companies in China. The results show that the private capital holders’ behavior is affected by responsibility diffusion effect.     

Political and Interlocking Connections in the Boardroom on Private Equity Placements

This study examines the influence of directors who are politically connected and/or have boardroom interlocking on private equity placements (PEPs) in Chinese listed firms. We document that interlocked directors can significantly influence the propensity to apply for PEPs and approval of PEPs and reduce the cost of PEPs while providing greater access to proceeds from PEPs through lowering information asymmetry and information cost. Although politically connected directors have a significant role in the approval of PEPs, they are more likely to reduce the monitoring effects and increase agency problems, which lead to increased cost of PEPs and reduced proceeds from PEPs. The results also reveal that political connection diminishes the benefits of interlocking directors for firms having directors with both interlocking and political ties.     

The state-augmenting effects of globalisation

Recent debates have drawn attention to the legitimacy challenges faced by new forms of global governance. Privatised governance in particular has come under considerable scrutiny. This paper attempts to contribute to this debate through an analysis of the widespread critiques of climate governance that focus on its ‘marketized’ or ‘privatized’ character. Such critiques fundamentally attempt to delegitimise dominant governance mechanisms which can be collectively known as the ‘global carbon market’. The paper argues that to understand the political dynamics of legitimacy surrounding these forms of governance we need to take into account the recurrent tension within capitalism between accumulation and legitimation. This focus enables us to understand the legitimacy problems surrounding climate governance. First, it draws attention to the character of the discourses which are critical of marketized climate governance, which attack it precisely because of the forms of accumulation it enables. Second, many of these governance projects have themselves been developed in part precisely in order to overcome legitimacy crises inherent in capital accumulation, and specifically in the current context in relation to the dominance of finance within contemporary capitalism. Finally, it suggests that one of the strategies of firms involved in such governance is to attempt to overcome this legitimacy-accumulation tension in the way that automobility did in the Fordist era. Climate governance practices should be understood as a pursuit of this sort of coherence which might give rise to an ‘ecological regime of accumulation’ that aims to forestall more radical critiques that argue that capitalism and sustainability are inimical.     

马克思恩格斯工会思想于人的发展的现实意蕴

在新自由主义冲击下,非公工会组织被异化为资方的附属机构,低权利、低福利来维持的企业高增长不具有持续性,企业和政府必须为劳动者健全的生活支付成本和提供相应的公共服务。马克思恩格斯工会思想(以下称马恩工会思想)揭示了工会产生的使命和维权职能,为指导非公企业工会发展和满足劳动者的现实需要提供了科学的指导思想:积极组建和完善非公企业工会以扭转"资强劳弱"的不和谐局面;充分激活和发挥工会维权功能以解决工人最关心最直接最现实的利益问题;设法探索和拓宽工会职责范围以满足工人们日益增长的公平正义需求。