Government Regulation,Corporate Board,and Firm Value: Evidence from China

This paper investigates the determinants of board composition and its consequences on firm value in China by focusing on the impact of ultimate owner type and financial needs under the institution environment with government intervention and weak investor protection. We find that State‐Owned Enterprises (SOEs) are more likely to choose politically connected directors without professional backgrounds, but non‐SOEs are more likely to have independent directors, or politically connected directors with professional business backgrounds. Appointment of independent directors has no effect on firm value. Due to weak legal investor protection in China, a dominant shareholder can easily remove independent directors, as there is no mature market for directors. Politically connected directors without professional business backgrounds are negatively associated with a firm's value. Although such directors can help a company establish relationships with the government, their firms may suffer due to inferior professionalism.     

我国西部欠发达地区服务业集群发展政策研究——以甘肃为例

采用定量研究的方法,通过制度效应与甘肃经济服务化水平二者关系的实证分析,了解原有的计划经济体制的确是阻碍服务业发展的重要因素,而现有的社会主义市场经济体制更加适宜服务业发展。在此基础上,科学定位了政府在发展服务业中的角色,提出了甘肃服务业集群发展的政策建议。     

索非布韦关键中间体的合成工艺研究

索非布韦是全球首个全口服抗丙型肝炎病毒药物。以2-溴代丙酸乙酯为起始原料,经过膦叶立德、Wttig、氧化、成环、氟化和官能团保护6步反应制备了索非布韦关键中间体(2R)-2-脱氧-2-氟-2-甲基-D-赤式戊糖酸γ-内酯-3,5-二苯甲酸酯,并对合成工艺进行了改进。改进后的工艺降低了成本,提高了反应器的容量,同时还提高了反应的收率,总收率由文献最高的29.0%提高到35.4%,具有一定的工业应用价值。     

Inter-firm collaboration in new product development in Chinese pharmaceutical companies

High-tech firms increasingly rely on inter-firm collaboration (IFC) in new product development (NPD). While there is a growing research interest in exploring the economic rationale of IFC through the transaction cost economics (TCE) and the resource synergy of IFC through the resource-based view of the firm (RBV), little attention has been given to the institution-based view (IBV) that also has important implications for firms’ choice of IFC. In particular, how national institutional environment affects IFC in the NPD process remains under-researched. This study aims to contribute to the literature by extending our understanding of the role of IFC in firms’ NPD process, taking into account transactional, resource, and institutional factors. Based on a case study of two firms: a state-owned and a private pharmaceutical firm in China, our research identifies three key forms of IFC, which are dynamic at different stages of NPD and contingent upon an array of institutional, resource, and transactional rationales underpinning firms’ choice of different forms of IFC. Our study is the first one that investigates the role of IFC in the NPD process bringing together the IBV, RBV, and TCE perspectives.     

旅游业大发展背景下导游高流失率的悖谬:导游离职影响因素分析

在旅游业如火如荼大发展的光环下,身处第一线的导游人员群体却面临着非常尴尬的处境,其流失率远高于其他职业。本文从问卷调研的实证角度,通过因子分析、相关分析等方法,得到影响导游流失的因子有晋升、薪酬、WIF、FIW、FVSW、职业疲劳,在此基础上提出完善导游管理服务中心机制功能的导游服务外包措施。研究成果拓展了导游流失研究范畴,丰富了其理论意义上的内涵和外延;同时,明晰了导游流失的症结,提出了缓解对策。     

华蓥山自然保护区大型真菌资源多样性调查与研究

为了解和合理开发华蓥山自然保护区的大型真菌资源,对保护区内的大型真菌进行了连续一个月的调查与研究。结果表明:该保护区内有大型真菌57种,隶属5纲7目24科43属。其中担子菌亚门层菌纲种类最多,有50种,分属18科37属,占鉴定样本总数的91.2%。保护区内植被类型众多,主要有阔叶林、针叶林、混交林以及灌木草甸,其中灌木草甸中大型真菌最多,有32种,占鉴定样本总数的56.1%。保护区内具有经济价值的大型真菌种类众多,在食用和药用等方面具有较大的开发潜力。     

我国新型农村金融机构存在的问题及对策分析

我国的新型农村金融机构自成立和运行以来,取得了一定的成绩,但也存在着若干问题亟待解决。本文分析了新型农村金融机构运行中存在的问题,并提出改进现状的相关建议,以更好地发挥新型农村金融机构在新农村建设中的作用。     

节能减排的调控机制创新研究

资源与能源的无节制消耗,致使全球环境污染和资源枯竭。我国对资源和能源的巨大消费受到全球瞩目,能否及时有效地出台节能减排的政策措施,并尽快达到国际节能减排标准,不仅是国际社会的期望,也是关系到我国科学发展的大计。文章从节能减排、资源节约和资源环境保护相互关系的认识入手,提出政府应采取法律、价格、财税、金融相互协调的综合手段和配套措施推进节能减排。