The role of customer management capabilities in public–private partnerships

Commercial organisations are increasingly asked to perform tasks traditionally associated with governmental bodies, such as law enforcement. The rationale for these public–private partnerships is that there are synergies between traditional business skills and those required to achieve certain societal goals. However, there is a lack of research into whether this is, indeed, the case. This paper addresses this gap by investigating one particular type of public–private partnership: anti-money laundering (AML). The study explores the potential synergies between customer relationship management (CRM) and those required for AML. A quantitative survey-based approach is used to identify the overlaps and connections between these two areas of competence. The findings reveal tensions between financial institutions’ dual roles as both commercial organisations and players in the battle against money laundering. The consequences for these firms are explored, and the wider implications for other organisations supplying non-commercial services to government are considered.     

Determinants of the capital structure of Chinese non-listed enterprises: Is TFP efficient?

This paper investigates the relationship between TFP (Total Factor Productivity) and leverage measures (total, short-term and long-term leverage) of Chinese non-listed firms during the period 1999–2007. First, TFP is significantly and positively associated with the three leverage measures of private and foreign owned enterprises, but insignificantly correlated with state-owned enterprises. Second, financial constraints, leverage costs, and the institutional environment can affect the relation between TFP and leverage; this relation tends to be much stronger when enterprises face stronger financial constraints, higher leverage costs, and an underdeveloped institutional environment. Third, we show that TFP also plays a significant and positive role on formal and informal leverage. Our research offers new evidence that TFP is an important determinant of capital structure choices.     

后金融危机时代江西民营企业发展的战略选择

受全球性金融危机的影响，江西省部分民营企业的生产、销售、发展出现了前所未有的困难。江西民营经济已成为江西经济发展的生力军，在后金融危机时代江西民营企业要汲取金融危机的教训，不断创新发展，变危为机是江西民营经济发展的战略选择。     

最优控制下民办高校科研激励的共享努力合同设计——基于间接原料供应模型的思考

长期以来,科研工作的突破一直是我国民办高校的困扰,其难点在于如何确定在最优控制科研投入水平下的激励教师提高科研产出水平。本文首先确定民办高校科研产出的最优水平,然后以间接原料供应模型为基础,通过共享努力合同的设计以提高学校和教师双方的努力程度,最终达到动态最优化。     

Private Equity and Agency Costs: an Economic Analysis

Private equity ¹ is a new and powerful form of general management. Done correctly, it can increase value in firms by closing the ‘information gap’ between shareholders and management. This can help to reduce agency costs and capture otherwise lost value.     

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。     

Understanding small firms in tourism: A perspective on research trends and challenges

Although small firms in tourism have featured on the agendas of policy-makers for several decades, academic interest over the same period has fluctuated. Certainly the flurry of activity that occurred during the early 1990s became a steady flow of somewhat fragmented output rather than the ambitious and coherent programme of research that was anticipated at the time. The paper traces progress in this field by reviewing inter-, multi- and disciplinary studies that contribute to current understanding of small firms in tourism and how this understanding articulates with wider debates within tourism studies. In so doing, it challenges some conventional wisdom and provides an agenda for future research.