scholarly journals IMO’s Marine Environmental Regulatory Governance and China’s Role: An Empirical Study of China’s Submissions

2021 ◽  
Vol 13 (18) ◽  
pp. 10243
Author(s):  
Jiayu Bai ◽  
Xiaoyu Li
Keyword(s):  
Environmental Governance ◽  
Positive Influence ◽  
Multiple Identities ◽  
Global Ocean ◽  
Agenda 21 ◽  
Governance System ◽  
Member States ◽  
Regulatory Governance ◽  
The Impact ◽  
Marine Environmental

The International Maritime Organization (IMO) plays a significant role in global marine environmental governance, providing a forum of regulatory oversight for member states. Member states are the main actors of the IMO and exert considerable influence on the process of lawmaking. Among these member states, China is unique due to its multiple identities. There are various factors influencing interests behind China’s multiple identities, which fully engage the country in various shipping and maritime trade activities. This article examines China’s role in the IMO marine environmental regulatory governance. It identifies the impact of China on global ocean governance and indicates the development and reforms in the global governance system. China enacted the China Ocean Agenda 21 for its strategy of ocean development. Thus, China is the object of study in this examination of empirical research that collects submissions from 2001 to 2020 related to marine environmental governance. The findings reveal that the extent to which China participates in such governance has considerably increased, and although the contribution of China’s submissions is still in development, its role in the IMO is no longer merely that of a follower, and the efforts of the country have had a positive influence on the IMO’s marine environmental regulatory governance, including its legal instruments.

scholarly journals Research on Modern Marine Environmental Governance in China: Subject Identification, Structural Characteristics, and Operational Mechanisms

2021 ◽  
Vol 18 (9) ◽  
pp. 4485
Author(s):  
Qi Chen ◽  
Huijuan Yu ◽  
Yezhi Wang
Keyword(s):  
Local Governments ◽  
Environmental Governance ◽  
Structural Characteristics ◽  
Governance Structure ◽  
Governance System ◽  
Pressure System ◽  
Operational Mechanism ◽  
The One ◽  
Process Coordination ◽  
Marine Environmental

Under the guidance of modern environmental governance concepts, there have been profound changes in the subject, structure, and operational mechanism of the modern marine environmental governance in China. This paper first classifies the subjects of modern marine environmental governance in China, as well as their relationships; analyses the structural characteristics from the three levels of rights, society, and region; explores the operational mechanism; and builds the framework of the modern marine environmental governance system in China. Both the central and local governments act as the leaders of the modern marine environmental governance system in China, and there have been many new changes in their relationships. On the one hand, the interest and goals of the central and local governments have gradually converged under the pressure system. On the other hand, local governments follow the principles of comprehensive governance regarding the coastline and collaborative cooperation is gradually beginning to occur. Different governance subjects are interrelated and intertwined to form a complete modern marine environmental governance structure, which includes the following three levels: the governmental power structure; the social structure, which involves collaboration between multiple entities; and the regional structure, which involves land-sea coordination in environmental governance. These structures each play their parts in the overall process of the marine environmental governance’s institutional arrangements, process coordination, and feedback adjustments and ultimately constitute a dynamic and complete modern marine environmental governance operational system.

Role of Family Management in R&D Investments: Indian Evidence

2021 ◽  
pp. 097226292110662
Author(s):  
Gagandeep Singh ◽  
Amanpreet Kaur
Keyword(s):  
Stock Exchange ◽  
Family Members ◽  
Positive Influence ◽  
Family Management ◽  
Governance System ◽  
Final Sample ◽  
Corporate Governance System ◽  
Management Positions ◽  
The Impact ◽  
D Investment

The purpose of the present study is to examine the influence of family management on R&D investments of Indian companies. Panel regression analysis is undertaken on the data of top 200 Indian companies (the final sample got reduced to 179 companies) listed on Bombay Stock Exchange (BSE) over a period of 5 years from 2015 to 2019. The results reveal that family management supports R&D investments. The presence of family members on top management positions have a significant positive influence for both capital R&D expenditures and revenue R&D expenses. Given the restructuring of Indian corporate governance system, the findings recommend continual of family management as Indian way of management as it actively supports research and development investments thereby significantly influencing growth of the firm. The non-family members must support the strategic envision of family managers as the latter are more emotionally linked with the firm. The study contributes to the existing literature by examining the impact of family management on capital R&D expenditures and revenue R&D expenditures separately to gain meaningful insights about the attitude of family owners towards R&D investment decisions.

scholarly journals The Stock Market’s Reaction to Strict Environmental Inspection: Evidence from Heavily Polluting Listed Companies in China

2020 ◽  
Author(s):  
Xie Tingting ◽  
Wang Yong
Keyword(s):  
Environmental Governance ◽  
Negative Impact ◽  
Listed Companies ◽  
Small Scale ◽  
Corporate Value ◽  
Governance System ◽  
Study Approach ◽  
Significant Negative Impact ◽  
The Impact ◽  
Polluting Firms

As an important part of the new environmental governance system in China, the policy effect of Central Environmental Inspection has gained more attention. Based on the data from heavily polluting listed companies in China, this paper examines the impact of Central Environmental Inspection on corporate value by using an event study approach. The result of the study demonstrates that the Central Environmental Inspection causes a general and significant negative impact on the corporate value of heavily polluting listed companies. More specifically, the market value of private firms and small-scale firms declined more than that of state-owned firms and big-scale firms. In addition, under the deterrent of the Central Environmental Inspection, political connections have no longer become the effective way for polluting firms to evade strict environmental regulation.

scholarly journals The Stock Market’s Reaction to Strict Environmental Inspection: Evidence from Heavily Polluting Listed Companies in China

2020 ◽  
Vol 15 ◽  
pp. 95-117
Author(s):  
Xie Tingting ◽  
Wang Yong
Keyword(s):  
Environmental Governance ◽  
Negative Impact ◽  
Listed Companies ◽  
Small Scale ◽  
Corporate Value ◽  
Governance System ◽  
Study Approach ◽  
Significant Negative Impact ◽  
The Impact ◽  
Polluting Firms

As an important part of the new environmental governance system in China, the policy effect of Central Environmental Inspection has gained more attention. Based on the data from heavily polluting listed companies in China, this paper examines the impact of Central Environmental Inspection on corporate value by using an event study approach. The result of the study demonstrates that the Central Environmental Inspection causes a general and significant negative impact on the corporate value of heavily polluting listed companies. More specifically, the market value of private firms and small-scale firms declined more than that of state-owned firms and big-scale firms. In addition, under the deterrent of the Central Environmental Inspection, political connections have no longer become the effective way for polluting firms to evade strict environmental regulation.

scholarly journals THE IMPACT OF FISCAL DETERMINANTS ON INVESTMENTS IN EUROPEAN UNION COUNTRIES. A PANEL DATA ANALYSIS

2021 ◽  
Vol 6 (1) ◽  
pp. 1-13
Author(s):  
Sandra Clement ◽  
◽  
Eugenia Ramona Mara ◽  
Monica-Violeta Achim
Keyword(s):  
European Union ◽  
Panel Data ◽  
Panel Data Analysis ◽  
Negative Influence ◽  
Positive Influence ◽  
Least Square ◽  
Consumption Tax ◽  
Member States ◽  
Eu Member States ◽  
The Impact

Taxation plays an important role in investment decisions and on net profit. In this view, this paper examines the fiscal determinants of investments realized by non-financial corporations in European Union (EU) countries. More exactly, the influences of profit tax and other important taxes like consumption and labor tax on the rate of investment are analysed. For this purpose, we use a panel analysis for 28 Member States from 2008 to 2018. In the presence of variables cointegration, we apply the fully modified ordinary least square (FMOLS) for investigating the long-run impact of taxation. Our results show a negative influence of the profit tax and a positive influence of consumption tax on the investment expansion. In addition, we find that the profit tax rate decreased after 2008 representing one of the most important fiscal measure adopted by the majority of EU Member States in order to stimulate the investment increase. The results are important for the governments, corporate governance of the companies and the investors, in order to understand the efficiency of their decisions to recover after a crisis. Keywords: Corporate tax policy, Rate of investment, Panel data.

On the impact of sea ice in a global ocean circulation model

1997 ◽  
Vol 25 ◽  
pp. 111-115 ◽  
Author(s):  
Achim Stössel
Keyword(s):  
Southern Ocean ◽  
Sea Ice ◽  
Ocean Circulation ◽  
General Circulation ◽  
Thermohaline Circulation ◽  
Circulation Model ◽  
Deep Ocean ◽  
Global Ocean ◽  
Convective Activity ◽  
The Impact

This paper investigates the long-term impact of sea ice on global climate using a global sea-ice–ocean general circulation model (OGCM). The sea-ice component involves state-of-the-art dynamics; the ocean component consists of a 3.5° × 3.5° × 11 layer primitive-equation model. Depending on the physical description of sea ice, significant changes are detected in the convective activity, in the hydrographic properties and in the thermohaline circulation of the ocean model. Most of these changes originate in the Southern Ocean, emphasizing the crucial role of sea ice in this marginally stably stratified region of the world's oceans. Specifically, if the effect of brine release is neglected, the deep layers of the Southern Ocean warm up considerably; this is associated with a weakening of the Southern Hemisphere overturning cell. The removal of the commonly used “salinity enhancement” leads to a similar effect. The deep-ocean salinity is almost unaffected in both experiments. Introducing explicit new-ice thickness growth in partially ice-covered gridcells leads to a substantial increase in convective activity, especially in the Southern Ocean, with a concomitant significant cooling and salinification of the deep ocean. Possible mechanisms for the resulting interactions between sea-ice processes and deep-ocean characteristics are suggested.

scholarly journals The impact of non-pharmaceutical interventions on COVID-19 epidemic growth in the 37 OECD member states

2021 ◽  
Author(s):  
Francisco Pozo-Martin ◽  
Heide Weishaar ◽  
Florin Cristea ◽  
Johanna Hanefeld ◽  
Thurid Bahr ◽  
...  
Keyword(s):  
Growth Rate ◽  
Early Phase ◽  
Policy Decision ◽  
Multilevel Modelling ◽  
Daily Growth ◽  
Public Places ◽  
Member States ◽  
Unit Increase ◽  
Policy Decision Making ◽  
The Impact

AbstractWe estimated the impact of a comprehensive set of non-pharmeceutical interventions on the COVID-19 epidemic growth rate across the 37 member states of the Organisation for Economic Co-operation and Development during the early phase of the COVID-19 pandemic and between October and December 2020. For this task, we conducted a data-driven, longitudinal analysis using a multilevel modelling approach with both maximum likelihood and Bayesian estimation. We found that during the early phase of the epidemic: implementing restrictions on gatherings of more than 100 people, between 11 and 100 people, and 10 people or less was associated with a respective average reduction of 2.58%, 2.78% and 2.81% in the daily growth rate in weekly confirmed cases; requiring closing for some sectors or for all but essential workplaces with an average reduction of 1.51% and 1.78%; requiring closing of some school levels or all school levels with an average reduction of 1.12% or 1.65%; recommending mask wearing with an average reduction of 0.45%, requiring mask wearing country-wide in specific public spaces or in specific geographical areas within the country with an average reduction of 0.44%, requiring mask-wearing country-wide in all public places or all public places where social distancing is not possible with an average reduction of 0.96%; and number of tests per thousand population with an average reduction of 0.02% per unit increase. Between October and December 2020 work closing requirements and testing policy were significant predictors of the epidemic growth rate. These findings provide evidence to support policy decision-making regarding which NPIs to implement to control the spread of the COVID-19 pandemic.

scholarly journals Dealing fairly with trade imbalances in monetary unions

2021 ◽  
Vol 20 (1) ◽  
pp. 45-66
Author(s):  
Marco Meyer
Keyword(s):  
Economic Policy ◽  
Monetary Union ◽  
Trade Deficit ◽  
Current Situation ◽  
Institutional Arrangements ◽  
Monetary Unions ◽  
Member States ◽  
Trade Imbalances ◽  
Theories Of Justice ◽  
The Impact

Politicians around the globe wrangle about how to deal with trade imbalances. In the Eurozone, members running a trade deficit accuse members running a surplus of forcing them into deficit. Yet political philosophers have largely overlooked issues of justice related to trade imbalances. I address three such issues. First, what, if anything, is wrong with trade imbalances? I argue that in monetary unions, trade imbalances can lead to domination between member states. Second, who should bear the burden of rebalancing trade? I argue that surplus and deficit countries should share that burden. The current situation placing the burden squarely on deficit countries is unjust. Third, which institutional arrangements should monetary unions adopt to regulate trade balances? Monetary unions can either reduce trade imbalances within the monetary union, neutralise the impact of trade imbalances on the economic sovereignty of member states, or delegate economic policy affecting trade balances to a legitimate supranational institution. The Eurozone must adopt one of these options to prevent member states from domination. Which option protects members best against domination depends on what makes interference between members arbitrary, an unresolved question in republican theories of justice.

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