MBO of Chinese State-Owned SMEs: Fate and the Way Out

2011 ◽  
Vol 268-270 ◽  
pp. 737-741
Author(s):  
Pin Xie
Keyword(s):  
Information Disclosure ◽  
Large Scale ◽  
The State ◽  
Cause Analysis ◽  
Management Level ◽  
Law System ◽  
Financing Channels ◽  
Inadequate Information ◽  
The Status ◽  
Countermeasures And Suggestions

While approval for MBO of large-scale enterprises has been suspended, MBO of the state-owned SMEs has set off a new round of MBO wave. Chinese primary state-owned and collective SMEs unify management rights and ownership through the implementation of MBO, with property rights being clear to the natural person of the management level and the reform being of certain spontaneity. However, the state-owned SMEs have such widespread problems as unperfected law system, narrow financing channels and inadequate information disclosure in the process of implementation. Based on the status, problems and cause analysis of implementation of MBO in Chines state-owned SMEs at this stage and aiming at the law, financing, pricing, information disclosure and other issues within, this paper puts forward countermeasures and suggestions related to further improving MBO of Chinese SMEs.

scholarly journals Study on the optimization path of SME financing services in the context of the epidemic

2021 ◽  
Vol 275 ◽  
pp. 01034
Author(s):  
Weijian Gu ◽  
Rui Zhou ◽  
Jingwen Yan
Keyword(s):  
Information Disclosure ◽  
Imperfect Information ◽  
Reference Value ◽  
Small Scale ◽  
Product Service ◽  
The Status ◽  
Banking Business ◽  
Punishment Mechanism ◽  
Countermeasures And Suggestions

The status of SMEs in the national economy has become increasingly prominent, but due to the factors like their small scale, imperfect information disclosure, the problem of financing difficulty and high financing has always restricted the health of SMEs in China. This report takes Wuhan as an example, which is the earliest affected by the COVID epidemic, starting from the new financing difficulties and the development of banking business of SMEs in Wuhan under the background of the epidemic, explores the methods to guide the three parties of banks, enterprises and governments to improve services, so as to better play the role of alleviating the new financing pressure of SMEs, and puts forward some suggestions, such as promoting the interaction of government and banks’ information, establishing an efficient punishment mechanism for enterprises’ dishonesty, and strengthening the supervision A series of countermeasures and suggestions, such as accurate product service innovation of fast financial institutions, guiding the docking of supply chain and bill financing platform. These suggestions have important reference significance and practical reference value for better adapting to the new characteristics of financing in the post epidemic era and alleviating the financing pressure of SMEs.

scholarly journals A study on branding of handicraft through Geographic indication with reference to Kashmir

2019 ◽  
Vol 7 (3) ◽  
pp. 14-17
Author(s):  
Ishfaq Hussain Bhat ◽  
Dr. Sapna Singh
Keyword(s):  
Large Scale ◽  
New Technology ◽  
Product Category ◽  
The State ◽  
Geographical Indication ◽  
Skilled Workers ◽  
Jammu And Kashmir ◽  
The Status ◽  
Premium Price ◽  
Important Position

Handicraft activities occupy an important position in the economic structure of J&K State. Being environment friendly, these activities are best suited to the state as they are more labour intensive and less capital intensive in nature, thus having scope for employment generation at a large scale. The Kashmir handicraft products have earned worldwide fame for their attractive designs, functional utility and high quality craftsmanship. However this sector has suffered a lot due to unorganized market Lack of skilled workers new technology and absence of brand image. So in order to improve the production and branding of handicraft Geographical Indication is needed. Geographical Indication (GI) identifies a good/product as originating in a particular region, where a particular quality of the good is attributable to its place of origin. GI will help Jammu and Kashmir producers differentiate the uniqueness of the products from similar competing products, establish brand and goodwill of local products, fetch premium price for such products, and increase sales/export by protecting reputation of the products. The essence of GIs is that specific geographic locations yield product qualities that cannot be replicated elsewhere. GI-registered product is produced using the GI technology. The purpose of this paper is to investigate the status of the geographical indication in the state of Jammu and Kashmir as well as its prospect. The state has so far brought six of its ethnic and region specific products under geographical indication. All of these products belong to only one product category i.e. Handicrafts. The state has huge panorama of using geographical indication for its unique and famous ethnic and region specific products. However, lack of knowledge about intellectual property rights is not giving proper value and recognition to the geographical indication in the state.

THE LEGAL REGULATION OF E-GOVERNMENT FORMATION

2021 ◽  
Vol 65 (04) ◽  
pp. 219-222
Author(s):  
Elmira Elmar Hashimova ◽  
Keyword(s):  
Information And Communication Technologies ◽  
Large Scale ◽  
Legal Regulation ◽  
The State ◽  
State Agency ◽  
Cultural Changes ◽  
Regulatory Frameworks ◽  
Wide Range ◽  
The Status ◽  
Government Portal

Analyzing the interaction between e-government and citizens in Azerbaijan, it is possible to observe large-scale socio-cultural changes in the lives of the population under the influence of the information society. Although the principles announced at the beginning of the e-government path were far from the real situation, later regulatory frameworks were established, multifunctional centers were established, various e-government regulations for development and implementation, integration of state information systems to develop and expand domestic and international cooperation. Involvement of the population in management processes and cooperation with the state with the help of information and communication technologies began to create a wide range of opportunities. The article examines the legal basis for the formation of e-government, reflects the status of e-government, e-signatures, e-services provided to citizens by the State Agency for Citizen Services and Social Innovations. Key words: e-signature, research concepts, decree, electronic document, state agency, state program, e-government portal

CHALLENGE OF RUBBER/GRAPHENE COMPOSITES AIMING AT REAL APPLICATIONS

2017 ◽  
Vol 90 (2) ◽  
pp. 225-237 ◽  
Author(s):  
Zhijun Yang ◽  
Baochun Guo ◽  
Liqun Zhang
Keyword(s):  
High Performance ◽  
Large Scale ◽  
State Of The Art ◽  
The State ◽  
Rubber Composites ◽  
The Status

ABSTRACT Graphene has attracted a great deal of interest in recent years, illustrated by its potential in a variety of areas in physics, chemistry, and engineering. Specifically, graphene has opened up exciting possibilities for high-performance and functional rubber composites. Although copious literature deals with the fascinating properties related to graphene, its real (large scale) applications in rubber-based composites have not been approached. We discuss the state of the art in development in processing and the status in understanding of structure/performance relationships. Accordingly, the prospectives and challenges of some real applications of graphene-based rubber composites such as tires and sensors are surveyed and discussed.

Information Transparency in Business-to-Business Auction Markets: The Role of Winner Identity Disclosure

2019 ◽  
Vol 65 (9) ◽  
pp. 4261-4279
Author(s):  
Yixin Lu ◽  
Alok Gupta ◽  
Wolfgang Ketter ◽  
Eric van Heck
Keyword(s):  
Information Disclosure ◽  
Large Scale ◽  
Underlying Mechanism ◽  
Auction Markets ◽  
Information Transparency ◽  
Auction Market ◽  
Identity Disclosure ◽  
The Status ◽  
Large Scale Field ◽  
Business To Business

One of the central issues in auction design is how much information should be disclosed to bidders. In this paper, we examine bidder's identity disclosure in sequential business-to-business (B2B) auctions. Specifically, we compare two information disclosure policies, one that publicly discloses winners’ identities (the status quo) and an alternative policy that conceals winners’ identities. Using a large-scale field experiment in the Dutch flower auction market, we find that concealing winners’ identities can significantly increase the average winning price and thereby raise the seller’s revenue. We further explore the underlying mechanism that drives the observed effect. The empirical analysis of bidding behavior in these auctions suggests that bidders tend to imitate some of their competitors who have won in previous rounds of auctions and shade their bids accordingly. Concealing winners’ identities can disrupt such imitation heuristic, which in turn mitigates the price-declining trend in sequential rounds. Our findings have important implications for the design of information disclosure policies in B2B auction markets. This paper was accepted by Chris Forman, information systems.

scholarly journals THE BEGINNING OF A LARGE-SCALE POLITICAL REFORM IN RUSSIA: A NEW TURN IN 2020

2020 ◽  
Vol 4 (1) ◽  
pp. 14-20
Author(s):  
Inna A. Vetrenko
Keyword(s):  
Russian Federation ◽  
Large Scale ◽  
Presidential Address ◽  
Political Reform ◽  
The State ◽  
Negative Consequences ◽  
Residence Permit ◽  
Prime Ministers ◽  
The Status ◽  
The Russian Federation

The subject. The article is devoted to the analysis of the draft political and constitutional reform that was announced in the last Presidential Address to the Federal Assembly at January 15, 2020. The purpose of the article is to try to predict the positive and negative consequences of changing the legal status of the highest Russian authorities. The methodology of the study includes analysis and interpretation of Presidential Ad-dresses to the Federal Assembly and Russian Constitution as well as dialectical approach and methods of political science. The main results and scope of their application. For a long time there was a clear request for changes in the government, and various expert platforms discussed issues related to changing the Constitution of the Russian Federation, which was adopted at a national referendum in December 1993. On January 15, 2020, Vladimir Putin addressed his 16th message to the Parliament. In ac-cordance with the Constitution, the President of Russia annually addresses the Federal Assembly with a message on the situation in the country and on the main directions of domestic and foreign policy. The last address turned out to be a landmark and historical one, as it announced the main provisions of the upcoming large-scale political and consti-tutional reform in Russia. Heads of constituent entities, members of the State Duma and the Federation Council, Prime Minister and Deputy Prime Ministers, Federal Ministers, heads of Fed- eral bodies, judges will no longer be able to have foreign citizenship or a foreign resi-dence permit. He proposed even more stringent requirements for a candidate for the post of President: no foreign citizenship or residence permit even in the past, as well as per-manent residence in Russia for at least 25 years. The position of the State Council is being strengthened and it is reflected in the Constitution of the Russian Federation as an insti-tution of power in the country. The position of the Federal Assembly is strengthened by the fact that the Parliament is given the right to approve the candidacy of the Prime Min-ister, as well as all Deputy Prime Ministers and Federal Ministers. The status of local self-government and the role of governors in the regions is being raised. The main reason for the reform is the desire to reduce the powers of the President and transfer part of them to the Parliament, so that the next President is no longer endowed with virtually absolute power, and, in turn, can not initiate another reform without the approval of all branches of government. The author of the article identifies the reasons for the political reform and gives forecasts for the future after its implementation. Conclusions. The author links these changes to the upcoming transfer of presidential power after 2024. The reform does not mean the transition of the Russian Federation to a parliamentary republic, since the head of state retains the status of a key figure in the po-litical system, and it is he who has concentrated key functions. Fixing a number of social obligations in the Constitution in terms of salaries and pensions will not have a significant impact on the socio-economic situation.

Is economic inequality a universal evil?

2019 ◽  
pp. 91-106 ◽  
Author(s):  
Rostislav I. Kapeliushnikov
Keyword(s):  
Quantitative Data ◽  
Large Scale ◽  
Economic Inequality ◽  
The State ◽  
Fair Play ◽  
Left Wing ◽  
Ordinary People ◽  
The Public ◽  
Discursive Power ◽  
A Current

Using published estimates of inequality for two countries (Russia and USA) the paper demonstrates that inequality measuring still remains in the state of “statistical cacophony”. Under this condition, it seems at least untimely to pass categorical normative judgments and offer radical political advice for governments. Moreover, the mere practice to draw normative conclusions from quantitative data is ethically invalid since ordinary people (non-intellectuals) tend to evaluate wealth and incomes as admissible or inadmissible not on the basis of their size but basing on whether they were obtained under observance or violations of the rules of “fair play”. The paper concludes that a current large-scale ideological campaign of “struggle against inequality” has been unleashed by left-wing intellectuals in order to strengthen even more their discursive power over the public.

OPERATIONAL STATE OF BRIDGES OF UKRAINE

2019 ◽  
pp. 57-68
Author(s):  
Larysa Bodnar ◽  
Petro Koval ◽  
Sergii Stepanov ◽  
Liudmyla Panibratets
Keyword(s):  
Management System ◽  
The State ◽  
Operating Conditions ◽  
Bridge Management ◽  
Bridge Management System ◽  
Program Complex ◽  
Operating Condition ◽  
Software Complex ◽  
Automatic Mode ◽  
The Status

A significant part of Ukrainian bridges on public roads is operated for more than 30 years (94 %). At the same time, the traffic volume and the weight of vehicles has increased significantly. Insufficient level of bridges maintenance funding leads to the deterioration of their technical state. The ways to ensure reliable and safe operation of bridges are considered. The procedure for determining the predicted operational status of the elements and the bridge in general, which has a scientific novelty, is proposed. In the software complex, Analytical Expert Bridges Management System (AESUM), is a function that allows tracking the changes in the operational status of bridges both in Ukraine and in each region separately. The given algorithm of the procedure for determining the predicted state of the bridge using a degradation model is described using the Nassie-Schneidermann diagram. The model of the degradation of the bridge performance which is adopted in Ukraine as a normative one, and the algorithm for its adaptation to the AESUM program complex with the function to ensure the probabilistic predicted operating condition of the bridges in the automatic mode is presented. This makes it possible, even in case of unsatisfactory performance of surveys, to have the predicted lifetime of bridges at the required time. For each bridge element it is possible to determine the residual time of operation that will allow predict the state of the elements of the structure for a certain period of time in the future. Significant interest for specialists calls for the approaches to the development of orientated perspective plans for bridge inspection and monitoring of changes in the operational status of bridges for 2009-2018 in Ukraine. For the analysis of the state of the bridge economy, the information is available on the distribution of bridges by operating state related to the administrative significance of roads, by road categories and by materials of the structures. Determining the operating state of the bridge is an important condition for making the qualified decisions as regards its maintenance. The Analytical Expert Bridges Management System (AESUM) which is implemented in Ukraine, stores the data on the monitoring the status of bridges and performs the necessary procedures to maintain them in a reliable and safe operating condition. An important result of the work is the ability to determine the distribution of bridges on the public roads of Ukraine, according to operating conditions established in the program complex of AESUM, which is presented in accordance with the data of the current year. In conditions of limited funding and in case of unsatisfactory performance of surveys, it is possible to make the reasonable management decisions regarding the repair and the reconstruction of bridges. Keywords: bridge management system, operating condition, predicted operating condition, model of degradation, bridge survey plan, highway bridge.

Varied Responses to Human-Induced Seismicity in the City of Azle, Texas

2019 ◽  
Vol 3 (1) ◽  
pp. 1-8
Author(s):  
Sarmistha R. Majumdar
Keyword(s):  
State Government ◽  
Induced Seismicity ◽  
Oil And Gas ◽  
The United States ◽  
The State ◽  
Prior History ◽  
Small Community ◽  
Regulatory Policies ◽  
The Status

Fracking has helped to usher in an era of energy abundance in the United States. This advanced drilling procedure has helped the nation to attain the status of the largest producer of crude oil and natural gas in the world, but some of its negative externalities, such as human-induced seismicity, can no longer be ignored. The occurrence of earthquakes in communities located at proximity to disposal wells with no prior history of seismicity has shocked residents and have caused damages to properties. It has evoked individuals’ resentment against the practice of injection of fracking’s wastewater under pressure into underground disposal wells. Though the oil and gas companies have denied the existence of a link between such a practice and earthquakes and the local and state governments have delayed their responses to the unforeseen seismic events, the issue has gained in prominence among researchers, affected community residents, and the media. This case study has offered a glimpse into the varied responses of stakeholders to human-induced seismicity in a small city in the state of Texas. It is evident from this case study that although individuals’ complaints and protests from a small community may not be successful in bringing about statewide changes in regulatory policies on disposal of fracking’s wastewater, they can add to the public pressure on the state government to do something to address the problem in a state that supports fracking.

Hukum Denda dalam Keuangan Publik Islam di Indonesia

2018 ◽  
Vol 12 (2) ◽  
pp. 313-328
Author(s):  
Fathul Aminudin Aziz
Keyword(s):  
Islamic Law ◽  
The State ◽  
Mutual Benefit ◽  
State Budget ◽  
The People ◽  
The Status ◽  
The Government

Fines are sanctions or punishments that are applied in the form of the obligation to pay a sum of money imposed on the denial of a number of agreements previously agreed upon. There is debate over the status of fines in Islamic law. Some argue that fines may not be used, and some argue that they may be used. In the context of fines for delays in payment of taxes, in fiqh law it can be analogous to ta'zir bi al-tamlīk (punishment for ownership). This can be justified if the tax obligations have met the requirements. Whereas according to Islamic teachings, fines can be categorized as acts in order to obey government orders as taught in the hadith, and in order to contribute to the realization of mutual benefit in the life of the state. As for the amount of the fine, the government cannot arbitrarily determine fines that are too large to burden the people. Penalties are applied as a message of reprimand and as a means to cover the lack of the state budget.

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