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In order to ensure the green supply chain management of the steel enterprise in china implemented effectively, a motivation contract was put forward to encourage the members of the supply chain to implement “green” reformation actively. The model based on principal-agent theory and contract theory was built to distinguish members who has really reformed, and analyze the effect of the contract on supply...
In this paper, hierarchical holographic modeling (HHM) is used to identify the risks in transport PPPs under the perspectives of contractual nature of PPPs, institution and cultural environment, and inadequate supervision. Then, we propose that the traditional financial audit approach can not effectively control risk on PPPs, and furthermore, we give an analytic framework of audit supervision for...
In China, private placement fund has a major impact on the operation of stock market. Due to the characteristics of private placement fund and the lack of legislation, there are a number of risk factors in the operating of private placement fund. This article introduces the operating state of private placement fund in China, and analyzes the characteristics of the risk. In the last part, on the basis...
China is in its flourishing period of government investment project at present. However, the utilization ratio of government investment is not very satisfying. The purpose of this paper is to create and analyze a feasible accountability system in order to ensure better performance of government investment projects. In this study, an accountability system is created on the basis of SCP paradigm. The...
This paper introduces the current situation of Energy Performance Contracting(EPC) in China and analyses the financing barriers ,such as the low participation of the government, the inadequate credit evaluation mechanisms ,the imperfect security system and so on, which hinder the development of ESCOs. The paper draws on the experience of the developed countries, and puts forward some suggestions for...
The supervision system was introduced into China in 1988, and during the 22 years, the supervision system has developed much well, and has done much contribution to the project construction and infrastructure construction. However, there is still a certain gap between the expected value of the clients and the service contents, phases, criterion that the company offers and the service effects come...
Real estate is a capital intensive industry, and the project financing is the most important to it. In China, the bank loan is the only financing channel, which endangers the national economy. The paper introduced trust loan as a new financing channel to the industry. The paper studied the financing of the Ploy International Plaza project to illustrate how trust loan can be an effective way to finance...
As the evolution of construction industry and construction management system goes further in our country, the production pattern and institution of the construction industry has undergone many. And the management system has formed, which is primarily based on the project management. In this paper, engineering project management pattern of domestic and overseas is discussed and disadvantages analyzed...
The outsourcing has actual economic significance as a new type of processing trade. China should seize the good opportunity of international service transfers currently, use the advantages of outsourcing of China, vigorously develop outsourcing and to attract more foreign investment. At present, some existing problems of the majority of enterprises are small-scale, management turmoil etc. we should...
Given that Beijing is the capital of China, its technology acquisition is of great importance to the technology transfer of the whole nation. This thesis has constructed an index assessment system for technology acquisition effect by the analysis to the features of the acquisition of Beijing. Moreover, it has also made an evaluation to the technology acquisition effect by the method of positive analysis...
The Agent Construction System (ACS) for government investment project is a primary solution for investment system reformation in China mainland. However, ACS has encountered some problems in its implementation. By analyzing the institutional issues in ACS and the contractual structure in Agent Construction Project (ACP), it identified Critical Governance Factors (CGFs) with project governance analysis...
The agency theory is the theoretical basis of this paper, which attempts to explain our dividend policy of listed companies, combining with transaction costs. Dividends lead to an increase in external financing, then add agency costs . This paper focuses on demonstrating the close relationship between agency problem and dividend policy of listed companies in Chinese according to theoretical and empirical...
Acting as the stimulus, amplifier and accelerator in current financial crisis, credit derivatives incur much criticism. After reviewing credit derivativespsila roles in the financial crisis, people are thinking, after the crisis, whether credit derivatives will be completely replaced, whether credit derivatives will be back to nature, and whether better supervision system thereof would be more in...
Rapidly growing motorization has led to high levels of traffic congestion and emissions and encouraged large Chinese metropolitan areas to invest in subway developments. The financial burden of these projects, however, far exceeds the availability of public funds. As a consequence, the Chinese government has started to allow lower tiers of government to experiment with Public Private Partnerships...
In China, project finance is still in an exploratory stage. Generally speaking, in practice as well as in literature there is a considerable gap between China and Western developed countries. Therefore, how to push forward and improve project finance in theory as an academic guidance needs urgent explorations. In the light of China's unique features, this paper, with the help of the game theory, has...
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