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The impacts of anti-takeover of public listed company on the target company, stockholders, managers and employees have two sides. To the target, anti-takeover can keep the target's independence, which benefit to long-term development of the target. While anti-takeover increases costs and expenses of the target, which make against current development of the target. To the shareholders of the target,...
"Labor Contractor" as a non-enterprise legal person, it has experienced a long historical period. For development of the construction industry in China, "Labor Contractor" played its historical role, but also buried potential problems for the healthy development of the construction industry. In this paper, it proposed solutions to "contractors" in response by analyzing...
In the marketing economy, the protection of the intellectual property rights is one of the basic functions of the government for developing domestic economy, coordinating the international political and economic relations, maintaining the market economy environment. In this paper, the DEA evaluation method and a broadly census was conducted to shed light to the relationship between the intellectual...
The tobacco smuggling not only prejudices the interests of the country and the tobacco enterprises, but also shakes the effect of the tobacco control convention. While the government suffers the tax losses, the tobacco enterprises are also the main victims of the smuggling. On basis of the common foundation and interests, Chinese tobacco enterprises and governmental law enforcement authorities may...
China is undergoing a transition from a planned economy to a market economy, where market forces start to set prices rather than a central planning organization, and a business valuation profession is being established to facilitate the process. In this paper, we examine how this process has come about, and its current practices as well as challenges it is facing.
Risk is a concern for any project whereas infrastructure energy projects are considered more sensitive. The complication of such projects is deepened by great deal of required capital, lots of interfaces and diversified stakeholders. While capital is of the essence, its provision could be done through 'project finance' or 'traditional finance'. The two streams of lending are elaborated while the prominence...
All over the world the topic of corporate social responsibility (CSR) is becoming more and more important. Currently, there are nine different sets of CSR evaluation criteria being used worldwide. As each of the different evaluation methods vary from one another, it is difficult to compare the results from two different tests in order to evaluate the CSR scores of one company against another. This...
In this paper, by introducing the concept of 'tolerance level of small shareholders', we analyse the large shareholders' private benefits from control power in dynamic equilibrium from a micro-angle. We identify the positive sides of the private benefits and provide the factors that affect the large shareholders' infringement behavior against the benefits, and the relations between them. What's more,...
Currently, private enterprise takes an important role in our national economy. However, under the driven force of "maximum profit", certain private enterprises throw away the social interests and neglect their social responsibility and thus a series of social problems come out with it. This paper mainly analyses several problems when the private enterprise takes the social responsibility...
With the SWOT analytical tool, the paper has analyzed the strengths and weaknesses in PFI mode and the opportunities and threats in the implementation of PFI financing in our urban infrastructures. The author puts forward a variety of countermeasures to promote PFI mode in our country and the achievement of this paper can be used for reference on how to introduce PFI to the construction of urban infrastructure.
Corporate social responsibility is the entity of business stakeholders in the economic responsibility, moral responsibility, legal responsibility and ecological responsibility, and corporate social responsibility disclosure of accounting information is the responsibility of corporate stakeholders' true reflection. In the framework of the traditional accounting system, this paper collect social responsibility...
The theory of the market for corporate control argues that management turnover can improve the firms' performance. Given the institutional background of concentrated ownership structure and weak investor protection in China, we conjecture that the top executives mainly cater to the controlling shareholder lacking of independence. Consequently, top management turnover plays a passive role in corporate...
Based on agency theory, this paper studied on the relationship between corporate governance structure and diversification strategy. Choosing 520 listed companies in Shanghai stock on December 31, 2009 as research samples, the paper did an empirical study on the impact of corporate governance structure on diversification strategy. The result showed that concentration of ownership, proportion of legal...
china promotes engineering guarantee system vigorously to standardize the construction market, performance the construction contract and realize the claims. And the market of engineering guarantee becomes active. This paper analyzes the implementation situation of china's engineering guarantee and the present situation of the market, and summarizes the problems of the engineering guarantee system...
Deeply influenced by the planning economic system, China's engineering consulting industry still lag behind the international norm, although the consulting concept has been introduced into mainland for about 20 years??DThe insufficient regulations and irrational enterprise system severely restrains the development of China's engineering consulting industry. After entering the WTO, China's consulting...
Under the circumstances of incomplete legal system of China, the equity governance characteristics have important influence on expropriation behavior of the controlling shareholder. This article examines the tunneling effect and relationship of equity governance, the result shows that: in China assets occupied, related guarantees and dividend distribution tunneling prevails in listed firms, which...
This paper analyzed the basis of construction and management of government investment projects theoretic, and summarized from developed countries and regions in their construction and management of government investment projects mature approach. Furthermore, on the basic of China's government investment projects in construction management for the pilot, proposed three basic management modes that suitable...
This paper develops a new Early Warning System (EWS) model for evaluating the identifying risk of listed companies' merger and acquisition, based on a fuzzy comprehensive evaluation method. The evaluation on the performance of the identifying risk of listed companies' merger and acquisition depends on more comprehensive analysis than economic evaluation. This paper introduces a fuzzy comprehensive...
This essay tries to summarize the doctrine of taxation by economic substance and appropriately define it in the principles of tax law by comparative analysis of its conception and the way it is used in practice. In addition, after referring to foreign laws and theories, reflecting on the legislative status quo of this doctrine in China, the essay puts forward my own suggestions on its reforming in...
The paper analyzes the current status of strategic petroleum reserve in China, discusses issues in SPR management system, obligations of reserve entities, funding channels and location selections, and finally proposes several policy suggestions on improving the SPR construction in China.
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