Assessing national governance modernization: Leveraging the ordered weighted geometric composition operator

IF 7.4 2区经济学 Q1 BUSINESS, FINANCE Finance Research Letters Pub Date : 2024-11-10 DOI:10.1016/j.frl.2024.106377

Shasha Jiang, Zixue Guo, Yuntong Zhang, Yunmei Zhang

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Abstract

The national governance modernization is an important part of Chinese-style modernization. It is of great importance to advance the modernization process by assessing the modernization level of national governance. In this paper, we propose a new method for assessing the national governance modernization using the ordered weighted geometric composition operator (OWGC). First, defining the OWGC by introducing the average operator. The application of the OWGC in measuring the national governance modernization is then demonstrated and the general measurement procedure is presented. Finally, empirical data are used to analyze the degree and regional differences in national governance modernization. The empirical results obtained by using the OWGC not only show uneven development between different provinces, but also reflect the development strengths and weaknesses of each region, which will help provide guidelines for improving the level of modernization and promoting coordinated regional development delivery.

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评估国家治理现代化：利用有序加权几何组成算子

国家治理现代化是中国式现代化的重要组成部分。通过评估国家治理现代化水平，对推进国家治理现代化进程具有重要意义。本文提出了一种利用有序加权几何组成算子（OWGC）评估国家治理现代化的新方法。首先，通过引入平均算子来定义 OWGC。然后，演示了 OWGC 在衡量国家治理现代化中的应用，并介绍了一般衡量程序。最后，利用经验数据分析国家治理现代化的程度和地区差异。利用 OWGC 得出的实证结果不仅显示了不同省份之间的发展不平衡，而且反映了各地区的发展优势和劣势，有助于为提高现代化水平、促进区域协调发展提供指导。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Finance Research Letters BUSINESS, FINANCE-

CiteScore

11.10

自引率

14.40%

发文量

863

期刊介绍： Finance Research Letters welcomes submissions across all areas of finance, aiming for rapid publication of significant new findings. The journal particularly encourages papers that provide insight into the replicability of established results, examine the cross-national applicability of previous findings, challenge existing methodologies, or demonstrate methodological contingencies. Papers are invited in the following areas: Actuarial studies Alternative investments Asset Pricing Bankruptcy and liquidation Banks and other Depository Institutions Behavioral and experimental finance Bibliometric and Scientometric studies of finance Capital budgeting and corporate investment Capital markets and accounting Capital structure and payout policy Commodities Contagion, crises and interdependence Corporate governance Credit and fixed income markets and instruments Derivatives Emerging markets Energy Finance and Energy Markets Financial Econometrics Financial History Financial intermediation and money markets Financial markets and marketplaces Financial Mathematics and Econophysics Financial Regulation and Law Forecasting Frontier market studies International Finance Market efficiency, event studies Mergers, acquisitions and the market for corporate control Micro Finance Institutions Microstructure Non-bank Financial Institutions Personal Finance Portfolio choice and investing Real estate finance and investing Risk SME, Family and Entrepreneurial Finance