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Capital structure, stock exchanges in Chile: 2007 to 2016 资本结构,智利证券交易所:2007 - 2016
IF 2.4 Q1 Economics, Econometrics and Finance Pub Date : 2021-11-30 DOI: 10.1108/jefas-10-2020-0328
M. R. Henrique, Sandro Braz Silva, Antonio Saporito
PurposeThe article consists of analyzing the behavior of the determinants of the capital structure of Chilean companies between 2007 and 2016. The objective of this study was achieved through a typology of research based on bibliographic, documentary, exploratory and explanatory, considering annual financial reports from Economática in the chosen period.Design/methodology/approachAs this is a research study with a quantitative approach, the statistical tools used were descriptive analysis, Pearson correlation, variance inflation factor (VIF) and panel regression.FindingsThe results show that Chilean companies (240) have higher and costly long-term debt. These companies have high averages in current liquidity, return to shareholders, growth in sales and assets and market-to-book (MTB). Long-term debt was highlighted with an explanatory power of 85%. Current liquidity was highlighted as being significant in most of the indebtedness proposed in the survey, failing to register brands like this in expensive short-term and long-term indebtedness. It is noticed that flip flops companies are more prone to the pecking order theory (POT). The gap occupied by this study is linked to research involving South American countries, especially the Chilean market, and the determinants of the capital structure.Originality/valueAs future research, it is suggested to include other types of variables related to indebtedness and the same action for its determinants, in addition to the speed technique of adjusting corporate debts.
本文分析了2007年至2016年智利公司资本结构决定因素的行为。本研究的目的是通过基于书目、文献、探索性和解释性的研究类型学来实现的,并考虑了Economática在选定时期的年度财务报告。设计/方法/方法这是一项采用定量方法的研究,使用的统计工具是描述性分析、Pearson相关性、方差膨胀因子(VIF)和面板回归。结果显示,智利公司(240家)的长期债务更高,成本更高。这些公司在当前流动性、股东回报、销售和资产增长以及市净率(MTB)方面的平均水平都很高。长期债务被强调,其解释力为85%。在调查中提出的大多数负债中,当前流动性被强调为重要因素,而在昂贵的短期和长期负债中,这类品牌没有被纳入考虑范围。值得注意的是,人字拖公司更倾向于啄食顺序理论(POT)。这项研究所占的差距与涉及南美国家的研究有关,特别是智利市场,以及资本结构的决定因素。原创性/价值在未来的研究中,除了调整公司债务的速度技术外,建议包括与债务有关的其他类型的变量及其决定因素的相同行动。
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引用次数: 0
Value-at-risk predictive performance: a comparison between the CaViaR and GARCH models for the MILA and ASEAN-5 stock markets 风险价值预测绩效:MILA和东盟五国股票市场的CaViaR和GARCH模型的比较
IF 2.4 Q1 Economics, Econometrics and Finance Pub Date : 2021-11-24 DOI: 10.1108/jefas-03-2021-0009
Ramona Serrano Bautista, José Antonio Núñez Mora
PurposeThis paper tests the accuracies of the models that predict the Value-at-Risk (VaR) for the Market Integrated Latin America (MILA) and Association of Southeast Asian Nations (ASEAN) emerging stock markets during crisis periods.Design/methodology/approachMany VaR estimation models have been presented in the literature. In this paper, the VaR is estimated using the Generalized Autoregressive Conditional Heteroskedasticity, EGARCH and GJR-GARCH models under normal, skewed-normal, Student-t and skewed-Student-t distributional assumptions and compared with the predictive performance of the Conditional Autoregressive Value-at-Risk (CaViaR) considering the four alternative specifications proposed by Engle and Manganelli (2004).FindingsThe results support the robustness of the CaViaR model in out-sample VaR forecasting for the MILA and ASEAN-5 emerging stock markets in crisis periods. This evidence is based on the results of the backtesting approach that analyzed the predictive performance of the models according to their accuracy.Originality/valueAn important issue in market risk is the inaccurate estimation of risk since different VaR models lead to different risk measures, which means that there is not yet an accepted method for all situations and markets. In particular, quantifying and forecasting the risk for the MILA and ASEAN-5 stock markets is crucial for evaluating global market risk since the MILA is the biggest stock exchange in Latin America and the ASEAN region accounted for 11% of the total global foreign direct investment inflows in 2014. Furthermore, according to the Asian Development Bank, this region is projected to average 7% annual growth by 2025.
目的本文检验了市场一体化拉丁美洲(MILA)和东南亚国家联盟(ASEAN)新兴股票市场在危机时期的风险价值(VaR)预测模型的准确性。设计/方法/方法文献中提出了许多VaR估计模型。本文使用广义自回归条件异方差、EGARCH和GJR-GARCH模型在正态、偏态-正态、学生-t和偏态-学生-t分布假设下估计VaR,并与考虑Engle和Manganelli(2004)提出的四种替代规范的条件自回归风险值(CaViaR)的预测性能进行比较。研究结果支持了CaViaR模型在预测MILA和东盟五国新兴股市危机时期的样本外VaR时的稳健性。这一证据是基于回溯测试方法的结果,该方法根据模型的准确性分析了模型的预测性能。市场风险中的一个重要问题是对风险的不准确估计,因为不同的VaR模型导致不同的风险度量,这意味着还没有一种适用于所有情况和市场的公认方法。特别是,量化和预测MILA和东盟五国股票市场的风险对于评估全球市场风险至关重要,因为MILA是拉丁美洲最大的证券交易所,东盟地区占2014年全球外国直接投资流入总额的11%。此外,根据亚洲开发银行(Asian Development Bank)的数据,预计到2025年,该地区的年均增长率将达到7%。
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引用次数: 2
Do public and internal debt cause income inequality? Evidence from Kenya 公共债务和内部债务会导致收入不平等吗?来自肯尼亚的证据
IF 2.4 Q1 Economics, Econometrics and Finance Pub Date : 2021-11-23 DOI: 10.1108/jefas-05-2021-0049
Wilkista Lore Obi̇ero, Seher Gülşah Topuz
PurposeThis study aims to determine whether there is an effect of internal and public debt on income inequality in Kenya for the period 1970–2018.Design/methodology/approachThe relationship is examined by using the Autoregressive Distributed Lag (ARDL) model by Pesaran et al. (2001) and Toda Yamamoto causality by Toda and Yamamoto (1995).FindingsOur findings suggest that both internal and public debt harm inequality in Kenya in the long term. Furthermore, a one-way causality from internal debt to income inequality is also obtained while no causality relationship is found to exist between public debt and income inequality. Based on these findings, the study recommends that to reduce income inequality levels in Kenya, other methods of financing other than debt financing should be preferred because debt financing is not pro-poor.Originality/valueThis study is unique based on the fact that no previous paper has analysed the debt and inequality relationship in Kenya. To the best of our knowledge, this will be the first study to analyse the applicability of redistribution effect of debt in Kenya. The study is also different in that it provides separate analysis for public debt and internal debt on their effects on income inequality.
本研究旨在确定1970-2018年期间肯尼亚的内部和公共债务是否对收入不平等产生影响。设计/方法/方法使用Pesaran等人(2001)的自回归分布滞后(ARDL)模型和Toda和Yamamoto(1995)的Toda Yamamoto因果关系来检验这种关系。研究结果表明,从长远来看,国内债务和公共债务都会损害肯尼亚的不平等。此外,内部债务与收入不平等之间也存在单向因果关系,而公共债务与收入不平等之间不存在因果关系。根据这些发现,该研究建议,为了减少肯尼亚的收入不平等水平,应优先采用债务融资以外的其他融资方式,因为债务融资不利于穷人。原创性/价值这项研究是独一无二的,因为以前没有论文分析过肯尼亚的债务和不平等关系。据我们所知,这将是分析肯尼亚债务再分配效应的适用性的第一项研究。这项研究的不同之处在于,它对公共债务和内部债务对收入不平等的影响进行了单独分析。
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引用次数: 5
The impact of customer performance on IMC outcomes: firm size moderation in the inter-country context 顾客绩效对整合营销管理结果的影响:跨国背景下的企业规模调节
IF 2.4 Q1 Economics, Econometrics and Finance Pub Date : 2021-11-19 DOI: 10.1108/jefas-10-2021-0207
Vera Butkouskaya, Joan Llonch-Andreu, María-del-Carmen Alarcón-del-Amo
PurposeTaking the customer-centric nature of integrated marketing communications (IMC), this article investigates the specific role of customer performance in IMC effectiveness in various size companies applying inter-country context.Design/methodology/approachThe sample consists of the primary data from developed (Spain) and developing (Belarus) economies. A total of 540 manager respondents participated in the survey. The article uses structural equation modeling and multi-group analysis for analysis.FindingsWhen taking into consideration, customer performance affects the IMC outcome on the market and financial performance. The customer performance role varies in firms of various sizes and small- and medium -sized enterprises (SMEs) operating both in developed and developing economies.Research limitations/implicationsThe research underlines the significant role of customer performance in IMC implementation, which stimulates further investigation on the topic. It also closes the gap in the IMC outcomes analysis in SMEs operating in developed and developing economies.Practical implicationsCustomer evaluation plays a vital role in the IMC outcomes for market growth and financial returns. SMEs and larger companies implement IMC with different levels of effectiveness. SMEs with IMC implementation can gain an advantage over larger rivals and improve their market position. Moreover, the study generalizes the results by applying inter-country context.Originality/valueThis is a pioneering study of the complex IMC outcomes model under firms' size moderate conditions. The research applies an inter-country context.
考虑到整合营销传播(IMC)以客户为中心的本质,本文在跨国背景下研究了不同规模公司的客户绩效在整合营销传播有效性中的具体作用。样本包括来自发达经济体(西班牙)和发展中经济体(白俄罗斯)的主要数据。共有540名经理参与了调查。本文采用结构方程模型和多群分析法进行分析。当考虑到这一点时,顾客绩效会影响市场整合营销的结果和财务绩效。在发达经济体和发展中经济体经营的各种规模的公司和中小型企业(sme)中,客户绩效的作用各不相同。研究的局限性/启示本研究强调了顾客绩效在整合营销控制实施中的重要作用,这激发了对该主题的进一步研究。它还缩小了在发达经济体和发展中经济体经营的中小企业的整合营销营销结果分析方面的差距。客户评价对市场增长和财务回报的整合营销管理结果起着至关重要的作用。中小企业和大公司实施整合营销控制的效果不同。实施整合营销控制的中小企业可以获得相对于大型竞争对手的优势,并提高其市场地位。此外,该研究通过应用国家间的背景来概括结果。原创性/价值这是对企业规模中等条件下复杂整合营销控制结果模型的开创性研究。这项研究适用于国家间的背景。
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引用次数: 7
Financial Health of Women: A Poisson Regression Analysis Approach 女性财务健康:泊松回归分析方法
IF 2.4 Q1 Economics, Econometrics and Finance Pub Date : 2021-11-17 DOI: 10.12691/jfe-9-6-1
Davis Bundi Ntwiga, Arthur Wanyonyi Wafula
Financial health of women is crucial as it enables them manage their financial commitments, respond to short-term financial shocks and be financially resilience. There is a marked difference between the financial health or wellbeing of women living in rural and urban areas. This study analyzes the factors that influence the financial health of women in rural and urban areas in Kenya using the Poisson regression model. The study data is based on the FinAccess survey of 2019 conducted by Central Bank of Kenya, Financial Sector Deepening Kenya and the Kenya National Bureau of Statistics. A comparison is made between the key factors influencing the financial health of the women based on area of residence. The presence of overdispersion in the data meant the use of quasipoisson instead of poisson model in the data analysis. The findings is that women in urban areas are more financially healthy than those in rural areas. The risk coping, age, invest score, ability to manage day to day, vulnerability, area of residence, widowed as a marital status and completed university are significant in influencing financial health of the women.
妇女的财务健康至关重要,因为这使她们能够管理自己的财务承诺,应对短期财务冲击,并在财务上具有复原力。生活在农村和城市地区的妇女在财务健康或福利方面存在显著差异。本研究使用泊松回归模型分析了影响肯尼亚农村和城市地区妇女财务健康的因素。该研究数据基于肯尼亚中央银行、深化肯尼亚金融部门和肯尼亚国家统计局进行的2019年FinAccess调查。根据居住地区对影响妇女财务健康的关键因素进行了比较。数据中过度分散的存在意味着在数据分析中使用准泊松模型而不是泊松模型。研究发现,城市地区的妇女比农村地区的妇女经济状况更健康。风险应对、年龄、投资得分、日常管理能力、脆弱性、居住地区、丧偶婚姻状况和大学毕业程度对妇女的财务健康有显著影响。
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引用次数: 0
How does Affordable Housing Supply Affect Commercial Housing Prices:Crowd out Supply or Divert Demand? 经济适用房供应如何影响商品住宅价格:挤出供应还是转移需求?
IF 2.4 Q1 Economics, Econometrics and Finance Pub Date : 2021-11-03 DOI: 10.16538/J.CNKI.JFE.20210813.401
Zou Xu, Ma Xianlei, S. Xiaoping
Since the housing system reform in 1998, China’s commercial housing prices have risen rapidly, and far exceeded the affordability of commonality. In order to solve the housing problems of middle and low income families, China launched the construction of affordable housing, which has greatly improved people’s livelihood and social welfare. The impact of affordable housing supply on the real estate market is also related to the interests of social groups. How to understand the relationship between the two types of housing has become an important reference for building an internally coordinated and efficient housing supply system.Combined with China’s special housing security and land system, this study theoretically analyzes the possible impact of affordable housing supply on the commercial housing market by constructing the equilibrium model of supply and demand. Based on the panel data of 248 prefecture-level cities in China from 2007 to 2016, the FEM and IV models are used to test the theoretical hypothesis, and the mechanism and heterogeneity are further discussed.The results show that: In the statistical sense, we find that affordable housing crowds out commercial housing supply through the competitive allocation of land, but it cannot replace demand in the segmented housing market, which eventually raises housing prices. Furthermore, the crowding-out effect is more obvious in the regions with low land financial dependence. But the economic meaning of empirical results is weak, and the crowding-out effect and the impact of housing prices can be ignored. This means that the supply of affordable housing basically does not harm the welfare of other groups.In general, this study has strong policy implications. On the one hand, China should establish multi-agent supply channels. Collective construction land and idle land owned by enterprises can be used to build affordable housing to ensure the independence of the land supply mechanism. On the other hand, some cities can gradually relax the access restrictions on affordable housing according to the actual situation. They can provide talent housing for college graduates and professional and technical personnel, and provide affordable rental housing for urban “new citizens” and migrant workers, so as to effectively divert the demand for commercial housing and stabilize the price of commercial housing.
自1998年住房制度改革以来,中国商品房价格迅速上涨,远远超出了普通民众的承受能力。为了解决中低收入家庭的住房问题,中国启动了经济适用房建设,极大地改善了民生和社会福利。保障房供给对房地产市场的影响,也关系到社会群体的利益。如何认识这两类住房之间的关系,成为构建内部协调、高效的住房供应体系的重要参考。本研究结合中国特殊的住房保障和土地制度,通过构建供需均衡模型,从理论上分析经济适用房供给对商品房市场可能产生的影响。基于2007 - 2016年中国248个地级市的面板数据,采用FEM和IV模型对理论假设进行检验,并进一步探讨其作用机制和异质性。结果表明:在统计意义上,我们发现保障性住房通过土地竞争配置挤占了商品房供应,但不能替代细分住房市场的需求,最终推高了房价。此外,在土地财政依存度较低的地区,挤出效应更为明显。但实证结果的经济意义较弱,挤出效应和房价的影响可以忽略不计。这意味着经济适用房的供应基本上不会损害其他群体的福利。总的来说,这项研究具有很强的政策意义。一方面,中国应该建立多代理的供应渠道。集体建设用地和企业拥有的闲置土地可以用于建设经济适用房,以确保土地供应机制的独立性。另一方面,一些城市可以根据实际情况逐步放宽经济适用房的准入限制。可以为高校毕业生和专业技术人员提供人才住房,为城市“新市民”和农民工提供经济适用的租赁住房,从而有效分流商品住房需求,稳定商品住房价格。
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引用次数: 2
A Research on the Different Financing Models of Long-term Care Insurance in China 中国长期护理保险不同融资模式研究
IF 2.4 Q1 Economics, Econometrics and Finance Pub Date : 2021-11-03 DOI: 10.16538/J.CNKI.JFE.20210825.102
T. Wei, Su Fang
Establishing a long-term care insurance (LTCI) system covering the whole people and balancing urban and rural areas is an important strategic plan for China to deal with the aging and disability of the population. Since the establishment of the LTCI system at the national level in 2016, China has 49 pilot areas for LTCI by 2020. Each pilot area is seriously fragmented, and the financing model of LTCI has not yet been finalized. So what is the financing model of LTCI that suits China’s national conditions? In addition, different financing models have their own advantages and disadvantages. The optimal financing model may depend on economic, social and demographic factors. Since the fund funded system does not have the function of mutual assistance in social insurance, this paper limits the financing model of LTCI between the pay-as-you-go system and the mixed system. Which one is optimal for the long-term sustainable development of China’s LTCI? Starting from the evolutionary law of the health status of elderly individuals, this paper explores the operation of China’s LTCI system under different financing models.This paper uses multi-period micro-tracking survey data, through the continuous time homogeneous Markov process and the generalized linear model, to describe the movement law of the health status transition of the elderly in China, and combines the seven census data and the age shift algorithm to calculate the size and structure of the disabled elderly population from 2020 to 2040. Further, based on the social insurance actuarial balance theory, a dynamic actuarial model under the pay-as-you-go system and three mixed systems is constructed to simulate the equilibrium premium rate and payment amount of LTCI for urban employees and urban and rural residents in the next 20 years. The study finds that, in terms of the size of disabled population, the female elderly are the main body of disabled population; the scale of disabled population in urban areas is significantly higher than that in rural areas. The main reason is that rural-urban migration has made urban elderly population larger, and the urban disability rate is higher than that in rural areas. In addition, in terms of funding pressure, the study shows that at any time and under any financing model, the relative payment pressure of LTCI for urban employees is significantly lower than that of urban and rural residents, but the absolute payment pressure is slightly higher than that of urban and rural residents. Finally, in terms of the selection of financing models, this paper believes that LTCI for urban employees should adopt a mixed system, and LTCI for urban and rural residents should adopt a pay-as-you-go system.The contribution of this paper is mainly reflected in two aspects: First, at the level of empirical research, it combines macro and micro data to describe the evolution of the health status of the elderly from the micro level, predicts the size of disabled population in Chi
建立覆盖全民、城乡均衡的长期护理保险制度,是中国应对人口老龄化和残疾问题的重要战略部署。自2016年在国家层面建立长期信托基金制度以来,到2020年,中国将有49个长期信托基金试点地区。各试点地区碎片化严重,LTCI融资模式尚未最终确定。那么,适合中国国情的LTCI融资模式是什么呢?此外,不同的融资模式各有利弊。最优融资模式可能取决于经济、社会和人口因素。由于基金资助制度在社会保险中不具备互助功能,本文将LTCI的融资模式限定在现收现付制和混合制之间。哪一种才是中国LTCI长期可持续发展的最佳选择?本文从老年人健康状况的演化规律出发,探讨了不同融资模式下中国LTCI体系的运行。本文利用多周期微跟踪调查数据,通过连续时间齐次马尔可夫过程和广义线性模型,描述了中国老年人健康状态转变的运动规律,并结合七次人口普查数据和年龄转移算法,计算了2020 - 2040年中国残疾老年人口的规模和结构。进一步,基于社会保险精算平衡理论,构建现收现付制度和三种混合制度下的动态精算模型,模拟未来20年城镇职工和城乡居民LTCI的均衡费率和缴费金额。研究发现,从残疾人口规模来看,女性老年人是残疾人口的主体;城镇残疾人口规模明显高于农村。主要原因是城乡人口迁移导致城市老年人口增多,城市残疾率高于农村。此外,在资金压力方面,研究表明,在任何时间、任何融资模式下,城镇职工LTCI的相对支付压力明显低于城乡居民,但绝对支付压力略高于城乡居民。最后,在融资模式的选择上,本文认为针对城镇职工的LTCI应采取混合制,针对城乡居民的LTCI应采取现收现付制。本文的贡献主要体现在两个方面:一是在实证研究层面,结合宏观和微观数据,从微观层面描述了老年人健康状况的演变,从宏观层面预测了中国残疾人口的规模,最终建立了覆盖全人口的LTCI体系。这不仅深化了对个体健康的研究,也丰富了社会保险精算领域的研究成果。其次,在政策层面,根据研究结果,提出了针对城镇职工和城乡居民LTCI的最优融资模式。该最优模型可以减轻融资主体的支付负担,增强LTCI系统的稳定性。这对中国LTCI体系的工作重点和进一步推广具有重要的现实意义。
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引用次数: 0
Can Regional Market Integration Improve the Capacity Utilization of Enterprises 区域市场一体化能否提高企业产能利用率
IF 2.4 Q1 Economics, Econometrics and Finance Pub Date : 2021-11-03 DOI: 10.16538/J.CNKI.JFE.20210813.301
Bian Yuanchao, B. Junhong
For Chinese enterprises, which are in a situation of great change that has not been seen in a century, improving capacity utilization is not only an important way to enhance sustainable viability and comprehensive competitiveness, but also the key to optimize the allocation of social resources and improve economic resilience. Especially in recent years, governments have continuously deepened the supply-side structural reform, promoted the “three removal, one reduction and one compensation”, and regarded the “removal of production capacity” as one of the important tasks to achieve high-quality economic development. However, the overcapacity of Chinese enterprises has not been fundamentally solved, which has become a deep-seated problem hindering the sustainable development of China’s economy. Therefore, identifying the key factors affecting the improvement of capacity utilization of Chinese enterprises and exploring the path of optimizing enterprise capacity decision-making are still an important issue worthy of attention.In recent years, accelerating the regional coordinated development and building a unified domestic market have gradually attracted extensive attention. Governments have successively issued a variety of measures to eliminate local protectionism and market segmentation to promote regional market integration. At the same time, they have accelerated the construction of transportation infrastructure such as high-speed railway and improved the interconnection between different regions. China’s domestic market is undergoing an important transformation from segmentation and fragmentation to integration. In the continuously integrated domestic market, the market space of enterprise products is broader, and the efficiency of resource allocation is improved, which will have an important impact on enterprise capacity decision-making and capacity utilization.From the perspectives of market demand effect and resource allocation effect, this paper investigates the impact of regional market integration on enterprise capacity utilization, and empirically analyzes the effect by using the micro data of Chinese industrial enterprises. It is found that regional market integration significantly improves the capacity utilization of enterprises. Regional market integration not only improves the market demand of enterprise products, but also promotes the effective supply of factors and the optimal allocation of resources, which has a positive effect on the improvement of enterprise capacity utilization. Enterprises with high tax base and high employment contribution and state-owned enterprises are more sensitive to regional market integration; the effect of regional market integration on the capacity utilization of enterprises in heavy industry sector is also higher than that in light industry sector; regional market integration significantly improves the capacity utilization of enterprises in the central and western regions, while the effect in the east
对于处于百年未有之大变局的中国企业来说,提高产能利用率不仅是增强可持续生存能力和综合竞争力的重要途径,也是优化社会资源配置、提高经济韧性的关键。特别是近年来,各国政府不断深化供给侧结构性改革,推进“三去一降一补”,把“去产能”作为实现经济高质量发展的重要任务之一。但是,中国企业的产能过剩问题并没有得到根本解决,这已经成为阻碍中国经济可持续发展的深层次问题。因此,识别影响我国企业产能利用率提高的关键因素,探索优化企业产能决策的路径仍然是一个值得关注的重要问题。近年来,加快区域协调发展和建立统一的国内市场逐渐引起广泛关注。各国政府相继出台各种措施,消除地方保护主义和市场分割,促进区域市场一体化。同时,加快高速铁路等交通基础设施建设,加强区域互联互通。中国国内市场正经历着从分割、碎片化到一体化的重要转变。在不断一体化的国内市场中,企业产品的市场空间更加广阔,资源配置效率提高,将对企业产能决策和产能利用产生重要影响。本文从市场需求效应和资源配置效应两方面考察了区域市场一体化对企业产能利用率的影响,并利用中国工业企业的微观数据进行了实证分析。研究发现,区域市场一体化显著提高了企业的产能利用率。区域市场一体化不仅提高了企业产品的市场需求,而且促进了要素的有效供给和资源的优化配置,对企业产能利用率的提高具有积极作用。高税基、高就业贡献企业和国有企业对区域市场一体化更为敏感;区域市场一体化对重工业企业产能利用率的影响也高于轻工业;区域市场整合显著提高了中西部地区企业的产能利用率,而东部地区的效果不显著。本文不仅有助于进一步丰富产能过剩形成机制的研究,也为探索畅通国内流通、提高经济发展质量的路径提供有益启示。
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引用次数: 0
中国共产党审计思想研究(1921—1949) * 中国共产党审计思想研究(1921—1949) *
IF 2.4 Q1 Economics, Econometrics and Finance Pub Date : 2021-11-03 DOI: 10.16538/J.CNKI.JFE.20210917.202
张晓玲, Zhang Xiaoling
系统梳理与总结1921−1949年中国共产党审计思想的历史演变,不仅可以为构建中国特色社会主义国家审计理论体系提供理论基础,而且对于讲好中国共产党审计历史、传播中国共产党审计思想、坚持和完善中国特色社会主义国家审计制度,都有十分重要的现实意义。文章从思想史角度对新民主主义革命时期中国共产党审计思想进行了系统性与理论性的梳理、提炼与总结。研究发现:(1)1921−1949年中国共产党审计思想经历了由浅入深、层层递进的三个发展阶段,即1921−1926年以认识审计本质及其重要性为主要特征的思想产生阶段,1927−1936年以认识审计独立性和权威性为主要特征的思想初步形成阶段,1937−1949年以认识审计功能多元化为主要特征的思想发展阶段。(2)中国共产党审计思想有三个重要理论来源,一是马克思主义的国家、财政与监督理论,二是中国传统的国家审计思想,三是西方审计方法与理论。(3)中国共产党审计思想具有三大理论创新。一是在坚持党领导审计工作的基础上深化与发展了马克思主义监督思想,指出了国家审计的本质,强调了审计独立性,拓展了审计功能;二是改变了中国传统国家审计的封建专制理念,强调民主法治;三是突破了西方审计理论为资产阶级服务的审计目标,将为人民群众服务作为审计的根本目标。
系统梳理与总结1921−1949年中国共产党审计思想的历史演变,不仅可以为构建中国特色社会主义国家审计理论体系提供理论基础,而且对于讲好中国共产党审计历史、传播中国共产党审计思想、坚持和完善中国特色社会主义国家审计制度,都有十分重要的现实意义。文章从思想史角度对新民主主义革命时期中国共产党审计思想进行了系统性与理论性的梳理、提炼与总结。研究发现:(1)1921−1949年中国共产党审计思想经历了由浅入深、层层递进的三个发展阶段,即1921−1926年以认识审计本质及其重要性为主要特征的思想产生阶段,1927−1936年以认识审计独立性和权威性为主要特征的思想初步形成阶段,1937−1949年以认识审计功能多元化为主要特征的思想发展阶段。(2)中国共产党审计思想有三个重要理论来源,一是马克思主义的国家、财政与监督理论,二是中国传统的国家审计思想,三是西方审计方法与理论。(3)中国共产党审计思想具有三大理论创新。一是在坚持党领导审计工作的基础上深化与发展了马克思主义监督思想,指出了国家审计的本质,强调了审计独立性,拓展了审计功能;二是改变了中国传统国家审计的封建专制理念,强调民主法治;三是突破了西方审计理论为资产阶级服务的审计目标,将为人民群众服务作为审计的根本目标。
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引用次数: 0
中国共产党在统筹“发展和安全”中的独特优势 中国共产党在统筹“发展和安全”中的独特优势
IF 2.4 Q1 Economics, Econometrics and Finance Pub Date : 2021-11-03 DOI: 10.16538/J.CNKI.JFE.20210917.201
郎旭华, Lang Xuhua, 冒佩华, Mao Peihua
Ensuring both “development and security” is the historical thread of the national governance of the Communist Party of China (CPC). Starting from this thread, based on historical materials, this paper investigates the historical experience and governing logic formed by the CPC in this process, and extracts its unique advantages from the perspective of Marxism, which is of great significance to study the CPC’s positioning and role in financial governing and even the national governance system. However, the existing research lacks the combing and analysis of the CPC’s financial governance practice and logic, and there is little overall and systematic understanding of the CPC’s role in coordinating the relationship between the government and the market. By combing the historical sources of the CPC’s centennial financial governance, this paper examines the unique role and advantages of the CPC in this process, and makes an academic study of this historical experience and governing logic from the perspective of Marxism, forming a ternary relationship framework of the CPC, the government and the market. The research finds that: (1) Financial governance under the leadership of the CPC not only realizes the transformation of financial support for the real economy from individualization and decentralization to collectivization, scale and even integration, but also deepens the recognition of aspect of security from party security, sovereign security to economic security and even overall national security. (2) The deepening of the understanding of “development and security” stems from the advantages of strategic stability, power regulation capability and political mobilization brought by the CPC’s fundamental ideological orientation, strategic goal orientation and core interest orientation. This makes the CPC’s leadership a long-term strategic leadership on the basis of clarifying the power boundary with the two main bodies of the government and the market, forming a unique governance advantage. (3) The unique governance advantage of the CPC promotes the improvement of national governance efficiency through two power paths. That is, the CPC’s strategic stability advantage ensures the continuity and stability of the government’s decision-making, and the advantages of power regulation ability and political mobilization ability enable the CPC to play a role in guiding and balancing interests between the government and the market. The research contribution mainly lies in three aspects: First, this paper analyzes the CPC’s unique advantages from the perspective of financial governance, which is a further enrichment of the existing research. Second, taking “development and security” as the thread, this paper forms the historical context and analytical framework of the CPC’s centennial financial governance history, which fills the gap of the existing research. Third, this paper further develops the ternary governance framework of the CPC, the government and the ma
统筹“发展和安全”是中国共产党治国理政的历史主线,是认识党领导与参与金融治理活动的重要抓手。文章通过对中国共产党百年金融治理的史料梳理,考察了党在这一过程中的独特作用和优势,并基于马克思主义视角对这一历史经验和治理逻辑进行学理化研究,形成了一个三元关系分析框架。研究发现:(1)中国共产党领导下的金融治理,在实现金融支持实体经济从个体化、分散化向集体化、规模化乃至集成化转变的同时,实现了安全观从政党安全、主权安全向经济安全乃至总体国家安全的发展深化。(2)对“发展和安全”认识的深化,源于中国共产党的根本思想导向、战略目标导向和核心利益导向所带来的战略定力优势、调控能力优势和政治动员能力优势。党的领导是在明晰政府和市场两大主体权能边界的基础上形成的长期战略领导,具有独特的治理优势。(3)中国共产党独特的治理优势又通过两条权能路径促进了国家治理效能的提升,即党的战略定力优势保证了政府决策的连续性和稳定性,权能调控能力和政治动员能力优势又使得党能够在政府和市场间发挥利益引导和平衡作用。文章对于认识党在国家治理体系中的定位并推动国家治理体系和治理能力的现代化具有一定意义。
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引用次数: 0
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Journal of Economics, Finance and Administrative Science
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