• Volume 21,Issue 2,2015 Table of Contents
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    • Analysis of Western Financial Assets Structure Adjustment and Industrial Structure Upgrading

      2015, 21(2):1-8. DOI: 10.11835/j.issn.1008-5831.2015.02.001 CSTR:

      Abstract (1866) HTML (372) PDF 1.27 M (1056) Comment (0) Favorites

      Abstract:The upgrading of industrial structure is a primary task in the Report of the 18th National Congress of CPC, and it is the key to change the economic growth mode in China. This paper starts from the adjustment of financial assets structure, with provincial panel data on the structure adjustment of western financial assets and industrial structure upgrading during 1993-2011 as samples, by constructing a PVAR model, using panel cointegration test, panel impulse response function, variance decomposition technology, panel Grainger causality test to make multidimensional research. The conclusion proves that there is an interactive relationship between the structure adjustment of western financial assets and industrial structure upgrading. But there are significant differences among different types of financial assets and industrial structure upgrading on interaction, direction and path.

    • Spatio-temporal Expansion and Driving Mechanism of LUCC in Integration Area Based on GIS and RS: A Case Study of Zhengbian New Area

      2015, 21(2):9-16. DOI: 10.11835/j.issn.1008-5831.2015.02.002 CSTR:

      Abstract (1360) HTML (466) PDF 1.95 M (1020) Comment (0) Favorites

      Abstract:With China’s rapid economic and social development, LUCC and its structure are changing all along and becoming a hot issue. Integration of the two cities is the unique type of land use change with Chinese characteristics. Taking integration area of Zhengzhou and Kaifeng which have been entering a rapid and down-to-earth development as a case, the paper analyzes LUCC and its dynamic changes, construction land expansion model and driving factors for the study area based on RS and GIS by using 2004, 2008 and 2010 year TM images and related economic data. The results are obtained as follows: 1) the farmland and construction land-use were main LUCC patterns, construction land-use was rooting in cultivated land and unused land, its growth rate was the biggest and the proportion was gradually increasing; the cultivated land is gradually reducing; there was little change in water area; the area of unused land and woodland were also little, and reducing as time went by. At the same time, the comprehensive index of land use was gradually on the rise in study period. 2) Construction land expansion model met the “point-axis” spatial structure. In a smaller scale, the new construction land was mainly located in Zhengdong New Area, Kaifeng New Area and Zhongmu country as the centers showing the layered structure expansion; there are zonal expansions in both sides of Zheng-Kai Road, and the towns and villages away from the three core areas was low-density continuous expansion. 3) The expansion of construction land was the results for multiple driving factors which were mainly affected by natural and geographical environment, transportation construction, economic development and government policies, but the last factor was the most significant.

    • Effect of the Tourism to Manufacturing Agglomeration and Economic Growth: Evidences from West China

      2015, 21(2):17-23. DOI: 10.11835/j.issn.1008-5831.2015.02.003 CSTR:

      Abstract (1575) HTML (503) PDF 1.36 M (1144) Comment (0) Favorites

      Abstract:Based on the data from the west China development, the paper carries out the relationship between tourism development, manufacturing agglomeration and economic growth, and it further identifies the effect of tourism expansion on manufacturing agglomeration. The results show that the manufacturing agglomeration has been declining, it doesn’t increase economic growth. And the west tourism overall promotes economic growth. The relationship between tourism development and manufacturing agglomeration is pour U , and at the left side of the curve. So there is no “de-industrialization” effect. But the long time economic growth would become slow if the tourism excessively prospers.

    • A Case Study on Implementation Effects of the Pilot Policy for Substituting the Value-added Tax for Business Tax in China

      2015, 21(2):24-31. DOI: 10.11835/j.issn.1008-5831.2015.02.004 CSTR:

      Abstract (1693) HTML (350) PDF 1.18 M (1011) Comment (0) Favorites

      Abstract:This paper adopts the case study method to analyze the implementation effects of the reform pilot policy from the transportation industry to start. This paper applies the event study method to study the influence mechanism of the tax reform pilot policy on stock yield of the transportation industry. Meanwhile, it calculates and researches the changes of the tax burden of these enterprises, and provides suggestions for the promotion of the reform policy in nationwide. Results indicate: 1) The announcement of the reform pilot policy affects the stock returns of the transportation industry in Shanghai. In a period of time before and after the publish of the policy, the stock of the pilot enterprises has positive effect on price, the stock price of each subindustries fluctuates differently. Because of the “plate effect”, the reform policy also causes the stock price of the enterprises fluctuates positively which is beyond the pilot scope to some extent. 2) In general, the tax reform policy effectively reduces the tax burden of the transportation industry in Shanghai, but the existence of the area restrictions and the input taxes aren’t fully deduct factors result in the temporary increase of the tax burden of a fraction of the transportation industries.

    • Shocks Transmission and Economic Stability with Capital Controls

      2015, 21(2):32-41. DOI: 10.11835/j.issn.1008-5831.2015.02.005 CSTR:

      Abstract (1225) HTML (628) PDF 2.27 M (1051) Comment (0) Favorites

      Abstract:This paper investigates the response feature of the domestic economic to shocks of international financial market and international trade with capital controls, and the influence of deregulation on economic stability within a dynamic stochastic general equilibrium(DSGE) model for China’s economy. We find that: 1) The effect of capital controls is nearly the same as that of complete controls. Net exports will form a larger premium to interest rate parity, and the persistence of foreign exchange market shocks is relatively lower. 2) The shocks of foreign exchange market change domestic consumption and net exports via the international risk-sharing mechanism,but capital controls will suppress risk-sharing mechanism to play. Capital controls would make the trade shocks be quickly suppressed, but domestic economic variables are impacted laggedly. 3) Perfect capital mobility does significantly increase economic fluctuations; but under the current strict capital controls, moderate deregulation does not affect the economic stability; to some extent, it is beneficial to the stability of output, consumption and interest rates.

    • Empirical Analysis of the Effect of Information Disclosure Improvement on Capital Allocation

      2015, 21(2):42-47. DOI: 10.11835/j.issn.1008-5831.2015.02.006 CSTR:

      Abstract (1384) HTML (447) PDF 1.46 M (1644) Comment (0) Favorites

      Abstract:The effect of information disclosure on capital allocation efficiency is verified with data of A-share companies listed in Shen Zhen Stock Exchanges from year 2003 to 2012. We find that with the increase in the information disclosure quality, the reaction of investment alteration to its capital output alteration becomes more sensitive, which means that information disclosures with higher quality promote capital transfer rapidly from lower returning fields to higher returning fields, thus realizes the efficient allocation of capital.

    • The Impact of the Online Channel on Listed Retailers’ Performances in China

      2015, 21(2):48-57. DOI: 10.11835/j.issn.1008-5831.2015.02.007 CSTR:

      Abstract (1711) HTML (319) PDF 1.40 M (961) Comment (0) Favorites

      Abstract:Drawing data from 58 listed retail companies, this study examines the impact of online channel use on retailers’ performance using event study. The results show that the online channel provides significant improvements in sales, cost, inventory, and return on investments. We also find that, a high local presence is a significant advantage for retailers in sales growth, which means that the integration of traditional channels and online channel can promote the improvement of performance. In addition, the results show that the timing of online channel adoption does not have a significant impact on performance improvement, but area where the company locates dose.

    • Ultimate Ownership Structure, Severity of Agency Problems and Firm Corporate Performance

      2015, 21(2):58-68. DOI: 10.11835/j.issn.1008-5831.2015.02.008 CSTR:

      Abstract (1514) HTML (496) PDF 1.98 M (1178) Comment (0) Favorites

      Abstract:Based upon theory of ultimate ownership structure and principal-agent theory, this article raises the problems of endogeny, which is very likely to exist between ultimate ownership structure, severity of agency problems and firm performance. So the author collected panel data of 118 agricultural listed firms during 2004-2010, and constructed three-stage least square model to analyze the complicate relationships between these variables mentioned above. There were some interesting findings as following: firstly, both severities of two types of agency problems played striking negative role in ultimate ownership structure, and ultimate ownership structure was very remarkable negative to the severity of second type agency problem. Next, outcomes of the empirical analysis certified that firm performance had a great influence on the gravity of agency problems, while it could not draw a safe conclusion that two kinds of agency problems’ seriousness had impact on performance of firms. At last, ultimate ownership structure had great positive impact on firm’s performance, which, however, played a distinct negative role in ultimate ownership structure.

    • Credit Evaluation of the Growth-type Technology Start-ups

      2015, 21(2):69-74. DOI: 10.11835/j.issn.1008-5831.2015.02.009 CSTR:

      Abstract (1478) HTML (693) PDF 921.26 K (1015) Comment (0) Favorites

      Abstract:Start-ups are often subject to external financing constraints, this phenomenon is especially serious for growth technology start-ups enterprises. Therefore, the credit evaluation index system and model building of growth-type technology start-ups are necessary. Based on the dynamic financial data, this paper took the growth and innovation capability of enterprises as important indicators of the evaluation, and used logistic regression to present a growth technology start-ups enterprise credit evaluation model and method to dynamically evaluate the credit situation. Comparing and testing by the model, it proved the higher accuracy of the evaluation.

    • Internal Control ,Social Responsibility and Corporate Performance

      2015, 21(2):75-82. DOI: 10.11835/j.issn.1008-5831.2015.02.010 CSTR:

      Abstract (1804) HTML (517) PDF 1.38 M (1203) Comment (0) Favorites

      Abstract:This paper made an empirical study on the relationship of corporate social responsibility, internal control and corporate performance. By the questionnaires from civil aviation university of China MBA students and airline managers, the study shows that the level of internal control and corporate performance have a significant positive correlation. The company’s internal control can improve the company performance. Most of the social responsibility variables have positive effect on company performance. The Variable of social responsibility can significantly explain the changes of internal control, which means social responsibility plays some intermediary role between the internal control and the company performance. This conclusion is of great significance to promote corporate social responsibility behavior and the couple interaction construction between the internal control and social responsibility.

    • Research on Risk Allocation of Construction Project Based on Paradigm Evolvement

      2015, 21(2):83-91. DOI: 10.11835/j.issn.1008-5831.2015.02.011 CSTR:

      Abstract (1367) HTML (315) PDF 2.31 M (1001) Comment (0) Favorites

      Abstract:Based on paradigm evolution philosophy, the study provides the following findings through summarizing the existing risk-allocation literatures: Development of research on construction project risk allocation is co-related with deepening cognition of nature of the project. Along with cognition from one-off project to temporary contracts and social networks, risk allocation study is showing characteristics of paradigm evolution. Technical and organizational paradigm focused on risk identification, risk assessment and risk allocation processes to reveal the mechanism of risk allocation improvement, but the study lacks analysis under the premise of “economic man” and “social man”, which is contrary to a realistic scenario; while the rise of contract paradigm and relational paradigm expanded the explanation space of risk allocation, revealing action mechanism of social capital, trust and other relationship scenarios or factors on risk allocation.

    • Inventory Portfolio and Circulating Pledge Financing Making-decision based on Unified Credit Mode

      2015, 21(2):92-98. DOI: 10.11835/j.issn.1008-5831.2015.02.012 CSTR:

      Abstract (1652) HTML (889) PDF 1.25 M (929) Comment (0) Favorites

      Abstract:Inventory pledge financing has become an important means of financing for small and medium-sized enterprises. Inventory portfolio and Circulating pledge is a new mode of inventory pledge which is emerging in recent years, and theoretical research about this has not attracted enough attention by the scholars. So this paper aims to explore inventory portfolio and circulating pledge financing making-decision problem. This article, firstly, makes the rules of inventory portfolio and circulating pledge; secondly, establishes corresponding linear programming function according to our rules; thirdly, shows the numerical analysis by an example, demonstrates the decision-making process of inventory portfolio and circulating pledge financing, provides a reference for the enterprises that need to finance.

    • Allocation for Uncertain Rights of Multiagent and Scientific Assessment for University Research

      2015, 21(2):99-105. DOI: 10.11835/j.issn.1008-5831.2015.02.013 CSTR:

      Abstract (1154) HTML (316) PDF 909.75 K (1017) Comment (0) Favorites

      Abstract:In this article we study the scientificity of the rights and liabilities allocation of objects shared by multiagent with uncertain boundary and bring forward the notions of closure, sequentiality, average-symmetry and relevance of allocation form of rights and liabilities shared by multiagent. We set the conditions of complete type allocation form of rights and liabilities as possessing accordant closure, accordant sequentiality, accordant average-symmetry and accordant relevance, in development, we set the sigmacompleteness as the indicate of the scientificity of the rights and liabilities allocation of objects shared by multiagent with uncertain boundary. Through a series of mathematical argument, we bring forward the basic character of complete type allocation form of rights and liabilities and prove the “golden allocation” derivated by golden section method to be complete, by which we not only get the conclusion that there is existing the complete type allocation form of rights and liabilities of objects shared by usual multiagent, but also prove the evaluation and scoring method for scientific achievements used in Chinese University Arrangement to be scientific by Wu Shulian.

    • An Evaluation Research of Author Influence Based on the Improvement of the Eigen-factor Algorithm

      2015, 21(2):106-109. DOI: 10.11835/j.issn.1008-5831.2015.02.014 CSTR:

      Abstract (1252) HTML (581) PDF 704.61 K (1082) Comment (0) Favorites

      Abstract:The Eigen-factor algorithm is an important method for journal quality evaluation. This paper constructs a new algorithm to evaluate the author influence based on the improvement of the Eigen-factor algorithm. This paper first introduces the basic principle of the Eigen-factor algorithm, and then improves the Eigen-factor algorithm by analyzing the particularity of author citation compared with journal citation. Next it introduces the basic steps of the new algorithm. Finally it makes an empirical research based on author citation network of library and information science in China and the ranking of the authors is obtained. At the same time, the ranking result is compared with traditional citation counts.

    • The Continued Thought on Value of the Criminal Jury System

      2015, 21(2):110-115. DOI: 10.11835/j.issn.1008-5831.2015.02.015 CSTR:

      Abstract (1314) HTML (731) PDF 1.26 M (991) Comment (0) Favorites

      Abstract:In the criminal court, the democracy idea of justice which is represented by Jury and the legalism idea of justice which is represented by the judge have conflict sometimes; the conflict between both sides is solved by the criminal Jury authority system. The criminal jury has veto function to legal application in the case of a verdict of unguilty, which renders the legalism make place for democracy to prevent law harm human rights in criminal case. However, the Jury doesn’t have the rights to create law, which renders the democracy make place for legalism and can prevent accidents of democratic tyranny. From the institutional arrangement of criminal jury authority system, its preferential value is to protect human freedom, and not to realize judicial democracy.

    • Study of Law and Regulation on the Overseas Business Development of Chinese Security Companies

      2015, 21(2):116-121. DOI: 10.11835/j.issn.1008-5831.2015.02.016 CSTR:

      Abstract (2047) HTML (680) PDF 1.14 M (1169) Comment (0) Favorites

      Abstract:As the overseas extension of national interests, the traditional and non-traditional threats are growing with each passing day. Being an important safeguard power of national interests overseas security, Chinese security companies, in the background of the overseas-market needs and the lag of domestic legislation, takes on the “social responsibility” of protecting China’s interests overseas. The domestic legal regulation system must have a set of perfect system to fundamentally clear the supervision and administration of qualifications, business scope, principles, rights relief, activities rules, as well as the security specifications with guns and other special items, thus to build a “good soft environment” for overseas business development.

    • On the Logical Paradox of “Debt for Life” and Criminal Law Crisis

      2015, 21(2):122-128. DOI: 10.11835/j.issn.1008-5831.2015.02.017 CSTR:

      Abstract (1808) HTML (471) PDF 1.34 M (976) Comment (0) Favorites

      Abstract:“Sharenchangming, Qianzhaihuanqian”, the old adage has delineated the scope of China’s death penalty, but the cancer “severe punishment” criminal law of the crime of fraud still retains the death penalty, this flood of the death penalty in legislation and judicature doubles paradox difficult to overcome. The criminal law as a way of existence for the society itself, improper use will cause new evil, so the fraud crime suitable for the death penalty will inevitably make the criminal law has an unprecedented crisis, especially breaking the unity of subjective and objective rules of sentencing, cleaning up the modesty of criminal law, and the criminal law becomes the mandatory tools of violence of country’s will. Although the condition is not yet mature to completely abolish the death penalty at this stage, but the behavior of human deprivation of personal liberty and vested interest and other measures can effectively curb the occurrence of illegal fund-raising case, so it does not prevent the abolition of crime of fraud of the death penalty.

    • Operating Practice and Perfection of the System of Mortgage Farmers on Land

      2015, 21(2):129-133. DOI: 10.11835/j.issn.1008-5831.2015.02.018 CSTR:

      Abstract (1361) HTML (310) PDF 960.55 K (1029) Comment (0) Favorites

      Abstract:The object of mortgage on rural land is land use right, and the capacity for mortgage is dictated by the type of the land use right farmers have and defined by the current laws and regulations. In the course of land marketization, the land rights in each region of China shall be attained with diversity. And it is up to legislature to determine what type of the land right is eligible for mortgage. The construction of the rural land mortgage system on the legal basis depends on the establishment of the rural land use right transfer system, the rural land registration and information disclosure system, the rural land bank and land use right evaluation mechanism as well as the land mortgaging and financing risk prevention mechanism.

    • A Review of the International Aviation Legal Basis for the Liability for Compensation

      2015, 21(2):134-140. DOI: 10.11835/j.issn.1008-5831.2015.02.019 CSTR:

      Abstract (1418) HTML (937) PDF 1.48 M (930) Comment (0) Favorites

      Abstract:Disputes concerning international aviation are existing since the first international aviation regulations of the International Convention for compensation -Warsaw Convention appeared, and they have achieved the peak of compensation for International aviation because the Malaysia Airlines incident and the pending Asiana crash happened in 2013. Special infringement relationships under the contract are the legal basis under the international aviation compensation, at the same time, the system of compensation for international aviation should purse the unity and coordination in the relationship between damages function and deterrent function, and the unity of fairness and efficiency. In the personal injury compensation system of International Air Transport Liability and legislative tendencies of compensation cases, the jurisdiction of the International Air trends gradually from the carriers to the consumer. Through the analysis of the legal basis for international aviation liability compensation, punitive function of the international aviation liability compensation in international convention should be highlighted.

    • Research on the Lawyer’s Micro-blog in Case Communication

      2015, 21(2):141-147. DOI: 10.11835/j.issn.1008-5831.2015.02.020 CSTR:

      Abstract (1494) HTML (330) PDF 1.64 M (1110) Comment (0) Favorites

      Abstract:The complexity of the network of public opinion makes for web content management faces great difficulty. With the increase of lawyer’s collectively safeguard the rights phenomenon, management issues of lawyers in the case spread microblogging speech are also increasingly attracting attention. This paper puts forward some countermeasures from the angle of managing the network public opinion. Considered for the management of lawyers microblogging speech, the suggestion is follow the governing with the news experience by “good use and good control of the media” . While lawyers’ microblogging remarks may affect the course of justice, but justice only when subjected to “clear and immediate danger”, then it is necessary to use legal means to limit. In addition, responsibility of the judiciary should be strengthened through information dissemination, adoption of technical means or encourage lawyer’s discipline.etc. Therefore an integrated approach should be taken.

    • The Literature Review of Foreign Research on Hawthorne

      2015, 21(2):148-154. DOI: 10.11835/j.issn.1008-5831.2015.02.021 CSTR:

      Abstract (1729) HTML (870) PDF 1.34 M (1211) Comment (0) Favorites

      Abstract:As the unanimously acknowledged classic writers, Hawthorne ,together with his works has not only been mentioned persistently by those great writers, but been studied thoroughly by numerous literary and cultural theories. When it comes to the modern ages, even some critics coined the terms as “Hawthorne Tradition”. This article traced back the academic history of Hawthorne studies for over one hundred and fifty years, from the late 19th century to the early 21st century. Especially during the period from the middle 20th century onwards, every literary criticism, such as new criticism, archetypal criticism, psychoanalytical criticism, female criticism deconstructionism, and new historicism has ever made its application to Hawthorne. Perhaps, the phenomenon itself that generations of critics took a great interest in Hawthorne is a worthwhile way for research.

    • Constructing the Assessment Dimensions of Language Production Competence in English

      2015, 21(2):155-161. DOI: 10.11835/j.issn.1008-5831.2015.02.022 CSTR:

      Abstract (1502) HTML (851) PDF 1.26 M (1074) Comment (0) Favorites

      Abstract:This article tries to explore and construct the assessment dimensions of language production competence in English. Constructing the dimensions is grounded on deep comparison and detailed analysis on the current influential syllabuses issued by China government and Europe and the national and international authoritative English tests as well. By the method of analyzing the key words in the syllabuses and tests’ criteria, this study has extracted the commonly acknowledged requirements and dimensions for assessing language production competence in English. In addition, from the perspective of psychology and cognitive linguistics, this article defines “language production competence in English” on the base of “language production competence”. Accordingly, the core components of language production competence and three central dimensions have been proposed with the emphasis of thinking’s role and importance in language production competence.

    • A Comparative Analysis on Higher Education Quality Standards of America, UK and Australia

      2015, 21(2):162-166. DOI: 10.11835/j.issn.1008-5831.2015.02.023 CSTR:

      Abstract (1378) HTML (295) PDF 919.25 K (949) Comment (0) Favorites

      Abstract:With a comparative analysis from the respects of subject, object, environment and tools on higher education quality standards of America, UK and Australia, we found there were various differences among America, UK and Australia higher education quality standards’ subjects and objects, i.e. “government type” and“non-government type” subjects, “voluntary” and “mandatory” objects. Those differences are caused by the divergence that exists among their higher education administrative system, i.e. decentralization system and centralization system. However, there are similarities in the environment and tools of higher education quality standards of those three countries. Three countries have a comparatively perfect legal environment, and they all have responding state laws that guarantee higher education quality standards’ formulation, execution, evaluation and control; besides, they have similar tools. Three countries adopt the same method, i.e. combining self-evaluation with external evaluation. Their evaluation procedure is basically the same.

    • The Construction Research of Ecology of Higher Education from Student Affairs in American Universities

      2015, 21(2):167-171. DOI: 10.11835/j.issn.1008-5831.2015.02.024 CSTR:

      Abstract (1423) HTML (293) PDF 1014.90 K (975) Comment (0) Favorites

      Abstract:The student affairs in American universities are analyzed in according to the thought of systematic, balance and connection. Its careful management and overall service of environment, professional and homization of conversation between teachers and students, education diversification and master select of interactive system demonstrate that individual overall development and overall education model. It inspires ecology of education that a mapping is constructed between the subject and environments. A path must be constructed from single subject to overall ecology, from the specific rules to abstract thinking, that is, optimizing students’ ecology places, gathering education diversification, activating system and building freedom, equality and catholicity atmosphere.

    • The Optimization Analysis for Environment of Physical Education Teaching from the Perspective of Sublating Alienation

      2015, 21(2):172-175. DOI: 10.11835/j.issn.1008-5831.2015.02.025 CSTR:

      Abstract (1231) HTML (296) PDF 852.38 K (974) Comment (0) Favorites

      Abstract:The article analyzes the factors that affect the students when they are doing physical exercises by means of literature, questionnaire, mathematical statistics, etc. The study helps to find out the causes of psychological alienation of students, and proposes the corresponding ways to avoid these problems, also provides the theoretical support and reference data for the optimization research for the environment of physical education teaching.

    • Netizens of College Students in Spreading Internet Public Opinions:Research on Seven-dimensional Model

      2015, 21(2):176-181. DOI: 10.11835/j.issn.1008-5831.2015.02.026 CSTR:

      Abstract (1390) HTML (481) PDF 1.28 M (1091) Comment (0) Favorites

      Abstract:Netizens of college students are playing multiple roles in spreading Internet public opinions. They act as information sources, communicators as well as audiences, etc. This research constructs a seven-dimensional model to describe how netizens of college students participate the public sentiment spreading. The survey reveals the communication contents, channels, outcomes, as well as the characteristics, psychologies, altitudes and desires of the participants in the spreading course. Based on this survey, the researchers come up with some advices to tackle with current situations.

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