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15 July 2018, Issue 04 () Previous Issue    Next Issue

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How Does Family Planning Policy Affect Urban-Rural Income Gap-An Analysis Based on CFPS Project WU Qi-feng, SU Qun 2018 (04):  1-11.  Abstract ( 525 )   PDF (1427KB) ( 911 )   Using the database provided by China Family Panel Survey(CFPS)2010,this paper not only analyzed the influence of family planning policy on urban-rural income gap,but also Oaxaca-Blinder decomposition method and RIF regression decomposition method are used to measure the contribution of family planning policy to urban and rural income gap. The result shows that:(1) the family planning policy is conducive to improvement of children's income, and the marginal effect of income on urban is greater than that of rural; (2) the policy allows for more births is not conducive to improvement of rural children's income. It will significantly lower the income of the children if family super living, and the negative impact on urban is greater than that of rural; (3) the family planning policy presents a u-shaped thrust on urban-rural income gap, the role of low-income and high-income groups is large but relatively small for middle-income groups. Therefore, the family planning policy should coordinate the overall situation, take measures according to local conditions, reward and punish both, improve the level of human capital in rural areas and the quality of education of children, and promote the convergence of fertility rate and human capital level of urban and rural residents. References | Related Articles | Metrics

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The coupling Coordination Analysis of Green Technology Efficiency and Industrial Structure of Yangtze River Economic Belt ZHU Guang-fu, ZHOU Chao, Zhao Yun-ting 2018 (04):  12-20.  Abstract ( 405 )   PDF (1609KB) ( 889 )   Calculating the green technology efficiency, indexes of advanced industrial structure and rational industrial structure of Yangtze River Economic Belt from 2000 to 2014, this paper measures the coupling coordination degree between green technology efficiency and indexes of advanced industrial structure and rational industrial structure respectively and conducts further study by adopting hierarchical clustering method and variation coefficient method. The results suggest that the gap between provinces has expanded in rational industrial structure while narrowed in advanced industrial structure; the coupling coordination degree between green technology efficiency and indexes of advanced industrial structure is not satisfying yet the gap between provinces has been narrowing. The coupling coordination degree between green technology efficiency and indexes of rational industrial structure is satisfying but the gap has been expanding. From the perspective of regional distribution, Yangtze River Delta is with the highest level, the middle reaches of the Yangtze River rank secondly and the upper reaches of the Yangtze River are with the lowest level. References | Related Articles | Metrics

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Correlation of Valuation Divergences of IPO: the Bidding Difference of Institutions and the Variability of Initial Returns HUANG Shun-wu, WANG Ning, YU Kai 2018 (04):  21-34.  Abstract ( 389 )   PDF (1407KB) ( 990 )   Under the book-building, the IPO valuation divergences of the investors mainly reflect in the period of the book-building and the initial stage of the second market. This paper has empirically studied the correlation of the valuation divergences of the IPO between the two phases, which uses the bidding difference of the institutions and the variability of the IPO initial returns as the proxy variables of the valuation divergences in the two phases based on the IPOs which have listed during the second reform of the book-building method. Conclusions have been made from this research:there is a significantly negative correlation between the valuation divergences of the same IPO in the different phases, and there is a significantly positive correlation between the valuation divergences of the different IPOs in the same phase. It indicates that the valuation divergence of the first market has adversely reflected the one of the second market in advance, and the bidding difference of the institutions and the variability of the initial returns of the IPOs which have listed earlier can predict the ones of the IPO in the current period. The results of this research will offer scientific strategies for investor who participates in the book-building and trades in the initial stage of the second market. References | Related Articles | Metrics

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Research of Symbiosis between Internet Finance and Traditional Finance of China Based on Logistic Regression LAN Qing-xin, HAN Yu-lai 2018 (04):  35-42.  Abstract ( 434 )   PDF (1116KB) ( 862 )   This research focuses on the symbiosis of Internet Finance and Traditional Finance, specifies the definition and characters of Finance Symbiosis, and then builds a Logistic Regression to clarify the asymmetric symbiosis. This paper also improves the research by empirical analysis of introducing three kinds of development patterns of the symbiosis, based on which the paper gives some advice for the sustainable development of the symbiosis of Internet Finance and Traditional Finance. References | Related Articles | Metrics

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Does Equity Incentive Promote the Investment in Innovation of Enterprises-An Empirical Research on Ambidextrous Innovation Theory DONG Yi-yu, GUO Ze-guang 2018 (04):  43-53.  Abstract ( 446 )   PDF (1382KB) ( 847 )   Taking the data of A-share listed companies from 2007 to 2015 as the sample, we analyze the relationship between management equity incentive and ambidextrous innovation investment. The results show:Equity incentive has different effects on ambidextrous innovation investments. Equity incentive can significantly improve the level of investment in exploratory innovation investment, while the promotion effect on the exploitative innovation investment is not obvious. The research shows that the state-owned shares weaken the positive correlation between equity incentive and exploratory innovation investment. On the contrary, the high level of marketization strengthens the positive impact of them. These regulatory relationships, however, have not been found in the exploitation sample group. References | Related Articles | Metrics

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An Empirical Analysis Based on the Strategic Strength of Enterprise Comprehensive Strength and Growth Rate XING He, ZHAO Chun-lei, TANG Ding-fen 2018 (04):  54-62.  Abstract ( 444 )   PDF (1123KB) ( 876 )   Strategy formulation is an important research hotspot in the field of enterprise management. In recent years, many experts and scholars began to pay attention to the theoretical basis of enterprise management and strategic objectives. In order to improve the core competitiveness of enterprises under the market economy and enable them to have higher overall strength, this paper proposes a comprehensive strength and growth rate strategy model based on quantitative analysis based on the relevant theoretical basis, and designs the strategic model where The abscissa of the objective function is the comprehensive strength, and the ordinate is the comprehensive strength growth rate. In accordance with the principles of comprehensiveness and reliability, this paper establishes the evaluation index system of comprehensive strength of enterprises, and uses SPSS data analysis software to carry out factor analysis on the obtained index data to calculate the final comprehensive strength score and comprehensive strength growth rate of each enterprise to be evaluated. Through the analysis and research of related enterprise data, it is practical and reliable to verify the comprehensive strength and growth rate of the strategic model of the enterprise, and it can provide the enterprise with an appropriate strategy for the development and management of business and provide the managers with the correct theoretical basis for strategic decision-making. References | Related Articles | Metrics

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Research on the driving factors of social responsibility of Non-profit organization: Based on the data of public financial reports of 81 universities DENG Min, XU Guang-hua, ZHONG Ma 2018 (04):  63-70.  Abstract ( 344 )   PDF (962KB) ( 905 )   Based on the data of financial reports of 81 CED and others universities in 2014 year, the driving influence of organization size, political connection and external governance environment on Organization Social Responsibility (OSR) of Non-Profit Organization (NPO). Empirical evidences suggest that the organization size reduces OSR level, and the political connection may have positive relationship with OSR. Whereas, the external governance environment shows no impact on OSR. References | Related Articles | Metrics

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Study on Poverty Reduction Effect of Farmers' Participation in Characteristic Agricultural Projects from the Perspective of Ability Difference TIAN Yi-piao, ZHANG Wei-guo 2018 (04):  71-79.  Abstract ( 353 )   PDF (1264KB) ( 807 )   Helping the farmers to participate in the characteristic agricultural project is the main way of poverty alleviation precise. Based on the micro survey data of farmers in Wuling mountainous area, this paper uses the PSM method to empirically analyze the difference of poverty reducing effects of farmers participate in characteristic agricultural project. The results show that poor farmers' participation level is far lower than the non-poor famers, and the participation behavior has obvious ability dependence characteristics, leading to low ability of the poor farmers' insufficient participation. Farmer participate in characteristic agricultural project has a significant poverty reduction effect, and the probability of poverty occurrence of farmers is 10.11% lower than that of farmers who do not participate in the characteristic agricultural project. Based on the further study of farmers with different participation ability, it is found that the poverty reduction effect of farmers has obvious "weak" characteristics, and there are some "threshold" constraints for low level farmers. References | Related Articles | Metrics

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The external impact of household decision-making and adjustment of the system HE Na 2018 (04):  80-89.  Abstract ( 360 )   PDF (1853KB) ( 905 )   the family is now and in the future for a long period of time our country agriculture main organization form. The family as a unit, easily affected by the external conditions such as natural resources, technical conditions, labor supply, political situation, social and economic order and even geographical weather, will face various uncertainties. The external factors change on the agricultural economic impact is mixed. It can provide empirical evidence for the government to feed back the management information of farmers, evaluate the family microeconomic behavior and build an effective system by incorporating the economic life prototype, incorporating the risk factors and constructing the household decision-making model. The family management of farmers in the near future is mainly faced with a series of institutional obstacles. Therefore, we should accelerate the construction of the agriculture related system, improve the system system, strengthen the system incentive and guarantee functions, so as to reduce the risk and cost of farmers and improve the performance of agricultural management. References | Related Articles | Metrics

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Study on the Coupling Response of low-carbon economy and Environment System in Karst Areas-A Case Study for Guizhou CAI Shao-hong, WEI Yuan 2018 (04):  90-98.  Abstract ( 372 )   PDF (1212KB) ( 835 )   In order to interpretation coupling coordination state change trend and the relationship of low carbon economy and environmental system, this paper took low carbon economy and the environment coordination as the breakthrough point, by applying variation coefficient, coupling and coupling coordination degree model, the low carbon economy and environmental system coupling, coupling coordination degree were measured and analyzed. The research results showed that low carbon economy and environmental system coupling was fluctuation decline trend from 2005 to 2015 in Karst poverty mountainous area, but the decline was very small,0.75 < C < 1.0, the coupling level in good level. Comprehensive development index, the coupling coordination degree showed a significant increase in the overall trend of rise 115.30% and 36.32%, respectively, 0.4 ≤ D<0.6, belongs to the types of maladjusted the brink of recession to forced type of coordinated development. Comprehensive analysis showed that was better to coupling coordination degree of low carbon economy and environmental system, the regional synergy of two systems showed a increase trend. Which reveal system coordinated development of low carbon economy and environment in the study area had achieved certain results, but there are a lot of improve room. References | Related Articles | Metrics

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The effect of rural public product supply on poverty reduction XIONG Xing, YU Xing-hou, SU Ke 2018 (04):  99-110.  Abstract ( 405 )   PDF (1499KB) ( 979 )   On account of the public product theory and entropy TOPSIS analysis method, take the 31 provinces in China as the research object, selection of 14 indexes from five aspects, to measure the dynamic changes of the rural public goods supply level in provinces of China from 2010 to 2014, and empirically the rural public products supply effect on reducing of rural poverty.The results showed that:China's rural public products supply level is the overall upward trend from 2010 to 2014, rural public goods supply level gap between regions showed a trend of shrinking and in the space characteristic the eastern region was significantly higher compare to the Midwest, there are existence space agglomeration phenomenon an positively spatial autocorrelation;Rural public goods supply of rural poverty reduction has a positive effect, but the rural public product supply impact on poverty reduction is diminishing marginal effect. References | Related Articles | Metrics