Digital Commons Network^™

Neo-Liberal Education Policy In China: Issues And Challenges In Curriculum Reform, Charlene Tan, Vicente C. Reyes Jr

Dr. Vicente C Reyes Jr

This chapter critically discusses the key characteristics and ideological assumptions of neo-liberal education policy, and its impact on curriculum reform in China. To illustrate the adoption and consequences of neo-liberal education policy in China, this chapter focuses on recent curriculum reform in Shanghai. It is argued that there is a shift, through the implementation of neo-liberal education policy, from a “one-size-fits-all” educational model to one that focuses on individual interests and needs in China. However, the neo-liberal education policy in China faces two main challenges. First, although the educational changes attempt to promote more student- centred curriculum, pedagogy and assessment, …

Disproportionate Ownership Structure And Ipo Long-Run Performance Of Non-Soes In China, Xiaoming Wang, Jerry Cao, Qigui Liu, Jinghua Tang, Gary Tian

Gary Tian

This paper examines the relationship between ownership structures and IPO long-run performance of non-SOEs in China. Although non-SOEs underperform the market in general after IPO but the poor performance is mainly caused by the IPOs with ownership control wedge. Non-SOEs with one share one vote structure outperform those with control-ownership wedge by 30% for three years post-IPO performance in adjusted buy-and-hold returns. Non-SOEs with control-ownership wedge have higher frequency of undertaking value-destroying related party transactions. These findings suggest that non-SOEs need to improve corporate governance such as disproportionate ownership structure to better safeguard the interest of long-run shareholders.

Does Banks' Dual Holding Affect Bank Lending And Firms' Investment Decisions? Evidence From China, Xiaofei Pan, Gary Tian

Gary Tian

This study investigates the effect of banks' dual holding on bank lending and firms' investment decisions using a sample of listed firms in China. We find that dual holding leads to easier access to bank loans, a result that is more pronounced for non-state-owned enterprises (non-SOEs) than SOEs. We also find that dual holding distorts banks' lending decisions and harms the investment efficiency for SOEs, while resulting in optimal lending decisions and enhanced investment efficiency for non-SOEs. For non-SOEs, further analysis suggests that optimal lending decisions and efficient investment can be achieved for firms with higher ownership concentration, and firms …

Securitization And De-Securitization In The Diaoyu/Senkaku Islands Territorial Dispute, Lukas K. Danner

Dr. Lukas K. Danner

Counting Once, Counting Twice: The Precarious State Of Subsidy Regulation, Wentong Zheng

Wentong Zheng

Subsidy regulation is in a precarious state. While it has been so ever since the conception of the current subsidy regulation regime, the recent disputes between the United States and China over the “double counting” or “double remedies” of subsidies have threatened the mere functionality of the current regime. This Article argues that the double counting controversy reveals the self-contradictions of the current subsidy regulation regime as to the fundamental question of why subsidies need to be regulated. These self-contradictions make it impossible to devise a coherent solution to the double counting problem within the framework of the current subsidy …

The Chinese Health Care System: An Analysis Of The Current And Emerging Health Care Needs, Karen Giuliano, Courtney Droms

Courtney Hatch

This paper presents an overview of the health care system, current and anticipated health care challenges, and the potential for medical technology to address the health care needs of the People’s Republic of China. The implications of these topics for the modification of current strategies or development of new technologies to address the current and emerging health care needs in China will be reviewed in order to assess the industry’s current plans for expansion of their operations to the health care market in the People’s Republic of China.

Girls’ Schooling Empowerment In Rural China: Identifying Capabilities And Social Change In The Village, Vilma Seeberg

Vilma Seeberg

This study is explicitly anchored in an emerging grounded paradigm, the human development capability approach, and proposes its elaboration using empowerment as a perspective, in this case, on the education of excluded village girls. The person-centered development imperative of the empowerment-capability approach provided the conceptual tools that brought together a holistic observation of social location, subjectivities, agency, achievements and transformative change. Seeking to explain village girls' demand for schooling, the work identifies intangible and instrumental capabilities often unrecognized and "their indirect role through influencing social change" (Sen 1999, 296) contributing grounded findings on the concept of empowerment. Findings further show …

Analysis Of Legal Hurdles To Issuing Catastrophe Bonds In China, Tao (Tim) Liang

Tao LIANG

Anti-Corruption Commissions In China:Panacea Or Cure-All Medicine To Fight Corruption, Chan Louis

Chan Louis

With the rapidly economic development and the overall social transformation, corruption has becoming a more prominent threat to China's long-term development. The CPC and Chinese government, while severely cracking down corruption, has proposed a series of strategic thinking to fundamentally solve the problem of corruption. The sharp weapons against corruption in China are generally two institutions, which are Commission for Discipline Inspection responsible for the inspection within the party and the People's Procuratorate, one of key functions of which is prevention and punishment of corruption. A popular saying among Chinese government officials goes: “Fear not the heavens or the earth, …

Socially Responsible Foreign Direct Investment: A Challenge To Tncs In Emerging Markets, Xiaowen Tian, Moxi Song, Ran Tian

Xiaowen Tian

A widening gap between the rich and the poor is found in most, if not all, emerging market countries that have recently opened up to FDI and is threatening the sustainability of economic progress in these countries. The study finds strong evidence that FDI contributes to the widening gap between rich and poor regions through negative productivity spillovers in the largest emerging market of China, and provides some theoretical explanations. The study discusses implications of the findings for transnational corporations in making socially responsible investment and for emerging market countries in attracting foreign investors to poor regions.

Transformational Leadership In China: The Role Of Trust And Harmony, Wai Kwan (Elaine) Lau

Wai Kwan (Elaine) Lau

Transformational leadership attracted a significant amount of scholarly attention in the past few decades. This study is designed to develop an effective transformational leadership model that works in the Chinese context. A model is proposed to clarify the mediating effects of trust and harmony on the relationship between transformational leadership and its effectiveness. The model provides a new perspective on leadership in the Chinese context that is ignored in the Western leadership literature. It also offers a clearer understanding of how best transformational leadership practice combines with traditional Chinese wisdom to do a better job in accounting for the leader-follower …

Multinational R&D In China: Differentiation And Integration Of Global R&D Networks, Jian Wang, Zheng Liang, Lan Xue

Jian Wang

Climate And Land Use Controls On Soil Organic Carbon In The Loess Plateau Region Of China, Yaai Dang, Wei Ren, Bo Tao, Guangsheng Chen, Chaoqun (Crystal) Lu, Jia Yang, Shufen Pan, Guodong Wang, Shiqing Li, Hanqin Tian

Chaoqun (Crystal) Lu

The Loess Plateau of China has the highest soil erosion rate in the world where billion tons of soil is annually washed into Yellow River. In recent decades this region has experienced significant climate change and policy-driven land conversion. However, it has not yet been well investigated how these changes in climate and land use have affected soil organic carbon (SOC) storage on the Loess Plateau. By using the Dynamic Land Ecosystem Model (DLEM), we quantified the effects of climate and land use on SOC storage on the Loess Plateau in the context of multiple environmental factors during the period …

Notes On The Early Devonian Brachiopod Leptaena Ouralensis De Verneuil, 1845, Anthony J. Wright

Anthony Wright

On the basis of the type material, an attempt is made to review the widely reported brachiopod Leptaena ouralensis de Verneuil, 1845, much more commonly known as Megastrophia uralensis (de Verneuil, 1845). Assignment of this species to Megastrophia is still tentative, and many reports of the species, especially those based on crack-out material, must remain doubtful. The species has an established narrow geographic and stratigraphic range to the upper Emsian (upper Lower Devonian) of mostly Siberia, Mongolia and China.

China's Dialectic, Joyce Ng Miss

Joyce Ng Miss

In contemporary times, economic development and the reconciliation of environmental protection has been of increasing concern to the sustainability of the economy. This paper attempts to discuss China’s symbiotic relationship of economic progress and the environment based on extensive literature reviews. With decades of economic pursuits and progress, a mirrored upward trend of environmental degradation ensues. This paper then extends towards China’s current ambiguous environmental governance and hopes to aid in addressing the subsequent research question, of how China can effectively strengthen its environmental governance and protection through sociological empirical methods to boost the effectiveness of their implementation processes at …

Reasons Behind The Decision To Migrate: Are Men’S And Women’S Different? A Review Of The Literature, Veronica Pastor

veronica pastor

While the decision to migrate is always essentially economic, men and women experience different “push and pull factors” and different opportunities resulting in different strategies.

Middle Class, Middle Class Women And The Meaning Of Consumption In Urban China, Dorcas Chang Ping

Dorcas Chang Ping

No abstract provided.

The Confucian Factor And Good Fortune In The National College Entrance Examination In China, Samuel Hinton

Samuel Hinton

No abstract provided.

Ethnic Stratification Amid China’S Economic Transition: Evidence From The Xinjiang Uyghur Autonomous Region, Xiaogang Wu, Xi Song

Xiaogang Wu

This paper analyzes a sample from the 2005 mini-census of Xinjiang to examine ethnic stratification in China’s labor markets, with a special focus on how ethnic earnings inequality varies by employment sector. We show that Han and Uyghur Chinese dominated different economic sectors. Excluding those in agriculture, Uyghurs were more likely to work in government or institutions than either Han locals or migrants, and also more likely to become self-employed. The Han–Uyghur earnings gap was negligible within government/public institutions, but increased with the marketization of the employment sector. It was the largest among the self-employed, followed by employees in private …

Does Political Capital Create Value In The Ipo Market? Evidence From China, Qigui Liu, Jinghua Tang, Gary Gang Tian

Qigui Liu

This study examines the value of political capital in the Chinese IPO market. We find a positive relationship between a politically connected executive and the probability of IPO approval of entrepreneurial firms. We further identify that shareholders value those connections and give a market premium to connected firms after the firms go public. We provide evidence that other types of political capital gained through external sources, such as politically connected sponsors and PE investors, also bring benefits to the firms in their IPO approval, and these connections substitute for the effect of the executive's political connections on IPO approval. We …

China's Regulatory Framework For Outward Foreign Direct Investment, Karl P. Sauvant, Victor Zitian Chen

Karl P. Sauvant

Chinese Courts' Role In Financial Reform: On The First "Vam Agreement" Case In China, Siyi Huang

Siyi Huang

Traditional belief is that courts in authoritarian regimes are only passive institutions and their authority and influence are extremely limited. Despite the conventional wisdom, it’s been noticed that Chinese courts have played a crucial role in China’s financial reform. Drawing on insights from the judgments of three Chinese courts at different levels on the first “value adjustment mechanism” case in China, this article attempts to explore the functional techniques and decision-making process of Chinese courts. The analysis of the court’ judgments suggests that Chinese courts have performed a policy-making function in deciding controversial economic cases, by transcending social and business …

Does Political Capital Create Value In The Ipo Market? Evidence From China, Qigui Liu, Jinghua Tang, Gary Gang Tian

Qigui Liu

This study examines the value of political capital in the Chinese IPO market. We find a positive relationship between a politically connected executive and the probability of IPO approval of entrepreneurial firms. We further identify that shareholders value those connections and give a market premium to connected firms after the firms go public. We provide evidence that other types of political capital gained through external sources, such as politically connected sponsors and PE investors, also bring benefits to the firms in their IPO approval, and these connections substitute for the effect of the executive's political connections on IPO approval. We …

Literature Review: The Religious Revival In China – Commercialism In China, Or Transnationalism And Overseas-Chinese At Work?, Joel Zhen Hong Pang

Joel Zhen Hong Pang

The evolving Chinese Institution of Religion is a national phenomenon catching the attentions of many both within China and the global community, seeing it as a proxy benchmark to the relative opening of China to the world. Religion like a simmered fire, aroused by the Chinese Communist Party (CCP) when it came to power in 1949, institutionalized and enshrined in the constitution of China, 5 protected and sanctioned religions came into state-religious co-appropriation where the state uses the religion and the religion uses the state People’s Republic under Mao Zedong adopted a generally hostile stance to religion, particularly during the …

More Market-Oriented Than U.S. And More Socialist Than China: A Comparative Public Property Story Of Singapore, Jianlin Chen, Jiongzhe Cui

Jianlin Chen

Compared to the more illustrious conceptualization of private property, the conceptualiza-tion of public property remains at a surprisingly infantile stage. The very definition of public property is ambiguous. This article utilizes a comparative case study of traffic congestion policies in the United States, China, and Singapore to highlight the conceptual pitfalls posed by the current confusion on public property. This article proposes a refined public property framework that offers greater conceptual clarity on the real issues at stake. In particular, this article argues that “property” in public property should include regulatory permits while “public” in public property should not be …

Seeing Confucian ‘Active Moral Perception’ In Light Of Contemporary Psychology, Stephen C. Angle

Stephen C. Angle

Mou Zongsan And His Nineteen Lectures On Chinese Philosophy, Stephen C. Angle

Stephen C. Angle

儒家的 “德性 — 礼 — 政治” 模式 ——— 进步儒学视角下的政治哲学, Stephen C. Angle

Stephen C. Angle

Sages And Self-Restriction: A Response To Joseph Chan, Stephen C. Angle

Stephen C. Angle

The Interactions Of Ethnic Minorities In Beijing, Reza Hasmath

Reza Hasmath