Background: Elimination of poverty is an important part to achieve a comprehensive well-off in China, and financial means and tool play an important role in it. Methods: This paper employs credit capitalization model and future-oriented valuation method, uses the data from leading enterprise....

Background: After revenue-sharing system reform, the proportion of tax refund in fiscal transfer payments continued to decline, and the proportion of categorical grant and condition grant is increased. The paper studies how transfer payment structure effect fiscal efficiency from the perspective...