Using political mobility data for 189 leaders from China’s central state-owned enterprise (CSOEs) in 2008-2011, for the first time this paper investigates the mechanism of political turnover for leaders as quasi-government officers in CSOEs. We find that: (1) the likelihood of promotion of...

This paper attempts to analyze corporate tax evasion in a principal-agent framework. We assume that the firm's profit is positively related to managerial effort and that the executive compensation is profit-based. In addition, we consider the situation where the manager might underreport the...

Generally, Political Business Cycles happens in western economy, which reflects that macro-economy fluctuating is according with election cycles. The reason is that statesmen and citizens often do not have the same interest. And also, there is information asymmetry between them. Consequently,...

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Chinese Abstract:...

English Abstract: The authors review the availability and allocation of commercial credit in China, the investment options presented to savers and the funding options available to Chinese banks. They highlight the markets intrinsic deficiencies, vast externalities and tremendous potentials for...

Combining the characteristics of BM direction distance function, non- radial DEA model and Luenberger productivity indicators, we develop a non-radial BML-DEA model to measure Environmental Performance. And by using the panel data of 30 provinces from 1997 to 2011 in China, we measure and...

利用ELECTRE II法对深圳水库流域2020年的九个污水处理方案进行了优选。从决策准则、候选方案、决策方法及方案排序四个方面做了分析。1)...

Combining the characteristics of GM direction distance function, non- radial DEA model and Luenberger productivity indicators, we develop a non-radial global DEA model to measure eco-performance of different regions. Using the data from 1995 to 2011 of 30 provinces, we have calculated the...