We propose that independent directors are likely to play a political role in an institutional setting featuring weak investor protection and strong government intervention. Using Chinese data for 2001–2014, we invest...We propose that independent directors are likely to play a political role in an institutional setting featuring weak investor protection and strong government intervention. Using Chinese data for 2001–2014, we investigate whether the stock price reaction to an independent director's death is related to his or her political connection. We find a stronger negative reaction to the death announcements of politically connected than politically unconnected independent directors. The magnitude of the reaction is positively related to directors' political rank, and cannot be offset by their firms' political capital. However,we document no evidence of politically connected independent directors exhibiting superior monitoring or consulting performance. Additional analyses show that firms are more inclined to appoint a politically connected independent director as a successor if his or her predecessor also had political connections. Our study broadens scholarly understanding of independent directors' role in a non-Anglo-American setting.展开更多
BETWEEN OCTOBER 13 AND 15,2016,hosted by the International Department,the CPC Central Committee and organized by the CPC Chongqing Municipal Committee,the CPC in Dialogue with the World 2016was held in Chongqing.Theme...BETWEEN OCTOBER 13 AND 15,2016,hosted by the International Department,the CPC Central Committee and organized by the CPC Chongqing Municipal Committee,the CPC in Dialogue with the World 2016was held in Chongqing.Themed'Innovation in Global Economic Governance:Initiatives and Actions of Political Parties',the annual event was展开更多
The Tatmadaw remains the most regardless of other changes to powerful political entity in Myanmar, motivated to preserve four core interests the state and society--maintenance of complete institutional autonomy and in...The Tatmadaw remains the most regardless of other changes to powerful political entity in Myanmar, motivated to preserve four core interests the state and society--maintenance of complete institutional autonomy and independence; exclusive control over security portfolios; veto powers over constitutional change; and inhibiting prosecution for actions conducted during the Junta era. These interests are embedded within and supported by a praetorian ethos pillared upon a national security narrative justifying the military＇s ongoing political involvement while the democratic process continues to mature, including past the upcoming parliamentary elections this November. New institutions and practices, however, have opened the political realm in unprecedented ways. Within this increasingly shifting political landscape, it is uncertain the unity and coherence of the regime--the military and their retired brethren in charge of the executive and parliament to maintain power, especially due to the large manipulations of the electoral and democratic processes which would be required to ensure their rule. Military intervention cannot be ruled out, but the Tatmadaw is reluctant to overtly and aggressively regain control politically unless it feels its core interests will be irrevocably and immediately compromised by a new government. With their roles and responsibilities protected, the military may feel they can control, or at least marginalize, a parliament and/or government hostile to its interests. The 2015 elections will not, therefore, mark the end of the military＇s preponderant political influence but continue to erode their control over the pathways of political power and may bring about the first truly civilian-military government in the country＇s transition away from military rule; a significant milestone as those outside the old, yet still influential, military regime gain access to begrudgingly-ceded power.展开更多
This work traces the historical development and impact of political Islam on international relations （IR） from the last century to date. In this article the author asserts that understanding the rise of political Is...This work traces the historical development and impact of political Islam on international relations （IR） from the last century to date. In this article the author asserts that understanding the rise of political Islam at the world＇s stage and IR generally can be genealogically traced to two interrelated developments： the rise of the Muslim Brotherhood （MB） in Egypt since 1928 as a social and political movement against the growing Western influence in the Islamic World after the collapse of the ottoman empire; and the development of the post-World War II IR theories, and practices which provided the basis of the political, military, and security doctrines of the United States and its allies which proved its lack of reliability and validity, particularly as related to the Muslim World, and the role of religion within the Muslim states and place of religion in global politics.展开更多
The Orthodoxy has been in existence in Russia for more than 1000years and has fully merged itself into the nation,creating a strongsense of religious culture.During the long years of the reigns by differ-ent regimes f...The Orthodoxy has been in existence in Russia for more than 1000years and has fully merged itself into the nation,creating a strongsense of religious culture.During the long years of the reigns by differ-ent regimes from the Czarist Russia to the Soviet Union and then to thenew Russia,the religion went through the process of ups and downs inits development.Having once played a very important role in the展开更多
基金National Natural Science Foundation of China (Nos.71302105,71372041,and 71572100)MOE Project for Key Research Institutes of Humanities and Social Science (No.13JJD790019)MOE Foundation for Humanities and Social Science (No.13YJA790057)
文摘We propose that independent directors are likely to play a political role in an institutional setting featuring weak investor protection and strong government intervention. Using Chinese data for 2001–2014, we investigate whether the stock price reaction to an independent director's death is related to his or her political connection. We find a stronger negative reaction to the death announcements of politically connected than politically unconnected independent directors. The magnitude of the reaction is positively related to directors' political rank, and cannot be offset by their firms' political capital. However,we document no evidence of politically connected independent directors exhibiting superior monitoring or consulting performance. Additional analyses show that firms are more inclined to appoint a politically connected independent director as a successor if his or her predecessor also had political connections. Our study broadens scholarly understanding of independent directors' role in a non-Anglo-American setting.
文摘BETWEEN OCTOBER 13 AND 15,2016,hosted by the International Department,the CPC Central Committee and organized by the CPC Chongqing Municipal Committee,the CPC in Dialogue with the World 2016was held in Chongqing.Themed'Innovation in Global Economic Governance:Initiatives and Actions of Political Parties',the annual event was
文摘The Tatmadaw remains the most regardless of other changes to powerful political entity in Myanmar, motivated to preserve four core interests the state and society--maintenance of complete institutional autonomy and independence; exclusive control over security portfolios; veto powers over constitutional change; and inhibiting prosecution for actions conducted during the Junta era. These interests are embedded within and supported by a praetorian ethos pillared upon a national security narrative justifying the military＇s ongoing political involvement while the democratic process continues to mature, including past the upcoming parliamentary elections this November. New institutions and practices, however, have opened the political realm in unprecedented ways. Within this increasingly shifting political landscape, it is uncertain the unity and coherence of the regime--the military and their retired brethren in charge of the executive and parliament to maintain power, especially due to the large manipulations of the electoral and democratic processes which would be required to ensure their rule. Military intervention cannot be ruled out, but the Tatmadaw is reluctant to overtly and aggressively regain control politically unless it feels its core interests will be irrevocably and immediately compromised by a new government. With their roles and responsibilities protected, the military may feel they can control, or at least marginalize, a parliament and/or government hostile to its interests. The 2015 elections will not, therefore, mark the end of the military＇s preponderant political influence but continue to erode their control over the pathways of political power and may bring about the first truly civilian-military government in the country＇s transition away from military rule; a significant milestone as those outside the old, yet still influential, military regime gain access to begrudgingly-ceded power.
文摘This work traces the historical development and impact of political Islam on international relations （IR） from the last century to date. In this article the author asserts that understanding the rise of political Islam at the world＇s stage and IR generally can be genealogically traced to two interrelated developments： the rise of the Muslim Brotherhood （MB） in Egypt since 1928 as a social and political movement against the growing Western influence in the Islamic World after the collapse of the ottoman empire; and the development of the post-World War II IR theories, and practices which provided the basis of the political, military, and security doctrines of the United States and its allies which proved its lack of reliability and validity, particularly as related to the Muslim World, and the role of religion within the Muslim states and place of religion in global politics.
文摘The Orthodoxy has been in existence in Russia for more than 1000years and has fully merged itself into the nation,creating a strongsense of religious culture.During the long years of the reigns by differ-ent regimes from the Czarist Russia to the Soviet Union and then to thenew Russia,the religion went through the process of ups and downs inits development.Having once played a very important role in the
