How are central SOEs driven by external context and internal value chain to perform their corporate social responsibility(CSR)?What is the relationship between various types of CSR?This paper divides CSR into strategi...How are central SOEs driven by external context and internal value chain to perform their corporate social responsibility(CSR)?What is the relationship between various types of CSR?This paper divides CSR into strategic and responsive CSR,and uses case studies to discuss how central SOEs should fulfill their CSR commitments under the Belt and Road Initiative(BRI).This paper finds that under the BRI,China’s central SOEs face a host of challenges in their cross-border operations with respect to the legal environment,political risks,workforce competence,and supports to industries in host countries,and extend the value chain through industrial chain integration.All the above internal and external attributes may drive central SOEs to perform their strategic and responsive CSR initiatives,and responsive CSR could also reinforce strategic CSR initiatives.Finally,this study offers advice on how Chinese companies should perform CSR under the BRI.展开更多
The global financial crisis has brought stateowned enterprises (SOEs) into the spotlight. Even Western countries like the U.S. have been forced to take some measures of nationalization, a departure
China＇s complex and twisted journey of SOE reform over the past four decades is an unprecedented transformation in its history and is at the center stage of its economic reforms. Over the past four decades, SOEs tran...China＇s complex and twisted journey of SOE reform over the past four decades is an unprecedented transformation in its history and is at the center stage of its economic reforms. Over the past four decades, SOEs transitioned from being affiliates of a planned economy to ＂new SOEs＂ as modern enterprises under the market economic system. This journey can be roughly divided into the following four stages： the reform to expand SOE autonomy during 1978-1993, the reform to create a modern enterprise system during 1993- 2003, the reform to create a new system for the administration of state assets during 2003- 2013, and the new era of classified SOE reform since 2013. After the four stages, China＇s SOE reform has made tremendous achievements, particularly since the 18th CPC National Congress. V~th policy readiness for SOE reform in the new era, reform should be carried out in a comprehensive and systematic manner for different types of SOEs in the future.展开更多
The reform for Chinese state-owned enterprises (SOEs)during the past twenty years selected several ways which couldn't solve essential problems and improve the performance of the SOEs in China. The reason is that ...The reform for Chinese state-owned enterprises (SOEs)during the past twenty years selected several ways which couldn't solve essential problems and improve the performance of the SOEs in China. The reason is that traditional ownership instituton wasn't changed at all,the institution reach an impasse in market system which resulted in the fact that SOEs couldn't get used to keen competition. This paper analyses an ownership restructuring case in which an executive holds major capital stock in a state textile institute restructured and therefore the state ownership was withdrawn from it completely, it expounds the rationality of the model selected and points out that the model is currently a very effective way by which M & S SOEs would withdraw from competitive business field successfully.展开更多
Key to energize State-Owned-Enterprises (hereinafter SOEs) is to set up effective incentive and discipline mechanisms. First of all, the paper analyses the problems existing in the current incentive and discipline mec...Key to energize State-Owned-Enterprises (hereinafter SOEs) is to set up effective incentive and discipline mechanisms. First of all, the paper analyses the problems existing in the current incentive and discipline mechanism system in SOEs, including low transparency income and considerable covert income, insider control,corporate governance nominalization and so on; next,the paper explores the causes behind these problems,such as incomplete corporate governance and imperfect market mechanism; finally, the paper proposes a series of solutions from the aspects of incentive mechanism and discipline mechanism.展开更多
At the present stage of the SOEs joint share system reform, the problem of distorted accounting information, the failed financial audit and the ensuing erosion of the state： Owned assets, have severely impeded the pr...At the present stage of the SOEs joint share system reform, the problem of distorted accounting information, the failed financial audit and the ensuing erosion of the state： Owned assets, have severely impeded the process of the SOEs reform. This paper conducts an in-depth analysis on auditing problems in the process of the SOEs reform from managerial points of view, makes the suggestion that we should introduce governmental audit into the auditing supervision of the SOEs reform, and discusses its methods, approaches, contents and procedures in detail. This paper also indicates the possible obstacles of implementing this suggestion.展开更多
This paper paints out that historical factors and ’high withdrawal barriers’ are to blame for some low indices of SOEs.Supposing SOEs can withdraw freely as non.SOEs do,their indices will not necessarily be lower th...This paper paints out that historical factors and ’high withdrawal barriers’ are to blame for some low indices of SOEs.Supposing SOEs can withdraw freely as non.SOEs do,their indices will not necessarily be lower than the non-SOEs.If we take into account the input of the current period,the efficiency of SOEs is actually higher than that of non-SOEs.The author concludes that the notion that"SOEs are inefficient"is ungrounded and instead that historical factors and ’high withdrawal barriers’ are to blame for some low indices of SOEs.展开更多
Since the beginning of 2005, the central SOEs (state-owned enterprises) earnestly carried out and put into effect various strategies and policies as well as work plans of the Central Committee of the Party and the... Since the beginning of 2005, the central SOEs (state-owned enterprises) earnestly carried out and put into effect various strategies and policies as well as work plans of the Central Committee of the Party and the State Council.They kept forging ahead and carved out in an innovative spirit, and made great achievements worth celebrating in their various work.Both sales revenue and total profits of the central SOEs have been growing rapidly and synchronously, and the quality of the stateowned assets have been further improved and appeared a good momentum.……展开更多
ANSTEEL,one of the largest iron and steel producers in China,is a pioneer of high-quality development of China’s iron and steel industry,a spearhead of the rejuvenation of old industrial bases in the country’s north...ANSTEEL,one of the largest iron and steel producers in China,is a pioneer of high-quality development of China’s iron and steel industry,a spearhead of the rejuvenation of old industrial bases in the country’s northeastern provinces,and a pacesetter in the reform of state-owned enterprises(SOEs).展开更多
ACCORDING to an Economic Information Daily report on January 11, notable progress has been made in this classification process, which will be made public in the near future. A corresponding assessment scheme has also ...ACCORDING to an Economic Information Daily report on January 11, notable progress has been made in this classification process, which will be made public in the near future. A corresponding assessment scheme has also been formulated, Consequently, mixed ownership reform based on SOE classification will be accelerated.展开更多
Hu Deping,68,is the oldest son of Hu Yaobang,a late Party secretary general. His name has recently appeared in the press not because of his father’s reputation but for his own
针对基于剩余容量的电池使用能力描述方法不能线性对应车辆行驶里程的问题,分析了电池充放电能量的计算方法和影响因素,通过建立单体电池能量状态(State Of Energy,SOE)的定义和估算方法,提出了电池组最大可用能量的概念和串联电池组SO...针对基于剩余容量的电池使用能力描述方法不能线性对应车辆行驶里程的问题,分析了电池充放电能量的计算方法和影响因素,通过建立单体电池能量状态(State Of Energy,SOE)的定义和估算方法,提出了电池组最大可用能量的概念和串联电池组SOE估算方法,为纯电动汽车行驶里程的准确估算和串联电池组均衡维护提供理论依据.展开更多
In the context of economic globalization,while multinational enterprises from developed countries occupy a high-end position in the global value chain,enterprises from developing countries are often marginalized in th...In the context of economic globalization,while multinational enterprises from developed countries occupy a high-end position in the global value chain,enterprises from developing countries are often marginalized in the world market.In China,resource-based state-owned enterprises(SOEs)are tasked with the mission of safeguarding resource security,and their internationalization development ideas and strategic deployment are significantly and fundamentally different from those of other non-state-owned enterprises and large multinational corporations.This study provides ideas for the globalization policies of enterprises in developing countries.We consider J Group in western China as a case and discuss its productive investment and global production network development from 2010 to 2019.We found that J Group was‘Partly'globalized,and there are multiple core nodes with the characteristics of centralized and decentralized coexistence in the production network;in addition,the overall layout centre shifted to Southeast Asia and China;however,its global production was restricted by the enterprise's investment security considerations,support and restrictions of the home country,political security risk of the host country,and sanctions from the West.These findings provide insights for future research:under the wave of anti-globalization and'internal circulation as the main body',resource SOEs should consider the potential risk of investment,especially keeping the middle and downstream industrial chain in China as much as possible.展开更多
基金sponsored by National Natural Science Foundation of China(Approval No.71772037,71628201)2018 Major Project of Beijing Research Center for Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era(Approval No.18ZDL16)。
文摘How are central SOEs driven by external context and internal value chain to perform their corporate social responsibility(CSR)?What is the relationship between various types of CSR?This paper divides CSR into strategic and responsive CSR,and uses case studies to discuss how central SOEs should fulfill their CSR commitments under the Belt and Road Initiative(BRI).This paper finds that under the BRI,China’s central SOEs face a host of challenges in their cross-border operations with respect to the legal environment,political risks,workforce competence,and supports to industries in host countries,and extend the value chain through industrial chain integration.All the above internal and external attributes may drive central SOEs to perform their strategic and responsive CSR initiatives,and responsive CSR could also reinforce strategic CSR initiatives.Finally,this study offers advice on how Chinese companies should perform CSR under the BRI.
文摘The global financial crisis has brought stateowned enterprises (SOEs) into the spotlight. Even Western countries like the U.S. have been forced to take some measures of nationalization, a departure
基金＇ From the two dimensions of modem property ownership system and market-based management system, ＇haew SOEs＂ can be defined as SOEs with modem property ownership systems （characterized by equity diversification and standard corporate governance） and market-based management system （characterized by independent operation, decision-making and management）. See ＂Pre ＇hminary Study on New SOEs Phenomenon＂, China Industrial Economics, Vol.6 2005 by Jin Bei and Huang Qunhui.
文摘China＇s complex and twisted journey of SOE reform over the past four decades is an unprecedented transformation in its history and is at the center stage of its economic reforms. Over the past four decades, SOEs transitioned from being affiliates of a planned economy to ＂new SOEs＂ as modern enterprises under the market economic system. This journey can be roughly divided into the following four stages： the reform to expand SOE autonomy during 1978-1993, the reform to create a modern enterprise system during 1993- 2003, the reform to create a new system for the administration of state assets during 2003- 2013, and the new era of classified SOE reform since 2013. After the four stages, China＇s SOE reform has made tremendous achievements, particularly since the 18th CPC National Congress. V~th policy readiness for SOE reform in the new era, reform should be carried out in a comprehensive and systematic manner for different types of SOEs in the future.
基金The National Natural Science Fund Aid Project(No.79925004,79870022)
文摘The reform for Chinese state-owned enterprises (SOEs)during the past twenty years selected several ways which couldn't solve essential problems and improve the performance of the SOEs in China. The reason is that traditional ownership instituton wasn't changed at all,the institution reach an impasse in market system which resulted in the fact that SOEs couldn't get used to keen competition. This paper analyses an ownership restructuring case in which an executive holds major capital stock in a state textile institute restructured and therefore the state ownership was withdrawn from it completely, it expounds the rationality of the model selected and points out that the model is currently a very effective way by which M & S SOEs would withdraw from competitive business field successfully.
文摘Key to energize State-Owned-Enterprises (hereinafter SOEs) is to set up effective incentive and discipline mechanisms. First of all, the paper analyses the problems existing in the current incentive and discipline mechanism system in SOEs, including low transparency income and considerable covert income, insider control,corporate governance nominalization and so on; next,the paper explores the causes behind these problems,such as incomplete corporate governance and imperfect market mechanism; finally, the paper proposes a series of solutions from the aspects of incentive mechanism and discipline mechanism.
文摘At the present stage of the SOEs joint share system reform, the problem of distorted accounting information, the failed financial audit and the ensuing erosion of the state： Owned assets, have severely impeded the process of the SOEs reform. This paper conducts an in-depth analysis on auditing problems in the process of the SOEs reform from managerial points of view, makes the suggestion that we should introduce governmental audit into the auditing supervision of the SOEs reform, and discusses its methods, approaches, contents and procedures in detail. This paper also indicates the possible obstacles of implementing this suggestion.
文摘This paper paints out that historical factors and ’high withdrawal barriers’ are to blame for some low indices of SOEs.Supposing SOEs can withdraw freely as non.SOEs do,their indices will not necessarily be lower than the non-SOEs.If we take into account the input of the current period,the efficiency of SOEs is actually higher than that of non-SOEs.The author concludes that the notion that"SOEs are inefficient"is ungrounded and instead that historical factors and ’high withdrawal barriers’ are to blame for some low indices of SOEs.
文摘 Since the beginning of 2005, the central SOEs (state-owned enterprises) earnestly carried out and put into effect various strategies and policies as well as work plans of the Central Committee of the Party and the State Council.They kept forging ahead and carved out in an innovative spirit, and made great achievements worth celebrating in their various work.Both sales revenue and total profits of the central SOEs have been growing rapidly and synchronously, and the quality of the stateowned assets have been further improved and appeared a good momentum.……
文摘ANSTEEL,one of the largest iron and steel producers in China,is a pioneer of high-quality development of China’s iron and steel industry,a spearhead of the rejuvenation of old industrial bases in the country’s northeastern provinces,and a pacesetter in the reform of state-owned enterprises(SOEs).
文摘ACCORDING to an Economic Information Daily report on January 11, notable progress has been made in this classification process, which will be made public in the near future. A corresponding assessment scheme has also been formulated, Consequently, mixed ownership reform based on SOE classification will be accelerated.
文摘Hu Deping,68,is the oldest son of Hu Yaobang,a late Party secretary general. His name has recently appeared in the press not because of his father’s reputation but for his own
文摘针对基于剩余容量的电池使用能力描述方法不能线性对应车辆行驶里程的问题,分析了电池充放电能量的计算方法和影响因素,通过建立单体电池能量状态(State Of Energy,SOE)的定义和估算方法,提出了电池组最大可用能量的概念和串联电池组SOE估算方法,为纯电动汽车行驶里程的准确估算和串联电池组均衡维护提供理论依据.
基金supported by National Natural Science Foundation of China(Grants No.41971198 and 42371198)Fundamental Research Funds for the Central Universities(Grant No.lzujbky-2023-it24).
文摘In the context of economic globalization,while multinational enterprises from developed countries occupy a high-end position in the global value chain,enterprises from developing countries are often marginalized in the world market.In China,resource-based state-owned enterprises(SOEs)are tasked with the mission of safeguarding resource security,and their internationalization development ideas and strategic deployment are significantly and fundamentally different from those of other non-state-owned enterprises and large multinational corporations.This study provides ideas for the globalization policies of enterprises in developing countries.We consider J Group in western China as a case and discuss its productive investment and global production network development from 2010 to 2019.We found that J Group was‘Partly'globalized,and there are multiple core nodes with the characteristics of centralized and decentralized coexistence in the production network;in addition,the overall layout centre shifted to Southeast Asia and China;however,its global production was restricted by the enterprise's investment security considerations,support and restrictions of the home country,political security risk of the host country,and sanctions from the West.These findings provide insights for future research:under the wave of anti-globalization and'internal circulation as the main body',resource SOEs should consider the potential risk of investment,especially keeping the middle and downstream industrial chain in China as much as possible.
