An important factor influencing corporate finance and economic growth in China lies in its government sponsored industrial policies. Examining China's five-year plans during 1991–2010, we find that state-owned fi...An important factor influencing corporate finance and economic growth in China lies in its government sponsored industrial policies. Examining China's five-year plans during 1991–2010, we find that state-owned firms in government supported industries enjoy faster growth in initial public offerings and higher offer prices. Further, they enjoy faster growth in loans granted by major national banks. However, this preferential access to capital by state-owned firms appears to be achieved at the expense of non-state-owned firms which are crowded out. Government support induces more investment but also brings more overinvestment, which mainly comes from the non-state sector.Finally, supported industries have higher stock market returns and cash flow growth that dampen when state ownership increases.展开更多
Background Medical consortium is a specific vertical integration model of regional medical resources.To improve medical resources utilization and control the health insurance costs by fee-for-service plans （FFS）,cap...Background Medical consortium is a specific vertical integration model of regional medical resources.To improve medical resources utilization and control the health insurance costs by fee-for-service plans （FFS）,capitation fee and diagnosis-related groups （DRGs）,it is important to explore the attitudes of doctors towards the different health insurance payment in the medical consortium in Shanghai.Methods A questionnaire survey was carried out randomly on 50 doctors respectively in 3 different levels medical institutes.Results The statistical results showed that 90% of doctors in tertiary hospitals had the tendency towards FFS,whereas 78% in secondary hospitals towards DRGs and 84% in community health centers towards capitation fee.Conclusions There are some obvious differences on doctors＇ attitudes towards health insurance payment in 3 different levels hospitals.Thus,it is feasible that health insurance payment should be supposed to the doctors＇ attitudes using the bundled payments along with the third-party payment as a supervisor within consortium.展开更多
Increased urbanisation,economic growth,and long-term climate variability have made both the UK and China more susceptible to urban and river flooding,putting people and property at increased risk.This paper presents a...Increased urbanisation,economic growth,and long-term climate variability have made both the UK and China more susceptible to urban and river flooding,putting people and property at increased risk.This paper presents a review of the current flooding challenges that are affecting the UK and China and the actions that each country is undertaking to tackle these problems.Particular emphases in this paper are laid on(1)learning from previous flooding events in the UK and China,and(2)which management methodologies are commonly used to reduce flood risk.The paper concludes with a strategic research plan suggested by the authors,together with proposed ways to overcome identified knowledge gaps in flood management.Recommendations briefly comprise the engagement of all stakeholders to ensure a proactive approach to land use planning,early warning systems,and water-sensitive urban design or redesign through more effective policy,multi-level flood models,and data driven models of water quantity and quality.展开更多
This article proposes a statistical method for working out reliability sampling plans under Type I censored sample for items whose failure times have either normal or lognormal distributions. The quality statistic is ...This article proposes a statistical method for working out reliability sampling plans under Type I censored sample for items whose failure times have either normal or lognormal distributions. The quality statistic is a method of moments estimator of a monotonous function of the unreliability. An approach of choosing a truncation time is recommended. The sample size and acceptability constant are approximately determined by using the Cornish-Fisher expansion for quantiles of distribution. Simulation results show that the method given in this article is feasible.展开更多
基金a generous Tier 2 grant from the Ministry of Education of Singapore, # R-521-000-024-112National Natural Science Foundation of China, # 71372032
文摘An important factor influencing corporate finance and economic growth in China lies in its government sponsored industrial policies. Examining China's five-year plans during 1991–2010, we find that state-owned firms in government supported industries enjoy faster growth in initial public offerings and higher offer prices. Further, they enjoy faster growth in loans granted by major national banks. However, this preferential access to capital by state-owned firms appears to be achieved at the expense of non-state-owned firms which are crowded out. Government support induces more investment but also brings more overinvestment, which mainly comes from the non-state sector.Finally, supported industries have higher stock market returns and cash flow growth that dampen when state ownership increases.
文摘Background Medical consortium is a specific vertical integration model of regional medical resources.To improve medical resources utilization and control the health insurance costs by fee-for-service plans （FFS）,capitation fee and diagnosis-related groups （DRGs）,it is important to explore the attitudes of doctors towards the different health insurance payment in the medical consortium in Shanghai.Methods A questionnaire survey was carried out randomly on 50 doctors respectively in 3 different levels medical institutes.Results The statistical results showed that 90% of doctors in tertiary hospitals had the tendency towards FFS,whereas 78% in secondary hospitals towards DRGs and 84% in community health centers towards capitation fee.Conclusions There are some obvious differences on doctors＇ attitudes towards health insurance payment in 3 different levels hospitals.Thus,it is feasible that health insurance payment should be supposed to the doctors＇ attitudes using the bundled payments along with the third-party payment as a supervisor within consortium.
基金supported by the National Key Research and Development Program of China(Grant No.2016YFE0122500)the Researcher Links Fund,British Council(Grant No.227109770)+1 种基金the National Natural Science Foundation of China(Grants No.5151101425 and 51579166)the Open Research Fund from the State Key Laboratory of Hydraulics and Mountain River Engineering,Sichuan University(Grants No.SKHL1601 and SKHL1602)
文摘Increased urbanisation,economic growth,and long-term climate variability have made both the UK and China more susceptible to urban and river flooding,putting people and property at increased risk.This paper presents a review of the current flooding challenges that are affecting the UK and China and the actions that each country is undertaking to tackle these problems.Particular emphases in this paper are laid on(1)learning from previous flooding events in the UK and China,and(2)which management methodologies are commonly used to reduce flood risk.The paper concludes with a strategic research plan suggested by the authors,together with proposed ways to overcome identified knowledge gaps in flood management.Recommendations briefly comprise the engagement of all stakeholders to ensure a proactive approach to land use planning,early warning systems,and water-sensitive urban design or redesign through more effective policy,multi-level flood models,and data driven models of water quantity and quality.
基金This work is partially supported by National Natural Science Foundation of China (10071090 and 10271013).
文摘This article proposes a statistical method for working out reliability sampling plans under Type I censored sample for items whose failure times have either normal or lognormal distributions. The quality statistic is a method of moments estimator of a monotonous function of the unreliability. An approach of choosing a truncation time is recommended. The sample size and acceptability constant are approximately determined by using the Cornish-Fisher expansion for quantiles of distribution. Simulation results show that the method given in this article is feasible.
