The Reform of Administrative Examination and Approval System and Administrative Permission

2018 ◽  
pp. 27-55
Author(s):  
Huaide Ma ◽  
Jingbo Wang
Keyword(s):  
Administrative Examination And Approval

Corruption, financial development and capital structure: evidence from China

2017 ◽  
Vol 7 (3) ◽  
pp. 295-322 ◽  
Author(s):  
Feng Wei ◽  
Yu Kong
Keyword(s):  
Capital Structure ◽  
Financial Development ◽  
Listed Companies ◽  
Bank Loans ◽  
Legal Environment ◽  
Negative Effects ◽  
Internal Factors ◽  
Content Type ◽  
Using Data ◽  
Administrative Examination And Approval

Purpose This paper takes listed companies in the Shanghai and Shenzhen stock markets from 1998 to 2013 as a research sample, investigating the role played by corruption and financial development, along with the interactions between the two, in determining the factors of a company’s capital structure in China’s legal environment. The paper aims to discuss these issues. Design/methodology/approach Using data of listed companies and the regional level of China during 1998-2013 and the STATA process (xtabond2 command) developed by Roodman (2006) to implement the two-step GMM estimation, empirically investigate the effect of interactions between corruption and financial development on a company’s capital structure in Chinese legal environment. Findings After both controlling for China’s legal environment, a company’s internal factors, and industry factors and considering endogeneity problems, the results show that corruption and financial development have significant positive influences on a company’s bank loans. However, when investigating the interactions between corruption and financial development, the authors find that financial development does not increase a company’s bank loans in areas with a higher level of corruption. However, corruption and financial development have insignificant influences on a company’s long-term bank loans. Research limitations/implications The findings in this study suggest that a company’s capital structure was affected not only by the company’s internal factors and industry factors, but also by the company’s external factors, and the interactions between these factors. Practical implications To improve the financing circumstances of company credit, the next point of reform should be to improve their procedures for administrative examination and approval of bank creditors and strengthen the punishment and prevention of credit and judicial corruption to weaken the negative effects of corruption on firms’ capital structure decisions. Originality/value This study uses only Chinese listed companies, and considers the influence of the interaction of corruption and financial development on a company’s capital structure decisions.

scholarly journals Has the Reform of the Administrative Examination and Approval System Increased the Efficiency of Resource Allocation: Evidence from China

2021 ◽  
Vol 2021 ◽  
pp. 1-15
Author(s):  
Yangyang Zhong ◽  
Yilin Zhong ◽  
Longpeng Zhang
Keyword(s):  
Resource Allocation ◽  
Business Performance ◽  
Entry And Exit ◽  
Empirical Results ◽  
Administrative Division ◽  
Enterprise Level ◽  
Administrative Examination And Approval

Based on data from the China Industry Business Performance Database from 1998 to 2007 and the time of establishment of the administrative examination and approval center in each administrative division in China, this study attempts to empirically determine the effects of the reform of the administrative examination and approval system on the efficiency of resource allocation from the perspectives of the degree of enterprise-level productivity dispersion. The empirical results showed that the reform of the administrative examination and approval system significantly reduced the degree of productivity dispersion among enterprises in an industry, in addition to enhancing the efficiency of resource allocation in the industry. A further analysis of heterogeneity revealed that the reform of the administrative examination and approval system yielded greater enhancements of the efficiency of resource allocation in industries with lower entry and exit rates.

Research on Functional Structure and Database Platform for Enterprise OA System

2014 ◽  
Vol 543-547 ◽  
pp. 3308-3311
Author(s):  
Hong Min Wang ◽  
Xiao Li San
Keyword(s):  
Public Information ◽  
Goal Function ◽  
Automation System ◽  
Research Database ◽  
Enterprise Information ◽  
Positive Role ◽  
Official Document ◽  
Administrative Examination And Approval ◽  
Office System ◽  
Database Platform

Enterprise applications office automation system can reduce the burden on staff, improve quality, and promote standardized management, improve the management level, thus promoting informatization construction. This paper launches the research in view of the difficult problems of enterprise OA construction. Firstly, it basics on the construction goal, function structure was studied by the personal office, administrative management, official document system, public information, administrative examination and approval, auxiliary office, system management seven big modules; then, research database platform, through a list of ways describes a list of design components, logic, and so on, Domino database component consisting of access control. Contents of this paper, for improving the level of enterprise information, improve office efficiency and achieve economic aspects of business by leaps and bounds and so will play a positive role in promoting.

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