Port and terminal efficiency are of utmost importance to the container shipping industry due to their significance in enhancing the competitive advantage of ports within a region. Consequently, there have always been ...Port and terminal efficiency are of utmost importance to the container shipping industry due to their significance in enhancing the competitive advantage of ports within a region. Consequently, there have always been notable variations of studies around it. This paper analyzes the impact of privatization on terminal efficiency using the Port of Tema as a Case Study. The main objective of this paper is to analyze the efficiency trends of the public and private terminals in the port over the years. To achieve this objective, DEA-CCR methodology was employed to calculate the annual technical efficiency trends of the private and public terminals using four input variables and three output variables. The main results of the paper indicated that the public and private terminals were efficient for multiple years. However, the efficiency scores over the years demonstrated inconsistency, exhibiting notable fluctuations. The findings of this study will aid policymakers across the region on policies relating to the efficiency and ownership structure of ports and terminals.展开更多
Based on the keynote report by Professor Martin Thrupp,this paper discusses the hollowing out of education provision by the state and the permeation of managerialism.It was pointed out that principals and boards of tr...Based on the keynote report by Professor Martin Thrupp,this paper discusses the hollowing out of education provision by the state and the permeation of managerialism.It was pointed out that principals and boards of trustees in socioeconomically advantaged areas may not be willing to share their benefits with schools in less advantaged areas.The new liberal policies have hollowed out state provision of education,so the education system has come to rely heavily on private actors.This paper also presents the current stage of privatization in Japan and the principals’and teachers’perceptions of privatization.展开更多
The high Zoige Basin （Ruoergai Plateau） on the eastern Tibetan Plateau is a fault depression formed during intensive uplifting of the Tibetan Plateau. The wetland is globally important in biodiversity and is compose...The high Zoige Basin （Ruoergai Plateau） on the eastern Tibetan Plateau is a fault depression formed during intensive uplifting of the Tibetan Plateau. The wetland is globally important in biodiversity and is composed of marshes, bogs, fens, wet meadows and shallow water interspersed with low hills and sub-alpine meadows. Most of the Zoige wetlands have long been one of the most important grazing lands in China. Recent rangeland policy has allowed grazing, and usable wetland areas have been being legally allocated to individuals or groups of households on a long-term lease basis. Privatizafion of the wetland has impacted the Zoige wetlands in aspects of hydrologic condition, landscape and biodiversity. The uneven spatial distribution of water resources onprivatelands has led to the practice of extracting ground water, which has decreased the perched water table in Zoige. Fencing off the rangelands and grazing on expanding sand dunes have affected landscapes. Variation in the water table has led to the changes in vegetation diversity, resulting in the changes in wildlife and aquatic diversities and ecosystem processes. Making use all year round of the pasture that was previously grazed only in summer has shrunk the daily activity space of wildlife, and the newly erected fences blocked the movement of wild animals looking for food in the snow to lower and open areas. To maintain the favorable conditions of the Zoige wetland ecosystem, the author suggests that, in addition to biophysical research and implementation of conservation practices, there is an immediate need to initiate an integrated management program, increase public awareness of wetland functions and provide better training for the local conservation staff.展开更多
The aim of this paper is to consider the problem of politicians＇ control of state-owned enterprises in a transforming economy. The control of a company can be treated as a choice of a strategy pursued by this company...The aim of this paper is to consider the problem of politicians＇ control of state-owned enterprises in a transforming economy. The control of a company can be treated as a choice of a strategy pursued by this company. In order to present politicians＇ influence on a company＇s strategy, we consider the case of a firm controlled by the State Treasury （i.e., by politicians） and a company outside politicians＇ control, both functioning in a favorable and an unfavorable state of the economy. We propose the option-to-switch valuation model as a method of measuring politicians＇ private benefits of control. We illustrate the considerations using data concerning Poland＇s printing industry.展开更多
Since the last century, China has carried out the reform of public utilities in the ninety time, and has achieved many positive results. The quality and efficiency of public goods supply is greatly improved. The gover...Since the last century, China has carried out the reform of public utilities in the ninety time, and has achieved many positive results. The quality and efficiency of public goods supply is greatly improved. The government has changed the role of producer and provider from the past to the role of provider and regulator, which effectively promoted the development of the privatization of public utilities. However, in the achievements there has also been some problems, such as too much emphasis on efficiency to the neglect of social justice and the government＇s public responsibility ＂efficiency generalization＂ problem that requires our attention.展开更多
India is the world＇s largest democracy. The preamble of the constitution enshrines the values of a socialist, secular and equality. The aim was to create a society, based on fair and equitable distribution of resourc...India is the world＇s largest democracy. The preamble of the constitution enshrines the values of a socialist, secular and equality. The aim was to create a society, based on fair and equitable distribution of resources and bringing the weaker sections to the mainstream of the society. However with the entry of globalization rapid changes were being made in the structural policy. Markets started taking over from where the state left off. it has been two decades and half since the liberalization, privatization and globalization phase was ushered in. Subsequently, privatization of education is rampant in each part of education system of India. The main objective of this paper is to find out socio-educational inequality at higher education level and to explore the educational participation, attainment and performance of scheduled castes at higher education level. Basically, this study is an empirical and exploratory research. Data collection and analysis were done through the data triangulation methods in this research process.展开更多
The transformation of the development China＇s privatization of city public utilities？ vigorously promote the government function, however, the relative monopoly administrative operation system, functions decentraliz...The transformation of the development China＇s privatization of city public utilities？ vigorously promote the government function, however, the relative monopoly administrative operation system, functions decentralized system of government regulation and legal system construction is lagging behind, can making the privatization process easily lead to the emergence of efficient generalization, must be identified and avoided. This paper presents efficient generalization of privatization of public utility of our country city in measure, and analyzes the performance efficiency of the three resulting generalization.展开更多
This paper is a case study based on the privatization of Guoguang Ceramics.It is found that,contrary to the thoughts of some scholars, corporation performance actually deteriorated,rather than improved under privatiza...This paper is a case study based on the privatization of Guoguang Ceramics.It is found that,contrary to the thoughts of some scholars, corporation performance actually deteriorated,rather than improved under privatization.We analyze ownership arrangements before and after privatization and find that private ownership arrangements still have deficiencies and are not necessarily better than state ownership arrangements.The existence of private benefits of control is the essential reason why performance had been deteriorating.Private benefits of control under state ownership come from the government’s multiple objectives of corporation control,whereas the benefits with private ownership lie on resources transferred from the corporation.Ta succeed in privatizing SOEs,it is essential that legal systems be strengthened to effectively oversee private benefits of control.展开更多
In this paper, we construct a company value model based on the tax shield effect for overseas listing and privatization scenarios. The trade-off process of privatization decisions is simulated in the context of China ...In this paper, we construct a company value model based on the tax shield effect for overseas listing and privatization scenarios. The trade-off process of privatization decisions is simulated in the context of China concept stock companies’ reality. The results indicate that the value of tax shields, the degree of undervaluation, the ability to obtain cash flows, the risk of short selling, the cost of listing transactions, and fraud penalties are critical factors influencing the choice of privatization. The company value analysis shows that tax shield effect positively affects the probability of privatization. Furthermore, the weaker the ability of a company to obtain cash flow when listed overseas, the lower the WACC, the higher the risk of being shorted, and the higher the cost of listing transactions, the higher the probability that a company will choose to go private. Finally, numerical simulations are adopted to validate the validity of the theoretical model and the findings using SINA’s privatization as a case study. The findings can provide academic guidance and a decision-making basis on trading arrangements for CCS companies.展开更多
On February 17,2025,when China braves the economic headwinds and emerges from multiple challenges with hard-won feats,Xi Jinping,general secretary of the Communist Party of China(CPC)Central Committee,also Chinese pre...On February 17,2025,when China braves the economic headwinds and emerges from multiple challenges with hard-won feats,Xi Jinping,general secretary of the Communist Party of China(CPC)Central Committee,also Chinese president and chairman of the Central Military Commission,attended a symposium on private enterprises in Beijing and delivered an important speech.He stressed that on the new journey of the new era,the private economy has broad development prospects and immense potential,and it is the perfect time for private companies and entrepreneurs to fully demonstrate their prowess.展开更多
China’s new law offers protections and incentives to private companies Business leaders in China have welcomed the enactment of the Private Sector Promotion Law,calling it a genuine confidence booster.
Law is all but not known for innovation.This is also true for studies in Roman private law,which have followed a system that is imagined to derive from the 2nd century AD jurist Gaius and late antique Justinianic codi...Law is all but not known for innovation.This is also true for studies in Roman private law,which have followed a system that is imagined to derive from the 2nd century AD jurist Gaius and late antique Justinianic codification.The shaping hands of the ancient codifiers and those of the medieval,early modern and 19th century jurists on Roman private law and the related legal discourses have been identified and studied at length.However,a real shift to discover the ways in which Roman private law became formed and was practiced has not been undertaken in comprehensive manner until the publication of the Handbook of Roman Private Law which is reviewed in the following from the perspective of an ancient historian.展开更多
When attending a symposium on private businesses on 17 February,Chinese President Xi Jinping underscored the immense opportunities within China’s private economy.He stated that the private sector enjoys broad prospec...When attending a symposium on private businesses on 17 February,Chinese President Xi Jinping underscored the immense opportunities within China’s private economy.He stated that the private sector enjoys broad prospects and great potential on the new journey in the new era,and that it is a prime time for private businesses and entrepreneurs to give full play to their capabilities.展开更多
Chinese President Xi Jinping urges healthy,high-quality development of private sector Xi Jinping,general secretary of the Communist Party of China(CPC)Central Committee,on February 17 urged efforts to promote the heal...Chinese President Xi Jinping urges healthy,high-quality development of private sector Xi Jinping,general secretary of the Communist Party of China(CPC)Central Committee,on February 17 urged efforts to promote the healthy and high-quality development of the country’s private sector.展开更多
Some 20 years ago,10-yearold Wang Xingxing watched a documentary that featured a bipedal robot designed by Marc Raibert,now president of U.S.-based robot company Boston Dynamics.That moment planted the seed for his fu...Some 20 years ago,10-yearold Wang Xingxing watched a documentary that featured a bipedal robot designed by Marc Raibert,now president of U.S.-based robot company Boston Dynamics.That moment planted the seed for his future in innovation.Today,operating in China’s private sector,Wang’s company,Hangzhou-based Unitree Robotics in Zhejiang Province,is a globally recognized name in producing high-performance,general-purpose quadruped and humanoid robots.展开更多
Previous bidirectional quantum private comparison(BQPC)protocols cannot meet the requirements in some special application scenarios,where only one party needs to obtain the comparison results without a third party(TP)...Previous bidirectional quantum private comparison(BQPC)protocols cannot meet the requirements in some special application scenarios,where only one party needs to obtain the comparison results without a third party(TP),such as scenarios for authority surveys or healthcare data sharing.In addition to this,the BQPC protocol has the potential of information leakage in multiple comparisons.Therefore,we design a new unidirectional quantum private comparison(UQPC)protocol based on quantum private query(QPQ)protocols with ideal database security and zero failure probability(IDS-ZF),for the reason that they have excellent unidirectionality and security.Concretely,we design a UQPC protocol based on Wei et al.’s work[IEEE Transactions on Computers 672(2017)]and it includes an authentication process to increase the resistance to outside attacks.Moreover,we generalize the protocol and propose a general model that can transform a QPQ protocol with or without the IDS-ZF property into a secure UQPC protocol.Finally,our study shows that protocols using our model are secure,practical,and have the IDS-ZF property.展开更多
Chinese-built project delivers clean water to over 450,000 people in Tanzanian capital city For years,Hassan Juma has struggled to secure clean water for his family in Dar es Salaam’s southern suburb of Bangulo.Like ...Chinese-built project delivers clean water to over 450,000 people in Tanzanian capital city For years,Hassan Juma has struggled to secure clean water for his family in Dar es Salaam’s southern suburb of Bangulo.Like many in the sprawling coastal city,he has faced persistent water shortages and has been forced to rely on expensive private vendors to meet his household’s basic needs.展开更多
On 17 February,Chinese President Xi Jinping called for efforts to promote the healthy and high-quality development of the country’s private sector.He made the remarks at a symposium on private enterprises,where he de...On 17 February,Chinese President Xi Jinping called for efforts to promote the healthy and high-quality development of the country’s private sector.He made the remarks at a symposium on private enterprises,where he delivered an important speech after listening to representatives of private entrepreneurs.展开更多
文摘Port and terminal efficiency are of utmost importance to the container shipping industry due to their significance in enhancing the competitive advantage of ports within a region. Consequently, there have always been notable variations of studies around it. This paper analyzes the impact of privatization on terminal efficiency using the Port of Tema as a Case Study. The main objective of this paper is to analyze the efficiency trends of the public and private terminals in the port over the years. To achieve this objective, DEA-CCR methodology was employed to calculate the annual technical efficiency trends of the private and public terminals using four input variables and three output variables. The main results of the paper indicated that the public and private terminals were efficient for multiple years. However, the efficiency scores over the years demonstrated inconsistency, exhibiting notable fluctuations. The findings of this study will aid policymakers across the region on policies relating to the efficiency and ownership structure of ports and terminals.
文摘Based on the keynote report by Professor Martin Thrupp,this paper discusses the hollowing out of education provision by the state and the permeation of managerialism.It was pointed out that principals and boards of trustees in socioeconomically advantaged areas may not be willing to share their benefits with schools in less advantaged areas.The new liberal policies have hollowed out state provision of education,so the education system has come to rely heavily on private actors.This paper also presents the current stage of privatization in Japan and the principals’and teachers’perceptions of privatization.
文摘The high Zoige Basin （Ruoergai Plateau） on the eastern Tibetan Plateau is a fault depression formed during intensive uplifting of the Tibetan Plateau. The wetland is globally important in biodiversity and is composed of marshes, bogs, fens, wet meadows and shallow water interspersed with low hills and sub-alpine meadows. Most of the Zoige wetlands have long been one of the most important grazing lands in China. Recent rangeland policy has allowed grazing, and usable wetland areas have been being legally allocated to individuals or groups of households on a long-term lease basis. Privatizafion of the wetland has impacted the Zoige wetlands in aspects of hydrologic condition, landscape and biodiversity. The uneven spatial distribution of water resources onprivatelands has led to the practice of extracting ground water, which has decreased the perched water table in Zoige. Fencing off the rangelands and grazing on expanding sand dunes have affected landscapes. Variation in the water table has led to the changes in vegetation diversity, resulting in the changes in wildlife and aquatic diversities and ecosystem processes. Making use all year round of the pasture that was previously grazed only in summer has shrunk the daily activity space of wildlife, and the newly erected fences blocked the movement of wild animals looking for food in the snow to lower and open areas. To maintain the favorable conditions of the Zoige wetland ecosystem, the author suggests that, in addition to biophysical research and implementation of conservation practices, there is an immediate need to initiate an integrated management program, increase public awareness of wetland functions and provide better training for the local conservation staff.
文摘The aim of this paper is to consider the problem of politicians＇ control of state-owned enterprises in a transforming economy. The control of a company can be treated as a choice of a strategy pursued by this company. In order to present politicians＇ influence on a company＇s strategy, we consider the case of a firm controlled by the State Treasury （i.e., by politicians） and a company outside politicians＇ control, both functioning in a favorable and an unfavorable state of the economy. We propose the option-to-switch valuation model as a method of measuring politicians＇ private benefits of control. We illustrate the considerations using data concerning Poland＇s printing industry.
文摘Since the last century, China has carried out the reform of public utilities in the ninety time, and has achieved many positive results. The quality and efficiency of public goods supply is greatly improved. The government has changed the role of producer and provider from the past to the role of provider and regulator, which effectively promoted the development of the privatization of public utilities. However, in the achievements there has also been some problems, such as too much emphasis on efficiency to the neglect of social justice and the government＇s public responsibility ＂efficiency generalization＂ problem that requires our attention.
文摘India is the world＇s largest democracy. The preamble of the constitution enshrines the values of a socialist, secular and equality. The aim was to create a society, based on fair and equitable distribution of resources and bringing the weaker sections to the mainstream of the society. However with the entry of globalization rapid changes were being made in the structural policy. Markets started taking over from where the state left off. it has been two decades and half since the liberalization, privatization and globalization phase was ushered in. Subsequently, privatization of education is rampant in each part of education system of India. The main objective of this paper is to find out socio-educational inequality at higher education level and to explore the educational participation, attainment and performance of scheduled castes at higher education level. Basically, this study is an empirical and exploratory research. Data collection and analysis were done through the data triangulation methods in this research process.
文摘The transformation of the development China＇s privatization of city public utilities？ vigorously promote the government function, however, the relative monopoly administrative operation system, functions decentralized system of government regulation and legal system construction is lagging behind, can making the privatization process easily lead to the emergence of efficient generalization, must be identified and avoided. This paper presents efficient generalization of privatization of public utility of our country city in measure, and analyzes the performance efficiency of the three resulting generalization.
文摘This paper is a case study based on the privatization of Guoguang Ceramics.It is found that,contrary to the thoughts of some scholars, corporation performance actually deteriorated,rather than improved under privatization.We analyze ownership arrangements before and after privatization and find that private ownership arrangements still have deficiencies and are not necessarily better than state ownership arrangements.The existence of private benefits of control is the essential reason why performance had been deteriorating.Private benefits of control under state ownership come from the government’s multiple objectives of corporation control,whereas the benefits with private ownership lie on resources transferred from the corporation.Ta succeed in privatizing SOEs,it is essential that legal systems be strengthened to effectively oversee private benefits of control.
文摘In this paper, we construct a company value model based on the tax shield effect for overseas listing and privatization scenarios. The trade-off process of privatization decisions is simulated in the context of China concept stock companies’ reality. The results indicate that the value of tax shields, the degree of undervaluation, the ability to obtain cash flows, the risk of short selling, the cost of listing transactions, and fraud penalties are critical factors influencing the choice of privatization. The company value analysis shows that tax shield effect positively affects the probability of privatization. Furthermore, the weaker the ability of a company to obtain cash flow when listed overseas, the lower the WACC, the higher the risk of being shorted, and the higher the cost of listing transactions, the higher the probability that a company will choose to go private. Finally, numerical simulations are adopted to validate the validity of the theoretical model and the findings using SINA’s privatization as a case study. The findings can provide academic guidance and a decision-making basis on trading arrangements for CCS companies.
文摘On February 17,2025,when China braves the economic headwinds and emerges from multiple challenges with hard-won feats,Xi Jinping,general secretary of the Communist Party of China(CPC)Central Committee,also Chinese president and chairman of the Central Military Commission,attended a symposium on private enterprises in Beijing and delivered an important speech.He stressed that on the new journey of the new era,the private economy has broad development prospects and immense potential,and it is the perfect time for private companies and entrepreneurs to fully demonstrate their prowess.
文摘China’s new law offers protections and incentives to private companies Business leaders in China have welcomed the enactment of the Private Sector Promotion Law,calling it a genuine confidence booster.
文摘Law is all but not known for innovation.This is also true for studies in Roman private law,which have followed a system that is imagined to derive from the 2nd century AD jurist Gaius and late antique Justinianic codification.The shaping hands of the ancient codifiers and those of the medieval,early modern and 19th century jurists on Roman private law and the related legal discourses have been identified and studied at length.However,a real shift to discover the ways in which Roman private law became formed and was practiced has not been undertaken in comprehensive manner until the publication of the Handbook of Roman Private Law which is reviewed in the following from the perspective of an ancient historian.
文摘When attending a symposium on private businesses on 17 February,Chinese President Xi Jinping underscored the immense opportunities within China’s private economy.He stated that the private sector enjoys broad prospects and great potential on the new journey in the new era,and that it is a prime time for private businesses and entrepreneurs to give full play to their capabilities.
文摘Chinese President Xi Jinping urges healthy,high-quality development of private sector Xi Jinping,general secretary of the Communist Party of China(CPC)Central Committee,on February 17 urged efforts to promote the healthy and high-quality development of the country’s private sector.
文摘Some 20 years ago,10-yearold Wang Xingxing watched a documentary that featured a bipedal robot designed by Marc Raibert,now president of U.S.-based robot company Boston Dynamics.That moment planted the seed for his future in innovation.Today,operating in China’s private sector,Wang’s company,Hangzhou-based Unitree Robotics in Zhejiang Province,is a globally recognized name in producing high-performance,general-purpose quadruped and humanoid robots.
基金supported by the National Key Research and Development Program of China(Grant Nos.2024YFB2906504 and 2024YFB2906500)the National Natural Science Foundation of China(Grant Nos.62401067 and 62272051)the 111 Project(Grant No.B21049).
文摘Previous bidirectional quantum private comparison(BQPC)protocols cannot meet the requirements in some special application scenarios,where only one party needs to obtain the comparison results without a third party(TP),such as scenarios for authority surveys or healthcare data sharing.In addition to this,the BQPC protocol has the potential of information leakage in multiple comparisons.Therefore,we design a new unidirectional quantum private comparison(UQPC)protocol based on quantum private query(QPQ)protocols with ideal database security and zero failure probability(IDS-ZF),for the reason that they have excellent unidirectionality and security.Concretely,we design a UQPC protocol based on Wei et al.’s work[IEEE Transactions on Computers 672(2017)]and it includes an authentication process to increase the resistance to outside attacks.Moreover,we generalize the protocol and propose a general model that can transform a QPQ protocol with or without the IDS-ZF property into a secure UQPC protocol.Finally,our study shows that protocols using our model are secure,practical,and have the IDS-ZF property.
文摘Chinese-built project delivers clean water to over 450,000 people in Tanzanian capital city For years,Hassan Juma has struggled to secure clean water for his family in Dar es Salaam’s southern suburb of Bangulo.Like many in the sprawling coastal city,he has faced persistent water shortages and has been forced to rely on expensive private vendors to meet his household’s basic needs.
文摘On 17 February,Chinese President Xi Jinping called for efforts to promote the healthy and high-quality development of the country’s private sector.He made the remarks at a symposium on private enterprises,where he delivered an important speech after listening to representatives of private entrepreneurs.
