Is Stakeholder Corporate Governance Appropriate in Russia?

Journal of Management and Governance - Alternative forms of disciplining the actionsof senior enterprise managers can becharacterized as shareholder or stakeholdergovernance. This paper analyzes...     

Corporate Management,Industry Competition and the Sustainability of Firm Abnormal Profitability

This paper models the sustainability of firmabnormal profitability and uses theeffectiveness of corporate managementcapabilities as a test to examine its impact onthe sustainability of firm abnormalprofitability. The role of industry competitionas a moderator between the effectiveness ofcorporate management capabilities and thesustainability of firm abnormal profitabilityis also examined. Consistent with theresource-based view of the firm, we found thatthe effectiveness of corporate managementcapabilities positively influence thesustainability of firm abnormal profitability.This implies that corporate managementcapabilities are important contributors to theentire bundle of firm-specific resources andcapabilities which enable some firms togenerate competitive advantages that aresustainable. The effectiveness of corporatemanagement capabilities has a larger influenceon the sustainability of firm abnormalprofitability for firms in lowly competitive ormonopolistic industries than firms in highlycompetitive industries. The findings supportthe notion that not only do firm capabilitiesyield sustainable competitive advantages andabnormal profitability, but also industrycompetition reinforces the impact of firmcapabilities in yielding sustainable abnormalprofitability.     

CEO Reciprocal Interlocks in French Corporations

In France the chairperson of the board is mostoften the firm's CEO. This position strengthensthe insiders' hold on the board of directors.Moreover, a large fraction of outside directorsis composed of CEOs of other firms. Thereciprocal interlocking of CEOs creates the possibility of mutual interdependence of CEOs.We investigate factors explaining reciprocalinterlocking directorates of CEOs in Frenchcorporations. Our results indicate that CEOs oflarger firms hold more reciprocal CEOinterlocks and when CEOs have more outsidedirectorships, CEOs hold more reciprocalrelationships. We also find a positiverelationship between the number of CEOsreciprocal interlocks and their firms'performance measured by ROA. We find evidencethat CEOs hold more reciprocal interlocks whena blockholder is present on the CEO's board.     

Adaptive Build-up and Breakdown of Trust: An Agent Based Computational Approach

This article employs Agent-Based Computational Economics (ACE) to investigate whether, and under what conditions, trust is viable in markets. The emergence and breakdown of trust is modeled in a context of multiple buyers and suppliers. Agents develop trust in a partner as a function of observed loyalty. They select partners on the basis of their trust in the partner and potential profit, with adaptive weights. On the basis of realized profits, they adapt the weight they attach to trust relative to profitability, and their own trustworthiness, modeled as a threshold of defection. Trust and loyalty turn out to be viable under fairly general conditions.     

Local Governments Connecting to the Global Economy: Globalization as Catalyst in Governance of East African Cities

This article responds to two questions: first, how are large local governments in East Africa responding to the emerging global economy? Second, is globalization a catalyst in enhancing local governance in Nairobi, Kampala, and Dar es Salaam? The paper is an empirical analysis of strategies adopted by local government organizations in search of meeting challenges brought by a globalization. While there are some similarities in the strategies and processes adopted, the implementation pace varies across the three organizations. At the end, an attempt is made to explain these differences.     

中国上市公司组合治理机制实证研究

一般地,按公司治理机制发挥作用的机理不同,可将其划分为基于公司治理结构的内部治理机制、基于市场的市场治理机制和基于社会环境的社会治理机制。公司绩效是这些治理机制共同作用的结果。本文首先选择设计了15个公司内部与外部治理机制的实证分析指标和1个公司绩效指标:接着以公司绩效为导向,运用数据挖掘技术对截止到2003年3月26日已发布2002年度报的305家沪市上市公司进行实证分析,得到了不同公司治理机制组合与公司绩效的对应关系,这为优化和设置公司治理机制组合、提高公司绩效提供借鉴。     

西部农村居民政治参与及社会治理分析——基于陕西省岐山县G村的社会调查

以陕西省岐山县G村社会调研数据为基础,对西部农村居民的政治关注度、参与度、满意度进行描述性统计分析,认为西部农村居民的政治参与水平不高。通过建立Probit模型,分析影响农村居民政治参与水平的人口学变量以及政治效能感因素,研究发现：人口学的关键变量、内在与外在的政治效能感均对政治参与有显著影响,为此提出通过有效的社会治理举措,以改善人口学变量中关键因素,提升农民的政治效能感,从而有效提高农村居民政治参与水平。     

公众参与引导下的重大工程社会矛盾化解机制

新时代网络社会的不确定性、突变性等特征极大地颠覆了重大工程社会矛盾的阶段演化特性,对传统封闭性的社会矛盾化解机制设计提出了新挑战,具有多元非中心性的公众参与在应对该挑战中可发挥重要的引导作用。基于裂缝假说分析重大工程社会冲突困境,提出建立与公众参与水平相匹配的参与制度是困境化解的关键路径;将公众参与成熟度作为公众参与水平划分工具,按照低、中、高将其划分为3 个水平;引入网络化治理理论,建立与公众参与水平相匹配的公众参与机制,即形成“政府主导-社区参与”型、“政府引导-社会组织介入”型、“政府与社会组织协同合作”型机制,推动公众参与引导重大工程社会矛盾的自我疏导、自我治理和自我化解,形成全民共建共享的网络化治理新格局。     

澳门社区治理模式的特征及启示

本文从治理主体和治理路径入手分析澳门治理模式的突出特征,研究发现澳门政府、社区组织和居民组成的治理主体权责分明、各尽其事,运用社会工作、公民教育和咨询协商等治理路径为澳门社区居民构建美好家园、和谐社区,这些突出特征为反思中国大陆社区治理主体多元化和治理路径有效性提供重要参考.