Internal Management Mechanism Research Articles

Changes in Financial Performance of BL Pharmaceuticals before and After the Equity Incentive Plan and Its Implications

Taking BL Pharmaceuticals as an example, this paper analyzes the changes in its financial performance before and after the implementation of the equity incentive plan, and discusses the implications of the equity incentive plan for enterprise development. It is found that after the equity incentive plan was put into effect, BL Pharmaceuticals' financial indicators such as operating income, net profit and net asset value all showed significant improvement. In addition, the work motivation of the employees of the enterprise has been well stimulated, thus promoting the development and innovation of the enterprise. Equity incentive programs have a very obvious role in the motivation and development of enterprises, but they also face certain risks and management challenges. Therefore, enterprises should develop a more reasonable equity incentive plan, focusing on the construction of internal management mechanism and talent management system, in order to ensure the effectiveness and continuity of the incentive policy.

​​PRACTICAL ANALYSIS OF SOCIAL WORK INSTITUTIONS' PARTICIPATION IN RURAL EDUCATION​

Social work institutions help rural education reflect the social value of social intervention and attention to individuals, efficiency priority and promotion of development, participation in governance and provision of services. From the perspective of social work ecosystem theory and empowerment theory, this paper uses qualitative research methods to analyze the practice of Guangxi H Social Work Service Center. The study finds that social work institutions are excessively dependent on the government and have limited funding sources; The organizational structure of the institution is not sound enough, and the full-time social workers are highly mobile; The low social credibility of social work institutions and other factors affect the effectiveness of social work institutions to participate in the revitalization of rural education. Therefore, there is an urgent need for government departments to provide institutional support and development guarantee for rural development social work professional services through top-level institutional design. Social work institutions need to improve their internal management mechanism, strengthen their own capacity building, enhance the social credibility of social work, and contribute to rural education.

Shared funding of R&D in small and medium-sized innovative enterprises: the case of Chinese biomedical industry

This study delves into the corporate governance challenges confronted by small and mediumsized innovative biomedical enterprises in the context of equity financing. Its objective is to provide valuable recommendations for the successful implementation of such financing. In order to address issues such as imperfect equity structure, inadequate financial audit systems, and low stability of the core team during equity financing, a range of improvement measures are proposed. These measures comprise optimizing internal management mechanisms, establishing an efficient R&D organizational structure, implementing practical incentive mechanisms for R&D enterprises focused on benefits, and enabling technical experts to actively engage in company ownership structures. Equity financing plays a vital role in resolving the difficulties faced by small and medium-sized innovative biomedical enterprises, particularly in fostering the development of innovative pharmaceutical products within the biomedical R&D field. Thus, it has a positive impact on effectively advancing China’s biomedical industry.”

EFFECTIVENESS OF CORPORATE MANAGEMENT: CURRENT PROBLEMS AND PERSPECTIVES

Corporate governance is the basic form, which involves combining the interests of various stakeholders. In the process of transformation of the economy, the main goal was the formation of the private sector and the development of entrepreneurship. Privatization played an important role in achieving the mentioned goal. The process of privatization of state property is a result of the current globalization in the world. One of the main tasks of privatization is the formation of a corporate system of ownership. That is why the result of the mentioned process should be improved and highly technologically developed services, increased production and financial efficiency. Accordingly, the process of ownership redistribution will be a normal and effective mechanism of corporate control when the efficiency of the corporations' activities will increase and, accordingly, economic growth will take place. Unfortunately, such processes were more the exception than the rule in Georgia. Thus, we can unequivocally state that privatization could not solve the main task - to increase the efficiency of the work of newly created joint-stock companies. It was expected that owners interested in more efficient management would emerge. But the emergence of multiple ownership instead of one owner - the state, had a weak effect on the increase in the effectiveness of the internal management mechanisms and its results. At the same time, the ability to promptly resolve issues of ownership and overall strategic leadership has become significantly more difficult. One of the main reasons for this is that effective corporate governance mechanisms were not offered alongside the increase in ownership.&nbsp

Information-led Policing: Non-Profit Organization's Terrorist Financing.

In order to prevent and fight terrorism, a new research area has developed called terrorist financing. An important aspect is the financing of terrorism by Non-Profit Organization (NPO), through transfer funds, terrorist alliances, abuse of NPOs, terrorist recruitment, and false NPOs and agents. Therefore, the NPO counter-terrorist financing strategy was established, considering four major aspects: warning information indicators, internal management mechanisms, international cooperation and information sharing, and counter-terrorist Financing legislation. This paper provides a new way to supervise the terrorist financing of NPOs. First, actual cases should be collected, and viable warning indicators for regulatory agencies and NPOs should be established. Second, internal management mechanisms should be strengthened to actively prevent terrorist activities within NPOs. Third, given the global activity of NPOs and terrorist organizations, information-led international cooperation must be emphasized. Fourth, from the angle of independent counter-terrorist Financing legislation, the gap should be filled in NPO counter-terrorist Financing legislation.

Research on the Formation Mechanism of Health Insurance Fraud in China: From the Perspective of the Tripartite Evolutionary Game.

The problem of fraud in China's health insurance has existed for a long time and is becoming more serious, which needs to be solved urgently. This article constructs a tripartite evolutionary game model to study the formation mechanism of the Health Insurance fraud, game participants including medical administrative organization (MAO, a government department responsible for health insurance supervision), medical institutions (MI, such as hospitals), and insured individuals (II, who participating in medical and healthcare insurance). By analyzing the equilibrium of the tripartite evolutionary game, this paper makes an in-depth study on the formation and resolution of health insurance fraud. The results show that: (1) How to prevent the fraud behavior of the medical institutions is the difficulty and core of the problem. It is necessary to achieve effective supervision of the MAO, improve the internal management of the MI and give play to the supervisory role of the II. (2) The regulatory behavior of the MAO needs to focus on protecting the interests of the II, not only to encourage them to actively play the role of supervision and reporting but also to prevent their collusion with MI. (3) On the one hand, the MAO needs to strengthen supervision and increase the punishment for fraud. On the other hand, they also need to take incentive measures to guide all subjects to form a sound internal management mechanism.

Research on Vocational Training System of "Develop both Education and Training" under the Concept of Educational Ecology

This study aims at the imbalance between the development of social training and academic education in vocational colleges, and the outstanding problems in the system and mechanism of social training in higher vocational colleges, The theory of educational ecology and human capital are used for reference, It explores and realizes the innovation of higher vocational colleges and promotes the construction of the system and mechanism of vocational training with high quality. The study aims to build a vocational training ecosphere Use the Binzhou Vocational College scheme as a template, Stick to problem orientation, To sort out the outstanding problems existing in the current social vocational training work, By optimizing the internal management mechanism of higher vocational colleges, Strengthen the vocational education system of collaborative education, Promote the integration of industry and education with local enterprises, Explore the development path of both education and training. It has realized the optimization and reconstruction of school-based social training work plan, It provides a practical paradigm for higher vocational colleges to carry out social training, It has formed a systematic social training and scientific operation mode, It provides a model of Binzhou Vocational College for vocational training that can be used for reference and popularized.

Diagnostics of the production factor importance in the territories of the region development

The paper examines the features of the impact of significant factors on the economic and sectoral development of the regions on the example of the Perm Territory. Based on the use of progressive assessment methods, the key role of the production factor in the development of the region’s territories has been established. Analysis of the dynamics of the main production and investment indicators of the territories of the Perm Territory made it possible to propose their typology according to four types of development, depending on the nature of the impact of regional factors. The assessment showed a significant intra-regional asymmetry, including in terms of the levels of industry specialization and industrialization of the territories of the region. The results of the study made it possible to state the relevance of procedures for analysing internal management mechanisms, determining driving forces and a comprehensive assessment of the development of territories in the region’s space when implementing the necessary management decisions, taking into account the tasks of increasing industry efficiency.

INFLUENCE OF FINANCIAL LINKAGES ON GROWTH OF INFORMAL FINANCIAL INSTITUTIONS IN HOMA BAY COUNTY OF KENYA

Financial linkage is an emerging form of partnership widely practiced between NGOs, formal and informal financial institutions in developing countries. The existing forms include but not limited to financial training, Savings products and Credit Information Sharing (CIS). Informal financial institutions enter into such linkages with an aim of growing the volumes of credit accessed. In Homa Bay County, various forms of financial linkages have emerged with statistics indicating unstable growth in volumes of credit accessed by informal financial institutions. According to Homa bay Women Sacco, the loan disbursed grew by 88.46% between 2015 and 2017. This is in tandem with the institutional theory of complementarity adopted by this study. However, studies on formal-informal financial institutions’ relationship and contribution of financial linkages to credit access in developing countries have elicited divergent views. Some reveal that financial linkages offer the best solution to promoting credit access while others indicate that the linkages may reduce access to credit and impact negatively on growth of the institutions. It is on this basis that the study sought to establish the influence of the emerging linkages on growth of informal financial institutions in Homa Bay County. The study was based on the positivists approach to conceptualization and was guided by correlational research design. A total of 300 respondents were selected using stratified sampling technique. Both open and closed-ended pre-tested questionnaires were used to collect primary data. Secondary data were from relevant documents of the institutions. The desired relationships were established through multiple regressions while bivariate associations were determined using Correlational analysis. The study revealed that volumes of group savings and Credit information sharing both had significant relationships with the growth of informal financial institutions. On the other hand, financial training had an insignificant negative relationship with access to credit by the institutions, the negative relationship suggests that through training, the informal financial institution’s managers strengthen their internal management mechanisms, thus become less dependent on borrowed funds for their activities. The study thus recommends that the three forms of linkages be strengthened to enhance growth of the institutions in Homa Bay County. KEY WORDS: Financial Linkages, Growth, Institutions, County, Kenya

ОЦЕНКА СИСТЕМНОЙ СБАЛАНСИРОВАННОСТИ ВНУТРЕННЕЙ СТРУКТУРЫ ГАЗОРАСПРЕДЕЛИТЕЛЬНЫХ ОРГАНИЗАЦИЙ

As socio-economic relations evolve in the domestic market, the development and complication of the management mechanism in gas distribution organizations takes place. A certain disproportion between the real and financial segments of the economy, in the levels of income of the population and in the socio-eco-nomic development of regions remains the characteristic features of domestic economic development. The multidimensional and multilevel imbalance of the Russian economy, including in the regional aspect, contin-ues to influence the internal management mechanisms of gas distribution organizations as resource supplying organizations, in the overwhelming majority, which are subjects of natural monopolies and are gasification operators in the regions. The article deals with the problems of optimization of the system structure of intra-organizational subsystems based on the identification of disparities on the example of gas distribution organ-izations. Proposals for improving the management mechanism of gas distribution organizations based on the criterion of balancing the system structure are presented.

Application of 5G in the treatment of severe multiple trauma

Trauma is an important cause of death in the world, and emergency treatment for severe trauma is a worldwide problem. With the integration of more artificial intelligence into the medical industry, the information platform of intelligent hospital should be established with the help of 5G era, so that patients can enjoy timely, convenient, safe and high-quality diagnosis and treatment services, and solve the problems of low medical work efficiency and lagging internal management mechanism of the hospital. At present, there are few reports on the combined application of serious trauma emergency system and 5G in China. The potential application of 5G in severe trauma treatment system was introduced in this paper. Key words: Severe multiple trauma; Intelligent management; 5 G

Study on Development Problems and Countermeasures of Community Social Organization

Community social organization is an important force of social cells and social construction, playing an important role in the prosperity of social undertakings and the innovation of grassroots governance. However, there are also some problems in its development, such as severe shortage of activity funds, imperfect internal management mechanism, lack of professional talents and low social trust. Therefore, it is an important measure for community social organizations to get out of their own difficulties to expand the fund channels through various ways, strengthen the internal management system construction of community social organizations, strengthen the professional construction of employees, and strengthen the construction of credibility of community social organizations.

Problems and Countermeasures of International Cooperative Education in Industrial Design

The general trend of design globalization has given rise to profound education reform, which requires institutions of higher learning to promote international communication and cooperation in the process of discipline construction. International cooperative teaching & research project, setting of Chinese and foreign courses, international academic exchange and exchange student are the main forms of international cooperative education. The core of international cooperative education in industrial design is communication, cooperation, reciprocity and mutual benefit. It’s a reform which covers cross-cultural, global and applied courses and teaching activities. This paper introduces in detail problems existing in international cooperative education in industrial design, and proposes means of its reform in such aspects as resource integration, major reform, course setting, regional characteristic development and internal management mechanism.

Research on Risk Control of Logistics Finance

“In our country, the logistics financial was still at the beginning, because of its interdisciplinary, cross-industry features, And made the logistics financial business develop as well as brought innovation of financial products a huge challenge .This paper uses the method of literature investigation and the comparative analysis to do a research on risk control from the enterprises, Banks and social these three aspects. To improve the pledge of the regulation, the third party logistics enterprise should establish a set of related to the internal management mechanism, enterprises in the supply chain have to know the information in real-time interaction, to prevent the risk caused by information delay; As for bank, they should perfect the mechanism, the assessment of the pledge of improper selection of the pledge to avoid the risks, as well as to strengthen the contact with logistics enterprises, informed the pledge, adopt the unified credit granting to optimize the pledge loan business; From the social level, the country should establish relevant legal system and relevant policies to supervise the related enterprise information constraint corporate behavior. ”

Issues and Challenges in Management of Waqf in Ningxia Province of China

Waqf institutions in China are facing several issues and challenges such as waste of charitable resources, difficulties in retaining Waqf assets, and low levels of professionalism of those involved in Waqf. The internal management mechanisms of these institutions continue to be designed and controlled to support personal ambitions and control as opposed to the more religious considerations advocated by Islam that align with the purpose of Waqf. Despite this formidable challenge that permeates Waqf in China, there has been a lack of research on these issues. This paper aims to fill this lacuna in the literature by investigating and assessing the management mechanism and national governance of both general and Islamic aspects of Waqf in China. The paper adopts a qualitative method using semi-structured interviews with several senior Waqf managers. The findings highlight several issues and challenges facing Waqf in China, including the lack of a defined aim, low level of capability and professionalism, narrow-mindedness, and poor levels of coordination. Other issues include brain drain, unstable performance, low qualification, and managerial neglect of Waqf managers. Lastly, the findings elaborate the balance point between China’s national governance and Islamic governance.

Chinese Shadow Banking—Credit Creation Mechanism and Credit Expansion of Bank Financial Products

In China, shadow banking can be described as credit intermediations involving entities and activities outside the regular banking system broadly, also some non-bank credit entities and activities. Then we should pay more attention on shadow banking, which can particularly increase maturity and liquidity transformation, imperfect credit risk transfer and/or leverage by different financial tools. In our country, the financial system is dominated by commercial banks, so more and more internal financial innovations, especially bank financial products could be viewed as the representative of shadow banking. In essence, the process of bank financial products is not an independent credit creation, but it can enlarge the credit creation of commercial banks and enhance the scale of credit expansion by means of trust loans, entrusted loans, trust beneficiary, specific assets usufruct, and the asset pool, which will result in a higher liquidity risk. Therefore, expanding the scope of the legal deposit reserve rate, establishing more laws and regulations about bank financial products, and constantly improving the internal management mechanism of bank financial products are particularly important.

A Study of China's Elimination of Private Benefits of Control in State-owned Enterprises

To eliminate control of state-owned enterprise managers of self-interest is a key problem for management of state-owned enterprises, the Chinese government has adopted a separate government functions from enterprise management, clear property rights, the board of directors system, assignment of the board of supervisors system, disciplinary leadership system reform, the mixed ownership and other measures, are difficult to eliminate the soe managers to seize control of self-interest, together with the present situation of China's state-owned enterprises, this paper proposed by the board of supervisors as the center of the corporate governance structure, powers and running of the reform of internal management mechanism, to try to eliminate the control gain, achieving the value of state-owned enterprises.

Analysis of Credit Sale Risk of Emerging Market Product

Credit transactions between enterprises are getting increasingly common, and credit sale (Credit Sale, CS) risk management has become an important part of modern business activity and management. Currently, the accounts in arrears between enterprises have become a very serious problem, due to the imperfect internal management mechanism and lack of effective credit sale risk management system. In order to make products quickly enter market to win time and achieve scale effect, credit sale has inevitably become the choice of emerging market enterprise. Based on this, we carry out the study to discuss the credit sale risk of emerging market enterprise. Firstly, we do the costs analysis of product credit sale of the emerging market enterprise, and establish a theoretical relationship between the accounts receivable holdings and the credit costs. Secondly, the general analytical expression of optimal accounts receivable holdings and the lowest credit costs is deduced; further, the concept and calculation method of risk-adjusted return on credit sale is proposed. Finally, based on the characteristics of emerging markets, we propose the concept of “credit sale risk capital”, which should be reserved in order to avoid the unexpected losses caused by the product credit sale risk, thus making the return of credit sale match the risk of emerging market enterprise.

An empirical study of organizational reform of China's bankcard industry and policy recommendations

PurposeThe purpose of this paper is to empirically examine the performance of China's bankcard market during 1999‐2005 when China's local card association – China UnionPay (CUP) was established in 2002, which integrated many small closed payment systems into an open payment system.Design/methodology/approachDifference‐in‐difference (DID) estimator and fixed effects model are employed to assess the potential influences of the establishment of CUP on the performance of China's bankcard businesses. In implementing DID method, it is possible to view the banks (payment entities) that are members of the CUP as the “treatment group” and others outside the CUP as the “reference group”, and introduce the “CUP member” dummy variable. Simultaneously, the paper introduces the “incident year” dummy variable labeling 2002 and afterward since the CUP was founded. Therefore, effects of establishing the CUP on the performance of its members can be simply obtained by estimating the coefficient of the interaction term between the “CUP member” dummy variable and “incident year” dummy variable in the estimation equation. The data used in this paper come from the official CUP website and Chinese Financial Statistic Almanac (2000‐2006).FindingsThe empirical evidence shows that from the micro‐perspective of maximizing platform transaction volume, the “closed to open” organizational reform, i.e. introducing the CUP into the market decreased rather than increased the performance of CUP's members. The fundamental reason for this was imperfections in the market's internal management mechanism and multi‐party profit distribution mechanism, which led to dislocation and distortion in the positioning and function of the card association‐CUP.Originality/valueDifferent with most other studies that are pure theoretical ones, this study represents one of the few studies that use empirical methods to investigate two‐side markets.

Differences in Performance of Independent and Finance‐Affiliated Venture Capital Firms

AbstractWe examine the differences in the investment behavior of independent and finance‐affiliated venture capital firms (VCFs). We find that differences in internal management mechanisms and staff backgrounds lead to external performance differences. Using VC‐backed companies listed in Singapore as our sample, we find significant differences between these two types of VCFs in industry preference, investment duration, VCF syndication, number of board seats, initial underpricing, and long‐term market returns. Independent VCFs add more value to their portfolios. Thus, we conclude that the participation of independent VCFs is an important corporate‐level factor for the success of the venture capital market.