Market Economy System Research Articles

Comparative Analysis of Incentive Mechanism of Human Resource Management in Public Management and Enterprise Management

With the progress of society, the market economic system continues to develop and improve, the market environment is becoming more and more complex, and the market competition is becoming more and fiercer. Human resource management plays an increasingly prominent role in public management and enterprise management. As an important part of human resource management, incentive mechanism affects the flow of talents, work efficiency, enthusiasm, work quality and other aspects. How to improve the incentive mechanism to promote the healthy development of employees and achieve the organizational goals has become a practical problem that public organizations and enterprises must solve. This paper will focus on analyzing the differences and commonalities between the incentive mechanisms of public management and enterprise management, and then propose feasible innovation strategies and implementation paths for the incentive mechanisms of public management and enterprise management according to China's actual situation and combined with international advanced experience The purpose of this paper is to improve the two internal structure management and work efficiency and quality to meet the new requirements of future social and economic development.

Analysis of the Impact of Employees' Own Indicators on Employee Mobility

Abstract. Nowadays, the enterprise employee turnover rate has become an important factor in measuring enterprise knowledge loss, human resource management, enterprise comprehensive competitiveness, and enterprise expenditure. Therefore, as much as possible may affect the enterprise employee turnover data and analyze the influence on employee turnover degree can maintain stable staff and increase its comprehensive competitiveness in the market economy system. Employee mobility is not only affected by corporate and macro environmental factors, such as corporate culture, incentive system, employee relations, economic environment, but also related to employees' factors, such as career development planning, job satisfaction, salary, and burnout. Research on employee mobility and its impression factors should be carried out from multiple aspects and perspectives. This paper refers to the relevant literature on the impression factors of employee mobility in the past, combines the basic data that may affect the employee turnover rate to analyze the Impact of employees' indicators on employee mobility, pre-processes the data, and presents the visual image of the data. And then the paper uses multicollinearity diagnosis to exclude the collinearity influencing variables and conduct a preliminary correlation analysis of the variables. Finally, this text establishes a regression analysis model of the related variables, obtains seven variables related to employee mobility, and gives reasonable suggestions for the enterprise research employee turnover rate.

How does geographical environment affect residents' perception of social justice: An empirical study from low-income communities in Beijing

With the transition to a market-oriented economic system and the transformation of social structure, urban society has undergone significant spatial differentiation, leading to a deepening divide between the rich and the poor. This has caused issues like social exclusion and spatial isolation to become increasingly prominent, which in turn, limit the harmonious and orderly development of cities. As Beijing's goal to become a “world-class harmonious and livable city” accelerates, there has been a growing focus on ensuring social justice satisfaction for residents in low-income communities. This focus has translated into more attention being paid to spatial equity in residents' living environments. Employing a mixed-methods approach with multi-level regressions to understand the nuanced interplay between urban geography and social equity, where depend variable was subjective questionary from low-income communities in Beijing (2017), the independent variables were geographical factors. Using research data from typical low-income communities in Beijing (2017), our study integrated theories from geography and sociology to examine the spatial equity of the living environment. We then empirically analyzed the impact of geographical environment and objective conditions on residents' perception of social equity in low-income communities. Our findings indicate that there are significant differences in the level of social justice perception among residents across different types of communities. The upscale community with better community environment is not consistent with the evaluation of higher perceived justice. Furthermore, service facilities, employment accessibility, and built environment all influence individual satisfaction with social justice to varying degrees. There is also a moderating effect of living environment satisfaction on social justice perception in low-income communities, with residents' socioeconomic attributes influencing their level of social justice satisfaction. This research contributes to the broader understanding of spatial equity in urban development, highlighting the pivotal role of geographical factors in shaping perceptions of social justice. These insights are crucial for policymakers and urban planners striving for more equitable urban development in rapidly growing cities.

Research on Procurement Cost Control Based on Supply Chain Management

In modern enterprise management, strengthening the control and management of procurement processes can effectively reduce operational costs. However, with the continuous reform and improvement of China’s market economy system, competition among supply chain enterprises has intensified. The traditional procurement management model is no longer able to meet the needs of enterprise development in the current era. As a result, procurement management based on supply chain management has emerged, offering significant improvements in the scientific management of procurement processes. It has become an important means of promoting the long-term development of enterprises. This paper primarily analyzes and studies procurement cost control based on supply chain management, providing insights for reference.

Talent Development Pathways for Integrating Law and Business in Chinese Universities

The practice of “integration of law and business” in universities has a history of nearly twenty years in China. With the maturity of China’s market economy system, the cultivation of compound talents of law and business become more and more important in the future development of business majors and law majors in universities. This paper mainly adopts literature research method and induction and summary method to collect the relevant literature of the “integration of law and business” curriculum construction and talent training path in the four platforms, and summarizes and analyzes the specific practices in the university running practice. Through research, it is found that in the past five years, the trend of “integration of law and business” in running schools in domestic colleges and universities has been rising, and many business majors in colleges and universities implement the integration of law and business in related courses such as “Economic Law”, “International Economic Law” and “International Trade Law”. Construction of the team of compound teachers of law and business and emphasis on practical teaching are the core part of the cultivating compound talents of law and business. Combing through the historical practice of the training of complex talents of law and business in domestic colleges and universities is helpful to provide reference and guidance for other colleges and universities to carry out the reform of the integration of law and business education, and is conducive to deepening and improving the training mechanism of complex talents of law and business, and train talents who can truly meet the needs of economic and social development.

Conformable fractional accumulation in triangular fuzzy sequences grey nonlinear model for tertiary industry gross output forecast

The prediction of the tertiary industry's output value is essential for enhancing the market economic system and providing guidance for the government in formulating relevant economic policies. The tertiary industry encompasses various sectors such as finance and transportation, and its total output value exhibits uncertain and nonlinear trends. Triangular fuzzy number sequences contain more comprehensive information than exact number sequences. Therefore, a nonlinear grey Bernoulli model with conformable fractional accumulation for triangular fuzzy sequences is proposed. Firstly, the conformable fractional accumulation generating operation is utilized to mitigate the volatility tendency of the original sequences. Additionally, a time power function term is introduced to capture the power exponential trend. Furthermore, an improved whale optimization algorithm incorporating opposition-based learning strategy and adaptive control parameters is employed to optimize the model parameters, which has been verified through algorithm comparison experiments. Three existing grey models are used as competing models to validate the prediction accuracy of our proposed model. Finally, we utilize this proposed model to predict the tertiary industry's output values in both Yangtze and Pearl River Deltas for 2024–2026.

An empirical analysis of the development of China’s rural market economy system

ABSTRACT This paper presents a comprehensive study conducted from 2000 to 2021, utilizing a 14-indicator index to measure China’s rural Marketization economic development. The indicators encompass four dimensions: rural market subjects, rural market systems, rural land property rights, and government macroeconomic regulation and control. The research covers national and regional levels, providing insights into the following key findings: Firstly, China has witnessed a consistent improvement in the level of rural market economic development across national, regional, and provincial tiers. This progress can be predominantly attributed to advancements in rural land property rights, characterized by enhanced land tenure security and a significant reduction in land disputes. Secondly, Western China has maintained a synchronized development pace with central and eastern regions, resulting in relatively minor developmental disparities. Nevertheless, the progression of rural market subjects in western China remains a limiting factor in further enhancing rural market economic development. Simultaneously, government macroeconomic regulation and control act as a constraining element in driving nationwide rural market economic development. Given the persistent imbalance in regional development, concerted efforts should be made to gradually narrow the developmental gap among the western, central, and eastern regions at both the rural market entity and government macro-control levels.

The decline of bank ownership and firm’s capital structure: evidence from Japanese business groups

ABSTRACT This paper examine how firms adjust their capital structure when their relationship with banks weaken. To this end, we use the data from Japan, a country that has experienced a sharp decline in the traditional bank-oriented business group system after its banking crisis in the late 1990s. We document the decline of financial leverage of Japanese firms after the crisis. The dynamic GMM model reveals that the decline is pronounced as the bank’s influence weakens firm’s financial leverage decreases. Finally, we show that as the bank relationship weakens, the speed of adjustment for target leverage fastens. These results indicate that the shift of bank-oriented to market-oriented economic system change the firm’s financial decision making.

Topical issues of the formation of an effective economic and social policy in Cambodia

Cambodia, currently classified as a lower-middle-income developing country, aspires to reach upper-middle-income status by 2030. To achieve this ambitious goal, the Cambodian government has embraced an open market economic system and prioritized attracting foreign investments as well as encouraging final consumption expenditure (FCE) and stimulating the level of industries, including construction. This study aims to find out the influences of the fluctuations of foreign direct investment (FDI), FCE, and industry (including construction) (IIC) on gross domestic product (GDP) growth in Cambodia and to identify the key factors that can increase FDI, FCE, and IIC growth. The study employs descriptive and correlational analysis, mainly focusing on statistical analyses by constructing an econometric model. The results indicate that Cambodia’s GDP is directly and positively impacted by the FDI, FCE, and IIC, according to the analysis of the specification of the econometric model using a linear mathematical equation. The study concludes that the Cambodian government’s attention to strategic policies and initiatives in promoting FDI, FCE, and IIC, ultimately leading to a higher overall economic growth rate, is crucial. Factors such as political stability and governance, regulation and legal framework, infrastructure, human capital development, market access, publicprivate partnership, fiscal policy, and social protection should be at the forefront of the Cambodian GDP development roadmap.

Analyzing the Development and Depiction of Modern Mongolian Painting

In the history of Mongolian art, the beginning of modern painting is considered in connection with the "First Exhibition of Young Artists" in 1968. Although social-realist paintings developed at the beginning of the 20th century in line with the policies of the party and government, the colors and patterns of some artists' paintings were expressed with new thinking. In Mongolia, the development of modern art has been rapidly developing in recent years in the fields of Cubism, Impressionism, Surrealism, Abstract, and Expressionism, and dozens of works have been created. During this period, the artists and artists of our country kept pace with the global changes and innovations in the field of art studies, created new types of works of modern art, and continued to learn and develop new methods of theory and practice. Since 1990, Mongolia has transitioned from a centrally planned economic system to a market economic system, and individual ideals and freedom have increased not only in the industrial sector but also in the field of painting, and the direction of modern painting has begun to develop rapidly since then. In line with this, in addition to the public access to modern artworks, the need to read, understand, and explain their meaning and content has increased. Moreover, since 1990, the award for the best works of the year of the "Mongolian Art Gallery" has been won by works created in the genre of modern art, which indicates that this genre of art has taken a significant place in the history of Mongolian visual arts. Although modern paintings are being created in large numbers, there is a lack of research that evaluates and analyzes them from the point of view of art studies. In the works of some researchers, the subject of Mongolian modern painting became secondary research and was limited to mention, which is the reason for us to selectively study this topic. The purpose of the research is to analyze the development and classification of modern art of the late 20th and early 21st centuries, which are stored in art galleries. This study aims to create a trend of modernism or monalism that reflects Mongolian traditional thinking.

The impact of political parties on foreign direct investment within Mexico

Today we can identify a variety of political and economic systems in the world. A free market economic system is more likely to work if it is based on a democratic political system. According to the Democracy Index 2021, Mexico went from being an imperfect democracy to a hybrid regime, with the risk of becoming an authoritarian regime. The transition from a political system of imperfect democracy to a hybrid regime represents a great risk for domestic and foreign private investment. There is a latent political risk for investors in this type of countries, which scares away foreign direct investment. This research presents an analysis of the behavior of foreign direct investment in Mexico from 2000 to 2021 by state and political party. The results from a point biserial correlation test prove the existence of a dependence between the attraction of foreign investment and the political party in government. Mexico attracted lower capital inflows since the presence of MORENA, actual political party that is in both, the federal and some state governments. Descriptive statistics show that in most of the matches there is a dependence and also a correlation, however it is prudent to study the direction of this relationship and the strength. The findings are based on an analysis of three years of government of the MORENA political party; therefore, a longer period could be considered for future research.

Closer than You Thought. Constitutional Grounding of the Social Market Economy in Poland and Italy

The article aims to investigate the system of the social market economy in Poland and Italy. It compares constitutional provisions, distinguishing national commonalities and discrepancies. They are the basis for the identification of the precepts common to all social market economies in Europe. The analysis concludes that combining economic rights with social interests is essential to establishing the social market economy.

The power of implicit political capital on companies’ entry barriers

The paper distinguishes the political capital of private enterprises into three types, in terms of the political identity of entrepreneurs, partial state ownership, and government background of entrepreneurship. The first two are classified as explicit political capital, while the third is called implicit political capital. We investigated how political capital, the institutional environment, and access to protected industries intersect within private sector enterprises (PSEs). The data sample from 2011 to 2018 of listed private companies in China is employed. Firstly, the findings indicate political capital significantly enhances access to protected industries for PSEs. Second, implicit political capital shows a strong impact, while the effects of partial state ownership and entrepreneurs’ political identity are weak. Third, explicit political capital weakens the effect on access to protected industries, while implicit political capital still holds significant influence under the improvement of institutional environments. It reveals the situation under the imperfect environment of the market economic system and legal system in China. To be explicit, the concept of ruling by man or power is deeply rooted in the traditional Chinese social governance and social structure model. Therefore, there is enormous room for implicit political capital to function.

Research on the Reform of Authorized Capital System in Chinese Stock Companies: Against the Background of the Implementation of the New Company Law

With the rapid development of the Chinese economy and the continuous improvement of the market economy system, joint-stock companies, as an important form of economic organization, have gradually become the main force of economic development. In order to adapt to the new development trend, China has successively introduced a series of laws and regulations, attempting to reform and improve the authorized capital system, enhance corporate governance, protect investor rights, and promote the healthy development of the market economy. This article analyzes the current situation and problems of the statutory capital system of Chinese joint-stock companies, and based on this, analyzes the reform effects of the new Company Law on the authorized capital system of joint-stock companies. It also explores the transformation path of the authorized capital system of Chinese joint-stock companies after the implementation of the new Company Law, providing reference opinions for the development of joint-stock companies and the optimization of the efficiency of capital system reform.

Study on the Impact of Interest Rate Marketisation on the Profitability of Chinese Commercial Banks

Interest rates play a role in regulating the allocation of resources in the financial market and can be used as the price of money. In order to allow the market to play a fundamental role in resource allocation, the reform of the socialist market economy system has been gradually launched in China since the 1990s. From the establishment of the interbank lending market in 1996 to the reform of the interest rate quotation mechanism in the loan market in 2019, the marketisation of interest rates has played an important role in the independent allocation of resources in the financial market, and is getting closer and closer to achieving the ultimate goal of interest rate marketisation. However, as the pricing power is controlled by financial institutions, the competition among the banking sector has become more and more intense. According to the financial reports of listed banks, the operating situation of the banking industry is very tough, and the return on assets has been declining, leading to the transformation of major banks to achieve greater profitability. In general, exploring the impact of interest rate marketisation on the profitability of commercial banks helps to analyse the current situation of bank operations, improve the ability to cope with risks by finding new profit models, and occupy a favourable position in the competition in the financial market.This paper takes the impact of interest rate marketisation on the profitability of Chinese commercial banks as the object of research, by finding relevant literature, starting from relevant theories, and using internal and external factors to study its impact mechanism; and according to the reform history of China's interest rate marketisation, it analyses the trend of changes in the indexes of Chinese commercial banks to determine the impact of interest rate marketisation on the profitability of commercial banks; it also adopts the multivariate linear regression model, according to the regression analysis found that the interest rate marketisation has a strong impact on the profitability of commercial banks, but the change of the bank's income structure does not significantly improve the profitability; finally, the following conclusions are drawn: (1) the basis for the realisation of the interest rate marketisation is to improve the pricing system and open the interest rate conduction channel; (2) by optimising the income structure and improving the operational efficiency, the profitability of the bank can be improved; (3) by reasonable response to interest rate fluctuation risk and improving risk management ability, it can gain an advantage in the fierce market competition.

Mode Innovation and Discussion of Enterprise Financial Management in the New Economic Background

The development of the globalized economy has also made enterprise financial management work into a new stage of reform, the; transformation of the market economic system has also made the enterprise financial management work content and mode of change the traditional financial management model has failed to meet the needs of the current enterprise, and even hinder the development of enterprises. In the new economic background promoting financial management reform and innovation is not only the way of enterprise development. It is also in line with the trend of the times, where the article through the trend of economic development and in-depth analysis of the current financial management situation.By analyzing published literature and using the literature analysis method, we summarize the current problems in corporate financial management and propose corresponding solutions to the problems based on the key points of the problems, thereby providing reference and help for corporate development.

Sustainable Traditional Market Innovation in Modern Online 5.0 System Market Development

The decrease in income from sales in traditional markets is the thing that is most feared by ordinary people, where they do not know the Concepts of an online-based market economic system. This study aims to analyze how effective the merger of traditional market systems and online-based modern markets is in forming a sustainable market system in the midst of the upcoming 5.0 world development era. This research uses a qualitative method by reviewing some literature on previous research which is developed into a new system development. Therefore, the result from this paper is several innovations are made that can maintain and develop traditional market systems amid the development of online-based market systems by conducting several simple surveys. The novelty of this system is its ability to provide several innovation references to the general public, in particular, people work as traders in traditional markets in balancing the traditional market system amidst the development of online-based markets. Apart from that, it also helps in developing traditional market systems so as to minimize the decline in traditional market power towards online-based markets. So that it can survive and stabilize the traditional market system.

Research on Reform Measures of Labor Wage Statistics

Under the background of the continuous development of our country's market economy system, the internal personnel system of public institutions has also undergone obvious changes. In combination with the actual situation, labor wage statistics is an important part of the internal personnel management system of public institutions in nature, and its statistical quality will have a very direct impact on the overall operation efficiency of public institutions. Based on this, this paper conducts an in-depth study on the status quo and reform measures of labor wage statistics in public institutions, hoping to play a certain role in the development of relevant work. With the deepening of economic and cultural integration, the scope of wushu culture industry is more and more extensive. Factors such as the degree of association and quality among industries are affected by the external ecosystem and change with the change of industry content. The external ecosystem is composed of talent flow, knowledge flow, capital flow, information flow and material flow, which can be divided into four levels. The first is the talent system, which is the key factor for the sustainable development of the martial arts cultural industry.

The Application of Fair Value Measurement in Investment Real Estate

Investment real estate has the characteristics of large investment scale and slow monetization speed. Many enterprises usually adopt a cost measurement model. With the establishment of China's market economy system, the difference between the construction price and sale price of investment real estate under the cost measurement model is relatively large, far greater than the fair value and sale price of investment real estate, which cannot adapt to the development of modern real estate industry. The use of fair value model has improved the timeliness and quality of accounting information, and objectively reflects the market value of real estate enterprises. This article focuses on fair value measurement and analyzes the advantages and disadvantages of this model in the application of investment real estate. At the same time, corresponding suggestions are proposed for the problems that arise during the use process.

Is NIMBY inevitable? An empirical exploration of determinants of public attitudes towards unwanted facilities using nationally representative data in China

ABSTRACT ‘Not in my Back Yard’ (NIMBY) protests against the construction of unwanted facilities nearby occur when individuals prioritize personal benefits over broader social benefits, which is an interesting phenomenon in China’s government-regulated market economic system. Although this fascinating phenomenon attracts plenty of research attention, it remains unknown regarding the extent of NIMBY intention and its influencing factors in China. This study describes the NIMBY intention of Chinese residents towards a large-scale chemical plant with low pollution and analyzes its determinants utilizing data from a nationally representative survey in 2017. It shows that 85% of the 38,775 respondents have strong NIMBY intentions. Among all factors, education and urbanization are the two most influential ones and are positively related to NIMBY intention. Besides, women, high-income groups, and people living in areas with strong social networks, high GDP per capita, or high pollution, exhibit strong NIMBY intention. Conversely, trust in the government and willingness to participate in public affairs are negatively correlated with NIMBY intention. Our study indicates that NIMBY intention will inevitably rise with educational attainment and urbanization levels, but the NIMBY dilemma can be alleviated by implementing participatory governance and building trust in local government.