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Han Zhongxue (韩忠雪) and Li Weian (李维安) Research Institute of China Corporate Governance, Business School, Nankai University, Tianjin, China   Abstract: It is generally believed in academia that there are two theoretical explanationsof tunneling and financing advantage for the creation of ...

Ba Shusong  and Zheng Jun * Northeastern University, Shenyang, China   Abstract: According to New Structural Economics, the ultimate direction of industrial transformation is determined by factor endowment structure and the relative price system of factors. In today’s China, the predominant factor in ...

Zhang Huiqing 1 and Tang Haiyan 2 1 Shanghai Lixin University of Commerce, Shanghai, China 2 Shanghai Lixin University of Commerce; East China Normal University, Shanghai, China   Abstract: This paper sets up a simplified dynamic discrete selection model to analyze two-stage ...