中国浙江省三市的外国高端人才政策研究
A Study of High-level Foreign Talent Policies In Three Cities of Zhejiang ProvinceWang Xiao Sheng
Doctor of Business Administration, Graduation Year: 2022
人才驱动模式给中国带来新的发展动力,中国逐渐把人才的重要性提升到战略高度。各地都认为那些稀缺的“人才金字塔”最顶端的顶尖人才是引领推动城市科技创新、转型发展的关键力量,成为了现阶段中国城市间人才竞争中争夺最激烈的部分。为了创造城市引才品牌,吸引潜在的人才,近几年地方政府出台了很多吸引外国高端人才相关的政策,提升和保持城市竞争力。本研究将聚焦在A类外国高端人才,深入了解浙江省杭州、宁波、嘉兴三个城市引进海外高端人才的基本政策和实施现状。杭州、宁波、嘉兴三地吸引外国高端人才的政策,基本代表了中国现阶段城市吸引外国高端人才的现状、趋势和发展。 本研究通过文献查阅,比较分析、问卷采访等形式,运用定性分析法,分析三地引进海外高端人才的政策举措以及阻碍政策效应的问题,审视政府在应对人才政策迭代及加码过程中的“治理”视角,并提出相应对策建议。城市的能级与城市对人才的吸引力正相关,在全球顶尖人才分布不均的情况下,要吸引这些风毛菱角的顶尖人才,人才政策的战略重点应该放在与区域经济相匹配的一流的大事业平台和大产业生态上。人才政策同质化竞争只会带来恶性竞争和大量的投机与寻租行为,人才政策取向应该遵循城市的定位、资源禀赋、经济地理优势等错位发展。
The talent-driven model has introduced new development momentum to China, and China has gradually raised the importance of talent to a strategic height. All local governments believe that the top talents are the key forces promoting technological innovation, transformation and development. It has become the most intense part of the talent competition among Chinese cities. Local governments in China have introduced policies to attract top foreign talents in recent years to maintain and enhance competitiveness. This study explores policies and implementation status regarding measures that are designed to attract Class A top foreign talents in the cities of Hangzhou, Ningbo, and Jiaxing in Zhejiang Province. The policy making and implementation of Hangzhou, Ningbo, and Jiaxing represent the current status, trend and future development of talent policies among cites in China. Using literature review, comparative analysis and online survey, this study adopts a qualitative perspective to analyse policies regarding the recruitment of top foreign talents among three cities, as well as issues that would hinder their effectiveness. This study also examines the government’s perspective in dealing with replacements and enhancement of foreign talent policies, and ultimately proposes suggestions for policy making. The main conclusion of this study is that the capacity of a city is positively correlated with the city’s attractiveness to talents. Given the uneven distribution of the world’s top talents, the talent policy should focus on facilitating the building of business platform and industrial ecology that match the unique regional economy. Homogeneous talent policies will only encourage ineffective competitions, speculations, and rent-seeking behaviours. The general direction of the talent policy should follow the city's strategic position, resource endowment, and economic and geographic advantages.
去中心化金融:构建个体主权新金融体系
Decentralized Finance : Building a New Individual Sovereignty Financial SystemLi Wang Jian
Doctor of Business Administration, Graduation Year: 2022
自中本聪发布比特币白皮书以来,数字货币市值和区块链去中心化应用生态都呈现急剧增长态势,特别是以以太坊为标志的区块链2.0出现后,区块链和去中心化应用范围不断扩展,商业模式、技术研究也不断创新。时至今日,去中心化领域已经完全成为一个不可忽视的产业和生态,并原生出顽强的生命力和创造力,持续超多元化、规模化方向发展。当前,去中心化金融总体规模已经达到千亿美元规模,但总体发展还处于指数曲线攀升阶段,以区块链为代表的分布式技术以其去中心化、不可篡改可追溯、多方协作自治等特点,具备在金融领域广泛运用的技术基础,且已经经过市场初步验证,能够解决目前金融领域存在的诸多瓶颈。 区块链、去中心化技术源自最早小众人群对新金融体系的探索,其本质也是金融科技的创新,到目前为止,去中心化世界最有创新性、最具传播能量的就是其金融应用,以至于去中心化金融已经完全成为当前世界范围内金融体系所不可或缺的组成部分,给下一代新金融体系的自成长提供了极大的助力,然而由于去中心化金融技术复杂度、地区间监管政策不一致性等因素的限制,导致去中心金融领域仍然存在诸多信息亟待解决的问题,制约着去中心化金融普及和新金融体系的深化发展。总体来说,去中心化金融发展仍然处于早期阶段,本身存在认知深度和广度限制,业界普遍还缺乏技术理论基础以及应用方法论。因此,积极探索去中心化金融的应用现状、分析和思考其未来具有重要的现实意义。 本文基于当前去中心化金融业务发展现状、去中心化技术应用现状、综合外部环境等,从去中心化金融体系现状构成、应用价值及解决的问题、未来演进趋势方向三个方面综合立体阐述了去中心化金融内容,对从业者关心的为什么需要去中心化金融、当前如何参与去中心化金融、去中心化金融未来如何发展三个核心问题作出了明确回答。
Since Nakamoto released the Bitcoin white paper, the market value of digital currency and the application ecology of blockchain decentralization have shown a sharp growth trend. Especially after the emergence of blockchain 2.0 marked by Ethereum, the application scope of blockchain and decentralization has been continuously expanded, and the business model and technical research have been continuously innovated. Today, the field of decentralization has evolved into an industry and ecology that cannot be ignored. It has demonstrated tenacious vitality and creativity and continues to develop in the direction of super diversification and scale. The overall capitalisation of decentralized finance has reached US $100 billion, and it is still undergoing exponential growth. The distributed technology represented by blockchain has the potential to be widely adopted in the financial field due to its characteristics of decentralization, tamper proof and traceability, multi-party cooperation and autonomy, and there has been preliminary evidence in the market that it can be utilised to solve existing bottleneck problems in finance. Blockchain and decentralized technology originated from the earliest exploration of a new financial system by a small group of people. Its essence is also the innovation of financial technology. So far, the most innovative and powerful applications in the decentralized world are the financial applications, and decentralized finance has become an indispensable part of the current global financial system, empowering the self-growth of the next generation of new financial system. However, due to the limitations caused by the complexity of decentralized financial technology and the regulatory inconsistencies across regions, etc., there are still many obstacles remained to be overcome in the field of decentralized finance, which otherwise restricts the mass adoption of decentralized finance and the in-depth development of the new financial system. In summary, the development of decentralized finance is still in its early stage and the technical theories and systematic methodologies of implementation are still lacking in practice. It is of great importance therefore to further investigate the development trends of decentralized finance and to improve the theoretical framework, so as to provide guidance and applicable tool and methodologies to practitioners. This paper examines extensively and thoroughly the current development of decentralized finance, the applications implemented, and the conventional financial bottleneck problems solved. It then analyses the developmental trends of decentralized finance and offers recommendations for its future development. I also try to answer in this paper three key questions that matter the most to practitioners: why is decentralized finance needed, how to participate, and what is the future of decentralized finance.
Network Industry and Business Models: Competition and Economic EfficiencyTan Chee Meng William
Doctor of Business Administration, Graduation Year: 2022
This study examines the Singapore Open Electricity Market (OEM) which had 21 Electricity Retailers when it was launched in 2019. This number of retailers appeared to be large compared with other network industries with similar market size, but a smaller number of market participants. The study explores how these Electricity Retailers interact and compete with each other for customers, given the relative differences in market shares and market power. Two approaches are employed to analyse how Electricity Retailers compete – the structural model approach and non-structural market approach. The structural approach takes two measures, concentration ratios and Herfindahl-Hirschman Index (HHI) while the non-structural approach takes the Lerner Index that measures the degree of monopoly power. The Electricity Retail market is benchmarked against three other network industries of similar characteristics – the products or services are necessities that are frequently consumed and purchased, the choice of retailers is often invisible to others making the purchase decision a fairly low involvement decision and there is a state or quasi-state body involved in the industry. The three network industries are the Mobile Telco, Grocery and Taxi industries. The Mobile Telco and Taxi industries appear to be very highly concentrated while the Electricity Retail and Grocery industries appear to be less concentrated. The high Lerner Index for the Mobile Network Operators of the Mobile Telco and the Taxi industries suggest these industries act like a monopoly. Pricing is not used much as a competitive tool for the four network industries in Singapore and market participants appear to follow the pricing set by market leaders, with market participants in the Mobile Telco and Taxi industries acting as implicit cartels to maintain prices. The inverse of HHI presents an effective number of market participants in each network industry that could replicate the level of competition and concentration at each industry, which appears to be eight, three, seven and four for the Electricity Retail, Mobile Telco, Grocery and Taxi industries, respectively. These estimates are confirmed by the respective concentration ratios of each industry.
Past Sovereign Defaults, the Predictability of Future Defaults and the Usefulness of Sovereign RatingsWong Keng Siong
Doctor of Business Administration, Graduation Year: 2022
Serial defaults by some countries have been said to be a common phenomenon, even though credit defaults by sovereign borrowers are known as “low default probability” events. This study therefore sets out to validate the perception that some countries are more predisposed to sovereign defaults than others. Recent sovereign defaults have also revived the debate about the roles and relevance of credit rating agencies. This study then looks at usefulness of ratings issued by rating agencies in providing advance warnings of sovereign defaults. Finally, this study seeks to find commonalities amongst countries that has defaulted so that metrics can be developed to identify future defaulters. Probit tests using panel data dating back to 1975 support the view that sovereign borrowers are likely to default in the first seven years following a credit default. Tests of the sample means of the notch differences of the ratings issued by the Big Three rating agencies in the periods before a sovereign default suggest that credit ratings are not predictive of imminent sovereign default. Subsequently, multinomial probit regression has identified the Worldwide Governance Indicators and the Human Development Index to be statistically significant drivers of sovereign defaults.
Environmental Sustainability and Coal Mining in China: Espoused Theory and Institutional LogicToh Meng Sung Christopher
Doctor of Business Administration, Graduation Year: 2022
This study aims to prove the hypothesis that the Chinese Coal industry will prosper if Chinese Coal companies adopt environmentally sustainable practices. First, this study identifies the forces and hurdles that are preventing Chinese Coal miners from adopting environmentally sustainable practices. Second, it proposes solutions for the Chinese coal miners to practice in an environmentally sustainable and profitable manner, namely environmental management and organizational change. A qualitative approach is employed to investigate the hypothesis, namely document review and analysis of company website materials, an online qualitative questionnaire, face-to-face interviews with selected people at some of the Chinese Coal companies and experts’ views. Espoused theory and institutional logic confirm the applicability of theories in the context of the Chinese Coal industry. The findings of the thesis demonstrate that the development of the Coal industry in China can be reconciled with the strengthening of environmental regulations, together with the adoption of environmentally sustainable practices, and on this base, suggests the Coal industry has a promising future.