State capitalism and social responsibility in China's banking industry

China’s financial system has experienced a series of major reforms in recent years. Efforts have been made towards introducing the shareholding system in state-owned commercial banks, restructuring of securities firms, re-organising equity of joint venture insurance companies, further improving the corporate governance structure, managing financial risks and ultimately establishing a system to protect investors (Xinhua, 2010). Financial product innovation, with the further opening up of financial markets and the development of the insurance and bond market, has increased liquidity as well as reduced financial risks. The U.S. subprime crisis indicated the benefit of financial innovations for the economy, but without proper control, they may lead to unexpected consequences. Kirkpatrick (2009) argues that failures and weaknesses in corporate governance arrangements and insufficient accounting standards and regulatory requirements attributed to the financial crisis. Similar to the financial crises of the last decade, the global financial crisis which sparked in 2008, surfaced a variety of significant corporate governance failures: the dysfunction of market mechanisms, the lack of transparency and accountability, misaligned compensation arrangements and the late response of government, all which encouraged management short-termism, poor risk management, as well as some fraudulent schemes. The unique characteristics of the Chinese banking system are an interesting point for studying post-crisis corporate governance reform. Considering that China modelled its governance system on the Anglo-American system, this paper examines the impact of the financial crisis on corporate governance reform in developed economies, and particularly, China’s reform of its financial sector. The paper further analyses the Chinese government’s role in bank supervision and risk management. In this regard, the paper contributes to the corporate governance literature within the Chinese context by providing insights into the contributing factors to the corporate governance failure that led to the global financial crisis. It also provides policy recommendations for China’s policy makers to seriously consider. The results suggest a need for the re-examination of corporate governance adequacy and the institutionalisation of business ethics. The paper’s next section provides a review of China’s financial system with reference to the financial crisis, followed by a critical evaluation of a capitalistic system and a review of Anglo-American and Continental European models. It then analyses the need for a new corporate governance model in China by considering the bank failures in developed economies and the potential risks and inefficiencies in a current State controlled system. The paper closes by reflecting the need for Chinese policy makers to continually develop, adapt and rewrite corporate governance practices capable of meeting the new challenge, and to pay attention to business ethics, an issue which goes beyond regulation.

The role of statistical learning in the acquisition of motion event construal in a second language

Learning to talk about motion in a second language is very difficult because it involves restructuring deeply entrenched patterns from the first language (Slobin 1996). In this paper we argue that statistical learning (Saffran et al. 1997) can explain why L2 learners are only partially successful in restructuring their second language grammars. We explore to what extent L2 learners make use of two mechanisms of statistical learning, entrenchment and pre-emption (Boyd and Goldberg 2011) to acquire target-like expressions of motion and retreat from overgeneralisation in this domain. Paying attention to the frequency of existing patterns in the input can help learners to adjust the frequency with which they use path and manner verbs in French but is insufficient to acquire the boundary crossing constraint (Slobin and Hoiting 1994) and learn what not to say. We also look at the role of language proficiency and exposure to French in explaining the findings.

Process analysis of trauma-focused cognitive behavioural therapy for individuals with schizophrenia

Objective. Therapeutic alliance, modality, and ability to engage with the process of therapy have been the main focus of research into what makes psychotherapy successful. Individuals with complex trauma histories or schizophrenia are suggested to be more difficult to engage and may be less likely to benefit from therapy. This study aimed to track the in-session ‘process’ of working alliance and emotional processing of trauma memories for individuals with schizophrenia. Design. The study utilized session recordings from the treatment arm of an open randomized clinical trial investigating trauma-focused cognitive behavioural therapy (TF-CBT) for individuals with schizophrenia (N = 26). Method. Observer measures of working alliance, emotional processing, and affect arousal were rated at early and late phases of therapy. Correlation analysis was undertaken for process measures. Temporal analysis of expressed emotions was also reported. Results. Working alliance was established and maintained throughout the therapy; however, agreement on goals reduced at the late phase. The participants appeared to be able to engage in emotional processing, but not to the required level for successful cognitive restructuring. Conclusion. This study undertook novel exploration of process variables not usually explored in CBT. It is also the first study of process for TF-CBT with individuals with schizophrenia. This complex clinical sample showed no difficulty in engagement; however, they may not be able to fully undertake the cognitive–emotional demands of this type of therapy. Clinical and research implications and potential limitations of these methods are considered.

A 2-year follow-up study of work ability among college educators

The aim of this study was to evaluate work ability among college educators before and after an intervention at the workplace. An administrative restructuring in the workplace started to be implemented in 2005. The work ability index (WAI) was administered to 154 educators before the restructure in 2004 and to 60 educators following the restructure in 2006. A mest comparing the WAI score of the 60 educators who took part in both phases showed a trend of improving work ability (p = 0.06; mean WAI in 2004 was 41.7 and 43.3 in 2006). The results suggest that the intervention led to an improvement in psychosocial factors, which in turn positively influenced work ability. (c) 2008 Elsevier Ltd. All rights reserved.

Voltammetric characterization of stepped platinum single crystal surfaces vicinal to the (110) pole

Platinum stepped surfaces vicinal to the (1 1 0) crystallographic pole have been investigated voltammetrically in 0.1 M HClO(4) and 0.1 M H(2)SO(4) solutions. Changes in the voltammetric profile with the step density suggest the existence of two types of surface sites, that has been ascribed to linear and bidimensional domains. This result indicates the existence of important restructuring processes that separate the real surface distribution from the nominal one. The electronic properties of the surfaces have been characterized with the CO charge displacement method and the potential of zero total charge has been calculated as a function of the step density. (c) 2009 Elsevier B.V. All rights reserved.

e-infrastruktur som stöd för hemtjänsten

The annual cost of home care services of transport in Falun/Borlänge, is now at 31 million kronor. It is clear from previous research that it is possible to reduce these costs through a restructuring of the existing home-help service. The restructuring aims to have a higher proportion of older people, who are in need of care, to live in special accommodation, in order to reduce transport costs. Therefore there is a need for systems that allow home-help service to plan their operations in such a way that transport is working as efficiently as possible. Through better planning, there are profits to be done. The rewards are not only of an economic nature but also include a reduced environmental impact, better working environment, improving road safety, and better service. One way to achieve this is to give home-help service personnel better navigation aid when they move between the customers. The thesis describes such a solution through a developed prototype based on a standardized interaction between a planning and a navigation service. The thesis describes such a solution through a developed prototype based on a standardized interaction between a planning and a navigation service. Development work has also been a first step in developing a standardized information infrastructure for home-help service. The purpose of the thesis is, on the basis of theory and the experience we have acquired through the development of the prototype, to discuss general issues which are of interest when developing standardized information infrastructure.

Variação, contato e mudança linguística em Moçambique e Cabo Verde : A concordância variável de número em sintagmas nominais do português

This study investigates variable noun phrase number agreement (VNA) in two second language varieties of Portuguese, spoken in Maputo, Mozambique and in Mindelo, Cape Verde. Quantitative VARBRUL analysis is carried out based on recordings made in Maputo and Mindelo 2007 and 2008. Previous quantitative studies on VNA in varieties of Brazilian Portuguese (Guy, 1981; Lopes, 2001; Andrade, 2003) as well as on VNA in first and second language varieties of Portuguese from São Tomé (Baxter, 2004; Figueiredo, 2008, 2010) indicate contact between Portuguese and African languages as the main origin of this phenomenon. VNA in Brazilian Portuguese is, however, interpreted by Scherre (1988) and Naro & Scherre (1993, 2007) as the result of language internal drift. Varieties of Portuguese from Mozambique and Cape Verde are particularly interesting to contrast in order to investigate influences from African languages on VNA, as in Mozambique Bantu languages are first languages of the vast majority of Portuguese speakers, whereas in Cape Verde, practically all Portuguese speakers are first language speakers of Cape Verdean Creole, whose substrates are West African, and not Bantu, languages. Comparison is also made with previous studies from Brazil and São Tomé. The results of this study comment previously postulated explanations for VNA in Portuguese in various ways. The analysis of the variables onset age and age stratum indicates that VNA in the analyzed varieties is a phenomenon linked to the acquisition of Portuguese as a second language and/or language contact rather than the result of internal drift. The fact that all the compared varieties tend to mark plural on pre-head components contradicts Bantu transfer as an explanation for this pattern, and raises the need to also consider more general explanations based on language contact. The basic structural similarity between the compared varieties suggests the existence of a grammatical restructuring continuum.

Modernist Success in a Postmodern Failure: Jackson Pollock and Abstract Expressionism, the Avant-Garde and the Ascension of Late Capitalism, Art after 1945

It is hard to imagine the magnitude of the events at the end of World War II. The thought produced in the face of a myriad of deaths is almost unfeasible sixty years after the fact, but the energy was integral to the changing social landscape. Because of the country's prominence in and fortitude after the war, the U.S. was left responsible for reshaping and rejuvenating the international landscape that was destroyed by the years of brutal fighting and vile contestation. The American establishment was granted a major opportunity to establish itself amongst the global leaders. Such a grand responsibility must account for the multiplicity of thought that arises in such a decisive moment. In order to align the Abstract Expressionist art movement with the intersection of the intense, multifaceted thought developed during the postwar period, the following will discuss the political, philosophical, economic, and art historical overlap that occurred in the mid to late 1940s in the hopes of illustrating the fertility yet lingering problems associated with the restructuring of the world with America at the helm. In this way, the duration of the Abstract Expressionist moment will be better understood for both its triumphs and downfalls.

Bordering on Disaster?

Borders, the bookstore, provides us with an instructive case study regarding our collective futures. While Amazon and Barnes & Noble made changes that both streamlined and changed their services, Borders followed the “business as usual” model. That led to Chapter 11, the closing of nearly a third of their stores, and a complete restructuring of all that’s left. Not many industry analysts think even this will be enough to keep the company afloat.

Privatização aspectos fiscais e dívida pública

Este trabalho analisa os efeitos do programa de desestatização brasileiro sobre acumulação da dívida pública no período 1995-1999. objetivo central avaliar se utilização de receitas auferidas com alienação de ativos estatais concessões de serviços públicos no abatimento de dívidas de curto prazo tem efeito significativo sobre redução ou contenção do crescimento da dívida pública alteração do seu perfil, com reflexos sobre as necessidades de financiamento do setor público. Como possível contribuição adicional, esta dissertação apresenta um conjunto de dados, em geral pouco conhecidos, relativos às empresas estatais, ao programa de desestatização dívida pública, considerados de interesse geral. Dentre os principais aspectos discutidos no trabalho destacam-se os seguintes, referentes ao período 1995-1999. economia de juros obtida por meio do uso de recursos da privatização no resgate da dívida mobiliária interna de emissão do Tesouro Nacional atingiu R$ 8,8 bilhões, contra R$ 0,5 bilhão que Tesouro deixou de arrecadar na forma de dividendos das empresas privatizadas. No que tange aos efeitos da privatização sobre os estoques de dívidas, calcularam-se reduções de R$ 27,6 bilhões R$ 30,8 bilhões no saldo nas emissões de títulos competitivos dessa dívida, respectivamente. redução da dívida líquida do setor público alcançou 8,4% do PIB, tendo as privatizações estaduais contribuído com 3,6% do PIB. Adicionalmente, as necessidades de financiamento do setor público foram reduzidas em 5,4% do PIB. Esses são alguns resultados obtidos, por meio de metodologia de cálculo descrita no trabalho utilizando-se dados efetivamente observados, com os valores em moeda corrente preços de dezembro de 1999. Acrescenta-se esses resultados melhoria do desempenho das estatais remanescentes de alguns indicadores fiscais, com impactos positivos sobre dívida e déficit públicos. análise dos resultados indica que contribuição da privatização para redução da dívida do setor público esforço de ajuste fiscal pode ser significativa, mesmo no curto prazo. utilização de receitas de privatização para abater diversas dívidas governamentais as dívidas transferidas para setor privado reduziram carga de juros incidentes sobre dívida, seu estoque déficit público no período sob análise. privatização possibilitou, ainda, melhoria do perfil da dívida reestruturação de passivos do setor público.

Service industries and service economy

The study analyses the role of services in modern and less-developed economies. It shows the different meanings of the value, definition and classification of service activities found in economic literature. It discusses the relation between service production growth and economic development observing the role of these activities in the dynamics of economic restructuring. Further, it also examines the differences between private and public sector service restructuring and the consequences of internationalization of services. It concludes that economic restructuring also caused by changes in the nature of goods and services has important regional effects.

A Reestruturação produtiva e o surgimento de um novo padrão de ação sindical no Brasil

This work is focused on understanding the most important issues originated from the current Brazilian productive restructuring and its impacts on the formation of a new unionism style, especially the pattern followed by the Workers Union's Congress (CUT). From the processes that have been developing in the automotive factories of the ABC region, as well as inside the unions, we can say that: (i) the participation of the unions in the elaboration and modificaton of the productive processes and the labor organization has been increasing; (ii) this trend has been spreading very quickly inside the workers union movement linked to the CUT, strenghtening the inflexion taken by this Congress since the beginning of the nineties; (iii) the negotiations and its outcomes are drawing away from an approach that seeks to establish a mechanical correspondance between production flexibilization measures and the implementation of certain industrial relations.

Perfil dos trabalhadores por conta própria no Brasil

O objetivo global desta pesquisa foi contribuir com subsídios para a análise das características do trabalhador brasileiro por conta própria ou autônomo, particularmente no que se refere ao padrão de distribuição setorial, ocupacional e dos rendimentos da população ocupada, tendo em vista os novos requisitos demandados pelos atuais processos produtivos e organizacionais, dentro e fora das empresas. Estas características são retratadas pela representatividade ocupacional dos trabalhadores detalhando particularmente as diferenças segundo a segmentação setorial, nível de escolaridade, rendimentos, número de horas trabalhadas por semana e gênero, analisando as informações disponíveis para o ano de 1997.

Reestruturação produtiva e terciarização

A pesquisa examina os aspectos teóricos e empíricos relacionados ao movimento de reestruturação produtiva das economias e as implicações sobre o processo de terciarização verificado na atualidade tanto em países avançados quanto nos menos desenvolvidos. O estudo parte de uma base teórica que inclui como condicionantes da intensificação dessa reestruturação e terciarização o crescente processo de globalização econômica, o aumento da intensidade e da velocidade do progresso tecnológico, bem como a necessidade do enfrentamento de uma situação conjuntural recessiva. Foi examinada empiricamente a realidade brasileira em um período histórico a partir dos anos 70.

O impacto de reestruturação e privatização na gestão integrada do setor de energia elétrica: análise do setor a partir da abordagem de redes

The Brazilian energetic sector is passing through deep transformations. The restructure is mainly characterized by the passage from a vertical and centrally coordinated system, in hands of the State, to a more horizontal one, with characteristics of a network, in which organizations, such as the National Agency of Electric Energy (ANEEL), the new regulator entity, the Wholesaler Market of Electric Energy (MAE), the National Operator of Electric System (ONS), Eletrobrás and the National Bank of Economic and Social Development (BNDES) are designated as the principals integrators of the system. The objective of the present work was to analyze the influence of the privatization and restructuring processes in the integration of the Brazilian system of electric energy. The analysis was based on the instruments offered by the network approach. The results of the research show that the Brazilian sector of electric energy cannot be considered as a highly integrated network. In this new horizontal configuration, the social actors are affirming its roles, functions and objectives, while the key-organization like ANEEL, ONS, MAE, Eletrobrás, and BNDES are being structured to strengthen its integrative role.