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This chapter looks into China's experiences with embracing new steering instruments to promote social stability, with particular reference to the protection of households…
This chapter looks into China's experiences with embracing new steering instruments to promote social stability, with particular reference to the protection of households involved in city regeneration projects. During the closing years of the twentieth century, China experienced a fundamental transition, from a planned mode of urban regeneration to a new pattern that emphasised the involvement of the market. Under the planned regime, households affected by regeneration projects were provided with new apartments and temporary housing, all financed by the local government. Economic incentives were rarely employed to encourage households to resettle, as resettlement was seen as a civil obligation. The new approach, featuring marketisation, however, requires the affected households to pay for their new houses using monetary compensation and subsidies from the local governments. The local governments are strongly motivated to save such costs and thus provide limited compensation, and consequently complaints from the affected households have continued to grow (Peerenboom & He, 2009).
Multifaceted issues such as safety, social inclusion, poverty, mobility, rural development, city regeneration or labour market integration require integrated approaches in…
Multifaceted issues such as safety, social inclusion, poverty, mobility, rural development, city regeneration or labour market integration require integrated approaches in their steering. Governments are looking for instruments that can address the boundary-spanning nature of many social problems. In their quest to achieve valued social outcomes, they struggle with their new role, and the inadequacy of both market working and government-led central agency. After three decades of New Public Management (NPM)-style reforms, the strengths and weaknesses of this philosophy have become widely apparent. Fragmentation is a prominent observation in many evaluations of the NPM approach. The fragmentation of both policy and implementation lead to unsatisfactory public outcomes and a heightened experience of a loss of control on the part of policymakers. Achieving valued and sustainable outcomes requires collaboration between government departments, private actors, non-profit organisations, and citizens and requires tools that integrate the lessons of NPM with the new necessities of coordinated public governance. The public administration literature has in recent years been concerned with the ‘what's next?’ question, and many alternatives to NPM have been proposed.
This paper explores the relationship between inventory productivity and the likelihood of venture survival and then examines how financial constraints moderate the…
This paper explores the relationship between inventory productivity and the likelihood of venture survival and then examines how financial constraints moderate the inventory productivity–survival linkage.
Accelerated failure time (AFT) model is employed to study the link between inventory productivity and venture survival by using small- and medium-sized enterprise (SME) data from Chinese Annual Survey of Industrial Firms (CASIF) database over the period 1999–2007.
The paper demonstrates a converse U-curve relation between inventory productivity and venture survival. Additionally, financial constraints as the moderator weaken the marginal effect of inventory productivity on venture survival.
Managers should pay more attention to the important inventory performance indicator: inventory productivity. In the context of prominent financing difficulties, managers should be rapid to adjust the competitive strategy and optimize the internal production process according to the inherent nature of risks in a friction environment, and thus generate resources that enterprises cannot raise in the financial market.
This study may be the first to practically investigate the role of inventory productivity on venture survival and the moderating effect of financing constraints on this relationship. It adds to abundant articles as regards the interface between operation management and venture survival by exploring how financial constraints moderate the inventory productivity–survival linkage.