231,286 research outputs found

    The Ownership School vs. the Management School of State Enterprise Reform: Evidence from China

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    There are two schools of thoughts on the important issue of reforming state-owned enterprises (SOEs). We call them the ownership school and the management school. The ownership school argues that the key to the reform is to diversify SOEs' ownership, including privatization, in order to eliminate government control of SOEs. The management school emphasizes the need to improve government's management of SOEs by, for example, granting SOE employees autonomy and profit incentives. Utilizing a data set of 680 SOEs in China, covering the period of 1980 to 1994, we test the relative effectiveness of these two kinds of reform measures. This is possible due to the fact that reform measures based on each of these two schools of thoughts were practised in China. Our results yield strong support for the ownership school while leaving very mixed evidence for the management school. Moreover, we find that the impact of ownership diversification was of the same order of magnitude on the economic performance of state enterprises as that of enhancing product market competition.http://deepblue.lib.umich.edu/bitstream/2027.42/39819/3/wp435.pd

    Looking into DNA breathing dynamics via quantum physics

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    We study generic aspects of bubble dynamics in DNA under time dependent perturbations, for example temperature change, by mapping the associated Fokker-Planck equation to a quantum time-dependent Schroedinger equation with imaginary time. In the static case we show that the eigenequation is exactly the same as that of the β\beta-deformed nuclear liquid drop model, without the issue of non-integer angular momentum. A universal breathing dynamics is demonstrated by using an approximate method in quantum mechanics. The calculated bubble autocorrelation function qualitatively agrees with experimental data. Under time dependent modulations, utilizing the adiabatic approximation, bubble properties reveal memory effects.Comment: 5 pages, 1 figur

    Orbital ordering in the ferromagnetic insulator Cs2_2AgF4_4 from first principles

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    We found, using density-functional theory calculations within the generalized gradient approximation, that Cs2_2AgF4_4 is stabilized in the insulating orthorhombic phase rather than in the metallic tetragonal phase. The lattice distortion present in the orthorhombic phase corresponds to the x2−z2x^2-z^2/y2−z2y^2-z^2 hole-orbital ordering of the Ag2+^{2+} 4d94d^9 ions, and this orbital ordering leads to the observed ferromagnetism, as confirmed by the present total-energy calculations. This picture holds in the presence of moderate 4d-electron correlation. The results are compared with the picture of ferromagnetism based on the metallic tetragonal phase.Comment: 5 pages, 4 figures, 1 table; a few energy/moment entries in Table I are corrected due to a proper treatment of the Ag 4s semicore stat

    An ALMA Dynamical Mass Estimate of the Proposed Planetary-mass Companion FW Tau C

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    Dynamical mass estimates down to the planet-mass regime can help to understand planet formation. We present Atacama Large Millimeter/submillimeter Array (ALMA) 1.3 mm observations of FW Tau C, a proposed ~10 MJupM_{\rm Jup} planet-mass companion at ~330 au from the host binary FW Tau AB. We spatially and spectrally resolve the accretion disk of FW Tau C in 12{}^{12}CO (2-1). By modeling the Keplerian rotation of gas, we derive a dynamical mass of ~0.1 M⊙M_\odot. Therefore, FW Tau C is unlikely a planet, but rather a low-mass star with a highly inclined disk. This also suggests that FW Tau is a triple system consisting of three ~0.1 M⊙M_\odot stars.Comment: Accepted for publication in ApJ
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