Transforming corporate governance in Chinese corporations: a journey not a destination

The article offers a systemic, historical, and rigorous study of the transformation of Chinese corporate governance, focusing on its development from a totally administrative model, being one which relies on government and administrative power and imposes on corporations’ controllers administrative duties and objectives, to a hybrid model which has both administrative and economic governance characteristics. The article assesses whether administrative power will hinder corporate governance transformation in China on its journey towards a sound and sustainable model. We opine that the government continues to have a key role to play in corporate governance in China which makes administrative interference and power something that is embedded in corporate governance regimes through public and political policies, law enforcement, and strategic management policies for corporations. The administrative involvement might sacrifice efficiency, and effective market and corporate responses. However, it is observed that it may bring comparative advantages for Chinese corporate governance in terms of supporting long term strategic planning and the setting of multiple goals for State Owned Enterprises (SOEs, hereinafter), with government interference producing immediate action in order to prevent market failure

The implications of a changing climate on agricultural land classification in England and Wales

The agricultural land classification (ALC) of England and Wales is a formal method of assessing the quality of agricultural land and guiding future land use. It assesses several soil, site and climate criteria and classifies land according to whichever is the most limiting. A common approach is required for calculating the necessary agroclimatic parameters over time in order to determine the effects of changes in the climate on land grading. In the present paper, climatic parameters required by the ALC classification have been re-calculated from a range of primary climate data, available from the Meteorological Office's UKCP09 historical dataset, provided as 5 km rasters for every month from 1914 to 2000. Thirty-year averages of the various agroclimatic properties were created for 1921–50, 1931–60, 1941–70, 1951–80, 1961–90 and 1971–2000. Soil records from the National Soil Inventory on a 5 km grid across England and Wales were used to determine the required soil and site parameters for determining ALC grade. Over the 80-year period it was shown that the overall climate was coolest during 1951–80. However, the area of land estimated in retrospect as ‘best and most versatile (BMV) land’ (Grades 1, 2 and 3a) probably peaked in the 1951–80 period as the cooler climate resulted in fewer droughty soils, more than offsetting the land which was downgraded by the climate being too cold. Overall there has been little change in the proportions of ALC grades among the six periods once all 10 factors (climate, gradient, flooding, texture, depth, stoniness, chemical, soil wetness, droughtiness and erosion) are taken into account. This is because it is rare for changes in climate variables all to point in the same direction in terms of ALC. Thus, a reduction in rainfall could result in higher grades in wetter areas but lead to lower classification in drier areas

Accountability in corporate governance in China and the impact of Guanxi as a double-edged sword

Accountability is an essential aspect of corporate governance and it has been argued that the “wenze” system of accountability in China comes very close to the accountability systems developed in Anglo-American corporate governance. This Article examines the role of cultural factors, namely guanxi and its derivatives, in corporate governance in China to determine what effect, if any, these cultural factors have on the operation and development of the “wenze” system in large listed companies. The Article specifically considers whether the cultural elements affect accountability, and if so, how and to what extent. It also explores whether these cultural factors are good, bad, or neutral as far as the development of accountability in fostering good corporate governance is concerned. The Article advocates a realistic, functional, and culturally sensitive corporate governance accountability system in China, under which guanxi and its derivatives will not be regarded as a substitute for accountability, but will work within the “wenze” system of accountability. Meanwhile, the Article’s analysis also demonstrates that guanxi is a double-edge sword, for while it can be an impediment to accountability, it is not totally inimical to ensuring that there is accountability

Land-use experiments in the Loch Laidon Catchment: 2007 data report on Stream Water Quality to the Rannoch Trust

In 1992 the Rannoch Trust established the Loch Laidon catchment land-use experiment, which is investigating the effects of summer cattle grazing on the terrestrial and aquatic upland environment. Situated in Perthshire, Scotland, the study area falls within a number of designations, including the Rannoch Moor Special Area of Conservation and Site of Special Scientific Interest, the Rannoch Lochs Special Protection Area and the Tayside Local Biodiversity Action Plan

Land-use experiments in the Loch Laidon Catchment. Eighth report on Stream Water Quality to the Rannoch Trust

This report presents the results from the Stream Water Quality component of the Loch Laidon catchment land-use experiment which began in 1992. The experiment was set up to examine the effects of cattle grazing on the aquatic and terrestrial habitats and biota of a moorland area of upland Scotland

Spontaneous DC Current Generation in a Resistively Shunted Semiconductor Superlattice Driven by a TeraHertz Field

We study a resistively shunted semiconductor superlattice subject to a high-frequency electric field. Using a balance equation approach that incorporates the influence of the electric circuit, we determine numerically a range of amplitude and frequency of the ac field for which a dc bias and current are generated spontaneously and show that this region is likely accessible to current experiments. Our simulations reveal that the Bloch frequency corresponding to the spontaneous dc bias is approximately an integer multiple of the ac field frequency.Comment: 8 pages, Revtex, 3 Postscript figure

Theory of Coherent Time-dependent Transport in One-dimensional Multiband Semiconductor Superlattices

We present an analytical study of one-dimensional semiconductor superlattices in external electric fields, which may be time-dependent. A number of general results for the (quasi)energies and eigenstates are derived. An equation of motion for the density matrix is obtained for a two-band model, and the properties of the solutions are analyzed. An expression for the current is obtained. Finally, Zener-tunneling in a two-band tight-binding model is considered. The present work gives the background and an extension of the theoretical framework underlying our recent Letter [J. Rotvig {\it et al.}, Phys. Rev. Lett. {\bf 74}, 1831 (1995)], where a set of numerical simulations were presented.Comment: 15 pages, Revtex 3.0, uses epsf, 2 ps figures attache

Effects of site management in pine plantations on the coastal lowlands of subtropical Queensland, Australia

Biomass and nutrient distribution in a 30-year-old slash pine (Pinus elliottii) plantation in Queensland, Australia, were estimated following clear-felling in November 1995, to provide a basis for interpreting changes in the nutrient pools and tree responses to harvest residue management practices applied at the establishment of the second rotation. Total biomass at clearfall of a typical slash pine stand was 316 t ha-1, of which 206 t ha-1 was removed in logs. Nitrogen and P removed in logs accounted for 7.6 and 3.4% of total N and P, respectively, in the ecosystem. Residues remaining after logging contained 12% of the total N and 5.2% of the total P. Proper management of these residues is therefore critical for sustaining site productivity. Following clear felling, a long-term experiment was established to assess the impacts of harvesting residues and litter management regimes on soil fertility and productivity of the second crop F1 hybrid between slash pine and Honduras Caribbean pine (P. caribaea var. hondurensis). Early results from this experiment showed that tree stem volume and above ground biomass production increased by 31 and 29%, respectively, at age 39 months by retaining litter and logging residues, compared with the treatment in which logging residues and litter were removed. Further improvements in tree growth have been achieved by doubling the quantity of residues retained and by controlling weed competition. Foliar nutrient concentrations indicated that N may play an important role in the maintenance of long-term site productivity. Differences exist in the growth and foliar nutrient concentrations between the different hybrid families tested but all families responded similarly to the residue treatments. The presence of the residues increased soil moisture levels in the surface soil during a dry season. There was a marked reduction in the quantity of residue, especially the finer fraction, after 39 months. This study has contributed to an improved understanding of the soil and plant factors controlling productivity and provided a basis for more detailed studies on processes underpinning plantation sustainability

The true cost of hidden waiting times for cataract surgery in Australia

Cataract surgery is a safe, effective and common elective procedure in Australia but access is inequitable. True waiting times for cataract care are undisclosed or inconsistently reported by governments. Estimates of true waiting times range from 4 to 30 months and have been extended during the coronavirus disease 2019 (COVID-19) pandemic. Comparative analysis revealed that reducing waiting periods from 12 to 3 months would result in estimated public health system cost savings of $6.6 million by preventing 50 679 falls. Investment in public cataract services to address current unmet needs would prevent avoidable vision impairment and associated negative consequences

An Anisotropic Wormhole:TUNNELLING in Time and Space

We discuss the structure of a gravitational euclidean instanton obtained through coupling of gravity to electromagnetism. Its topology at fixed $t$ is $S^1\times S^2$. This euclidean solution can be interpreted as a tunnelling to a hyperbolic space (baby universe) at $t=0$ or alternatively as a static wormhole that joins the two asymptotically flat spaces of a Reissner--Nordstr\"om type solution with $M=0$.Comment: PLAIN-TEX, 16 pages (4 figures not included), Report DFTT 2/9