Investment and labor income shares

Economic Change and Restructuring - We explore empirically the determinants of labor shares focusing on the role of investment. We use a cross-country framework and consider up to 99 countries for...     

The cross holding of company shares

Cross shareholding is a practice whereby pairs of companies exchange holding of shares. It is vitally important to recognize that cross shareholding has both positive and negative effects, the latter of which demand particular scrutiny. This article tries to suggest a possible framework for the regulation of cross shareholding in China, by mainly applying lessons and implications from the experiences of Japan, where cross-holding has contributed to the spike and collapse of its economy. Currency appreciation, accounting rules changes and capital market restructuring are putting China in the similar shoes. Targeting at different situations, hereby a spectrum of rules has been proposed.     

Australia: Capital gains on sale shares treated as trust income

The testator, in his will trust, provided that the widow wouldreceive the income from the trust for her lifetime with a powerfor the trustee to pay part of the capital to her if the incomewas shown to be insufficient for her reasonable needs. The residueof the will trust was to pass to the testator's children. After the widow's death, an application was made by the residuarybeneficiaries claiming a breach of trust on the grounds thatthe trustee had treated capital gains on the sale of sharesin the estate as income. In his will, the testator had providedthat the trustee might, in his discretion, determine whetherreceipts     

国有股减持中的政府与市场——国有股减持困境的经济法分析

去年以来，国有股减持成为我国股票市场乃至全社会关注的焦点。国务院有关部门制定的减持方案甫一出台，就不断受到社会各界的口诛笔伐。在其被暂停实施后，公众的关注点又转移到新方案的设计与选择上来。的确，要坚定地将国有股减持搞下去，减持方案的选择及其中具体技术性问题的设计可能更为关键和实用。但是，这次国有股减持失败折射出的一些深层次问题，特别是在我国市场经济制度建设过程中……     

The legal nature of shares in landowning joint stock companies in the nineteenth century

This essay examines some of the contexts in which women appear especially in non-royal deeds from the kingdom of Scotland in the years between roughly 1150 and 1350. It is based on a survey of several thousand charters written on behalf of both men and women, native, Anglo-Norman and European. It considers how charter evidence may be used to illuminate the extent to which women both used and shaped the laws and customs that governed the conveyance of land in medieval Scotland, and examines changes in women's legal capacity over time. Recent studies on literacy in later medieval Europe have shown that women participated actively in the literate culture of the period and that they exerted a sometimes profound influence on written texts themselves, and this theme is explored at some length in the context of Scottish charter evidence. Also examined is the extent to which traditional Gaelic customs in respect of women's property rights shaped and influenced the early common law of Scotland.     

外商投资股份公司的法律性质和特点分析

外商投资股份公司作为外商在中国投资的重要形式,在我国的经济发展中发挥着越来越重要的作用.本文根据我国立法和实践,通过分析指出外商投资股份公司在本质上应该是股权式合营企业,属于中外合资经营企业的一种形式.其法律性质是中国的法人,组织形式为股份有限公司,具有资本股份化、以营利为目的等股份有限公司的共同特点,但同时在中国目前的法律环境下又在股东资格、股权比例、注册资本额以及待遇享受等方面具有特殊性,而这些特殊性也是问题所在.     

外商投资股份有限公司的发展及其法律适用

一、外商投资股份有限公司的发展 对于股份有限公司,在不同的国家和地区有不同的表述,如英国称为"Company Limited By Shares","Stock Corporation",日本和韩国则称为"株式会社".而且不同的学科领域,对股份有限公司的理解也有不同.股份有限公司作为一个法律术语力求表达的股份有限公司的本质特征、法律地位以及与其他公司形态的区别,但各国法律强调的侧重点不同.     

Federal financial participation in state assistance expenditures; federal matching shares for Aid to Families with Dependent Children, Medicaid, and aid to needy aged, blind, or disabled persons for October 1, 1991 through September 30, 1992--HHS. Notice

The Federal Percentages and Federal Medical Assistance Percentages for Fiscal Year 1992 have been calculated pursuant to the Social Security Act (the Act). These percentages will be effective from October 1, 1991 through September 30, 1992. This notice announces the calculated "Federal percentages" and "Federal medical assistance percentages" that we will use in determining the amount of Federal matching in State welfare and medical expenditures. The table gives figures for each of the 50 States, the District of Columbia, Puerto Rico, the Virgin Islands, Guam, American Samoa, and the Northern Mariana Islands. Programs under title XIX of the Act exist in each jurisdiction; title IV-A programs in all jurisdictions except American Samoa and the Northern Mariana Islands; programs under titles I, X, and XIV operate only in Guam and the Virgin Islands; while a program under title XVI (AABD) operates only in Puerto Rico. The percentages in this notice apply to State expenditures for assistance payments and medical services (except family planning which is subject to a higher matching rate). The statute provides separately for Federal matching of administrative costs. Sections 1101(a)(8) and 1905(b) of the Act, as revised by section 9528 of Pub. L. 99-272, require the Secretary of Health and Human Services to publish these percentages each year. The Secretary is to figure the percentages, by formulas in sections 1101(a)(8), and 1905(b) of the Act, from the Department of Commerce's statistics of average income per person in each State and in the Nation as a whole. The percentages are within upper and lower limits given in those two sections of the Act.(ABSTRACT TRUNCATED AT 250 WORDS)     

Federal financial participation in state assistance expenditures; federal matching shares for Aid to Families With Dependent Children, Medicaid, and aid to needy aged, blind, or disabled persons for October 1, 1994 through September 30, 1995--HHS. Notice

The Federal Percentages and Federal Medical Assistance Percentages for Fiscal Year 1995 have been calculated pursuant to the Social Security Act (the Act). These percentages will be effective from October 1, 1994 through September 30, 1995. This notice announces the calculated "Federal percentages" and "Federal medical assistance percentages" that we will use in determining the amount of Federal matching in State welfare and medical expenditures. The table gives figures for each of the 50 States, the District of Columbia, Puerto Rico, the Virgin Islands, Guam, American Samoa, and the Northern Mariana Islands. Programs under title XIX of the Act exist in each jurisdiction; title IV-A programs in all jurisdictions except American Samoa and the Northern Mariana Islands; programs under titles I, X, and XIV operate only in Guam and the Virgin Islands; while a program under title XVI (AABD) operates only in Puerto Rico. The percentages in this notice apply to State expenditures for assistance payments and medical services (except family planning which is subject to a higher matching rate). The statute provides separately for Federal matching of administrative costs. Sections 1101(a)(8) and 1905(b) of the Act, as revised by section 9528 of Public Law 99-272, require the Secretary of Health and Human Services to publish these percentages each year. The Secretary is to figure the percentages, by formulas in sections 1101(a)(8) and 1905(b) of the Act, from the Department of Commerce's statistics of average income per person in each State and in the Nation as a whole.(ABSTRACT TRUNCATED AT 250 WORDS)     

Federal financial participation in state assistance expenditures; federal matching shares for Aid to Families with Dependent Children, foster care and adoption assistance, job opportunities and basic skills training, Medicaid, and aid to needy aged, blind, or disabled persons for October 1, 1993, through September 30, 1994--HHS. Notice

The Federal percentages and Federal medical assistance percentages for Fiscal Year 1994 have been calculated pursuant to the Social Security Act. These percentages will be effective from October 1, 1993, through September 30, 1994. This notice announces the calculated "Federal percentages" and "Federal medical assistance percentages" that we will use in determining the amount of Federal matching in State welfare and medical expenditures for programs under titles I, IV-A, IV-E, IV-F, X, XIV, XVI (Aid to the Aged, Blind, or Disabled), and XIX. The table gives figures for each of the 50 States, the District of Columbia, Puerto Rico, the Virgin Islands, Guam, American Samoa, and the Northern Mariana Islands. The percentages in this notice apply to State expenditures for assistance payments, IV-A child care, JOBS services, and medical services (except family planning and certain JOBS expenditures which are subject to a higher matching rate). The statute provides separately for Federal matching of administrative costs. Sections 1101(a)(8) and 1905(b) of the Act requires the Secretary of Health and Human Services to publish these percentages each year. The Secretary is to figure the percentages, by formulas described in sections 1101(a)(8) and 1905(b) of the Act, using the Department of Commerce's statistics of average income per person in each State and in the Nation as a whole. The percentages are within upper and lower limits given in those two sections of the Act. The statute specifies the percentages to be applied to Puerto Rico, the Virgin Islands, Guam, American Samoa, and the Northern Mariana Islands.(ABSTRACT TRUNCATED AT 250 WORDS)