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To further promote application of BIM technology in construction of prefabricated buildings, influencing factors and evolution laws of willingness to apply BIM technology are explored from the perspective of willingness of participants.

In this paper, a tripartite game model involving the design firm, component manufacturer and construction firm is constructed and a system dynamics method is used to explore the influencing factors and game evolution path of three parties' application of BIM technology, from three perspectives, cost, benefit and risk.

The government should formulate measures for promoting the application of BIM according to different BIM application willingness of the parties. When pursuing deeper BIM application, the design firm should pay attention to reducing the speculative benefits of the component manufacturer and the construction firm. The design firm and the component manufacturer should pay attention to balancing the cost and benefit of the design firm while enhancing collaborative efforts. When the component manufacturer and the construction firm cooperate closely, it is necessary to pay attention to balanced distribution of interests of both parties and lower the risk of BIM application.

This study fills a research gap by comprehensively investigating the influencing factors and game evolution paths of willingness of the three parties to apply BIM technology to prefabricated buildings. The research helps to effectively improve the building quality and construction efficiency, and is expected to contribute to the sustainability of built environment in the context of circular economy in China.

By introducing the basic concepts and theories of the philosophy of information created by Kun Wu, and making some comparisons of the philosophy of information and related information theories between Wu and other scholars, this paper aims to have Chinese philosophy of information widely known and understood by more people in the world, thus promoting the international exchanges between Chinese and Western scholars on the topic of philosophy of information.

The main research methods used in this paper are the literature review and the comparative study. On the one hand, it reviews some related concepts and theories in Kun Wu's academic works of philosophy of information. On the other hand, it compares the thoughts and viewpoints of Kun Wu with those of other scholars.

First, Kun Wu is the first person who has established a complete and comprehensive theoretical system of philosophy of information in China; second, Kun Wu's philosophy of information is significant in originality and value, which could be thought as the intellectual quintessence of information age, thus worth learning. Third, with more international exchanges, Chinese philosophy of information created by Wu will surely be more and more influential in philosophical circles at home and abroad.

It is a very valuable first-hand material for Western scholars to know and understand Chinese philosophy of information.

The goal of this paper is to investigate the relationship between government control and firm value in China.

Government might extract social or political benefits from a state-controlled firm, thus decreases firm value. However, government’s monitoring on firm management reduces managers’ agency problem, which increases firm value. We first build a game-theoretic model to prove the existence of optimal government control given these two roles of government, and we then employ the OLS regression method to test the theory predictions using the length of intermediate ownership chains connecting the listed state-owned enterprises to their ultimate controllers as the measure of government control.

We find that firm values first increase then decrease as government control weakens. Moreover, we find that government usually retains a stronger control over state-owned enterprises than the optimal level. In addition, we show that government control can be further weakened in firms with good corporate governance mechanisms, which serve as a substitution of government monitoring.

Our results demonstrate that government control in China is still a necessary but costly mechanism to mitigate agency costs, especially when corporate governance system is underdeveloped.

We identify the substitution effect between government control and corporate governance using a unique measure of government control.

The paper provides an overview of material helpful in placing the subsequent papers in context, as well as a summary of the research contributions made by the individual papers themselves.

We begin with a timeline of China’s Economic Reform, including both major events that permitted the opening and expansion of the nation’s economy, and important milestones of the historical movement. We then consider the impact of philosophy and culture (particularly, Confucianism and socialism) on China’s society and government, which leads naturally to certain observations regarding the political-economic model in which state-owned enterprises play a central role. In the final section, we briefly summarize the contents of the remaining papers.

Preprint has become an important vehicle for academic communications and discussions. However, in preprint, there is a lack of a sufficient quality control mechanism such as peer review, which is a proven quality assurance practice that is used in traditional academic publishing services. To address the problem leveraging on the power of this practice, the authors introduce into preprint a self-organizing peer review method by applying the concept of token economy and the blockchain technology.

Specifically, this paper proposes an idea that applies the token economy concept to the design of the incentive and penalty mechanisms for peer reviewers in preprint to assure the qualities of its publications. Steemit has been studied to demonstrate the characteristics of the mechanisms.

A token economy-enhanced framework for self-organizing peer review in preprint is also proposed. The resulting preprint system is an academic community-oriented, self-organizing and blockchain-based content publishing system that is designed to run on both permissioned and permissionless blockchains.

First, since peer review is on a voluntary basis and not profits oriented, the “monetary” incentive and penalty mechanisms borrowed from Steemit may conflict with academic ethics. Second, the authors proposed to deploy the authors’ token economy on blockchain, but the current mainstream decentralized blockchain services are too few to warrant a foreseeable successful future for the authors’ application. In fact, as the flagship of blockchain 2.0, the Ethereum blockchain suffers from the problem of scalability, which leads to its applications' lower performances, longer response times and eventually more negative user experiences as time goes by. Finally, the authors’ proposed version of preprint has not been implemented, and hence, its practical effectiveness and acceptance by academia are yet to be evaluated.

In this paper, the authors proposed a token economy-based framework for self-organizing peer review in preprint leveraging on blockchain technology. This framework encourages positive interactions between authors and reviewers, which helps to establish a healthy academic ecology that produces more contents with better qualities. Application of a solution based on the authors’ framework should impact the current academic communities by offering a new academic peer reviewing tool that has a built-in mechanism for self-behavior correction and quality assurance.

Through adaption, the framework can be applied to other domains as well. In such domains, a large amount of feedbacks from partakers are needed and there exists a tremendous amount of work to filter noises in feedbacks so as to ensure that as many the quality ones as possible are delivered for a variety of purposes. The authors’ framework essentially impacts almost all domains where there exists a need to collect and filter large amount of feedbacks, and using the authors’ framework-based solution is cost-saving, which can be seen as a major potential contribution of the research.

The incentive and penalty mechanisms encourage positive interactions between authors and reviewers, and it helps to establish a healthy academic ecology that produces high-volume contents with good qualities.

This paper seeks to analyse the legal implications of the recent decision by the liquidators of the Bank of Commerce and Credit International (BCCI), Touche Ross, to issue writs against the Bank of England claiming damages on behalf of a small, representative number of depositors. The writ alleges a failure to regulate BCCI properly in accordance with the banking legislation. The author examines the Bank of England's duties and functions under the banking legislation, reviews the case‐law which has examined the statutory powers of regulatory authorities in the financial field and assesses how successful the proposed action is likely to be. The action against the Bank of England is the latest in a range of options, designed to retrieve the significant losses suffered by the depositors in BCCI, which have been mooted since the bank collapsed.

Previous experience is a critical factor affecting entrepreneurial activities; however, it has not been fully studied in the existing literature. This study attempts to comprehensively reveal the routes and mechanisms of occupational experience that affect entrepreneurial activities and assess the entrepreneurial potential of different occupational practitioners.

By matching occupational characteristics with entrepreneurs' competence, this study proposes ten hypotheses about how occupational experience affects entrepreneurial entry and performance. This empirical study is based on the Occupational Information Network database and Chinese survey data. Factor and regression analyses were used in the empirical research.

This study verifies that different occupational practitioners have varied entrepreneurial potential. Occupational experience, including occupational uncertainty, market contact and social capital, gained from previous experience significantly affects entrepreneurial entry. Meanwhile, occupational characteristics, including management experience, marketing experience, social capital, financial capital, risk-taking ability and creativity, accumulated from previous experience, have a significant impact on entrepreneurial performance.

This study is a pioneering attempt to reveal the relationship between occupational experience and entrepreneurial activities. The transmission mechanism of previous experiences affecting entrepreneurial activities is comprehensively revealed by relaxing the assumption of a representative occupation. These findings provide a theoretical foundation for empirical evidence and have important practical value.