Under the Perspective of Processing Chinese Path to Modernization:The Action Logic of Corporate Promoting Common Prosperity
Achieving common prosperity is one of the essential requirements of socialism,and it is also an important feature of accomplishing Chinese path to modernization.In recent years,how to promote and finally achieve common prosperity solidly and effectively become one of the focus issues of discussion in various sectors of society,especially after the 20th National Congress of the Communist Party of China.In academia,a large number of studies analyze the pathway of promoting and achieving common prosperity through the lens of the macroeconomy by focusing on the actions of the government,while whether to promote or achieve the common prosperity could not leave with a proactive government and an effective market.To figure out how to improve the effectiveness of the market during the process of promoting and achieving common prosperity,this study turns its research perspective to the micro economy level.Specifically,this study considers whether and how to encourage Chinese firms to participate more in promoting common prosperity.This study starts its research by analyzing the theoretical and historical reasons why Chinese firms are one of the important and essential parts of the process of promoting common prosperity.Specifically,it points out that firms are the micro units that construct industries and the market.Therefore,how firms act would directly reflect the behaviors of industries and the market.Meanwhile,the actions and directions of firms would also affect the power of the market in the process of promoting and achieving common prosperity.In fact,during the past decades,Chinese firms have participated in the process of promoting common prosperity and played a key role in accomplishing phase goals of achieving common prosperity.However,this study finds that along with the process of Chinese path to modernization deepening,the phase goals of achieving the common prosperity become increasingly complex,which makes the power of the existing paradigm of firms in promoting the common prosperity inadequate.After carefully deconstructing the existing paradigm by identifying the rationality,effectiveness and potential risks.It finds that the lack of self-driven motivation,the existence of operating risks,the restrictiveness of firm evaluation methods and the absence of standard action instruction to lead firms in the process of promoting and achieving common prosperity are the key dilemmas for the existing paradigm of firms.Trying to solve these dilemmas and improve the participation quality of firms in the process of promoting common prosperity,this study proposes and constructs a new style of corporate value investment oriented towards common prosperity in the process of accomplishing Chinese path to modernization,namely"corporate promoting common prosperity value investment."Different from the traditional value investment method,corporate promoting common prosperity value investment encourages firms to invest through its development needs based on the government resources and fusion the traditional and innovative approaches together,thereby forming a"self-interested"and"other-benefiting"development model.Apart from the above mentioned,this study also discusses the methods and action logic of corporate promoting common prosperity value investment.It points out that corporate promoting common prosperity value investment could focus on(1)Digging the potential opportunity existing in undeveloped regions and including the undeveloped regions as one of the choices of corporate expansion and development;(2)Digging the potential opportunity of participating into rural revitalization and combing the existed operation activities with the resources from rural area;(3)Digging the potential opportunity to join into building the regional public services and capturing elites for the enterprises through the population movement lead by the improvement of regional public services.The marginal contributions of this study could be summarized as follows:(1)It extends the literature on promoting Chinese modernization through the level of behaviors of firms by analyzing the necessity,importance and effectiveness of firms that promote and achieve common prosperity.(2)It proposes and constructs a new corporate value investment method,which is called"corporate promoting common prosperity value investment,"to overcome the problems of the existing paradigm of firms in promoting common prosperity.(3)It sheds light on improving the vitality and quality of corporate value investment in the socialist market with Chinese characteristics.
Chinese path to modernizationcommon prosperityrural revitalizationvalue investment of enterprises
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