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Volume 55 Issue 5
May 2023
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    Citation: CHEN Jiajian. Between Administration and Autonomy: The Dual Attributes of Community Finance and Its Governance Mechanism[J]. Academic Monthly, 2023, 55(5): 120-130. shu

    Between Administration and Autonomy: The Dual Attributes of Community Finance and Its Governance Mechanism

    • Abstract

      Unlike the formal government financial system, community finance has dual attributes, combining top-down administrative attribute with the autonomous attribute of the community, which forms an organizational phenomenon of “incompatible multi-principal”. The dual attributes of the community finance system may lead to “governance swing”: On the one hand, there may be “excessive administrative” regulation in accordance with the institution of government finance, resulting in the difficulty of integrating financial funds with the needs of community, resource without governance; On the other hand, “excessive autonomy” may arise from the simply allocation of resources by superiors to the community, causing the community’s public resources to degenerate into elite profiteering. From a practical perspective, there are two types of governance mechanisms to address the above issues. One is the construction of governance subject, which balance the requirements of administration and autonomy through the involvement of professional social organizations as a third party; The second is the construction of governance procedures to guarantee community autonomy requirements through administrative procedures.
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    • References

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        XIONG Changkun ,  ZHANG Ziyuan . Multi-party Game and Informal Governance in Central-Local Fiscal Relations——Focusing on the Yinhao Reform of Guangdong Salt Tax in the Early Republic of China. Academic Monthly, 2026, 58(5): 198-210.

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        XIN Fangkun . Agile Governance for Grassroots Cross-boundary Challenges. Academic Monthly, 2026, 58(3): 91-101.

      3. [3]

        SUO Liming ,  WEI He'ning . Platform Transition: The Re-Evolution of Network Governance Model. Academic Monthly, 2026, 58(7): 90-103.

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        XIE Yue . How State Capacity Is Generated in Practice——A Dynamic Equilibrium Model of Governance. Academic Monthly, 2026, 58(8): 106-117.

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        DING Huiping . Invisible Governance and the Rebuilding of Local Social Order: A Historical Sociology Analysis of Qi Biaojia's Famine Relief Action in Late Ming Dynasty. Academic Monthly, 2026, 58(3): 143-154.

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        WEN Jun . From Technical Tokens to Social Tokens: the Ontological Construction of Token Sociology. Academic Monthly, 2026, 58(8): 145-156.

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        LV Bo ,  LIU Jia . “Take as a Warning for Posterity of the Fallen Dynasty”: A Historical Investigation of the “Erwanghou” Duke of Jie in the Sui and Tang Dynasties based on Unearthed Epitaphs. Academic Monthly, 2026, 58(3): 194-205.

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        ZHANG Jun ,  FANG Hongsheng . Intergovernmental Fiscal Relations and Economic Growth. Academic Monthly, 2026, 58(8): 70-90.

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        LI Ming ,  XU Haiqi ,  XU Changtuo . A Statistical Framework and Measurement Results for Public Finance Investing in People. Academic Monthly, 2026, 58(8): 91-105.

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          Between Administration and Autonomy: The Dual Attributes of Community Finance and Its Governance Mechanism

          Abstract: Unlike the formal government financial system, community finance has dual attributes, combining top-down administrative attribute with the autonomous attribute of the community, which forms an organizational phenomenon of “incompatible multi-principal”. The dual attributes of the community finance system may lead to “governance swing”: On the one hand, there may be “excessive administrative” regulation in accordance with the institution of government finance, resulting in the difficulty of integrating financial funds with the needs of community, resource without governance; On the other hand, “excessive autonomy” may arise from the simply allocation of resources by superiors to the community, causing the community’s public resources to degenerate into elite profiteering. From a practical perspective, there are two types of governance mechanisms to address the above issues. One is the construction of governance subject, which balance the requirements of administration and autonomy through the involvement of professional social organizations as a third party; The second is the construction of governance procedures to guarantee community autonomy requirements through administrative procedures.

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