Navigating the Changing Economy：——Challenges,Opportunities and Sustainable Growth

After 30 years of diplomatic and financial relationships,Chinese and U.S.corporation is more committed than ever to joining together and turning their combined strengths into financial success while overcoming economic obstacles.Chinese business leaders have never been more eager to gain critical knowledge,learn best practices,and forge robust networks and     

Impact of Post-restatement Actions Taken by a Firm on Non-professional Investors’ Credibility Perceptions

The frequency of earnings restatements has been increasing over the last decade. Restating previous earnings erodes perceived trustworthiness and competence of management, giving firms strong incentives to take actions to enhance perceived credibility of future financial reports [Farber, D. B.: 2005, The Accounting Review 80(2), 539–561.]. Using an experimental case, we examine the ability of post-restatement actions taken by a firm to positively influence non-professional investors’ perceptions of management’s financial reporting credibility. Our examination considers credibility judgments following two types of restatements – those resulting from fraud in which the character, ethics, and values of an organization may be called into question [cf. Copeland, Jr., J. E.: 2005, Accounting Horizons 19(1), 35–43.], and those resulting from non-fraud (i.e., aggressive accounting). Based on the information in the experimental case, non-professional investors take the role of potential equity investors and make a judgment about management’s financial reporting credibility after reviewing a set of post-restatement actions taken by a firm. The possible actions include changes in four corporate governance mechanisms (i.e., internal audit function, external audit firm, board of directors, CFO) and a buyback of company stock. Our results provide an important contribution to the literature by demonstrating that among non-professional investors, perceptions of management’s financial reporting credibility are affected both by the post-restatement action taken and the nature of the restatement. These results offer insight into the formation of a key credibility judgment made by non-professional investors following a trust-destroying event, an earnings restatement. Data Availability: The data are available upon request.     

Real-time data exploitation supported by model- and event-driven architecture to enhance situation awareness,application to crisis management

ABSTRACT

An effective crisis response requires up-to-date information. The crisis cell must reach for new, external, data sources. However, new data lead to new issues: their volume, veracity, variety or velocity cannot be managed by humans only, especially under high stress and time pressure. This paper proposes (i) a framework to enhance situation awareness while managing the 5Vs of Big Data, (ii) general principles to be followed and (iii) a new architecture implementing the proposed framework. The latter merges event-driven and model-driven architectures. It has been tested on a realistic flood scenario set up by official French services.     

Linearisation for Variance Estimation by Means of Sampling Indicators: Application to Non‐response

In the presence of non‐response, it is usual to impute missing values, to reweight responding units and to adapt the estimators accordingly. The computation of the precision of the estimators becomes rapidly complex; it must take into account the sampling design, the treatment and the refinement of the estimators. In the absence of non‐response, it is possible to linearise estimators with respect to the sampling indicators to compute explicit variance estimators. In this paper, we extend this linearisation method to deal with non‐response. It becomes particularly straightforward to compute explicit variance estimators. Some known results are revisited in a simpler way than the usual developments, and new results for complex estimators are proposed. A simulation study evaluates the proposed methodology.     

Competitor orientation in successful SMEs: an exploration of the impact on innovation

The impact of market orientation on organisational performance has been the subject of many studies illustrating variance with firm size. Although small- to medium-sized enterprises (SMEs) are inherently customer-oriented, research has identified that they have significantly lower levels of competitor orientation than large firms and that competitor orientation is significantly related to organisational performance. In addition, studies have illustrated that SME success is linked to innovative problem solving, new product development and resource optimisation. SMEs are inherently innovative in how they adopt creative approaches to overcome constraints associated with their size. Given that SMEs often neglect to focus on competitors, this study explores the relationship between competitor orientation and organisational performance through an innovation lens. This study uses a qualitative research approach to investigate seven successful SMEs as case studies. The findings indicate that SMEs seeking optimal organisational performance should pay close attention to direct and indirect competitors in order to identify opportunities and build sustainable competitive businesses.     

The transition to conservation agriculture: an insularization process towards sustainability

Part of the Sustainability Transition Studies, this work addresses the question of the relationship between niches and regimes by examining the transition to conservation agriculture. It seeks to understand how farmers’ transition to conservation agriculture can contribute to a better understanding of the transition of agro-food systems towards sustainability. Based on an analysis of farmers’ trajectories in the Walloon region in Belgium, the paper develops the notion of insularization in order to characterize the emergence of conservation agriculture as a niche that is a dynamic process, growing from within and progressively detaching itself from the conventional agricultural regime. The analysis of farmers’ transition shows how, after an initial phase of destabilization of the conventional ploughing regime, learning and experiencing processes can lead to a transformation in soil and soil quality management perceptions. Our hypothesis is that this cognitive transformation constitutes a tipping point in the insularization process because of its effects on agricultural practices, which increase the detachment of conservation agriculture from the regime and thus embed the irreversibility and sustainability of the transition. Insularization describes an ecologizational pathway of agricultural practices endogenous to the regime that can not only lead to adaptive changes on the periphery of the system, but might also induce a deep and systemic transformation of conventional agricultural practices.     

Challenges Remain for Floushing Cross-border E-commerce

Since last year,the market for cross-border e-commerce has been flourishing,capital has been pouring into the market and many start-ups have emerged.However,at the same time,there are still some problems that need to be dealt with.Many cross-border e-commerce companies,but simitar products While there are many cross-     

Three-dimension Connectivity Facilities Regional Trade

【正】President Xi Jinping delivered a keynote speech at the opening ceremony of Asia-Pacific Economic Cooperation CEO summit,pledging that all countries in the As...     

Sino-Danish Cooperation on Renewable Energy Development

Sino-Danish collaboration on renewable energy is growing rapidly.Denmark and China are both focusing on further use of renewable nthefuture,and today a new SinoDanish programme saw the light of day.Danish Minister for Climate and Energy Ms.Lykke Friis together with Mr.