CEO power and annual report reading difficulty

We examine the impact of CEO power on reading difficulty of corporate annual reports. We find that CEO power is positively related to reading difficulty, implying that annual reports of corporations with powerful CEOs are difficult to read and understand. More importantly, we find that the relation between CEO power and reading difficulty is moderated by earnings performance or corporate governance. Additional findings suggest that this relation becomes stronger for firms with lower financial reporting quality or for CEOs with shorter tenure. Our study not only joins the debate on the consequences of powerful CEOs but also uncovers several factors that moderate the relation between CEO power and annual report reading difficulty.     

Teams, Firms and the Evolution of Profit Seeking Behavior

Even as advances in information theory over the last quarter century have cast increasing doubt on the proposition that firms successfully maximize profits, the objective of profit maximization continues to be an axiomatic feature of the neoclassical theory of the firm. This paper attempts to improve our understanding firms by treating the objective function as an open question. Specifically, an ontogenetic thought experiment is undertaken to address the question of what differentiates production teams from firms by asking why team members would sell their control rights to a principal, thereby transforming the team into a firm. What results is an account of the emergence of the objective of profit seeking. Profit seeking emerges endogenously as a more fit alternative than the objective of value maximization, which is less capable of coping with uncertainty through purposive adaptation.     

Non-commitment in performance evaluation and the problem of information distortions

Auditing is modeled in a sequential game without commitment. The manager must decide whether and where to audit a worker's output, taking into account all interim information he has obtained. The worker will work just hard enough (and show it) to divert the manager from making an audit or cover up, withholding information about his work to make an audit more difficult. This usually raises the costs of setting work incentives, so incentives are softened, sometimes drastically. Moreover, when a worker's on-the-job information is valuable for entrepreneurial decisions, work incentives must be softened to improve the internal flow of information.     

基于复合战略控制系统的战略执行力研究

从控制理论的角度对战略控制系统与战略执行力的关系、传统战略控制系统进行了分析,在此基础上构建了基于复合战略控制系统的战略执行流程,为提高战略执行力提供了一种新思路。     

生态系统服务测度下市域生态空间管控体系构建

生态空间承载着人类、动植物和自然生态多种过程，是生态系统服务功能的策源地和枢纽区。以实施生态空间管控为导引，借助多源数据和ArcGIS、C-Plan系统工具，核心应用系统保护规划(SCP)技术，建立生态服务测度下市域生态空间管控体系的构建方法。基于此，以哈尔滨为例，以不可替代性为表征实现生态空间测度指标综合与功效评价，构建生态空间关键区识别、功能区优划以及网络格局优化模型，提出“重点保护-分区指引-格局优化”的市域生态空间管控体系，为新型城镇化及绿色发展战略的实施奠定科学基础和提供技术支撑。     

集群化条件下的中小企业内部控制协调

集群化成为当前中小企业的主要发展趋势,内部控制则关系到中小企业的健康运营。二者在特定条件下的有效结合能够促进集群化条件下的中小企业内部控制协调。关注中小企业集群化走向,调整内部控制的方法和思路,是保证中小企业集群效率及内部控制效果的前提。     

信任、不信任与控制关系及其应用研究的现状与思考

信任、不信任与控制之间的关系及其应用,已成为当代众多社会科学学科研究信任问题的子焦点之一。我们依据近年国外有关文献的调研,认为：缺乏一个以当代众多社会科学领域重要的理论命题为基础的、统一的科学、严谨、结构合理的三者关系的分析框架,是当前深化和推进有关研究必须克服的一个障碍。     

消费文化、认知偏差与消费行为偏差

本文放松了理性经济人假设,在行为经济学双曲线贴现模型框架下,以"自我控制"认知偏差及相应的模型参数设定对东西方消费文化差异进行了技术表达,进而阐明了消费过度(欧美国家)和消费不足(东亚国家)这两类消费行为偏差的形成机制。本文采用全球48个国家和地区1978—2007年的面板数据,以儒家虚拟变量和性生活指数作为消费文化的替代变量检验了文化与消费的关系。结果表明,在解释东西方消费率差异时,预防性储蓄等传统理论的解释力远低于不可观测的国家个体效应。儒家虚拟变量和性生活指数能分别解释国家个体效应的28%和58%。这表明消费文化等不随时间改变的个体因素比传统变量更能解释各国居民的消费差异。实践层面上,双曲线贴现模型中锁定技术能有效纠正"自我控制"认知偏差,从而消解儒家文化对消费的深度抑制,可为扩大内需政策创新提供思路启发和技术支撑。     

论我国饭店的等级划分与价格管理

在现实市场中,为了方便对酒店进行监督和管理,也为了不同层次消费者的需要,政府往往根据不同的硬件设施标准和软件服务水平对酒店进行等级划分;同时,由于我国旅游市场的外部性因素,政府又根据相应的标准对其进行一定的价格管制, 实行限价,藉此保护消费者,但是这会对消费者和经营者产生影响。     

改善劳动力市场管制的几个问题探讨

对劳动力市场的管制是政府监管市场的一个重要方面。本文通过对目前我国劳动力市场建设及运行、管制中存在的主要问题的分析,探讨了放松对劳动力市场的管制及管制的着力点。笔者认为,政府放松对劳动力市场管制是劳动力市场运行规律及WTO规则的要求,而管制的着力点应主要放在强化制度供给、弥补市场失灵、保护劳动者的合法权益等方面。