An Examination of the Structure of Executive Compensation and Corporate Social Responsibility: A Canadian Investigation

We explore the extent to which Boards use executive compensation to incite firms to act in accordance with social and environmental objectives (e.g., Johnson, R. and D. Greening: 1999, Academy of Management Journal 42(5), 564–578 ; Kane, E. J.: 2002, Journal of Banking and Finance 26, 1919–1933.). We examine the association between executive compensation and corporate social responsibility (CSR) for 77 Canadian firms using three key components of executives’ compensation structure: salary, bonus, and stock options. Similar to prior research (McGuire, J., S. Dow and K. Argheyd: 2003, Journal of Business Ethics 45(4), 341–359), we measure three different aspects of CSR, which include Total CSR as well as CSR Strengths and CSR Weaknesses. CSR Strengths and CSR Weaknesses capture the positive and negative aspects of CSR, respectively. We find significant positive relationships between: (1) Salary and CSR Weaknesses, (2) Bonus and CSR Strengths, (3) Stock Options and Total CSR; and (4) Stock Options and CSR Strengths. Our findings suggest the importance of the structure of executive compensation in encouraging socially responsible actions, particularly for larger Canadian firms. This in turn suggests that executive compensation can be an effective tool in aligning executives’ welfare with that of the “common good”, which results in more socially responsible firms (Bebchuk, L., J. Fried and D. Walker: 2002, The University of Chicago Law Review 69, 751–846; Zalewski, D.: 2003, Journal of Economic Issues 37(2), 503–509). In addition, our findings suggest the importance of institutional context in influencing the association between executive compensation and CSR. Further implications for practice and research are discussed.Lois. Mahoney is an Assistant Professor at Eastern Michigan University. Her research is focused in the areas of ethics and accounting information systems. She has published in ethics and accounting journals including Journal of Business Ethics, Business Ethics Quarterly, Research on Professional Responsibility and Ethics in Accounting, Information and Organization. Dr. Mahoney has received several research awards, including Best Paper award at the Seventh Symposium on Ethics Research in Accounting. Dr. Mahoney is also actively involved in the American Accounting Association.Linda Thorn is an Associate Professor at York University in Toronto Ontario. Her research focuses on ethical decision making, the ethics of accountants and accounting students and ethical aspects of accounting information. She has published in ethics and accounting journal including among others, Business Ethics Quarterly, Journal of Business Ethics, Contemporary Accounting Research, Behavioral Research in Accounting and Audit: A Journal of Practice in Theory.     

实证会计理论的发展:反思与展望

本文从实证会计理论目前面临的主要问题出发,以宽广的视角检定了目前主流实证理论的主要背景假设,并探讨了共对会计理论发展的影响。论文通过一个简单的分析性框架,对目前实证会计主流理论和中国斩实证会计研究发展进行了批判性地审视,提出了我们关于实证会计研究未来发展的一个展望。中国的实证会计尽管有着广阔的发展前景,但这种前景不应是对西方实证会计理论发展过程的简单重复。     

推源析流话“浙”“常”——“浙西词派”与“常州词派”

该文分析阐述了清代“浙西词派”“常州词派”产生发展的不同时代背景及它们的词学主张,从中看出它们在词学理论上的继承、扬弃及发展关系,说明它们都是一定社会时代的产物,共同为清词的繁荣发展作出了贡献,对过去重视“常州词派”、忽略“浙西词派”研究评价的现象作了一定的纠偏。     

引入金融背景高管人员与企业资本结构调整——基于民营上市公司的证据

基于2011-2017年沪深A股民营上市公司引进金融背景高管人员事件,运用倾向得分匹配和双重差分模型（PSM-DID）对该类事件与资本结构间的关系进行研究。结果显示：与未发生引进事件的控制组样本相比,处理组样本的资本结构出现了显著的向上调整,说明提高债务融资能力并改善资本结构是民营上市公司引进金融背景高管人员的重要动因之一。     

高管连锁、同业监督与公司违规

本文选取2011—2018年度A股上市公司为研究样本,以具有竞争关系的同业公司间的高管连锁作为同业监督的渠道,检验了同业监督对目标公司违规的影响。研究发现:(1)同业监督能有效抑制目标公司违规倾向,且这一影响当且仅当连锁公司是同业公司时存在;(2)同业竞争是同业监督的基础,在行业集中度低和行业增长率低的行业中,同业监督对目标公司违规的抑制作用更强;(3)目标公司的政治关联会瓦解同业监督对公司违规的抑制作用;(4)区分违规行为类型后发现,同业监督对经营违规的抑制作用最强,对信息披露违规次之,对领导人违规几乎没有效果。本研究丰富了公司违规监督机制的内容,也提供了辩证看待高管同业兼任的新视角。     

CEO political ideologies and pay egalitarianism within top management teams

Research summary : We examine the influence of CEO and compensation committee liberalism on top management teams (TMT ) pay arrangements. Given that politically liberal individuals tend to value egalitarianism, we test whether firms with liberal CEO s tend to (1) reduce pay dispersion among non‐CEO executives; and (2) reduce pay gaps between CEO and non‐CEO executives, and whether compensation committee liberalism moderates these relationships. We find some evidence of a direct effect of CEO liberalism on TMT pay arrangements as well as some interaction between CEO and compensation committee liberalism on the pay arrangements. This study provides a better understanding of the antecedents of TMT pay arrangements and empirical evidence showing the influence of values at the top of organization . Managerial summary : Do the values of the CEO and compensation committee influence the pay of other top managers? Our study provides evidence that political ideology affects top manager pay. We examine whether CEO liberalism produces more egalitarian pay arrangements among top managers, and whether the liberalism of the compensation committee affects that relationship. We find that CEO liberalism reduces differences in the total pay among top managers, but does not influence the difference between CEO total pay and the total pay of top managers. We also find that compensation committee liberalism strengthens the negative influence of CEO liberalism on differences in total pay among top managers. Finally, we find that CEO liberalism reduces the difference between CEO bonus pay and the bonus pay of other top managers . Copyright © 2016 John Wiley & Sons, Ltd.     

我国城市社区体育发展现状及趋势分析

本文通过查阅文献资料、逻辑分析等方法,对我国城市社区体育产生的背景、发展现状及趋势进行全面阐述,以便为今后我国城市社区体育稳定、良性的发展提供一定的理论参考依据。     

职位隔离对高管薪酬性别差异的影响

目前国内对性别工资差异研究很多，但对高管人员薪酬性别差异的分析还较少。本文利用2005-2010年沪深两市A股上市公司数据，在综合考虑不同性别在不同职位层级上的代表性的同时，采用Brown分解法分析了高管人员的性别薪酬差异问题。结果表明我国上市公司女性高管在较高层级的职位上代表性不足，同时也存在着“玻璃天花板效用”。女性高管在职位晋升方面受到了严重的歧视，在每一个职位层级上，女性高管职位晋升的门槛值都显著高于男性高管职位晋升的门槛值。男性高管和女性高管存在明显的性别薪酬差距，其中，超五成的薪酬差异是同一职位内的，四成以上的差异是职位间的；而有超七成的薪酬差异无法用教育程度、工作经验等可观测因素解释。     

从行政立法角度谈中国行政权力现状及其发展趋势

权力是一种支配性的作用力,就是使被支配者的意志服从于权力拥有者的意志,如果被支配者拒绝服从这种支配力量,就会受到不同程度的物质上和精神上的惩罚。在所有社会权力之中,行政权力最能体现权力的本质,因为它要借助统治阶级的暴力机器来实现对社会、经济和文化事业的支配。作为行政管理的基础,行政权力贯穿于行政管理的始终和各个方面,脱离行政权力的领导、决策、指挥、控制等等各个方面及其管理实施过程都是难以想象的。     

基于本底线的不同性质旅游危机事件影响比对研究——以中国4次旅游危机事件为例

我国现代旅游业在发展历程中曾经历过4次大的旅游危机,分别是1989年的"6·4"风波、1997年的亚洲金融危机、1998年特大洪水和2003年的SARS疫情等.由于4次事件的性质不同,并且发生在我国旅游业不同的发展阶段,其对旅游的影响存在着一定的差异.差异主要表现在危机所造成的旅游损失程度不同、旅游危机影响的生命周期不同、危机后旅游补偿性恢复的反弹力不同等方面.