董事高管责任保险与上市公司关联交易——基于我国上市公司经验数据的检验

董事高管责任保险(D&O保险)是一个市场化的外部治理机制。基于沪深证券交易所2003—2017年上市公司数据,本文实证检验了D&O保险对上市公司关联交易的影响。研究发现,D&O保险显著提升了关联交易总水平、关联销售金额和关联购买金额;根据控股产权性质分组研究发现,D&O保险对非国有控股公司关联交易的正向影响,比对国有控股公司更加显著;D&O保险、关联交易均与公司价值显著正相关,且关联交易发挥中介效应。研究表明,D&O保险通过监督效应提升关联交易,并促使其对公司价值发挥支持效应。研究加深了对D&O保险治理职能的理解,更新了对关联交易经济后果的惯性认知,对促进公司治理治理机制建设和完善现代企业制度具有重要的理论和现实意义。     

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.     

高校介入大学生村官全程化培养的路径研究--基于嘉兴市200名大学生村官的调查

以嘉兴市200名在岗大学生村官为调查对象,分析了当前高校在大学生村官培养中存在的问题,同时,高校应根据大学生村官“村官前时期———村官任职期———后村官时期”三个不同成长阶段,建立“村官就业导向型在校教育———岗位技能提升型服务供给———期满流动对接型职业规划”的全程化培养机制,以推动大学生村官的有序流动。     

The Lowest Supply and Demand of Engineering Officers of National Vessels in Taiwan

This article is based on the number of engineering officers from 1994 to 2000 in Taiwan, and adopts a 6-year moving average to work out the transition probability of engineering officers and to construct an absorbing Markov Transition Matrix to forecast the terms of seniority and annual supply in each hierarchy. In order to estimate the minimum number of vessels needed, this article also employed the quantity of demand for imported consumer goods from 1994 to 2000 in Taiwan and applied a Grey model to predict the annual quantity of demand for imported consumer goods. Furthermore, this article estimated the minimum number of demand for engineering officers according to the minimum number of vessels needed. In addition, this paper used cross-analysis to investigate the manpower supply and demand of engineering officers in Taiwan and obtained some important results, which can be valuable references for pertinent authorities.     

CEO duality and firm performance: A contingency model

Several studies have addressed the CEO duality-performance relationship, with inconsistent results. This paper proposes that these inconsistencies can be resolved by integrating agency and stewardship perspectives on duality. Using data from 192 firms in 12 industries, both the direction and magnitude of the duality-performance relationship was found to vary systematically across Dess and Beard's (1984) environmental dimensions. These results provide partial support for both agency and stewardship perspectives.     

Ethics and the Financial and Budgetary Discipline in the Ministry of Defence

This article deals with the relation between ethics and financial and budgetary discipline during economic and social recession in the Czech Republic. We find causes of economic and social recession in the Czech Republic in the loss of democratic and human values. Czech Republic was ranked the 57th place in the Corruption Perceptions index 2013 out of the 177 countries assessed, which is the same result achieved by Bahrain, Croatia, and Namibia. Among the 31 European Union （EU） member states and Norway, Switzerland, and Iceland, the Czech Republic is on the 25th site. Market as well as public sector and public finances should follow unwritten rules of ethics and ethical behavior. Such rules should be followed especially by politicians, officials, soldiers, and businessmen. Do we need ethics in present time？ How is the role of the code of ethics in increasing financial and budgetary discipline in the defence sector？ Is it possible to measure efficiency of the code of ethics for financial and budgetary discipline？ We explain the importance of codes of ethics and formulate essential elements that each code of ethics must contain. Next, we deal with the main rules of both financial and budgetary disciplines. Furthermore, this article offers a comparison of several codes of ethics and describes the main problems in our implementation. In the end, we introduce our draft of Code of Ethics for Economic Service Officer in the Ministry of Defence and talk about possible influences of these codes on the quality of employee＇s performance.     

部队基层军官应急管理能力培养探析

本文分析了部队基层军官应急管理能力的要求,探讨了基层军官应急管理培养的内容,并从创新培养理念、做好整体规划、提升培养质量、拓展培养途径四个角度提出了基层军官应急管理能力培养的对策。     

当前会计基础工作存在的问题及对策

会计基础工作是财务工作的重点内容,解决当前会计基础工作中存在的突出问题,对进一步做好财会工作具有重要意义。因此,针对会计基础工作中存在的问题及对策进行了深入分析。     

国企负责人年薪制的思考

年薪制是一种以年度为单位计算的浮动的货币报酬制度,年薪制下的收入一般由基薪和风险收入两部分组成。年薪制应用的理论基础有委托—代理理论、人力资本理论、产权理论、激励理论。年薪制设计中的关键点是界定好实施对象,处理好年薪水平与职工收入、年薪结构与风险基金的关系。在我国实施年薪制主要应从以下几方面入手:正确认识年薪制、加快市场化进程、建设年薪制的监督体系、配合其他激励形式使用。     

Directors and Officers Liability Insurance and High-Quality Development of Enterprises: From the Perspective of Agency Cost and Innovation Incentive

High-quality economic development can be achieved if a major strategic direction for China are delivered from the macro level to the micro level. Taking A-listed enterprises in China from 2005 to 2018 as samples, this paper studies the impact of directors and officers liability insurance (D&O insurance) on the highquality enterprise development. The research results show that D＆O insurance can promote high-quality development. In addition, the mechanism test shows that D＆O insurance can reduce agency costs and improve innovations and high-quality enterprise development. Further analysis shows that when stateowned enterprises including their internal controls has no major defects, D＆O insurance has more significant positive impact. Thus, this paper suggests that the insurance should be promoted for realizing high-quality enterprise development.