企业并购理论综述

对于企业并购的研究,现有文献主要集中在三个方面:一是从企业个体角度和宏观角度来研究企业并购动因;二是运用博弈论模型以及运用实物期权模型来分析企业并购过程,对企业并购的研究最新进展主要体现在这个研究领域;三是运用事件研究法和会计指标研究法来研究并购绩效。国有大股东和管理者在并购过程中所起的作用,以及在实物期权和博弈论的框架下研究新一轮战略并购浪潮,构成未来的研究方向。     

借鉴社会学理论和方法进行语言研究

社会学研究的理论和方法历史很长,社会学在当代得到蓬勃的发展。语言学是社会学科的一部分,语言的基本特性是社会性。所以,在语言学研究中借鉴社会学的理论和方法有着坚实的理论基础和方法论基础,另外,社会学研究的具体方法用于语言学研究也是切实可行的,社会学对解决语言学的一些论争也有很强的借鉴作用。     

关于会计研究方法的探究

<正>会计研究方法是以会计理论研究为研究对象,旨在探索会计理论研究模式和规律的手段。研究方法是我们进行研究所使用的工具,是连接实务与理论的桥梁。掌握了科学的研究方法,就可以在某种界定内进行各种各样的合适而有效的研究。会计研究方法的探讨为会计理论研究提供了有利保障,丰富了会计理论研究成果,推动了会计理论的发展。本文在介绍实证研究方法和规范会计研究方法两种会计研究方法的基础上,对我国当前会计研究方法提出了几点建议。     

Contrastive Analysis between Chinese and English

在语言学研究中,可以同时、长时地在一种或二种以上的语言中开展比较。现代对比语言学首先是在欧洲和美国得到发展。在中国,严复最早开始对比分析。跨学科研究,尤其是语言学和美学的结合反过来使语言研究更丰富。     

智能革命：1＋1大于3

克瑞格·蒙迪先生是微软公司首席研究与战略研究官,在微软公司的主要职责是监管世界最大的计算机科学研究组织之一——微软研究中心,并负责微软公司的长期技术战略。在他看来,人类正处于一个智能与创新驱动技术新时代,尽管其问面临诸多困难和挑战,但计算机和互联网已越来越深入我们的生活。克瑞格·蒙迪先生从研究与实践的角度这般说     

我国金融产业安全的实证研究

金融是一个国家的经济命脉,其产业安全问题一直是理论界和政府相关部门研究的焦点和热点.本文以上海市金融业为例实证研究了我国金融业产业安全问题.研究结论是,我国的金融业存在安全性风险,尤其是在竞争力、控制力方面,外资企业的实力在不断增强的大环境中,但是我国金融业在成长力方面实力较强.最后本文提出了自己的政策建议.     

投资学两种研究范式的比较

投资学的标准研究范式和行为研究范式不仅在理论体系的假设和理论体系框架上存在显著差异,而且在指导投资实践方面也存在不同.但任何理论研究均需要有参照系和研究平台,因此二者的关系决非对立的,可以把标准研究范式视为行为研究范式的理论参照系和研究平台,行为研究范式是对标准研究范式假设条件的一般化和理论体系的拓展.     

智能革命：1＋1大于3

克瑞格·蒙迪先生是微软公司首席研究与战略研究官,在微软公司的主要职责是监管世界最大的计算机科学研究组织之一——微软研究中心,并负责微软公司的长期技术战略。在他看来,人类正处于一个智能与创新驱动技术新时代,尽管其问面临诸多困难和挑战,但计算机和互联网已越来越深入我们的生活。克瑞格蒙迪先生从研究与实践的角度这般说。     

统计学中的统计思想

统计学是一门实质性的社会科学,既研究社会生活的客观规律,也研究统计方法。统计学是继承和发展基础统计的理论成果,坚持统计学的社会科学性质,使统计理论研究更接近统计工作实际,在国家和社会发展中得到广泛应用。所谓统计思想,就是在统计实际工作、统计学理论的应用研究中,必须遵循的基本     

我国金融产业安全的实证研究

金融是一个国家的经济命脉,其产业安全问题一直是理论界和政府相关部门研究的焦点和热点。本文以上海市金融业为例实证研究了我国金融业产业安全问题。研究结论是,我国的金融业存在安全性风险,尤其是在竞争力、控制力方面,外资企业的实力在不断增强的大环境中,但是我国金融业在成长力方面实力较强。最后本文提出了自己的政策建议。     

Contextual issues of the convergence of International Financial Reporting Standards: The case of Germany

The objective of this paper, using Germany as a case study, is to show that accounting as the language of business is deeply embedded in a country's social, political and economic environment and that these contextual factors cannot be ignored in the process of convergence. Specifically, by invoking the accounting ecology framework and interviewing selected stakeholders, this study critically examines the unique features of accounting in Germany and raises issues related to the adoption of IFRS. The findings of this study provide evidence of the importance of considering the contextual influences in successful adoption of IFRS in a country.     

关于审计判断中事实要素和价值要素的思考

判断在审计工作中具有重要的地位。半个多世纪以来的审计判断研究成效显著,但明显地停留在审计主体层面而欠完整和系统。客体因素应当研究,研究的重点是事实要素和价值要素的辨析和确认。     

An Interpretive Inquiry of Accounting Practices in Religious Organisations

This paper reports the study of accounting practices as embedded in two religious organisations in Malaysia. The research is an attempt to study accounting practices in a cultural setting that has not been the subject of previous interpretive accounting research. The study also makes a contribution towards the need for accounting research to become more explanatory of accounting as social practice wherein theory is both informed, and is developed by observation. This is achieved by developing grounded theory from the data and is in accordance with recent calls for case studies in accounting research to be more concerned with producing social theories of accounting practice.     

对农村区域发展专业建设的探索

对农村区域发展专业的建设是适应人才培养目标的需要而不断进行的探索。对专业建设的研究主要以农村区域发展专业的内涵建设为主。对该专业的建设要有客观依据、建设目标、指导思想、建设思路及建设方案,而且这是一项动态的研究活动。     

The influence of textual presentation order and graphical presentation on the judgements of non-professional investors

The aim of this study is to examine the influence of textual presentation order and graphical presentation on the judgements of non-professional investors. Adopting an experimental approach and drawing on the belief-adjustment model, the study captures whether a recency effect prevails and whether this effect can be moderated by the inclusion of a graph. Additionally, the study utilises eye-tracking to provide a novel insight into the processes individuals use to assess financial information and form judgements. The results reveal that non-professional investors are susceptible to recency effects due to the strategic presentation ordering of narrative information. Non-professional investors give a lower performance rating if the negative information is presented last. The recency effect is not reduced through the inclusion of a graph.     

Vulnerability of financial markets in India: The contagious effect of COVID-19

This study aims to examine the impact of COVID-19 on financial markets, using emerging market data. Specifically, panel data regression is applied on 3200 observations for daily market returns during lockdown in India. The event study methodology is adopted to show abnormal returns registered in the lockdown period. A contrasting breakdown effect of COVID-19 on various Indian industries has been observed through sectoral analysis. The study also provides empirical evidence for lockdown measures taken by the government on stock market returns and post lockdown impact of COVID-19 on daily market returns for over 6550 observations.     

Value Relevance of Fair Values—Empirical Evidence of the Impact of Market Volatility

This study examines empirically the effects of market volatility on the value relevance of fair values. Using the modified Ohlson model ( 1995 ) and a sample of U.S. financial companies for the period of 2008 to 2013, this study shows that fair values are priced at a significant discount when market volatility is high. Song ( 2013 ) shows analytically that the effectiveness of fair value accounting is negatively affected by market volatility. Findings of the current study suggest that investors understand the effects of market volatility on fair values and price them accordingly. The study extends the research on the determinants of the usefulness of fair values by looking beyond factors associated with the reliability of estimated fair values (Level 2 and Level 3 fair values). This study has practical implications: current accounting standards for fair value measurement acknowledge the limitations of the market as a source of fair values by offering a three‐level fair value hierarchy with provisions for fair values to deviate from market prices. Findings of this study shed light on a previously little studied factor, that is, market volatility, on the usefulness of fair values.     

Accounting and budgeting systems: The issue of congruency

The importance of designing an accounting system that is congruent with an organization's budgeting system has been noted in the literature. Unfortunately, in many government organization it is common to find incompatible budgeting and accounting systems. The purpose of this study is to investigate whether gearing the accounting information system to a zero-base budgeting system increases the perceived usefulness of the budgeting process. This issue is examined under conditions of both scare and abundant resources. Based on an empirical study, it is shown that the usefulness of a budgeting system to budget recipients may indeed be dependent on the accounting information system, conditioned on the availability of resources. Given the relationship between budgeting and public policy, implications of the study for the public policy making process are discussed.     

Expectations Hypothesis and Term Structure of Interest Rates: An Evidence from Emerging Market

The integration of emerging economies with developed economies has changed the behaviour of interest rates and exchange rate fluctuation. The current study tries to analyse the implication of expectation hypothesis (EH) and term structures of interest rates between India and US. Using vector auto regressive estimates, the study tries to test the dynamic interdependence of interest rates on exchange rate fluctuation. Further, the study estimates Granger causality tests and Impulse Response Functions to test the behaviour of interest rate movements for a period of nineteen years ranging from June 1996 to June 2015.The empirical results of the study show evidence in line with the existence of EH in the case of emerging market. Nevertheless, in the case of advanced economies we do not find any evidence for EH. The findings revealed that the spread between long and short rate of India is influenced by short-term interest rates and past values of Indian spread. This implies that the fluctuations in the long rate over the short rate evidenced the strong presence of EH as far as emerging economy is concerned.To the best of our knowledge, this is the first study in Indian market, which tests the role of EH in interest rate fluctuations along with exchange rate. Since majority of the studies on term structure of interest rates focus on developed markets, the present study is an attempt to test the causal relationship between developed and developing economies.