Antecedents of Budget Participation: Leadership Style,Information Asymmetry,and Evaluative Use of Budget

This study explores the causes or antecedents of budget participation to understand more fully the role of participation in the workplace. The study focuses on the reasons why superiors encourage the budget participation of their subordinates and draws upon several theoretical perspectives including leadership theory, agency theory and organizational justice. To examine the issues, a survey was administered to managers and supervisors in several companies. Results of path analysis suggest that superiors encourage subordinate participation when the superior's leadership style is considerate. This implies that budget participation may mediate the relation between leadership style and work outcomes. Results also suggest that superiors encourage participation when budget goals are used in the performance evaluation of subordinates, in which case, the study argues, the superiors encourage participation because of concerns about organizational justice. This finding implies that budget participation may mediate the relation between the evaluative use of budget and those work outcomes that prior research has linked to organizational justice. The proposed relation between information asymmetry and budget participation is not supported.     

基层审计机关负责人工作压力与工作满意度的研究

本研究使用问卷调查方法对基层政府审计机关负责人的工作压力与工作满意度做了探索性的研究,发现:在影响这类人员工作压力的因素中,个体差异因素的贡献远高于各类工作满意度的因素;而影响他们个人工作满意度的因素却是其它与人际关系有关的满意度、应对方式等,个体差异的效应并不显著;与工作满意度密切相关的职业成就感也是受由与人际关系有关的满意度、应对方式等因素显著影响的。由此可认为,工作压力更多是由生理性或经验性的因素调节的,而满意度更多是由人际关系、应对方式等社会性因素调节的,而职业成就感,就其影响因素的结构来看,应与工作满意度类似,两者在将来的相关研究可以看作是同类因素。     

注册会计师工作满意度影响因素实证研究

本文采用规范设计的工作满意度量表,以244位注册会计师为被试对象,对我国注册会计师的工作满意度状况及影响因素进行了实证研究。结果表明:我国注册会计师工作满意度总体上偏低,发展前景、认同感和薪酬福利对注册会计师工作满意度的影响排在前三位;在领导行为和管理措施两个因素上男性和女性注册会计师的态度显著不同;职位的高低是影响工作满意度的主要个体变量,随着职位的提升,注册会计师的工作满意度也随之提高。     

网上交易服务质量与顾客满意感的关系研究

本文通过对网上交易服务质量和顾客满意概念的界定进行实证研究,通过实证研究进一步探讨网上证券交易行业的服务质量和顾客满意的关系.     

内部营销、员工满意、服务质量与顾客满意关系研究

为了确定内部营销、员工满意、服务质量和顾客满意之间的因果关系,本文在文献研究的基础上构建了内部营销—员工满意—服务质量—顾客满意关系模型,并以35家商业银行的员工和顾客为实证样本,采用因子分析、结构方程模型检验了模型的假设关系。研究发现:内部营销不能直接影响顾客满意,但可以通过员工满意和服务质量而间接影响顾客满意;员工满意不但直接影响顾客满意,并通过服务质量间接影响顾客满意;服务质量既直接影响顾客满意,也是内部营销和员工满意发挥作用的中间环节。     

The Effect of the Introduction of GST on Accountants' Job Satisfaction and Burnout

The introduction of the goods and services tax in Australia saw a fundamental shift in the working conditions and type of work performed by public accounting practitioners. This paper explores the impact of the introduction of GST on working conditions, job satisfaction and burnout, using data from a survey of 71 public accountants. The study finds that the introduction of the GST has caused accountants' burnout levels to increase while job satisfaction remains unchanged. An unexpected finding is that accountants' propensity to leave the profession has dramatically increased as a result of the introduction of the GST     

信息管理与信息系统专业大学生求职择业困惑透视

信息管理与信息系统专业大学生在求职择业中,由于学校、社会和个体等原因,部分大学生表现出种种不良心态,陷入就业误区;引导大学生树立正确的求职择业观,调试就业心理,克服和避免不良心态的干扰,主动适应社会发展需要,帮助大学生择好业、就好业是高校和社会共同关注的重点.     

制度设计对助学贷款实施满意度的影响——一个基于制度要素的模型及其实证检验

助学贷款制度可分为种类、获得资格、覆盖范围、额度四个获得要素;以及利率、还款期限、担保形式、经办机构、回收机构五个回收要素,制度设计即体现为要素的不同组合。借款学生对助学贷款要素的满意与否综合起来决定了其对助学贷款实施总体的满意度。以此为依据,构建了一个基于制度要素的模型,并通过在上海几所高校的问卷调研进行了实证检验,结果发现:种类、获得资格、额度、覆盖范围四个获得要素对助学贷款总体实施满意度的正向影响都得到了证实,利率、还款期限、担保形式、经办机构、回收机构五个回收要素中,利率、还款期限和经办机构三个要素对助学贷款实施总体满意度的正向影响未被证实,被剔除出模型之外,只保留了担保形式、回收机构两个要素。     

机构投资者与会计信息质量之关系的实证研究

从会计信息披露的可靠性、相关性、及时性和客观性的角度入手,构建了一个会计信息质量的综合指数,采用多元回归分析的方法对我国机构投资者与上市公司会计信息质量之关系进行了实证研究,并分析了股权分置改革的实施对上述关系的影响.研究结果表明:股权分置改革前后,机构投资者的持股比例、持股的机构投资者数量、前十大流通股东中机构投资者的数量均与会计信息质量正相关;股权分置改革不会影响上述相关关系.     

An Examination of Takeovers, Job Loss and the Wage Decline within UK Industry

This paper investigates the effects of takeovers on workers’ employment prospects and wages in the UK for the years 1987–1995. We address directly the idea that takeovers involve a ‘breach of trust’ with employees. Our results provide no support for the breach of trust hypothesis and rather suggest shareholders and workers in the post‐acquisition joint entity are locked in a form of ‘equal misery’ following the execution of the takeover. There already an exist a wide range of event studies documenting the effect of takeovers on shareholders and a smaller number of studies discussing the impact of takeovers on employees. The contribution of the present study is to relate the separate effects of acquisition on these two groups to each other. By doing so we seek to test directly the proposition that takeovers reallocate rents from workers to target shareholders, via the bid‐premia paid on acquisition.     

上市公司会计信息与股票超额收益率关系的实证研究

从上市公司年报信息出发,本文首先借助FSCORE方法建立了对上市公司会计信息的综合分析评价方法,随后以上海证券交易所A股上市公司1998年4月至2007年4月的数据进行实证研究,分析上市公司会计信息综合评价所获分数的高低与公司股票前后连续三年的超额收益率的相关关系。研究结果表明：上市公司的T年年报会计信息综合评估得分与T-1年和T＋1年公司股果的超额收益率都没有显著的相关关系,而与当年的公司股票的超额收益率呈现出显著的正相关关系,该结论对大中规模公司仍然显著。     

The Capital Tax and Welfare Effects from Asymmetric Information on Equity Markets

This paper explores the implications of informational asymmetries between domestic and foreign investors for optimal capital tax rates and welfare. It adopts a model in which asymmetric information implies a home bias in equity. The paper finds that asymmetric information may raise capital tax rates by reducing the marginal cost of taxation. Furthermore, it shows that investors may gain from informational asymmetries. Although asymmetric information increases the uncertainty as perceived by investors, it may also increase tax rates and allow for a higher consumption of public goods. This reflects that asymmetric information may reduce the distortionary effects of competition among governments.     

Information Flows Between the U.S. and China Commodity Futures Trading

Using a bivariate GARCH model, we examine patterns of information flows for three commodity futures traded in both the developed U.S. market and the emerging China market (copper, soybeans and wheat). For copper and soybeans, the two commodities that are subject to less government regulation and fewer import restrictions in China, we find that the U.S. futures market plays a dominant role in transmitting information to the Chinese market, a result that confirms the importance of the U.S. role as a leader in the global financial market. For the heavily regulated and subsidized wheat commodity, our empirical results indicate that the U.S.-China futures markets are highly segmented in pricing, although information transmission via volatility spillover across markets is present.     

基于征信视角的中小企业融资研究

本文归纳分析了我国中小企业融资难的原因主要为中小企业内外部信息不对称,提出发展中小企业征信体系能有效缓解中小企业融资困境。提出完善我国中小企业征信体系建设路径：完善中小企业征信数据库、发展规范化的中小企业征信机构、强化中小企业征信行业监管、建立中小企业内部信用管理制度等。     

An Investigation on Information Transmission Between Stocks of Far Eastern Countries and Their American Depositary Receipts

Domestic stocks and their American depositary receipts (ADRs) are essentially twin securities listed in the home country and United States, respectively. Accounting for exchange rates and market friction, their prices should move in tandem if international markets are efficient. In reality, however, their returns are close but sometimes differ dramatically. This study hypothesizes that changes in trading volume and macro events can lead investors between two equity markets to generate heterogeneous expectations or interpretations, causing returns on one security to deviate from those on the other. The results show that changes in past domestic volume do affect current ADR returns, implying that volume contains additional information not in prices. It is also found that important macro events, especially bad news, trigger significant differences in returns between domestic shares and their ADRs. These results support our argument that heterogeneous expectations prolong price information transmission between two equity markets.     

关系型融资模式的均衡分析和均衡的突破

距离型融资模式是未来融资方式的一个合理选择,但在我国该模式并无法如预期简单实现,因为关系型融资模式是一个均衡,而模式的转换是一个均衡的突破.我国的企业偏好债务融资而非股本融资,银行有维持和发展银企关系的激励,国家则通过金融支持来保护和控制银行,三方都没有积极性偏离均衡.均衡的突破关键在于政银关系.政府退出"金融支持"具有必要性、合理性和可行性.另外,缩小"破产罚金",WTO的冲击,也有助于该均衡的瓦解.     

The Effects of Senior Internal Auditor Behaviour on Staff Performance and Satisfaction

The increasing importance of the internal audit function in the USA is evidenced by the attention focused on this function by professional standard setting bodies (Institute of Internal Auditors, 1989; American Institute of Certified Public Accountants, 1991) and an investigatory commission (National Commission on Fraudulent Financial Reporting, 1987). Previous research in both accounting (Jiambalvo and Pratt, 1982; Pratt and Jiambalvo, 1981) and organisational behaviour (see Yukl, 1989 for a review) has identified specific leader behaviours that result in improved performance and satisfaction. Using a recently developed taxonomy unavailable at the time these previous studies were conducted, this study explores the effect of leader (senior internal auditor) behaviours on subunit (internal audit team) performance and subordinate (internal audit staff) satisfaction. The results of this study indicate that audit efficiency is influenced by both task behaviours (e.g. administering discipline) and relationship oriented behaviours (e.g., facilitating cooperation and teamwork and providing praise and recognition); in contrast, audit effectiveness is influenced primarily by task-oriented behaviour. Staff satisfaction is influenced by both types of behaviour. These associations have implications for the training of internal auditors and assignment of internal auditors to projects. Also, increases in staff satisfaction should result in lower turnover, providing a cost saving to the organisation through reduced training, staffing and recruiting costs.     

UK Accounting Disclosure Practices and Information Asymmetry During the First Quarter of the Twentieth Century: The Effects on Book Returns and Dividend Cover

During the first quarter of the twentieth century there was marked information asymmetry as between senior managers and shareholders. The differences in information provision can be dichotomised into 'volume' and 'distortion' effects. This paper measures the (matched pair) differences between two standard measures of corporate performance, returns on equity capital and equity dividend cover, based on internal and then published data, in each case derived from a broadly-based set of quoted companies in UK industrial sectors. The results suggest that levels of information distortion were low until 1914, and material and much higher, after rather than during the First World War.     

证券市场参与者之间关系及其变化的比较研究

本文主要探讨了证券市场主要参与者间关系及其变化。研究发现,与国外证券交易所之间的竞争不同,我国沪深两个交易所之间的竞争主要表现为监管竞争与对板块上市机会的主动争取上;证监会与交易所之间的关系是一种领导关系而非监管、合作关系;就证监会与被监管者而言,除监管关系以外,证监会与被监管者之间还存在着容忍、合谋等关系;上市公司与投资者之间的关系主要是一种合作与监督关系。