欢聚时刻

欢聚的时刻,让我们这么激动欢聚的时刻,让我们这么幸福欢聚的时刻,让我们这么留恋欢聚的时刻,让我们这么动情我们被幸福弥漫着我们被激情包裹着我们重新找到新的方向我们重新唤起再创新天地的勇气我们期待着再一次的相聚     

目的成就自我

核心价值观让我们了解,激励我们去追求的是什么,以及我们想要影响的是什么,核心才华则是告诉我们有什么天赋,以及我们可以有什么影响。因此,首先要找出我们的核心才华。找出核心才华与核心价值观之后,就开始努力追求核心目的。我们将才华对准核心目的这甜蜜点,以满足我们的价值观,让我们的天赋与贡献都能发扬光大。     

始终保持党同人民群众的血肉联系

密切联系群众是我们党的传家宝,是我们党生存发展的生命线,是我们党抵御风浪的"压舱石",是我们党取之不竭的动力源,是我们党和人民事业兴旺发达的根本保证。密切联系群众这一法宝,我们任何时候任何情况下,都绝不能丢、绝不能忘。纵观90多年来我们党的发展史,也可以说是一部党密切联系群众的历史。我们可以清楚地看到,中     

弄清自己是谁

低成本、高价值是我们的核心本质。这些年我们认识到,只要成本增加,我们就会进入贵族化阶段,就不是我们自己了一个人可以走得很快,但是一帮人才能走得更远。文化是什么?文化是不可复制的。现在讨论企业文化,首先需要重新认识我们是谁?要清晰地认知我们的过去和现在,现在是什么样子,别人怎么看我们,我们自己怎么认识自己,才能讲未来。存在就有其价值。这些年我们面临的市场与环境     

目的成就自我

核心价值观让我们了解,激励我们去追求的是什么,以及我们想要影响的是什么,核心才华则是告诉我们有什么天赋,以及我们可以有什么影响.因此,首先要找出我们的核心才华.找出核心才华与核心价值观之后,就开始努力追求核心目的.我们将才华对准核心目的这甜蜜点,以满足我们的价值观,让我们的天赋与贡献都能发扬光大.     

幸存者是不一样的人

这场衰退逼迫我们去面对困境的所有不快。但是现在,我们摆脱了差点就消灭掉我们的事件,我们必须留意加缪的警告,我们要抵制旧习惯的回归趋势     

践行焦裕禄精神和红旗渠精神

焦裕禄精神和红旗渠精神是延安精神的继承和发扬,是我们党和我们国家极为重要的精神财富,也是我们共产党人的永远动力。焦裕禄精神和红旗渠精神引导了我们几代人,激励了我们几代人,教育了我们几代人。对我们党的思想建设、作风建设、队伍建设发挥了极为重要的作用,也对我们国家的发展与进步发挥了极为重要的作用。     

首创集团的海外之路——法国的机遇

正首创集团我们原来是一个很小的企业,大概经过了18年的奋斗,我们资产从60多亿增长到了1200多亿,我们的利润大概增长了72倍。我们走了一条比较快速的改革的道路,主要的产业我们现在是532的产业,也就是有基础设施,有地产,还有金融。我们的发展的战略是两个轮子互动,也就是以投资银行业务为先导,以产业为背景互动。用产业形成的利润支持我们的金融的融资的通道,用我们融来的资金来支持我们的产业产生利润。     

我们在一线

当你看见我们的时候,我们和新闻在纸上;当你看不见我们的时候,我们和新闻在一线。 我们在一线,这不仅是新闻工作之要求,也是揭秘可靠性真相之必须,更是我们始终如一践行的原则.     

心茶一瓣

●我们如果没有理想,我们的头脑将陷于昏沉;我们如果不从事劳动,我们的理想又怎样实行?———陈毅     

Convergence in Environmental Reporting: Assessing the Carbon Disclosure Project

We perform content analysis on Carbon Disclosure Project (CDP) responses from 2003 to 2010, focusing on the extent to which firms account for indirect emissions and have exhibited convergence in carbon reporting. We also examine standardization in reporting and the variation of reporting behavior across industry and country. We find that the CDP has produced a mixed record of improved transparency. In some areas, such as Scope 2 emissions, the CDP has demonstrated an increase in transparency in later years. However, the transparency and quality of direct emissions and Scope 3 emissions have not improved over time. Japanese and European Union firms have increased transparency, while American firms have decreased transparency. Energy‐intensive industries have either increased transparency or remained the same, while less energy‐intensive industries have become less transparent. We demonstrate some evidence of a learning effect among firms after participating in the CDP survey. Copyright © 2012 John Wiley & Sons, Ltd and ERP Environment.     

Equilibrium in incomplete markets: II : Generic existence in stochastic economies

We model multiperiod securities markets with differential information. A price system that admits no free lunches is related to martingales when agents have rational expectations. We introduce the concept of resolution time, and show that a better informed agent and a less informed agent must agree on the resolution times of commonly marketed events if they have rational expectations and if there are no free lunches. It then follows that if all elementary events are marketed for a less informed agent then any price system that admits no free lunches to a better informed agent must eliminate any private information asymmetry between the two. We provide an example of a dynamically fully revealing price system that is arbitrage free and yields elementarily complete markets.     

Executive stock option compensation: The corporate reporting decision

New regulations instituted in 1992 by the SEC require that estimates of the values of executive stock option grants now be included in proxy statement reports on senior executive compensation. We examine the character of firms' reporting choices under the new rules, from a large sample of the first round of proxy statements issued. We find that the majority of firms have elected a reporting approach that provides little additional information to investors, and appear at least in part to have done so because the alternative approach would have caused them to report above-average stock option compensation amounts for their executives.     

All in the family: why non-democratic leaders have more children

Economists have come to learn that politics matters. But survival matters the most to those involved in politics. We provide a theory whereby non-benevolent, non-democratic leaders increase their expected family size to raise the likelihood that a child will be a match at continuing the regime’s survival. As a consequence, having a larger family size raises the non-democratic leader’s expected rents that they can exploit from the citizenry. In contrast, democratic leaders have a lower desire to appropriate rents from the citizenry, and therefore have a diminished desire to have additional children for these purposes. We construct a data set of the number of children of country leaders as of August 31, 2005. We find that in a sample of 221 country leaders, fully non-democratic leaders have approximately 1.5–2.5 more actual children as compared to if they are fully democratic. This empirical relationship is established controlling for a full array of country specific as well as individual specific variables. Our finding also continues to hold when using alternative measures of family size. This paper has been prepared for a conference honoring Herschel I. Grossman at Brown University in April of 2006. We thank our discussant, Murat Iyigun, an anonymous referee, Michelle Garfinkel and conference participants for excellent suggestions.     

Stock market linkages and financial contagion: A cobreaking analysis

Financial crises have shown that dramatic movements in one financial market can have a powerful impact on other markets. This paper proposes to use cobreaking to model comovements between stock markets during crises and to test for contagion. We find evidence of cobreaking between developed stock markets. In emerging stock markets, the evidence of cobreaking is mainly due to the non-financial event of the World Trade Center terrorist attacks in 2001. We find evidence of short-term linkages during times of crisis but not contagion. These short-term linkages have important implications for investors, risk managers and regulators.     

Anticipation,learning and welfare: the case of distortionary taxation

We study the impact of anticipated fiscal policy changes in a Ramsey economy where agents form long-horizon expectations using adaptive learning. We extend the existing framework by introducing distortionary taxes as well as elastic labor supply, which makes agents’ decisions non-predetermined but more realistic. We detect that the dynamic responses to anticipated tax changes under learning have oscillatory behavior that can be interpreted as self-fulfilling waves of optimism and pessimism emerging from systematic forecast errors. Moreover, we demonstrate that these waves can have important implications for the welfare consequences of fiscal reforms.     

The Way to the Top: Career Patterns of Fortune 100 CEOS

How have the CEOs of Fortune 100 companies worked their way to the top position? Are there several paths to the top, or have most present‐day CEOs moved up the ranks in a similar fashion? We examine the employment trajectories of all of the current Fortune 100 CEOs across their entire working careers to answer these questions. The analysis developed in this article is carried out in two steps. We first use sequence analysis to find the patterns that are characteristic of the career paths of these CEOs . We then apply clustering techniques to identify distinct groups of career paths that have led individuals to the uppermost management level. Our results show that the careers of the Fortune 100 CEOs have largely followed traditional career paths that are symbolized by steady progression toward more responsibility, little mobility between firms and industries, and a strong focus on general management functions. © 2015 Wiley Periodicals, Inc.     

Transient Jobs and Lifetime Jobs: Dualism in the British Labour Market

How long does a job last in Britain? We find that many workers have very short jobs and many have very long jobs. We estimate that in 1990, 40 percent of men were in jobs that will last 20 years or more. On the other hand, 24 percent were in jobs lasting less than five years. We conclude that the labour market is still capable of offering ‘lifetime jobs’ to many workers. Policy analysis of issues such as reform of the welfare state, pensions, and training should take note that reports of the death of ‘jobs for life’ appear to be exaggerated.     

Stock returns and volatility: Another look

Most empirical work examining the intertemporal mean-variance relationship in stock returns has tended to use relatively simple specifications of the mean and especially of the conditional variance. We augment the information set to include economic variables that other researchers have found to be important and use GARCH-M models to explore the relation between volatility and expected stock returns. We find that the additional variables have little impact on the conditional variance and that any intertemporal relationship between volatility and stock returns is weak or unstable. Our results signal the need for theoretical models of the intertemporal volatility-return relationship, and call for further studies of the determinants of the conditional variance of stock returns.     

Selling goods of unknown quality: forward versus spot auctions

We consider an environment where the sale can take place so early that both the seller and potential buyers have the same uncertainty about the quality of the good. We present a simple model that allows the seller to offer the good for sale before or after this uncertainty is resolved, namely via forward auction or spot auction, respectively. We solve for the equilibrium of these two auctions and then compare the resulting expected revenues. We also consider the revenue implications of insurance in forward auctions.