Survey of the Creditor＇s Ability to Collect and Use the Enterprise Information

This paper is concerned with the analysis of the creditor＇s ability to collect, analyze and judge business information, which is a realistic problem for the bank to control the risk of loan effectively. We not only know the bank＇s application of financial and non-financial information during the process of credit extension but also investigate the use of non-financial information by questionnaire. It is discovered that the bank even believes the information that directly acquired by itself while collecting, analyzing and judging the reliability of business information. Through some sensitive information such as the changing of accounts receivable and cash flow and the connection trade, it can predict the potential risk further. In addition, the results show that it is the perfection of internal control system of intermediary （such as accounting firm） and the business enterprise itself that make the bank get the true information of business enterprise.     

Design and Discussion of the Cofferdam and Well Point Drainage of the Reform Engineering of Sanbao Navigation Lock＇s Upstream

钱塘江向来以水文及地质条件复杂著称。以三堡一线船闸上游靠船墙改造工程实例,对钱塘江直立式围堰及井点设计与计算进行了总结与探讨。阐述了工程的重点与难点。介绍了围堰方案比选和施工方法。着重介绍了井点排水设计与施工方法。可供参考。     

Nurturance of the Interpreter＇s Awareness of Cross-cultural Communication

The special status of an interpreter in the cross-cultural communication impels him or her nurture and use cross-cultural awareness in communication. The cross-cultural awareness promotes the understanding of both sides,avoid communication barrier in cross-cultural communication. Therefore,cross-cuhurul awareness is undoubtedly significant. This text introduces the concept of cross-cultural awareness, the relationship between cross-cultural awareness and interpreting, the significance of cross-cultural awareness to an interpreter,and carries on preliminary research in how an interpreter nurtures cross-cultural awareness.     

Paradox of Sumsung＇s Success

In Korea, ＂Anti-Sumsung＂ is becoming a trend, the reason of which is for the scandal of Kun-Hee Lee. People are afraid that Lee will get released. At the same time, Kun-Hee Lee is very dissatisfied about his son＇s striving for the heirdom. Thechief editor of Korean Daily thinks behind ＂Anti-Sumsung＂ phenomena reveals the instability of low class of the society, that＇ s Sumsung and enterprises directly or indirectly related to Sumsung want to dominate society, culture, art and media ete crossing the lines. Many people is concerned that when the independence and self-determination of various elements consisting of Korea fall apart facing the storm of ＂ Anti-Sumsung＂, this crisis will turn into that of Korean democracy and marketing economy.     

Research on the Elements of Firm＇s IS Absorptive Capacity

In this paper, we explore the capacity during the process of a firm＇s information implementation from knowledge management perspective, based on a firm＇s level construct. system adoption and According to the dimensions of absorptive capacity proposed by Zahra and George, we point out that the concept of IS absorptive capacity, analyze and summarize the elements of potential absorptive capacity and realized We use data from two manufacturing organizations, analyze two firm＇s realities of IS study indicates differing antecedents may have differing effects on potential absorptive sorptive capacity.     

Blockholders’ Ownership and Audit Fees: The Impact of the Corporate Governance Model

This paper examines how two prominent corporate governance models, namely the shareholder and stakeholder models, have different effects on the relation between agency conflicts and the supply, and demand of audit services. Shareholder (stakeholder) countries rely heavily on public (private) information to reduce information asymmetry for outside investors in the context of high (low) litigation risk. We expect audit fees to reflect the level of agency conflicts in shareholder countries as well as the needs for information of the major blockholders in stakeholder countries. Using a sample of 7982 firm-year observations from 19 countries, we find a U-shaped relation between controlling shareholding and audit fees for shareholder countries and an inverted U-shaped relation between controlling shareholding and audit fees for stakeholder countries. These results are consistent across different firm-level governance arrangements.     

Research on the capital structural optimization based on the coexistence condition of company＇s income tax and individual income tax

Capital structure denotes enterprises＇ form and proportion relation of various long-term funds source. The capital structure is the combination problem of the long-term funds about enterprise development and it is the quantity and proportion between every fund form. This paper analyzes the various factors which affect capital structural decision-making, and introduces capital structural optimization theory of the shelter benefit of tax revenue and bankruptcy cost balance. It studies the method and the evaluation criterion of capital structural optimization. And it constructs capital structural optimization model of coexistence condition of company＇s income tax and individual income tax. This will be very helpful for the rationality of enterprise capital structure.     

Development of China＇s Accounting Standards： Its Establishment and Development Trend

1. The Needs for Accounting Standards Development In 1980s, it was the searching stage for accounting standards. It was recognized that accounting standards cannot be isolated from business environment. China＇s accounting standards are basically constituted by the elements of recognition, measurement and presentation of accounting information as required by Ministry of Finance. Before 1978, accounting system reform was only carried out between complexity and briefness, so reporting formats and accounting framework were retained. Thereafter, the 3^rd plenary session of the 14th Communist Party of China National Congress concluded the economic reform in socialist market economy. Central government put forward a state policy on openness and mainland economic enlivenment. One of the major priorities was to attract foreign capitals and allowed the formation of China-foreign joint ventures. At that moment, China＇s accounting system was based on a single ownership methodology, which was a state-monopolized revenue and expenditure. As foreign transactions were not properly recorded in the financial statements, the information integrity was doubtful in reflecting the true figures of inputs and outputs. In addition, foreign investors could not even understand the reporting systems. It led to confusion that Ministry of Finance＇s approval on the shareholding transaction was unfair. As usual in western accounting standards, foreign shareholding should be regarded as equity and exhibited in balance sheet, which should be audited by independent professional accountants. As a result, the Chinese accounting system was alleged as opaque and required to reform in accordance with international accounting conventions. Otherwise, the foreign shareholding was unable to be translated into the investors＇ home countries.     

Modeling and simulation of the quality’s entropy

The aim of the present study is to define quality entropy as well as to illustrate some of its properties. The simulation of the mathematical model for quality entropy shall be performed by means of specialized software for mathematical problem simulation, such as Microsoft Excel that we have employed for this particular study. Our aim is to prove that quality entropy may be expanded to the notions of Markov source of quality and Bernoulli source of quality, by analogy with the Markov and Bernoulli sources employed in information theory. Likewise, the present study delineates some aspects regarding tolerance to quality entropy. The subject of entropy and its application of the management of quality has been approached by other authors as well (Dinu and Vod?, Revista Calitatea-acces la succes, anul 8(4): 60–61, 2007; Dinu, Revista Calitatea-acces la succes, anul 8(5): 62–63, 2007; Georgescu-Roegen, Legea Entropiei ?i Procesul Economic, 1979; Stamatiu, Proceedings of the 7th International Conference on Quality, Reability and Maintainabilty, 2000; Stamatiu, Proceeding of the 18th International Conference on Quality, Reliability and Maintainability, 2002). Through our transdisciplinary approach, we would like to contribute to the development of this subject.     

The Application of PLC＇s Ladder-Shaped Program of YASKAWA in the Emergent Maintenance of Shore-Based Crane

当岸桥在装卸作业中发生临时故障时,为了及时抢修,使用了安川电控系统中的PLC梯形程序。介绍了安川PLC梯形程序的构成。详细介绍了该程序在应急维修中的作用。可供参考。     

Extensions to the Controlling Stockholder＇s Governance Model

Under the assumptions that investment return increases with the increase of the cash-flow rights held by the controlling stockholder, and the increase of investment return decreases the marginal profit-diverting cost. This paper designs a model to show that： below a threshold level, with the increase of the cash-flow rights held by the controlling stockholder, the profit-diverting shares will probably go up, and the Tobin＇s Q of a listed company maybe go down; Only after that threshold point, does the profit-diverting share become a decreasing function of the cash-flow rights held by the controlling stockholder, and hence does Tobin＇s Q become an increasing function of the cash-flow rights held by the controlling stockholder.     

Evaluation of the asset＇s value by using fuzzy two-stage discounted cash flow model

This paper establishes the fuzzy discounted cash flow model to settle the uncertainties of the cash flow and discount rate in two-stage DCF model, to take the imprecise of the time period of the supernormal growth phase with considering the investor＇s attitude to risk. Firstly, the discount rate and the growth rate are fuzzified as triangular fuzzy numbers in this fuzzy discounted cash flow model. Then the intrinsic value of an asset can be evaluated by the arithmetic operation on interval and λ- signed distance method under the framework of DCF approach. Finally, a listed company at Shanghai Stock Exchange is analyzed as the case to demonstrate the process of stock value calculation by the fuzzy discounted cash flow model.     

Empirical Analysis of the Market Effects of China＇s Listed—— Company＇s Dividend Policy ——Empirical Evidences from Shanghai Stock Exchange from 2004 to 2005

Dividend policy is one of the three core contents of financial management in listed companies. On one hand, it is the extension of financial and investment activities; on the other hand, appropriate dividend policy can not only set up a good company reputation, but also arouse enthusiasm of many investors to continue invest in this company, consequently acquire long and stable development opportunities and conditions. In this paper, the author has put forward some suggestions in order to solve the problems which existing in Chinese listed companies＇ dividend policies based on the result of positive test. Firstly, optimize the structure of equity title and perfect the corporate governance. Secondly, to establish wholesome shareholder protection mechanism, and also it is important measure for investors, especially medium and small investors to protect their rights and interests. According to the present situation of Chinese stock market, the authors consider we can protect the shareholder＇s benefits by carrying out cumulative vote system, establishing hortative derive lawsuit system, perfecting civil compensation system and establishing shareholder voting removing system and so on. Thirdly, the establishment of listed companies＇ dividend policy and the release of message should be standardized for the sake of good relationship of melon-cutting and corporation＇s refinancing plan. Finally, listed companies＇ dividend policy can be optimized by modifying and perfecting stock dividend distribution mode of accounting management, perfecting exit mechanism of listed companies.