Olympics and Business Opportunities for the Tourist Industry

Compared with other industries, the chance and potential is bigger for the tourist industry to participate in the Olympic Games, which not only present themselves in the preparation and holding of the Games, but contribute to the post-Olympic economic development.     

Commercial Opportunities for Building the Olympic Fields and Buildings

With the full development of the construction of the Beijing Olympic fields and buildings in 2004, the investors and enterprises at home and abroad of broad vision focus their eyes on the Olympic projects construction. The underlying great commercial opportunities become the focus at home and abroad.     

The “now” economy and the traditional accounting reporting model: Opportunities and challenges for AIS research

The real time economy (RTE) can be characterized by a substantive acceleration of business measurement, assessment, and decision processes. It implies a new business model where there is reduction of intra-process and inter-process latency. The AIS research literature has failed to develop new paradigms for accounting of accelerated processes. This paper places key relevant research questions for accounting, assurance, and business information systems in the RTE.     

Analysis of the Leadership and Organizational Culture——The Fall of Arthur Andersen

Arthur Andersen LLP is formerly one of the Big Five accounting firms in the world. However, in 2002, it voluntarily surrendered its licenses to practice as Certified Public Accountants in the United States, and was out of the 89 years career in the audit profession. Meanwhile the global branches of the firm is revoked and acquisition. This thesis analyses this event from a leadership and organizational culture perspective. It will elaborate from three aspects, including the organizational culture, internal integration, external environment and changing.     

Olympic Games and Business Opportunities for Construction and Operation Market of Traffic Basic Establishment

With the acceleration of Beijing urbanization and modernization, it is expected that the urban traffic demand will increase largely, which will put forward much higher requirement for traffic basic establishment. According to initial prediction, up to 2008, the investment scale of construction and operation market of traffic basic establishment in Beijing will surpass 1800000 million yuan.     

Olympics and Business Opportunities for Modern Service Industry

Three years into Beijing's successful bid for the Olympics, great changes have happened in Beijing. With the sustained, rapid, concerted, and healthy socioeconomic development of the Capital, commerce and circulation field also takes a good development momentum. Market     

Do the Big 4 and the Second-tier firms provide audits of similar quality?

In this paper, we examine audit quality for Big 4 and Second-tier auditors during 2003–2006. We utilize the auditor’s propensity to issue a going concern audit report for distressed clients as a measure of audit quality. In addition, since the purpose of an audit is to improve financial reporting quality, we utilize abnormal accruals as an observable proxy for audit quality. Further, we utilize the client- and year-specific ex ante equity risk premium as a proxy for audit quality as perceived by investors. We control for auditor self-selection bias using the matched-pairs sample approach discussed by Francis and Lennox (2008). We find weak evidence that the Big 4 have a higher propensity to issue going concern audit opinions for distressed companies. However, the level of performance-adjusted abnormal accruals for Big 4 and Second-tier audit firm clients appears to be similar. With respect to investor perceptions, we find the client-specific ex ante equity risk premium to be lower for Big 4 clients than for Second-tier audit firm clients. Overall, our findings suggest little difference in actual audit quality but a more pronounced difference in perceived audit quality. Collectively, the evidence we provide informs the current discourse on audit quality, auditor choice, and the viability of Second-tier auditors as an alternative to the Big 4.     

Welfare and technology in the network society—Concerns for the future of welfare

The last decade of explosive innovation thanks to the growth of information and communication technologies (ICT) has left the public sector, and particularly the provision of welfare services, largely unchanged. Where socialising, commerce, information finding, entertainment and travel have all undergone profound structural transformations, the workings of government have not seen a similar shift. To be sure, the pace of decision-making has been sped up, as it has elsewhere, by Blackberries, and a small number of services are delivered online. But these services are still based around their offline equivalents, and usually aim simply at cutting the costs associated with their delivery by moving online. While this will continue to be a key motivation for the digitisation of government, other more fundamental developments are set to take place which will herald new online-only services, and which will encourage radical decentralisation of power.The first part of this paper will look at the private sector's experience over the past decade for clues as to why the public sector has moved relatively slowly, and likely directions of development in coming years. We will also here present evidence from our own forecasts of the likely narrowing of the digital divide. The next two sections will then deal with future developments in more detail, firstly looking at ICT's future role in welfare service delivery, and secondly at the ways in which it might be used for greater citizen engagement, and the reshaping of power structures that will result from this. The final section will examine some conflicts that arise from this reorientation away from the centre.     

Big Bad Banks? The Winners and Losers from Bank Deregulation in the United States

We assess the impact of bank deregulation on the distribution of income in the United States. From the 1970s through the 1990s, most states removed restrictions on intrastate branching, which intensified bank competition and improved bank performance. Exploiting the cross‐state, cross‐time variation in the timing of branch deregulation, we find that deregulation materially tightened the distribution of income by boosting incomes in the lower part of the income distribution while having little impact on incomes above the median. Bank deregulation tightened the distribution of income by increasing the relative wage rates and working hours of unskilled workers.     

Olympic Games and Business Opportunities for Municipal Administration Public Utilities

Holding 2008 Olympic Games not only brings new development opportunities for environmental construction in Beijing, but also provides hard-won business opportunities for domestic and foreign investors. At the same time, Beijing is gradually enlarging its open range in municipal administration, public Utilities and environmental Sanitation construction, which will provide more and steady market access opportunities for domestic     

Repoliticalization of accounting standard setting—The IASB,the EU and the global financial crisis

Since its inception, the IASB has been able to set standards with relatively little political influence in its governance or standard setting process. But this changed with the outbreak of the global financial crisis. Political bodies began to view accounting standards as a contributing factor that amplified the consequences of the crisis on banks, financial markets and the overall economy. Regaining control over accounting standard setting was seen as imperative. In this article, we investigate how the EU sought to gain control over the IASB and how the global standard setter responded to limit political influence. Our findings show that a re-balancing of power in favor of political interests has occurred between the stakeholders of international accounting standard setting. Further research in this area looks promising. We suspect that the heightened influence of political actors may lead to further power struggles and efforts to cope with on-going changes in the institutional environment.     

Too Big to Be Efficient? The Impact of Implicit Subsidies on Estimates of Scale Economies for Banks

We examine whether “too‐big‐to‐fail” (TBTF) factors affect estimates of scale economies for large banks. From a standard model of bank production that does not control for any TBTF factors, we find evidence of scale economies for our sample of large banks. We then control for TBTF factors by using a measure of the “implicit subsidy” that emerges from a reduction in TBTF banks’ funding costs due to investor expectations of government support. We do this in two ways: first, we estimate scale economies from an augmented model of bank production that employs a proxy for the counterfactual price of debt that banks would face in the absence of any TBTF funding cost advantage; second, we estimate scale economies from a model of bank production that is estimated only for a sample of banks considered unlikely to be TBTF. After controlling for TBTF factors using either method, we no longer find evidence of scale economies for our sample of large banks. These results suggest that estimated scale economies for large banks are affected by TBTF factors.     

The Olympic Games and the Development of Social undertakings

Sociologically, the Olympic Games belongs to the entire society where every citizen should be a beneficiary from the Olympic economy. The humanistic themes and     

People''''s Olympic Games" Ideals and Commercial Opportunities for Cultural Economy

During the period of preparation and hosting of the 2008 Beijing Olympic Games, "People's Olympic Games" Ideals will go deep into the economy of the Olympic Games from the beginning to the end as an important heritage of the Olympics, which will generate profound effects on the urban future.     

Extensions and intensions of management control—The inclusion of health

Interest in management control of intangibles has grown remarkably during the last decades and now includes managing employee health. Research in this field is so far in the early stages: few empirical studies have been undertaken and fewer studies take into consideration the implications of such systems. In this paper we wish to contribute to the field with a qualitative study of instances of management control of health in ten Swedish organizations.Many good intentions lie behind the idea of making health and ill-health a subject for management control and the expected results are very positive—lower sick-leave rates, reduction of costs and human suffering. Such intentions stand for an intension, i.e. the ideas, properties or state of affairs that are connoted by a word or symbol, in this case what can be connoted by the concept of management control of health, its conceptual position. An intension, however, is not given insofar as a word or concept may be associated to more than one. Thus we set out to interpret management control of health in terms of two conceptual positions, modernism and postmodernism, in order to bring forth two very different intensions of management control of health: one where the practice is seen as an investment with a purpose to visualize ill-health and increase efficiency by putting in place measures to increase employee health; the other where the practice is seen as a means to make the individual accountable in order to be able to intensify control and colonize leisure.     

The Resource Curse and Its Transmission Channels: An Empirical Investigation of Chinese Cities’ Panel Data

This article re-examines the resource curse hypothesis on the city level in China using data from 273 cities during the period 2001–2010. The system GMM dynamic panel estimator is applied to address the potential endogeneity problems. Our empirical analysis suggests that natural resource dependence has a small and insignificant impact on economic output when we control for the negative indirect impacts. If the indirect impacts of the transmission channels through which the resources hinder economic output are included, the total effect of natural resource dependence on economic output increases to 10 times the direct effect. Moreover, the capital investment channel is shown to be the most important of these transmission channels.     

The impact of digital transformation of manufacturing on corporate performance — The mediating effect of business model innovation and the moderating effect of innovation capability

Digital technologies have been rapidly changing traditional industries. In the given context, this study reveals the internal influence mechanism of digital transformation on the corporate performance of the manufacturing industry based on the resource-based view theory. We build a theoretical framework incorporating business model innovation and innovation capability as mediator and moderator variables. To evaluate our hypothesis, we conduct an empirical study on 255 Chinese manufacturing enterprises. We classify digital transformation into exploitative and explorative transformations with the ambidexterity theory. The results show that exploitative and explorative digital transformations significantly and positively impact corporate performance, and business model innovation has a significant mediating effect. Innovation capability positively moderates the impact of exploitative and explorative digital transformations on business model innovation and moderates the mediating effect of business model innovation. This paper provides support for promoting the deep integration of the digital economy and the real economy.