我国上市公司过度投资行为的识别

由于股东和经理之间存在信息不对称而产生的代理成本问题,使得经理有过度投资的倾向,但是原有过度投资的检验方法并未能准确地界定过度投资行为。本文在综合考虑项目投资的期限、投资的行业差异和投资收益情况因素后确定了过度投资行为的判断标准,在此基础上进行过度投资的识别可以更好地发现存在过度投资的企业,并为进一步研究过度投资的治理提供准确的数据支持。过度投资上市公司在负债比例、投资年度的收益以及是否处于战略扩张阶段等方面和其他上市公司存在显著差异。     

建立河北省农业生态安全预警机制的理论探讨

目前,河北省农业生态系统整体呈不断恶化趋势,已成为影响建立农业强省的重要问题。为此,建立生态安全预警机制是必要而紧迫的。本文依据农业生态学原理、环境库兹涅兹曲线与生态安全耦合原理建立了农业生态安全的理论基础,并从观念、技术、政府作用与公众参与以及生态产权和资金投入方面进行了障碍性因素分析,最后提出了相应的对策措施。     

新疆煤炭产业发展对大气环境的影响分析

新疆煤炭资源丰富.随着新疆经济快速增长,以及全国经济增长对新疆煤炭需求程度的增强,新疆煤炭生产量和消费量将迅速增加,由此带来的大气污染问题值得关注.本文指出了新疆大气环境污染状况,分析了煤炭消费与大气环境污染的关系,并通过预测未来煤炭生产和消费的大气污染物排放量,认为新疆煤炭产业发展对大气环境的影响不容乐观.     

树立品牌 取胜竞争

随着科技的迅速发展和经济全球化进程的进一步加剧,产品差异越来越小,产品竞争也从价格、质量、服务等诸方面 较量,进入了品牌竞争阶段。本文就从品牌战略的角度出发,分析通信行业的现状以及如何打造成功品牌,利用品牌在的竞争 中取胜。     

Revenge Exacerbates the Effects of Interpersonal Problems on Mentors’ Emotional Exhaustion and Work‐Family Conflict: A Self‐Defeating Perspective

Drawing on conservation of resources theory, this study examined the link between negative mentoring experiences (i.e., interpersonal problems) perceived by mentors and their work‐family conflict (WFC) by focusing on the mediating role of emotional exhaustion and the moderating role of revenge. The results of a field survey of 187 mentors in China supported all of our hypotheses, indicating that interpersonal problems perceived by mentors were positively related to their WFC. This relationship was also found to be mediated by the mentors’ emotional exhaustion. In addition, revenge against protégés was found to moderate the main effect of interpersonal problems on emotional exhaustion and the indirect effect of interpersonal problems on WFC. Specifically, revenge exacerbated the positive relationship between interpersonal problems and emotional exhaustion. Further, emotional exhaustion mediated the indirect effect of interpersonal problems on WFC when the level of revenge was high, but not when it was low. The findings of this study provide insightful theoretical contributions and managerial implications that indicate new directions for research related to mentoring and work‐family relationships. © 2016 Wiley Periodicals, Inc.     

我国城市污水处理投融资模式的实证研究

本文结合博弈论和计量经济学的Eview5工具对我国城市污水处理过程中各投资主体和资金来源进行实证研究,结果表明:民间资本在城市污水处理投融资过程中的地位越来越重要,所起作用已经超过政府资本;政府资本效用的下降,说明了政府资本使用效率低的问题,但政府在整个过程中监督管理的角色不会变。接下来我国城市污水处理的投融资模式将以市场化为主,政府资本为辅这一基本思路进行选择。     

中国房地产投资结构研究

由粗放型外延扩张转向集约型内涵化发展是中国房地产持续发展的必然要求,而产业内部结构优化无疑是实现这一转变的根本途径,针对这一问题,本文从时空、主体、用途三方面深入分析了中国房地产投资结构,揭示了其低度化的现状,阐述了产业投资结构优化的目标及具体对策。     

期权加油卡的产品设计、定价和套期保值研究

在消费者被迫接受成品油价格风险、石油零售商零售业竞争日益激烈和我国成品油定价机制矛盾日益突出的背景下,本文提出石油零售商可发行期权加油卡来实现下面三个目标:(1)为消费者提供成品油价格风险管理的工具;(2)为石油零售商提供一种新的锁定客户的营销手段;(3)推进成品油的市场化改革。本文首先设计期权加油卡,然后采用蒙特卡罗模拟方法对加油卡定价,接着分析石油零售商发行加油卡的风险的套期保值损益,最后讨论期权加油卡的相关实际操作问题。     

Analyst Firm Coverage and Forecast Accuracy: The Effect of Regulation Fair Disclosure

In this study, we revisit the relationship between analyst firm coverage and forecast accuracy. In contrast to the proposed negative association in Clement (1999) owing to the portfolio complexity effect, we hypothesize an ‘economy‐of‐scale effect’ that is likely to dominate when analysts rely mostly on public information. In support of the latter effect, we find a positive association between firm coverage and forecast accuracy after the enactment of Regulation Fair Disclosure (Reg FD), which substantially reduces the flow of material private information to analysts. Such a result survives a battery of robustness analyses. We further show that, in the post‐Reg FD period, covering more firms increases an analyst's probability of being selected as a star analyst in the subsequent year. Overall, our findings highlight the importance of the information environment in shaping the economic link between an analyst's firm coverage and forecast accuracy.     

Accounting and Accountability in Fiji: A Review and Synthesis

This paper reviews accounting and accountability research in Fiji. The review is based on 47 papers published since 1978 in accounting refereed journals, professional journals, edited book chapters and theses and other refereed journals outside accounting. In addition to categorisation of the reviewed papers according to accounting topics, theories and methods of data collection, some themes to which the papers could be related are discussed. Financial reporting/accountability research is the most popular research in Fiji followed by new public management research, with sustainability accounting research the third most popular. The paper's findings suggest some directions for future accounting research in Fiji and where the data can possibly be sourced for such research. We conclude that more research is needed in the Fijian context that focuses on accounting and the state, performance auditing, indigenous accounting, SMEs and accountability.