Managerial Altruism and Governance in Charitable Donations

We describe a double agency problem in firms' charitable donations. When managers have better knowledge about the effectiveness of donations and their altruistic preferences, it is difficult for shareholders to tell whether charitable donations are made for a strategic purpose or due to managerial altruism. We characterize the equilibrium donations in a heterogeneous competition model. We show that managerial altruism is a substitute for the effectiveness of donations, and excess donations cannot be prevented by a compensation scheme that reduces the interest conflicts between ownership and management. Under board authorization, the board will tolerate donations with high effectiveness and low altruism as well as donations corresponding to low effectiveness and high altruism. Under a penalty scheme, the altruistic manager will increase donations, in order to increase donation's strategic benefit to compensate for the loss from the penalty. Copyright © 2017 John Wiley & Sons, Ltd.     

Differentiating ambiguity: an expository note

Ghirardato et al. J Econ Theory 118:133–173, 2004 propose a method for distinguishing between perceived ambiguity and the decision-maker’s reaction to it. They study a general class of preferences which they refer to as invariant biseparable. This class includes CEU and MEU. This note presents some examples which illustrate their results. Research supported by ESRC grant no. RES-000-22-0650. For comments and discussion we would like to thank Klaus Nehring and a seminar audience at ESEM, Vienna 2006.     

市场化进程、实际控制人与内部控制有效性——来自我国上市公司的经验证据

研究企业市场化进程与内部控制有效性的关系,探索企业实际控制人性质对两者关系的影响,从而发现市场化程度、实际控制人性质和内部控制有效性的相互作用机理.研究表明,市场化进程对内部控制的有效性存在显著的正向影响,国有控制企业内部控制的有效性优于非国有控制企业,相对于非国有控制企业,市场化进程对国有控制企业内部控制的有效性具有更强的提升作用.     

辽宁省棚户社区的形成与复兴

与西方国家的贫民窟不同,辽宁省棚户区是1993年企业改制以后国有企业大量破产、职工宿舍区衰败形成的,是体制排斥与单位排斥的结果。在单位制时代,作为生活区的社区内在于单位体制之中。当国有企业倒闭后,社区的生活服务功能随之消失,居民在失去单位归属之后,又丧失了地缘组织这一日常生活中相互扶助的最后堡垒,导致社区秩序混乱,健康与犯罪问题恶化。在棚改过程中,辽宁省建立了社区组织并纳入政府的公共服务体系之中,重新建构以社区为载体的社会体系,有力地保障了棚改新区的可持续发展。     

透视春兰多元化

本文通过深入剖析春兰集团多元化三个台阶的发展状况，归纳了企业多元化应具有的先决条件。希望能够使企业充分认识多元化优缺点，从而使企业能够避免落入盲目多元化的陷阱。     

<Emphasis Type="Italic">Sylvania’s</Emphasis> Indian Precursor and Its Legacy

The starting point of this paper is a January 1977 judgment of the Indian Supreme Court, which applied the rule of reason to vertical restraints and anticipated many of the arguments of the Sylvania judgment. After summarizing the background of the Indian case, I set out the main points of similarity and difference between the two judgments, and finally assess the somewhat erratic influence of post-Sylvania antitrust thinking on Indian competition law and jurisprudence.     

门诊护理管理对医院感染控制的影响

目的探讨门诊护理管理对医院感染控制的影响。方法 2012年我院提高门诊管理护理水平,根据实际情况制订控制院内感染的措施。对比分析2010—2012年我院的院内感染检测数据指标、环境卫生检测数据指标。结果 2012年院内感染率为3.8%,明显低于2010年与2011年的院内感染率,且2012年院内环境卫生各项检测数据均明显优于2010年与2011年,差异有统计学意义(P<0.05)。结论加强门诊护理管理制度的完善力度,能有效控制院内感染发生率,提高医院门诊护理管理水平。     

构造社会资本与企业技术创新的共生范式

社会资本环境与企业技术创新是一个完整系统,两者具有共生性。社会资本中的"信任"、"协调"和"规则"是营造企业技术创新的基本环境。文章认为技术创新是企业与其他社会组织和个人产生多种联系以获得创新资源的过程,必须建立社会资本与企业技术创新的共生环境。对此,文章提出了建立社会资本与技术创新的五种共生范式:共享范式、创新范式、系统范式、空间范式、网络范式,以加强社会资本对技术创新的促进作用。     

The Determinants of Tying Litigation, 1961–2001

The idea that changes in Supreme Court decision rules should have measurable effects on the volume of cases litigated has a compelling plausibility, and several models of litigation predict this result. The prediction is a fragile one, however, because it implies very restrictive assumptions about the probability distributions of the cases subject to dispute. The period studied includes four Supreme Court decisions widely regarded as changing the rules and altering the level of uncertainty surrounding the legality of the anti-tying provisions of the antitrust laws. Broad trends in antitrust activity generally and changes in firm profitability statistically explain over three-quarters of the observed variation in tying litigation. Changes in legal precedent have only modest effects upon litigation.

信息化助推白沙管理升级

<正>几年前刚刚上任的总裁卢平女士发现:每次出差回来,桌上的文件就堆得像小山;年终总结时,交上来的材料都是厚厚一叠。她于是规定:凡是给她看的东西,只能是一张纸,上面直截了当地写明“题目、问题、方案、机遇、风险、结论和审批”。后来这家企业将“一张纸制度”逐渐归纳提炼为“简约管理”四个字。