Is Family Control Relevant for Corporate Cash Holding Policy?

This empirical research examines the effect of family control on firms’ cash holding policy. Using a sample of Western European firms, we confirm the precautionary motive for holding cash as family‐controlled firms’ desire to perpetuate the family legacy for future generations motivates them to accumulate more cash than their non‐family counterparts. We also show that, given family‐controlled firms’ long‐term perspective, they focus on cash flow volatility rather than cash flow level. Finally, the relation between financing constraints and cash holdings is not homogeneous: financially constrained family‐controlled firms hold higher levels of cash than financially constrained non‐family firms. Overall, these results suggest that family firms’ cash holding policy is the result not of a specific financial outcome but rather on the strategic objectives of the firm.     

IFRS的强制趋同、盈余动机与应计及真实盈余操纵

本文运用我国2005年至2008年A股市场的数据,实证研究了新会计准则的实施、盈余动机与应计及真实盈余管理的关系。结果发现:与国际财务报告准则趋同的新准则强制实施以后,公司的应计盈余管理空间扩大了,公司的真实盈余管理也明显地增加了,其中应计盈余管理空间的扩大可能是由于会计稳健的结果;公司为满足盈余管理的各种动机需要,会灵活地同时使用应计与真实盈余管理来协调互补地达到恰当调节利润的目的;除了股票增发(Zengfa)动机以外,其余各种动机在一定程度上都利用了新会计准则的强制实施来进行应计或各种真实盈余管理,以达到操纵利润的目的。     

盈余管理寻租的博弈分析与治理

本文通过静态模型和两阶段动态博弈模型,从上市公司和注册会计师两方分析了盈余管理的寻租条件与合谋寻租本质,并提出了相应的治理建议。     

The role of safety culture/climate and social cognitive factors for driving behaviors of Turkish professional drivers transporting petroleum products

The present study aimed to examine and compare the role of safety culture/climate and social cognitive factors on driving behaviors in a group of Turkish professional drivers transporting petroleum products. A questionnaire survey was conducted in a sample of 119 male drivers working for an oil company. The questionnaire included items related to demographic information and driving history; perceptions about the safety culture/climate of the company; fatalism; traffic risk perception; road safety attitudes; and driving behaviors. The results showed that being a truck driver compared to being a tanker driver was positively related to driving violations, while commitment to the management safety was negatively related to driving violations. On the other hand, safe attitudes towards speeding were negatively related to driving errors/lapses. Fatalism was positively related to both driving violations and errors/lapses. Also, compared to tanker drivers, truck drivers reported more violations and errors/lapses, a lower traffic risk perception and higher fatalism. Implications for the safety of professional drivers working for oil companies are discussed.     

Does Homeownership Prolong the Duration of Unemployment?

We examine the effects of homeownership on individuals' unemployment durations. An unemployment spell can terminate with a job or with nonparticipation. The endogeneity of homeownership is addressed by estimating a full maximum likelihood function jointly modeling the competing hazards and the probability of being a homeowner. Unobserved factors contributing to the probability of being a homeowner are allowed to be correlated with unobservable heterogeneity in the hazard rates. Not controlling for ownership selection, there is neither a significant difference in the job‐finding hazard nor in the nonparticipation hazard of unemployed owners and renters. If we jointly model the ownership selection, we find that unemployed homeowners are more likely to find a job than renters.     

IFRS的强制趋同、盈余动机与应计及真实盈余操纵

本文运用我国2005年至2008年A股市场的数据,实证研究了新会计准则的实施、盈余动机与应计及真实盈余管理的关系。结果发现:与国际财务报告准则趋同的新准则强制实施以后,公司的应计盈余管理空间扩大了,公司的真实盈余管理也明显地增加了,其中应计盈余管理空间的扩大可能是由于会计稳健的结果;公司为满足盈余管理的各种动机需要,会灵活地同时使用应计与真实盈余管理来协调互补地达到恰当调节利润的目的;除了股票增发(Zengfa)动机以外,其余各种动机在一定程度上都利用了新会计准则的强制实施来进行应计或各种真实盈余管理,以达到操纵利润的目的。     

创业导向下国外团队簇及管理研究综述

基于CiteSpace的文献共被引分析表明，虽然国外针对团队簇及其管理的研究尚未形成统一的理论框架，但团队簇的多边界协作、群体导向介入、网络影响特性、新合作效应及容量等问题正在成为主要研究方向与热点。据此，关注团队簇层面松散协作关系下的创业生态与创新网络嵌入管理难题，在探讨创新创业交互属性并评述现有成果的基础上，凝练出团队簇管理概念与特征，对应研究热点，归纳团队簇管理在多元创新情景响应、考虑分散协作的社群决策技术创新、考虑动态有效性的协同演化机制、考虑知识生产的创新效能扩散机理等方面的解析评价要点。该研究能够为创业导向下的初创企业及创业化组织变革、创业协同管理实践提供理论参考，通过进一步探索热点问题的解析评价方法与整体研究框架，丰富与扩展团队管理、创新管理与组织变革等理论基础。     

盈余管理寻租的博弈分析与治理

本文通过静态模型和两阶段动态博弈模型,从上市公司和注册会计师两方分析了盈余管理的寻租条件与合谋寻租本质,并提出了相应的治理建议。     

The impact of incentives on the intention to try a new technology

Persuading users to try new technologies continues to be a problem confronting organisations and technology vendors alike. To better understand the process of new technology trial and adoption, several theoretical models have been proposed, of which the Technology Acceptance Model has gained significant support. However, research concerning tangible extrinsic rewards has not been explored. The primary goal of this research is to study the impact of tangible extrinsic rewards on various aspects of an intention to engage in an initial trial of a new technology. The theoretical model was tested on 284 students as subjects in a trial of a new technology. Results suggest that such incentives may be effective in increasing the behavioural intention to try a new technology. Results also identify that when incentives are provided, perceived ease of use and usefulness are the primary drivers towards intentions to try a new technology.     

Ethnic externalities in education and second-generation immigrants

I analyse the role of ethnic and native human capital – defined, respectively, as the average years of schooling of ethnic groups and of natives within a specific region – and of ethnic concentrations in the educational attainment of second-generation immigrants in Germany. Compared to natives’ children, parents’ education has a small and insignificant effect on second-generation immigrants’ education. Ethnic concentrations have a negative effect, while ethnic capital is insignificant. The effect of native capital, too, is insignificant but much larger in magnitude than the effect of ethnic capital. For women, mother’s education is relatively more important. For men, ethnic concentrations constitute a stronger impediment to educational attainment than for women.