The initiation of audit committee interlocks and the contagion of accounting policy choices: evidence from special items

Review of Accounting Studies - We document that the initiation of audit committee interlocks is associated with contagion in reported special items. We argue that this is, in part, attributable to...     

社会保障基金运行中的道德风险及防范

随着我国社会保障基金规模的扩大,在其运行中存在着的道德风险问题也日益凸显,主要表现为政府挤占挪用,保障机构违规操作,冒领、骗领社会保障基金等行为增多。为有效防范社保基金运行中的道德风险,应加速构建以自治为核心,监治为约束,法制为保障的高效风险的抗衡体系,以此遏止社会保障基金运行中道德风险的滋生与蔓延。     

基于高校就业指导战略目标定位的思考

教育部将就业率作为高校办学工作的重要考核指标,加之大学生就业难的事实,高校为了生存不得不将就业率摆在就业指导目标的首位。然而如此运作以来,频现急功近利、投机取巧之乱象,那么,高校就业指导究竟何去何从,才能有效突破就业及就业率的瓶颈,进而形成可持续的良性发展格局,最终实现学生、学校和政府的共赢?本文试图从国际化大视野角度,依据经典案例,通过对社会上宽口径企业的用人之道及用人价值取向研究,结合国内相关学校的宝贵思想理念和实践,提出并解析踏踏实实育人才是就业指导战略目标的根本。     

试论高校实验室废弃物污染的现状与防治措施

长期以来高校实验室废弃物污染问题一直没有受到足够的重视,多数废弃物直接排放,对环境构成潜在威胁,或已严重污染环境,高校实验室废弃物污染的防治刻不容缓。针对高校实验室废弃物污染的现状,分析了造成废弃物污染的主要因素,提出了废弃物污染的主要防治措施。     

客户关系管理在开放教育学员管理中的应用——以深圳沙头角电视大学为例

将市场营销中客户关系管理理念引入开放教育学员管理,在开放教育办学中表现为学员关系管理,是一次管理理念与实际业务有机结合的尝试。通过学员关系管理的实施,来完善对学员需求的快速互动的组织形式,规范以学员服务为核心的工作流程,建立学员驱动的服务设计,进而培养学员的信任度、忠诚度和满意度。     

浅谈高职院校实践教学改革

教学改革是提高学校教学质量和培养人才的重要因素之一,所以我们必须加强和落实教学改革这一重要环节。本文指出了教学改革的指导思想和目标,明确了加强实践教学是当前教学改革的重大问题,分析了实践教学中存在问题并提出了解决问题对策。     

Earnings Warnings and CEO Welfare

Some CEOs decide voluntarily to issue a warning when they expect a negative earnings surprise. Prior research suggests that warnings contain incremental information beyond actual earnings; warning firms tend to experience permanent earnings decreases. This paper investigates whether compensation committees take warnings into account in setting CEO compensation. We find that warnings are significantly negatively (positively) associated with CEO bonus (option grants), suggesting that compensation committees adjust CEO compensation towards a more high‐powered structure after warnings. However, the sensitivity of bonus or option grants to earnings and stock returns is not affected except for bonus sensitivity to stock returns. We also find weak evidence of an increase in forced CEO turnover after warnings, accompanied by a significant increase in its sensitivity to stock returns. This benefits CEOs with higher ability but imposes more risk on other CEOs. These findings provide a partial explanation of why not every CEO facing a negative surprise decides to issue a warning. Our results are robust to various specifications. In particular, the impact of warnings on compensation appears invariant to the timing or the number of warnings. Overall, these findings suggest that the signal from warnings is used in determining CEO compensation and retention.     

Can the earnings fixation hypothesis explain the accrual anomaly?

This paper provides empirical evidence on whether the earnings fixation hypothesis can explain the accrual anomaly originally documented in Sloan (1996). Our analytical model yields the prediction that, if investors fixate on reported earnings, the effectiveness of the accrual strategy will increase in the responsiveness of the stock price to earnings and the differential persistence of cash flows relative to accruals. Our empirical evidence confirms our prediction and lends support to the earnings fixation hypothesis.     

堆积层滑坡物理力学参数改造及其稳定性控制研究

本文运用动力固结法对滑坡土体物理力学参数进行改造,得出不同物理力学参数与稳定系数的关系。滑坡的稳定系数在含水率在10-15%时达到最大值。因此滑坡防治时,在含水量为10-15%时,取不同物理力学参数值,进行防治优化。防治的重点在于在滑坡上寻求某个防治区域,即满足滑坡的稳定性的要求,又要使治理滑坡的费用最小。综合多方面考虑,控制滑坡含水量在14.44%时,强夯三次剪出口位置能满足要求。