Labor Unemployment Concern and Corporate Discretionary Disclosure

We investigate how firms strategically vary their disclosure policies in response to labor unemployment concern. Using changes in state unemployment insurance laws as exogenous variations of labor unemployment concern, we show that firms provide more bad news forecasts when unemployment concern is low. This relation is stronger when firms are financially constrained, when CEOs and CFOs have higher equity incentives, and when workers are likely to be affected more by unemployment. Our findings are not driven by earnings management reversal or underlying performance changes, and are robust to a battery of identification tests. Finally, we find a similar effect of unemployment concern on disclosure using the tone of 10‐K and 10‐Q filings as an alternative proxy for corporate disclosure. Overall, our findings suggest that labor unemployment concern is an important consideration for corporate discretionary disclosure.     

The Impact of Foreign Banks on Monetary Policy Transmission During the Global Financial Crisis of 2008–2009: Evidence from Korea

This article examines the impact of foreign banks on the monetary policy transmission mechanism in the Korean economy during the period from 2000 to 2012, with a specific focus on the lending behavior of banks with different types of ownership. Using bank-level panel data of the banking system in Korea, we present consistent evidence on the buffering impact that the foreign banks, especially foreign bank branches including US bank branches, on the effectiveness of the monetary policy transmission mechanism in Korea from the bank-lending channel perspective during the global financial crisis of 2008–2009.     

高职财经类特色专业建设中专业定位的探讨

在高职财经类特色专业建设中，专业定位至关重要。通过分析目前高职财经类专业定位上存在的问题，提出了高职财经类专业定位的原则和途径。认为高职财经类特色专业适宜于“宽口径，窄定位”，关键是核心岗位要明确，并根据市场变化适时调整。     

The impact of the global financial crisis on the cross-currency linkage of LIBOR–OIS spreads

This article examines the impact of global financial crisis on cross-currency linkage of the LIBOR–OIS spread, a financial stress measure in interbank markets. The impulse response analysis is conducted in a multivariate setting, adopting the bias-corrected bootstrap as a means of statistical inference. The overall evidence suggests that the crisis has substantially changed the nature of the cross-currency interactions in liquidity stress. Also global money markets have failed to contain stress in US dollar funding and the role of the Japanese yen as a liquidity source appears to be significant, while these two currencies drive the cross-currency system of liquidity stress.     

浅谈中央空调循环水系统水处理的重要性和必要性

中央空调循环水处理是通过中央空调的循环水系统来实现的,这样的水处理之所以重要主要是因为没有经处理的水会使管道腐蚀、结垢等,使得设备的使用寿命大大缩短。     

区域性金融服务产业集群的价值实现研究

区域性金融服务产业集群已经成为现代金融产业组织的基本形式之一,是区域经济发展的重要推动力量,实现其社会经济价值是其发展的应有之义。在界定金融服务产业集群概念的基础上,运用价值链理论,分析了金融服务产业集群的价值系统,构建了其价值链模型,并提出了区域性金融服务产业集群的价值实现途径。     

突出《债权法》教学的特色,提高法学专业本科人才的法律应用能力

通过阐述《债权法》课程性质、目的与任务,提出《债权法》课程在法学专业本科人才培养过程中的地位、作用,以及债权法的教学内容与基本要求,突出课程的教学特色和教学方法的创新,以达到提高学生知识应用能力的目标,提高法学专业本科人才的法律应用能力。     

浅谈外墙保温体系面层裂缝产生原因及其控制措施

本文对外墙保温体系面层裂缝产生原因进行了系统的分析;提出了外墙外保温的抗裂机理以及控制措施;并对外墙外保温提出了相应的建议。     

论和谐高校图书馆建设的路径

和谐高校图书馆建设意义重大。要准确全面把握和谐高校图书馆的内涵和特征,采取有效的措施把高校图书馆建成和谐的图书馆,为建设我国的社会主义和谐社会做出应有的贡献。     

Regional differences in a national culture and their effects on leadership effectiveness: A tale of two neighboring Chinese cities

We argue that regional differences in a large culture influence leadership effectiveness. Studying the differences and their consequences on leader–member exchange (LMX) and the employee performances in two neighboring Chinese cities, our empirical results show significant differences between group supervisors in Hong Kong and those in Shenzhen. Hong Kong supervisors apply the LMX technique more aggressively, and also more successfully than their Shenzhen counterparts in terms of improving employee performance and reducing turnover.