The impact of reporting frequency on the information quality of share price: evidence from Chinese state-owned enterprises

As a major global exchange, the Stock Exchange of Hong Kong (SEHK) only requires semi-annual reporting whereas other major exchanges including the ones in Chinese mainland require quarterly reporting. We argue against the traditional view that higher reporting frequency is necessarily more beneficial. The decision on reporting frequency depends on how the information is being processed by the recipient traders and the results are not obvious. Using a sample of Chinese companies duallisted in both China A share market and SEHK (AH shares) as the experimental group and mainland’s companies listed on SEHK (H shares) only as the control group, we apply the difference-in-difference (DID) method to investigate the impacts of reporting frequency on stock information quality. The results suggest that after China A share market require quarterly financial reporting for all listed companies in 2002, the information asymmetry of the H tranche of AH stocks increases. Different from prior studies, the results suggest a negative association between stock information quality and financial reporting frequency. We argue that the increased information asymmetry in the H tranche is caused by the noise spilled over from the A tranche. We conduct multivariable GARCH tests and find evidence supporting this conjecture.     

成功的公司必须首先学会管理过程

在过去的50年里,质量工作者努力将质量体系应用于企业,政府和学术领域．但效果不尽如人意。尤其是．人们认为质量控制、全面质量控制,零缺陷和全面质量管理等方法都不奏效．六西格玛也趋于失效。     

哈林顿绩效改进专栏：知识管理使我们赢得机遇

如今，我们的经济环境以知识为基础。大多数组织的价值是由智能资本、而不是物质资产所决定的。惠普公司的瓦尔阜·卡那瓦斯基（Valery Kanavsky）指出：“现代企业的基础要素是知识。”所有组织都具有知识要素，但多数组织不了解、没有运用和重新使用其内部知识。在当今社会，知识就是力量，而力量促使组织走向成功。组织的失败、生存或成功取决于其运用知识的方式。     

The health care employee with an "attitude"

Health care managers may encounter employees who seem to have an "attitude." The employee may have a pattern of ingrained, inflexible, maladaptive responses to anxiety indicative of a personality disorder. When the employee has a pervasive sense of self-importance, is preoccupied with fantasies of unlimited success, and requires excessive admiration, a narcissistic personality disorder or traits may be present. Although this individual can cause havoc in the workplace, an alert manager who uses specific management techniques can enable the narcissistic employee to be productive and to be an asset in the work setting. This article provides a look at the etiology, symptoms, and management of the narcissistic employee. When the employee is willing to be assisted, the behavior can be modified and the necessary level of adaptation can occur. This can result in a more productive, less chaotic workplace.     

消费者真正渴望的是什么？

正如爱默生所说,真实是我们的元素。可以预见,在商业社会经历产品经济、服务经济和体验经济的发展阶段之后,以“提供真实”为根本诉求的真实经济将会很快流行开来     

Building a clinical ladder for ambulatory care

Finding innovative rewards for nursing service will be integral in meeting the challenges of future shortages of nursing staff. A clinical ladder is one tool worth exploring and perfecting to address those challenges. Exploration of a case study demonstrates a method for developing a clinical ladder. Steps and pitfalls in developing a clinical path are illustrated. Future uses, benefits, and opportunities for clinical ladders are suggested.     

A Comparison of EPI Sampling, Probability Sampling, and Compact Segment Sampling Methods for Micro and Small Enterprises

Finding an efficient method for sampling micro- and small-enterprises (MSEs) for research and statistical reporting purposes is a challenge in developing countries, where registries of MSEs are often nonexistent or outdated. This lack of a sampling frame creates an obstacle in finding a representative sample of MSEs. This study uses computer simulations to draw samples from a census of businesses and non-businesses in the Tshwane Municipality of South Africa, using three different sampling methods: the traditional probability sampling method, the compact segment sampling method, and the World Health Organization's Expanded Programme on Immunization (EPI) sampling method. Three mechanisms by which the methods could differ are tested, the proximity selection of respondents, the at-home selection of respondents, and the use of inaccurate probability weights. The results highlight the importance of revisits and accurate probability weights, but the lesser effect of proximity selection on the samples' statistical properties.     

Nurse shortage or nursing shortage: have we missed the real problem?

Many strategies have been used to solve the nurse shortage. The shortage of nurses has in many ways alerted us to the need to provide safe and efficient care using the latest technology. Nursing needs to adopt, refine, and use this technology so the impact of the nursing shortage is just another statistic and not a disruptive and costly threat to the public.