敦煌种业财务绩效评价研究

选择以农业上市公司敦煌种业为研究对象,以企业2014—2019年的报表数据为基础,采用功效系数法并以国务院国资委所编写的《企业绩效评价标准值》中国有企业绩效评价体系作为参考,构建对农业企业的财务指标评价体系,对敦煌种业2014-2019年企业财务指标的表现进行纵向分析,选择同行业中营业收入水平较高的北大荒进行横向对比,通过对比发现敦煌种业的问题主要体现在盈利能力和资产质量方面,对此提出了改进措施及建议。     

上市园林公司社会责任与财务绩效的关系研究

从利益相关者角度出发,以17家上市园林公司2015-2018年的数据作为研究样本,从股东、债权人、员工、客户、供应商和政府六个方面实证分析了上市园林公司履行社会责任对财务绩效的影响。研究结果表明,上市园林公司社会责任对财务绩效有促进作用,即上市园林公司履行社会责任能够提高公司的财务绩效。     

上市公司内部审计独立性的现状分析

独立性是内部审计的灵魂,是决定内部审计职能能否得到充分发挥和内部审计目标能否实现的关键因素。目前,我国上市公司内部审计部门主要隶属于董事会、审计委员会和总经理,并且隶属于审计委员会已经成为主流态势,独立性较高。内部审计独立性因上市公司的财务状况、控制人性质、所处行业、所在地区不同呈现出较为明显的差异。     

O comportamento dos custos das empresas brasileiras listadas na BM&FBOVESPA entre 1994 e 2011 com ênfase nos sticky costs

By an accurate survey, this study aims to analyze how costs behave brazilian companies listed on the BM&FBOVESPA between years of 1994 and 2011. In order to do this, diverse economic and financial information available in the form of reports was gathered, but which has not yet gone through any statistical analysis, for a longitudinal analysis that includes a period of 18 years. The results are presented in two axes, in which the first one indicates costs behavioral tendencies and the second one analyzes their symmetry. The results showed that the Cost of Goods Sold (CPV, for Portuguese) presents a strong declining trend; Expenses Sales are directly related to the area (essential goods or monopoly, for example); Administrative Expenses have a slight declining trend. In relation to sticky costs, when performing an overview with the companies studied, the theory proposed by Anderson, Banker and Janakiraman (2003) is partially applied, since, for varying levels of revenue up to 10% the asymmetry is confirmed.     

The Informational Role of Short Sellers: The Evidence from Short Sellers’ Reports on US‐Listed Chinese Firms

Using US‐listed Chinese firms as the setting, this paper studies a novel channel through which investors can acquire information about firms’ financial reporting quality, that is, the reports published voluntarily by short sellers. I find that short sellers tend to target firms that have financial reporting red flags and that exhibit ‘good’ operating performance and stock valuations. Targeted firms experience an average three‐day cumulative abnormal return (CAR) of ?6.4%, and ?13.6% for initial coverage of the firm, and the CARs are more negative when the reports allege more severe misconduct of the firms. Non‐targeted firms also experience losses in value following short seller reports, especially when they hire the same non‐Big 4 auditors as targeted firms and when their earnings quality is poor. In comparison, analysts fail to perform proper due diligence and are much less effective than short sellers in exposing misreporting risk in Chinese firms.     

西北地区上市公司财务危机预警模型问题研究

西北地区作为民族聚居区,其战略地位日益显现,但本地区股票市场发展的规模、水平与其地位很不相称。目前制约其发展突出的问题是缺乏定量分析,为此采集和选取了近几年西北地区76家上市公司核心财务指标,以Logistic模型为基础,建立财务预警模型,并对影响公司预亏的核心指标从经济学和财务学的角度给出了降低公司来年预亏可能性的指导性建议。为了克服部分指标间的相关性对分析结果的影响,并使预警模型更趋合理,又进一步以公司预亏前两年各指标的综合值为基础,建立了以显著的主成分指标为回归变量的财务预警的Logistic模型,以期为本区上市公司提供一种及早发现、预防、分散和化解财务风险的参考依据,并为投资者提供较为合理的投资预期分析工具。     

国有上市公司经营者报酬的影响因素分析

国有上市公司经营者报酬受公司绩效、公司规模、行业和地区等因素的影响。公司绩效、规模对经营者现金报酬有显著的正影响,对经营者持股比例虽有影响但并不显著,公司所在行业和地区因素影响经营者报酬水平。     

论触电人身损害赔偿的法律适用

从不同的角度,触电人身损害赔偿案件有不同分类。不同类型的案件,法律适用原则不同。审理触电人身损害赔偿案件应认真梳理案件的法律关系,采用正确的侵权归责原则,公正、合法地追究当事人的责任。     

定向增发热潮背后的我国上市公司股权融资偏好研究

近年来,定向增发成为我国上市公司最为青睐的股权再融资方式,其主要原因在于定向增发为上市公司控股股东提供了更为便利的攫取控制权收益的渠道,并带来了实现无风险套利的机会,这使上市公司股权融资偏好问题体现的更为突出。     

中国医药上市企业公司治理结构与企业绩效关系的实证研究

选择了2007—2009年中国A股医药上市企业为研究样本,对中国医药上市企业公司治理结构与企业绩效的关系进行了实证研究。研究结果表明,中国医药企业公司治理结构与企业绩效之间存在着密切的关系,但同时也发现医药上市企业的董事会和监事会对提升企业绩效并没有充分发挥其应有的监督作用,管理层的激励机制也有待进一步改善。