Emotions and the spatialisation of social relations in text‐based computer‐mediated communication

This paper advances our knowledge of emotions in virtual teams using text‐based computer‐mediated communication. The literature's preoccupation with the absence of physical cues of emotion has meant we lack both an understanding of how emotions are co‐constructed through interaction and an explanation of their role in the social relations of virtual teams. Adopting a communicative view of emotion, we present the findings of a longitudinal study of a virtual team within a transnational collaborative project. We present three aspects of interaction that demonstrate how team members' experience and understanding of the emotions expressed through, and suppressed from, text‐based messages are influenced by the styles and patterns of interaction enabled by technology. Where our three aspects tend towards stasis, we argue that emotion provides a temporal dimension to a process of ‘spatialising’ social relations by connoting what should change, or what should endure, between people.     

Trust,Owner Rights,Employee Rights and Firm Performance

This is a study of variations in trust relationships according to institutional setting. A wide body of comparative institutional literature within economics and finance engages with trust. However, as most of this literature uses macro‐level data and/or stylistic ideal types, it normally neglects intra‐firm trust. This paper redresses this lacuna by using both macro‐level data and comparative firm‐level evidence. We found that both country trust and firm trust increase firm performance, but that there is a trade‐off between the two as high levels of both reduce performance. Finally, both employee rights and investor rights are negatively correlated with country trust.     

当代资本主义国家劳资关系的变化及企业治理的新特点

在当代社会生产力发展尤其是知识经济和经济全球化的推动下,西方发达国家的生产关系和经济结构有了较大调整,劳资关系也随之发生了深刻变化.员工持股、参与式管理、分享经济、利益相关者治理、劳资合作与冲突管理等一系列新的经济现象在资本主义企业制度的框架内产生,并对资本主义制度的微观基础产生了重要影响.对此,应坚持马克思主义的方法,用辩证唯物主义和历史唯物主义观点来认识这些新现象和新问题,实事求是地加以具体分析.同时,也要重视研究资本主义发展的历史趋势,要看到资本主义本身所具有的开放性和自我调节能力以及不断容纳先进生产力的能力.资本主义向社会主义的过渡将是一个比原来的预测要漫长得多的历史过程.     

How Does Investor Sentiment Affect Stock Market Crises? Evidence from Panel Data

We test the impact of investor sentiment on a panel of international stock markets. Specifically, we examine the influence of investor sentiment on the probability of stock market crises. We find that investor sentiment increases the probability of occurrence of stock market crises within a one‐year horizon. The impact of investor sentiment on stock markets is more pronounced in countries that are culturally more prone to herd‐like behavior, overreaction and low institutional involvement.     

Web2.0环境下企业网络公关策略研究

在信息时代,企业的公关活动已经不能局必须直面来自互联网上的新兴媒体力量.Web2.0时代,企业公关活动挑战和机遇并重.通过Web2.0平台,企业能够极大的提升自己的口碑,同样也有可能遭遇自己前所未有的危机.本文针对Web2.0,特别是CGM媒体环境的发展和应用图景进行描述,对未来Web2.0将会主导媒体的大环境预言,在...     

Can Companies Influence Investor Behaviour through Advertising? Super Bowl Commercials and Stock Returns

Recent research shows that mood and attention may affect investors’ choices. In this paper we examine whether companies can create such mood and attention effects through advertising. We choose a natural experiment by investigating price reactions and trading activity for firms employing TV commercials in 19 Super Bowl broadcasts over the 1969–2001 period. We find significant positive abnormal returns for firms which are readily identifiable from the ad contents, which is consistent with the presence of mood and attention effects. For recognisable companies with the number of ads greater than the sample mean, the event is followed by an average abnormal one day return of 45 basis points. The effect appears to persist in the short term with the 20‐day post‐event cumulative abnormal returns for such firms averaging 2%. We find significant abnormal net buying activity for small trades in shares of recognised Super Bowl advertisers indicating that small investors tend to be the ones most attracted by the increased publicity.     

机构投资者对公司治理的作用

随着经济的日益发展,机构投资者在完善上市公司治理中的作用日渐重要。机构投资者在监督、制衡管理层的决策与经营中能更有效地发挥作用。因此我国应积极创造有利条件促进机构投资者的发展以完善公司治理。     

The Importance of Account Relations when Responding to Interim Audit Testing Results*

Auditors are expected to plan and adapt audit programs in response to changes in risk associated with each client. Results in the existing research have been mixed regarding whether auditors respond to changes in risk. Two possible explanations for the lack of responsiveness to changes in risk found in the existing research are that auditors succumb to profit pressure, and that researchers only analyze responses in the risky accounts without considering related accounts. This paper experimentally tests how auditors respond to changes in risk of material misstatement identified by means of interim audit testing results. The response to changes in risk of material misstatement is analyzed using planned audit hours across related financial statement accounts and at varying levels of profit pressure. Results indicate the following primary findings: (a) auditors respond to changes in risk of material misstatement by increasing planned audit hours in accounts related to the risky account, and (b) profit pressure does not affect the auditor's response to changes in risk. These results indicate that the relations between accounts must be considered in order to identify the auditors' response to changes in risk of material misstatement. In addition, the results are consistent with audit firms decreasing the emphasis on profit pressure due to the current importance that the market places on audit quality.     

Tactics of Labor Struggles

Some actions by employers have the potential to generate outrage due to perceived injustice or abuse. Employers have five main methods to inhibit such outrage: covering up the action, demonizing the workers, reinterpreting what is happening, referring the matter to official channels that give only the appearance of justice, and using intimidation and bribery. Examples from Australian labor struggles are used to illustrate these tactics and how they can be opposed.