股权质押对上市公司信息披露质量的影响研究

本文基于2015－2018年深交所A股主板上市公司样本,实证检验股权质押对上市公司信息披露质量的影响。研究发现：股权质押对上市公司信息披露质量具有负面影响。在股权质押背景下,国有企业相比于非国有企业的信息披露质量更高,同时规模大的公司比规模小的公司信息披露质量更高。针对以上研究结论,提出相关政策建议：一是加强外部监管,降低公司与投资者之间的信息不对称性;二是优化股权结构,加强公司内部中小股东对大股东的制衡作用;三是完善公司治理,公司控股股东在加强内控的同时有效激励公司管理层;四是保护非国有企业,制定有效政策以降低非国有企业融资困难的风险。     

The power of quality models: The example of the SIQ model for performance excellence

Most contemporary total quality management (TQM) practice is influenced, directly or indirectly, by structured, acontextual and standardized quality models. The present paper focuses on the strategic introduction of one such model, namely the Swedish Institute for Quality (SIQ) model for performance excellence, in a Swedish public-sector organization, which we refer to as ‘the Authority.’ We take our theoretical stance from Foucault's concept of ‘power/knowledge.’ In describing the case, we focus on the management team of one of the Authority's ten regions. Our analysis shows the members of the management team using the SIQ model to objectify both the organization and themselves as managers. However, contrary to many critical or managerial accounts, the SIQ model was not totalizing: management subjectivities changed but were not entirely reconstituted, and some resistance to them was generated by the members of the management team, in their role as professionals.     

How Much Tax Coordination in the European Union?

This paper examines the trade-offs between tax autonomy and fiscal neutrality that the Member States of the European Union face in coordinating their taxes on consumption, labor and capital. One of the main messages is that in many cases tax reform should precede tax harmonization, mainly because the costs of distortions within Member States may be greater than the gains from reducing intergovernmental tax competition.     

音乐与素质

音乐教育是素质教育的一个重要组成部分，音乐具备“育德”、“启智”、“冶情”、“保健”等功能。     

Monetary Union, institutions and financial market integration: Italy, 1862–1905

Years into the single currency, EMU financial markets are not fully integrated. We argue that the phenomenon can be better understood by looking at financial markets’ behavior in the wake of Italy’s monetary unification (1862). Variables such as the spread of the telegraph, trade volumes, and the diffusion of the ‘single currency’ fail to explain why it took 25 years for prices across regional stock exchanges to converge. A single Italian financial market appeared only when the State prevailed upon local vested interests by enforcing nation-wide financial market legislation.     

Exchange rate volatility and regime change: A Visegrad comparison

We analyze exchange rate volatility in the Visegrad Four countries during the period in which they abandoned tight regimes for more flexible ones. We account for path dependency, asymmetric shocks, and movements in interest rates. In addition, we allow for a generalized error distribution. The overall findings are that path-dependent volatility has a limited effect on exchange rate developments and that the introduction of floating regimes tends to increase exchange rate volatility. During the period of flexible regimes, volatility was mainly driven by surprises. Asymmetric effects of news tend to decrease volatility under the floating regime. Interest differentials impact exchange rate volatility contemporaneously under either regime, although we find no intertemporal effect of interest differentials. Journal of Comparative Economics 34 (4) (2006) 727–753.     

Why did a majority of French voters reject the European Constitution?

This article assesses the reasons that led a majority of French voters to reject the 29 October 2004 Treaty Establishing a Constitution for Europe. Their reasons are less connected with the Treaty itself than with a fear of loss of national sovereignty, immigration, and relocation of firms to European countries where the workforce is cheaper.     

第一次世界大战对陈独秀的影响

第一次世界大战对陈独秀产生了重要影响,使陈独秀从崇拜欧洲文明到逐步接受了马克思主义,并开始走上反帝反封建的道路。     

多元经济体制下我国会计人员管理模式探索

本文首先提出了我国多元经济体制下会计人员管理的模式是会计人员回归单位,强化政府监管、辅之行业自律;然后通过分析论述了采用该模式的理由,通过比较论述了该模式的优势;最后指出了其操作要求与配套措施。     

关于监理人员素质的思考

分析了监理人员应具备相应的业务素质、职业道德素质、身体素质，并指出了目前监理人员在其要求的素质方面存在的一些问题，提出了提高监理人员素质的几点想法。