Incentives for voluntary disclosure

Rule l0b-5 of the 1934 Securities and Exchange Act allows investors to sue firms for misrepresentation or omission. Since firms are principal–agent contracts between owners – contract designers – and privately informed managers, owners are the ultimate firms’ voluntary disclosure strategists. We analyze voluntary disclosure equilibrium in a game with two types of owners: expected liquidating dividends motivated (VMO) and expected price motivated (PMO). We find that Rule l0b-5: (i) does not deter misrepresentation and may suppress voluntary disclosure or, (ii) induces some firms to adopt a partial disclosure policy of disclosing only bad news or only good news.     

构建农村和谐社会的思考

构建农村和谐社会,应当树立正确的农民增收观,促进农民持续快速增收,缩小城乡差别;加快农地产权制度改革,解决农地矛盾和纠纷;加快农村基层组织制度和县乡行政改革,解决农村干群矛盾;加快农村教育发展,改进农村教育质量,提高农民素质;加大再造秀美山川工程监管力度,消除工作中存在的不实、不公等因素;加快农村社会保障制度建设,消除农民的后顾之忧.     

滨海新区研发与转化基地建设中的科技中介服务体系构建

国内外科技园区的发展实践证明,科技中介服务体系的建立与完善是研发与转化基地建设必不可少的重要基础和支撑。本文结合滨海新区的实际,对滨海新区研发与转化基地建设中的科技中介服务体系的目标定位、结构设计以及高效运行的保障措施进行了重点探讨。     

Trade-offs in sulfur emission trading in Europe

How to implement emission trading is one question in the current negotiations on a new sulfur protocol in Europe. Whereas the current protocol stipulates a 30 percent uniform reduction, national emission ceilings included in the proposed new protocol imply differentiated reductions. In addition, emission and fuel standards are proposed. This paper examines the costs and environmental impacts of emission trading. Emission trading combined with regulations is a new element in the paper. Calculations using the RAINS (Regional Acidification INformation and Simulation) model suggest that overlaying emission trading on regulations not only reduces the cost savings but has beneficial impacts as well: ecosystem protection is not changed and significant decreases in environmental benefits for countries are largely avoided. Emission trading can also be used to decrease emissions and increase ecosystem protection. If combined with existing legislation, emission trading minimizes losses in expected environmental benefits for some countries, and most countries gain. However, the initial distribution of emission ceilings has to be used so that some countries are not confronted with higher costs. Trade-offs appear to exist between the use of emission trading to achieve cost savings on the one hand, and ecosystem protection and distributional equity on the other.     

Disciplining: A question of ethics?

The importance of evaluating a discipline system from an ethical perspective is considered. Disciplinary practices in contemporary organizations are frequently characterized by managers having to choose from among alternative courses of corrective action. Since the selected alternative may have serious consequences for the individuals involved, its rightness or wrongness is of concern. The pattern of these choices reflects the overall disciplinary practice of the organization, and is an issue that warrants attention from an ethical perspective. Basic schools of thought that influence contemporary discipline practices are discussed and suggestions are made for conducting an evaluation of the ethical nature of a discipline system.     

我国内部控制规范建设历程及现实思考

本文从我国内部控制规范建设历程的回顾入手,总结出我国在内部控制规范建设方面的特点,进而结合我国的现实情况提出在借鉴国际先进经验,尽快完善内部控制规范体系的基础上进一步优化内部控制环境,推进内部控制规范的实施的建议。     

The Dynamic Production Axioms and System Dynamics Behaviors: The Foundation for Future Integration

Realistically, organizational and/or system performance is dynamic and non-linear. However, in the efficiency literature, system performance is frequently evaluated considering linear combinations of the input/output variables and without explicitly taking into account the causes of efficiency behavior nor the dynamic behavior of systems. Policy decisions based on these results may be sub-optimized because the non-linear relationships among variables, causal relationships, and feedback mechanisms are ignored.This research takes the initial step of evaluating system performance in a dynamic environment, by relating the factors that effect system performance to the policies that govern it. To accomplish this, this paper extends the concepts of the static production axioms into a dynamic realm, where inputs are not instantaneously converted into outputs. The relationships of these new dynamic production axioms to the basic behaviors associated with system dynamics structures are explored.     

基于战略性的全面人力资源管理信息系统的开发与应用

分析企业人力资源管理信息化现状,提出基于战略性的现代人力资源管理的5P模式;并在此基础上设计与开发了人力资源管理信息系统,用于企业实际,提高了企业人力资源管理水平。     

基于合作关系的供应链信息共享模式研究

首先研究了供应链上下游合作伙伴间信息共享博弈情况，并分析了影响信息共享的障碍因素。然后，从合作伙伴合作关系的视角探讨了供成链中合作伙伴的类型及合作目的，最后以此为基础构建出供应链合作伙伴的信息共事模式及技术支撑体系。     

整合产品服务系统——实现循环经济的新途径

整合产品服务系统(IPSS)是一种社会组织创新战略,通过将目前仅生产和销售有形产品的相互分离的工业生产与服务体系有机地整合,以比传统生产和消费模式更低的环境代价,有效满足顾客需求。作为对传统商业模式的革命性变革,整合产品服务系统是促进可持续发展和循环经济的有效手段和必由之路。本文讨论其产生的背景,给出其定义和理论框架,介绍其发展历程,以便为我国发展循环经济提供借鉴。