A longitudinal study of the interplay of corporate collapse,accounting failure and governance change in Australia: Early 1890s to early 2000s

The “surprise” element of many corporate failures during calamitous periods typically results in criticisms of accountants and auditors and their principles, practices and standards and typically leads to governance reforms including those related to the preparation and audit of corporate financial reports. Set in Australia, this historical study presents the results of an examination of four rounds of heavy and unexpected corporate collapses across a number of sectors which occurred in the early 1890s, early 1960s, late 1980s/early 1990s and the early 2000s. The longitudinal study examines the interplay of corporate collapse, accounting failure and governance change within these periods and seeks to elucidate the continued implication of accounting in corporate scandals despite the governance reforms that were introduced after each calamitous period in order to alleviate or curtail future failures. The study applies an investigatory framework for analysis purposes which draws upon Clarke, 2004, Clarke, 2007 perspective on cycles of crisis and regulation, Jones's (2011a) model of the potential for accounting failure and the scholarly literature on legal conceptions of rule effectiveness.     

Finland’s great depression of the 1990s: Lessons about financial reform based on econometric macro evidence

The paper re‐examines the Finnish Great Depression of the 1990s, based on an open macro model, with specific dummy variables to identify the initial effects of liberalized financial markets and capital mobility, and of the Russian trade collapse. It is shown that the explosive credit expansion resulting from the simultaneous liberalization of the financial markets and international capital movements in 1986 has played the most important role in explaining the uncontrolled growth and the subsequent depression in 1989 in real economic activity in Finland. Their effects were strengthened by a vicious circle between the financial and asset markets. The Russian trade collapse in 1991 had a smaller partial effect on economic activity than did any other explanatory variable. The results suggest that some of the present day problems in the euro area, especially those occurring post‐2008 in the “Club Med” countries, are very alarming. In many cases, they are results of expansionary policies based on unsustainable capital imports, made possible by the introduction of the euro, and the consequences resemble in many ways those during the 1990s Great Depression period in Finland.     

Textual sentiment of comments and collapse of P2P platforms: Evidence from China's P2P market

Textual sentiment affects the investment activities of investors in traditional financial markets. Peer-to-Peer (P2P) lending market, as one of the emerging and active Internet financial markets, has recently received considerable attention from academia. However, few related studies are available. This work examines the relationship between the textual sentiment derived from investors’ comments on P2P platforms and probability of platform collapse. We collect comments from an authoritative Chinese third-party P2P lending consulting platform and use a weakly supervised convolutional neural network to calculate the textual sentiment of each comment. Empirical results show that the extracted textual sentiment has a significant influence on a P2P platform's collapse. Furthermore, the “agreement” and “disagreement” from other investors of each comment are pivotal in predicting a P2P platform's failure. We find that the textual sentiment of comments regarding P2P platforms from investor communities provide insights into predicting platforms’ collapse in the near future.     

混凝土浇筑质量问题的处理

为解决混凝土浇筑过程中出现泌水、离析,混凝土实体表面出现麻面、气孔、水纹等质量问题,在混凝土浇筑过程中运用系统控制理论,精心组织,合理布置施工方案。     

Upstairs/Downstairs in Technical Education: The Unsettling Effects of Computerization

The world of technical education is moving towards an information collapse. This situation entails an aggravation of the contradiction between the desire to deliver more information to engineering students and the limitation imposed by the actual time that can be devoted to this activity. This, in turn, results in extensive competition between the subjects being taught and the consequent downgrading of certain areas. The second-grade subjects, such as drawing, subjects providing empirical knowledge, and the teaching of ideas about how things work are being pushed into the background by modern, updated, computer-aided and computer-serving subjects. The negative results of this competition in terms of teaching time and the better use computerized technology education are considered in this paper.     

套管抗挤强度的可靠性评价方法

套管抗挤强度是衡量套管强度性能的一项重要指标.采用置信度与可靠性设计相结合的高精度小子样方法,对阿科公司统计的套管（7in,29ppf,L80-13Cr）抗挤强度的48个试验数据进行了分析,并与阿科公司的分析方法进行了比较.初步验证了这种方法,计算结果稳定,计算精度高,可获得比API名义值较大的合理的数值结果,使套管抗挤强度性能得到更加充分的利用,并节省试样,为合理评价套管的抗挤强度提供了理论和方法,起到了优化管柱节约成本的作用.     

山东省中部地区经济崛起的对策研究

改革开放以来,山东省实行非均衡的经济发展战略,尤其是山东省中部地区依托其丰富的自然资源,迅速发展起来,并为山东省的经济发展做出了突出贡献。但是近年来山东中部地区的经济发展明显放慢,出现了"塌陷"的现象,制约了山东省经济又好又快发展和由经济大省向经济强省转化的进度。本文通过对中部地区经济发展中出现的各种制约因素的综合分析,提出了实现经济崛起的对策建议。     

加强行政监管 杜绝楼市隐患——以上海“楼脆脆”的倒掉为例

2009年6月27日,上海一幢在建13层居民楼整体倒塌,引起了社会的广泛关注。从技术层面可分析因工作不到位而导致事故的诸多原因．从行政监管方面可发现其非天灾而是人祸的因素。建筑企业应以此事故为警示,加强行政管理部门对工程的监管,杜绝此类事故的再次发生。     

会计信息质量对股价崩盘风险的影响研究

本文以2017-2021年中国上市公司为研究样本,探究会计信息质量对公司股价崩盘风险的影响。研究发现会计信息质量越高,公司所面临的股价崩盘风险就越低。主要通过降低公司内部人与外部投资者之间的信息不对称程度,缓解了管理者对外隐瞒坏消息的倾向降低股价泡沫发生的可能性。从管理者代理的视角出发,发现管理费用越高,会计信息质量对股价崩盘风险的抑制作用越显著。     

"崩溃论"下看中国的统计数据

本文在着重介绍近年来中国的统计核算方法和统计调查制度改革的基础上,驳斥所谓的"中国经济崩溃论"。