审计重要性标准习惯性表述的分析与改进

长期以来,在我国的审计实务中,习惯使用重要性水平作为重要性的标准,并将重要性水平的量化标准等同于允许财务报告错报金额.这种表述与审计重要性概念中的重要性含义存在逻辑上的不一致.本文对这种不一致进行分析并提出了改进建议.     

论财务目标与公司治理目标的关系

通过目前较流行的“股东至上”治理模式和“共同治理”模式的比较,我们认为“共同治理”模式将逐渐替代“股东至上”模式。“共同治理”模式决定公司治理目标与财务目标——企业价值最大化。同时,企业的财务目标与公司治理目标在同一治理模式下存在一致性。     

Synthesis of strategies in post-COVID-19 public sector supply chains under an intuitionistic fuzzy environment

Entities in public sector supply chains (SCs) often operate independently despite having interdependent objectives. Such a fragmented operational design poses several problems magnified by the presence of necessary public health measures fueled by COVID-19. This work contributes to the domain literature by introducing an overarching framework for synthesizing strategies in public sector SCs. The underlying component is the translation of information from the upstream to the downstream entities of the SCs, which is carried out by a Kano-enhanced quality function deployment. The proposed framework introduces intuitionistic fuzzy (IF) decision maps with the aid of the full consistency method to incorporate inherent interrelationships among strategies in the translation agenda. Under an IF environment that better captures judgment uncertainties, an actual case study of a multi-level public sector SC motivated by a government-funded project under the COVID-19 pandemic is demonstrated in this work. Findings of the case suggest that the government prioritizes meeting all project objectives. This requirement is reflected in the downstream SC. The project planning entity focuses on creating an overarching plan of operations, material request entity on complying with government procurement protocols, and maintaining public health and safety in operations for the procurement entity. Results show the effective synthesis of strategies across the SC, ensuring SC integration and collaboration. The case study demonstrates that maintaining public health and safety is a significant component of post-COVID-19 public sector SCs. Several practical insights on the synthesis of public sector SC strategies are also provided in this work.     

Investment subsidies and redistributive capital income taxation in a neoclassical growth model

How do investment subsidies bear on pure redistribution when coupled with capital income taxes? In a heterogeneous agent, neoclassical growth framework it is found that on impact, with no optimizing behavior, investment subsidies are good for growth but bad for redistribution. The opposite holds for capital income taxes. But when the government acts as a Stackelberg leader vis-à-vis the private sector (the follower), the optimal feedback policy is by construction time-consistent and implies that in a long-run optimum the tax scheme does not distort accumulation. This holds regardless of social preferences. For the feedback Stackelberg equilibrium I find that (pure) redistribution can go either way and capital income taxes are nonzero in the long-run, time-consistent optimum, depending on the social weight of those who receive redistributive transfers, the distribution of pretax factor incomes, and the intertemporal elasticity of substitution. It is argued that investment subsidies may be an important indirect tool for redistribution, and may allow for the separation of “efficiency” and “equity” concerns.     

Threshold estimation for continuous three-phase polynomial regression models with constant mean in the middle regime

This paper considers a continuous three-phase polynomial regression model with two threshold points for dependent data with heteroscedasticity. We assume the model is polynomial of order zero in the middle regime, and is polynomial of higher orders elsewhere. We denote this model by ${ℳ}_2$, which includes models with one or no threshold points, denoted by ${ℳ}_1$ and ${ℳ}_0$, respectively, as special cases. We provide an ordered iterative least squares (OiLS) method when estimating ${ℳ}_2$ and establish the consistency of the OiLS estimators under mild conditions. When the underlying model is ${ℳ}_1$ and is $(d_0-1)$th-order differentiable but not $d_0$th-order differentiable at the threshold point, we further show the $O_p(N^{-1/(d_0+2)})$ convergence rate of the OiLS estimators, which can be faster than the $O_p(N^{-1/(2d_0)})$ convergence rate given in Feder when $d_0\ge 3$. We also apply a model-selection procedure for selecting ${ℳ}_{\kappa }$; $\kappa =0,1,2$. When the underlying model exists, we establish the selection consistency under the aforementioned conditions. Finally, we conduct simulation experiments to demonstrate the finite-sample performance of our asymptotic results.     

In search of the roots of corporate reputation management: Being a consistent corporate social performer

Corporate social performance (CSP) has received a particularly high share of attention as one of the main determinants of corporate reputation. However, few studies have tested the extent to which the relationship between CSP and corporate reputation may be affected by industry, country, or other context-related variables. Besides, some conceptual thinking suggests that the impact of CSP on corporate reputation may vary according to the level of consistency of a firm's behaviors. However, this view has not been empirically addressed. For this reason, the main objective of this study is to explore the impact of consistency in CSP management on corporate reputation. Specifically, we analyze both the effect of CSP internal consistency (or consistency between environmental and social performance) and CSP consistency over time on corporate reputation. The results based on data from an international sample of 133 companies for the period 2011 to 2016, support either CSP internal consistency or CSP consistency over time (positive increment of CSP over time) positively affecting corporate reputation. The results also confirm the moderation effect of CSP internal consistency on the relationship between CSP and corporate reputation. These results reveal that consistency in social responsibility management helps a firm to consolidate its corporate reputation.     

我国非物质文化遗产保护政策评价研究——基于PMC指数模型

对非物质文化遗产保护政策评价的研究，在为非物质文化遗产保护政策研究贡献微薄之力的同时，也将对我国非物质文化遗产保护实践提供一定借鉴。结合非物质文化遗产保护政策的特点，构建非物质文化遗产保护政策评价体系，包括9个一级指标和52个二级指标。实证分析结果表明：我国非物质文化遗产保护政策整体而言是科学有效的,5项政策为良好，2项政策为中等，大部分政策处于良好水平;7项政策在政策性质、政策时效、政策领域、政策客体、政策工具和政策评价6个方面优势明显;我国非物质文化遗产保护政策总体上是合理的，但仍有改进的空间。建议增强补短，提高政策的整体效力，重点关注效力位阶、发布机构、政策内容等方面。     

Understanding the omnichannel customer journey: The effect of online and offline channel interactivity on consumer value co-creation behavior

Building on the service dominant logic, this study explores the effect of online and offline channel interactivity on consumers’ value co-creation behavior (VCB), the mediating effect of brand involvement, and the moderating effect of cross-channel consistency (CCC). We surveyed 387 customers who engage in omnichannel shopping. The relationship between online and offline channel interactivity and VCB was positive and partially mediated by brand involvement. The interaction effect of online channel interactivity (ONI) and offline channel interactivity (OFI) had a negative effect on brand involvement when CCC was low but a non-significant positive effect when CCC was high. These findings enrich the theoretical understanding of value co-creation and provide insights into omnichannel management.