A Structural Model to Examine How Destination Image,Attitude, and Motivation Affect the Future Behavior of Tourists

This study examines a behavioral model of wetlands tourism using variables of destination image, attitude, motivation, satisfaction and future behavior for tourists at Cigu, Sihcao and Haomeiliao in southwestern Taiwan. Empirical results indicate that destination image directly affects satisfaction and indirectly affects future behavior. Tourist attitude directly affects satisfaction and indirectly affects future behavior, while tourist motivation directly affects satisfaction and indirectly affects future behavior. Tourist satisfaction had a significant influence on future behavior, and satisfaction proved a significant mediating variable within this behavioral model.     

Urban recreation research: An overview

Despite the fact that the population of the United States ha shifted from largely rural to largely urban in this century, the commitment to research in recreation, inadequate as it is, has remained in the hinterlands. There is no critical mass of recreation researchers focusing on urban recreation as there now is focused on outdoor recreation. Urban recreation studies have been noncumulative in nature due to the wide range their sponsors, staff, substantive topics, lack of generalizability, and inevitable tensions between practitioners and researchers. Ironically, urban recreational research, and support of it, has diminished in this country at the same time that there has been an increasing concern for such information and knowledge. The future looks bleak insofar as the development of a strong, major, national urban recreation research program is concerned.     

浅析虚无主义思想的历史逻辑

虚无主义是人对现实世界不断否定、批判达到的逻辑后果。它不仅包括哲学对现实世界的否定、批判而造成的世界的虚无化,也包括哲学在否定之后于"虚无"之上重建"真实世界"的努力。西方哲学与虚无主义存在一定的历史关联,在这种紧密的关联中,虚无主义依据内在逻辑不断演进。     

石家庄市城镇污水处理技术现状与展望

在对石家庄市城镇污水处理厂进行全面的调查基础上,概述了城镇污水处理厂的建设和新技术应用现状,针对目前存在的一些问题提出改进意见,并对今后城镇污水处理厂的发展进行了展望。     

Managerial myopia and the unintended real consequences of conditional conservatism

We examine whether the demand for conditional conservatism produces unintended real consequences that are exacerbated by managerial incentives to report higher earnings. We document a robust positive association between conditional conservatism and real earnings management (REM), particularly for firms whose CEOs face greater compensation incentives and capital market incentives to report higher earnings. Using mediation analyses, we find that conservatism has a negative indirect relation with future returns via REM over the next 1–3 years. In additional tests, we find that the relation between conservatism and REM is attenuated for firms with higher debt-to-equity, which suggests that debtholders moderate the negative relation between conditional conservative reporting and REM. Our findings suggest that, in contrast to its monitoring benefit, conditional conservatism can exacerbate managerial myopia, resulting in negative consequences for future firm value.     

油价改革——渐进市场化的蜕变

为了解决国际油价高企情况下我国油价倒挂所产生的炼化环节的亏损和迎接2006年底放开成品油批发市场放开外资进入的挑战，我国开展了成品油定价机制改革。虽然市场化是定价机制改革的总方向，但介于我国市场化条件的不成熟，我国应实行逐步实现市场化的方法，同时要注重配套措施的改革，如对弱势群体的补偿，建立公平有效的成品油市场，建设我国的战略石油储备和石油期货市场，我国只有完善了这些软硬件才能真正的实现油价的市场化。     

Earnings quality,bankruptcy risk and future cash flows

Prior research suggests that the quality of accruals may be compromised where the magnitude of accruals is abnormally high, due to the presence of errors in the accruals‐estimation process (Dechow and Dichev, 2002; Richardson, 2003). A consequence of this is that abnormal accruals may not map into realised future cash flows to the extent that would normally be expected of accruals data. Indeed, the association may be insignificant if abnormal accruals consist primarily of estimation noise. Our study investigates whether abnormal accruals for UK firms provide incremental insight into future cash flows. In particular, our paper may be viewed as a development of Subramanyam (1996). We find a significant positive association between abnormal accruals and one‐year‐ahead operating cash flows. This provides a rationale for the pricing of abnormal accruals by the market (Subramanyam, 1996; Xie, 2001) and suggests that abnormal accruals are not merely the products of noise in the accruals‐estimation process. However, our results are conditional upon the probability of one‐year‐ahead bankruptcy risk (Charitou et al., 2004). We also find that abnormal accruals possess small but significant explanatory power for future cash flows even when controlling for the disaggregation of accruals into individual items (Barth et al., 2001).     

沪深300股指期货与现货指数的引导关系研究

以沪深300现货指数和当月沪深300股指期货连续合约的1分钟高频数据为样本,将数据分为上涨与下跌两个阶段,采用Granger因果检验、VAR模型、脉冲响应函数、方差分解和VEC模型对期货指数与现货指数的引导关系进行实证分析。研究发现在下跌阶段期货指数领先于现货指数,对现货指数有很强的引导作用,而期货指数的变动更多来源于自身滞后期的波动。在上涨阶段期货指数与现货指数互为格兰杰因果关系,两个指数之间存在很强的协同性,相互之间都具有很强的引导作用。     

对文娱新闻未来走向的一些思考

理论界对文娱新闻的关注大多集中在对其低俗化的批判上，对其社会价值、未来发展方向等深层次的研究相对比较缺乏。本文对文娱新闻的未来发展进行了大胆的预测。文娱新闻的发展有赖于社会的进步和传媒业的发展，同时也有赖于从业人员文化素质的提高和思想水平的进步。文娱新闻包含娱乐，但并不是只有浅表化的娱乐，而是要在娱乐的同时构筑较高的文化品住，在娱乐的过程中提升文化，提高素养，这才是文娱新闻可持续发展之道。     

The Development in the Coming 3 Decades

On June 25,2008,Summit Fo- rum on the Development in the Coming 3 Decades,hosted by China Business Press and sponsored by BMW Brilliance,was held in Beijing Great Wall Sheraton Hotel. World known economists and entrepre- neurs gathered together to review the ex- perience of China's thirty years of reform and opening up as well as to explore the driving force of China's future develop- ment.China's five famous economists,as