Valuation effects of corporate social responsibility

This paper develops a valuation model of the firm that provides for the expenditure of corporate resources in support of community, social or environmental causes. We show that under certain circumstances CSR expenditures create value for the firm. We also test our model by simulations and confirm that, at least under some conditions, CSR does pay off in the form of value creation.     

浅谈开滦集团党建特点

介绍了开滦集团党的建设情况,从时代要求、与企业转型发展并进的精神、自身发展的现实3个方面进行了阐述。     

对我国国企改制的几点建议

20世纪90年代以来,我国国有企业改制进程加快,但是仍然存在一些问题。目前应当按统筹兼顾、公开竞争、分类推进及配套改革的原则推进国企改革,要尽快制定改制的基本规划和政策,进一步完善具体政策。     

Corporate Social Responsibility Strategy in the Hotel Industry: Evidence from the Balearic Islands

This paper attempts to identify some of the main factors affecting a hotel establishment's decision to adopt (or not), and to what extent, socially and environmentally responsible business practices. Salient among the results obtained is the fact that corporate social responsibility (CSR) is likely to be part of a hotel's product differentiation strategy; additionally, it is shown that productivity aspects such as scale economies, as well as the hotel's internal organization, also impact a hotel's CSR strategy. Copyright © 2014 John Wiley & Sons, Ltd.     

由个案谈损害赔偿的责任主体分析

法律关系不同,赔偿责任主体、责任范围也将不同。对蕴涵着复杂法律关系的损害赔偿案件,只有全面、系统剖析各种法律关系,才能准确地把握责任主体和责任范围,正确地做出法律适用选择,公正、合理地处理案件。     

Predicting credit card fraud with Sarbanes‐Oxley assessments and Fama‐French risk factors

This research developed and tested machine learning models to predict significant credit card fraud in corporate systems using Sarbanes‐Oxley (SOX) reports, news reports of breaches and Fama‐French risk factors (FF). Exploratory analysis found that SOX information predicted several types of security breaches, with the strongest performance in predicting credit card fraud. A systematic tuning of hyperparamters for a suite of machine learning models, starting with a random forest, an extremely‐randomized forest, a random grid of gradient boosting machines (GBMs), a random grid of deep neural nets, a fixed grid of general linear models where assembled into two trained stacked ensemble models optimized for F1 performance; an ensemble that contained all the models, and an ensemble containing just the best performing model from each algorithm class. Tuned GBMs performed best under all conditions. Without FF, models yielded an AUC of 99.3% and closeness of the training and validation matrices confirm that the model is robust. The most important predictors were firm specific, as would be expected, since control weaknesses vary at the firm level. Audit firm fees were the most important non‐firm‐specific predictors. Adding FF to the model rendered perfect prediction (100%) in the trained confusion matrix and AUC of 99.8%. The most important predictors of credit card fraud were the FF coefficient for the High book‐to‐market ratio Minus Low factor. The second most influential variable was the year of reporting, and third most important was the Fama‐French 3‐factor model R² – together these described most of the variance in credit card fraud occurrence. In all cases the four major SOX specific opinions rendered by auditors and the signed SOX report had little predictive influence.     

我国企业实施社会责任管理研究

西方市场经济国家自进入20世纪80年代以后,要求企业在社会责任方面做出更多贡献的呼声越来越大,我国近年来社会各界对企业的社会责任问题也越发关注。我国企业的社会责任实践活动有了初步的发展。本文通过对样本企业的数据研究,分析了我国企业对社会责任的认知现状,并从员工、股东、客户、供应商、政府、社区、社会公益事业及反商业贿赂等方面研究了我国企业社会责任的实施现状。通过对我国企业实施社会责任管理的现状分析,我们认识到我国企业在社会责任认知与实施方面与国外企业还有一定的差距,为缩小这一差距并提升我国企业社会责任的实施水平,我国企业应重视社会责任管理,把社会责任融于企业的使命、战略制定、战略实施及评价等各方面,实施企业的全面社会责任管理。     

新型安全观视角下的“保护的责任”

＂保护的责任＂理论的提出以新的主权观与人权观念为核心,提出了国家与国际社会向处在危险中的人民提供保护的责任,强调了尊重人权的重要性。同时,通过新型安全观的角度来看保护的责任,也是很重要的。     

谈“创先争优”的结果与过程

先进和优秀是中国共产党人的特征和追求,其本质是创和争,核心点是争创的过程。结果只是节点,过程才是更重要;结果体现绩效,过程更彰显价值。创先争优的过程体现了组织者的号召力和人生境界,体现着组织文化。