Analysts' Forecasts and the Broker Relationship

Analysts' ability to forecast earnings per share has been the subject of considerable debate. A concern highlighted in previous research is the agency problem which may arise when analysts have a close working relationship with the firms for which they are providing forecasts. This paper provides evidence that this relationship does not improve the accuracy of the earnings forecasts, but stimulates optimistic forecasts. In addition, the paper examines whether firm size is a factor in forecast accuracy or bias.     

Differential reporting in Germany - A historical analysis

Based on a contingent perspective of accounting change, this paper reviews the historical development of differential reporting in Germany, by drawing on primary and secondary sources. The main objective of the paper is to shed light on the driving forces and main influential parameters that have shaped the existing differential reporting framework. This historical approach supplies interesting insights for the current discussion on differential reporting in Germany produced by the EU Regulation on the application of International Accounting Standards.     

中小企业服务体系的动力因素:政府抑或中介组织

中小企业服务体系作为市场经济的产物,市场服务组织在服务提供过程中发挥着基础性的作用;政府和非营利性中介组织作为对市场服务供给失灵的补充,根据各自的职能优势,在服务提供中形成分工互补的关系。政府作为制度供给的主体,针对不同分布形态下市场条件与组织环境的差异,在中小企业服务体系的建设过程中分别发挥主导、引导和规制的作用。     

证券市场上中小投资者权益保护机制初探

保护投资者的合法权益是证券法的立法宗旨,然而近几年证券市场上侵犯投资者权益的事件不断发生,在一定程度上已经影响到证券市场的稳定。《证券法》等法律法规中的诸多缺漏,使得其未能充分有效地发挥出保护中小投资者的合法权益、遏制违法行为的作用。应不断完善法律法规,强制信息公开制度,规范信息披露方式,并通过设立法律责任维护中小投资...     

The antecedents of digital collaboration through an enhanced digital platform for destination management: A micro-DMO perspective

While the tourism sector shifts towards digital transformation, Destination Management Organisations (DMOs) often struggle to adapt to their changing technological environment. This study explores the antecedents of digital collaboration and develops a framework for micro-DMOs to enhance effective destination management through digital technologies. An integrated sequential qualitative approach was adopted by conducting multi-phase interviews, in addition to designing and trialling a real-world trial digital platform. The research provides empirical evidence that digital collaboration is essential for micro-DMOs, necessitating them to transform their current “websites” into digital platforms which act as a hub for business stakeholders to actively be involved in. Antecedents of successful digital collaboration include mutuality, trust, control, and leadership which may be manifested differently from non-digital collaboration. Additionally, the study identifies three aspects for digital collaboration; marketing, networking and knowledge sharing that demands specific attention. Our results have theoretical, methodological, and practical implications for academia, industry and policymakers.     

探讨台湾中小型家族企业在大陆市场之经营策略

有鉴于家族企业的经营策略形成有别于一般企业的形成模式，本研究探讨台湾中小型家族企业经营策略之形成模式，利用观念性研究架构、专家问卷以及企业问卷的设计，量化并综合性讨论，归纳出台湾中小型家族企业的经营策略成功因素，为台湾家族企业经营策略提供新的思考，以便在市场机能与商业利益的引导下，研拟具体措施协助台湾中小型家族企业，成功融入不同的文化，以达到永续生存与成功获利的目的。本研究透过文献分析与实证分析结果的汇整，得出三个结论：独立自主的家族管理者是家族企业成功生存的关键；良好的内部凝聚力是家族企业经营的必要条件；良好的外部顾客关系是家族企业的成功要素。     

The sustainability behaviour of small firms in tourism: the role of self-efficacy and contextual constraints

This article presents a grounded theory to explain why some small businesses in tourism adopt sustainable business practices while others do not, even when they share environmental and wider sustainability concerns. It does so based on research undertaken among business owners in Crete. The paper starts by considering studies on sustainability awareness, knowledge and the mechanisms for accepting responsibility. Secondly, it summarises the influence of task difficulty and effort on sustainability self-efficacy. Thirdly, it focuses on social comparisons and vicarious experiences, as a way of learning what is important. Finally, it examines powerlessness due to perceived situational constraints. In so doing, the study finds that self-efficacy helps to explain sustainable attitude formation and the attitude-behaviour gap; it partly shifts the locus of responsibility for an inability to act sustainably away from the individual and towards their context. The paper contributes to the theoretical literature on small businesses and sustainability, and leads to new avenues for policy interventions.     

基于流程重组的中小型房地产企业文化重塑

房地产企业在对企业进行流程重组的同时,更要强调企业文化与流程的对接。中小型房地产企业应加强优化流程为平台的企业文化重塑,重塑后的企业文化将会有利于房地产企业的业务流程重组科学进行,促进房地产行业的健康发展。     

中小银行流动性风险的成因及防范策略

中小商业银行在保持高利润前提下产生流动性风险与其资产负债业务构成的不对称性、业务拓展的不均衡性以及主动负债能力弱、市场竞争力弱等特点密不可分,在市场经济不断推进、银行竞争不断加剧的形势下,中小银行应进一步加强流动性风险管理,优化负债与信贷结构,深化网点建设,加大货币市场参与力度.     

乡村旅游经营实体创业影响因素研究

在乡村旅游开发中,开办小型经营实体是社区参与的最主要形式,其健康发展直接影响到乡村旅游开发目标的实现.通过在广西乡村旅游地区对乡村旅游经营者创业影响因素的实地调查,经T检验和因子分析,得出乡村旅游经营实体创业受增加经济收入、自我实现、家庭生活需要、兴趣爱好、外部支持和投资风险的综合影响,并且随创业者个体差异、实体差异在多方面表现出显著不同.