Multidimensional Competition and Corporate Disclosure

In this paper, we argue that the influence product market competition exerts on disclosure is defined by the combined effect of the incentives and disincentives to disclose raised by the multiple competition dimensions. We distinguish between firm‐ and industry‐level competition measures, and we hypothesize that the former raises agency and proprietary costs, whereas the latter creates incentives to disclose either to fulfil the owners’ need for information to monitor managers or to deter the entrance of new competitors in the industry. Our research design allows for non‐monotonic relationships between competition and disclosure as well as for interactions between competition dimensions. Using a sample of US manufacturing companies, we gather evidence that is consistent with our hypotheses. First, we find an inverted U‐shape relationship between corporate disclosure and a firm's abnormal profitability, which is suggestive of firms being reluctant to disclose when they are underperforming (outperforming) their rivals because of the fear of unveiling agency conflicts (raising proprietary costs). Second, we observe a U‐shape relationship between corporate disclosure and industry profitability, although this U design evolves to approximate a rising function as the protection provided by entry barriers increases.     

水土分算与合算对盾构隧道管片受力的影响

本文旨在以某地铁盾构隧道管片设计为背景,通过ANSYS有限元软件对不同情况下盾构隧道管片受力进行数值模拟,分析水土分算与合算对盾构隧道管片受力的影响。     

分部报告的会计难点分析

风险报酬法与管理法各有优缺点,我国应以行业或地区为标准,并结合内部组织制度和内部报告制度确定。报告分部一般可采用国际上10%和75%的标准,结合我国国情还应作进一步的考察。在披露内容上,注意分部收入和分部费用中一些非常项目和不能合理分摊的项目不宜进入分部报告,注意选择适当的分部报告方式。     

基于装配式技术的节段预制拼装桥梁施工方案探讨

装配式技术在桥梁施工中发挥着重要作用,有利于加快施工周期、提高施工质量.但是该技术并不是特别成熟,应用范围相对较小.而节段预制拼装桥梁也是桥梁工程的主要发展趋势,具有成本低、耐久性好、合理性强等优势,因此应优化节点连接技术、拼装设备技术、结构分析计算方法,并灵活应用预制节段施工方法.     

Geographic earnings disclosure and trading volume

Beginning with Statement of Financial Accounting Standards No. 131 (SFAS 131), Disclosures about Segments of an Enterprise and Related Information, most US multinational firms no longer disclose geographic earnings in their annual reports. Given the recent growth in foreign operations of US firms and the varying operating environments around the world, information (or lack thereof) related to geographical performance can affect investors’ information set. Using empirical tests that closely follow the [Kim, O., Verrecchia, R., 1997. Pre-announcement and event-period private information. Journal of Accounting and Economics 24, 395–419] model, we find results consistent with their predictions. Specifically, using a sample of firms with substantial foreign operations, we find evidence of a decrease in event period private information following adoption of SFAS 131 for firms that no longer disclose geographic earnings. These results suggest that decreased public information (i.e., non-disclosure of geographic earnings) reduces the ability of investors to utilize or generate private information in conjunction with the public announcement of quarterly earnings, which dampens trading. We also find evidence of a decrease in pre-announcement private information following adoption of SFAS 131. This is consistent with an overall improvement in public disclosures that has the effect of reducing differences in the precision of private information across investors in the period prior to the earnings announcement. However, such an effect is observed for both firms which no longer disclose geographic earnings and for firms that continue to disclose geographic earnings.     

高职与普通本科分段培养高端技能型人才探索与实践——以常州信息职业技术学院“3+2”试点专业为例

本文以常州信息职业技术学院"3+2"试点专业为例,着重研究了高职与普通本科分段人才培养,并根据其高端技能型人才培养经验提出了一些看法。     

太行山南段主要隆升时期探讨

本文以太行山南段为研究区域,通过对夷平面的研究,认为太行期夷平面形成之后至唐县期夷平面形成之前太行山南段隆升约1300m,占整个山体隆升幅度的70%。河流阶地的研究表明太行山南段第四纪以来的隆升幅度约80m,对太行山南段隆升成山的贡献不大。同时,山前坳陷盆地古近系-新近系与第四系之间存在巨大的地层厚度差,以及山前断裂在古近纪和新近纪时期活动频繁,第四纪时期活动性弱。以上证据表明太行山南段主要隆升于太行期夷平面形成之后至唐县期夷平面形成之前,即中新世至上新世中期,第四纪隆升幅度较小。     

Segment Reporting： Value and Policy Choice

Evidences indicate that segment reporting has the ability to forecast firms＇ performance and reflect risks of stock market. However, there is no consensus between IAS and FASB on the choice of policy for segment reporting. Based on the analysis of IAS and FASB＇s statements for segment reporting, this paper points out that industry and geography are the two vital bases for determining the segments, and internal organizational structure also should be taken into account. Before segment reporting, a primary segment needs to be identified, and others can be regarded as secondary segments. The information of the segments can be disclosed in the form of supporting statement. This paper also gives a concrete format of segment reporting.     

上海国内航空客运市场特征分析

为深入了解上海航空客运市场特征,在分析上海航空运输市场发展环境的基础上,根据需求规模将上海航空客运市场细分为快线、大客流、中客流和低客流四类,并对每类细分市场分别从总体规模、航线机型匹配以及收益水平进行定量分析。结果表明,快线市场需求巨大供给充足,市场格局已经形成,大客流市场表现不稳定,中客流市场规模小,收益水平一般,而低客流市场收益良好,市场前景广阔。最后,根据市场特征给出航空公司进入上海市场的策略性建议。     

中国绿色食品消费群体市场细分研究——基于修正的食品相关生活方式量表

在中国频繁发生食品安全问题的大环境下,食品安全消费的研究就显得十分重要。文章对西方背景下开发的食品相关生活方式量表进行适合中国市场和文化的修正,并基于修正量表对中国食品消费者进行市场细分,经过两步骤聚类分析得出5个细分市场,分别是“传统居家型”（7.5%）、“保守节约型”（16.6%）、“现代都市型”（19.5%）、“享乐探险型”（23.8%）、“淡漠便利型”（32.6%）,并从中识别出“享乐探险型”“保守节约型”“传统居家型”三个细分市场为绿色食品消费群体,“现代都市型”为潜在绿色食品消费群体,“淡漠便利型”为非绿色食品消费群体,最后根据不同细分市场的特点为绿色食品企业提供营销建议。