Cybersecurity breaches and investors’ interest in the firm as an investment

Cybersecurity breaches pose a significant risk to firms. To combat these risks, many firms engage in strategic cybersecurity risk management initiatives. While these efforts may reduce the likelihood of a cybersecurity breach, they do not eliminate the risk of a breach. In the event of a cybersecurity breach, firms may issue an apology to investors. This study uses an experiment to examine whether a firm indicates cybersecurity risk management is a strategic initiative and whether a post-cybersecurity breach apology by the CEO impacts nonprofessional investors’ investment interest in the firm. Results show that, in response to a cybersecurity breach, the presence of a CEO apology positively impacts investors’ investment impression and their perceptions of CEO affective and CEO cognitive trust. We find that investors’ investment interest is lowest for a firm that previously indicates cybersecurity risk management is a strategic initiative and where the CEO does not issue an apology. The CEO apology, however, does not significantly impact investment amount, a secondary measure of investor interest. Results from this study have implications for managers, investors, and regulators.     

Financial statement comparability and accounting fraud

We examine the association between financial statement comparability and the likelihood of accounting fraud. Prior research documents a negative association between the quality of a firm's reporting environment and accounting fraud. We build on this literature and show that poor financial statement comparability is associated with a greater likelihood of accounting fraud. We also find that accounting comparability declines over time as the year of fraud detection approaches and that the association between comparability and fraud becomes more negative over this time. In addition, we find that financial statement comparability improves after fraud detection, consistent with the notion that managers improve their financial reporting quality after fraud.     

Does an (in)congruent corporate social responsibility strategy affect employees' turnover intention? A configurational analysis in an emerging country

Corporate social responsibility (CSR) initiatives toward internal and external stakeholders can independently contribute to employee attitudes and behaviors. However, little is known about the joint effects of (in)congruent internal-external CSR strategies on employee outcomes. Drawing from social exchange theory, we argue that when employees perceive that their organizations excessively favor CSR efforts to external rather than internal stakeholders, it can trigger a psychological contract breach, resulting in increased employees' turnover intention. We utilized a fuzzy-set qualitative comparative analysis method and the data of 511 employee from various industries in the Philippines to investigate the interaction effects. The results revealed that a congruent CSR strategy with high internal and external CSR perceptions is critical in fulfilling employees' psychological contracts and retaining employees. However, for employees with low perceived internal CSR, a high incongruent CSR perception led to a psychological contract breach and ultimately to high turnover intention. Psychological contract breach weakened the negative joint effect of high perceived internal and external CSR on turnover intention and strengthened the positive effect of high perceived incongruent CSR on turnover intention. Implications for research and practice are discussed.     

水电站溢洪道泄槽混凝土裂缝原因分析与处理

溢洪道是水电站水工建筑物最重要的组成部分,担负着电站汛期的泄洪,保卫着大坝和机组发电的安全。泄槽是溢洪道的重要组成部分,是洪水的过流面,保证洪水能够顺利排放到下游,随着溢洪道泄洪时间的增加,泄槽上混凝土产生的裂缝将会逐步增多、增大,对溢洪道泄洪存在很大的安全隐患,以梨园水电站溢洪道泄槽为例,从制作、环境、水体、运行时间4方面分析了混凝土裂缝产生的原因,并对混凝土裂缝的修复处理进行了详细阐述,为水电站溢洪道泄槽混凝土裂缝处理提供了经验和借鉴。     

大职教观视域下的思政教育重点与路径探析

全面推动大职教背景下的大思政融合,是贯彻习近平总书记对职教工作和职教会议精神指示的重要举措。立足时代特点与职教需求,亟需进行大职教观背景下的大思政融合。笔者汲取黄炎培“大职业教育主义”思想精髓,整合研究出注重外部适应性、内部延展性和内外互通性三维有机一体的大职教观。从大职教观视域下思政教育的三重逻辑即时代逻辑、价值逻辑与问题逻辑入手,提出大职教观视域下的思政教育应树立技中有德、借技养德、以德促技的思维方式,从以下三个方面进行实践:顶层设计,全局谋划,树立大思政观融入职教的全过程;回望传统,照亮未来,借鉴传统文化德才观,进行思政职教融合;深化产教融合,创新教学理念,突出素质教育。     

Responding to a corruption crisis through disclosure and remedial action: The case of Petrobras

This case study adopts a positivist perspective to examine how Petroleo Brasileiro S.A (“Petrobras”), a high-profile company in its native Brazil with multiple listings including in Brazil and the US, responded to a major corruption scandal arising in 2014. We consider Petrobras's response both in terms of its visible activities – i.e. in relation to anti-corruption and compliance (“ACC”) disclosures in its annual report (AR) and sustainability report (SR), as well as actioned remedial policies that constitute the crisis plan – and how the company went about interacting with stakeholders during and after the immediate crisis period. We conducted a content analysis of ACC disclosures and assessed Petrobras's remedial activities in the eight-year period 2010–2017 as disclosed in its ARs, SRs and press releases. We find firstly that, consistent with legitimacy theory, Petrobras responded by voluntarily and substantially increasing its relevant disclosures so as to regain legitimacy, a finding which mirrors those found elsewhere following corruption and environmental crises. Secondly, the unique corporate governance situation at Petrobras combined with the fact that leadership was allegedly implicated in the scandal, led the post-crisis management team to undertake a series of remedial actions that prioritised the need to take and maintain executive control and independence from the government, whilst at the same time carefully managing the relationship with this influential stakeholder: - actions which argue strongly in favour of stakeholder-agency theory and multiple agency theory interpretations of the nature of stakeholder interactions that transpired during the crisis period of disequilibrium, and which precluded the type of stakeholder dialogue seen in some previous environmental crisis situations. Finally, we show that Petrobras's crisis management response actions align well with models of trust repair and legitimacy management, and suggest the company considered it had successfully regained legitimacy by 2017.     

基于YOLO模型的堤坝管涌监测智能识别方法

针对堤坝管涌现象的监测识别问题,提出一种基于YOLO模型的堤坝管涌识别方法。该方法通过引入改进的残差块及替换模型的激活函数来提升YOLO v3模型的网络性能,构建了基于堤坝管涌感兴趣区域提取的Piping YOLO模型来提取管涌感兴趣区域,并采用二维主成分分析方法提取管涌现象的特征,将其作为多权值神经网络的输入,经训练后实现管涌状态的分类识别。基于自主搭建的管涌渗漏试验平台建立了数据集并进行了试验验证,结果表明,提出的方法能有效识别堤坝管涌现象,在堤坝管涌无人巡检领域具有一定的应用前景。     

螺旋锚和土工合成材料修复膨胀土渠坡实例

介绍了玻璃钢螺旋锚、土工格栅、土工泡沫和土工合成材料黏土垫(GCL)在修复河南邓州市膨胀土渠道滑坡中的应用。玻璃钢螺旋锚用来锚固水上坡的混凝土框架梁和水下坡的混凝土板,土工格栅提高渠坡抗整体滑动的安全系数,土工泡沫用以减小混凝土板衬砌下的膨胀力,GCL用作混凝土板下的防渗垫层。文中给出设计方法、监测方案和修复工程的竣工情况,还将玻璃钢螺旋锚方案与其他修复方法,如换填非膨胀土法、抗滑桩法以及土工格栅分层加筋法做了技术和经济比较,说明了该法的优越性。     

水电站溢洪道泄槽混凝土凹坑形成的原因分析与处理

溢洪道在运行期间使泄槽混凝土长时间的受到水流的高速冲刷及库区漂浮物的冲击、碰撞,致使泄槽混凝土出现了大小不一的凹坑,严重影响着电站汛期的泄洪,威胁着大坝和机组发电的安全。以梨园水电站溢洪道泄槽产生的凹坑为例,从施工、水体、运行时间三方面对混凝土凹坑产生的原因进行了分析,并对混凝土凹坑的修复处理进行了详细的阐述。     

集散系统的故障类型和检修方法

集散系统的检修与传统仪表系统的检修有很大的差异，迅速、准确地判断出故障点的位置是排除故障的关键。本文通过对其故障基本类型的分析提出了实用有效的检修方法