Managing Earnings with Intercorporate Investments

Abstract:  We explore to what extent firms deliberately manage their financial reports by exploiting the flexibility of generally accepted accounting principles. Using a sample of Oslo Stock Exchange-listed firms with 20–50% equity holdings in other firms, we find that firms with high financial leverage tend to maximize reported earnings from these investments through their choice between the cost method and the equity method, possibly in an attempt to reduce debt renegotiation costs or to avoid regulatory attention. In contrast, managers do not systematically bias reported earnings to extract private benefits or to signal revised expectations about future cash flows. Firms use different earnings management tools in a consistent way, as the earnings effect of the cost/equity choice is not offset by discretionary accruals.     

浅析石油化工项目产品市场分析

市场分析是项目前期的重要工作之一，目前尚未赢得人们足够的重视。国外的投资咨询公司对石油化工项目的产品市场分析有其一套比较完整的操作程序和评估体系，以BOPP为案例介绍了市场分析的思路和方法，并且指出市场分析作为一种新的理念，必须进一步深化和细化，逐步加以完善。     

倒虹吸管管径计算的迭代法

本文先将倒虹吸管的管径计算公式整理成等式左边只含管径的一次方法，右边含有管径高阶非线性的迭代函数，然后证明该迭代函数收敛，最后利用数学迭代原理给迭代函数右边赋初值，计算左边的管径。继续迭代下去，就能求出倒虹吸管的管径。     

应变—距离法

本文在概述位移—距离曲线类型(包括直线、二次曲线或对数曲线、折线、双二次曲线及不规则曲线)及相应的断层扩展位错模式的基础上,建立了应变—距离函数,并提出应变—距离图新概念。应用应变—距离法,能准确地确定和清楚地表示断盘内或拆离面上部各点的应变。本文通过实例简述了运用应变—距离法确定和表达应变分布的步骤。     

Theory and practice of value management and its innovation for natural resources from the perspective of sustainable development

The supreme obstacle for sustainable development of natural resources is the scarecity, bottleneck. So how to promote the sustainable utilizing and increase the using efficiency of natural resources is worth studying. This paper suggests that we should improve the model and means of evaluating method and value management based on th~ theory of natural resource compensation. This paper discusses the User Cost Method based on the microeeonomicaspect which can change the evaluating method for natural resources. From the perspective of value managemen model, we should use the User Cost Method to realize the linkage and integration of micro and macro eompensation for natural resources. Based on the evaluating and aecounting idea User Cost Method, this paper presents a theo. retical framework to harmonize and link micro and macro compensation for natural resources. At present, we should seek the new approach and method to manage natural resources, so can we realize the capitalization managemen focusing on the vahte management for natural resources.     

基于AHP＋熵组合的相对发达地区新乡镇建设评价——以苏南三镇为例

面对新农村建设活跃和城市化进程加速，新乡镇建设也初见端倪，选取苏南三镇作为实证地点，构建相对发达地区新乡镇建设评价体系，利用主观赋权的层次分析法（AHP）和客观赋权的熵权法进行组合评价。     

区域经济发展差距:新经济地理、要素流动与经济政策

改革开放后,中国区域经济发展差距主要表现为区域间差距的扩大,而非区域内部差距的扩大。这一现象的发生是多方面原因共同作用的结果:在新经济地理因素的影响下,具有区位优势的东部沿海地区吸引了中西部地区大量的生产要素进行跨区域流动,加上中央政府的政策导向作用,使得中国经济发展差距呈现出逐步扩大的趋势。因此,中央政府应该采取有力措施,以便在全国形成合理的区域分工,进而达到缩小区域经济发展差距的目标。     

波浪力计算中的一个新边界元方法

本文就波浪与结构物作用问题，提出了一个新的高阶边界元方法。较之Ｅａｔｏｃｋ Ｔｏｙｌｏｒ和Ｃｈａｕ的方法，本文在体内附助积分方程中应用了满足刚性水面条件和弱刚性底面条件的简单格林函数。计算速度相应地有所提高；漂浮结构的积分方程更为简洁；计算结果与Ｅａｔｏｃｋ Ｔａｙｌｏｒ和Ｃｈａｕ的方法具有几乎相同的精度和收敛速度。     

非线性地基上桩结构物空间分析

本文提出了桩结构物－非线性地基空间相互作用分析的迭代法和非线性有限元法。其中，桩基分析用ｐ－ｙ曲线法。结合实际结构物进行了大量的计算及比较分析，成果是令人满意的，可以付诸应用。     

THE ANALYSIS OF THE SEPARATED LAYERS ALGORITHM BY DOMAIN DECOMPOSITION METHOD

From the principle of of the Domain Decomposition Method (DDM), we analyse the 2nd-order linear elliptic partial differential problems and link the Separated-Layers Algorithm (SLA) with DDM. The mathematical properties of SLA and numerical example are presented to obtain satisfactory computation results. For general linear differential ones, also are the structure of SLA and its characteristics discussed.