The Effect of Earnings–Announcement Timing on Earnings Management

This paper examines whether firms which delay earnings announcements engage in earnings management. The cross–sectional version of the modified Jones 1995 model is used to estimate 'normal' accruals. Prior research has documented that, on average, delayed earnings announcements are associated with negative earnings surprises. Our evidence suggests that the market anticipates unfavorable earnings news when it observes reporting delays. As a consequence, late reporters appear to make the most of a bad situation by employing income–decreasing accruals in big–bath–type earnings management and in contractual renegotiations. We find that the magnitude of income–reducing abnormal accruals is related to the reporting lag.     

新型城镇化背景下农业人口转化的财政金融对策研究

党的十八大后,党和国家将新型城镇化建设作为推动我国经济和社会发展的重要战略部署。新型城镇化的核心是农业人口的有效转化。农业人口有效转化涉及方方面面的问题,文章以我国城镇化现状为出发点,对我国农村人口转化的现状和特点进行分析,梳理城乡分隔体制下农民身份固化问题对经济社会的不利影响,重点研究农业人口有序转化的财政金融体制障碍和现实需求。在此基础上,提出:改革城乡分隔的财政体制,建立统一的社会保障体系;加大公共财政的财力安排,支持或引导建立服务中小微企业发展的金融体系和社会化服务体系;制定信贷政策,加大信贷资金投入;加大城镇居民住房建设支持力度;满足新型城镇居民的多元化金融服务需求。     

互联网金融背景下征信体系建设问题探讨

随着我国互联网金融的蓬勃发展,征信成为互联网金融业务必不可少的重要环节.分析我国互联网金融模式下征信体系发展现状及面临的问题,认为今后应明晰征信体系模式,加快征信相关立法工作,提高征信数据的质量,加强隐私保护力度,完善失信惩戒机制,加强信用文化建设等,以促进征信业规范可持续发展.     

对构建现代石化物流网络的思考

现代物流技术的发展深刻地改变着传统的流通领域。中国石化集团公司内部存在巨大的物流市场和基础设施基础,通过整合公司内部的各种物流资源,不仅可以激活一大批面临改制挑战、单独生存能力偏弱的中小石化物流企业,而且可以为石化行业提供更有效率和低成本的服务,成为石化集团一个新的经济增长点。因此,建议中国石化集团抢抓机遇,通过建立紧密层和松散层相结合的管理体制和实行产权多元化和有偿互惠的经营运行机制,整合石化集团内部的物流资源,建立统一的石化物流信息平台,构建覆盖我国长城以南地区的物流服务网络,并争取逐步发展成为国内主要的物流服务商。     

中、德循环经济发展的比较研究

本文通过对比中、德发展循环经济的背景、模式和基础等条件差异,总结德国循环经济的特点。中国发展循环经济应借鉴德国经验,立足国情,走清洁生产与综合治理相结合、强制性实施与义务性实施相结合、原始创新与引进吸收相结合、绿色税收与绿色行政管理相结合的道路。     

美国加州大学的管理体制与公共服务使命

美国加州大学实行的是事业部制管理体制,其最大的特点是“集中决策,分权管理”。这种管理体制对公共服务有很大的促进作用。我国的大学管理可以借鉴其先进的管理经验,更好地服务社会。     

Consumer specialization and the Romantic transformation of the British Grand Tour of Europe

This paper posits that significant changes in 19th century British recreational travel patterns resulted from a change in the manner in which tourists used entertaining stimuli in order to attain pleasure. Consumers no longer merely viewed arousing stimuli, but attempted to use them to produce emotional states of being which they could partially modify to intensify pleasurable feelings (Damasio, Looking for Spinoza: Joy, sorrow, and the feeling brain, William Heinemann, 2003). The impetus for this modification stemmed from an increasing awareness that emotional responses could be to some degree self-cultivated, as embodied in the Romantic ethos that become popular at the time via the emergence of the paperback novel and magazine industry (Campbell, The romantic ethic and the spirit of modern consumerism, Blackwell, 1987). By learning how to manipulate and modify mental images in a way that may not necessarily correspond with objective reality, Romantic tourists learned to elicit pleasure through engaging of their imagination. Such a change in the mode of pleasure seeking had important long run economic consequences for tourist regions throughout the European continent.     

How Productive Are Economics and Finance PhDs?

This article analyses the research productivity of more than 200 individuals in academe with a PhD in economics and finance from (mostly) Australian universities. We find the number of publications accumulates linearly with experience, while citations increase exponentially, pointing to network effects. Panel regressions indicate: (1) the key role of experience in determining research outcomes; (2) the usual quadratic approach substantially under-estimates the role of diminishing returns to experience; (3) the university where an individual works is mostly unimportant for publications and citations. ‘Prime academic age’, when research has maximum impact, is attained about 11 years after the PhD.     

投放CCTV-1黄金剧场的N个理由

理由一：观众喜爱电视剧电视剧是全国电视媒体播出和收看的重中之重，省级卫视、地面频道的电视剧占收视比重超过50%（据CTR）。中央电视台电视剧的收视比重也占到了25．8％（据CSM），是观众收看最多的节目类型。电视剧成为企业广告传播不可或缺的资源。     

新疆兵团十四个师局中小企业核心竞争力差异分析

在借鉴前人对于企业核心竞争力研究的基础上,运用SPSS17.0软件的因子分析与主成分分析模块,从区域影响力、经营运作能力、成长发展力、经营安全能力、技术能力五个方面对兵团十四个师局中小企业核心竞争力进行实证研究,发掘其核心竞争力与存在的问题,并提出相应对策。