The effects of power on consumers’ evaluation of a luxury brand's corporate social responsibility

This paper examines how power affects consumers’ responses to corporate social responsibility (CSR) initiatives of luxury brands. The results of three studies show that high‐power individuals evaluated a luxury brand's CSR campaign more positively than low‐power individuals. High‐power individuals viewed CSR activities as being more fluent than low‐power individuals. This study further demonstrates that power influences consumers’ responses to nonluxury brand's CSR activities. Low‐power individuals, who are more receptive to warmth, evaluated nonluxury brand's CSR more favorably rather than high‐power individuals.     

Determinants of students’ entrepreneurial intention to compete in a fast-pitch competition

Despite the heightened popularity of entrepreneurship education, there remain open questions regarding best practices in co-curricular programs. Using the theory of planned behavior, the authors examine how students’ intention is shaped to increase the likelihood of participation in entrepreneurship co-curricular programs. To the best of the authors’ knowledge, this study is the first to examine the relation between entrepreneurial identity and entrepreneurial intention theory. They find the popular personality trait, openness, is related to ambition, which reveals the interaction between personal elements (personality/identity) and contextual elements (aspirations to success/intention), a novel finding in the literature. This further illustrates the interconnectedness between the theory of planned behavior and the entrepreneurial event model     

Audit Firm Attributes and Auditor Litigation Risk

This study examines the association between auditors' litigation risk and audit firm attributes. Using professional liability insurance premiums as a proxy for auditors' litigation risk, we present evidence that the risk is lower in audit firms having: (1) separate non-audit and audit divisions; (2) a higher proportion of partners; and (3) a higher annual growth in number of CPAs employed. Additionally, we find that the risk is higher in audit firms having: (1) operating losses; and (2) high revenue growth. Our results are consistent with the idea that audit firms' financial condition and organizational structure affect their independence/ expertise, and, in turn, their litigation risk. Our results are broadly supportive of the PCAOB's (2015) and US Department of Treasury's (2008) views that investors, audit committees, management, and other regulators could benefit from having access to financial and organizational information about audit firms.     

对小地区失业统计差额比的推定

本文对韩国国内行政区域如市郡区等小地区的失业统计共同差额比进行推定的方法有联合推定量,Woolf推定量和Mantel-Haenszel推定量等。对这个推定量的可信度是通过偏差和平均平方误差的概念来进行比较的。从对京畿地区经济活动人口调查情况看,这个地区内的24个市郡单位行政自治地区的男、女失业率差额比的偏差及平均平方误差是通过本次研究提出的推定程序来推定的。这些推定数的稳定性和效率性可以通过相对偏差和相对平均误差平方根来评价。Woolf推定量或Mantel-Haenszel推定量比联合推定量更为稳定,从其效率性来看三者很相似。     

Business ethics,economic development and protection of the environment in the new world order

The end of the cold war has elevated environmental issues to the highest level of concern for humanity while creating a world order dominated by the United States of America and other Western nations. This new power structure may likely lead to increased business activity in many parts of the world, as nations formerly preoccupied with the cold war turn their attention to economic development. This paper examines the linkages among ethics, economic development and protection and restoration of the environment in The New World Order.Emily F. Carasco is Associate Professor at the Faculty of Law of the University of Windsor. Her research focus is on international law and family law.Jang B. Singh is Associate Professor at the Faculty of Business Administration of the University of Windsor. His research focus is on ethical issues involved in the management process.     

Pandemic risk disclosure in integrated reports: after COVID-19 is hindsight 2020?

We examine whether, and to what extent companies disclosed pandemic risk and likely impact as part of their key risks or material matters immediately prior to 2020. The integrated/annual reports of 489 companies from six global regions were examined, finding that despite clear warnings from multiple fronts that highlighted the inevitability and imminence of a global pandemic, only 15.5 percent of companies disclosed anything related to pandemic risk. Of these, 71.1 percent were boilerplate in nature, providing minimal useful information to stakeholders. This study contributes to our understanding of integrated reporting, specifically regarding the adequacy of the disclosure of material risks.     

Traders’ choice between limit and market orders: evidence from NYSE stocks

In this paper, we examine a trader's order choice between market and limit orders using a sample of orders submitted through NYSE SuperDot. We find that traders place more limit orders relative to market orders when: (1) the spread is large, (2) the order size is large, and (3) they expect high transitory price volatility. A rise in informational volatility appears neither to increase nor decrease the placement of limit orders. We also find that a rise in lagged price volatility decreases the size of spread, which is driven by the increase in the placement of limit orders.     

企业组织变革中的冲突管理研究

中国的企业面临前所未有的复杂的市场环境。组织重组,组织流程再造,公司股权体制改革……企业或多或少都在进行这样或那样的组织变革,在变革过程中,冲突的产生是不可避免的。对于变革中的冲突应该怎样进行有效的管理是关系到变革成败的重大问题。本文指出应该区分变革过程中的建设性冲突和破坏性冲突,并针对不同类型的冲突采用与之相适应的冲突管理方式。     

The effect of mandatory auditor assignment and non-audit service on audit fees: Evidence from Korea

In Korea, regulators could assign auditors to firms. We investigate the relationship among audit fees, mandatory auditor assignment, and the joint provision of non-audit and auditor services in Korea. We find that assigned auditors charge significantly higher audit fees than freely selected auditors. We also find that the joint provision of non-audit and audit services does intensify the relation between auditor assignment and audit fees. Combined with the results of other studies that have shown that firms audited by assigned auditors report smaller amounts of discretionary accruals than firms audited by freely selected auditors, our results suggest the possibility that mandatory auditor assignment may improve auditor independence.     

Moments of renewal shot-noise processes and their applications

In this paper, we study the family of renewal shot-noise processes. The Feynmann–Kac formula is obtained based on the piecewise deterministic Markov process theory and the martingale methodology. We then derive the Laplace transforms of the conditional moments and asymptotic moments of the processes. In general, by inverting the Laplace transforms, the asymptotic moments and the first conditional moments can be derived explicitly; however, other conditional moments may need to be estimated numerically. As an example, we develop a very efficient and general algorithm of Monte Carlo exact simulation for estimating the second conditional moments. The results can be then easily transformed to the counterparts of discounted aggregate claims for insurance applications, and we apply the first two conditional moments for the actuarial net premium calculation. Similarly, they can also be applied to credit risk and reliability modelling. Numerical examples with four distribution choices for interarrival times are provided to illustrate how the models can be implemented.