皮带运输机皮带跑偏成因及解决办法

为保障皮带运输机的安全运作,避免跑偏状况出现,本文针对皮带运输机的结构和工作原理进行分析,详细研究了可能引起皮带跑偏的一些原因,并针对原因提出了相应解决办法.     

股价信息含量与投资-股价敏感性——基于融资融券的准自然实验

本文利用2006-2015年间的数据研究了融资融券对投资-股价敏感性的影响。利用融资融券作为股价信息含量的一个外生冲击变量,本文研究发现,我国A股市场确实存在反馈效应,融资融券政策的实施增强了标的公司投资-股价敏感性,这个结论在采用倾向得分模型(PSM)配对后依然成立,说明融资融券使股价融入了更多有利于管理层投资决策的信息。其次,融资融券对投资-股价敏感性的影响在机构投资者比例高、流动性高、处于新兴行业的这类管理层反馈效应更强的股票组中更显著。参照以往研究考虑了融资约束对反馈效应的调节作用,同样发现融资融券对投资-股价敏感性的影响在国有企业和规模较大的企业组中更显著。最后,融资融券交易规模越大,投资对股价的敏感性越强。     

CEO internal experience and voluntary disclosure quality: Evidence from management forecasts

Internally‐promoted CEOs should have a deep understanding of their firm's products, supply chain, operations, business climate, corporate culture, and how to navigate among employees to get the information they need. Thus, we argue that internally‐promoted CEOs are likely to produce higher quality disclosure than outsider CEOs. Using a sample of US firms from the S&P1500 index from 2001 to 2011, we hand‐collect whether a CEO is hired from inside the firm and, if so, the number of years they worked at the firm before becoming CEO. We then examine whether managers with more internal experience issue higher quality disclosures and offer three main findings. First, CEOs with more internal experience are more likely to issue voluntary earnings forecasts than those managers with less internal experience as well as those managers hired from outside the firm. Second, CEOs with more internal experience issue more accurate earnings forecasts than those managers with less internal experience as well as those managers hired from outside the firm. Finally, investors react more strongly to forecasts issued by insider CEOs than to those issued by outsider CEOs. In additional analysis, we find no evidence that these results extend to mandatory reporting quality (i.e., accruals quality, restatements, or internal control weaknesses), perhaps because mandatory disclosure is subjected to heavy oversight by the board of directors, auditors, and regulators. Overall, our findings suggest that when managers have work experience with the firm prior to becoming the CEO, the firm's voluntary disclosure is of higher quality.     

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.     

荣成渔家游

有着"中国第一渔业大县"称号的荣成市,现在又打响了旅游牌.这里有天尽头、圣水观、九顶铁槎山等自然景观,也有民俗村、牧云庵画村、南车花村等人文景观.荣成市对此采取了"谁投资、谁开发、谁受益"的多元文化旅游经营模式,全面动员农户、山村、渔企卖起了"风景画"、念起了"山海经",激活了文化旅游市场,带起了10万农民从事文化旅游业.2003年,荣成市年接待游客260万人次,年实现旅游收入8亿元.     

科技对纺织的战略意义

世界主要工业发达国家以及亚洲“四小龙”在工业化过程中，尤其是在工业化初期和中期，作为劳动密集型的纺织工业具有重要的推动和关联作用。从目前和今后一段时期我国经济发展和工业化趋势来看，纺织工业在21世纪前50年间，在出口创汇、增加就业、扩大消费等方面仍将为我国国民经济发展起到重要的支撑作用，这种作用是其他产业一时难以取代的。这与中国纺织工业在原料供给、加工能力、产业体系、劳动力成本及素质等方面仍然具有明显的比较优势，以及占有世界市场最多的份额作为竞争的基础有着直接关系。由此，依靠科技、深化改革把我们的纺织大国建成纺织强国越来越具有重要的战略意义。     

略论中国企业跨文化管理的原则与方法

本文阐述了跨文化管理的基本原则,重点探讨了企业实施跨文化管理的主要方法。     

浅析物流产业的发展途径

探讨了物流在经济生活中的作用和现阶段我国物流产业方面存在的问题。提出了发展我国物流产业的基本途径。指出了我国的物流企业应该适时调整经营战略。顺应世界经济的发展趋势。不断提高自身的生存和发展能力。以应对未来更为激烈的竞争局面。     

货币政策的目标、效能与协调运用

货币政策的目标是多元化的，如价格稳定、经济增长等。通过货币政策的调整可以发挥其调节经济的效能。在货币政策协调过程中，运用好与其它社会经济政策的关系，对于提高宏观调控的科学性大有裨益。     

景新海：“洋海归”圆了软件梦

2003年10月19日,在大洋彼岸的加拿大里贾纳大学,代表该校最高荣誉的“荣誉法学博士”学位被授予了一位中国人。这是加拿大里贾纳大学继中国国家领导人万里、乔石之后,第三次将此荣誉授予中国大陆人士。 这个人就是中创软件公司董事长兼总裁景新海。