Overconfidence and tax avoidance: The role of CEO and CFO interaction

We investigate how overconfident CEOs and CFOs may interact to influence firms’ tax avoidance. We adopt an equity measure to capture overconfident CEOs and CFOs and utilize multiple measures to identify companies’ tax-avoidance activities. We document that CFOs, as CEOs’ business partners, play an important role in facilitating and executing overconfident CEOs’ decisions in regard to tax avoidance. Specifically, we find that companies are more likely to engage in tax-avoidance activities when they have both overconfident CEOs and overconfident CFOs, compared with companies that have other combinations of CEO/CFO overconfidence (e.g., an overconfident CEO with a non-overconfident CFO), which is consistent with the False Consensus Effect Theory. Our study helps investors, regulators, and policymakers understand companies’ decision-making processes with regard to tax avoidance.     

开拓进取培养应用型人才

高等职业教育发展到今天已经取得了显著的成果，教育工作者总结出了许多成功经验。我们认为以市场为导向、全力开拓办学领域是高等职业教育持续发展的源泉；“产学研”结合可增加教育效益；办学特色决定人才的竞争力和专业发展的生命力。高等职业教育只有全力开拓办学领域和不断扩大市场，才具有旺盛的生命力，才能健康、快速地向前发展。     

Firm-level interactions between exporting and productivity: Industry-specific evidence

This paper investigates interactions between exporting and productivity at the firm level, using a panel of firms in the UK chemical industry. This is both highly technology intensive and the UK’s largest exporting sector. We find exporters are more productive than non-exporters, but are also on average smaller. This superior productivity performance among exporters appears to be caused by both self-selection and learning-by-exporting effects. In contrast to other studies, we find learning effects are significantly positive among new entrants, weaker for more experienced exporters and negative for established exporters. JEL no. F14, D21, L65     

岑溪至梧州高速公路水泥混凝土路面滑模施工

高速公路实施滑模施工技术,它施工机械化程度高、规模大、速度快,特别适用于混凝土高速公路的大规模快速施工,有利于加快广西高速公路建设.     

中国城市可持续发展的国际借鉴

随着世界各国城市发展不断地向前推进,然而把发展目标具体化为追求GNP的增长而忽略社会和环境方面的指标,导致城市的可持续发展面临社会和环境问题的尴尬。为此,本文从制定和执行可持续发展政策的角度,举例美国旧金山、加拿大柏林顿城市的可持续发展实施概况,从中探索城市可持续发展的一般规律,寻求中国城市最优化可持续发展模式。     

我国股份制商业银行面临的挑战与对策

加入WTO后，我国股份制商业银行在经营体制、经营理念、经营规模及技术、人才、安全等方面面临着挑战。为应对挑战，应建立现代公司治理结构，建立金融创新服务体系，坚持依法合规经营，组建银行集团，建立人才培养机制。     

运用马克思的资本理论分析现实经济问题--论国有资产管理中的资本经营

本文通过运用马克思的资本理论分析当今国有资产管理中的资本经营,指出国有资产管理必须关注资本经营,才能使国有资产的保值增值.同时,提出国有资产管理中的资本经营必须关注的几个问题.     

对我国西部地区建立生态环境补偿机制的思考

我国西部地区自然条件恶劣、生态环境脆弱、基础设施落后、经济相对滞后,生态环境建设是西部大开发战略的一个重点,需要大量的资金投入。目前,在我国国力有限的情况下建立生态环境补偿机制有着十分重要的现实意义。为推动我国西部地区生态环境建设,本文从生态环境对经济的影响、我国西部生态环境现状分析和建立生态环境补偿机制思路等方面展开了讨论。     

利用国际项目融资提升承包商竞争实力

国际项目融资(International Project Financing),是指向某一特定的国际工程项目提供贷款,贷款人依赖该项目所产生的现金流量和收益作为偿还贷款的资金来源,并将该项目或经营该项目的经济单位的资产作为贷款的担保,或另外提供等额的可靠担保.从广义上说,一切针对具体国际项目所安排的融资都可以划归为国际项目融资的范畴.