The Infona portal uses cookies, i.e. strings of text saved by a browser on the user's device. The portal can access those files and use them to remember the user's data, such as their chosen settings (screen view, interface language, etc.), or their login data. By using the Infona portal the user accepts automatic saving and using this information for portal operation purposes. More information on the subject can be found in the Privacy Policy and Terms of Service. By closing this window the user confirms that they have read the information on cookie usage, and they accept the privacy policy and the way cookies are used by the portal. You can change the cookie settings in your browser.
Abstract-Reasonable assurance of the reliability of financial report is one of the main objectives of internal control. Thus, high-quality internal control should help to improve the quality of corporate's financial report theoretically. In this paper, we examine the effect of internal control on earnings management, which was measured by real activity earnings management. Besides, we further test...
The relationship between executive compensation and corporate performance is a key subject. This paper reviewed relevant literature at home and abroad and summarized important theoretical and empirical studies based on the view of intrinsicalness. Studies have shown that: there is positive correlation between corporate performance and executive compensation, and executive compensation reacts on corporate...
Enterprise internal control system is an important component of the company administration. Internal control deficiencies have long been recognized as the main cause of accounting scandals and captured more and more attention both from regulators and the stakeholders. Through a literature review, this paper concludes that the current research mainly come from three aspects: first is about the disclosure...
Information disclosure is a critical determinant of portfolio allocation in capital markets. Securities analysts as important “information traders”, their follow-up behavior and information disclosure of the firms they follow participate in an interaction relationship. This paper sheds light on the three different roles of analysts. Based on the perspective of role of analysts, we reviewed relevant...
Underperformance after secondary equity offering (SEO) in capital market has been a hot area of research in theoretical circle for several years. There are discrepant views trying to explain the reasons behind the link between SEOs and the accompanying underperformance. This paper presents a systematic review of the literatures, covering scholarly articles published from 1995 to 2012, by which the...
In the modern enterprise system, business management and ownership are separate. Thus, the agency relationship comes out. Under the asymmetric and insufficient information, the manager would be contrary to the pursuit of business objectives and maximize their own interests, resulting in agency costs. Western countries have been respected that debt financing plays very good constraint on managers,...
Business models are widely referred as the ‘logic of the firm’ —how it operates and creates value for its stakeholders. The paper, based on the CR Framework of business models, identifies the components of business models and models the value creation relationship among them by demonstrating business models of two world famous cosmetics companies. The results of the empirical analysis exhibit fully...
Globalization becomes the great impetus force for development of current economy for international corporates. More and more Chinese companies takes concern about the trends of globalization, and many companies tries to explore opportunities for going abroad. In this process, the poor Chinese stereotype has become an important factors for affecting globalization of Chinese companies. This paper, focusing...
There exists workflow represented by business flow and network flow represented by products flow and vehicle flow in Logistics Enterprise, and there are also obvious interaction and impacts between the two flows. At present, the researches on logistics information platform mostly separate them, and thus affect the working efficiency of the system. This thesis proposes the idea of integrating workflow...
After introduced the concept and the characters of technical merger and acquisition (abbreviated as M&A below), this article discussed the pricing of technical M&A with the real option method. The growth option pricing model and cooperative option pricing model were put forward to fit to the pricing of technical M&A. We also discussed how to apply these models by case study.
Set the date range to filter the displayed results. You can set a starting date, ending date or both. You can enter the dates manually or choose them from the calendar.