Exploration of Innovation and Entrepreneurship Education Management to Improve Students’Employability

With the rapid development of the economy and society and the progress of science and technology,the traditional concept of employment has been gradually broken,and more and more college students hope to realize their life value through independent entrepreneurship or employment in innovative enterprises.Based on the significance of innovation and entrepreneurship education to improve students’employability,this paper will sort out the development status of domestic college students’employability,analyze the current difficulties of innovation and entrepreneurship education,and try to put forward the optimization strategy of innovation and entrepreneurship education management to improve students’employability.

Financial reporting of cash flow： Arbitrary items and management preferences

The international financial reporting standard for cash flow statement （IAS 7） provides options for the classification of certain cash flow items （arbitrary items）. Therefore, business firms may classify the arbitrary items using the option that would maximize their own interest. This reduces the comparability of financial statements amongst business firms. This study aims to investigate the factors explaining management preferences in the selection of financial reporting practices on the arbitrary cash flow items. It concludes that managers tend to magnify the CFO reported in order to maximize the shareholders＇ wealth, which in turn would maximize their compensation. Managers of business firms with a relatively smaller size of CFO tend to classify interest paid and dividends paid as non-CFO in order to magnify their CFO. They also tend to classify interest received as CFO in order to inflate their relatively smaller size of CFO up to expectation. Similarly, managers of business firms with a relative larger size of dividends paid would classify the dividends paid outside CFO.

Analysis of Ecotourism, Culture and Local Community Empower­ment: Case Study of Wasur National Park - Indonesia

The focus of this research lies in community empowerment based on culture and local communities as well as sustainable ecotourism,which is directed at a complicated mechanism of empowerment elements,local culture that is thick in ecotourism to get added value for the novelty of ecotourism research.The object of research is Wasur National Park(WNP),Papua,Indonesia.Qualitative methods have been used to obtain accurate data and information,i.e.,in-depth interviews with indigenous people to find out the benefits or functions of their culture that can be developed in ecotourism,interviews with leaders and staff of WNP and the Department of Culture and Tourism to find out the potential and processes empowerment and existing tourism potential.As a result,from the perspective of empowerment,local people will easily follow the empowerment process provided that they use methods that are culturally appropriate which is from the viewpoints from the culture of sasi,totem and sacred places.The culture adopted by the community is in accordance with the principles of ecotourism that supports sustainability,environmental conservation,protection of environmental resources and increases economic value.However,it is recommended to carry out modified socialization in accordance with the current conditions.Hence,tourists who visit WNP do not become afraid of the very rigid sanctions which are applied to them who violate the existing cultural and environmental customs.Moreover,to get added economic value in the tourism business within WNP,it is necessary to explore the potential of cultural wealth,natural and biological wealth so that it becomes the main attraction in carrying out the economic empowerment of local communities in the field of ecotourism.

Empirical study on factors motivating business students to move to the entrepreneurial sector

This exploratory study is attempting to examine how employable individuals turn their focus to start-ups. Today, majority of employees still practice a more or less self-protective strategy. In this paper the authors have reported the results of an empirical study of factors motivating degreed potential employees to move to self-enterprising. The deciding factors to become an entrepreneur and of sustainable employment-oriented factors are analyzed in order to discover how they differ. Participants consisted of 200 students from Malaysia entered final year of business undergraduate and postgraduate programs. Self-administered questionnaires were used to gather data on factors and types of relationships influencing career choice and entrepreneurial intention. The results will serve as a basis for improvement of employment practices and promising entrepreneurial curriculum in universities to support start-ups in creating sustainable businesses.

A countermeasure designed to restrain self-serving behavior and strategic rating disclosure of credit rating agencies

This study examines an incentive of the credit rating agency(CRA)to exert effort to observe projects’signals and strategically disclose ratings when the upfront fee and performance-based fee scheme are imposed.Under the upfront fee scheme,the CRA obtains an upfront fee in exchange for its services but gains a performance-based fee only if its ratings accurately foresee the rated project’s outcome.In the setting,an issuer solicits a rating from the CRA,whose conduct of inflating and deflating ratings is considered.In addition,the CRA can endogenously exert effort to observe a project’s signal,which specifies the signal accuracy and how much operating costs the CRA incurs.After receiving the observed signal,the CRA can strategically decide to announce a rating corresponding to or contradicting the observed signal.The findings reveal that the performance-based fee scheme incentivizes the CRA to exert greater effort and truthfully disclose a more accurate rating.