How to avoid reputation damage in financial restatement? The role of investor relations management

In order to examine the effects of avoiding reputation damage by investor relations management under certain corporate governance structures and mechanisms, samples of 1120 listed companies are used to research the influence on financial restatements by corporate governance. Then the moderating effects of investor relations management on financial restatements are analyzed. The result is that the more dispersed the equity, the higher the probability of financial restatements will be (This includes the government-controlled companies). Also the higher the proportion of independent directors and the higher the level of investor relations management, the lower the probability of financial restatements will be. Furthermore, as a moderating variable, investor relations management can eliminate the negative effects of corporate governance, enhance the effect of independent directors and reduce the probability of financial restatement.

Chinese Professional Managers Facing Ten Major Relations

1. Domestic Market and ForeignMarketIt is a new reality that China’s domesticmarket has been increasinglyinternationalized after China’s entering intothe WTO. However, most Chineseenterprises have no strength now to competewith top corporations in the world, andremain difficult to stand firmly even theyhave gone outside of China due to a lot ofsevere non-tariff barriers. Therefore, Chineseenterprises should attach more importanceto domestic market in recent period, in orderto survive themselves at first. The

A Functional Framework for Integrating eCRM with Workflow Management Based on Customer Value

eCRM ties customer relationship management with e-business. Very often, eCRM is interfaced with other information systems to form a seamless integration and interchange of information both inside and outside an organization--a work flow management system. This integration of business partners, suppliers, and customers is essential in this global competitive market environment. An effective infrastructure and hence an appropriate framework are required to provide the information exchange and data analysis between eCRM and work flow management. This paper proposes a functional framework of eCRM based on customer value to realize the win-win strategy for both the companies and their customers. Moreover, a workflow management system also forms an integral part of this total solution to facilitate the implementation of a supply chain or extended enterprise.

Approach to the Relation of Mutual-Feed Joint-Variation in Groundwater Management Model

In groundwater management,the exchanges between groundwater and other water such as surface water and spring water need to be considered.Some exchange is dependent on the ground-water level,which is called covariate.The pumping rate,groundwater level,and covariate interact and the relation of mutual-feed joint-variation is used to describe their interaction.This article presents a new approach of dealing with the relation in groundwater management model.The mathematical for-mulation of the relation,as an additional equality constraint in the optimization model,is developed using response matrix method.Thereby the groundwater management model with covariate is set up.The code for the simulation and management of groundwater system with covariate is programmed with Fortran 90,and the optimal pumping rate,groundwater level,and covariate are obtained.The approach is verified with a hypothetical case.Finally,the approach is applied to the groundwater management of Qianguo（前郭） area in western Jilin（吉林） Province.The results indicate that the ap-proach is feasible.It provides a universal solution for various covariates and reduces the computational complexity compared to iteration method.The approach is proven to be very efficient to solve ground-water management problem with covariate.