Prior research documents income-decreasing earnings management in the situation when true earnings exceed the targets by a substantial amount and in the situation when true earnings fall far below the targets and acco...Prior research documents income-decreasing earnings management in the situation when true earnings exceed the targets by a substantial amount and in the situation when true earnings fall far below the targets and accounting reserves are not sufficient to reach the targets. These two situations are well-known as cookie jar and big bath earnings management. True earnings are defined as pre-managed earnings (PMEs) and are measured as reported earnings minus adjusted discretionary accruals (DAs). However, the use of PMEs can induce a spurious association between earnings management and PMEs above or below the benchmarks, which are known as the backing-out problem (Lim & Lustgarten, 2002). This study reexamines the cookie jar and big bath type of earnings management and addresses in particular the issue of backing-out problem. By using an Australian sample of 3,326 observations covering all listed firms in the Australian Securities Exchange (ASX) for a period from 1999 to 2006, this study suggests that the finding of cookie jar accounting is not simply a consequence of the backing-out problem. The results show that an income-decreasing earnings management occurs when PMEs are well above the targets. This is consistent with the first argument of cookie jar accounting--Finns reduce current earnings in order to save some income for the future. However, the results do not support the big bath accounting theory.展开更多
Background:Robotic surgery is a complex innovation intervention.Recently,the number of robotic surgery case reports is increasing,but there is unclear on its reporting and methodological quality.Methods:The PubMed dat...Background:Robotic surgery is a complex innovation intervention.Recently,the number of robotic surgery case reports is increasing,but there is unclear on its reporting and methodological quality.Methods:The PubMed database will be searched with high-specificity search strategy from Jan 1,2012 to Aug 1,2018 to identify relevant records.Microsoft Excel 2016 will be used to generate random number and to select 100 robotic surgery case reports according our eligibility criteria.A data extraction form will be used to extract relevant information including first author,year of publication,journal,etc.The CARE guideline and JBI checklist will be used to separately assess the reporting and methodological quality of included studies.The data extraction and assessment of quality will be completed by independent two authors and any disagreement will be resolved through discussion or consulting the third author.Stratified analyses will be conducted based on extracted information.Review Manager 5.3 software will be used to present the results of stratified analyses with Inverse-Variance random-effect model.Results:The study is ongoing and will be submitted to a peerreviewed journal.Conclusion:The present study will summarize evidence on the reporting and methodological quality of robotic surgery case reports,and provide reference for future case reports but not limited to robotic surgery.Ethics and dissemination:Ethical approval is not required because this study will not include any confidential personal data and interventions on the patients.The results of this study will be published in a peerreviewed publication.展开更多
Tunneling is to describe transfer resource out of the firm for benefit of their controlling shareholders. Better legal protection and stronger social norms improve minority shareholders' protection from expropriation...Tunneling is to describe transfer resource out of the firm for benefit of their controlling shareholders. Better legal protection and stronger social norms improve minority shareholders' protection from expropriation. They consequently reduce the private benefits of controlling shareholders (La Porta, 1999). This study aims to investigate tunneling in the context merger and acquisition (M&A) and to examine whether tunneling occurs only in emerging markets with poor law enforcement or whether it also occurs in developed countries. This study documents that managers are more likely to overpay target in merger and acquisition with high overlapped owner which have stakes in bidder and target firm. That overpayment, a transfer of wealth from owners of bidder's firm to overlapping owners, is a type of tunneling. This study concludes that tunneling occurs in nations not only with low investor protection, but also with high investor protection.展开更多
In this paper, the author read Henry James's The Awkward Age and Virginia Woolf's Mrs Dalloway's Party, in order to demonstrate the dialectical moment of London's age and ageless. The age of London is in the chara...In this paper, the author read Henry James's The Awkward Age and Virginia Woolf's Mrs Dalloway's Party, in order to demonstrate the dialectical moment of London's age and ageless. The age of London is in the character of literary works, as Clarissa Dalloway comes to show the reader her feelings while walking on the London street. At the gate of St James Park, she has the dialectical moment of feeling "very young; at the same time unspeakably aged" (Woolf, 2010). That is a moment which represents a particular sense of personal history, when the past comes into one's own living present.展开更多
Like for most parts of High Asia,researches concerning the Pleistocene landscape evolution of the Leh Basin(34°03' N/77°38' E) have also left contradictions.To push this topic,three up to now unexplo...Like for most parts of High Asia,researches concerning the Pleistocene landscape evolution of the Leh Basin(34°03' N/77°38' E) have also left contradictions.To push this topic,three up to now unexplored Ladakh Range tributaries of the Leh Basin(Stagmo-,Arzu-and Nang-Valley) have been investigated.U-shaped profiles,transfluence passes,moraine mantled and glacially rounded peaks and ridges,roches moutonnées,glacial flank polishings and ground moraines document the former glaciation of the study area.The ice fillings of these tributaries reached a minimum thickness up to 540 m.Even at the valley outlets and on the orographic right side of the Leh Basin,the glaciation was more than 350 m thick.Based on these empirically extracted results,theoretical snow line considerations lead to the conclusion that the whole Leh Basin was filled up by a former Indus-Valley glacier.An ice injection limited to the nourishment areas of the Ladakh Range valleys could not have caused the reconstructed ice cover(down to 3236 m a.s.l.),which is proved by extended ground moraine complexes.Only an Indus ice stream network(most likely during the LGP),nourished by inflowing glaciers of the Ladakh-and Stok Range,explains the widespread existence of the glacial sediments at the outlets of the investigated valleys.展开更多
The starting point for the research was the evidence of a possible contradiction in the provisions of IAS 12 on goodwill and deferred income taxes, i.e., about the need to calculate deferred income taxation on tempora...The starting point for the research was the evidence of a possible contradiction in the provisions of IAS 12 on goodwill and deferred income taxes, i.e., about the need to calculate deferred income taxation on temporary differences relating to all assets except for goodwill. This paper aims at exploring the degree of consistency between the theoretical provisions of International Accounting Standards (IAS)/International Financial Reporting Standards (IFRS) and their actual application by the management of Italian and Bulgarian listed companies, as regards the accounting treatments of deferred income taxes relating to the item "goodwill". The findings suggest that there are some differences between the accounting methods used by the management of most Italian listed companies and the provisions of IAS/IFRS. It can be argued that the rules given by IAS/IFRS are sometimes contradictory, since they may cause doubts in interpretation. As a consequence, in the end of the paper, an amendment to the provisions, set forth in IAS/IFRS concerning the accounting treatment of deferred income taxes relating to the item "goodwill", is proposed.展开更多
Compositional distribution and sources of polycyclic aromatic hydrocarbons (PAHs) in Nigerian oil-based drill-cuttings have been studied for evidence of petrogenic and/or pyrogenic effects with recommendations for t...Compositional distribution and sources of polycyclic aromatic hydrocarbons (PAHs) in Nigerian oil-based drill-cuttings have been studied for evidence of petrogenic and/or pyrogenic effects with recommendations for the strict enforcement of the ban on the use of oil-based mud in drilling by government regulatory agencies and prior bio-treatment of the drill cuttings before final fate. A 4000 g mass of the drill cuttings obtained from a mud-pit close to a just-completed crude-oil well in the Niger Delta of Nigeria, 920 g of top-soil, which served as microbes and nutrients carrier and 154g of saw dust and poultry droppings were homogenized in a 10-litre plastic container of very low thermal conductivity. The mix ratio of cuttings to top-soil to saw-dust and poultry' droppings was 26:6:1. Mixing and watering of the reactors were done at 3 days interval under ambient temperature of 30 ℃ for 42 days. GC-FID results showed that the total initial PAHs concentration of the drill-cuttings was 223.52 mg/kg while the initial individual PAHs concentrations ranged from 1.67 to 70.7 mg/kg, dry weight, with a 90% predominance of the combustion-specific 3-mng PAHs. The ratio of anthracene to (phenanthrene + anthracene) = 0.31 was found to be greater than the 0.10 source-criterion for PAHs fraction of molar-mass 178 g/mol while the ratio of fluoranthene to (pyrene + fluoranthene) = 0.40 was found to be less than the 0.50 source-criterion for fraction of molar-mass 202 g/mol suggesting that the PAHs were from pyrogenic and petrogenic sources. Pyrogenic PAHs might be from a possible local heat effect while petrogenic PAHs might be from anthropogenic petroleum fractions in proprietary oil-based mud used in drilling. However, after bioremediation by composting, the total PAHs remaining in the drill cuttings were 4.25 mg/kg (representing a 98.1% reduction). The half-lives of the PAHs in the medium ranged from 8 to 43 days.展开更多
Sexual selection by female mating preference for male nuptial coloration has been suggested as a driving force in the rapid speciation of Lake Victoria cichlid fish. This process could have been facilitated or acceler...Sexual selection by female mating preference for male nuptial coloration has been suggested as a driving force in the rapid speciation of Lake Victoria cichlid fish. This process could have been facilitated or accelerated by genetic associations between female preference loci and male coloration loci. Preferences, as well as coloration, are heritable traits and are probably determined by more than one gene. However, little is known about potential genetic associations between these traits. In turbid water, we found a population that is variable in male nuptial coloration from blue to yellow to red. Males at the extreme ends of the phenotype distribution resemble a reproductively isolated species pair in clear water that has diverged into one species with blue-grey males and one species with bright red males. Females of the turbid water population vary in mating preference coinciding with the male phenotype distribution. For the current study, these females were mated to blue males. We measured the coloration of the sires and male offspring. Parents-offspring regression showed that the sires did not affect male offspring coloration, which confirms earlier findings that the blue species breeds true. In contrast, male offspring coloration was determined by the identity of the dams, which suggests that there is heritable variation in male color genes between females. However, we found that mating preferences of the dams were not correlated with male offspring coloration. Thus, there is no evidence for strong genetic linkage between mating preference and the preferred trait in this population [Current Zoology 56 (1): 57-64 2010].展开更多
This study seeks to examine the influence of board skill, multiple directorships (BSHIP), and tenure of independent directors on accounting conservatism, as measured by asymmetric timeliness and accrual-based conser...This study seeks to examine the influence of board skill, multiple directorships (BSHIP), and tenure of independent directors on accounting conservatism, as measured by asymmetric timeliness and accrual-based conservatism (CONACCR). Fixed-effect regression models were constructed on a sample of 2016 firm-year observations for asymmetric timeliness model and 2033 firm-year observations for CONACCR model, which covered from 2001 to 2007. The findings show that the degree of financial expertise on the board is positively associated with the recognition of bad news which is relative to good news into earnings. BSHIP appears to have no effect on conservatism. Independent directors who have longer tenure in the board of the firms are slower in recognizing bad news which is relative to good news into earnings. The study provides empirical evidence on the effectiveness of the board of directors, which will be an interest to the practitioner or regulators in reviewing the corporate governance regulations.展开更多
Climate variation generally occurs at local scale, regional scale, national scale and global scale. Having established that the global climate has varied slowly over the past millennia, centuries, and decades and it i...Climate variation generally occurs at local scale, regional scale, national scale and global scale. Having established that the global climate has varied slowly over the past millennia, centuries, and decades and it is expected to continue to vary in future. Like the climate change, variability may be due to, national internal processes within the climate (internal variability), or variations in natural or anthropogenic external forces (external variability). Evidence of climate variations is now well documented, and the implications are becoming increasingly clear as data accumulates and data and climate models become increasingly sophisticated. The fluctuations in rainfall and temperature regimes are the atmospheric driving forces that are responsible for the climate variations over the southeastern Nigeria including Imo State as the case in other parts of the world. It is on this premise that this study examined the evidence of climate variability in Imo State of the southeastern Nigeria. The study employed the holistic use of real meteorological data from Nigerian Meteorological Department on two weather parameters (temperature and rainfall), for 30 years (1980-2009). Results indicated fluctuations in temperature and rainfall regimes within the period under study, which were the reasons for the variations in climate of the region. Apparently, evidence of climate variability are indicated by increasing surface air temperature, increasing heat waves which enhances disease vectors, communicable diseases and epidemics, sea level rise and associated coastal erosion, flooding, increased evaporation that dry up streams and rivers etc..展开更多
Bulgarian cultural heritage is the most important part of the national wealth and a major factor in the accreditation of the Bulgarian cultural identity. Preservation of cultural and historical heritage valuables of o...Bulgarian cultural heritage is the most important part of the national wealth and a major factor in the accreditation of the Bulgarian cultural identity. Preservation of cultural and historical heritage valuables of one nation determines its development and presents an integrated project for their use in accordance with the contemporary needs of the society. Sustainable management and adaptation of Bulgarian cultural and historical heritage buildings are a guarantee for preservation of their value, including social, economical, political, scientific, aesthetic, philosophical, spiritual, architectural, structural, archeological and sentimental aspects of this value. Regarding to this, structural preservation presents a priority of the sustainable management of Bulgarian cultural and historical heritage buildings. For that type of buildings, the traditional methods for structural strengthening are not applicable and the development of individual rehabilitation programs is required. They must always reflect the specific conditions and building's importance. The existing technical regulations in Bulgaria are presented and general recommendations for their applications and future development are done. Regarding to the Bulgarian current law and governing regulations, the implementation plan for the conservation and management is presented in this paper. Based on the analysis of the principles of the sustainable management and especially of the structural preservation, some general conclusions are made.展开更多
This study examines the effect of audit quality (AQ) on the earnings response coefficient (ERC) based on a sample of 1,884 firm-year observations comprising 471 firms listed on the Bursa Malaysia from 2007 to 2010...This study examines the effect of audit quality (AQ) on the earnings response coefficient (ERC) based on a sample of 1,884 firm-year observations comprising 471 firms listed on the Bursa Malaysia from 2007 to 2010. This study tests whether AQ affects ERC after controlling the established determinants of ERC: beta, growth, earnings persistence, and size. Using reverse regression, the study confirms that Big 4 is significant and positive to ERC. Auditor switching from non-Big 4 to Big 4 indicates the same results; however, the switching of auditors among Big 4 is not significant. The study thus provides systematic and comprehensive additional evidence on the effect of AQ via the measurement of Big 4; and auditor switching from non-Big 4 to Big 4 and switching among Big 4 on ERC. This is an important contribution to the literature but especially so given that the evidence comes from Malaysia, an emerging economy, whereas the existing empirical literature relates mainly to the developed countries.展开更多
文摘Prior research documents income-decreasing earnings management in the situation when true earnings exceed the targets by a substantial amount and in the situation when true earnings fall far below the targets and accounting reserves are not sufficient to reach the targets. These two situations are well-known as cookie jar and big bath earnings management. True earnings are defined as pre-managed earnings (PMEs) and are measured as reported earnings minus adjusted discretionary accruals (DAs). However, the use of PMEs can induce a spurious association between earnings management and PMEs above or below the benchmarks, which are known as the backing-out problem (Lim & Lustgarten, 2002). This study reexamines the cookie jar and big bath type of earnings management and addresses in particular the issue of backing-out problem. By using an Australian sample of 3,326 observations covering all listed firms in the Australian Securities Exchange (ASX) for a period from 1999 to 2006, this study suggests that the finding of cookie jar accounting is not simply a consequence of the backing-out problem. The results show that an income-decreasing earnings management occurs when PMEs are well above the targets. This is consistent with the first argument of cookie jar accounting--Finns reduce current earnings in order to save some income for the future. However, the results do not support the big bath accounting theory.
文摘Background:Robotic surgery is a complex innovation intervention.Recently,the number of robotic surgery case reports is increasing,but there is unclear on its reporting and methodological quality.Methods:The PubMed database will be searched with high-specificity search strategy from Jan 1,2012 to Aug 1,2018 to identify relevant records.Microsoft Excel 2016 will be used to generate random number and to select 100 robotic surgery case reports according our eligibility criteria.A data extraction form will be used to extract relevant information including first author,year of publication,journal,etc.The CARE guideline and JBI checklist will be used to separately assess the reporting and methodological quality of included studies.The data extraction and assessment of quality will be completed by independent two authors and any disagreement will be resolved through discussion or consulting the third author.Stratified analyses will be conducted based on extracted information.Review Manager 5.3 software will be used to present the results of stratified analyses with Inverse-Variance random-effect model.Results:The study is ongoing and will be submitted to a peerreviewed journal.Conclusion:The present study will summarize evidence on the reporting and methodological quality of robotic surgery case reports,and provide reference for future case reports but not limited to robotic surgery.Ethics and dissemination:Ethical approval is not required because this study will not include any confidential personal data and interventions on the patients.The results of this study will be published in a peerreviewed publication.
文摘Tunneling is to describe transfer resource out of the firm for benefit of their controlling shareholders. Better legal protection and stronger social norms improve minority shareholders' protection from expropriation. They consequently reduce the private benefits of controlling shareholders (La Porta, 1999). This study aims to investigate tunneling in the context merger and acquisition (M&A) and to examine whether tunneling occurs only in emerging markets with poor law enforcement or whether it also occurs in developed countries. This study documents that managers are more likely to overpay target in merger and acquisition with high overlapped owner which have stakes in bidder and target firm. That overpayment, a transfer of wealth from owners of bidder's firm to overlapping owners, is a type of tunneling. This study concludes that tunneling occurs in nations not only with low investor protection, but also with high investor protection.
文摘In this paper, the author read Henry James's The Awkward Age and Virginia Woolf's Mrs Dalloway's Party, in order to demonstrate the dialectical moment of London's age and ageless. The age of London is in the character of literary works, as Clarissa Dalloway comes to show the reader her feelings while walking on the London street. At the gate of St James Park, she has the dialectical moment of feeling "very young; at the same time unspeakably aged" (Woolf, 2010). That is a moment which represents a particular sense of personal history, when the past comes into one's own living present.
文摘Like for most parts of High Asia,researches concerning the Pleistocene landscape evolution of the Leh Basin(34°03' N/77°38' E) have also left contradictions.To push this topic,three up to now unexplored Ladakh Range tributaries of the Leh Basin(Stagmo-,Arzu-and Nang-Valley) have been investigated.U-shaped profiles,transfluence passes,moraine mantled and glacially rounded peaks and ridges,roches moutonnées,glacial flank polishings and ground moraines document the former glaciation of the study area.The ice fillings of these tributaries reached a minimum thickness up to 540 m.Even at the valley outlets and on the orographic right side of the Leh Basin,the glaciation was more than 350 m thick.Based on these empirically extracted results,theoretical snow line considerations lead to the conclusion that the whole Leh Basin was filled up by a former Indus-Valley glacier.An ice injection limited to the nourishment areas of the Ladakh Range valleys could not have caused the reconstructed ice cover(down to 3236 m a.s.l.),which is proved by extended ground moraine complexes.Only an Indus ice stream network(most likely during the LGP),nourished by inflowing glaciers of the Ladakh-and Stok Range,explains the widespread existence of the glacial sediments at the outlets of the investigated valleys.
文摘The starting point for the research was the evidence of a possible contradiction in the provisions of IAS 12 on goodwill and deferred income taxes, i.e., about the need to calculate deferred income taxation on temporary differences relating to all assets except for goodwill. This paper aims at exploring the degree of consistency between the theoretical provisions of International Accounting Standards (IAS)/International Financial Reporting Standards (IFRS) and their actual application by the management of Italian and Bulgarian listed companies, as regards the accounting treatments of deferred income taxes relating to the item "goodwill". The findings suggest that there are some differences between the accounting methods used by the management of most Italian listed companies and the provisions of IAS/IFRS. It can be argued that the rules given by IAS/IFRS are sometimes contradictory, since they may cause doubts in interpretation. As a consequence, in the end of the paper, an amendment to the provisions, set forth in IAS/IFRS concerning the accounting treatment of deferred income taxes relating to the item "goodwill", is proposed.
文摘Compositional distribution and sources of polycyclic aromatic hydrocarbons (PAHs) in Nigerian oil-based drill-cuttings have been studied for evidence of petrogenic and/or pyrogenic effects with recommendations for the strict enforcement of the ban on the use of oil-based mud in drilling by government regulatory agencies and prior bio-treatment of the drill cuttings before final fate. A 4000 g mass of the drill cuttings obtained from a mud-pit close to a just-completed crude-oil well in the Niger Delta of Nigeria, 920 g of top-soil, which served as microbes and nutrients carrier and 154g of saw dust and poultry droppings were homogenized in a 10-litre plastic container of very low thermal conductivity. The mix ratio of cuttings to top-soil to saw-dust and poultry' droppings was 26:6:1. Mixing and watering of the reactors were done at 3 days interval under ambient temperature of 30 ℃ for 42 days. GC-FID results showed that the total initial PAHs concentration of the drill-cuttings was 223.52 mg/kg while the initial individual PAHs concentrations ranged from 1.67 to 70.7 mg/kg, dry weight, with a 90% predominance of the combustion-specific 3-mng PAHs. The ratio of anthracene to (phenanthrene + anthracene) = 0.31 was found to be greater than the 0.10 source-criterion for PAHs fraction of molar-mass 178 g/mol while the ratio of fluoranthene to (pyrene + fluoranthene) = 0.40 was found to be less than the 0.50 source-criterion for fraction of molar-mass 202 g/mol suggesting that the PAHs were from pyrogenic and petrogenic sources. Pyrogenic PAHs might be from a possible local heat effect while petrogenic PAHs might be from anthropogenic petroleum fractions in proprietary oil-based mud used in drilling. However, after bioremediation by composting, the total PAHs remaining in the drill cuttings were 4.25 mg/kg (representing a 98.1% reduction). The half-lives of the PAHs in the medium ranged from 8 to 43 days.
基金supported by the Netherlands Science Fotmdation (NWO-ALW 810.64.011)research grants from Leiden University Fundthe Schure-Beijerinck-Popping Foundation
文摘Sexual selection by female mating preference for male nuptial coloration has been suggested as a driving force in the rapid speciation of Lake Victoria cichlid fish. This process could have been facilitated or accelerated by genetic associations between female preference loci and male coloration loci. Preferences, as well as coloration, are heritable traits and are probably determined by more than one gene. However, little is known about potential genetic associations between these traits. In turbid water, we found a population that is variable in male nuptial coloration from blue to yellow to red. Males at the extreme ends of the phenotype distribution resemble a reproductively isolated species pair in clear water that has diverged into one species with blue-grey males and one species with bright red males. Females of the turbid water population vary in mating preference coinciding with the male phenotype distribution. For the current study, these females were mated to blue males. We measured the coloration of the sires and male offspring. Parents-offspring regression showed that the sires did not affect male offspring coloration, which confirms earlier findings that the blue species breeds true. In contrast, male offspring coloration was determined by the identity of the dams, which suggests that there is heritable variation in male color genes between females. However, we found that mating preferences of the dams were not correlated with male offspring coloration. Thus, there is no evidence for strong genetic linkage between mating preference and the preferred trait in this population [Current Zoology 56 (1): 57-64 2010].
文摘This study seeks to examine the influence of board skill, multiple directorships (BSHIP), and tenure of independent directors on accounting conservatism, as measured by asymmetric timeliness and accrual-based conservatism (CONACCR). Fixed-effect regression models were constructed on a sample of 2016 firm-year observations for asymmetric timeliness model and 2033 firm-year observations for CONACCR model, which covered from 2001 to 2007. The findings show that the degree of financial expertise on the board is positively associated with the recognition of bad news which is relative to good news into earnings. BSHIP appears to have no effect on conservatism. Independent directors who have longer tenure in the board of the firms are slower in recognizing bad news which is relative to good news into earnings. The study provides empirical evidence on the effectiveness of the board of directors, which will be an interest to the practitioner or regulators in reviewing the corporate governance regulations.
文摘Climate variation generally occurs at local scale, regional scale, national scale and global scale. Having established that the global climate has varied slowly over the past millennia, centuries, and decades and it is expected to continue to vary in future. Like the climate change, variability may be due to, national internal processes within the climate (internal variability), or variations in natural or anthropogenic external forces (external variability). Evidence of climate variations is now well documented, and the implications are becoming increasingly clear as data accumulates and data and climate models become increasingly sophisticated. The fluctuations in rainfall and temperature regimes are the atmospheric driving forces that are responsible for the climate variations over the southeastern Nigeria including Imo State as the case in other parts of the world. It is on this premise that this study examined the evidence of climate variability in Imo State of the southeastern Nigeria. The study employed the holistic use of real meteorological data from Nigerian Meteorological Department on two weather parameters (temperature and rainfall), for 30 years (1980-2009). Results indicated fluctuations in temperature and rainfall regimes within the period under study, which were the reasons for the variations in climate of the region. Apparently, evidence of climate variability are indicated by increasing surface air temperature, increasing heat waves which enhances disease vectors, communicable diseases and epidemics, sea level rise and associated coastal erosion, flooding, increased evaporation that dry up streams and rivers etc..
文摘Bulgarian cultural heritage is the most important part of the national wealth and a major factor in the accreditation of the Bulgarian cultural identity. Preservation of cultural and historical heritage valuables of one nation determines its development and presents an integrated project for their use in accordance with the contemporary needs of the society. Sustainable management and adaptation of Bulgarian cultural and historical heritage buildings are a guarantee for preservation of their value, including social, economical, political, scientific, aesthetic, philosophical, spiritual, architectural, structural, archeological and sentimental aspects of this value. Regarding to this, structural preservation presents a priority of the sustainable management of Bulgarian cultural and historical heritage buildings. For that type of buildings, the traditional methods for structural strengthening are not applicable and the development of individual rehabilitation programs is required. They must always reflect the specific conditions and building's importance. The existing technical regulations in Bulgaria are presented and general recommendations for their applications and future development are done. Regarding to the Bulgarian current law and governing regulations, the implementation plan for the conservation and management is presented in this paper. Based on the analysis of the principles of the sustainable management and especially of the structural preservation, some general conclusions are made.
文摘This study examines the effect of audit quality (AQ) on the earnings response coefficient (ERC) based on a sample of 1,884 firm-year observations comprising 471 firms listed on the Bursa Malaysia from 2007 to 2010. This study tests whether AQ affects ERC after controlling the established determinants of ERC: beta, growth, earnings persistence, and size. Using reverse regression, the study confirms that Big 4 is significant and positive to ERC. Auditor switching from non-Big 4 to Big 4 indicates the same results; however, the switching of auditors among Big 4 is not significant. The study thus provides systematic and comprehensive additional evidence on the effect of AQ via the measurement of Big 4; and auditor switching from non-Big 4 to Big 4 and switching among Big 4 on ERC. This is an important contribution to the literature but especially so given that the evidence comes from Malaysia, an emerging economy, whereas the existing empirical literature relates mainly to the developed countries.