大股东控制下的家族式药企内部控制风险研究

受中国传统思想的影响,中国的家族式企业数量要远多于外国,且普遍存在大股东控制现象。近年来,多家制药类企业财务造假等违法违规事件频发,除了与监管不严、违法成本低等因素外,与我国家族式企业的内部控制制度存在诸多漏洞也有重要关系。所以,完善家族式制药类企业内部控制制度具有非常重要的现实意义。本文通过对家族式药企内部控制风险进行实证分析探究一股独大导致的内控风险为,减少财务造造假事件的发生提出自己的见解。

Familial and Territorial Values for Sustainable Entrepreneurship in Italy： Some Reflections in Theory and Practice]

This study reflects the specificities of family small- and medium-sized enterprises （SMEs） which are related to values, culture, and relationships with the territory （local context）. In the following sustainable and corporate social responsibility （CSR）-oriented strategies, family businesses are ＂assisted＂ by the presence of entrepreneurial values which are tied to and derived from the social system in the territory in which they are located. The aim of this study is to demonstrate that the consolidation of stable and durable relations between the family business and the local context depends on the presence of shared values between the members of the family and the stakeholders, all components of civil society are within the same territory. Such values are the fruit of a given territory＇s civic traditions. They are the result of an anthropological culture which is typical of the socioeconomic environment in which the entrepreneur, the family, and the business are all rooted, thus, they are expressions of a culture ＂of the place＂.

Could Acceptance Predict Commitment in Organisational Change？ Impact of Changes Caused by Succession From the Viewpoint of Non-family Employees in Small Family Firms

Family business predecessor announced to staff that with his son, he is going to commence a succession process in the family firm. Two of the key employees rose and announced their intention to leave the company after the predecessor passed leadership of the firm to successor. In a firm with a total number of nine employees, such a situation can prove catastrophic. Why did these employees react that way？ What is behind their motivation？ Using these two employees as examples, this study discusses the elements which influence the development and continuance of employees＇ organisational commitment. Inspired by the example, this study gives answers by means of qualitative research methods to the following research questions： Could acceptance predict the development and continuation of organisational commitment during a process of organisational change and how do the concepts of psychological acceptance adaptation and organisational commitment link together in employee cognitive processing during organisational change？ The empirical setting of this study includes seven small family fLrms and the study has carded out an overview of family business succession （FBS） from the viewpoint of non-family employees in Finnish and Irish family firms. Results of the study indicate how employees＇ commitment forms and changes during a certain change process. A key element for development and the continuance of commitment is acceptance. As an outcome of this paper, a new model will be developed where acceptance, adaptation, and commitment （AAC-model） are combined, in essence, three dimensions （functional, legal-economic, and psychological） of changes in FBS.

Accounting Practice in Agricultural Enterprises in Turkey

Agricultural sector is vital for human beings, it provides stuffto the other sectors and it contributes to employment considerably. A large proportion of the exportation of Turkey is made from the agricultural products. Thereby it can be said that the agricultural sector is one of the main sectors contributing to the economy of the country considerably. But it＇s known that the sector is affected by some risks and uncertainities such as： sector＇s being made-up of family-owned companies, its being sensitive to the weather conditions, the long process of buying products, the work＇s being seasonal, self-consumption, the difficulty in accounting the cost, unrecorded agricultural transactions. Within this context to determine the sector＇s contribution to the country＇s economy clearly is related to recording the agricultural transactions properly and choosing the realistic methods and implementations. But despite the importance that agricultural transactions carry, the rules of recognition of the related transactions stay at an area that is not much worked on by the operators and researchers till the accounting postulates published. One reason for this is the sector, which is generally made-up of family-owned companies, and the operators have a general view point that accounting is not the purpose of management but taxation. In recent years with the international development of economy and technology, it＇s seen that big investors have entered the sector. With the changed system of trade, agricultural sector became a strategic sector. In this respect, in-depth data and information, acquired from accounting system, became very important. In this study, the principles and the rules that are applied in the agricultural transactions within the frame of international accounting standards are explained. In which account group should be the biological assets that are agricultured and agricultural products according to their qualities, which accounts are used, and how they are recognitioned are explained. In this context, in the study the examples which are related with the implementation are given over annual plants and prennial plants. The differences between the accounts that are used, are mentioned over by these examples.

Corporate governance mechanisms and performance： Analysis of Malaysian family and non-family controlled companies

Most study concentrating on family and non-family companies is conducted overseas with little research carried out in Malaysia. This study examined the impact of corporate governance mechanisms on family and non-family controlled companies＇ performance. The sample size of this study is 730 companies listed on Bursa Malaysia from 2003 to 2007. The findings reveal that corporate governance mechanisms influence the family and non-family controlled companies＇ performance. But not all corporate governance mechanisms are significant. The significant variables differ between family and non-family controlled companies. Thus, regulators need to be vigilant that family and non-family controlled companies practise differently and to set different code needed for each type of families.

Analysis of the Critical Aspects of the Generational Turnover in Family Small- and Medium-Sized Enterprises （SMEs）

Family businesses, which aim at surviving today, have to deal with a precise modality： To ensure their continuity, entrepreneurs have to ensure the transfer of leadership from one generation to another inside of them. We do believe that this matter is worth being analyzed, since the succession, from one generation to another, can be considered as a crucial variable in maintaining family small- and medium-sized enterprises （SMEs） over time. Therefore, after investigating the main features, problems, and factors leading to the succession processes, in the second part of this article, an empirical analysis will be carried out, by comparing several European countries on the basis of data from the European Commission. This article contributes to enriching, from a theoretical point of view, the conceptual framework used for investigating the dynamics in the continuity of SMEs. Moreover, empirically, it contributes to the increasing literature on family businesses by comparing several European countries in order to understand what originates the longevity of family SMEs.

Do Small Family Firms Outperform Non-family Firms？ A Research Agenda Based on Agency and Stewardship Theories＊

The aim of this study is to examine the effects of family involvement and altruism on agency costs of equity and debt, as well on the performance of small family businesses. To achieve this objective, the authors reviewed the literature on family business. Drawing from agency theory and stewardship theory, the authors also proposed a research model that highlights the links among the variables. In so doing, this paper makes some contributions to the literature in three ways. Firstly, it takes an integrative framework that may help to explain behaviors oriented towards maximizing potential performance within a context in which pro-organizational attitudes co-exist with self-serving motivations. Secondly, it advances the understanding of corporate governance mechanisms in small family businesses, and finally, it deepens the discussion of prior research by advancing a set of propositions based on two theoretical approaches. Thus, the authors believe that a systematic comparison of different contexts provides new insights into small family business governance. The implications and directions for future research are in the last section.

Family Firms and the Market Reaction to Dividend News

This paper provides an analysis of the market reaction to dividend change announcements for publicly-traded, family-controlled firms. Family firms have a significantly lower proportion of independent directors than non-family firms, which is consistent with the idea that family members dominate the board of directors and that family shareholders are common in publicly-traded firms. The author analyzed 390 dividend change announcements in Portugal over the period from 1991 to 2010 using a panel data approach. The results show no evidence of a significant market reaction to dividend change announcements, providing no evidence in support of the dividend-signaling hypothesis in the context of family firms. This conclusion agrees with previous studies in which there was no distinction between family and non-family firms. Empirical results show that family firms engage in lower payouts than their non-family counterparts, giving some supports to the expropriation hypothesis. This finding may indicate that families expropriate the wealth of shareholders through lower dividends. This result is also consistent with the clientele theory of dividends.

How Many Family Businesses Are There Really and Does ICT and Innovation Improve Their Performance？

Depending on the source, a reader may be left with the impression that Family Businesses （FBs） typically account for between 75% and 95% of all enterprises operating in an economy. This study, using official structural business statistics from Ireland, suggests that in fact family businesses may account for a considerably smaller share of the business economy, something closer to 46%. This paper attempts to explain how such a discrepancy can arise. Using the Annual Services Inquiry compiled by the Central Statistics Office （CSO） as the anchor dataset, micro data are linked to the e-Commerce and ICT survey, Community Innovation Survey and VAT registrations datasets in order to determine whether labour productivity in Family Businesses （FBs） is significantly different to that of Non-Family Businesses （NFBs） and if Information and Communication Technologies （ICT） or innovation has an impact. The paper also highlights the significant impact that Foreign Direct Investment （FDI） makes to the Irish economy. This analysis is particularly relevant for a small open economy like Ireland where 31% of traded services GVA and 15% of employment is generated by multinational enterprises.

The Empirical Research on Family Ownership and Earning Quality in China

Corporate governance takes an important role in affecting the quality of accounting information. Since the ownership structure determines the method and the level of the corporate governance and the right of control, supervision, and the benefit, it can decide the quality of information and affect the earning quality. This paper examines if the ownership concentration affects the earning quality in family-owned companies in China. Using the data of 298 publicly-traded corporations in China, this paper finds that the controlling shareholders are associated with low earning quality and that the separation of control rights and cash flow rights is negatively associated with the earning quality of family ownership.

Harmony, Productivity, and Informed Decision Making： The Fundamental Competencies of the Chief Emotional Officer

Existing in most family firms, the chief emotional officer （CEmO） is the enigmatic heart of the organisation, linking family harmony with business performance and productivity. The literature is rich in acknowledging the existence and value of the CEmO in family firms, but little is said of the abilities mastered by CEmOs and how organisations can leverage the value of the CEmO through professional development. It is this nexus that this paper aims to fill. Commencing with an exploration of the literature on the purpose and value of the CEmO, key findings are advanced through interviews and a focus group. The specific site of research selected is one rich in family business in which to explore the CEmO phenomenon--the bus and coach industry in Victoria, Australia. Revealed is the fundamental competencies of the CEmO, being their adept ability to facilitate harmony, drive productive and focus values-based decision making in family firms. The outcomes that these competencies achieve and the obstacles and challenges of the CEmO role are also presented. Concluding remarks ask how the CEmO and these core competencies can be developed in a role that is often unstructured, intuitive, and unrecognised within the firm.

Does Size Matter？ How Firm Size Affects Social Externalities and Community and Regional Development

This study shows how family firm size affects the extent to which bus and coach operators in Australia interact with and contribute to their community by quantifying the value of eight social externalities and presenting the results, using the number of staff and the number of buses per operator as the denominators. The study highlights how a transaction between the government, as buyer, and the bus operator, as seller of services, can affect an external factor that being community and regional development. The results suggest that the small- and medium-sized family firm bus operators are the governance models most likely to contribute toward achieving community and regional development outcomes, which in turn, highlights the importance placed on the achievement of the non-financial goals of family firms and the socio-emotional wealth of the community in which it is embedded. This study suggests that it is possible that contracting bus-services for social value, rather than just lowest price, would create greater benefit for the community and this would offset any gains in economic efficiency achieved by large and non-family firms.

The Influence of Familial Reference Groups on Consumer Decisions in Different Culture Context

This paper examines the influence of familial reference groups on individuals＇ product and brand decisions for products across two kinds of culture. The study is addressed through an examination of intergenerational influences across the two different cultures. The results of the study lend support to the original approach and also provide an insight look into how reference group influence may vary depending on different culture context. The paper also provides very useful advice for marketers when they apply western marketing concepts in China market.

Hakka Ethnic＇ s History of Pioneering Analysis of Women＇s Entrepreneurship --In Miaoli County

People pay much more attention on females who start their own business in the past two decades. One reason is that the notion of gender equality is brought into practice, therefore, starting a business is no longer for male only. Another reason is that female entrepreneurs can also improve their social status and drive the economy by starting their own enterprises. The purpose of microfinanee programs is to encourage women to start an enterprise. Moreover, women can get financial sustainability, poverty alleviation, and more female empowerment through their business. The research applies the conception of microfinance programs to discuss if 10 Hakka female entrepreneurs can achieve the effect of empowerment through the promotion of economic ability. Furthermore, the research focuses on Hakka female entrepreneurs in Miaoli area, and probes into entrepreneurial situations and difficulties in order to find out what can be empowered for expanding their business.

低调背后的华丽 访LOTTUSSE总裁Juan Antonio Fluxa

清新迷人的地中海小岛注定了它与时尚的不解之缘,LOTTUSSE 这个闻名欧洲的百年老牌皮具,多年来坚持着对手工工艺及完美品质执着追求,并在传统与个性,继承与颠覆之间不断寻求平衡,为您带来古典主义与现在元素相结合的艺术精品。喜爱 LOTTUSSE 的人,爱的大多是它的低调优雅,华丽而矜持,LOTTUSSE 将优雅风格与尊贵气度贯彻始终,就算是轻松随意的运动风格,也要有典雅的细节。它醉心时尚却又不随波逐流,将西班牙人与生俱来的热烈奔放融入到设计中,使其灵动着无限之激情与活力。

吴晓波:大公司的烦恼病

公司有大小,管理无高低《齐鲁周刊》:从《大败局Ⅱ》托普、顺驰等案例中,您得出了这样的结论:绝大多数公司的失败,都是因为忽视了经营管理最基本的原则,失去了对管理本质的把握。您这里定义的"管理的本质"是什么?吴晓波:公司规模有大小之别,但管理并无高低之分。很多人都错误地认为:大公司的烦恼会更高级些,其实这是个误区。所谓麻雀虽小,五脏俱全,公司经营所遵循的,永远是最基本的原则。比如说现金流问题。

纺织品全球观

全球纺织品公司的高管们齐集在2011年秋冬Milano Unica米兰纺织品展上,谈论着纺织品市场气温的温和回升。面对原材料价格历史性通胀带来的挑战,纺织业似乎已逐渐适应并稳定了下来。

From Family Business Management to Professional Management in a Time-Honored Brand： The Case of Fu Yuan Guan

This case describes the development process of Fu Yuan Guan, a Chinese time-honored brand. Through privatization, Fu Yuan Guan survived and rapidly captured its market. However, the family business management style proved to be a bottleneck during further expansion. There is a need to recruit qualified professional managers to improve the overall management of the firm but it seems there are challenges in doing so. This case describes the daily operationalization of this family firm together with the approach of top managers, with the purpose of exhibiting how its internal management is implemented.