We provide evidence on the effect of the presentation format and information content of Internet financial reporting on the market value of American Depository Receipts and on country-specific variables that drive Int...We provide evidence on the effect of the presentation format and information content of Internet financial reporting on the market value of American Depository Receipts and on country-specific variables that drive Internet financial reporting. A two-stage Heckman approach was used to determine if Internet financial reporting adds incremental value to firms beyond the decision to cross-list in the United States. The results indicate that investors more highly value firms that provide information in multiple formats. We also find that country-specific variables affect the information content, but not the presentation format of disclosures on corporate websites. The results uncover a disconnection between what the market values （presentation format） and what the firms believe the market values （information content）. This implies that firms are not entirely aware of investors＇ information wants and that they are not utilizing their resources in the manner that will have the most impact on their market value.展开更多
Using panel data from 2012 to 2020 for publicly traded Chinese companies, we explored the efficacy in mitigation of tax information asymmetry to combat profit shifting and transnational tax avoidance. Our empirical an...Using panel data from 2012 to 2020 for publicly traded Chinese companies, we explored the efficacy in mitigation of tax information asymmetry to combat profit shifting and transnational tax avoidance. Our empirical analysis revealed that, after the implementation of the inaugural multilateral automatic information exchange system known as the Common Reporting Standard, there was a statistically significantly increase in the effective tax rate by 1.4 percentage points, accompanied by an increase in instances of tax compliance. These trends were discernibly associated with a reduction in profit shifting and notable changes in reported profit margins, particularly influenced by actions related to debt shifting and strategic management of intellectual property assets. These findings underscore the strong connection between these effects and various factors such as investment destinations, asset portfolios, and industry classifications. The results imply a prospective decline in the incidence of cross-border tax avoidance by Chinese multinational entities and demonstrate the potential of emerging international tax cooperation frameworks for curbing the global tax avoidance practices of multinational corporations.展开更多
This paper compares the differences of information presentation in the straight news reports about international air disasters in ChD （China Daily） and NYT （The New York Times）. The type of straight news report is...This paper compares the differences of information presentation in the straight news reports about international air disasters in ChD （China Daily） and NYT （The New York Times）. The type of straight news report is regarded as the most objective news report in the journalistic field. The purpose of this research is to find out the different journalistic cultures or orientations between Chinese and American newspapers when they report the same world event. This paper finds that ChD prefers to provide more information for the consequences of the event and reactions to it usually by making general and static statements. NYT attaches more importance to background introduction and is more liable to use detailed and dynamic description展开更多
As an important corporate govemance mechanism, external audit helps to improve corporate economic performance. Social responsibility report audit can supervise and constrain the disclosure of corporate social responsi...As an important corporate govemance mechanism, external audit helps to improve corporate economic performance. Social responsibility report audit can supervise and constrain the disclosure of corporate social responsibility information, risk assessment and consulting planning, and improve the quality of information disclosure. Taking 2010-2013 listed companies in Shanghai and Shenzhen as samples for empirical test, we found that social responsibility report audit significantly improved the quality of corporate social responsibility information disclosure. Further study found that the greater the intensity of corporate shareholder oversight, social responsibility report audit on the quality of social responsibility to promote the quality of information disclosure more obvious. In addition, compared with the state-owned enterprises, the supervision of the major shareholders in the private enterprises to a greater extent enhanced the quality of social responsibility information disclosure.展开更多
AIM To establish minimum clinically important difference(MCID) for measurements in an orthopaedic patient population with joint disorders.METHODS Adult patients aged 18 years and older seeking care for joint condition...AIM To establish minimum clinically important difference(MCID) for measurements in an orthopaedic patient population with joint disorders.METHODS Adult patients aged 18 years and older seeking care for joint conditions at an orthopaedic clinic took the Patient-Reported Outcomes Measurement Information System Physical Function(PROMIS~? PF) computerized adaptive test(CAT), hip disability and osteoarthritis outcome score for joint reconstruction(HOOS JR), and the knee injury and osteoarthritis outcome score for joint reconstruction(KOOS JR) from February 2014 to April 2017. MCIDs were calculated using anchorbased and distribution-based methods. Patient reports of meaningful change in function since their first clinic encounter were used as an anchor.RESULTS There were 2226 patients who participated with a mean age of 61.16(SD = 12.84) years, 41.6% male, and 89.7% Caucasian. Mean change ranged from 7.29 to 8.41 for the PROMIS~? PF CAT, from 14.81 to 19.68 for the HOOS JR, and from 14.51 to 18.85 for the KOOS JR. ROC cut-offs ranged from 1.97-8.18 for the PF CAT, 6.33-43.36 for the HOOS JR, and 2.21-8.16 for the KOOS JR. Distribution-based methods estimated MCID values ranging from 2.45 to 21.55 for the PROMIS~? PF CAT; from 3.90 to 43.61 for the HOOS JR, and from 3.98 to 40.67 for the KOOS JR. The median MCID value in the range was similar to the mean change score for each measure and was 7.9 for the PF CAT, 18.0 for the HOOS JR, and 15.1 for the KOOS JR.CONCLUSION This is the first comprehensive study providing a wide range of MCIDs for the PROMIS? PF, HOOS JR, and KOOS JR in orthopaedic patients with joint ailments.展开更多
In sensor networks,the adversaries can inject false data reports from compromised nodes.Previous approaches to filter false reports,e.g.,SEF,only verify the correctness of the message authentication code (MACs) carrie...In sensor networks,the adversaries can inject false data reports from compromised nodes.Previous approaches to filter false reports,e.g.,SEF,only verify the correctness of the message authentication code (MACs) carried in each data report on intermediate nodes,thus cannot filter out fake reports that are forged in a collaborative manner by a group of compromised nodes,even if these compromised nodes distribute in different geographical areas.Furthermore,if the adversary obtains keys from enough (e.g.,more than t in SEF) distinct key partitions,it then can successfully forge a data report without being detected en-route.A neighbor information based false report filtering scheme (NFFS) in wireless sensor networks was presented.In NFFS,each node distributes its neighbor information to some other nodes after deployment.When a report is generated for an observed event,it must carry the IDs and the MACs from t detecting nodes.Each forwarding node checks not only the correctness of the MACs carried in the report,but also the legitimacy of the relative position of these detecting nodes.Analysis and simulation results demonstrate that NFFS can resist collaborative false data injection attacks efficiently,and thus can tolerate much more compromised nodes than existing schemes.展开更多
Environmental accounting is a kind of accounting which focuses on the compensation for the resources spending. It combines the theories of environmental economics and traditional accounting and uses scientific as well...Environmental accounting is a kind of accounting which focuses on the compensation for the resources spending. It combines the theories of environmental economics and traditional accounting and uses scientific as well as systematic ways to coordinate the development of economics and the protection of environment. It is just in the primary process for forestry enterprises in China to introduce the research and practice of environmental accounting. Based on discussion about the principle of environmental information disclosure and analysis on the current situation of the environmental information disclosure of the forestry enterprises, this paper attempted to propose that the supplementary report mode of information disclosure should be appropriate for the forestry enterprises, which provide the balance sheet of environment, the income statement of environment besides the original three financial report to reflect the general environmental information of the enterprise.展开更多
Aims and Scope Hepatobiliary & Pancreatic Diseases International publishes peer-reviewed original papers, reviews (meta-analysis, systematic review) and editorials concerned with clinical practice
Aims and Scope Hepatobiliary & Pancreatic Diseases International publishes peer-reviewed original papers, reviews (meta-analysis, systematic review) and editorials concerned with clinical practice
Aims and Scope Hepatobiliary & Pancreatic Diseases International publishes peer-reviewed original papers, reviews (meta-analysis, systematic review) and editorials concerned with clinical practice and research in ...Aims and Scope Hepatobiliary & Pancreatic Diseases International publishes peer-reviewed original papers, reviews (meta-analysis, systematic review) and editorials concerned with clinical practice and research in the fields of hepatobiliary and pancreatic diseases. Papers cover the medical展开更多
This study investigates the perceived usefulness of selected accounting information presented in the financial statements of small- and medium-sized enterprises （SMEs）. Mailed questionnaires were sent to SMEs＇ owne...This study investigates the perceived usefulness of selected accounting information presented in the financial statements of small- and medium-sized enterprises （SMEs）. Mailed questionnaires were sent to SMEs＇ owner and loan officers in Malaysia. The findings show that the SMEs＇ owners and loan officers have substantially similar views on the usefulness of the accounting information. In addition, this study has found that the academic qualification and time spent in reading the financial statement have significant relationships with the SMEs＇ owners＇ perceptions on the usefulness of the SMEs＇ accounting information, whereas types of business organization, awareness about financial reporting regulation, and level of understanding of the financial statements do not. On the other hand, for the loan officers, accouting expertise, year in position, and awareness about the financial reporting regulation do not have a significant relationship with the loan officers＇ perceptions on the usefulness of the SMEs＇ accounting information. Meanwhile, experience in assessing SMEs＇ financial statements has a significantly negative relationship with the loan officers＇ perceptions on the usefulness of the SMEs＇ accounting information. The results of this study may enable the SMEs＇ managers to realize the informational needs of the users of their financial statements.展开更多
Informal housing can be broadly defined into two types:first,those in which occupants illegally occupy a certain area of a residential location and build a dwelling on the land;second,housing or residential areas whic...Informal housing can be broadly defined into two types:first,those in which occupants illegally occupy a certain area of a residential location and build a dwelling on the land;second,housing or residential areas which do not meet the master plan or building regulations.This report describes and evaluates the infomal housing policies in India,introducing the improvement of the living standards brought on by these policies to the low-income residents of Chennai,while the case of Kannagi Nagar will be used to analyse the adverse effects of said policies.展开更多
文摘We provide evidence on the effect of the presentation format and information content of Internet financial reporting on the market value of American Depository Receipts and on country-specific variables that drive Internet financial reporting. A two-stage Heckman approach was used to determine if Internet financial reporting adds incremental value to firms beyond the decision to cross-list in the United States. The results indicate that investors more highly value firms that provide information in multiple formats. We also find that country-specific variables affect the information content, but not the presentation format of disclosures on corporate websites. The results uncover a disconnection between what the market values （presentation format） and what the firms believe the market values （information content）. This implies that firms are not entirely aware of investors＇ information wants and that they are not utilizing their resources in the manner that will have the most impact on their market value.
基金The authors are grateful for the support of the National Social Science Foundation of China(No.23ZDA097).
文摘Using panel data from 2012 to 2020 for publicly traded Chinese companies, we explored the efficacy in mitigation of tax information asymmetry to combat profit shifting and transnational tax avoidance. Our empirical analysis revealed that, after the implementation of the inaugural multilateral automatic information exchange system known as the Common Reporting Standard, there was a statistically significantly increase in the effective tax rate by 1.4 percentage points, accompanied by an increase in instances of tax compliance. These trends were discernibly associated with a reduction in profit shifting and notable changes in reported profit margins, particularly influenced by actions related to debt shifting and strategic management of intellectual property assets. These findings underscore the strong connection between these effects and various factors such as investment destinations, asset portfolios, and industry classifications. The results imply a prospective decline in the incidence of cross-border tax avoidance by Chinese multinational entities and demonstrate the potential of emerging international tax cooperation frameworks for curbing the global tax avoidance practices of multinational corporations.
文摘This paper compares the differences of information presentation in the straight news reports about international air disasters in ChD （China Daily） and NYT （The New York Times）. The type of straight news report is regarded as the most objective news report in the journalistic field. The purpose of this research is to find out the different journalistic cultures or orientations between Chinese and American newspapers when they report the same world event. This paper finds that ChD prefers to provide more information for the consequences of the event and reactions to it usually by making general and static statements. NYT attaches more importance to background introduction and is more liable to use detailed and dynamic description
文摘As an important corporate govemance mechanism, external audit helps to improve corporate economic performance. Social responsibility report audit can supervise and constrain the disclosure of corporate social responsibility information, risk assessment and consulting planning, and improve the quality of information disclosure. Taking 2010-2013 listed companies in Shanghai and Shenzhen as samples for empirical test, we found that social responsibility report audit significantly improved the quality of corporate social responsibility information disclosure. Further study found that the greater the intensity of corporate shareholder oversight, social responsibility report audit on the quality of social responsibility to promote the quality of information disclosure more obvious. In addition, compared with the state-owned enterprises, the supervision of the major shareholders in the private enterprises to a greater extent enhanced the quality of social responsibility information disclosure.
基金National Institute of Arthritis and Musculoskeletal and Skin Diseases of the National Institutes of Health,No.U01AR067138.
文摘AIM To establish minimum clinically important difference(MCID) for measurements in an orthopaedic patient population with joint disorders.METHODS Adult patients aged 18 years and older seeking care for joint conditions at an orthopaedic clinic took the Patient-Reported Outcomes Measurement Information System Physical Function(PROMIS~? PF) computerized adaptive test(CAT), hip disability and osteoarthritis outcome score for joint reconstruction(HOOS JR), and the knee injury and osteoarthritis outcome score for joint reconstruction(KOOS JR) from February 2014 to April 2017. MCIDs were calculated using anchorbased and distribution-based methods. Patient reports of meaningful change in function since their first clinic encounter were used as an anchor.RESULTS There were 2226 patients who participated with a mean age of 61.16(SD = 12.84) years, 41.6% male, and 89.7% Caucasian. Mean change ranged from 7.29 to 8.41 for the PROMIS~? PF CAT, from 14.81 to 19.68 for the HOOS JR, and from 14.51 to 18.85 for the KOOS JR. ROC cut-offs ranged from 1.97-8.18 for the PF CAT, 6.33-43.36 for the HOOS JR, and 2.21-8.16 for the KOOS JR. Distribution-based methods estimated MCID values ranging from 2.45 to 21.55 for the PROMIS~? PF CAT; from 3.90 to 43.61 for the HOOS JR, and from 3.98 to 40.67 for the KOOS JR. The median MCID value in the range was similar to the mean change score for each measure and was 7.9 for the PF CAT, 18.0 for the HOOS JR, and 15.1 for the KOOS JR.CONCLUSION This is the first comprehensive study providing a wide range of MCIDs for the PROMIS? PF, HOOS JR, and KOOS JR in orthopaedic patients with joint ailments.
基金Projects(61173169,61103203,70921001)supported by the National Natural Science Foundation of ChinaProject(NCET-10-0798)supported by Program for New Century Excellent Talents in University of China
文摘In sensor networks,the adversaries can inject false data reports from compromised nodes.Previous approaches to filter false reports,e.g.,SEF,only verify the correctness of the message authentication code (MACs) carried in each data report on intermediate nodes,thus cannot filter out fake reports that are forged in a collaborative manner by a group of compromised nodes,even if these compromised nodes distribute in different geographical areas.Furthermore,if the adversary obtains keys from enough (e.g.,more than t in SEF) distinct key partitions,it then can successfully forge a data report without being detected en-route.A neighbor information based false report filtering scheme (NFFS) in wireless sensor networks was presented.In NFFS,each node distributes its neighbor information to some other nodes after deployment.When a report is generated for an observed event,it must carry the IDs and the MACs from t detecting nodes.Each forwarding node checks not only the correctness of the MACs carried in the report,but also the legitimacy of the relative position of these detecting nodes.Analysis and simulation results demonstrate that NFFS can resist collaborative false data injection attacks efficiently,and thus can tolerate much more compromised nodes than existing schemes.
文摘Environmental accounting is a kind of accounting which focuses on the compensation for the resources spending. It combines the theories of environmental economics and traditional accounting and uses scientific as well as systematic ways to coordinate the development of economics and the protection of environment. It is just in the primary process for forestry enterprises in China to introduce the research and practice of environmental accounting. Based on discussion about the principle of environmental information disclosure and analysis on the current situation of the environmental information disclosure of the forestry enterprises, this paper attempted to propose that the supplementary report mode of information disclosure should be appropriate for the forestry enterprises, which provide the balance sheet of environment, the income statement of environment besides the original three financial report to reflect the general environmental information of the enterprise.
文摘Aims and Scope Hepatobiliary & Pancreatic Diseases International publishes peer-reviewed original papers, reviews (meta-analysis, systematic review) and editorials concerned with clinical practice
文摘Aims and Scope Hepatobiliary & Pancreatic Diseases International publishes peer-reviewed original papers, reviews (meta-analysis, systematic review) and editorials concerned with clinical practice
文摘Aims and Scope Hepatobiliary & Pancreatic Diseases International publishes peer-reviewed original papers, reviews (meta-analysis, systematic review) and editorials concerned with clinical practice and research in the fields of hepatobiliary and pancreatic diseases. Papers cover the medical
文摘This study investigates the perceived usefulness of selected accounting information presented in the financial statements of small- and medium-sized enterprises （SMEs）. Mailed questionnaires were sent to SMEs＇ owner and loan officers in Malaysia. The findings show that the SMEs＇ owners and loan officers have substantially similar views on the usefulness of the accounting information. In addition, this study has found that the academic qualification and time spent in reading the financial statement have significant relationships with the SMEs＇ owners＇ perceptions on the usefulness of the SMEs＇ accounting information, whereas types of business organization, awareness about financial reporting regulation, and level of understanding of the financial statements do not. On the other hand, for the loan officers, accouting expertise, year in position, and awareness about the financial reporting regulation do not have a significant relationship with the loan officers＇ perceptions on the usefulness of the SMEs＇ accounting information. Meanwhile, experience in assessing SMEs＇ financial statements has a significantly negative relationship with the loan officers＇ perceptions on the usefulness of the SMEs＇ accounting information. The results of this study may enable the SMEs＇ managers to realize the informational needs of the users of their financial statements.
文摘Informal housing can be broadly defined into two types:first,those in which occupants illegally occupy a certain area of a residential location and build a dwelling on the land;second,housing or residential areas which do not meet the master plan or building regulations.This report describes and evaluates the infomal housing policies in India,introducing the improvement of the living standards brought on by these policies to the low-income residents of Chennai,while the case of Kannagi Nagar will be used to analyse the adverse effects of said policies.
