In China, major shareholders of private listed enterprise could control its production and operation by virtue of few resources which makes it possible for ultimate controlling shareholders to expropriate minority sha...In China, major shareholders of private listed enterprise could control its production and operation by virtue of few resources which makes it possible for ultimate controlling shareholders to expropriate minority shareholders＇ rights and interests.In this paper, we studied the relationship between ultimate controlling shareholders and business performance of private enterprises based on the theory of ultimate controlling shareholders and made relevant conclusions and recommendations.展开更多
In order to optimize gob-side entry in fully-mechanized working face in moderate-thick-coal seams, we adopt a new attempt to pack roadside by pumping ordinary concrete, which is very important for the development of g...In order to optimize gob-side entry in fully-mechanized working face in moderate-thick-coal seams, we adopt a new attempt to pack roadside by pumping ordinary concrete, which is very important for the development of gob-side entry technology. The concrete has a long initial setting time and a low initial strength. So it is difficult to control the surrounding rock. In this paper, we analyze the effect of using roadside cable to reinforce supporting in gob-side entry surrounding rock controlling based on elas-tic-plastic and material mechanics knowledge. And then we propose a scheme that cable is used to reinforce roadside supporting and a single hydraulic prop is used as the temporary supporting in gob side. Using the numerical simulation software FLAC2D, we numerically simulated supporting scheme. Results of both the 2D modeling and the industrial test on No.3117 face in Jingang Mine prove that the scheme is feasible. The results show that the technology of protecting the roadway in gob-entry retained efficiently make up the deficiency of roadside packing with ordinary concrete, effectively control the roof strata and acquire a good result of retaining roadway.展开更多
Debates on shareholder structure and discretionary management of accounting results have carried forward controversial results. This study is intended to analyze within the Cameroonian context the impact of shareholde...Debates on shareholder structure and discretionary management of accounting results have carried forward controversial results. This study is intended to analyze within the Cameroonian context the impact of shareholder structure on the management of accounting results in enterprises. More specifically, its objective is to analyze the impact of shareholder structure on the adjustment of regulating discretionary accounting variables. A panel of enterprises is constituted over the periods 2013, 2014, and 2015 in Cameroon. The modeling of regulating discretionary accounting variables has been carried out according to the model of Jones (1991). The different results obtained show that the degree of concentration of the capital seems not to dissuade the management of result per long-term positions. Foreign ownership and state property stimulate management by regulating discretionary accounting variables.展开更多
Based on the epistemology and methodology of organizational routine evolution, this paper presents a systematic analysis on how ultimate shareholders control listed companies by means of equity control chain in a pyra...Based on the epistemology and methodology of organizational routine evolution, this paper presents a systematic analysis on how ultimate shareholders control listed companies by means of equity control chain in a pyramid structure and social capital control chain hidden in social networks. First, this paper examines the internal logic of ultimate shareholders＇ double control chain and designs an iterative model for dynamic evolution intent proceeding from ultimate shareholders ＇degree of intent for social capital control. Finally, with the case study of Inner Mongolia Caoyuan Xingfa Co., Ltd., this paper reveals the process and mechanism of ultimate shareholders＇ creation of double control chain.展开更多
文摘In China, major shareholders of private listed enterprise could control its production and operation by virtue of few resources which makes it possible for ultimate controlling shareholders to expropriate minority shareholders＇ rights and interests.In this paper, we studied the relationship between ultimate controlling shareholders and business performance of private enterprises based on the theory of ultimate controlling shareholders and made relevant conclusions and recommendations.
基金support from the National Nature Science Foundation of China (No50874124)
文摘In order to optimize gob-side entry in fully-mechanized working face in moderate-thick-coal seams, we adopt a new attempt to pack roadside by pumping ordinary concrete, which is very important for the development of gob-side entry technology. The concrete has a long initial setting time and a low initial strength. So it is difficult to control the surrounding rock. In this paper, we analyze the effect of using roadside cable to reinforce supporting in gob-side entry surrounding rock controlling based on elas-tic-plastic and material mechanics knowledge. And then we propose a scheme that cable is used to reinforce roadside supporting and a single hydraulic prop is used as the temporary supporting in gob side. Using the numerical simulation software FLAC2D, we numerically simulated supporting scheme. Results of both the 2D modeling and the industrial test on No.3117 face in Jingang Mine prove that the scheme is feasible. The results show that the technology of protecting the roadway in gob-entry retained efficiently make up the deficiency of roadside packing with ordinary concrete, effectively control the roof strata and acquire a good result of retaining roadway.
文摘Debates on shareholder structure and discretionary management of accounting results have carried forward controversial results. This study is intended to analyze within the Cameroonian context the impact of shareholder structure on the management of accounting results in enterprises. More specifically, its objective is to analyze the impact of shareholder structure on the adjustment of regulating discretionary accounting variables. A panel of enterprises is constituted over the periods 2013, 2014, and 2015 in Cameroon. The modeling of regulating discretionary accounting variables has been carried out according to the model of Jones (1991). The different results obtained show that the degree of concentration of the capital seems not to dissuade the management of result per long-term positions. Foreign ownership and state property stimulate management by regulating discretionary accounting variables.
基金Phased results of fund project： ＂Study on the Ultimate Shareholder＇s Control and Deprivation in Listed Companies from the Perspective of Social Capital,＂ sponsored by National Natural Science Foundation of China （Grant No. 71072072） ＂Study on Ultimate Control Rights of China＇s Listed Companies from the Perspective of Social Capital,＂ sponsored by Graduate Innovation Fund of Capital University of Economics and Business （Grant No.CUEB2010507）.
文摘Based on the epistemology and methodology of organizational routine evolution, this paper presents a systematic analysis on how ultimate shareholders control listed companies by means of equity control chain in a pyramid structure and social capital control chain hidden in social networks. First, this paper examines the internal logic of ultimate shareholders＇ double control chain and designs an iterative model for dynamic evolution intent proceeding from ultimate shareholders ＇degree of intent for social capital control. Finally, with the case study of Inner Mongolia Caoyuan Xingfa Co., Ltd., this paper reveals the process and mechanism of ultimate shareholders＇ creation of double control chain.
