This study takes advantage of the Forbes Rich List as an external shock to examine its effect on internal control quality in China's Mainland.Using the difference-in-differences(DiD)method for a large sample of 17...This study takes advantage of the Forbes Rich List as an external shock to examine its effect on internal control quality in China's Mainland.Using the difference-in-differences(DiD)method for a large sample of 17,910 firm-year observations from 2000 to 2014,we find that firms controlled by entrepreneurs included in the Forbes Rich List tend to have higher internal control quality than firms not controlled by entrepreneurs in the list.The listed entrepreneurs improve their firms’internal control quality by means of reducing the information asymmetry between the firms and outsiders.Further tests show that the event effect is more pronounced when firms have higher misreporting costs and when listed entrepreneurs hold chairman positions than in other situations.Our results remain robust after applying the propensity score matching method,stacked DiD estimation,and an alternative measure of internal control quality.These findings enrich the literature on the effect of the Rich List and the determinants of internal control quality in emerging markets.展开更多
This article focuses on two English translations of Ji Yun＇s 纪昀 eigh- teenth-century collection of ＂stories of the strange,＂ Random Jottings at the Cottage of Close Scrutiny （Yuewei caotang biji 阅微草堂笔记）. ...This article focuses on two English translations of Ji Yun＇s 纪昀 eigh- teenth-century collection of ＂stories of the strange,＂ Random Jottings at the Cottage of Close Scrutiny （Yuewei caotang biji 阅微草堂笔记）. The translation done by Leo Tak-hung Chan is set within the context of his 1998 sinological monograph, while David Pollard＇s recent translation, published in 2014, stands as an edited volume of translation oriented toward the general reader. Referring to textual and paratextual elements in these two translations, I hope to show how the ＂setting＂ of a translation modulates its tone and message, which in turn unfolds with the selection, style and overall structure of the translation. I also draw from an actual dialog between Leo Chan and David Pollard, which evolves around the various aspects in translating Ji Yun＇s work and the more general issues in sinology and translating Chinese literature. The dialog between the two translators of Ji Yun further illustrates the translators＇ approaches to the original text, their mediating efforts toward crosscultural readability and literary felicity and specifically, how the state of mind of a translator might come into play with the ＂flavor＂ of a translation.展开更多
A mathematical approach was proposed to investigate the impact of high penetration of large-scale photovoltaic park(LPP) on small-signal stability of a power network and design of hybrid controller for these units.A s...A mathematical approach was proposed to investigate the impact of high penetration of large-scale photovoltaic park(LPP) on small-signal stability of a power network and design of hybrid controller for these units.A systematic procedure was performed to obtain the complete model of a multi-machine power network including LPP.For damping of oscillations focusing on inter-area oscillatory modes,a hybrid controller for LPP was proposed.The performance of the suggested controller was tested using a 16-machine 5-area network.The results indicate that the proposed hybrid controller for LPP provides sufficient damping to the low-frequency modes of power system for a wide range of operating conditions.The method presented in this work effectively indentifies the impact of increased PV penetration and its controller on dynamic performance of multi-machine power network containing LPP.Simulation results demonstrate that the model presented can be used in designing of essential controllers for LPP.展开更多
in China, children witness has not been articled in three procedural laws, some scholar do not think that either children nor other person with no legal capacity should have witness qualification.in fact, although som...in China, children witness has not been articled in three procedural laws, some scholar do not think that either children nor other person with no legal capacity should have witness qualification.in fact, although some other countries do not admit the qualification of children witnesses under certain age,they do not take it as the factor to measure whether a witness has qualification or not.It is the judge who can decide whether a witness has qualification or not.Based on the these foreign counlries＇ s experience,we should not limit the qualification of children witnesses in the legislation. However, for the particularity of children＇s cognitive ability,we should embody this particularity when we judge children＇s testimony and protect children witnesses.展开更多
A much publicized case of callous neglect spurs debate on the need for more good Samaritans in China Wang Yue,a 2-year-old girl who was injured in a hit-and-run accident and ignored by numerous passers-by in Foshan in...A much publicized case of callous neglect spurs debate on the need for more good Samaritans in China Wang Yue,a 2-year-old girl who was injured in a hit-and-run accident and ignored by numerous passers-by in Foshan in south China’s Guangdong Province,died in hospi-展开更多
文摘This study takes advantage of the Forbes Rich List as an external shock to examine its effect on internal control quality in China's Mainland.Using the difference-in-differences(DiD)method for a large sample of 17,910 firm-year observations from 2000 to 2014,we find that firms controlled by entrepreneurs included in the Forbes Rich List tend to have higher internal control quality than firms not controlled by entrepreneurs in the list.The listed entrepreneurs improve their firms’internal control quality by means of reducing the information asymmetry between the firms and outsiders.Further tests show that the event effect is more pronounced when firms have higher misreporting costs and when listed entrepreneurs hold chairman positions than in other situations.Our results remain robust after applying the propensity score matching method,stacked DiD estimation,and an alternative measure of internal control quality.These findings enrich the literature on the effect of the Rich List and the determinants of internal control quality in emerging markets.
文摘This article focuses on two English translations of Ji Yun＇s 纪昀 eigh- teenth-century collection of ＂stories of the strange,＂ Random Jottings at the Cottage of Close Scrutiny （Yuewei caotang biji 阅微草堂笔记）. The translation done by Leo Tak-hung Chan is set within the context of his 1998 sinological monograph, while David Pollard＇s recent translation, published in 2014, stands as an edited volume of translation oriented toward the general reader. Referring to textual and paratextual elements in these two translations, I hope to show how the ＂setting＂ of a translation modulates its tone and message, which in turn unfolds with the selection, style and overall structure of the translation. I also draw from an actual dialog between Leo Chan and David Pollard, which evolves around the various aspects in translating Ji Yun＇s work and the more general issues in sinology and translating Chinese literature. The dialog between the two translators of Ji Yun further illustrates the translators＇ approaches to the original text, their mediating efforts toward crosscultural readability and literary felicity and specifically, how the state of mind of a translator might come into play with the ＂flavor＂ of a translation.
文摘A mathematical approach was proposed to investigate the impact of high penetration of large-scale photovoltaic park(LPP) on small-signal stability of a power network and design of hybrid controller for these units.A systematic procedure was performed to obtain the complete model of a multi-machine power network including LPP.For damping of oscillations focusing on inter-area oscillatory modes,a hybrid controller for LPP was proposed.The performance of the suggested controller was tested using a 16-machine 5-area network.The results indicate that the proposed hybrid controller for LPP provides sufficient damping to the low-frequency modes of power system for a wide range of operating conditions.The method presented in this work effectively indentifies the impact of increased PV penetration and its controller on dynamic performance of multi-machine power network containing LPP.Simulation results demonstrate that the model presented can be used in designing of essential controllers for LPP.
文摘in China, children witness has not been articled in three procedural laws, some scholar do not think that either children nor other person with no legal capacity should have witness qualification.in fact, although some other countries do not admit the qualification of children witnesses under certain age,they do not take it as the factor to measure whether a witness has qualification or not.It is the judge who can decide whether a witness has qualification or not.Based on the these foreign counlries＇ s experience,we should not limit the qualification of children witnesses in the legislation. However, for the particularity of children＇s cognitive ability,we should embody this particularity when we judge children＇s testimony and protect children witnesses.
文摘A much publicized case of callous neglect spurs debate on the need for more good Samaritans in China Wang Yue,a 2-year-old girl who was injured in a hit-and-run accident and ignored by numerous passers-by in Foshan in south China’s Guangdong Province,died in hospi-
