Accounting Conservatism in China* Donglin Xiaa and Song Zhub‚** b School of Economics and Management‚ Tsinghua University‚ China School of Economics and Business Administration‚ Beijing Normal University‚ China a Abstract A principal-agent relationship exists among creditors‚ shareholders and management‚ and information asymmetry among them leads to asymmetric loss functions‚ which induces conservative accounting. This paper investigates the determinants of accounting conservatism using accrual-based
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New jersey city university | Ideal Society | Philosophy | | Parshv Shah | 4/21/2013 | This paper contains a personal opinion and rough creation of an ideal society. The society created is based on the personal values‚ present society issues and ideas from the reading and teachings of the great philosophers who have tried to build their utopias in the past. | The perfect society does not exist. If it did however‚ it would probably sound much like the vacation brochures you can read
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During the 1920s in the United States‚ the time period more commonly known as the “Roaring 20s”. It is regarded as an energetic era of prosperity where pop culture was developing‚ Hemlines got shorter and nights grew longer with the opening of speakeasy to join in the defiance of prohibition. During an age of dramatic social change‚ pop culture during the 1920s was characterized by the flapper‚ automobiles‚ speakeasies‚ and jazz. The twenties was the introduction of large scale use of electricity
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Since I was young‚ I believed in freedom of choice and I believe that everyone has their own unique style and ideas. So‚ my ideal organization will be a place where workers are given the chance to express their thoughts and ideas freely. In many classical organizational theories many uses the machine metaphor where members in an organization are seen as machines. Each member has a specific role that they specialize in which makes the organization highly standardized and predictable. I as a person
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dream of marrying an ideal husband like them. Now‚ I would still like to marry a charming prince‚ I always believe that one day‚ I will meet my ideal lover and build a happy family with an ideal husband. Some women say that a husband is impossible to find‚ but an ideal one may be easier to find. The qualities of the ideal husband are probably different for each woman. For me‚ the ideal husband is a love umbrella to protect his wife from all difficulties in life. The ideal husband should have
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An Ideal Student Children are the wealth of a nation. A Nation that produces a generation of talented and hardworking youth marches ahead on the path of progress. However creating quality citizens is no easy task and cannot be achieved overnight. The first step for that is to produce ideal students in our schools. These ideal students would go on to become ideal citizens. Who is an ideal student? There isn’t one definite answer to that because there are many qualities that together define an
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Political Strategies in America during the Eighteenth Century Introduction The eighteenth century was a period of many changes in both America and Europe. Many wars took place in different battlefields including the entire American continent‚ All Europe and the Atlantic Ocean. Many groups of people awakened and fought for independence in the British Colonies. And European and American philosophers defined the period as of the enlightenment. By the year of 1650 the European population was 103
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AP Questions‚ 1980-2007 1 List of AP and AP-related questions from the past twenty-seven years. [Compiled by Steve Armstrong] (Updated‚ May 14‚ 2007) Questions labeled “AP” are Copyright © 1980-2005 College Entrance Examination Board and Educational Testing Service. All rights reserved. 1607-1763 AP 2007 Alternate The Colonial Period The French and Indian War (1754-1763) altered the relationship between Britain and its North American colonies. Assess this change with regard to TWO of the following
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An ideal teacher usually possesses these characteristics: he has unassailable command on his subjects. He knows fully the contents of the subjects which he has to teach. Truly exceptional teachers are scholars and are constantly reading and upgrading themselves in their subject. The tone of expression of the ideal teacher is not gruff‚ irksome and morose but is pleasant. An ideal teacher has a good sense of humour/smiles. But this fun is not of impolite nature. An ideal teacher has the highest degree
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1980’s Technology Technology has been around for a long‚ long time. Many of the most popular consumer products still around today. A surprising number of the technologies that define life today got their start in the 1980s‚ such as camcorders‚ cell phones‚ answering machines‚ personal computers‚ etc. Technology has come to benefit our lives and make it easier and will only get better. During the time of the 1980’s‚ there was a lot going on in our history. The Cold War was on its last years
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