A Factor-Adjusted Multiple Testing Procedure With Application to Mutual Fund Selection

In this article, we propose a factor-adjusted multiple testing (FAT) procedure based on factor-adjusted p-values in a linear factor model involving some observable and unobservable factors, for the purpose of selecting skilled funds in empirical finance. The factor-adjusted p-values were obtained after extracting the latent common factors by the principal component method. Under some mild conditions, the false discovery proportion can be consistently estimated even if the idiosyncratic errors are allowed to be weakly correlated across units. Furthermore, by appropriately setting a sequence of threshold values approaching zero, the proposed FAT procedure enjoys model selection consistency. Extensive simulation studies and a real data analysis for selecting skilled funds in the U.S. financial market are presented to illustrate the practical utility of the proposed method. Supplementary materials for this article are available online.     

Participation in Everyday Life Before and After a Housing Adaptation

Housing adaptation aims to enable clients to live independently in their own homes. Studies focusing on participation in everyday life following a housing adaptation are lacking and needed. This study aimed to explore housing adaptation clients' experiences of participation in everyday life before and after a housing adaptation, through the lens of a housing adaptation, using a qualitative follow-up design, with 11 participants. It was found that when the housing adaptation met the participants' needs, performance of activities improved and the housing adaptation opened doors to engagement and participation in everyday life. Thus, focus on performance and engagement in everyday life at the onset of the housing adaptation process, combined with regular follow-ups, may enhance participation.     

Interactive profit-planning systems and market turbulence: A dynamic capabilities perspective

This article describes, theorizes and empirically investigates the concept of interactive profit-planning systems (PPS) through the lens of the dynamic capabilities logic. With this conceptualization: interactive PPS capabilities comprise budgeting, forecasting and results-reporting routines, in which top and middle managers interact to create knowledge for sensing, seizing, and business model reconfiguring (to manage strategic business change). Survey data from 331 Australian firms is analyzed employing partial least squares structural equation modeling. The data provides support for two hypotheses: (1) greater market turbulence strengthens the positive effect of interactive PPS capabilities on business unit performance; and (2) greater market turbulence strengthens the positive effect of flexibility values (of organizational culture) on interactive PPS capabilities. Our findings show that interactive PPS capabilities function according to the salient tenets of the dynamic capabilities logic, and clarify the beneficial roles of formal cybernetic control systems and the intertwined involvement of top and middle managers in using dynamic capabilities.     

Environmental practices and firm performance in emerging markets: the mediating role of product quality

Environmental practices have not received as much research attention in emerging market contexts as traditional topics like quality. However, the importance of environmental practices for a firm’s production strategy has been increasing at an unprecedented level across the globe. Our research objective is, therefore, to investigate the interplay between environmental practices and quality in the pursuit of firm performance. Relying on 492 responses from Turkish manufacturers to test our hypotheses, we show that environmental practices directly improve the quality of products over and above the effect of quality management practices in emerging markets. Product quality, in turn, is important for increasing firm performance, acting as a mediator for the positive effects of environmental practices on performance. Thus, we reveal that product quality functions as an instrumental conduit between environmental practices and firm performance in emerging markets like Turkey where stakeholder pressures are weak, and regulations are often not properly enforced.     

儒家祭祀文化与东亚书院建筑的仪式空间

祭祀文化是儒家礼制文化最重要的内容之一,祭祀是书院教育的一个重要组成部分。中韩两国的书院都有祭祀的建筑以及相应的仪式空间。东亚书院祭祀建筑的布局有着严格的规矩,遵照传统礼制思想中的方位观念。因礼仪交往行为中的宾主位置关系形成了古代建筑(包括书院建筑)中的东西阶制度。     

我国地方政府创新行为的制度分析

政府创新对于推动政府职能转变、维系政府的政治合法性具有非常重要的意义.地方政府的创新行为由于其自身的特点需要单独进行分析,其创新的原因在于激励和压力双重外力下的制度变迁,由于交易成本较低的自身特点使其具有创新的优势.而由于路径依赖因素的影响,创新过程中存在着诸多障碍.创新的模式可区分为诱致性变迁和强制性变迁两种方式,创新过程中由于经济人的特点容易出现异化的效应,而效果则应该结合政治、经济及社会三方面的因素综合予以考证.     

地震灾后重建绩效测量——以汶川、玉树、芦山地震为例

灾后重建是保障地震灾区群众重归正常生产生活的重要工作,那么如何测量灾后重建绩效,哪些因素会影响灾后重建绩效?文章回顾了灾后重建绩效相关研究文献,在此基础上认为效果和效率是灾后重建绩效的两大方面,以"消除灾害影响并恢复到灾前水平所用的时间"作为衡量灾后重建绩效的标准,能够反映灾后重建的效果和效率,具有可行性。以此为基础建立了灾后重建绩效的分析框架和测量方法,并选择汶川地震、玉树地震和芦山地震作为案例,对三次地震灾区的重建绩效进行了对比分析并简要分析了绩效差异原因。结果表明,三次地震灾后重建基本如期完成了灾后重建目标任务,但因存在灾害程度不同、对口支援质量不同等原因,三次地震灾后重建绩效存在一定差异。     

大学生自我效能感与学业成绩关系的研究

学生的自我效能感是个体在特定情境中对自己的某种行为能力的自信程度,是个体对成功实施并达成特定目标所需行为能力的预期、感知和信心,是介于动机和行为之间的动力因素.自我效能感已成为现代教育心理学研究的热点之一.文章对85名在校大学生自我效能与学业成绩之间的关系进行研究.结果表明,(1)不同学业成绩的学生的自我效能感有显著性差异.优秀组的学生自我效能感明显高于较差组.(2)不同性别、不同专业的学生自我效能感的差异并不显著.     

工科院校思想政治课教师职业倦怠探析

高校思想政治理论课是对大学生进行系统思想政治教育的主要渠道和主阵地。思政教师教育作用的发挥至为关键。但思政教师却弥漫着职业倦怠的气息。对教师自身、想政治理论课教学效果以及整个社会都产生负面的影响。现以工科院校思政教师为主体分析其职业倦怠的危害、成因,探讨预防及缓解对策。     

创业板上市公司财务绩效评价

以中国创业板上市公司为研究对象,选取11项财务指标,运用主因子分析法,借助SPSS软件,从偿债能力指标、营运能力指标和盈利能力三方面对中国创业板上市公司的财务绩效进行评价.创业板上市公司在管理和控制风险的同时应更多地关注投资收益.