Operational Risk in Financial Services: A Review and New Research Opportunities

We present a framework to describe and analyze operational risk in financial services from an operations management perspective, focusing in particular on process design, process management, and human behavior aspects. The financial services industry differs from other service industries in ways that affect the nature of the operational risks it is subject to. In recent decades, many books and papers have focused on operational risk in financial services; however, this literature has focused mainly on the conceptual and statistical aspects of operational risk management and not on its operational aspects. Operational risk in financial services has not received much attention from the operations management community. The framework presented here is based on the premise that operational risk in financial services can reap significant benefits from research done in the theory and practice of operations management in manufacturing industries as well as in other services industries. The objective of this study is to propose particular challenges and questions raised in the practice of operational risk management that may stimulate future research in this particular area of operations management.     

How Sourcing of Interdependent Components Affects Quality in Automotive Supply Chains

In the automotive industry, many firms source key components from different suppliers, even though the components may function interdependently. In this study, we investigate how component level interdependence impacts quality performance and analyze how various operational factors moderate this relation. We synthesize information from several case studies to model the quality challenges faced by an automotive firm. For several sub‐assemblies that go into its products, the firm sourced key components from two different suppliers. The sub‐assemblies would fail whenever a component fails, but due to interdependent operations, failure of one component could cause the failure of the other. The firm found it challenging to improve the suppliers' quality performance as it was difficult to trace the failures to specific components. Our analysis reveals that – (i) the impact of interdependence is governed by the supply chain structure: reducing the interdependence between components improves quality when suppliers provide the components, but reducing interdependence worsens quality when the firm manufactures the entire sub‐assembly; and (ii) the relation between interdependence and quality performance is moderated by factors such as penalties, production costs, and interdependence costs. Additionally, we find that quality performance is lower when the firm outsources the components than when the firm manufactures the entire sub‐assembly. We identify coordinating mechanisms that leverage incentives and penalties to bridge the quality performance gap.     

社交网络、投资者关注与股价同步性

随着以微博、微信为代表的社交网络信息平台在中国的崛起,形成了新媒体时代下信息资讯生成与扩散的完整传播链条,深刻地影响着金融市场参与主体的学习认知习惯、投资决策理念、交易行为模式,最终影响不同金融资产的价格波动规律． 本文在新媒体时代情景下,以社交网络信息披露与传播平台为切入点,基于信息关注度、信赖度、更新频率等三层维度,构建社交网络微博信息质量指标体系,研究社交网络信息质量与股价同步性的内在关联关系． 研究表明: 微博信息质量与股价同步性有着显著的高度负向线性关联性,并且呈现出非线性 U 型关系． 即随着社交网络信息质量水平的提升,股价同步性逐渐降低到达最小值,而后又逐渐提高． 研究结论为证明上市公司社交网络微博平台对股价同步性有较强影响力,提供了中国金融市场的证据．     

Structuring composite local governance indicators

The importance of good governance is praised by many academics and practitioners. The prominence of the subject suggests that measurement is important. However, setting out to measure the quality of governance empirically is controversial. Doubts regarding the feasibility and meaningfulness of this undertaking are widespread in the literature. Recognizing the potential caveats, the current article discusses a set of guidelines for structuring a theoretically sound local governance assessment tool based on the Decision Analysis and Operational Research literatures. The authors argue that using a multi-criteria model which employs several objective (quantitative and qualitative) indicators and relies on a participatory method to aggregate them is a suitable way of developing sensible Local Governance Indicators. The purpose here is to provide a detailed roadmap for any country (or region, or locality) willing to engage in the assessment of the quality of local governance. The real-world implementation of a model developed according to these guidelines could help raise awareness, promote good practices and increase the ‘governance literacy’ of citizens. By operationalizing good governance, analysts may also be able to further investigate the relationships between local governance practices and several socio-economic factors.     

当前我国民间信仰问题的现状及对策思考

民间信仰是比较普遍存在的一种特殊而又复杂的文化现象,当前民间信仰领域出现了一些新的问题,民问信仰管理工作也出现了主体不明、管理缺位、法律依据不足等问题。要解决这一问题,一要重视和加强基层政权建设和文化建设：二要对民间信仰的管理模式进行规范和创新;三要加强对民间信仰问题的研究与探索。     

股权集中度与会计信息质量相关性的实证研究

构建了一个会计信息质量综合指数,利用股权分置改革后的样本数据,采用多元回归分析法对我国上市公司股权集中度与会计信息质量的相关性进行了实证研究。研究结果表明,当前我国上市公司中的股权集中度与会计信息质量是正相关的,上市公司的最终控制人性质与会计信息质量没有关系。     

高职教育要紧扣专业特点——以法学高职（专）生规则意识与权利意识的培育为楔点

高校素质教育要紧扣专业特点。以对规则意识与权利意识的培育为切入点,对法学高职生素质教育的基本思路与方式进行初步探讨,着重论述了规则意识与权利意识培育的意义以及如何进行培育的途径与方式。     

高校图书馆提升大学生信息素质的策略

信息素质是创新教育的基础,鉴于高校图书馆在大学生信息素质教育中所处的独特地位和优势条件以及大学生信息素质所面临的现状,提出了从宏观角度提升大学生信息素质的具有战略指导意义的五项策略：贯穿“注意力资源”开发策略,贯穿创新意识和创新理念策略,贯穿运用“心理学原理”的策略以及提升馆员业务素质和为信息素质教育而合作的策略,以期在贯穿信息素质教育的措施中强化信息素质教育的改革。     

建筑抗震质量的设计与管理

地震灾害给人类社会生活带来重大影响。加强建筑工程质量管理,防止地震灾害,成为备受社会关注的热点问题。要从提高全民质量意识入手,建立健全有效的质量监督机制、提高建筑设计质量,加强施工质量控制．为人民安居乐业创造良好的环境。     

科学发展观视角下对办好高校社科学报的思考

高校社科学报目前存在着实力不强、质量不高、办刊困难的局面,要改变这种状况,就要贯彻落实科学发展观,明确学报的发展方向、本质和核心,发展的基本内涵和基本要求,使高校学报真正拥有一席之地。