CEO Reciprocal Interlocks in French Corporations

In France the chairperson of the board is mostoften the firm's CEO. This position strengthensthe insiders' hold on the board of directors.Moreover, a large fraction of outside directorsis composed of CEOs of other firms. Thereciprocal interlocking of CEOs creates the possibility of mutual interdependence of CEOs.We investigate factors explaining reciprocalinterlocking directorates of CEOs in Frenchcorporations. Our results indicate that CEOs oflarger firms hold more reciprocal CEOinterlocks and when CEOs have more outsidedirectorships, CEOs hold more reciprocalrelationships. We also find a positiverelationship between the number of CEOsreciprocal interlocks and their firms'performance measured by ROA. We find evidencethat CEOs hold more reciprocal interlocks whena blockholder is present on the CEO's board.     

Social networks and the organisation of big business groups in post New Economic Policy (NEP) era in the 1990s in Malaysia

Personal ties are generally regarded as important to big business growth in Malaysia, particularly after the New Economic Policy (NEP) in the 1990s. Common types are informal ones established between multi-ethnic big business people and Malay key state and political leaders. Other types of ties, company directorship links and informal ties, are seldom studied especially those between the business people and former state bureaucrats and corporate professionals. Thus, by conceptualising the directorship links and informal personal ties as social networks, the author conducted a sociological analysis of some intra- and inter-ethnic directorship links and ties established by four prominent big businessmen after the NEP in the 1990s. This article reports the main finding on the links and ties becoming a common organisational mechanism of business groups owned and controlled by the businessmen, besides providing access to the state. Therefore, another understanding of inter- and intra-ethnic personal ties in big business growth, especially after the NEP is achieved.     

Latent classes and group membership

A technique for analyzing group membership data, such as interlocking directorates, based on the assumption of latent classes of individuals, is described and illustrated with two data sets. The technique partitions individuals and/or groups into homogeneous sets and can be used to create measures of structural centrality for groups and for individuals.     

构建铁路“车站信号自动控制“课程新体系思考

"车站信号自动控制"这一传统的铁路特色专业课程,其课程体系日显陈旧,在教学中存在的问题越来越突出。构建新的课程体系,要重组传统内容、加强新技术内容、拓宽应用。新体系实现途径是:提高理论层次,拓宽知识面,突出主干内容教学、改革教学手段和方法。     

貂蝉“连环计”故事的文化解读

貂蝉“连环计”故事来自民间,之后被文人接受。元明时期,“连环计”故事备受欢迎,主要体现在文人与民间在创作上的有意偏好、戏曲选本对《连环计》杂剧和《连环记》传奇的浓厚兴趣和《连环记》传奇的备受赞赏三个方面。“连环计”故事具体地说,实际上是历史加计谋加美女的故事。文人与民间对由这三种因素组合而成的“连环计”故事的喜爱,体现的是重史、尚智、爱美的共同民族文化心理。     

外滩京城地下连续墙施工方法

本文讨论了端头平钢板留钢筋连接的公母槽段节点(刚性),及其改进后的两种节点的构造与施工方法,以求解决节点止水和提高地墙整体刚度.     

论高校突发事件中辅导员的心理素质

高校突发事件频繁发生,给学生带来不同程度的心理伤害,考量着辅导员的素质和能力。辅导员良好的个性心理品质、有效的心理健康知识、较强的心理教育能力有助于高校突发事件的预防和处置。     

对会计或有事项的几点认识

随着我国社会主义市场经济的不断发展,在经济活动中影响企业财务信息的因素日趋广泛和复杂,或有事项因其特殊的不确定性,给企业经营者、投资人及相关利害人所带来的风险日益凸现出来。所以,充分披露或有事项对企业财务状况的潜在影响,使报表使用者和潜在投资人获得更加翔实的相     

Incomplete Contracts: Where do We Stand?

The paper takes stock of the advances and directions for research on the incomplete contracting front. It first illustrates some of the main ideas of the incomplete contract literature through an example. It then offers methodological insights on the standard approach to modeling incomplete contracts; in particular it discusses a tension between two assumptions made in the literature, namely rationality and the existence of transaction costs. Last, it argues that, contrary to what is commonly argued, the complete contract methodology need not be unable to account for standard institutions such as authority and ownership; and it concludes with a discussion of the research agenda.