Eyes wide shut? Reforming and defusing checks and balances in Argentina

How effective are autonomous audit agencies (AAAs) in curbing corruption and improving fiscal governance in emerging economies? AAAs are autonomous oversight agencies tasked with scrutinising government finances. However, they are not as effective as they could or should be, partly because of the political constraints they face and the political economy context in which they are embedded. This article assesses the performance and trajectory of the Argentine AAA. It suggests that AAAs can have only a limited impact when formal fiscal institutions are undermined by informal practices and undercut by adverse political incentives. It further highlights the limits of radical reform strategies based on the import of exogenous institutional models. This research has important research and policy implications for the reform and strengthening of AAAs in developing countries. Copyright © 2007 John Wiley & Sons, Ltd.     

论公司治理与公司控制人侵权责任的追究

完善的资本市场是影响公司治理的一个非常重要的外部因素,同时,健全的公司治理又是健康的资本市场不可或缺的组成部分。良好的公司治理机制需要多方面因素的合理组合。从公司法的角度看,追究大股东、董事、经理等公司控制人的侵权责任是我国当前完善公司治理机制的核心内容之一。     

North Korea and diversion: A quantitative analysis (1997–2011)

In this research I propose that the concept of diversionary theory provides at least a partial explanation for North Korea's conflict activities. I examine and analyze the country's data on diplomatic and military activities from 1997 to 2011 and argue that North Korea's domestic conditions influence its willingness to engage in external conflict. I also examine the impact of such external influences as UN sanctions, leadership changes in the region, national capacities of the US, South Korea and Japan, and strategic military exercises on DPRK-initiated conflicts. This study provides insight into the activities of this reclusive state and also demonstrates useful techniques that can be applied to analyze other similarly closed nations. The findings suggest that there are identified links between internal conditions and the Kim regime's aggressive actions between 1997 and 2011 in support of the diversionary argument. Concurrently, there is less evidence that North Korea's hostile diplomatic and military activities are based on external pressures.