Hong Kong Polytechnic University

About: Hong Kong Polytechnic University is a education organization based out in Hong Kong, China. It is known for research contribution in the topics: Computer science & Tourism. The organization has 29633 authors who have published 72136 publications receiving 1956312 citations. The organization is also known as: HKPU & PolyU.

Auditor Conservatism, Asymmetric Monitoring, and Earnings Management*

Abstract: In this paper, we investigate whether, and how, audit effectiveness differentiation between Big 6 and non-Big 6 auditors is influenced by a conflict or convergence of reporting incentives faced by corporate managers and external auditors. In so doing, we incorporate into our analysis the possibility that managers self-select both external auditors and discretionary accruals, using the two stage “treatment effects” model. Our results show that only when managers have incentives to prefer income-increasing accrual choices are Big 6 auditors more effective than non-Big 6 auditors in deterring/monitoring opportunistic earnings management. Contrary to conventional wisdom, we find Big 6 auditors are less effective than non-Big 6 auditors when both managers and auditors have incentives to prefer income-decreasing accrual choices and thus no conflict of reporting incentives exists between the two parties. The above findings are robust to different proxies for opportunistic earnings management and different proxies for the direction of earnings management incentives.

Critical factors on manufacturing processes of natural fibre composites

Abstract: Elevated environmental awareness of the general public in reducing carbon footprints and the use nonnaturally decomposed solid wastes has resulted in an increasing use of natural materials, biodegradable and recyclable polymers and their composites for a wide range of engineering applications. The properties of natural fibre reinforced polymer composites are generally governed by the pre-treated process of fibre and the manufacturing process of the composites. These properties can be tailored for various types of applications by properly selecting suitable fibres, matrices, additives and production methods. Besides, due to the complexity of fibre structures, different mechanical performances of the composites are obtained even with the use of the same fibre types with different matrices. Some critical issues like poor wettability, poor bonding and degradation at the fibre/matrix interface (a hydrophilic and hydrophobic effect) and damage of the fibre during the manufacturing process are the main causes of the reduction of the composites’ strength. In this paper, different manufacturing processes and their suitability for natural fibre composites, based on the materials, mechanical and thermal properties of the fibres and matrices are discussed in detail.

New Perspectives on How to Discover Drugs from Herbal Medicines: CAM's Outstanding Contribution to Modern Therapeutics.

Abstract: With tens of thousands of plant species on earth, we are endowed with an enormous wealth of medicinal remedies from Mother Nature. Natural products and their derivatives represent more than 50% of all the drugs in modern therapeutics. Because of the low success rate and huge capital investment need, the research and development of conventional drugs are very costly and difficult. Over the past few decades, researchers have focused on drug discovery from herbal medicines or botanical sources, an important group of complementary and alternative medicine (CAM) therapy. With a long history of herbal usage for the clinical management of a variety of diseases in indigenous cultures, the success rate of developing a new drug from herbal medicinal preparations should, in theory, be higher than that from chemical synthesis. While the endeavor for drug discovery from herbal medicines is “experience driven,” the search for a therapeutically useful synthetic drug, like “looking for a needle in a haystack,” is a daunting task. In this paper, we first illustrated various approaches of drug discovery from herbal medicines. Typical examples of successful drug discovery from botanical sources were given. In addition, problems in drug discovery from herbal medicines were described and possible solutions were proposed. The prospect of drug discovery from herbal medicines in the postgenomic era was made with the provision of future directions in this area of drug development.

Enhancing multiphoton upconversion through energy clustering at sublattice level

Abstract: Lanthanide-doped nanocrystals can be used to upconvert infrared radiation into visible light, and are thought to be promising for a range of photonic and biological imaging applications. It is now shown that the upconversion efficiency can be improved by appropriately clustering the lanthanide ions on different structural sublattices.