12.12.2010

Day 4: ZhiBen to KenTing

The next morning we woke up to our neighbors cackling like geese. About ten of them in total, five couples who are mostly retired and travel around Taiwan together. They had the most energy of any old people I have seen, and made old(ish) age look delightfully adolescent. They also made an abundance of food, we ate together and laughed until our bellies near split. It felt quite like the Kroeker-Friesen epics we had as kids.


Then actual geese showed up, territorial geese.


It was tough to distinguish.


The spread! Fresh catch, fresh Taro congee


Valley living


Apparently Devon has been to Taiwan.


A small town main street.


Tawdriness is wildly popular here


Train Station in ZhiBen


Skip scene. We arrived in Kenting, a national park at the very Southern tip of Taiwan. The main drag is tourist-trap central, so we grabbed a quick bowl of noodles, some rations, and hitch-hiked farther East to get away from it. The man who picked us up was kind enough take us a fair distance out of his way to drop us off at this site.

12.09.2010

Day 3: JiQi To TaiDong To ZhiBien

This is in Jiqi, a one-stop Betel Nut town, after nightfall. We arrived at the campsite only to find it out of operation, so we did the most sensible thing and jumped the fence, skibbed into our skinny's, and body surfed the ocean waves.


This is what the beach looked like the next morning.


The fence behind us in this picture is where we trespassed, about which the owner was not amused.


He found us eating what turned out to be a daily breakfast: a banana, peanut butter, and peanut sandwich. It turns out the reason the campsite was closed was because of a Richter scaled 5.4 earth quake set to hit few hundred meters offshore. In case you don't know, 5.4 is considered massive. We were actually walking on the beach when it happened, but because of the soft sand and distance away from us, we did not feel it.


After we paid the entrance fee and chatted with the owner for awhile, he calmed down and let us stay until noon that day, he even welcomed us to come back! Only East Coast hospitality extends beyond trespassing (Picture taken by/from Dayton).


This is the portion of the trip where we switched to hitch-hiking as our main means of transportation. This is our first pick-up in JiQi, an indigenous family riding a van already far too full without three men and their bags, but the children and grandmother huddled up front to give us room. They dropped us off in a town called ChengGong, renowned for it's seafood, which we ate lots and lots of.


This landmark indicates the Tropic of Cancer.


Our second pick-up (a Mercedez Benz no less!) was this business shark who took us all the way to TaiDong.


Rest stop


TaiDong offers surprisingly little for it's size, except for a free on-the-minute air show as there is a military base near by that test flies jets. We spent the afternoon drinking tea and deciding where to go next.


Because we were in the city we decided to find a bus station and head to the nearest hot-spring town (of which there are tons) to set up camp.


I asked the bus driver to drop us off at a place where we can camp. He told me he knew of three, so I told him we would get off at the one closest to the terminus. It turns out that the one we choose more closely resembles a five-star resort, equipped with a giant pool, warming pool, hot springs, and steam rooms.


This is where we "camped". ZhiBen, Taiwan.


I really like this picture of Kensuke, he's extremely quiet, and always happy.


The facilities were outstanding, we soaked for hours.


Beer and card games
'We are getting close to paradise' - Patrick Watson

Angry Hats, Audit Quality

I haven't given a language update for some time now; I am still studying Chinese like a mad-hatter, or at least trying to. For those interested (assumedly nobody), I am currently doing a trial translation period for a professor of accounting at TamKang University. She has articles which are to be submitted to peer-review journals, and needs them to be translated from the original text, Chinese, into the target text, English. It is very difficult and slow-going at the moment, but also quite fun, and possibly something I would like to do, like DO do. Here is the Abstract: (I am not sure if by posting this I am violating privacy rights?? I hope not).


Audit Quality and Information Asymmetry
Abstract

This study aims to investigate the relationship between audit quality and information asymmetry. An increase in audit quality, the proxy variable representing information asymmetry, is said to correspond with a decrease in cost of capital. Differing from previous research, this paper uses probability of information-based trading (PIN) to extricate the frequency of firms’ trading based on private information as a variable to measure degree of information asymmetry. Additionally, proxy variables are assigned to audit firm size, audit tenure, discretionary accruals, and audit market experts for calculating information asymmetry purposes. Based on empirical results, this paper expands on previous research by proving that, in Taiwan, using higher quality audits can be used to effectively decrease information asymmetry.

Keywords: Auditor quality, Information asymmetry, Probability of information-based trading (PIN).



审计品质与资讯不对称之关联性
摘要

本文旨在检视审计品质与资讯不对称之直接关联。过去文献多以审计品质作为资讯不对称风险的代理变数, 探讨审计品质对资金成本的经济影响, 间接推论高审计品质隐含低资讯不对称程度,能使企业资金成本下降。与过去文献不同,本文采用优势资讯交易机率撷取企业私有资讯交易的频率,据此直接衡量企业资讯不对称的程度;同时以会计师事务所规模,会计师查核任期,裁决性应计数与审计市场产业专家作为审计品质的代理变数,实证结果证实审计品质确实能降低企业的资讯不对称。本文补充了过去文献尚未连结的部分,并且提出台湾大型会计师事务所能有效降低资讯不对称,具有较高的审计品质之实证证据。

關鍵字: 審計品質、資訊不對稱、優勢資訊交易機率(PIN)

Day 2: Taroko to Jiqi

This isn't Dayton's camping toothbrush, it is his toothbrush toothbrush.


Here he is observing the gorge.


The beauty does not wear off.




Picture stolen from Ken, there is no reason for me to be in this position.


Dayton looks on


Ken and Dayton, certified trouble makers




We ended up way off the beaten trail


Back to civilization, Hualien, to catch a bus to the next camping spot.

12.01.2010

Day 1: Taipei to Taroko

At the train station in Taipei with who are to be my travel mates for the next week. Kensuke from Japan and Dayton from New Zealand, anticipating the ride to Hualien.


Taipei Main Station


We initially got on the wrong train, were promptly shoed off at the first stop, then transferred to the correct one.


Waiting for the correct train


We had some congee in Hualien, and bought rations for the day of hiking and adventures ahead


After an hour or so bus ride, we arrived in Taroko National Park


Taroko Gorge is awe-inspiring


It makes you feel like a tiny ant part of a giant plan


Then I set up my Christmas gift, thanks Mom and Dad, the tent is real slick!











A day of hiking and southward travel awaits us for tomorrow.

11.17.2010

Small Update

My address will likely be changing at the end of the month, just a heads up to those sending me mail. This is the last week of school for me, which means I will be going home in a month, which means I am happy and sad. Also, I will be going on a 5-day camping trip with two classmates starting on Saturday. We will head to Hualien (Toroko Gorge), and make our way Southward to the very bottom of the island (Kenting). Pictures/blog to follow.

11.10.2010

Wulai

This is a mountain village, not far from Taipei city. The air is fresher and cooler in the mountains.