We use the unique economic, legal, and political landscape of China to examine the impact of auditors on the incidence of accounting fraud. In particular, we examine whether large audit firms reduce the incidence of financial statement fraud in China, an emerging market in which auditors face...

A firm׳s investment in corporate social responsibility (CSR) builds a positive image of caring for social good and imposes additional costs on executives׳ informed trading, which is widely perceived self-serving. We thus expect executives of CSR-conscious firms to be more likely to refrain...

Operation control is a vital and complex issue for microgrids. The objective of this paper is to explore the practical means of applying decentralized control by using a multi agent system in actual microgrids and devices. This paper presents a hierarchical control framework (HCF) consisting of...