This study investigates how controlling shareholders fraudulently extracted firm value via cash tunnelling from Chinese companies from 1998 to 2011. The evidence suggests that expropriating owners choose a balance sheet account that is not directly related to the firm's operating business in...

This study investigates the links between accounting values in Chinese listed companies' balance sheets and the exposure of their fraudulent activities. Every balance sheet account is proposed to be a potential vehicle to manipulate financial statements. Other receivables, inventories, prepaid...

In this study, we identify a new type of political connection, referred to as “princelings,” who are the descendants of prominent and influential senior communist officials in the People's Republic of China. We develop a theory of “Golden hens versus Chickens” to describe the major...