We examine whether the corporate control market is an important governance mechanism that the controlling shareholders of publicly listed Chinese SOEs employ to improve the performance of less efficiently run Chinese SOEs. Using an econometric methodology advocated by Maddala (1983), we show...

This paper investigates the effectiveness of internal control quality on corruption activities by managers using a sample of Chinese state-owned enterprises. Our empirical evidence shows that firms with high-quality internal controls are associated with less corruption activities, measured as...

Using a sample of 6,771 Chinese public charities from 2005 to 2012, we investigate the role of internal control quality on nonprofit organizations' operating efficiency. We present evidence that internal control weakness and remediation of internal control deficiencies are positively related to...