Showing 1 - 10 of 15
Persistent link: https://www.econbiz.de/10005331475
The year 2007 may well be remembered as a milestone in the development of accounting and financial reporting standards in China, as it was the year that the country's new, substantially IFRS-convergent, accounting standards became compulsory for selected companies. Having evolved from a closed...
Persistent link: https://www.econbiz.de/10005546271
We examine how the rent-seeking incentives of local government motivate private firms1 listed in China to establish political connections, and whether such connections lead to more concentrated corporate control structures. Our results show that such firms are more likely to establish political...
Persistent link: https://www.econbiz.de/10008866610
Persistent link: https://www.econbiz.de/10005546114
Empirical studies have generally reported insignificant market reactions to employee downsizing. In an effort to reconcile ongoing layoffs with inconclusive empirical results, we segregated our sample by downsizing strategy and examined employee layoff announcements made by "Fortune 500" firms...
Persistent link: https://www.econbiz.de/10005167723
This paper documents different timeliness in disseminating sanction and enforcement information (SEI) by two types of regulatory agencies in China and the different consequences that flow from them. The China Securities Regulatory Commission (CSRC) does not make timely public disclosures of SEI...
Persistent link: https://www.econbiz.de/10005546227
Unlike the situation in most developed countries, before the enactment of China's 2006 Bankruptcy Law it was difficult for Chinese-listed companies, which were mostly government owned, to declare bankruptcy. Our analysis of a sample of Chinese financially-distressed companies from 2001 to 2010...
Persistent link: https://www.econbiz.de/10011208481
Conventional theory for private information of adverse selection predicts a positive correlation between insurance coverage and ex post risk. This paper shows the opposite in the life insurance market despite the clear evidence of private information on mortality risk. The reason for this...
Persistent link: https://www.econbiz.de/10010821950
HCFC-22, widely used in variety of refrigerating/heating equipment, has been scheduled to be phased out by Montreal Protocol. This decision will result in significant reduction of ozone depletion and global warming, holding on the climate benefits accrued so far. In this paper, significant...
Persistent link: https://www.econbiz.de/10010807613
The LFL (lower flammable limit) and UFL (upper flammable limit) of R1150 were researched experimentally on a self-made test rig according to the Chinese National Standard GB/T12474 under variable temperature and humidity conditions. Results showed that the LFL increased with the decrease of...
Persistent link: https://www.econbiz.de/10011053255