This paper finds that compared with non-state-owned firms, Chinese state-owned enterprises controlled by province, city, and county governments (local SOEs) are more likely to hire small auditors within the same region (small local auditors). In regions with less developed institutions, SOEs...

Domestic CHP (combined heat and power) generation is one new application of the ORC (organic Rankine cycle). An environment temperature fluctuation of 40 °C through the year is common in many areas, where the consumer's demand on heat follows a seasonal cycle. In no demand periods the ORC...

We test the assertion that a consequence of voluntarily adopting International Accounting Standards (IAS) is the enhanced ability to attract foreign capital. Using a unique database that reports firm-level holdings of over 25,000 mutual funds from around the world, our multivariate tests find...