We examine the puzzling observation of newly emergent Chinese non-state-controlled enterprises (NSCEs) adapting the long-established practice from state-controlled organizations of inviting state officials for general non-technical and non-regulatory visits(领导视察) and then publicizing...

Using a sample of listed Chinese non-state-controlled enterprises (NSCEs) from 1999 to 2011, we show that NSCEs with political connections are less likely to engage high quality (big) auditors than similar non-connected NSCEs. These results suggest that connected NSCEs under Chinese state...

Drawing on herding behavior theory, prior studies regarding the use of peers for investment decisions and compensation practices and the recent reports which suggest that firms use peer information for audit pricing, we examine the effect of peer groups on the audit pricing process of a sample...