This study examines the long-term impact of the TARP bailout on bank risk-taking. Using data from 2005 to 2014, our results indicate that TARP can help reduce TARP banks’ risk-taking. And this effect becomes less significant in a shorter sample period (2005 to 2010). Furthermore, the empirical...

The Global Financial Crisis (GFC) presents a unique opportunity to study how auditors respond to an exogenous shock to the clients' operating environment. Also, due to the GFC, auditors were under pressure from clients to cut audit fees during the crisis. Regulators were concerned that lower...

Chapter1. China’s Early Choice of Modernization Path -- Chapter2. Seeking a Chinese Path (1956–1976) -- Chapter3. Legacy of the Mao Era and China’s Modernization -- Chapter4. Dialectics of the Market Economy -- Chapter5. Chinese Democracy -- Chapter6. Chinese New Model of Modernization....