“Reverse transmission mechanism” is a deep-seated problem in China’s economy. Understanding it is the key to unraveling the interaction among China’s growth mechanism, cycles and policy options. In the new millennium, great changes have occurred in the economic environment and the...

This paper derives the impacts of legal system characteristics and auditing standards on auditor behavior (audit quality), and analyzes the determination of optimal auditing standards under different legal regimes. Legal regimes are characterized by differences in the uncertainty concerning the...

In this paper, we focus mainly on the effects of COVID-19 on global systemic risk. We apply principal components analysis (PCA) and nonlinear Granger causality to analyze the systemic risk dynamic network connectedness during COVID-19 with the stock, bond, and foreign exchange markets of 14...