This paper investigates sensitivity of stock returns of industry-sorted Chinese firms with respect to renminbi exchange rate movements. Strong evidence of significant exposure is documented for 7 out of 16 Chinese industries. Evidence is also found of the size asymmetry effects. In addition, we...

Purpose: The Ministry of Finance issued the new China accounting standards on February 15, 2006(CAS2006), which requires the listed companies to use the balance sheet liability method for the income tax accounting. Thus, it gives us an opportunity to investigate the earnings management of listed...

Purpose: The purpose of this paper is to examine whether client industry importance affects auditor independence. Design/methodology/approach: This study analyzes audit firm merger data from China Stock Market and Accounting Research and uses a difference-in-difference model to find whether...