Jiang, Dequan; Liang, Shangkun; Chen, Donghua - In: China journal of accounting research : CJAR 2 (2009) 1, pp. 71-99
In a changing transition economy, Chinese government regulations that adopt the relatively simple bright line rule formula are enforceable in practice. Taking the early reform-oriented policies of the China Securities Regulatory Commission (CSRC) as an example, we find that the CSRC did not...