Duan, Binglei; Ma, Xinxiao; Tang, Taijie; Zheng, Guojiang - In: China journal of accounting research : CJAR 14 (2021) 2, pp. 129-149
Institutional changes inevitably impose adjustment costs on firms while also generating benefits. However, empirical … evidence regarding the adjustment costs of institutional changes is limited, with much of the focus centered on benefits. Using … economic consequences of tax reform. The corporate adjustment costs that arise from institutional changes deserve more …