Zheng, Dengjin; Xu, Yan; Wenren, Yangyang - In: China journal of accounting research : CJAR 17 (2024) 2, pp. 1-27
Drawing on the implementation of the compliance management guidelines issued by China's SASACs, we construct a quasi-natural experiment to examine the impact of the implementation of these guidelines on the investment efficiency of SOEs. The investment efficiency of SOEs is significantly...