Firth, Michael; Rui, Oliver M.; Wu, Xi - In: Journal of Accounting and Public Policy 28 (2009) 2, pp. 118-132
This paper documents different timeliness in disseminating sanction and enforcement information (SEI) by two types of regulatory agencies in China and the different consequences that flow from them. The China Securities Regulatory Commission (CSRC) does not make timely public disclosures of SEI...