Canadian financial restatements announced during 1997–2006 lower market quality and signal to market participants that expected future cash flows and their uncertainty are diminished and increased, respectively. Abnormal returns are related to downward revisions in consensus earnings...

Canadian firms have different roots (e.g., more concentrated ownership and smaller size) than U.S. firms and Canadian regulatory enforcement follows a different route (principle- versus rule-based) that embodies the underlying intent of Sarbanes–Oxley (SOX). Financial restatements are more...

Green accounting is a debated issue. This pilot study for the first time estimates the values of China's forest resources and calculates its forest green GDP. It relies primarily on existing data on previously published information by the government in China. Our estimates indicate that the...

'Genuine Saving' is an indicator which reflects the practical steps towards sustainability. This paper for the first time estimates the Genuine Saving for forests in China. The results show that the Genuine Saving for forests in 1999 was 10290.25 billion Yuan (RMB) and 19402.52 billion Yuan in...

Growing pressures on timber resources and increasing environmental awareness have generated the need to comprehensively analyze forest management in Fujian Province, China. Fujian is the most heavily forested province in China and experiences an unprecedented property rights reform and changes...

Forest accounting considers physical and monetary data relating to the degree of substitutability for natural capital, and composes accounts for forest assets measured in physical and monetary terms to show the impact of the economy on the environment. It is extremely useful in formulating and...