One institutional feature behind China's spectacular economic growth is its political selection system, which it uses to promote officials who are capable of growing local economies. Against this backdrop, we examine how political turnovers cyclically influence firms' tax avoidance behavior....

In Chinese culture, the listing order (the ranking) of individuals reflects their social status and power accorded in an organization. Unlike other countries where corporate executive names are usually listed alphabetically in the annual reports, Chinese public companies' listing order of...

In Chinese culture, the listing order (the ranking) of individuals reflects their social status and power accorded in an organization. Unlike other countries where corporate executive names are usually listed alphabetically in the annual reports, Chinese public companies' listing order of...

In China’s political selection system, officials capable of growing local economies are rewarded with promotions. Eager to demonstrate economic achievements, newly appointed local leaders may raise tax revenues to expand fiscal expenditures on infrastructure projects. Against this backdrop, we...