This paper finds that compared with non-state-owned firms, Chinese state-owned enterprises controlled by province, city, and county governments (local SOEs) are more likely to hire small auditors within the same region (small local auditors). In regions with less developed institutions, SOEs...

Domestic CHP (combined heat and power) generation is one new application of the ORC (organic Rankine cycle). An environment temperature fluctuation of 40 °C through the year is common in many areas, where the consumer's demand on heat follows a seasonal cycle. In no demand periods the ORC...

Recent research asserts that an essential feature of good corporate governance is strong investor protection, where investor protection is defined as the extent of the "laws" that protect investors' rights and the strength of the legal institutions that facilitate "law enforcement". The purpose...

We examine three-day cumulative abnormal returns around the announcement of 702 newly appointed outside directors assigned to audit committees during a period before implementation of the Sarbanes-Oxley Act (SOX). Motivated by the SOX requirement that public companies disclose whether they have...