Media dissemination has an important function in facilitating price discovery. Political pressure that restricts media dissemination can hinder this function and affect investors' perceptions. We investigate the magnitude and economic consequences of China's newspaper censorship, which blocks...

One might think that bribery is always unethical. Studies by the Organisation for Economic Cooperation and Development discourage the practice and a number of other studies have viewed bribery in negative terms. However, a closer examination of the issue reveals that the question of whether...

This study provides a comparative analysis on the adoption rate of management accounting practices in Egypt and China. The results of the analysis have revealed significant differences between the two countries. For example, Chinese firms placed heavier emphasis on budgeting systems while...

Tax evasion has existed historically. The present study lists rationalizations for tax evasion in a survey consisting of 18 questions. This survey has been used in the past including a survey of business students in China by McGee, Yoon and Li (2015). The present study surveys Chinese business...

The ethics of tax evasion has been discussed sporadically in the theological and philosophical literature for at least 500 years. Martin Crowe wrote a doctoral thesis that reviewed much of that literature in 1944. The debate revolved around about 15 issues. Over the centuries, three main views...

In 1944, Martin Crowe, a Catholic priest, wrote a doctoral dissertation titled The Moral Obligation of Paying Just Taxes. His dissertation summarized and analyzed 500 years of theological and philosophical debate on this topic, which identified three basic philosophical positions on the issue....

This paper examines the effect of corporate risk-taking on the opportunistic earnings management and corporate opacity. Using a large sample of Chinese stocks spanning the period 2007-2015, we find that corporate risk-taking is positively related to both accrual based - and real...

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...

Prior studies suggest that financial accounting audits improve earnings quality and exert positive effects on a firm’s cost of capital/investments. We argue, however, that managers who have experienced prior downward audit adjustments, will react myopically by increasing future real earnings...