Prior studies suggest earnings quality increases when audit quality increases. We test whether such a relation is affected by institutional factors, such as the use of International Financial Reporting Standards (IFRS), which is regarded as a superior set of accounting standards. We use and...

This paper develops a game model to depict the process of determining the trading price and volume at equilibrium of Chinese carbon emission allowance trading market. Assuming that the cost for carbon emission reduction is a normally distributed random variable, enterprises are risk-neutral, and...