In this paper, we examine the effect of corporate ownership on information asymmetry measured by bid-ask spread in the emerging markets of China. We find that government ownership has significant and positive impacts on bid-ask spread during the period of 1995-2000 which disappears afterward...

In this paper, we investigate the market reaction to the disclosure of critical audit matters (CAM) in terms of trading volumes and the effect of cross-listings on such a reaction in the emerging markets of China. We find that the first time CAM disclosures increase auditor report's value as...

We investigate the changes in the value relevance of accounting information among Chinese firms over the past two decades, during which accounting reforms are launched to provide decision makers with increased disclosure and higher quality financial information. We also investigate the factors...