Xia, Xue; Teng, Fei; Xu, Liping; Xin, Yu - In: China journal of accounting studies 12 (2024) 1, pp. 199-222
The random inspection of the China Securities Regulatory Commission (CSRC) is an important policy for practicing "standardizing regulatory behavior and innovating management modes". This study investigates how CSRC's random affect capital market information efficiency from the perspective of...