Carbon emissions from end-use energy consumption have been increasing for a long time and have become a major factor in the growth of regional carbon emissions, which has attracted widespread attention. The complex geographic-related climate situation and various development levels have created...

The resilience of the phosphorus (P) cycling network is critical to ecosystem functioning and human activities. Although P cycling pathways have been previously mapped, a knowledge gap remains in evaluating the P network’s ability to withstand shocks or disturbances. Applying principles of...

We study the effect of state control on capital allocation and investment in China where the government screens prospective stock issuers. We find that state firms are more likely to obtain government approval to conduct seasoned equity offerings than non-state firms. Further, non-state firms...

In this study, we examine whether government regulatory initiatives in China involving IPO by SOEs may have contributed to opportunistic behaviors by the issuer. We focus on two sets of IPO regulations issued between January 1, 1996 and February 11, 1999: pricing regulations, which stipulate...

We examine the role that political-economic factors play in shaping financial analyst bias using a series of scheduled provincial elections in China. Theory on political business cycles holds that, in a short period prior to these political events, provincial politicians have stronger incentives...

Backed by China's economic growth, the initial public offering (IPO) market in China has been one of the most vigorous in the world. In this market, practicing auditors routinely sit on the regulatory committee responsible for screening prospective IPO firms. Against this backdrop, we examine...

We examine the role that an audit firm’s national office plays in shaping its practice offices’ economic outcomes. Given that national offices provide superior support, monitoring, and advising to physically closer offices, we expect an increase in proximity to improve practice offices’...

We analyze a unique auditor independence threat stemming from audit partners’ incentives to secure new revenue streams using the context of audit clients belonging to business groups. Since a partner who issues a modified audit opinion (MAO) to a group-affiliated client risks losing not only...

Not only insufficient water quantity, but also inadequate water quality can pose constraints on agricultural production and result in potential economic losses. Such economic losses in agriculture may adversely impact downstream producers through reduced input supplies. In this study, we...

This study investigates whether companies engage in audit opinion shopping activities by exerting influence over an audit firm's decision to switch the engagement partner (“partner-level opinion shopping”) in the Chinese setting, where the identities of engagement partners are publicly...