Wang seeks to explain why one company committed securities fraud only during certain years and why some companies had a higher propensity to commit securities fraud. He finds evidence linking executive incentive compensation to securities fraud. Some corporate governance measures may also play a...

We examine the association between auditor choice and the accruals patterns of Chinese listed firms that cross-list in Hong Kong. Our evidence suggests that the clients of Big 4 auditors report lower unsigned discretionary accruals relative to the clients of non-Big 4 auditors. Further, we find...

The proportion of non-performing loans (NPLs) constitutes an objective measure of capital adequacy for individual banks and is one of the critical indicators of a country's economic efficiency. Beginning with the United States in the late 1980s, there has been a succession of non-performing loan...

Understanding China’s Real Estate Markets: A Brief Introduction -- Part I: Structural and Macro Economic Aspects of Real Estate in China -- The Evolving Real Estate Market Structure in China -- Navigating the Property Data Landscape -- China’s Economy at the Crossroads -- China’s...

Within the global constellation of increasingly connected urban centers, shifts in cultural preferences, design thinking, and spatial signification often reflect parallel transitions in capital forces and economic realities, locally and across the globe. The premise of the Global Leadership in...