Purpose: This study investigates whether listed firms using equity incentive plans (EIPs) adopt more conservative accounting in China's unique corporate setting. Design/methodology/approach: Based on a sample of 2,243 listed firms and 9,950 firm-year observations for the period of 2008–2017,...

This paper investigates the impact of ownership structure on the properties of analysts' forecasts in China's unique institutional environment. Although the China Securities Regulatory Commission (CSRC) has recently issued a series of polices on equity based incentive plan with the aim of...

This paper examines the estimation risk prospective of whether greater corporate disclosure results in smaller stock return volatilities (thus less risk premiums being claimed by outside investors) and a lower cost of equity capital in a low disclosure environment, namely that of the two Chinese...

Prior studies on developed markets have documented that conditional conservatism is positively associated with investment efficiency. In this study, we investigate whether this association can be shaped by the unique institutional environment—state ownership of firms and banks—in China....

Purpose The purpose of this paper is to investigate the association between ownership structure and the properties of analysts’ forecasts in China’s unique corporate setting. Design/methodology/approach Multiple regression models were used to examine the influence of ownership structure...