In this paper the extent to which ownership structure and board characteristics influenced Taiwanese firms' decision to enhance board independence by appointing independent directors and supervisors is investigated. Our first finding supports the incentive-alignment hypothesis where ownership...

A priori, we argue that the period under study is characterised by two distinct regimes. Initially, Non-executive director appointments take place within a regulationist context. In the latter period such board changes occur in a Laissez-faire environment. The empirical analysis suggests that...

To control severe air pollution, multiple policies have been adopted in China. However, it remains unclear which policies actually mitigate air pollution when multiple policies are adopted together. This paper aims to systemically quantify the effectiveness of fifteen air-related policies and...

The development of accounting, auditing and capital markets in China were an integral component of China's economic reforms; auditing was regarded as being critically important to achieving the desired policy objective of delivering a market economy (Yang and Yang, 1998). This article examines...