This study evaluates the quality of accounting information provided by Chinese multinational corporations(MNCs)in relation to the issue of earnings management.Using a combined dataset of outward foreign direct investm...This study evaluates the quality of accounting information provided by Chinese multinational corporations(MNCs)in relation to the issue of earnings management.Using a combined dataset of outward foreign direct investment and financial statements by Chinese firms publicly listed on A-share markets between 2012 and 2017,we investigate whether Chinese MNCs are more inclined to manage earnings.We discover that these firms exhibited significant earnings management behavior and typically adjusted their earnings downward.We demonstrate that these effects were more pronounced among private MNCs than state-owned firms,and in host countries with weaker institutional quality.Further research reveals that after delaying the confirmation of current earnings,Chinese MNCs received higher government subsidies,and this pattern was particularly prevalent among private MNCs.We find no evidence that Chinese MNCs manipulated earnings to avoid paying taxes.展开更多
With the acceleration of China's urbanization,the functions and benefits of mega-projects are required higher.With the deepening of"the Silk Road Economic Belt and the 21st-Century Maritime Silk Road",th...With the acceleration of China's urbanization,the functions and benefits of mega-projects are required higher.With the deepening of"the Silk Road Economic Belt and the 21st-Century Maritime Silk Road",the quantitative evaluation of multinational investment projects will help strengthen cross-border communication among gov-ernment,society and enterprises,which provide a basis for mutual trust.This study empirically analyzes and evaluates the impact of mega-projects on carrying capacity of cities,by using the DID method based on the panel data of 15 cities in China from 2000 to 2013.The results show that the construction and operation of the first-line project of the West-East gas pipeline has a significant positive impact on the improvement of carrying capacity of cities along the line.However,the degree of impact on three di-mensions is slightly different.The impact on the social carrying capacity is the greatest,then the ecological and economic carrying capacity.Therefore,the decisions of do-mestic mega-projects should be unified with urban planning to promote the sustain-able development of China's economy and social.The investment of mega-projects abroad should also be coordinated with the carrying capacity of host cities,in order to enhance the competitiveness and creativity of Chinese multinational mega-projects investment.展开更多
文摘As far as international venture capital is concerned, three sectors that deserve big injections of cash this year are energy, media and the Internet.
基金the National Natural Science Foundation of China(Nos.72203061,72303157,and 72173082)the Ministry of Education Project of Key Research Institute of Humanities and Social Sciences at Universities in China(No.22JJD790011)the Fundamental Research Funds for the Central Universities(No.2021ECNU-HLYT033).
文摘This study evaluates the quality of accounting information provided by Chinese multinational corporations(MNCs)in relation to the issue of earnings management.Using a combined dataset of outward foreign direct investment and financial statements by Chinese firms publicly listed on A-share markets between 2012 and 2017,we investigate whether Chinese MNCs are more inclined to manage earnings.We discover that these firms exhibited significant earnings management behavior and typically adjusted their earnings downward.We demonstrate that these effects were more pronounced among private MNCs than state-owned firms,and in host countries with weaker institutional quality.Further research reveals that after delaying the confirmation of current earnings,Chinese MNCs received higher government subsidies,and this pattern was particularly prevalent among private MNCs.We find no evidence that Chinese MNCs manipulated earnings to avoid paying taxes.
基金the Tianjin Philosophy and Social Sciences Planning Subsidy Project No.TJGLQN18-014.
文摘With the acceleration of China's urbanization,the functions and benefits of mega-projects are required higher.With the deepening of"the Silk Road Economic Belt and the 21st-Century Maritime Silk Road",the quantitative evaluation of multinational investment projects will help strengthen cross-border communication among gov-ernment,society and enterprises,which provide a basis for mutual trust.This study empirically analyzes and evaluates the impact of mega-projects on carrying capacity of cities,by using the DID method based on the panel data of 15 cities in China from 2000 to 2013.The results show that the construction and operation of the first-line project of the West-East gas pipeline has a significant positive impact on the improvement of carrying capacity of cities along the line.However,the degree of impact on three di-mensions is slightly different.The impact on the social carrying capacity is the greatest,then the ecological and economic carrying capacity.Therefore,the decisions of do-mestic mega-projects should be unified with urban planning to promote the sustain-able development of China's economy and social.The investment of mega-projects abroad should also be coordinated with the carrying capacity of host cities,in order to enhance the competitiveness and creativity of Chinese multinational mega-projects investment.
