As China emerges as a global hegemon,one that possesses the ambition to establish a 21stcentury Maritime Silk Road（MSR）,the purpose of which will be to create trade routes connecting Chinese coasts with Africa,Europ...As China emerges as a global hegemon,one that possesses the ambition to establish a 21stcentury Maritime Silk Road（MSR）,the purpose of which will be to create trade routes connecting Chinese coasts with Africa,Europe,and Asia,it would be useful to take a glance at the rear view mirror展开更多
This paper investigates the factors affecting the conservatism of accounting reports at the market-level and firm-level. At the market-level, law and institutional factors explain conservatism, while at the firm-level...This paper investigates the factors affecting the conservatism of accounting reports at the market-level and firm-level. At the market-level, law and institutional factors explain conservatism, while at the firm-level contracting is the driver. We predict and observe that while both levels jointly affect conservatism, it is firm-level factors that play a dominant role. The conclusion suggests that it is more effective to improve the quality of accounting reports by motivating the firm's own demand rather than through listing in a developed capital market.展开更多
文摘As China emerges as a global hegemon,one that possesses the ambition to establish a 21stcentury Maritime Silk Road（MSR）,the purpose of which will be to create trade routes connecting Chinese coasts with Africa,Europe,and Asia,it would be useful to take a glance at the rear view mirror
基金supported by Program for New Century Excellent Talents in University
文摘This paper investigates the factors affecting the conservatism of accounting reports at the market-level and firm-level. At the market-level, law and institutional factors explain conservatism, while at the firm-level contracting is the driver. We predict and observe that while both levels jointly affect conservatism, it is firm-level factors that play a dominant role. The conclusion suggests that it is more effective to improve the quality of accounting reports by motivating the firm's own demand rather than through listing in a developed capital market.
