This paper aims to examine whether or not the adoption of fair value accounting （FVA） has an effect on the level of information transparency and the degree of earnings management, to identify whether the legal insti...This paper aims to examine whether or not the adoption of fair value accounting （FVA） has an effect on the level of information transparency and the degree of earnings management, to identify whether the legal institutions have powers to explain those effects of the adoption of FVA, and to explore the relationship between the effects of the adoption of FVA and several specific characteristics of the banking industry. By investigating the banking sectors of four Asian countries/regions including China, Hong Kong, the Philippines, and Singapore which have adopted International Financial Reporting Standards （IFRS）, this paper finds that after the application of FVA, the estimated cost of equity of the sampled banks significantly decreases and the relationship between banks＇ loan loss provisions （LLP） and earnings before provisions and tax （EBPT） becomes irrelevant. The evidence supports the effects of FVA adoption on the enhancement of accounting quality. In addition, sound legal/extra-legal systems are closely linked to the degree of accounting quality and still have a strong influence on FVA.展开更多
A high level of quality and efficiency in an economic system is extremely relevant for the growth of a country. This is particularly true in relation to the justice system. The aim of this work is to estimate the exte...A high level of quality and efficiency in an economic system is extremely relevant for the growth of a country. This is particularly true in relation to the justice system. The aim of this work is to estimate the extent to which the identified variables affect the length of civil proceedings, particularly with regard to the role of lawyers.展开更多
Hospital Gunshots On the morning of April 17,2016,in front of the People’s Hospital of Linying County of Henan Province,a number of relatives of a dead child cried incessantly,hung banners and posted the child’s pho...Hospital Gunshots On the morning of April 17,2016,in front of the People’s Hospital of Linying County of Henan Province,a number of relatives of a dead child cried incessantly,hung banners and posted the child’s photos in front of the hospital.展开更多
Chinese medicine（CM）has attracted wide attention from the public after the return of Hong Kong（HK）to China in July 1997.In 1999,the HK Chinese Medicine Ordinance was enacted to confirm the legal position of CM and...Chinese medicine（CM）has attracted wide attention from the public after the return of Hong Kong（HK）to China in July 1997.In 1999,the HK Chinese Medicine Ordinance was enacted to confirm the legal position of CM and since then the development of CM in HK has entered an entirely newphase.展开更多
WTO Ruling The World Trade Organization(WTO)on January 19 confirmed its ruling that the EU’s imposition of antidumping measures on certain iron or steel fasteners from China was illicit,ending a seven-year legal batt...WTO Ruling The World Trade Organization(WTO)on January 19 confirmed its ruling that the EU’s imposition of antidumping measures on certain iron or steel fasteners from China was illicit,ending a seven-year legal battle which saw Chinese exports of screws,nuts and bolts to the EU plummet Following the imposition of EU duties on the Chinese imports。展开更多
文摘This paper aims to examine whether or not the adoption of fair value accounting （FVA） has an effect on the level of information transparency and the degree of earnings management, to identify whether the legal institutions have powers to explain those effects of the adoption of FVA, and to explore the relationship between the effects of the adoption of FVA and several specific characteristics of the banking industry. By investigating the banking sectors of four Asian countries/regions including China, Hong Kong, the Philippines, and Singapore which have adopted International Financial Reporting Standards （IFRS）, this paper finds that after the application of FVA, the estimated cost of equity of the sampled banks significantly decreases and the relationship between banks＇ loan loss provisions （LLP） and earnings before provisions and tax （EBPT） becomes irrelevant. The evidence supports the effects of FVA adoption on the enhancement of accounting quality. In addition, sound legal/extra-legal systems are closely linked to the degree of accounting quality and still have a strong influence on FVA.
文摘A high level of quality and efficiency in an economic system is extremely relevant for the growth of a country. This is particularly true in relation to the justice system. The aim of this work is to estimate the extent to which the identified variables affect the length of civil proceedings, particularly with regard to the role of lawyers.
文摘Hospital Gunshots On the morning of April 17,2016,in front of the People’s Hospital of Linying County of Henan Province,a number of relatives of a dead child cried incessantly,hung banners and posted the child’s photos in front of the hospital.
文摘Chinese medicine（CM）has attracted wide attention from the public after the return of Hong Kong（HK）to China in July 1997.In 1999,the HK Chinese Medicine Ordinance was enacted to confirm the legal position of CM and since then the development of CM in HK has entered an entirely newphase.
文摘WTO Ruling The World Trade Organization(WTO)on January 19 confirmed its ruling that the EU’s imposition of antidumping measures on certain iron or steel fasteners from China was illicit,ending a seven-year legal battle which saw Chinese exports of screws,nuts and bolts to the EU plummet Following the imposition of EU duties on the Chinese imports。
