A principal-agent relationship exists among creditors,shareholders and management,and information asymmetry among them leads to asymmetric loss functions,which induces conservative accounting.This paper investigates t...A principal-agent relationship exists among creditors,shareholders and management,and information asymmetry among them leads to asymmetric loss functions,which induces conservative accounting.This paper investigates the determinants of accounting conservatism using accrual-based measures and data from 2001 to 2006 in China.We find that a higher degree of leverage,lower level of control of ultimate shareholders and lower level of management ownership lead to more conservative financial reporting.We also find that political concerns and pressures among state-owned enterprises are greater than those among non-state owned enterprises,which leads to more conservative financial reporting among the former.However,a decrease in such concerns leads to a decrease in accounting conservatism.Overall,we find that among the determinants of conservatism in China,debt is the most important,followed by ownership,and that board has little influence.展开更多
Land Use Policy is an international and interdisciplinary journal,published by Elsevier,concerned with the social,economic,political,legal,physical and planning aspects of urban and rural land use.Recently,a themed is...Land Use Policy is an international and interdisciplinary journal,published by Elsevier,concerned with the social,economic,political,legal,physical and planning aspects of urban and rural land use.Recently,a themed issue on＂Land Use Policy in China＂has been published in Volume 40 of this journal （http：//www.sciencedirect.com/science/journal/02648377/40）. Under the guidance of the journal editor Professor Guy Robinson from University of South Australia, Professor Hualou Long acted as the guest editor in compiling this themed issue.展开更多
基金sponsored by the National Natural Science Foundation of China(grant number 70772017)
文摘A principal-agent relationship exists among creditors,shareholders and management,and information asymmetry among them leads to asymmetric loss functions,which induces conservative accounting.This paper investigates the determinants of accounting conservatism using accrual-based measures and data from 2001 to 2006 in China.We find that a higher degree of leverage,lower level of control of ultimate shareholders and lower level of management ownership lead to more conservative financial reporting.We also find that political concerns and pressures among state-owned enterprises are greater than those among non-state owned enterprises,which leads to more conservative financial reporting among the former.However,a decrease in such concerns leads to a decrease in accounting conservatism.Overall,we find that among the determinants of conservatism in China,debt is the most important,followed by ownership,and that board has little influence.
文摘Land Use Policy is an international and interdisciplinary journal,published by Elsevier,concerned with the social,economic,political,legal,physical and planning aspects of urban and rural land use.Recently,a themed issue on＂Land Use Policy in China＂has been published in Volume 40 of this journal （http：//www.sciencedirect.com/science/journal/02648377/40）. Under the guidance of the journal editor Professor Guy Robinson from University of South Australia, Professor Hualou Long acted as the guest editor in compiling this themed issue.
