As a unique environmental regulation in China,the official accountability audit was piloted in 2014.With a focus on prioritizing the ecological environment,officials in pilot districts have implemented economic constr...As a unique environmental regulation in China,the official accountability audit was piloted in 2014.With a focus on prioritizing the ecological environment,officials in pilot districts have implemented economic construction,adjusted industrial structures,and promoted coordinated development between the economy and environment.The effects of implementation have garnered widespread attention from society.However,there is limited research on the impact of an accountability audit on industrial structure adjustments.Using the“Accountability Audit of Officials for Natural Resource Assets(Trial)”released in 2015 as a quasi-natural experiment,this study collected panel data from 279 cities between 2013 and 2017.It then empirically analyzed the impact mechanism and effects of the accountability audit on industrial structure adjustment using the Propensity Score Matching and Difference-in-Differences model.The research findings indicate that the accountability audit directly impacted industrial structure adjustment,promoting the upgrading of the primary industry to the secondary industry and restricting the development of the tertiary industry.In addition,the audit is beneficial for enterprise entry,but not conducive to technological innovation,and has no significant impact on foreign direct investment.This conclusion fills a gap in the existing research and provides valuable insights for policymakers.展开更多
Recent literature dealing with nongovemmental organizations （NGOs） claims that NGOs have little incentive to base their decisions and strategies on local needs and instead are governed largely by their current and p...Recent literature dealing with nongovemmental organizations （NGOs） claims that NGOs have little incentive to base their decisions and strategies on local needs and instead are governed largely by their current and prospective donors （McGann ＆ Johnstone, 2006; Prakash ＆ Gugerty, 2010; Bollen et al., 2005）. To test this claim, I have created a quantitative experiment in the US and Uganda in which organizations were randomly assigned to a control group or one of four treatment groups based on the main stakeholders of the NGO market---donors, local government officials, project beneficiaries, and NGO peers. In each group, organizations were invited to take a survey and were told that the results of their survey would be published to one of these four stakeholder groups. Thus, differences in response rates between groups are attributed to differences in the degree of concern that NGOs felt about the opinions of a given stakeholder. I hypothesized that NGOs care more about the opinions of their donors than other stakeholder groups and found support for this hypothesis among NGOs in the US.展开更多
This study investigates whether accounting firms match the experience level of individual auditors with the risk level of clients in order to control audit risk. We find that accounting firms tend to assign more exper...This study investigates whether accounting firms match the experience level of individual auditors with the risk level of clients in order to control audit risk. We find that accounting firms tend to assign more experienced auditors to non-state-owned clients that typically have higher tendency to engage in earnings management. Such an assignment pattern is more pronounced for non-Big 4 accounting firms. Further analysis suggests that auditors＇ experience helps reduce clients＇ earnings management level, proxied by abnormal accruals, and thus improves the audit quality. This study enriches the literature on the allocation of human resources and the risk control mechanism in the audit services industry, which has been seldom explored in prior studies.展开更多
文摘As a unique environmental regulation in China,the official accountability audit was piloted in 2014.With a focus on prioritizing the ecological environment,officials in pilot districts have implemented economic construction,adjusted industrial structures,and promoted coordinated development between the economy and environment.The effects of implementation have garnered widespread attention from society.However,there is limited research on the impact of an accountability audit on industrial structure adjustments.Using the“Accountability Audit of Officials for Natural Resource Assets(Trial)”released in 2015 as a quasi-natural experiment,this study collected panel data from 279 cities between 2013 and 2017.It then empirically analyzed the impact mechanism and effects of the accountability audit on industrial structure adjustment using the Propensity Score Matching and Difference-in-Differences model.The research findings indicate that the accountability audit directly impacted industrial structure adjustment,promoting the upgrading of the primary industry to the secondary industry and restricting the development of the tertiary industry.In addition,the audit is beneficial for enterprise entry,but not conducive to technological innovation,and has no significant impact on foreign direct investment.This conclusion fills a gap in the existing research and provides valuable insights for policymakers.
文摘Recent literature dealing with nongovemmental organizations （NGOs） claims that NGOs have little incentive to base their decisions and strategies on local needs and instead are governed largely by their current and prospective donors （McGann ＆ Johnstone, 2006; Prakash ＆ Gugerty, 2010; Bollen et al., 2005）. To test this claim, I have created a quantitative experiment in the US and Uganda in which organizations were randomly assigned to a control group or one of four treatment groups based on the main stakeholders of the NGO market---donors, local government officials, project beneficiaries, and NGO peers. In each group, organizations were invited to take a survey and were told that the results of their survey would be published to one of these four stakeholder groups. Thus, differences in response rates between groups are attributed to differences in the degree of concern that NGOs felt about the opinions of a given stakeholder. I hypothesized that NGOs care more about the opinions of their donors than other stakeholder groups and found support for this hypothesis among NGOs in the US.
基金Ye thanks the National Natural Science Foundation of China for financial support （Grant No, 71072145 and 71132004）. Yuan gratefully acknowledges the financial support from the Humanities and Social Science Research Project of the Ministry of Education of China （Grant No. 11YJC630270）. Cheng thanks the National Natural Science Foundation of China for financial support （Grant No. 71272152）. We appreciate the valuable comments and suggestion of the two anonymous referees, All remaining errors and omissions are our own.
文摘This study investigates whether accounting firms match the experience level of individual auditors with the risk level of clients in order to control audit risk. We find that accounting firms tend to assign more experienced auditors to non-state-owned clients that typically have higher tendency to engage in earnings management. Such an assignment pattern is more pronounced for non-Big 4 accounting firms. Further analysis suggests that auditors＇ experience helps reduce clients＇ earnings management level, proxied by abnormal accruals, and thus improves the audit quality. This study enriches the literature on the allocation of human resources and the risk control mechanism in the audit services industry, which has been seldom explored in prior studies.
