China’s Government Audit and Governance Efficiency of Companies: Analyses of Listed Companies Controlled By China’s Central State-Owned Enterprises

2018 ◽  
Vol 22 (4) ◽  
pp. 55-75
Author(s):  
Kuk-Hyun Choe ◽  
Quan Sun
Keyword(s):  
Listed Companies ◽  
Central State ◽  
Government Audit

scholarly journals The optimal managerial incentive mechanism for China’s local and central SOEs: An empirical study of listed companies

2017 ◽  
Vol 13 (1) ◽  
pp. 79-86
Author(s):  
Jinxin Zhao ◽  
Yong Wang ◽  
Pengjian Jin ◽  
Chongsheng Yang
Keyword(s):  
Empirical Study ◽  
Financial Incentives ◽  
Incentive Compatibility ◽  
Listed Companies ◽  
Central State ◽  
Ownership Type ◽  
Managerial Incentive ◽  
Custom Made ◽  
Ownership Reform

By studying listed companies, this paper investigates the effects of financial incentives and administrative incentives on the performance of managers in China’s local state-owned enterprises and central state-owned enterprises (SOEs) respectively. We find that administrative incentives are more effective on managers of central SOEs, while financial incentives are more effective on those of local SOEs. We conclude that against the current background of mixed-ownership reform, we should realise the limitations of administrative incentives and broaden the role of financial ones. Moreover, we should find, for SOEs, the optimal incentive combination that is custom-made based on ownership type. In this way, incentive compatibility can be achieved and SOE performance will be enhanced.

scholarly journals Financial Excesses and Executive Compensation Stickiness

2020 ◽  
Vol 214 ◽  
pp. 03030
Author(s):  
Gan Shengdao ◽  
Liang Yang ◽  
Huang Jintao
Keyword(s):  
Property Rights ◽  
Executive Compensation ◽  
Listed Companies ◽  
Local State ◽  
Central State ◽  
The Impact ◽  
Positive Effect ◽  
A Share

This research selects China A-share listed companies from 2007-2018 as the research sample, and empirically tests the impact of financial excesses and property rights on the executive compensation stickiness. This study finds that financial excesses have a significant regulating effect on executive compensation stickiness, and the degree of stickiness regulation for enterprises with different property rights is quite different. Financial excesses inhibit executive compensation stickiness in local-state-owned enterprises and non-state-owned enterprises, but have a positive effect when it happens in central-state-owned enterprises

Comprehensive Income: which potential effects on firms' performance evaluation and users' decision process?

2016 ◽  
pp. 55-94
Author(s):  
Pier Luigi Marchini ◽  
Carlotta D'Este
Keyword(s):  
Performance Evaluation ◽  
Decision Process ◽  
Financial Analysts ◽  
Listed Companies ◽  
Financial Statement ◽  
Comprehensive Income ◽  
Other Comprehensive Income ◽  
Gains And Losses ◽  
The Impact

The reporting of comprehensive income is becoming increasingly important. After the introduction of Other Comprehensive Income (OCI) reporting, as required by the 2007 IAS 1-revised, the IASB is currently seeking inputs from investors on the usefulness of unrealized gains and losses and on the role of comprehensive income. This circumstance is of particular relevance in code law countries, as local pre-IFRS accounting models influence financial statement preparers and users. This study aims at investigating the role played by unrealized gains and losses reporting on users' decision process, by examining the impact of OCI on the Italian listed companies RoE ratio and by surveying a sample of financial analysts, also content analysing their formal reports. The results show that the reporting of comprehensive income does not affect the financial statement users' decision process, although it statistically affects Italian listed entities' performance.

The Severity of Internal Controls over Financial Reporting Deficiencies: Differences among Types and Industries

2014 ◽  
pp. 55-77
Author(s):  
Tatiana Mazza ◽  
Stefano Azzali
Keyword(s):  
Information Technology ◽  
Financial Reporting ◽  
Internal Control ◽  
Service Industry ◽  
Listed Companies ◽  
Internal Controls ◽  
Service Companies ◽  
Finance Industry ◽  
Material Weaknesses ◽  
Fixed Assets

This study analyzes the severity of Internal Control over Financial Reporting deficiencies (Deficiencies, Significant Deficiencies and Material Weaknesses) in a sample of Italian listed companies, in the period 2007- 2012. Using proprietary data the severity of the deficiencies is tested for account-specific, entity level and information technology controls and for industries (manufacturing and services vs finance industries). The results on ICD severity is compared with one of the most frequent ICD (Acc_Period End/Accounting Policies): for account-specific, ICD in revenues, purchase, fixed assets and intangible, loans and insurance are more severe while ICD in Inventory are less severe. Differences in ICD severity have been found in the characteristic account: ICD in loan and insurance for finance industry and ICD in revenue, purchase for manufacturing and service industry are more severe. Finally, we found that ICD in entity level and information technology controls are less severe than account specific ICD in all industries. However, the results on entity level and information technology deficiencies could also mean that the importance of these types of control are under-evaluated by the manufacturing and service companies.

Audit Committee Effectiveness Among Malaysian Listed Companies

2020 ◽  
Author(s):  
Shamsul Nahar Abdullah ◽  
Ku Nor Izah Ku Ismail
Keyword(s):  
Corporate Governance ◽  
Audit Committee ◽  
Stock Exchange ◽  
Listed Companies ◽  
The Other ◽  
Interactive Effects ◽  
Committee Chairman ◽  
Kuala Lumpur ◽  
Political Costs ◽  
Leadership Structure

This study investigates further the previous paper by Shamsul Nahar and Al-Murisi (1997) by examining the interactive effects of the variables in that paper and introducing other variables associated with corporate governance and political costs. The present study postulated that percentage of external directors on audit committee interacted with the presence of an accountant on audit committee and with the number of years an audit committee in existence, respectively, to influence audit committee effectiveness. The study also posited that the interaction of the presence of an accountant on audit committee and the number of years an audit committee in existence positively and significantly influenced audit committee effectiveness. Addition. ally, the roles of leadership structure, audit committee chairman, and a firm's size on audit committee effectiveness were also investigated. Using a multiple regression from a sample consisting the Kuala Lumpur Stock Exchange listed companies, results showed that only a firm's size significantly influenced audit committee effectiveness in the predicted direction. Other variables, on the other hand, did not show any significant influence on audit committee effectiveness.  

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