Adoption of Anglo-American models of corporate governance and financial Reporting in China / edited by Huiying Wu, Chris Patel.

Format:

Book

Contributor:

Wu, Huiying.

Patel, Chris.

Series:

Studies in managerial and financial accounting ; v. 29.

Studies in managerial and financial accounting, 1479-3512 ; v. 29

Language:

English

Subjects (All):

Accounting--China.

Accounting.

Financial statements--China.

Financial statements.

Auditing--China.

Auditing.

Physical Description:

1 online resource (270 pages) : illustrations, tables.

Edition:

First edition.

Place of Publication:

Bingley, England : Emerald, 2015.

Language Note:

English

Summary:

This monograph critically examines the adoption of Anglo-American models of corporate governance and financial reporting in China. More specifically, it examines whether measures taken by the Chinese government, including the adoption of the International Financial Reporting Standards, the introduction of independent directors and audit committees, and the strengthening of auditor independence, are likely to improve the quality of financial reporting. A comprehensive theoretical framework based on institutional theory, which incorporates international influences, domestic influences, and intraorganizational dynamics, was developed. The findings suggest that the current institutional environment in China does not yet fully support Anglo-American practices. The implementation of internationally acceptable principles and standards is largely symbolic rather than instrumental. This monograph shows how contradictory institutional pressures shape the process and outcome of loose coupling between regulations and actual operations, which are intertwined with organizations conflicts of interest and power dependence within Chinas institutional setting.

Contents:

Global convergence and corporate governance-related financial reporting issues

The development of accounting thought and practices in China

An integrated institutional perspective

Research design

The corporate governance and accounting environment in China

Corporate governance-related financial reporting issues in China : empirical evidence

Summary and conclusion.

Notes:

"EmeraldBooks"--Cover.

Includes bibliographical references.

Print version record

ISBN:

9781783508976

1783508973

OCLC:

900606361