Pei, D., Hamill, P.A. and Opong, K.K. (2010) An analysis of quasi-qualification, modified auditor opinions and special treatment status on China's Shenzhen market. Applied Economics Letters, 17(13), pp. 1265-1271. (doi: 10.1080/00036840902881827)
Full text not currently available from Enlighten.
Abstract
The development of accounting, auditing and capital markets in China were an integral component of China's economic reforms; auditing was regarded as being critically important to achieving the desired policy objective of delivering a market economy (Yang and Yang, 1998). This article examines the quasi-qualification hypothesis and tests whether investors valued the introduction of Special Treatment (ST) status for firms in 1998. Our empirical analysis fails to find significant support for the quasi-qualification hypothesis. In contrast, it appears that the issuance of ST status was valued by investors; the issuance of ST status led investors to discriminate between firms.
Item Type: | Articles |
---|---|
Status: | Published |
Refereed: | Yes |
Glasgow Author(s) Enlighten ID: | Opong, Professor Kwaku |
Authors: | Pei, D., Hamill, P.A., and Opong, K.K. |
Subjects: | H Social Sciences > HF Commerce |
College/School: | College of Social Sciences > Adam Smith Business School > Accounting and Finance |
Journal Name: | Applied Economics Letters |
ISSN: | 1350-4851 |
ISSN (Online): | 1466-4291 |
Published Online: | 27 July 2009 |
University Staff: Request a correction | Enlighten Editors: Update this record