The economic effects of mandated ICFR disclosure in China: an insider perspective

IF 1.4 4区经济学 Q3 BUSINESS, FINANCE

Asia-Pacific Journal of Accounting & Economics Pub Date : 2021-12-27 DOI:10.1080/16081625.2021.2020666

Jian Cao, B. Lin, Gennaro Bernile, Wei Shu

引用次数: 0

Abstract

ABSTRACT Using a survey of corporate insiders from 1,148 Chinese listed firms, this paper examines the direct effects of compliance with mandated Internal Control over Financial Reporting (ICFR) disclosure. In contrast with their U.S. counterparts, vast majorities of respondents recognize compliance benefits and perceive these benefits to outweigh the costs. However, the degree to which the firm is susceptible to market forces is a major determinant of the effects of compliance. The paper shows the evidence which supports the idea that the effectiveness of mandated ICFR disclosure depends crucially on the broader market and institutional environment in which firms operate.

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强制性ICFR披露在中国的经济影响:一个内部人士的视角

摘要本文通过对1148家中国上市公司内部人员的调查，探讨了遵守强制性内部控制对财务报告披露的直接影响。与美国同行相比，绝大多数受访者认识到合规的好处，并认为这些好处超过了成本。然而，公司受市场力量影响的程度是合规效果的主要决定因素。本文展示了支持以下观点的证据，即强制性ICFR披露的有效性在很大程度上取决于公司运营的更广泛的市场和制度环境。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Asia-Pacific Journal of Accounting & Economics Multiple-

CiteScore

2.40

自引率

9.10%

发文量

期刊介绍： The Asia-Pacific Journal of Accounting & Economics (APJAE) is an international forum intended for theoretical and empirical research in all areas of economics and accounting in general. In particular, the journal encourages submissions in the following areas: Auditing, financial reporting, earnings management, financial analysts, the role of accounting information, international trade and finance, industrial organization, strategic behavior, market structure, financial contracts, corporate governance, capital markets, and financial institutions. The journal welcomes contributions related to the Asia Pacific region, and targets top quality research from scholars with diverse regional interests. The editors encourage submission of high quality manuscripts with innovative ideas. The editorial team is committed to an expedient review process.