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Adoption of Anglo-American models of corporate governance and financial reporting in China

Contributor(s): Wu, Huiying [Editor] | Patel, Chris [Editor].
Series: Studies in Managerial and Financial Accounting; vol. 29. Publisher: UK Emerald Group Publishing Limited 2015Description: 246 p.ISBN: 9781783508976; 9781783508983.Subject(s): Accounting - China | Corporate governance - China | Financial statements - ChinaDDC classification: 657.0951 Online resources: E-Book 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 China's institutional setting. (http://www.emeraldinsight.com/doi/full/10.1108/S1479-351220150000029016)
List(s) this item appears in: Emerald e-Books | VR_VSL e-Book collection
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Electronic Resources Vikram Sarabhai Library
Electronic Resources
Non-fiction 657.0951 A2 (Browse shelf) Not for Issue ER000476

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 China's institutional setting.

(http://www.emeraldinsight.com/doi/full/10.1108/S1479-351220150000029016)

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