Anmerkungen:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments February 17, 2020 erstellt
Beschreibung:
In recent decades, the Chinese government has taken several measures to liberalize its stock market to attract foreign investment. In this survey, we describe these liberalization measures and review the research on their consequences. In analyzing this literature, we focus on two dimensions: (1) how liberalization impacts five corporate-level accounting and finance issues, namely corporate governance, information environment and financial disclosure, earnings quality, value relevance of accounting information, and auditing; and (2) how liberalization improves the Chinese stock market as a whole and affects asset pricing in this market. Based on the issues explored in the literature, we provide suggestions for future research in our concluding remarks