메뉴 건너뛰기




Volumn 24, Issue 6, 2005, Pages 451-488

Is China's securities regulatory agency a toothless tiger? Evidence from enforcement actions

Author keywords

Abnormal returns; China; Economic consequences; Regulatory enforcement

Indexed keywords


EID: 29644436027     PISSN: 02784254     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jaccpubpol.2005.10.002     Document Type: Article
Times cited : (207)

References (32)
  • 1
    • 26844553833 scopus 로고    scopus 로고
    • Taking stock in China: Company disclosure and information in China's stock markets
    • D.M. Anderson Taking stock in China: Company disclosure and information in China's stock markets Georgetown Law Journal 88 2000 1919-1952
    • (2000) Georgetown Law Journal , vol.88 , pp. 1919-1952
    • Anderson, D.M.1
  • 2
    • 0033236338 scopus 로고    scopus 로고
    • Incentives and penalties related to earnings overstatements that violate GAAP
    • M.D. Beneish Incentives and penalties related to earnings overstatements that violate GAAP The Accounting Review 74 1999 425-457
    • (1999) The Accounting Review , vol.74 , pp. 425-457
    • Beneish, M.D.1
  • 4
    • 1942462679 scopus 로고    scopus 로고
    • The future of China's capital markets and the role of corporate governance
    • Speech Given at the China Business Summit, Beijing
    • Cha, L., 2001. The future of China's capital markets and the role of corporate governance. Speech Given at the China Business Summit, Beijing.
    • (2001)
    • Cha, L.1
  • 5
    • 29644441968 scopus 로고    scopus 로고
    • Audit firm mergers, quasi rents, and auditor independence: Evidence from China's audit market
    • Working paper, Lingnan University
    • Chan, K.H., Wu, D., 2004. Audit firm mergers, quasi rents, and auditor independence: Evidence from China's audit market. Working paper, Lingnan University.
    • (2004)
    • Chan, K.H.1    Wu, D.2
  • 6
    • 84919546294 scopus 로고    scopus 로고
    • Have China's enterprize reforms led to improved efficiency and profitability?
    • in press
    • Chen, G.M., Firth, M., Rui, O.M., 2005. Have China's enterprize reforms led to improved efficiency and profitability? Emerging Markets Review, in press.
    • (2005) Emerging Markets Review
    • Chen, G.M.1    Firth, M.2    Rui, O.M.3
  • 7
    • 29644432334 scopus 로고    scopus 로고
    • CLSA Beijing, China: Credit Lyonnais Securities Asia
    • CLSA Corporate Governance Watch 2002 Credit Lyonnais Securities Asia Beijing, China
    • (2002) Corporate Governance Watch
  • 8
    • 2442439827 scopus 로고    scopus 로고
    • Investor protection and corporate governance: Evidence from worldwide CEO turnover
    • M.L. DeFond M. Hung Investor protection and corporate governance: Evidence from worldwide CEO turnover Journal of Accounting Research 42 2004 269-312
    • (2004) Journal of Accounting Research , vol.42 , pp. 269-312
    • DeFond, M.L.1    Hung, M.2
  • 9
    • 0033473614 scopus 로고    scopus 로고
    • The impact of improved auditor independence on audit market concentration in China
    • M.L. DeFond T.J. Wong S. Li The impact of improved auditor independence on audit market concentration in China Journal of Accounting and Economics 28 2000 269-305
    • (2000) Journal of Accounting and Economics , vol.28 , pp. 269-305
    • DeFond, M.L.1    Wong, T.J.2    Li, S.3
  • 10
    • 29644434008 scopus 로고    scopus 로고
    • Weakness in market designation is the source of violation of listed firms
    • September 26 (in Chinese)
    • H.X. Deng Weakness in market designation is the source of violation of listed firms China Operation Weekly September 26 2001 (in Chinese)
    • (2001) China Operation Weekly
    • Deng, H.X.1
  • 11
    • 29644434173 scopus 로고    scopus 로고
    • An empirical research on capital market efficiency for the Shenzhen stock exchange
    • (in Chinese)
    • L. Fan Z. Zhang An empirical research on capital market efficiency for the Shenzhen stock exchange Journal of Industrial Engineering 12 1998 35-38 (in Chinese)
    • (1998) Journal of Industrial Engineering , vol.12 , pp. 35-38
    • Fan, L.1    Zhang, Z.2
  • 12
    • 0001746484 scopus 로고
    • The financial and market effects of the SEC's accounting and auditing enforcement releases
    • E.H. Feroz K. Park V.S. Pastena The financial and market effects of the SEC's accounting and auditing enforcement releases Journal of Accounting Research 29 Suppl. 1991 107-142
    • (1991) Journal of Accounting Research , vol.29 , Issue.SUPPL. , pp. 107-142
    • Feroz, E.H.1    Park, K.2    Pastena, V.S.3
  • 13
    • 84987505847 scopus 로고
    • The effects of SEC-ordered suspensions on returns, volatility, and trading volume
    • S. Ferris R. Kumar A.G. Wolfe The effects of SEC-ordered suspensions on returns, volatility, and trading volume The Financial Review 27 1992 1-34
    • (1992) The Financial Review , vol.27 , pp. 1-34
    • Ferris, S.1    Kumar, R.2    Wolfe, A.G.3
  • 14
    • 0000201320 scopus 로고
    • Auditor reputation: The impact of critical reports issued by government inspectors
    • M. Firth Auditor reputation: The impact of critical reports issued by government inspectors Rand Journal of Economics 21 1990 374-387
    • (1990) Rand Journal of Economics , vol.21 , pp. 374-387
    • Firth, M.1
  • 15
    • 29644444170 scopus 로고    scopus 로고
    • Firm performance, governance structure, and top management turnover in a transitional economy
    • in press
    • Firth, M., Fung, P., Rui, O., 2005. Firm performance, governance structure, and top management turnover in a transitional economy. Journal of Management Studies, in press.
    • (2005) Journal of Management Studies
    • Firth, M.1    Fung, P.2    Rui, O.3
  • 17
    • 29644432162 scopus 로고    scopus 로고
    • A study on weak-form market efficiency on the Chinese stock market
    • (in Chinese)
    • Z. Hu A study on weak-form market efficiency on the Chinese stock market Investment Research 1 1998 27-34 (in Chinese)
    • (1998) Investment Research , vol.1 , pp. 27-34
    • Hu, Z.1
  • 20
    • 29644436073 scopus 로고
    • Misinformation and regulatory actions in the Canadian capital markets: Some empirical evidence
    • L. Kryzanowski Misinformation and regulatory actions in the Canadian capital markets: Some empirical evidence Bell Journal of Economics 9 1978 355-368
    • (1978) Bell Journal of Economics , vol.9 , pp. 355-368
    • Kryzanowski, L.1
  • 23
    • 29644447509 scopus 로고    scopus 로고
    • A study of penalties to information disclosure violation
    • April 9 (in Chinese)
    • Mao, Z.R., 2002. A study of penalties to information disclosure violation. Shenzhen Stock Exchange Research Report 0054, April 9 (in Chinese).
    • (2002) Shenzhen Stock Exchange Research Report 0054
    • Mao, Z.R.1
  • 24
    • 0039053862 scopus 로고
    • Stock price responses to the SEC's enforcement actions
    • M.N. Nourayi Stock price responses to the SEC's enforcement actions Journal of Accounting and Public Policy 13 1994 333-347
    • (1994) Journal of Accounting and Public Policy , vol.13 , pp. 333-347
    • Nourayi, M.N.1
  • 25
    • 0003932479 scopus 로고
    • Reducing the incidence of fraudulent financial reporting: The role of the Securities and Exchange Commission
    • SEC and Financial Reporting Institute of the University of Southern California
    • Pincus, K., Holder, W.H., Mock, T.J., 1988. Reducing the incidence of fraudulent financial reporting: The role of the Securities and Exchange Commission. SEC and Financial Reporting Institute of the University of Southern California.
    • (1988)
    • Pincus, K.1    Holder, W.H.2    Mock, T.J.3
  • 26
    • 0345917104 scopus 로고    scopus 로고
    • Corporate governance with Chinese characteristics
    • S. Shi D. Weisert Corporate governance with Chinese characteristics The China Business Review 29 2002 40-44
    • (2002) The China Business Review , vol.29 , pp. 40-44
    • Shi, S.1    Weisert, D.2
  • 28
    • 0010890458 scopus 로고
    • An investigation of the information content of foreign sensitive payment disclosures
    • D.B. Smith H. Stettler W. Beedles An investigation of the information content of foreign sensitive payment disclosures Journal of Accounting and Economics 6 1984 153-162
    • (1984) Journal of Accounting and Economics , vol.6 , pp. 153-162
    • Smith, D.B.1    Stettler, H.2    Beedles, W.3
  • 29
    • 29644443144 scopus 로고    scopus 로고
    • Weakness and risk prevention in the Chinese securities market system
    • Website of China Securities Association. Available from July 5 (in Chinese)
    • Wan, C.L., Chu, C.Z., 2002. Weakness and risk prevention in the Chinese securities market system. Website of China Securities Association. Available from: , July 5 (in Chinese).
    • (2002)
    • Wan, C.L.1    Chu, C.Z.2
  • 30
    • 29644438895 scopus 로고    scopus 로고
    • Empirical analysis on the Shanghai stock market efficiency
    • (in Chinese)
    • H. Wei L. Fan Empirical analysis on the Shanghai stock market efficiency Forecast 4 2000 10-24 (in Chinese)
    • (2000) Forecast , vol.4 , pp. 10-24
    • Wei, H.1    Fan, L.2
  • 31
    • 0041722271 scopus 로고    scopus 로고
    • Market reactions to the Hong Kong trading suspensions: Mandatory versus voluntary
    • L.F. Wu Market reactions to the Hong Kong trading suspensions: Mandatory versus voluntary Journal of Business Finance and Accounting 25 1998 419-437
    • (1998) Journal of Business Finance and Accounting , vol.25 , pp. 419-437
    • Wu, L.F.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.