Suchergebnisse

Treballs Finals del Màster d'Economia, Facultat d'Economia i Empresa, Universitat de Barcelona, Curs: 2019-2020, Tutor: Germa Manel Bel Queralt ; Both the formal introduction of Big Four into China and the privatization of Chinese state-owned enterprises started in the 1990s, but few scholars have studied the relationship between them. Theoretically, Big Four can provide more accurate information about the company's value to the market through higher quality auditing services, which could reduce information asymmetry during the privatization process. On the other hand, Big Four could convey positive signals to the market by its own good reputation. Generally, SOEs that employ Big Four have better financial performance, which can boost the confidence of private investors. The paper will take A-share listed companies from 2005 to 2018 in China as the sample, select the enterprise ownership and state-owned shares proportion as the proxy variables to investigate whether Big Four has impacts on the privatization of Chinese SOEs. The principal hypothesis is that Big Four can significantly promote the privatization process of SOEs in China after controlling regional and time fixed effects. In addition, the longer the audit period of Big Four, the higher the probability of privatization and the lower the proportion of state-owned shares.

The Natural Bounty of China is an important book series of 60 titles that comprehensively documents the vast diversity of China's natural resources. China recognizes more than 1,600 products unique to the country - known as geographical indication products. This series describes these products in detail, with each single volume focusing on a particular region of China and the unique products cultivated there, such as Changbaishan ginseng in northeast China to the bean paste of Pixian (the "soul of Sichuan cuisine") in the southwest. From the Tianshan Mountains in Xinjiang to history-steeped Shandong and gorgeously scenic Yunnan, almost every place in the country has produced something that is readily identifiable with it. This series not only makes a major contribution to our understanding of the geography and agriculture of China, but also gives us a greater appreciation of Chinese culture as a whole. This volume looks at the abundant resources and products of Shanghai, the 'Pearl of the Orient'.