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This chapter examines China’s corporate governance and accounting environment that shapes the adoption of internationally acceptable principles and standards. Specifically, it…
Abstract
This chapter examines China’s corporate governance and accounting environment that shapes the adoption of internationally acceptable principles and standards. Specifically, it examines international influences, including supranational organizations; foreign investors and international accounting firms; domestic institutional influences, including the political system, economic system, legal system, and cultural system; and accounting infrastructure. China’s convergence is driven by desired efficiency of the corporate sector and legitimacy of participating in the global market. Influenced heavily by international forces in the context of globalization, corporate governance and accounting practices are increasingly becoming in line with internationally acceptable standards and codes. While convergence assists China in obtaining legitimacy, improving efficiency is likely to be adversely affected given that corporate governance and accounting in China operate in an environment that differs considerably from those of Anglo-American countries. An examination of the corporate governance and accounting environment in China suggests heavy government involvement within underdeveloped institutions. While the Chinese government has made impressive progress in developing the corporate governance and accounting environment for the market economy, China’s unique institutional setting is likely to affect how the imported concepts are interpreted and implemented.
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Meine Pieter van Dijk and Hao Li
The paper analyzes the adaptive behavior of farmers in the Yunnan province of China, where drought is occurring more frequently. We focus on the experiences with adaptation to…
Abstract
Purpose
The paper analyzes the adaptive behavior of farmers in the Yunnan province of China, where drought is occurring more frequently. We focus on the experiences with adaptation to climate change by farmers in the rural areas of China.
Methodology/approach
The research is based on a survey and a number of in-depth interviews of key stakeholders in a drought-stricken region.
Findings
Where the government is not always coming forward, the farmers take initiatives to adapt to the new situation of drought. Different mechanisms are being used, some linked to government policies and subsidies, other initiatives are initiated by the farmers themselves, individually or in small groups.
Research implications
More research on the livelihood strategies is necessary to better understand what these strategies mean for the household income and hence for the survival chances of poor households.
Practical implications
Climate change encourages local actors to play a role in drought adaptation, developing policies for mitigating the consequences of drought, trying to create water markets and involving local companies and water user associations. The research suggests stimulating the initiatives of the farmers and to create an enabling environment for them.
Social implications
Without government policies we will see growing inequalities in the rural areas of China.
Originality/value
We studied how in the case of drought farmers react to adapt to the new reality. Different adaptation strategies are distinguished and their relation to different government policies is established. We observed that farmers find their own solutions and create their own governance structures to assure for example supply of additional water to their fields.
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