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Article
Publication date: 7 August 2017

Yi Wei, Jianguo Chen and Carolyn Wirth

This paper aims to investigate the links between accounting values in Chinese listed companies’ balance sheets and the exposure of their fraudulent activities.

Abstract

Purpose

This paper aims to investigate the links between accounting values in Chinese listed companies’ balance sheets and the exposure of their fraudulent activities.

Design/methodology/approach

Every balance sheet account is proposed to be a potential vehicle to manipulate financial statements.

Findings

Other receivables, inventories, prepaid expenses, employee benefits payables and long-term payables are important indicators of fraudulent financial statements. These results confirm that asset account manipulation is frequently carried out and cast doubt on earlier conclusions by researchers that inflation of liabilities is the most common source of financial statement manipulation.

Originality/value

Previous practices of solely scaling balance sheet values by assets are revealed to produce spurious relationships, while scaling by both assets and sales effectively detects fraudulent financial statements and provides a useful fraud prediction tool for Chinese auditors, regulators and investors.

Details

Pacific Accounting Review, vol. 29 no. 3
Type: Research Article
ISSN: 0114-0582

Keywords

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Book part
Publication date: 13 November 2014

Boqiong Yang and Jianguo Chen

Accompanying the development of economy, multinational enterprises (MNEs), as a role of promoting economic development, may also lead to environmental pollution of host…

Abstract

Accompanying the development of economy, multinational enterprises (MNEs), as a role of promoting economic development, may also lead to environmental pollution of host countries. China has become one of the most significant countries in terms of introducing foreign direct investment (FDI), along with which the pollution problem has become serious. Whether the MNEs affect the environment and whether the MNEs in China perform worse than local enterprises attracts more attention. To understand more about it, we creatively build a model of vertical product differentiation, and the result indicates that the environmental performance of MNEs is better than that of local enterprises.

Details

Globalization and the Environment of China
Type: Book
ISBN: 978-1-78441-179-4

Keywords

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Book part
Publication date: 13 November 2014

Boqiong Yang, Stephan Brosig and Jianguo Chen

We compare environmental impacts associated with incoming foreign direct investment versus domestic capital in China. We use aggregate data on Chinese provinces’ economic…

Abstract

We compare environmental impacts associated with incoming foreign direct investment versus domestic capital in China. We use aggregate data on Chinese provinces’ economic and pollution indicators to explore the effects of the financial origin of fixed capital. Our simultaneous models consider three prime channels through which these effects work: economic scale, sectoral composition, and pollution intensity. Results show that emissions associated with foreign financed capital are lower than with domestically financed capital for some but not all of the considered types of pollution.

Details

Globalization and the Environment of China
Type: Book
ISBN: 978-1-78441-179-4

Keywords

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Article
Publication date: 27 November 2007

Lianyu Fu, Jianguo Qu and Haibin Chen

To provide a clear picture of the current status of mechanical drilling of printed circuit boards (PCBs).

Abstract

Purpose

To provide a clear picture of the current status of mechanical drilling of printed circuit boards (PCBs).

Design/methodology/approach

A review paper detailing the developments of micro‐drill bit and PCB mechanical drilling techniques.

Findings

Mechanical drilling will still dominate the PCB hole processing methods. A design method on the basis of theoretical analysis, numerical simulation and experimental verifications is proved as an applicable way to improve the drill bit design efficiency. Newly developed tungsten carbide, novel coating techniques and high‐performance steel‐shank micro‐drill bits are expected. Solutions of micro‐drill bits for high‐density interconnection, IC substrate flexible PCBs, halogen and lead‐free assembly compatible PCBs, as well as 2 mm shank diameter drill bit are worthy of being concerned.

Originality/value

The paper highlights the state‐of‐the‐art techniques of micro‐drill bit manufacturing and novel developed micro‐drill bit. The development direction of micro‐drill bit in the future is concluded.

Details

Circuit World, vol. 33 no. 4
Type: Research Article
ISSN: 0305-6120

Keywords

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Article
Publication date: 10 July 2007

Jianguo Chen, Kwong Leong Kan and Hamish Anderson

The purpose of this paper is to investigate the risk factors for A‐shares listed on both Shenzhen and Shanghai Stock Exchange in China using variables from Akgun and Gibson.

Abstract

Purpose

The purpose of this paper is to investigate the risk factors for A‐shares listed on both Shenzhen and Shanghai Stock Exchange in China using variables from Akgun and Gibson.

Design/methodology/approach

The paper applies cross‐sectional regression on the orthogonal components by rearranging these risk variables into several principal components.

Findings

The results produced strong evidence that size and book‐to‐market (BM) ratio could be well explained by these alternative risk variables. Additionally, the alternative variables are better at explaining returns in terms of adjusted R‐squares.

Practical implications

The practical implication of the study is that investors can improve both their pricing of the investment risk and their management of the risk factors with the alternatives identified in the study.

Originality/value

The paper provides evidence in explaining the size and BM effects in China's stock markets.

Details

Managerial Finance, vol. 33 no. 8
Type: Research Article
ISSN: 0307-4358

Keywords

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Book part
Publication date: 23 December 2005

Jianguo Chen, Yang Zhang and Ben R. Marshall

This paper focuses on the impact of country and sector effects in Asia Pacific equity market returns. Our study concludes that Asia Pacific market returns are mainly…

Abstract

This paper focuses on the impact of country and sector effects in Asia Pacific equity market returns. Our study concludes that Asia Pacific market returns are mainly driven by country effects. Accordingly, country diversification is the most useful tool for managing portfolio risk. Recent evidence from developed markets indicates that country effect is no longer dominant and that sector exposure is of increasing significance in managing portfolio risk. We observed the same phenomenon; the difference is that it happened after the crisis period, not during the period as observed in the previous study.

Details

Asia Pacific Financial Markets in Comparative Perspective: Issues and Implications for the 21st Century
Type: Book
ISBN: 978-0-76231-258-0

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Article
Publication date: 7 June 2013

Jianguo Fang and Huiwu Guo

Firm growth in industry clusters is a complex issue. On the one hand, industrial clusters can promote firm growth. On the other hand, they can restrict the growth of a…

Abstract

Purpose

Firm growth in industry clusters is a complex issue. On the one hand, industrial clusters can promote firm growth. On the other hand, they can restrict the growth of a firm in some aspects. Their various effects have to be analyzed in detail. The purpose of this paper is to examine these effects and the law of enterprise growth in electronic information industry clusters of China.

Design/methodology/approach

This paper makes use of the panel data of the Chinese manufacturing industry with the intention of testing Gibrat's law. It carries out an empirical analysis on the influence of Chinese electronic information industry clusters on firm growth.

Findings

The result of the present research indicates that industry clusters definitely have a positive impact on firm growth, profit and longevity. However, in regard to the firms' data of China 2006 to 2007, the electronic information industry clusters have negative effects on scale of business growth of small and medium‐sized companies but not big companies. Moreover, the innovation of companies inside a cluster could not catch up with that of companies outside the cluster.

Originality/value

For the electronic information enterprises, growth rate is positively correlated with the enterprise age. Gibrat's law is tenable, that is, firm growth mainly depends on firm age. In Chinese electronic information industry clusters, R&D has only a weak influence on enterprise growth. In contrast, the economic soundness of the region where the electronic information industry clusters are located is more beneficial to the growth of enterprises in the cluster.

Content available
Article
Publication date: 7 August 2017

Jing Liao and Jing Chi

Abstract

Details

Pacific Accounting Review, vol. 29 no. 3
Type: Research Article
ISSN: 0114-0582

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Book part
Publication date: 23 December 2005

Abstract

Details

Asia Pacific Financial Markets in Comparative Perspective: Issues and Implications for the 21st Century
Type: Book
ISBN: 978-0-76231-258-0

To view the access options for this content please click here
Book part
Publication date: 13 November 2014

Abstract

Details

Globalization and the Environment of China
Type: Book
ISBN: 978-1-78441-179-4

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