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The current version of the Trans-Pacific Partnership (TPP), known as Comprehensive and Progressive Agreement for TPP (CPTPP) has opened itself to new membership. China formally applied to join the CPTPP Free Trade Agreement. With respect to China joining the CPTPP, some groups of researchers have argued that China’s accession would be a win-win situation for both China and CPTPP member countries. On the contrary, a group of researchers has argued that there would not be any significant gain to member countries of CPTPP. Analysis in this paper is restricted to examining the economic benefits to China by joining the CPTPP. The paper aims to make conjectures about what are the challenges China must face nationally and internationally to join CPTPP.

The methodology and the approach to do the empirical analysis concern using the stochastic frontier gravity model and the panel data covering the period 1995–2022 from the World Integrated Trade Solution developed by the World Bank.

The empirical results reveal that the CPTPP membership will facilitate China to improve its export efficiency in merchandise exports with the CPTPP member countries.

Though there are a few discussions on the accession of China to CPTPP, quantitative analysis of examining the impact of China joining the CPTPP on its export efficiency with the members of CPTPP has not been explicitly discussed in the literature. This study’s contribution is to fill this gap in the literature.

Financial misappropriation is a significant challenge to China’s innovation-driven growth model. This paper investigates the impact of regional-level financial misappropriation on innovation efficiency across 30 provinces and administrative municipalities in China.

The paper uses the Data Envelopment Analysis method to estimate the innovation efficiency at regional level, then, employs panel Tobit and indirect-transmission-channel models to analyze the direct and indirect impact of financial misappropriation on regional innovation efficiency in China.

The findings of the paper suggest that financial misappropriation significantly reduces regional innovation efficiency in China both directly and indirectly. Financial misappropriation hinders the transformation of scientific and technological achievements and, at the same time, it retards high-tech industrial development.

The research adopted the non-parametric approach over the parametric approach due to limitations of data availability. Both approaches have their own criticisms. However, the focus in this generates the efficiency scores that could be used for the analysis principal question of this research.

The results show if the innovation efficiency issues are not addressed at regional levels the national efficiency objecting may achieve suboptimal results.

The benefits of innovation may not flow on to regional economies creating social disparity.

This paper is the first of its nature empirically testing the direct and indirect effects of financial misappropriation on regional innovation efficiency in China by using regional financial corruption data of 30 Chinese provinces and administrative cities.

The China-plus-one strategy is an increasingly attractive supply chain risk management strategy and has been adopted by many multinational enterprises. However, relevant research remains limited and warrants empirical validation. This paper addresses this research gap by investigating the determinants of emerging multinational enterprises’ adoption of a China-plus-one strategy.

The China-plus-one adoption decision of 1,527 firms was predicted using a logistic model based on Taiwan’s official data – Investigation of Foreign Sales and Manufacturing, for the years 2020–2022. This database is administered by the Department of Statistics of the Ministry of Economic Affairs (DSMEA) in Taiwan. Analysis was conducted using SPSS 25.0.

It is suggested that customer pressure and supplier relocation, functioning as push forces, lead to the China-plus-one strategy adopted by Taiwanese firms. Regarding pull forces, lower production cost has a positive association with China-plus-one adoption, whereas sufficient local workforce supply does not have a significant effect. Finally, in terms of the mooring forces, local sales performance is negatively related to the strategy adoption, whereas local access to components shows a positive association with such strategy.

This research uniquely adopts the push–pull–mooring framework to examine factors affecting supply chain restructuring in international business, representing a novel domain for this framework.

The purpose of this paper is to measure the operational efficiency of China’s intellectual property public information service (IPPIS) platform, discuss the current problems of the operational efficiency of China’s IPPIS platform and put forward suggestions for improvement.

First, the paper chose 36 Chinese IPPIS platforms as the research object and established an assessment indicator system for the operational efficiency of IPPIS platforms that includes six input indicators and three output indicators. Second, the authors used Data Envelopment Analysis (DEA) method to calculate the operational efficiency of 36 Chinese IPPIS platforms. Finally, the authors analyze the problems that exist in the operational efficiency of China’s IPPIS platform and put forward suggestions for improvement.

Of the 36 platforms measured, only 9 are in DEA effective status, which means operating well. In addition, this study finds that the following problems exist in China’s IPPIS platforms: the overall operational efficiency is low, and there are large geographic differences; a small number of platforms have low scale efficiency; and half of the platforms have high input redundancy and output insufficiency in different indexes.

This paper aims to help the platform constructor to provide suggestions on the direction and extent of improvement. In addition, this study is expected to raise the attention of the management and practice departments of other external countries (especially developing countries) to the operational efficiency of IPPIS platforms and to provide experiences for other external countries to improve their platform construction.

First, we explored the dynamic relationship between the economic and financial cycles under a unified endogenous framework. There is less literature on the relationship between the financial cycle and the economic cycle endogenously under a unified framework. Our research helps to fill the gap in this area. Second, there is no conclusive evidence on whether the monetary policy framework should take the financial cycle into account. Our findings provide a clear answer and a useful reference for the practice of monetary policy in other countries.

We incorporate the financial cycle equation based on the traditional new Keynesian model to construct a new Keynesian four-equation model that includes financial factors and further explores the dynamic relationship between the economic cycle and the financial cycle under a unified endogenous framework. We choose the three-stage least squares (3SLS) method for the estimation of the model. Then we utilize a time-varying parameter vector autoregression (TVP-SV-VAR) model incorporating stochastic volatility to explore the mechanism of the dynamic association between the financial cycle and monetary policy in China.

First, we explored the relationship between the economic cycle and the financial cycle. The results show that the financial cycle has a significant positive impact on the economic cycle, but the economic cycle has a limited effect on the financial cycle. Then, we examine the linkage mechanism between China’s economic cycle, financial cycle and monetary policy. The results show that the response of China’s monetary policy to economic cycle shocks and financial cycle shocks is more significant. Moreover, monetary policy is giving higher and higher weight to the financial cycle.

First, we constructed a new Keynesian four-equation model incorporating financial factors to explore the dynamic relationship between the economic and financial cycles under a unified endogenous framework. There is less literature on the relationship between the financial cycle and the economic cycle endogenously under a unified framework. Our research helps to fill the gap in this area. Second, there is no conclusive evidence on whether the monetary policy framework should take the financial cycle into account. Our findings provide a clear answer and a useful reference for the practice of monetary policy in other countries.

This study empirically investigates the moderating effect of institutions (including formal institutions and informal institutions) on the relationship between FDI and regional technology-based entrepreneurship in China’s emerging economy.

By collecting data on technology-based entrepreneurship at the regional level in China, our final balanced panel comprises 81,926 technology start-ups in 29 provinces at the regional level from 2000 to 2014.

The results show that FDI is critical to encouraging technology-based start-ups. We also argue that the institutions positively moderate the relationship between FDI and regional technology-based entrepreneurship. This study supports the negative interaction effect of FDI and corruption on technology-based entrepreneurship in eastern regions, suggesting that corruption weakens FDI’s entrepreneurial enthusiasm.

This study contributes to the literature by highlighting the critical role of regional formal institutions in moderating the positive effects of FDI on technology-based entrepreneurship. This enriches the knowledge spillover theory of entrepreneurship and the OLI paradigm, offering a fresh perspective on this complex relationship. Additionally, it provides nuanced insights into how corruption, as an informal institution, interacts with FDI in different regional contexts.

This study aims to review and synthesize the burgeoning field of auditing research utilizing Chinese data. Over the past decades, there has been a remarkable rise in such research, driven by China’s abundant audit data, distinctive institutional features and enduring cultural influences. The purpose is to comprehensively review auditing studies featured in top-tier accounting journals, shedding light on the unique contributions made possible by Chinese data. By identifying key themes across domains, this paper aims to underscore the cultural and contextual disparities between China and Western countries, predominantly the USA, within the area of auditing.

This study presents a systematic review of China-themed auditing research, primarily published in seven leading global accounting journals. The researchers conducted a comprehensive search of the websites of these journals, identifying relevant articles using search terms such as “China auditing,” “Chinese Stock Market and Accounting Research (CSMAR),” “institutional environment,” and “internal control.” After the initial search, 54 relevant articles were selected and reviewed. The study covers all China-specific auditing research, categorizing key themes into six areas to explore how scholars use Chinese data to address important auditing questions.

The findings reveal a significant increase in auditing research utilizing Chinese data, prominently featured in top-tier academic journals. This study categorizes six central themes, highlighting the broad range of topics explored using Chinese audit data. More importantly, the research identifies substantial cultural and contextual differences between China and Western nations, particularly the USA, that influence the auditing profession and markets. Exploring these themes underscores the invaluable insights derived from Chinese data, shedding light on areas not previously addressed by studies relying solely on Western datasets.

The value of this study lies in its comprehensive examination of seminal auditing studies using Chinese data, making a distinctive contribution to the auditing literature. This paper highlights the inadequacies of Western datasets in addressing certain auditing questions and emphasizes the unique advantages offered by China’s extensive public audit data, institutional characteristics and cultural determinants. The identified gap in the literature underscores the unexplored opportunities for further research in the Chinese auditing context. This study, therefore, provides a roadmap for future scholars, encouraging the exploration of new avenues and fostering a deeper understanding of the cultural nuances influencing auditing practices in China.

This study proposes a new political science–based interpretation of the rise of China and focuses on the academic discussion regarding its root causes. This study aims to identify the historical, economic and sociological perspectives in the relevant literature by offering a political science perspective on the factors that enabled China’s rise, analyze and comment on the controversy surrounding Perry Anderson’s theoretical approach and contribute to the literature by focusing on political and social transformation.

By offering a political science perspective on the factors that enabled China’s rise, this study aims to identify the historic, economic and sociological perspectives in the relevant literature; analyze and comment on the controversy surrounding Perry Anderson’s theoretical approach; and contribute to the literature by focusing on political and social transformation.

First, revolution and reform together provided the conditions for China’s rise, by establishing a sovereign state and revitalizing the system, respectively. Second, China’s reform model has resulted in a combined and complex institutional structure that effectively integrates the market, the state and political parties in a party-state system. Third, during the rise of China, the market economy, local competition and the authority of political parties have been the source of vitality, the driving force and the stabilizer, respectively.

This paper offers a critique of the theoretical interpretations of scholars such as Perry Anderson regarding the root causes of the rise of China.

This study aims to examine competition between global professional service firms (GPSFs) and Chinese local audit firms (LAFs) over the past four decades, explaining the process and outcomes of this competition in relation to shifting economic policy priorities.

The authors analysed pertinent documents and media reports through the lens of strategic action field (SAF). The authors interpret the dynamics of the competition against the background of the shifting framing of Chinese economic policies.

The authors find that frame alignment with the state’s priorities in China enabled GPSFs and LAFs to secure stronger market positions relative to each other in different episodes of the Chinese policy landscape. The Chinese state’s marketisation reforms conditioned the outcome of the competition between GPSFs and LAFs. Initially, GPSFs gained access to the Chinese accounting field and achieved a strong market position by leveraging China’s “open-door” policy. This situation was reversed when China’s economic policy shifted to “going global” because Chinese LAFs pursued internationalisation framing thereby aligning with the state’s priority of internationalising the economy.

Using the lens of SAF, this study offers theorised insights into how transnational competition in the accounting field plays out in a non-Western state setting.