A5052991629- Corporate Finance and Governance
- Auditing, Earnings Management, Governance
- Corporate Taxation and Avoidance
- Financial Markets and Investment Strategies
- Banking stability, regulation, efficiency
- Photonic and Optical Devices
- Taxation and Compliance Studies
- Financial Reporting and Valuation Research
- Corporate Social Responsibility Reporting
- Political Influence and Corporate Strategies
- Vehicle Dynamics and Control Systems
- Fiscal Policy and Economic Growth
- Insurance and Financial Risk Management
- Urban and Freight Transport Logistics
- Photorefractive and Nonlinear Optics
- Private Equity and Venture Capital
- Gender Diversity and Inequality
- Islamic Finance and Banking Studies
- Mechanical Engineering and Vibrations Research
- Local Government Finance and Decentralization
- Electric and Hybrid Vehicle Technologies
- Vehicle emissions and performance
- Blockchain Technology Applications and Security
- Neural Networks and Reservoir Computing
- Organizational and Employee Performance
Wuhan National Laboratory for Optoelectronics
2024-2025
Huazhong University of Science and Technology
2024-2025
Hong Kong Polytechnic University
2008-2024
China Southern Power Grid (China)
2023-2024
Renmin University of China
2023
Academy of Mathematics and Systems Science
2022
Research Institute of Highway
2012-2021
Ministry of Transport
2012-2021
Sichuan Conservatory of Music
2020
University of Manchester
2011-2019
We examine the impact of managerial financial reporting incentives on accounting quality changes around International Financial Reporting Standards (IFRS) adoption. A novel feature our single-country setting based Germany is that voluntary IFRS adoption was allowed and common before became mandatory. exploit revealed preferences in choice to (not) adopt voluntarily determine whether management individual firms had IFRS. For comparability with previous studies, we assess through multiple...
We examine the impact of managerial financial reporting incentives on accounting quality changes around International Financial Reporting Standards (IFRS) adoption. A novel feature our single-country setting based Germany is that voluntary IFRS adoption was allowed and common before became mandatory. exploit revealed preferences in choice to (not) adopt voluntarily determine whether management individual firms had IFRS. For comparability with previous studies, we assess through multiple...
Abstract We find that firms with a larger proportion of short‐term debt have lower future stock price crash risk, consistent lenders playing an effective monitoring role in constraining managers’ bad‐news‐hoarding behaviour. The inverse relationship between short‐maturity and risk is more pronounced for are harder to monitor due weaker corporate governance, higher information asymmetry, greater risk‐taking. These findings suggest substitutes other mechanisms curbing managerial opportunism...
Abstract This study examines the relationship between government subsidies and income smoothing using a sample of US‐listed firms. We find that subsidized firms smooth their earnings more aggressively than unsubsidized peers. finding is consistent with reasoning bear higher political costs have incentives to avoid public attention. In addition, by pronounced when are granted through non‐tax‐related channels tax‐based channels, positive association stronger for under scrutiny less transparent...
We examine whether business groups' influence on cash holdings depends ownership. Group affiliation can increase firms' agency costs or benefit firms by providing an internal capital market, especially in transition economies characterized weak investor protection and difficult external acquisition. A hand-collected dataset of Chinese reveals that group decreases holdings, alleviating the free-cash-flow problem costs. State ownership control listed moderate this benefit, which is more...
Using a large sample of unlisted industrial firms in China, we find that decrease local governments’ land transfer revenues leads to lower tax avoidance by within their jurisdiction. Our cross-sectional variation tests suggest the tax-avoidance-reduction effect is stronger cities with higher finance dependence and government intervention, as well where political leaders have promotion incentives. However, moderated for politically connected firms. Further analysis reveals intensified...
ABSTRACT We investigate how the mandatory adoption of International Financial Reporting Standards (IFRS) by publicly listed firms in European Union affects peer private firms. find that firms’ capital investment decreases significantly after IFRS mandate, relative to public Private also display decreased when benchmarked against relatively insulated from impact but magnitude effect is smaller this case. These results are consistent with hypothesis reporting (combined other reforms), while...
Abstract Optical neural networks (ONNs) have emerged as high‐performance network accelerators, owing to its broad bandwidth and low power consumption. However, most current ONN architectures still struggle fully leverage their advantages in processing speed energy efficiency. Here, we demonstrate a large‐scale, ultra‐high‐speed, low‐power distributed parallel computing architecture, implemented on thin‐film lithium niobate platform. It can encode image information at modulation rate of 128...
Abstract Solar filaments are one of the most prominent features observed on Sun, and their evolutions closely related to various solar activities, such as flares coronal mass ejections. Real-time automated identification is effective approach managing large volumes data. Existing models filament characterized by parameter sizes high computational costs, which limit future applications in highly integrated intelligent ground-based space-borne observation devices. Consequently, design more...
This study examines the relationship between major customer concentration and supplier firms’ adoption of blockchain. Using a sample 9,745 Chinese firm-year observations spanning 2018–2021, we find that likelihood suppliers’ blockchain technology in supply chain management is negatively associated with concentration. The negative relation reduced when firms possess greater bargaining power demonstrate governance mechanisms against information leakage, customers have less incentive to engage...
Chiral edge states are a hallmark of topological physics, and the emergence synthetic dimensions has provided ideal platforms for investigating chiral topology while overcoming limitations real space. Conventional studies have primarily concentrated on symmetric behaviors, limited by complex inflexible systems. Here, we demonstrate programmable integrated photonic platform to generate manipulate reconfigurable in within single lithium niobate microring resonator. Our system is realized...