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Quality of Financial Reporting in China
2009
Social Science Research Network
This study uses restatements to reveal the low quality of past accounting information reported within China's capital market. We show that up to a quarter of listed firms in Mainland China explicitly admitted the low quality of financial information by restating their previous financial reports between 1999 and 2005. Many of these firms manage their earnings mainly via below-the-line items to avoid losses and promote survival, rather than to support refinancing goals. Such low quality of
doi:10.2139/ssrn.1653278
fatcat:tghaq5db7vd5rfcb7d6srem7eu