ORCID Profile
0000-0002-5564-3412
Current Organisation
RMIT University
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Publisher: Wiley
Date: 30-03-2021
DOI: 10.1111/ACFI.12748
Abstract: This paper investigates the relationship between audit fees and MD& A readability in China. We find that audit fees generally are higher when MD& A readability is lower. However, we find Big4 auditors and industry specialist auditors do not increase audit fees when MD& As are less readable while the other auditors do. We also find that it is the content unique to the reporting firm, rather than standard industry and market content in a MD& A that affects auditor fees. Our results also support that audit risk and audit efforts are two channels through which MD& A readability affects audit fees.
Publisher: Elsevier BV
Date: 02-2016
Publisher: Wiley
Date: 26-06-2017
DOI: 10.1111/ACFI.12151
Publisher: Emerald
Date: 27-09-2021
DOI: 10.1108/IJHMA-07-2021-0082
Abstract: The purpose of this paper is on developing and implementing a model which provides a fuller and more comprehensive reflection of the interaction of house prices at the suburb level. The authors examine how changes in housing prices evolve across space within the suburban context. In doing so, the authors developed a model which allows for suburbs to be connected both because of their geographic proximity but also by non-spatial factors, such as similarities in socioeconomic or demographic characteristics. This approach is applied to modelling home price dynamics in Melbourne, Australia, from 2007 to 2018. The authors found that including both spatial and non-spatial linkages between suburbs provides a better representation of the data. It also provides new insights into the way spatial shocks are transmitted around the city and how suburban housing markets are clustered. The authors have generalized the widely used SAR model and advocated building a spatial weights matrix that allows for both geographic and socioeconomic linkages between suburbs within the HOSAR framework. As the authors outlined, such a model can be easily estimated using maximum likelihood. The benefits of such a model are that it yields an improved fit to the data and more accurate spatial spill-over estimates.
Publisher: Wiley
Date: 26-06-2017
DOI: 10.1111/ACFI.12152
Publisher: Wiley
Date: 17-10-2016
DOI: 10.1111/ACFI.12245
Publisher: Elsevier BV
Date: 06-2017
Publisher: Wiley
Date: 02-2018
DOI: 10.1111/ACFI.12321
Publisher: Springer Science and Business Media LLC
Date: 12-03-2022
Publisher: Wiley
Date: 10-04-2017
DOI: 10.1111/ABAC.12107
Publisher: SAGE Publications
Date: 24-09-2015
Abstract: This paper studies the determinants behind Chinese companies’ decisions to make seasoned equity offerings (SEO). Probit regressions are employed and a Monte Carlo simulation method is used to confirm the non-existence of the spurious correlation problem found in traditional models of capital structure. Evidence is found to confirm the privilege of state-controlled enterprises to access equity. A corporate governance indicator based on the completion of the Split Share Structure Reform is also introduced. However, no evidence to support the importance of corporate governance is found. The results of this study imply that in a country where the state dominates the intermediation of capital, investors and thus companies are less sensitive to the quality of corporate governance. Different factors have been observed to affect Chinese firms’ SEO decisions prior to and post the Split Share Structure Reform. The influence from the state has also been weakened after the reform, particularly after the global financial crisis.
No related grants have been discovered for Xiaoyan Chen.