ORCID Profile
0000-0002-6432-2688
Current Organisations
Edith Cowan University
,
Southwestern University of Finance and Economics
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Publisher: Wiley
Date: 26-06-2019
DOI: 10.1111/IJAU.12163
Publisher: Wiley
Date: 05-06-2020
DOI: 10.1111/IJAU.12197
Publisher: Emerald
Date: 18-07-2023
Abstract: The purpose of this paper is to examine the impact of directors’ and officers’ liability insurance (D& O insurance hereafter) on corporate governance and firm performance, with a specific focus on investment efficiency. Using a s le of Chinese A-share listed firms from the period 2007 to 2020, this study uses Ordinary Least Squares regressions to investigate the research questions, as well as moderating and mediating effects. Additionally, alternative measures of investment efficiency are used, and the Heckman two-stage model and propensity score matching model are used to demonstrate the consistency of the findings and to mitigate the risk of endogeneity. The findings of this study suggest that purchasing D& O insurance has a detrimental impact on corporate investment efficiency, particularly in the context of over-investment activities robust internal governance mechanisms, exemplified by a higher shareholding ratio of the top shareholder and enhanced internal control quality, alleviate this negative effect and financing constraints act as a mediating factor in the association between D& O insurance and investment efficiency. Corporate investment efficiency is of significant importance for both national macroeconomic growth and micro-enterprise development. Notably, the prevalence of D& O insurance among Chinese firms is progressively increasing, thus exerting a growing influence. This study contributes to the existing literature on D& O insurance and corporate investment efficiency, providing valuable insights into the economic impact of D& O insurance on Chinese firms. The empirical evidence presented herein facilitates future reforms and adjustments.
Publisher: Wiley
Date: 30-10-2018
DOI: 10.1111/IJAU.12144
Publisher: Wiley
Date: 10-08-2021
DOI: 10.1111/IJAU.12244
Abstract: We review the empirical literature on the determinants and consequences of auditor‐provided tax services (APTS) and provide some directions for future research. We first summarise two theoretical but competing perspectives on APTS provision, namely, the knowledge spillover effect and the impaired independence effect. We then review the evolution of APTS‐related disclosures and regulations in selected jurisdictions. Our review of the determinants of APTS suggests that such decisions are related to the cost–benefit trade‐off. We then review the literature on the consequences of APTS. This strand of the literature in the United States supports the knowledge spillover effect, but the findings in non‐US settings are mixed. The market perceptions of APTS in both the US and non‐US settings suggest that market participants react to APTS negatively during uncertain periods, whereas nonarchival studies suggest that the perceptions of APTS vary between stakeholder groups and with the types of APTS provided.
Publisher: Emerald
Date: 21-03-2023
Abstract: This study aims to examine the impact of different levels of required book-tax conformity (BTC) on audit clients' demand for auditor-provided tax services (APTS). In addition, the authors also investigate the effects of the European Union (EU) Regulation (2014). This study utilizes a s le of listed companies from 10 EU countries between 2010 and 2019. The final s le consists of 16,049 firm-year observations from 2,515 unique firms, and the authors use both probit and ordinary least square (OLS) regression models in this study. The main finding of this paper is that companies listed in countries with a higher level of BTC are less likely to purchase tax services from incumbent auditors and pay fewer auditor-provided tax service fees. Results from further analyses confirm that firms substantially reduced their purchase of APTS after the EU Regulation (2014) was implemented, but these reduced purchases were found to be more pronounced for firms located in countries with low BTC. This study advances the understanding of the determinants of APTS and the consequences of BTC. Specifically, the authors report that variation in a country-specific feature (i.e. BTC) also affects firms' decision to purchase APTS. Moreover, this paper provides some preliminary evidence of the new regulation and contributes to the literature on APTS regulation. The findings of this study have important policy implications for regulators and are also relevant for various capital market participants.
Publisher: Wiley
Date: 19-02-2020
DOI: 10.1111/IRFI.12302
Abstract: We examine the association between financial constraints and workforce environment. Using data from 43 countries for the period 2002–2017, we find that financially constrained firms tend to have poor workforce environments. In addition, we investigate the impact of country‐level employment protection legislation (EPL) on this association. It is evident from our results that the investment decisions of firms under financial constraints are conditional on the strictness of EPL. Our findings provide important practical implications for international policy makers, in particular, about the significance of EPL for workforce environments. Our study also contributes to the scant literature on the determinants of workforce environment and provides robust international evidence on the detrimental effects of financial constraints on workforce environments.
Publisher: Elsevier BV
Date: 04-2020
No related grants have been discovered for Xuan Sun.