Leng Jing
- Published in print:
- 2009
- Published Online:
- September 2011
- ISBN:
- 9789622099319
- eISBN:
- 9789882206786
- Item type:
- chapter
- Publisher:
- Hong Kong University Press
- DOI:
- 10.5790/hongkong/9789622099319.003.0006
- Subject:
- Economics and Finance, South and East Asia
The reform experienced by the “big four” (China's state-owned commercial banks) was aimed at addressing the problem of state ownership and its associated costs. China' SOE reform was fundamentally ...
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The reform experienced by the “big four” (China's state-owned commercial banks) was aimed at addressing the problem of state ownership and its associated costs. China' SOE reform was fundamentally affected by the success or failure of the “big four” given that there were banking sector reforms, foreign exchange reserve injections, shareholder restructuring, and reform on corporate governance. Also, as China's private enterprises have yet to gain equal access to state bank credit, the banking reform also affected private enterprises. This chapter considers globalization and the shift to a market economy by looking into the corporate governance reform experienced by the “big four”. Focus is drawn particularly to issues concerned with the disposal of non-performing loans (NPL) and the big four's preparation for overseas listing.Less
The reform experienced by the “big four” (China's state-owned commercial banks) was aimed at addressing the problem of state ownership and its associated costs. China' SOE reform was fundamentally affected by the success or failure of the “big four” given that there were banking sector reforms, foreign exchange reserve injections, shareholder restructuring, and reform on corporate governance. Also, as China's private enterprises have yet to gain equal access to state bank credit, the banking reform also affected private enterprises. This chapter considers globalization and the shift to a market economy by looking into the corporate governance reform experienced by the “big four”. Focus is drawn particularly to issues concerned with the disposal of non-performing loans (NPL) and the big four's preparation for overseas listing.
Matthew Gill
- Published in print:
- 2009
- Published Online:
- September 2009
- ISBN:
- 9780199547142
- eISBN:
- 9780191720017
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199547142.003.0001
- Subject:
- Business and Management, Corporate Governance and Accountability, Finance, Accounting, and Banking
Accountancy tends to capture the public imagination only when something goes spectacularly wrong. This chapter illustrates how such spectacles, rather than being isolated incidents, can be understood ...
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Accountancy tends to capture the public imagination only when something goes spectacularly wrong. This chapter illustrates how such spectacles, rather than being isolated incidents, can be understood as extreme manifestations of some aspects of everyday accounting practice. It introduces the problems of trust, truthfulness, factuality, and ethics that motivate subsequent chapters, and also offers a vivid description of the social world inhabited by chartered accountants working in large firms.Less
Accountancy tends to capture the public imagination only when something goes spectacularly wrong. This chapter illustrates how such spectacles, rather than being isolated incidents, can be understood as extreme manifestations of some aspects of everyday accounting practice. It introduces the problems of trust, truthfulness, factuality, and ethics that motivate subsequent chapters, and also offers a vivid description of the social world inhabited by chartered accountants working in large firms.
Karthik Ramanna
- Published in print:
- 2015
- Published Online:
- May 2016
- ISBN:
- 9780226210742
- eISBN:
- 9780226210889
- Item type:
- chapter
- Publisher:
- University of Chicago Press
- DOI:
- 10.7208/chicago/9780226210889.003.0004
- Subject:
- Economics and Finance, Financial Economics
This chapter provides evidence on the role of auditors in accounting rulemaking – particularly the Big Four audit firms that dominate the industry. These large audit firms are among the few players ...
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This chapter provides evidence on the role of auditors in accounting rulemaking – particularly the Big Four audit firms that dominate the industry. These large audit firms are among the few players that could provide broad stewardship of public interests in accounting rulemaking. But the evidence suggests that they are instead focused on their own interests. In their lobbying on accounting rules, the auditors have sought to protect their wealth and income from political and legal scrutiny. Prevailing standards of litigation and regulatory enforcement are key explanatory variables for the nature of auditor lobbying in accounting rulemaking. One likely consequence is the increasing incidence of accounting rules that are “check-the-box” or compliance-based – a phenomenon identified by the Securities & Exchange Commission as a major source for concern in U.S. capital markets.Less
This chapter provides evidence on the role of auditors in accounting rulemaking – particularly the Big Four audit firms that dominate the industry. These large audit firms are among the few players that could provide broad stewardship of public interests in accounting rulemaking. But the evidence suggests that they are instead focused on their own interests. In their lobbying on accounting rules, the auditors have sought to protect their wealth and income from political and legal scrutiny. Prevailing standards of litigation and regulatory enforcement are key explanatory variables for the nature of auditor lobbying in accounting rulemaking. One likely consequence is the increasing incidence of accounting rules that are “check-the-box” or compliance-based – a phenomenon identified by the Securities & Exchange Commission as a major source for concern in U.S. capital markets.
Hiroyuki Odagiri and Akira Goto
- Published in print:
- 1996
- Published Online:
- October 2011
- ISBN:
- 9780198288022
- eISBN:
- 9780191684555
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780198288022.003.0005
- Subject:
- Economics and Finance, South and East Asia
This chapter discusses the reforms made during the post-war era in Japan. Most of these reforms were undertaken by the General Headquarters (GHQ) of the Allied Power and was referred to as ‘Economic ...
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This chapter discusses the reforms made during the post-war era in Japan. Most of these reforms were undertaken by the General Headquarters (GHQ) of the Allied Power and was referred to as ‘Economic Democratization Policy’. One of the major goals of GHQ was to reduce the concentration of economic power. It ordered the dissolution of zaibatsu. About 1,575 executives from more than 400 companies were prohibited from taking managerial positions.Less
This chapter discusses the reforms made during the post-war era in Japan. Most of these reforms were undertaken by the General Headquarters (GHQ) of the Allied Power and was referred to as ‘Economic Democratization Policy’. One of the major goals of GHQ was to reduce the concentration of economic power. It ordered the dissolution of zaibatsu. About 1,575 executives from more than 400 companies were prohibited from taking managerial positions.
J. Samuel Walker
- Published in print:
- 2011
- Published Online:
- July 2014
- ISBN:
- 9780807835036
- eISBN:
- 9781469602578
- Item type:
- chapter
- Publisher:
- University of North Carolina Press
- DOI:
- 10.5149/9780807869123_walker.7
- Subject:
- History, American History: 20th Century
This chapter discusses the Dixie Classic, which grew out of a conversation between Case and Dick Herbert of the Raleigh News and Observer in 1949. When Case complained about the hardships of ...
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This chapter discusses the Dixie Classic, which grew out of a conversation between Case and Dick Herbert of the Raleigh News and Observer in 1949. When Case complained about the hardships of traveling to out-of-town holiday tournaments, Herbert suggested that NC State hold its own tournament in its new William Neal Reynolds Coliseum, which seated 12,400 fans. By inviting top teams from other sections to compete against the Big Four, the tournament could not only heighten interest in the Raleigh area in the local rivalries but also earn greater respect in the national press for basketball in North Carolina. Case immediately realized that the tournament could offer major benefits in winning recognition and making money for his program. He also liked the name of “Dixie Classic” that his assistant coach, George “Butter” Anderson, proposed.Less
This chapter discusses the Dixie Classic, which grew out of a conversation between Case and Dick Herbert of the Raleigh News and Observer in 1949. When Case complained about the hardships of traveling to out-of-town holiday tournaments, Herbert suggested that NC State hold its own tournament in its new William Neal Reynolds Coliseum, which seated 12,400 fans. By inviting top teams from other sections to compete against the Big Four, the tournament could not only heighten interest in the Raleigh area in the local rivalries but also earn greater respect in the national press for basketball in North Carolina. Case immediately realized that the tournament could offer major benefits in winning recognition and making money for his program. He also liked the name of “Dixie Classic” that his assistant coach, George “Butter” Anderson, proposed.
Sara Rachel Chant, Frank Hindriks, and Gerhard Preyer
- Published in print:
- 2014
- Published Online:
- April 2014
- ISBN:
- 9780199936502
- eISBN:
- 9780199362530
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199936502.003.0001
- Subject:
- Philosophy, Philosophy of Mind
In the past two or three decades it has become increasingly popular to analyze collective actions in terms of collective intentions. This volume brings together chapters which address issues such as ...
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In the past two or three decades it has become increasingly popular to analyze collective actions in terms of collective intentions. This volume brings together chapters which address issues such as how individuals succeed in maintaining coordination throughout the performance of a collective action, whether groups can actually believe propositions or whether they merely accept them, and what kind of evidence, if any, disciplines such as cognitive science and semantics provide in support of irreducibly collective states. A number of chapters explore the interplay between individual and collective rationality in order to shed new light on the alleged discontinuities between these levels. They make abundantly clear that it is no longer an option simply to juxtapose analyses of individual and collective level phenomena and maintain that there is some discrepancy.Less
In the past two or three decades it has become increasingly popular to analyze collective actions in terms of collective intentions. This volume brings together chapters which address issues such as how individuals succeed in maintaining coordination throughout the performance of a collective action, whether groups can actually believe propositions or whether they merely accept them, and what kind of evidence, if any, disciplines such as cognitive science and semantics provide in support of irreducibly collective states. A number of chapters explore the interplay between individual and collective rationality in order to shed new light on the alleged discontinuities between these levels. They make abundantly clear that it is no longer an option simply to juxtapose analyses of individual and collective level phenomena and maintain that there is some discrepancy.
