Content of Modem Accounting in our journal

Published in last 1 year |  In last 2 years |  In last 3 years |  All Please wait a minute... For Selected: Download Citations EndNote Ris BibTeX Toggle Thumbnails Select An Analysis of the Hierarchical Structure and Path of the CPA Serving Shareholders' Right to Know Their Financial Affairs TANG Yuan-yuan, WANG Hong Contemporary Finance & Economics    2022, 0 (9): 124-135.   Abstract （143）            Knowledge map    Save The right to know their financial affairs is the core of shareholders' right to know, however, the existing company law and its judicial interpretation cannot provide clear “empowerment” rule and sufficient “enabling” conditions to the shareholders, so that they cannot realize their right to know their financial affairs. From the two perspectives of “empowerment” and “enabling”, this paper explores the remedy approach to shareholders' right to know their financial affairs. Firstly, on the basis of the existing rule of the “empowerment” of the right to know, this paper divides the hierarchical structure of shareholders'right to know their financial affairs from the perspective of passive reception and active acquisition.Next, in order to let the shareholders exercise their empowered right to know, the system of selecting and appointing accounting experts shall be introduced, the shareholders shall be given the right to select and appoint accounting experts, and certified public accountants shall be hired to assist them in exercising their right to know their financial affairs. Finally, this paper constructs the realization path of CPA serving shareholders' right to know their financial affairs based on the hierarchical structure of the right to know. Reference | Related Articles | Metrics | Comments（0） Select Can National Audits Help to Reduce Carbon Emissions? ZHU Jin-yu, LI Yue-ying Contemporary Finance & Economics    2022, 0 (9): 136-148.   Abstract （145）            Knowledge map    Save To play the role of “economic physical examination” is the positioning of the function of national audit in the new era. It is pointed out in The 14th Five-Year Plan for the Development of National Audit Work that national audit should wellperform the supervising function during the low carbon green development. Then, does the physical checkup function of national audit have the governance function on carbon emission? By making use of the panel data of 30 Chinese provinces from 2006 to 2018, this paper explores the impact of national audit on carbon emission and its spatial effect. The results show that national audit can reduce local carbon emissions, and it also has a significant inhibiting effect on the carbon emissions of neighboring regions. It is found through further research that there exist differences in the governance effects of national audit on carbon emission reduction on both sides of Hu HuanyongLine and in the regions with different financial conditions. In addition, it is necessary to pay enough attention to the governance function of national audit on carbon emission, combining the natural endowments and financial conditions to actively promote cross-regional coordinated audit work. Reference | Related Articles | Metrics | Comments（0） Select A Study of the Influence of Strategic Differences on Stock Mispricing WANG Jun-ling, LI Hai-yan Contemporary Finance & Economics    2020, 0 (12): 125-136.   Abstract （332）            Knowledge map    Save The mispricing of stocks is a widely existed problem in the global capital markets. By making use of the data of A-share listed companies in Shanghai and Shenzhen stock markets from 2003 to 2017, this paper empirically studies the impact of the degree of strategic differences on stock mispricing and its influencing mechanism. The findings show that the greater the degree of strategic differences, the higher the degree of stock mispricing will be. The degree of strategic deviance is more likely to lead to positive stock mispricing. The internal quality control can significantly inhibit the positive effect of strategic deviance on stock mispricing. The results of further research show that information asymmetry plays a part of intermediary role in the process of strategic deviance influencing stock mispricing. The impact of the degree of strategic differences on stock mispricing will decrease with the passing of time. Reference | Related Articles | Metrics | Comments（0） Select Industrial Competition, Strategic Differences and Corporate Financialization SUN Jie, YIN Fang-yuan Contemporary Finance & Economics    2020, 0 (12): 137-148.   Abstract （289）            Knowledge map    Save The degree of strategic differences will increase the agency problems of enterprises, then will the increase of agency problems induce the management to increase financial asset investment and thus make the enterprise become over financialized? Taking the A-share listed companies in Shanghai and Shenzhen stock markets from 2007 to 2017 as samples, this paper empirically tests the relationship between strategic differentiation and corporate financialization. The findings show that the greater the degree of corporate strategic differences, the higher the degree of financialization will be. The industrial competition can alleviate the positive relationship between corporate strategic differences and their financialization. The results of further research on the mechanism of action indicate that it is by increasing agency costs that the degree of strategic difference increases the financialization of enterprises. Reference | Related Articles | Metrics | Comments（0）