Accounting for the growth and transformation of Chinese businesses and the Chinese economy
Implications for Transitional and Development Economics
Bibliographic Data
| ID | 4796009 |
|---|---|
| Authors | Toyoko Suzuki (0000-0002-5505-7405, University of Oxford), Yun Yan (0000-0002-3701-9608, Shanghai National Accounting Institute), Bo Chen (0009-0009-0184-3556, University of Oxford) |
| Year | 2007 |
| Volume | 5 |
| Issue | 4 |
| Pages | 665-694 |
| Publication date | 2007-10-16 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Socio-Economic Review (JOURNAL) |
| Journal identifiers | ISSN: 1475-1461 • E-ISSN: 1475-147X |
| Publisher | Oxford University Press (PUBLISHER • GB) |
| DOI | 10.1093/ser/mwm016 |
| OpenAlex | W2135791175 |
| Language | EN |
| References cited | 6 |
This paper aims at understanding the recent evolution of Chinese accounting standards while focusing on accounting for business combinations as a case of reference. A comprehensive comparative analysis between the standards of the International Accounting Standards Board and Chinese accounting standards is provided, based upon a dualistic approach towards two opposing perspectives of accounting, static (fair value) and dynamic (matching based). The comparison casts doubt on the ultimate convergence of Chinese and international accounting standards. Main differences remain and are explained by taking into account: (i) the special Chinese context, (ii) the massive industrial development experienced by business enterprises in China and (iii) the dynamic accounting perspective that leading accounting theorists and Chinese regulatory authorities agree with and wish to encourage.
China · Chinese economy · Economic system · Economics · Growth accounting · Macroeconomics · Political science · Productivity · Total factor productivity · Transformation (genetics) · Accounting and Organizational Management · Corporate Finance and Governance
| Citation velocity | historical |
|---|---|
| Highly cited | No |