Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/338438 
Erscheinungsjahr: 
2020
Quellenangabe: 
[Journal:] China Journal of Accounting Studies (CJAS) [ISSN:] 2169-7221 [Volume:] 8 [Issue:] 4 [Year:] 2020 [Pages:] 575-598
Verlag: 
Taylor & Francis, Abingdon
Zusammenfassung: 
The paper examines the economic effects of the trial judgement of joint and several liability on BDO China. Our study has the following findings: first, the capital market regarded the judgement as a signal to strengthen investor protection; second, the judgement pushed the auditors to enhance their prudence; third, the clients' financial reporting quality are improved after the judgment; fourth, the above phenomena are more pronounced in areas where administrative penalties or criminal convictions are not the litigation preconditions for civil proceedings for false statements. The study denies Simunic et al. (2017)'s assertion that the legal system in China makes the recovery of damages from auditors is difficult.
Schlagwörter: 
Joint and several liability
litigation preconditions
investor protection
auditor's prudence
financial reporting quality
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