Zhao Shijun

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In this paper we investigate the impact of incremental risk caused by 2008 financial crisis upon the service fee charged by agents. Using public statistic data, we find that operational risk of export oriented firm increases as a result of the financial crisis and audit fee is therefore charged more by auditors. However, for non-export oriented firms there(More)
In this paper we investigate effect of the risk caused by 2008 financial crisis on audit fees between state owned enterprises (SOEs) and private firms. Using China's listed company data, we find that firm operational risk increases as a result of the financial crisis and private companies are therefore charged more by auditors. However, for SOEs the risk(More)
In order to better understand the transmission mechanism of monetary policy, we evaluated the asymmetric response of corporate over investment to monetary policy. We tested the different effects of monetary policy on excessive investment under the different corporate ownership structure. There are two findings. First, listed companies in China generally(More)
Whether firms should use markets or produce internally has long been in academic debate. We construct a mathematical model and empirically analyze how firm reputation impacts transactions under China's transitional economy. We find that reputed firms prefer market transaction more than internal production since they can benefit from contracting in less cost(More)
Business complementarity widely exists in the economy, the difficulty in scientifically measuring it limits our knowledge to it. In this paper, we construct a complementarity measure by using IO table and investigate the performance of business complementarity. It is found that SOEs are more complementary than private firms, and mining is the most(More)
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