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“Belt and Road” International Accounting Research Center

The Center is established as a part of the “Belt and Road” Initiative, to study accounting, finance, taxation, banking, and business management policies, systems, and cases in China and the “Belt and Road” countries. It analyzes the general accounting rules, advises Chinese ‘going-global’ companies about investment, and provide advice for China’s implementation of the Initiative.

The “Belt and Road” Initiative requires harmonizing the accounting standards, taxation law, investment and financial policies, and financial management practices of the Belt and Road countries.

The Center’s goal is to make Chinese companies more standardized, competent, and transparent. The Center collects and analyzes economic cooperation, investment, and trade information to support businesses and governmental economic decision-making, so as to enhance the “Belt and Road” Initiative implementation efficiency and achievements.

The Center studies the following issues:

1. Accounting and finance: focusing on the accounting, auditing, taxation, and financial management systems and cases in China and the “Belt and Road” countries, and their impacts on business investment and management. The research results offer advice for business investment and management decision-making.

2. Accounting system convergence: focusing on accounting standards and systems in China and the “Belt and Road” countries, in terms of their differences and similarities, and their convergent development. The research results will be used to guide the information disclosure in cross-border business, and offer advice to Chinese government for coordinating the accounting standards.

3. Capital market: focusing on the efficiency, pricing, and information intermediaries in the capital markets in China and the “Belt and Road” countries, especially the impacts of accounting information, corporate governance, financial management, and economic and cultural factors on the capital market. The research results will offer guidance for increasing cross-border capital flow, and improving financing and information transparency in the capital markets.


Anh Tuan Nguyen, Guangming Gong. Measurement of Formal Convergence of Vietnamese Accounting Standards with International Financial Reporting Standards. Australian Accounting Review, 2014, 24(2): 182-197(SSCI)

Christof Beuselinck, Lihong Cao, and Marc Deloof, Xinping Xia. The Value of Government Ownership During the Global Financial Crisis. Journal of Corporate Finance, 2015 (SSCI)

Danlin Pu, Shanping Wang. The Impact of Pricing Mechanism Reform on Underpricing of Initial Public Offerings in China. Applied Economics Letters, 2015, 22(14): 1144-1149(SSCI)

Danlin Pu, Yun Hong, and Hsueh Ming-Hsien. Chief Financial Officers` Power, Institutional Environment, and Corporate Effective Tax Rate: Evidence from China. Emerging Markets Finance and Trade, 2015, 51(S1): S196-S213(SSCI)

Fangfei Ding, Min Chen, and Zhongxin Wu. Do Institutional Investors Use Earnings Forecasts from Financial Analysts? Evidence from China`s Stock Market. Emerging Markets Finance and Trade, 2014, 50(S1): 23-38(SSCI)

Guangming Going, Si Xu, and Xun Gong. Bond Covenants and the Cost of Debt: Evidence from China. Emerging Markets Finance and Trade, 2015 (SSCI)

Guangming Gong, Si Xu, and Xun Gong. On the Value of Corporate Social Responsibility Disclosure: An Empirical Investigation of Corporate Bond Issues in China. Journal of Business Ethics, 2016 (SSCI)

Huacheng Wang, Feng,Cao and Sifei Li, Xiangqiang Liu. Can Accounting Earnings Predict Future GDP Growth: Evidence From China. Frontiers of Business Research in China, 2015, 9(1): 30-43

Jun Huang, Feng He, and Guowei Zun. Non-tradable Shares Reform, Ownership Structure and Agency Cost. International Journal of Services Technology and Management, 2013, 19(4/5/6): 240-253(EI)

Jun Huang, Xue Shuang, and Yun Hong. Vertical Integration and Inventory Management Efficiency. China Accounting and Finance Review, 2016, 16(4): 1-48

Lihong Cao, Xinping Xia, and Yixia Wang. Market Timing with Security Offering Regulations: Evidence from Private Placements of Chinese Listed Firms. Emerging Markets Finance and Trade, 2013, 49(S2): 91-106

Rongli Yuan, Jian Sun, and Feng Cao. Directors`and Officers`Liability Insurance and Stock Price Crash Risk. Journal of Corporate Finance, 2016, 37: 173-192

Shuang Xue, Feiteng Ye, Yun Hong. Partner-Client Relationship and Auditor Switches. China Journal of Accounting Studies, 2013, 1(2): 114-137
Van Dinh Doan, Guangming Gong. Applied Financial Mathematical Model for Derivative Instruments and Hedging Exchange Rate.International Journal of Academic Research in Accounting Finance, 2013, 3(4): 254-273(EI)

Wang Xue, Feng Cao, and Kangtao Ye. Mandatory Corporate Social Responsibility (CSR) Reporting and Financial Reporting Quality: Evidence from a Quasi-Natural Experiment. Journal of Business Ethics, 2016: 1-22

Wangfeng Zhang, Lihong Cao. Family Involvement, Internal Control and Agency Costs: Evidences from China's listed family firms. Perspectives in Science, 2016, 7(C): 45-51

Xue Shuang, Yun Hong,Earnings Management, Corporate Governance and Expense Stickiness. China Journal of Accounting Research, 2015, 41(1): 41-58

Yan Yang,Fengli Wang,and Shou Chen. How Corporate Strategy Changes in Different Monetary Policy Conditions: Empirical Test in China. Chinese Management Studies,2015, 9(3): 355-384(SSCI)