Search results

This study examines the earnings quality of private-subsidiary firms using a large sample data from India.

The impact of parent–subsidiary relationship on earnings quality is examined using two common proxies. Findings are robust to alternative research designs, including different earnings quality proxies, endogeneity and matching techniques.

The study finds that private firms that are subsidiaries of listed firms tend to have lesser (greater) earnings quality (manipulation). Further, the study reports that this relationship is more pronounced when the parent firm is relatively larger than the subsidiaries. The study finds no evidence that Big 4 affiliation of the parent company improves earnings quality among private subsidiaries; instead, it exacerbates earnings manipulation in some cases. Finally, the authors document that subsidiary firms use tax management, as proxied by book tax differences, to engage in income-increasing earnings manipulation.

This study examines how affiliation with a listed entity as a subsidiary impacts the earnings quality of private companies. Future research could investigate the financial reporting practices of both private subsidiary firms and standalone private firms, comparing them in similar or differing regulatory environments across various countries.

The findings of this study will help investors, bankers, creditors and regulators to understand the financial reporting of private firms. The study calls for enhanced audit quality at the subsidiary level by making the auditor of the parent firm responsible for auditing a subsidiary, a practice that is currently absent in India.

The results contribute to the existing debate on how firms manage earnings using data of private firms in a large emerging market setting. Previous research has not paid enough attention to the earnings quality of private subsidiaries. The study also emphasizes the necessity for a more robust system of governance and supervision for private firms, particularly in India and generally in other countries.

This article aims to explore the key role of community participation in the protection and development of national parks under the global trend of national park development and provide reference for the construction of China’s national park system by analyzing international successful cases and experiences.

The study on “International Experience of Community Support for National Park Development” integrates multimethods, from data mining reports, journals and policy docs from WB, UNEP, to case analyses. In-depth interviews with policymakers, academics and farmers reveal needs, challenges and best practices. Comparative analysis tailors findings to China’s context, offering recommendations for enhancing community support. This hybrid approach ensures practical insights for China’s application.

The results of this study underscore the paramount significance of community participation as a cornerstone in advancing sustainable development and safeguarding national parks amidst a growing global awareness of environmental stewardship. Through a thorough examination of international National Parks such as Yellowstone, Maasai Mara, Uluru-Kata Tjuta and Sanjiangyuan, we reveal a blueprint of success that hinges on robust policy support, empowerment of local communities, strategic economic incentives and multifaceted cross-sectoral collaborations. In the context of domestic hurdles, including inadequate legal frameworks, narrow participation avenues and resource scarcities, our analysis outlines actionable recommendations aimed at fortifying policy and legal frameworks, establishing efficient engagement modalities, bolstering community capacity-building initiatives and fostering economic sustainability. This comprehensive approach presents a visionary roadmap for World’s national park system, guiding it towards achieving an optimal equilibrium where ecological integrity and community prosperity coexist harmoniously.

The article underscores the originality in illuminating the pivotal role of community participation in national park protection and development amidst a global shift. By delving into international exemplars like Yellowstone, Maasai Mara, Uluru-Kata Tjuta, Sanjiangyuan and Panda, it uncovers novel insights on policy frameworks, community empowerment, economic incentives and collaborative models. This work contributes to the burgeoning discourse on balancing ecological conservation with socioeconomic development, providing a blueprint for sustainable national park management of all the world.