This research investigates to what extent and in what way do management accounting and control practices change in listed Chinese SOEs following IPOs? And how does management accounting change link to other organisational change, as triggered by IPOs in listed Chinese SOEs? The Chinese government has permitted profitable business units of an SOE or the enterprise as a whole to list shares on domestic and overseas stock exchanges. As a result of initial public offerings (IPOs), certain Chinese SOEs have been transformed from quasi-government agencies into profit oriented corporations, and privatised at least partially, if not fully. Recently, the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) announced that all SOEs that are held by the central government would be listed fully in the next 10 to 15 years.
Flash Player 9.0.0 or above