Evolutionary Game Analysis of Leverage Manipulation of State-owned Enterprises

DOI

10.2991/aebmr.k.210712.009How to use a DOI?

Keywords

Leverage Manipulation, Bounded Rationality, CPA, Evolutionary Game

Abstract

Under the background of the steady progress of China’s “deleveraging policy”, based on the “bounded rationality” hypothesis, this paper analyzes the leverage manipulation of state-owned enterprises and the audit behavior of CPAs, and constructs a two-party evolutionary game model between state-owned enterprises and CPAs. The result shows that enterprises do not implement leverage manipulation and strict audit by CPAs are the choices to maximize the interests of both parties.

Copyright

© 2021, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Fu Yaoqing
PY  - 2021
DA  - 2021/07/12
TI  - Evolutionary Game Analysis of Leverage Manipulation of State-owned Enterprises
BT  - Proceedings of the 2021 International Conference on Economic Development and Business Culture (ICEDBC 2021)
PB  - Atlantis Press
SP  - 47
EP  - 51
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210712.009
DO  - 10.2991/aebmr.k.210712.009
ID  - Yaoqing2021
ER  -