Proceedings of the 2021 International Conference on Economic Development and Business Culture (ICEDBC 2021)

Evolutionary Game Analysis of Leverage Manipulation of State-owned Enterprises

Authors
Fu Yaoqing
Corresponding Author
Fu Yaoqing
Available Online 12 July 2021.
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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Volume Title
Proceedings of the 2021 International Conference on Economic Development and Business Culture (ICEDBC 2021)
Series
Advances in Economics, Business and Management Research
Publication Date
12 July 2021
ISBN
978-94-6239-403-2
ISSN
2352-5428
DOI
10.2991/aebmr.k.210712.009How to use a DOI?
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/).

Cite this article

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  -