Business

Does the supply of tax information affect financial restatements? Evidence from the launch of Taxation Administration Information System III in China

J. Zhang, N. Wang, et al.

This research conducted by Jian Zhang, Ningzhi Wang, Xinyu Zhu, and Xiao Yi explores how the transparency of tax information can affect financial restatements. Utilizing the rollout of China's Taxation Administration Information System III as a natural experiment, the study reveals significant findings about the role of information asymmetry and government in enhancing financial disclosure quality.