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 partially privatised .
This research aims to investigate two questions:
- To what extent and in what way do management accounting and control practices change in listed Chinese SOEs following IPOs?
- How does management accounting change link to other organisational change, as triggered by IPOs in listed Chinese SOEs?