Introducing
Your new presentation assistant.
Refine, enhance, and tailor your content, source relevant images, and edit visuals quicker than ever before.
Trending searches
- Influential to sales and cost of sales by regulatory capture concept.
- The impact on economic phenomenon.
Regulated parties:
Government, consumers, and
other industries like retail or wholesaler
Regulator:
Energy Efficiency Standards (EES)
> Strong control all banks especially Chinese banks
> Benefits provision and protection for domestic banks
> Source of bias occurred
> Foreign banks are more complex and less recognition
> Chinese banks has more substantial and systematic on government fiscal policy
> Government facilitates lending to its own banks for economic and social development
> Foreign banks with own autonomy but slow entry and expansion
> Their presence in China are limited and controlled
> To enforce and direct to achieve the goal
> To negotiate and persuade parties
> Receiving gifts, benefits, or bribes
> Social system may influence such as cultures, traditions, and politics
> Large diverse community
> Regulators attempt to control both quantity usage and over prices of energy or electricity
> Fuel cost increases leading to electricity price rises
> Control the quantity usage then need to give up cost control
> Illegal, bribes or threats
> Indirect favor for their friends, relatives or political campaigns
> Desire for personal benefits or own fear of harms
> Imperfect competition in the market
> Fluctuations of cost price
e.g. global financial crisis in 2007
Albino, D, K, Hu, A & Bar-Yam, Y 2013, ‘Corporations and regulators, the game of influence in regulatory capture’, Ideas Working Paper Series from Repec, pp.1-27.
Croucher, M 2011, ‘Are energy efficiency standards within the electricity sector a form of regulatory capture’, Energy Policy, vol. 39, pp. 3602-3604.
Ping, H.W 2013, 'Regulatory Capture in China's Banking Sector', Journal of Banking Regulation, vol. 14, no. 1, pp. 80-90.
Deegan, C 2014, Financial accounting theory, Jillian Gibbs & Rosemary Noble, New South Wales.
ACC 80005 - Financial Accounting Theory
Presented by
Bich Ngoc Nguyen (Maggie) 6624316 - YingYing(Serena) Chen 100643081 - Maneerat Buakham (May) 100660569 - Kuntheara Chhea (Austin) 100058724