近年来中国经济的高速增长，意味着中国正在向世界经济引擎的地位迈进。然而，经济快速增长的原因并不主要来自国有企业，相反，国有企业对经济发展的贡献并不大，外国企业的贡献在促进经济起飞中占据了很大的比重。领域的投资,中国政府一直强调的积极影响外国投资和继续改善投资环境,吸引外国公司提高他们的投资在1978年的改革开放之后,另一方面,由于市场迅速扩大的中国低成本生产,以及贫穷的中层管理水平和高员工流失率使这个国家有很强的发展潜力。根据2014年《世界投资报告》，中国已成为世界第一大FDI接受国，超过美国(Santander trade, 2015)。由于投资的增加和生产的扩大，中国现在正面临着能源消耗严重的问题。
High-speed growth of Chinese economy over the past few years implies that this country is running to the position of economic engine of the world. While, the reason for rapidly growth is not mainly derived from state-owned business, on the contrary, SOEs do not account much for contributions to economic development, foreign companies contribution is occupied a large portion for promoting economic takeoff. In the field of investment, the Chinese government has always been emphasis on the positive impact of foreign investment and continued to improve the investing environment to attract foreign companies boost their investment after 1978 the year of reform and open, on the other hand because of rapidly expanding market of China with low cost production, as well as poor middle management level and high staff turnover rate making this nation has strong potential of development. According to the World Investment Report of 2014, China has become the number one FDI recipient of the world, ranking ahead of the United States (Santander trade, 2015). As result of increased investment and expanding production, China is now facing the problem of heavy consumption of energy.
As a MSc level researcher, my interest and my motivation is to explore how the reporting and auditing systems developed over centuries for accounting can be used to deal with the complex and difficult issue in regard to battle between energy and economy. In this respect, China is following the path created by advanced countries. This seems wholly to be expected in that China is becoming an advanced country. In terms of economic theory, conventional accounting and profit measurement sets against revenues only internal costs, ignoring externalities.
The data sample for examines will consider one foreign company from each industry. The companies would be considered as case studies to show how response to energy concerns in China has resulted in to the actions by these companies to change the source of energy as well as the impact such changes have in the energy industry in general. In addition, doing comparison with the investing activity of this company in emerging market (India) and developed market (UK).
Data collection is done through online government resources and statistical databases such as World Bank. The data required for the research is energy consumption in China, foreign investment in China, and accounting system efficiency. Data is then analyzed qualitatively for the industry application of energy consumption changes in the selected companies.
The dependent variable in this research is the economic growth of China, which is characterized by a transparent accounting system. The independent variables comprise of energy consumption across multiple industries as well as foreign investment over the last 20 years with 1994 being the base year.
H1: Accounting audit does play an important role in China’s reducing energy consumption
H2: Accounting audit practices have contributed to increased foreign investment
H3: Increased foreign investment in China has influenced energy consumption.
All of the data are qualitative of the research; thematic descriptions will be covered to show how the Chinese audit system influences investment and reducing energy consumption.
The expected findings after carrying out this research is that increased transparency in the account system may attract and scare investors likewise and therefore little connection is found between auditing and mass foreign investment. In addition, it is anticipated that increased foreign investment in China is the leading influence on reducing energy consumption.