Prior for-profit literature provides evidence that an independent audit of the financial reports
is associated with a corporation's improved investment efficiency and financial performance …

Based on the social norms and structural theories of social capital, this study examines the
relationship between community social capital and the firms' capital allocation efficiency. We …

In this study, we empirically investigate the relation between firm executives' education and
compensation levels and firm value in non-state-owned Chinese listed firms. We closely …

Purpose The extant literature provides evidence that single CEOs are less risk-averse.
Building on the theory of risk aversion, the authors argue that the risk aversion trait arising …

The combination of peer pressure and who you know in our society can be powerfully
influential. Likewise, firms headquartered in high social capital locations can exhibit …

Corporate governance relies significantly on the board of directors, who act as custodians of
shareholders' interests. The dynamics of social connections between Chief Executive …

Since the users of the financial statements cannot directly observe the true underlying
fundamentals of the organizations, they have to rely on reported accounting numbers …

Based on gender socialization theory, this study provides empirical evidence on the
association between female board representation and opportunistic insider trading. More …

The recent increase in common ownership makes it imperative to study the impact of
common ownership on corporate policies. In this two-essay study, I examine how common …