Spurred by the informational and disciplinary roles that the media fulfils, this study provides
initial evidence on how higher media coverage is associated with a lower tendency of firms …

Well-functioning capital markets rely on a complex set of institutions and participants that
ensure capital is allocated to its best possible use, and that information flows between firms …

The effects of natural disasters on capital markets have been investigated by limited
evidence even though these calamities bring considerable damages or loss of life. To fill this …

Against the backdrop of the role of financial derivatives in the recent financial crisis, this
paper aims to identify the effects of financial derivative usage on the amount of firm-specific …

ABSTRACT A large and rapidly growing literature examines the impact of misvaluation on
firm policies by using mutual fund outflow‐induced price pressure to isolate nonfundamental …

This study aimed to examine the effect of Chinese carbon regulatory policy on the debt
financing costs of carbon-intensive corporations. We use a large sample covering the years …

Analysts' price targets and recommendations contradict stock return anomaly variables.
Using an index based on 125 anomalies, we find that analysts' annual stock return forecasts …

This study examines whether ESG performance reduces information asymmetry and
whether assurance services have a moderating effect on the association between ESG …

We study how sophisticated investors, when faced with shocks to information environment,
change their information acquisition and trading behavior, and how these changes in turn …

In this paper, we apply machine-learning techniques to construct detecting models of stock
market manipulation. By combining manually collected China Securities Regulatory …