The fast growth of China's economy has brought it not only to the center of the global
economy but also to a transition point in its growth model, a transition from scale to …

This paper investigates retail investor attention to firms' idiosyncratic risk in China. We use
the Baidu search index as a proxy for attention and test its effect on Chinese firms' …

Purpose This paper aims to explore the effects of director network on open innovation. As an
informal institutional arrangement, the director network is an important source for the …

This study seeks to explore the impact of corporate environmental responsibility (CER) on
idiosyncratic volatility contagion. We first adopt the general dynamic factor model to extract …

The global push for carbon neutrality has led to a surge in green investments, yet the
efficiency of these investments remains unsatisfactory due to a poorly structured market for …

Labor protection increases employees' stability and strengthens their monitoring role,
improving firms' information environment and increasing analysts' earnings forecast …

This paper argues fundamental information help resolve information uncertainty that leads to
high idiosyncratic volatility premium. The IVOL-return relation is negative for stocks with poor …

Environmental corporate social responsibility (ECSR) can be a strategy to increase the
transparency of investment information effectively to alleviate information asymmetry. The …

This study examines the impact of energy-related uncertainty on idiosyncratic volatility
(IVOL) in Chinese firms, leveraging data from the Shanghai and Shenzhen stock exchanges …

This paper documents the significant and robust salience theory (ST) effect in China, which
differs from the findings in the literature. First, the upside-ST effect from stocks with salient …