The effects of financial reporting and disclosure on corporate investment: A review
A fundamental question in accounting is whether and to what extent financial reporting
facilitates the allocation of capital to the right investment projects. Over the last two decades …
facilitates the allocation of capital to the right investment projects. Over the last two decades …
Institutional ownership heterogeneity and ESG performance: Evidence from China
Y Wang, Y Lin, X Fu, S Chen - Finance Research Letters, 2023 - Elsevier
This paper examines whether institutional investors affect the environment, social, and
governance (ESG) performance of Chinese-listed companies. We show that institutional …
governance (ESG) performance of Chinese-listed companies. We show that institutional …
Climate risk: The price of drought
We document a significant positive relation between drought risk and the cost of equity
capital. Our estimation shows that the cost of equity capital is 92 basis points higher for firms …
capital. Our estimation shows that the cost of equity capital is 92 basis points higher for firms …
Navigating through economic policy uncertainty: The role of corporate cash holdings
We find that US corporations increase their cash holdings in response to higher economic
policy uncertainty. The increase in cash holdings is not attributed to a reduction in firm …
policy uncertainty. The increase in cash holdings is not attributed to a reduction in firm …
Carbon risk and corporate capital structure
This research exploits Australia's ratification of the Kyoto Protocol, which mandates the
country to reduce carbon emissions, thereby exposing Australian firms to increased carbon …
country to reduce carbon emissions, thereby exposing Australian firms to increased carbon …
The effects of supply chain diversification during the COVID-19 crisis: Evidence from Chinese manufacturers
Resilience amidst a crisis is vital to survival in the turbulent contemporary business
environment. Diversifying the supply chain has been proposed as an important means to …
environment. Diversifying the supply chain has been proposed as an important means to …
Trade secrets law and corporate disclosure: Causal evidence on the proprietary cost hypothesis
This study exploits the staggered adoption of the inevitable disclosure doctrine (IDD) by US
state courts as an exogenous shock that generates variations in the proprietary costs of …
state courts as an exogenous shock that generates variations in the proprietary costs of …
Customer concentration and digital transformation
M Li, N Liu, A Kou, W Chen - International Review of Financial Analysis, 2023 - Elsevier
Using a sample of Shanghai and Shenzhen A-share listed firms during 2009–2020, we
examine how customer concentration would influence firms' digital transformation. In this …
examine how customer concentration would influence firms' digital transformation. In this …
Do major customers encourage innovative sustainable development? Empirical evidence from corporate green innovation in China
This paper examines the impact of customer concentration on green innovation in Chinese
listed firms between 2006 and 2018 through the dynamic panel generalized method of …
listed firms between 2006 and 2018 through the dynamic panel generalized method of …
The impact of audit committee information technology expertise on the reliability and timeliness of financial reporting
We examine whether information technology expertise on audit committees impacts the
reliability and timeliness of financial reporting. We find a reduction in the likelihood of …
reliability and timeliness of financial reporting. We find a reduction in the likelihood of …