This article reviews empirical capital structure research, concentrating on papers published
since 2005. We begin by documenting three dimensions of capital structure variation: cross …

This article reviews and integrates the empirical literature on the measurement of investment
efficiency in the areas of accounting and finance. We identify the theories behind the …

在“十三五” 供给侧改革和建设美丽中国的新时期, 如何更好地推进绿色金融创新,
淘汰落后产能并加大对环境友好型企业的金融支持, 从而引导和推动产业转型升级已成为一个 …

This study identifies the cyclical boom-and-bust episodes in digital economy-related assets
and determines whether bubbles exist in China's digital economy. The extant literature …

Firms' involvement in environmental, social, and corporate governance (ESG) initiatives is a
key determinant of their sustainable development efforts. Using the setting of China's Green …

We investigate whether short-termism distorts the investment decisions of stock market-listed
firms. To do so, we compare the investment behavior of observably similar public and private …

The research in Psychology and Economics (aka Behavioral Economics) suggests that
individuals deviate from the standard model in three respects:(1) nonstandard …

Public firms provide a large amount of information through their disclosures. In addition,
information intermediaries publicly analyze, discuss, and disseminate these disclosures …

An influential thesis, dubbed “Doing well by doing good,” argues that corporate social
responsibility is profitable. But heterogeneity in firm financial constraints can induce a …

We survey the theory and evidence of behavioral corporate finance, which generally takes
one of two approaches. The market timing and catering approach views managerial …