We investigate the impact of enterprise digital transformation on the breadth of ownership
and stock price volatility. Our findings demonstrate that enterprise digital transformation has …

We empirically capture boardroom backscratching, or cronyism, as when a firm's Chief
Executive Officer (CEO) and directors concurrently receive excessive remuneration. We …

In this paper, we employ a unique information assimilation measure for listed firms in China
based on their communications with investors through an online platform designated by the …

The development of computer technology, such as data mining, has made data a productive
resource. However, there are currently no relevant codes or guidelines in countries around …

This paper addresses a subtle but important assumption in the broad literature on stock
price synchronicity, that is, whether the standard errors used in hypothesis testing are well …

I examine financial analysts' forecasts for firms whose incumbent institutional investors (IIIs)
are temporarily distracted. I find that financial analysts react to an increase in institutional …

This study examines the relationship between litigation risk and stock price crash risk. Using
a sample of Chinese A-share listed firms and a comprehensive range of lawsuits filed …

Shareholder attention matters for a firm. Yet little is known about how it affects firm's
financing costs. This paper examines the effect of institutional shareholders' distracted …