Green credit plays an increasingly important role in promoting environmentally friendly
enterprises and limiting polluting enterprises by regulating the flow of social capital to …

This paper reviews recent research on corporate governance, with a special focus on
emerging markets. It finds that better corporate governance benefit firms through greater …

We evaluate the connection between corporate characteristics and the reaction of stock
returns to COVID-19 cases using data on more than 6,700 firms across 61 economies. The …

This research assesses the effectiveness of China's green credit policy. We explore whether
firms with better external environmental disclosure and internal green innovation receive …

In the corporate finance tradition, starting with Berle and Means (1932), corporations should
generally be run to maximize shareholder value. The agency view of corporate social …

We study pricing and non-pricing features of loan contracts to gauge how the credit market
evaluates a firm's customer-base profile and supply-chain relations. Higher customer …

We examine the relation between political uncertainty and cash holdings for firms in China.
We document that, during the first year of a new city government official's appointment, a …

This paper analyzes whether the political connections of listed firms in the United States
affect the cost and terms of loan contracts. Using a hand‐collected data set of the political …

We investigate the impact of family control on corporate social responsibility (CSR)
performance. Using newly collected data on the ultimate ownership structure of publicly …

This paper shows that incentives created by the impending turnover of local politicians can
accelerate the pace of initial public offering (IPO) activity in certain politicized environments …