Regulatory-driven corporate greenwashing: Evidence from “low-carbon city” pilot policy in China
G Zhang - Pacific-Basin Finance Journal, 2023 - Elsevier
The “low-carbon city” pilot policy proposed by the Chinese central government mandates the
treatment regions to aggressively reduce carbon emissions. Exploiting this regulation as a …
treatment regions to aggressively reduce carbon emissions. Exploiting this regulation as a …
A (sub) penny for your thoughts: Tracking retail investor activity in TAQ
We placed 85,000 retail trades in six retail brokerage accounts from December 2021 to June
2022 to validate the Boehmer et al. algorithm, which uses subpenny trade prices to identify …
2022 to validate the Boehmer et al. algorithm, which uses subpenny trade prices to identify …
Economic policy uncertainty and stock liquidity: the mitigating effect of information disclosure
F Wang, W Mbanyele, L Muchenje - Research in International Business and …, 2022 - Elsevier
We examine the relationship between economic policy uncertainty, information disclosure
and stock liquidity using a large sample of Chinese firms. We first establish that economic …
and stock liquidity using a large sample of Chinese firms. We first establish that economic …
Meet the press: Survey evidence on financial journalists as information intermediaries
We survey 462 financial journalists and conduct 18 interviews to obtain insights on the
inputs to their reporting, the incentives they face, and the factors that influence their …
inputs to their reporting, the incentives they face, and the factors that influence their …
Effect of corporate disclosure and press media on market liquidity: Evidence from Japan
H Aman, H Moriyasu - International Review of Financial Analysis, 2022 - Elsevier
News on corporate information can enhance clarity or add to confusion for market
participants, especially investors. We explore how two diverse types of information …
participants, especially investors. We explore how two diverse types of information …
The information role of the media in earnings news
NM Guest - Journal of Accounting Research, 2021 - Wiley Online Library
I reexamine whether media articles with substantive editorial content inform the market's
reaction to firms' earnings news. Using variation in earnings announcement coverage …
reaction to firms' earnings news. Using variation in earnings announcement coverage …
When investors can talk to firms, is it a meaningful conversation? Evidence from investor postings on interactive platforms
We investigate postings on two unique online interactive platforms by investors around
earnings announcements of publicly listed firms in China. We find posting volumes on the …
earnings announcements of publicly listed firms in China. We find posting volumes on the …
Media coverage, Environment Protection Law and environmental research and development: Evidence from the Chinese-listed firms
W Su, C Guo, X Song - Environment, Development and Sustainability, 2022 - Springer
Environmental research and development (R&D) is an effective means to coordinate firms'
sustainable development and environmental protection. This study investigates the impact of …
sustainable development and environmental protection. This study investigates the impact of …
Economic uncertainty and investor attention
This paper develops a multi-firm equilibrium model of information acquisition based on
differences in firms' characteristics. The model shows that heightened economic uncertainty …
differences in firms' characteristics. The model shows that heightened economic uncertainty …
Earnings virality
We examine the determinants and market consequences associated with earnings
announcements going viral on social media, a phenomenon we label “earnings virality.” …
announcements going viral on social media, a phenomenon we label “earnings virality.” …