Product market competition has been identified as one of the most powerful corporate
governance tools for motivating managers to maximize firm value. Consistent with this view …

Using a large sample of firms from 30 countries, we find that the integration of corporate
social responsibility (CSR) criteria into executive compensation is associated with greater …

Recently, the rapid development of digital finance in China has exerted a subtle influence on
many aspects of social and economic development. However, the research on the impact of …

Uncertainty surrounding the risk and reward of investments in biopharmaceutical companies
poses a challenge to those interested in funding such enterprises. Using data on publicly …

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 …

The dual-credit policy is expected to achieve subsidy policy withdrawal through the effective
market-oriented mechanism of credit trading, which has both rewards and sanctions for auto …

We investigate whether corporate cash holdings affect carbon dioxide emissions. Using a
sample of 5402 firm-years observations from 943 US firms during 2007–2017, we find that …

This study investigates the impact of market competition on corporate cash holdings.
Specifically, we focus on the corporate innovation and financial constraint channels. Based …

This paper empirically evaluates how different firm life cycle stages influence managers
while making firms' input and output innovation decisions under asset liquidity constraints …

We show that R&D investment explains a significant portion of the increase in the average
cash-to-assets ratio of US firms, which more than doubled between 1980 and 2012. In 1980 …