This study aims to analyse the diffusion level of non-financial reporting (sustainability reporting, corporate social responsibility, and integrated reporting) in companies listed on the Indonesia Stock Exchange and analyse the quality of sustainable reporting standalone. Indonesia, which is one...

This paper studies whether and how controlling shareholders’stock pledge affects corporate fraudulence. We find that both the pledge behavior and the pledge ratio of the controlling shareholders are positively associated with future corporate fraudulence. The results are robust after...

In this paper, we find that better environmental, social, and governmental (ESG) performance is associated with lower audit pricing in terms of both raw and abnormal audit fees in China. But the environmental, social, and governmental pillars don't play the same role in driving that...

In the context of the digital economy, digital innovation has become an important driving force for companies to improve firm value. Following the guidelines of the Statistical Classification of Digital Economy and Its Core Industries (2021), this paper uses patent data to construct indicators...

This paper examines the stock market response to the establishment of M&A funds by Chinese listed firms and the investments made by M&A funds. Our results show that the establishment of M&A funds by listed firms in general do not create value. Even after these M&A funds make investments, there...

Based on a panel fixed effect model, our paper explores the impact of digital transformation on the operation efficiency of Chinese A-share listed enterprises during 2009-2020. It conducts related robustness tests, mechanism analysis, and heterogeneity analysis to provide a comprehensive...