The audit report is the medium of communication between the auditor and the users of the audit report. Therefore, it must be understandable, objective, and accepted by the users as a relevant source of information. Even though the audit reports do consist of valuable information content to...

This paper will explore the research question: Do shareholder Say-on-pay (SoP) impact excessive executive compensation? Consequently, the essential sub-problems will also be addressed: Do shareholder SoP votes indicate a negative correlation to extremely high compensation? Moreover, how does the...

We empirically examine firms’ myopic behaviors of inflating current earnings at the expense of long-term earnings by comparing Japanese listed with unlisted firms. We find that listed firms are more likely to engage in earnings management than unlisted firms. We also find that firms are more...

Digital Transformation (DT) can improve the enterprise’s economic performance (EP), but there are few studies on DT and the enterprise’s performance on capital market. This paper finds that DT can reduce the enterprise’s stock price collapse risk (the “Risk”) and promote its...

We examine the relationship between financial reporting quality and block ownership by institutional investors. This relation is vital given the tremendous growth of institutional ownership and the significant influence of large institutional blockholders on financial reporting quality. Our...

This paper investigates whether and how executives’ economic management education backgrounds impact the firm innovation using the R&D data of Chinese listed firms from 2015 to 2019. We find that executives with economic management education backgrounds will take less innovative activities...

Utilizing 1998–2020 matched data consisting of a sample of both listed firms and always-non-listed firms, this study establishes the causal impacts of listing on the financial behavior of private firms in China. Our results are as follows. First, initial public offerings (IPOs) cause private...

Firms have increasingly used social media such as Twitter to disseminate corporate disclosures, particularly since the regulation of these platforms by the Securities and Exchange Commission (SEC) in 2013. However, research on social media dissemination is still limited. Even though a few...