Socially and environmentally responsible investing is becoming the benchmark in financial markets. Promoting emerging industries’ environmental performance, social responsibility, and corporate governance (ESG) ratings are increasingly becoming the consensus of multinational green financial...

The study examines the associations between political connections, cash flows, and firm investments of Indian firms. Using a sample of 1,953 listed firms on the National Stock Exchange of India from 2009 to 2021, we investigate how political connections benefits financially constrained firms. We...

Compensation paid to top executive managers is one of the sensitive areas in modern corporate finance. The objective of this paper is to investigate the determinants of the Chief Executive Officer and/or the Chairman of the board of directors’ cash compensation. It examines mainly the linkage...

The global shifts in management philosophy have resulted in an increasing number of multinational corporations requesting Corporate Entrepreneurship as part of their strategic planning process. It is on this note that the study aimed at examining the impact of corporate entrepreneur on the...

Executive teams in U.S. firms are becoming increasingly partisan. We establish this new fact using political affiliations from voter registration records for top executives of S&P 1500 firms between 2008 and 2020. The new fact is explained by both an increasing share of Republican executives and...

Using the panel data of Chinese A-share listed companies from 2011 to 2019, we examine the impact of financial technology (FinTech) development on enterprise investment efficiency. In addition, we construct a regional FinTech development index on the basis of the number of FinTech companies in...

Executive teams in U.S. firms are becoming increasingly partisan. We establish this new fact using political affiliations from voter registration records for top executives of S&P 1500 firms between 2008 and 2020. The new fact is explained by both an increasing share of Republican executives and...

Using the data of Chinese A-share new energy vehicle listed companies, this paper investigates the impact of government subsidies on firm’s R&D investment from the perspective of industrial chain. The results show that government subsidies have significant incentive effect on R&D investment of...

In 2018, the price index of the Chinese A-share market experienced a turbulent loss, exposing many privately listed companies with share pledges to liquidation risk, which might then lead to systematic risks. The central Government encouraged local governments and financial institutions to set...

The proposed new SEC (2022) rules suggest that the information risk may be unusually high for companies going public by merging with SPACs (“SPAC-IPOs”). We study the merits of this “information risk” hypothesis and then examine whether the high information risk also explains...