Using Chinese comment letters data, we investigate the impact of the disclosure of comment letters on the cost of debt financing. Empirical results show that when the comment letters are publicly disclosed, creditors charge borrowers significantly higher cost of debt financing. Furthermore, when...

As an important reform of supervision, the comment letter mechanism adopted by the Shanghai Stock Exchange and the Shenzhen Stock Exchange has been paid much attention by regulators and academics. Taking Chinese A-share listed firms from 2015 to 2018 as our samples, this paper investigates the...

In recent years, the amount of goodwill has been increased dramatically and become one of the difficult problems in academic and accounting practice. This paper focuses on the impact of goodwill on analysts’ forecasts. It is found that goodwill can increase the optimism and decrease the...

The public disclosure of IPO comment letter responses represents a significant institutional innovation within the registration-based IPO system. This study investigates the impact of IPO comment letter responses on post-IPO stock price volatility. Our findings indicate that both the quantity...

China has quickly become the largest e-commerce market in the world. By matching a nationally representative China Family Panel Studies survey with county-level e-commerce information obtained from Alibaba, this paper examines how e-commerce development has shaped household consumption growth in...

Based on system theory and the configuration perspective, this study uses the panel data-based qualitative comparison (PD-QCA) method in R and the panel data of the energy systems of China and the 'Belt and Road' countries from 1998 to 2020 to analyze the driving factors that affect the green...

Joining a technical standards alliance is becoming increasingly crucial for latecomer enterprises' innovation catch-up in today's fast-paced technological environment. This study investigates the influence of latecomers' ambidextrous innovation on technical standards alliances while highlighting...

How to keep water and land stress within planetary boundaries is a major challenge for sustainable development in Latin American countries. Using an environmentally extended global multi-regional input-output analysis (GMRIO) approach, this study simulates future land and water demand for...

Purpose - The authors derive the necessary mathematics, provide computer simulations, provide links to free and user-friendly computer programs, and analyze real data sets. Design/methodology/approach - Cohen’s d, which indexes the difference in means in standard deviation units, is the most...

Blockchain is considered by many to be a disruptive core technology. Although many researchers have realized the importance of blockchain, the research of blockchain is still in its infancy. Consequently, this study reviews the current academic research on blockchain, especially in the subject...