A large number of newly listed firms have significant involvement in international business activity. In this paper, we examine the effect of international business activity on the pricing of initial public offerings (IPOs), post-IPO performance, and survival. In a large sample of U.S. IPOs over...

Using the sample of Chinese publicly listed companies from 2008-2018, we find that the firms whose managers are covered by Directors’ and Officers’ Liabilities Insurance (D&O insurance) are more likely to have better performance in their corporate social responsibility (CSR) activities. The...

In this paper, we examine the monitoring effect of Directors’ and Officers’ liability insurance (D&O insurance) on firms’ acquisitions in China. We find that firms with managers covered by D&O insurance are less likely to undertake acquisitions and if they do, their acquisitions are...

This paper analyzes the effect of changes in real exchange rate on manufacturing employment. Our theoretical model predicts the positive effect of depreciation of real exchange rate on employment through a firm s expectation on changes in real exchange rate and the interaction between real...

In 1996, the first author of this essay manifested that financial assets structure of China which was then dominated by indirect financing had led to many problems in the economy. After more than ten years of financial reform, has the financial assets structure been improved‘ Can the existing...

Agile for sustainable design development was developed as a project management approach to provide flexible and efficient way as refer to ability and easily process in new product development. The application of agile concept for sustainable design development is still unclear, unknown processes...

We examine the effect of export activity on the pricing of initial public offerings (IPOs) and their post-IPO performance and survival. On the one hand, foreign market operations diversify a firm's revenue base and the risk of domestic cash flow shocks and may also provide an entree into foreign...

The current international environment is becoming increasingly complex. With the continuous development of economic globalization, the logistics industry as the basis of international trade circulation has a far-reaching impact on promoting a country's position in the global value chain. Based...

In this paper, we study the facial trustworthiness of financial analysts and explore how it could affect their ability to gain information privately. Using the full sample of Chinese analyst reports and machine learning for facial analysis, we find that more trustful-looking analysts can produce...

With the advent of the digital economy era, how digital finance empowers traditional finance to improve financial efficiency has become a core issue that the financial industry must face. This article selects 41 cities in the Yangtze River Delta urban agglomeration as the research object,...