State-owned enterprises (SOEs) play a crucial role in China's economy. Those directly controlled by the central government (CSOEs) take leading positions almost in all industries in China. In this paper, we analyse the impacts of internal control quality of CSOEs on related party transactions...

Using a sample of UK firms we find that institutional block-holding is negatively associated with directors' ownership and is positively associated with board composition, suggesting that institutional block-holders regard directors' ownership and board composition as substitute and...

How do country-level societal norms affect financial investments? We provide evidence that mutual funds managed in high social capital countries are inclined to consider environmental, social, and governance filters in their portfolios, especially when acquiring new stocks and investing abroad....

State-owned enterprises (SOEs) play a crucial role in China's economy. Those directly controlled by the central government (CSOEs) take leading positions almost in all industries in China. In this paper, we analyse the impacts of internal control quality of CSOEs on related party transactions...

We examine whether and how the social capital surrounding firms’ headquarters affects firm decision-making regarding mergers and acquisitions (M&As). We document that M&A deals made by firms located in counties with higher levels of social capital are associated with superior acquirer...

In an era when the boundaries between local risks and global risks are not clear, the occurrence of major public emergencies tends to lead to increased tension and risks of all types. Negative public opinions caused by rumors, fear and hostility during public emergencies can often exacerbate...

We calculate the return on the major Asian currency denominated long-term government bonds in terms of a basket of the People's Republic of China's (PRC) imports of goods and services, namely the real return on those assets from the PRC's perspective. In the sample period of January 2002 to...

The segmentation of global manufacturing and services provided China and subsequently India with a golden opportunity to make full use of their absolute advantage low cost yet educated labour to integrate into the world economy within a comparatively shorter period of time than some earlier...