Recent research finds that investors' assessments of a stock's fundamental value are influenced by CSR performance through the affect-as-information heuristic (Elliott et al. 2014). We extend prior research by examining two boundary conditions for the use of this heuristic: (1) whether the CSR...

We examine whether and how the exercising of rights by the regulatory minority shareholder impacts firms' cost of equity. Using a hand-collected sample from the CSISC, a novel regulatory investor protection institution controlled by the China Securities Regulatory Commission, we find that the...

The triangle model of responsibility (Schlenker, Britt, Pennington, Murphy, and Doherty 1994) predicts that the extent that investors hold management responsible for an adverse event is jointly determined by the links among three elements—management, the adverse event, and the relevant...

Rice can potentially pose serious health risks due to its highly efficient arsenic (As) uptake. Sulfur (S) is not only an essential macronutrient, but it also has the ability to decrease As accumulation. In the present study, a hydroponic experiment was conducted to investigate the mechanisms...

Recently, rare-earth doped phosphors have been newly developed and applied in hot issues such as phosphor-converted light-emitting diodes (pc-LEDs)，anti-counterfeiting, and fingerprint visualization. Herein, an Eu 3+ -activated CaGdSbWO 8 (CGSW) red phosphor was synthesized by a...

Section 404 of the Sarbanes-Oxley Act requires management to assess and disclose the effectiveness of their internal controls over financial reporting (ICFR). However, the regulation does not provide specific guidance regarding the communication style to be used in these reports. Our analysis of...

We present estimates of 4 and 8 firm concentration ratios by industry and in weighted aggregate form for the manufacturing sector for Chinese enterprises for 2002 and 2007. These are then compared to available estimates for the same years and industrial classification for the US. These...

Media-aware stock performance has been a hot issue in asset pricing. Numerous studies have focused on the impact of news content. However, few studies have paid attention to the form of news releases. In this paper, using data from 126,784 news of Chinese listed companies from 2013-2018, we...

In some cases, accounting firms and individual auditors will be punished by the China Securities Regulatory Commission (CSRC) for involvement in the violations of their client companies. Taking the enforcement actions against listed companies and accounting firms of the CSRC from 2006 to 2019 as...