A new industrial development paradigm, the Fifth Industrial Revolution or 'Industry 5.0' is expected to humanise green technological innovation (GTI), social resilience, and sustainable development of industrial ecosystems. Emphasising the supplier-customer interaction, 'Industry 5.0' is...

The pricing of financing credit for SMEs under government credit enhancement is an important pattern to solve the financing difficulties of SMEs. Using the data of SMEs credit guarantee fund from Wenzhou, this paper studies the cost of credit under government credit enhancement from three...

Literature on how regional integration within a country affects corporate innovation is limited. This study proposes a dynamic mechanism for integration of the Yangtze River Delta (YRD) to promote corporate innovation based on the peer effect among enterprises. It constructs a panel regression...

Business credit supply entails a firm providing credit to its customers as a means to gain a competitive edge. The advent of the digital economy has brought about profound changes in business practices. In this context, it becomes crucial to examine how the digital economy impacts the business...

Lobbying, ESG reporting, Non-financial disclosure, Hong KongThis study investigates the valuation and real effects of the mandatory disclosure of greenhouse gas (GHG) emission costs from the perspective of "double materiality." We consider a firm with a Cobb-Douglas production function that...

We offer a theoretical framework to help isolate persistence estimates of fundamental earnings innovations from the effects of accounting measurements. We show that a downward bias results when persistence of earnings innovations is estimated using reported earnings. We show that the greater the...

We examine the effects of audit quality on earnings management and cost of equity capital for two groups of Chinese firms: state-owned enterprises (SOEs) and non-state-owned enterprises (NSOEs). The differences in the nature of the ownership, agency relations and bankruptcy risks lead SOEs to...

We study whether audit-partner quality influences the probability of annual report misstatements (measured by restatements) and whether various levels of quality control attenuate such influences. We measure audit-partner quality with audit failure rate (i.e., the total number of audit failures...

We examine the relation between the use of collateral and financial reporting conservatism for a sample of Chinese firms. In the absence of flexibility in risk pricing through interest rates and strong contract enforcement in China, we find that lenders reduce collateral requirements from more...