This paper uses a unique micro dataset of Chinese private firms surveyed in 2000 to investigate whether having a more highly educated entrepreneur affects a firm's performance. Identifying educational effects has been shown to be empirically challenging because it is difficult to overcome the...

This study examines the relationship between information disclosures and firm value under different levels of product market competition. Using a unique information rating scheme that draws from 114 measures over five dimensions of information disclosure from 2005 to 2013, we find that firms...

Using the information rating consisting of disclosure items from five dimensions – regulatory compliance, timeliness, financial forecast, annual report, and corporate website, we examine how a firm's disclosure quality influences its stock's price efficiency and expected return in Taiwan stock...

Relying on a comprehensive sample of Chinese listed companies from 2007 to 2020 and the PSM-DID method, we examine whether punishments from the China Securities Regulatory Commission (CSRC) affect the behavior of firms that are not punished but shares a cross-owner with the punished. We find...

Using the Markov regime switching approach, the authors investigate the dependency of short term sovereign credit default swap (SCDS) spread changes on a nation's country-specific fundamental factors, local, regional and macroeconomic global factors. They find that the significance of the...

This study investigates the relationship between corporate social performance (CSP) and investment inefficiency in the Chinese stock market. Using the unique CSP ratings scores from the Rankins CSP Ratings (RKS), we find that socially responsible firms are more efficient in their investment. We...

We investigate the impact of the purchase of Directors’ and Officers’ liability insurance (D&O insurance) on a firm’s risk-taking behaviour in China, measured by the firm’s maturity mismatch ratio. Using a unique manually collected dataset, we find a significant positive relationship...