I exploited a regulation reform decreasing the corporate-political connections in China, together with variations in the finance-growth nexus across Chinese regions, to study the impact of corporate-political connections on the finance-growth nexus. What I found was that in the years after the...

Exploiting the staggered deregulation of short sales in China as a quasi-experiment, we investigate whether firms change investor relations (IR) strategy when they face short-selling pressure. We document significant increases in IR efforts as measured by the frequency of company visits when...

Whether a firm's environmental performance influences its financial performance is an unsolved puzzle. In this paper, we investigate if the market rewards concern for environmental issues over the long term. We use KLD's environmental score to construct two matched portfolios that differ in...

Energy sector firms are highly affected by the imposition of costs and community attitudes related to their environmental impact. In this chapter, we study the impact of environmental strengths and concerns of firms in the energy sector on their firm performance. We aim to uncover whether...

This paper examines two attributes of earnings press releases issued by firms cross-listed on U.S. stock exchanges: the tone and frequency of forward-looking statements. A more conservative tone and a greater proportion of forward-looking statements are often viewed as contributing to more...

We examine the profitability of implementing a short term trading strategy based on predicting the error in analysts' earnings per share forecasts using publicly available information. Since large earnings surprises may lead to extreme values in the forecast error series that disrupt their...