We investigate postings on two unique online interactive platforms by investors around earnings announcements of publicly listed firms in China. We find posting volumes on the platforms increase around earnings announcement dates, suggesting that investors acquire firm-specific information via...

Innovative users can not only generate ideas for new products, but also self-select whether to share their ideas with peers or producers. Different innovative users have different degree of lead userness, and their ideas are usually rooted in tacit need-related knowledge. Because it has been...

Purpose: In heterogeneously segmented markets, collaborating with product users in product innovation is important for business success. End user innovators and embedded user innovators differ in terms of their prior embeddedness in the target industry. The purpose of this study is twofold....

In user innovation theory, a user-founded firm is based on a product that was originally developed by a user for the user’s private need. In this study, we refer to the startup characteristic of user-founded firms as the firms’ user innovation origin. We developed hypotheses to shed some...

U.S. President Donald Trump tweets frequently to communicate his thoughts to the public. We quantitatively evaluate the impact of Trump's China-related tweets on the Chinese stock market. We find that following Trump's inauguration, his tweets with a positive sentiment significantly increase...

The rapid advancement of artificial intelligence (AI) technology has been the driving force behind the new wave of technological revolution. In this study, we examine the impact of AI technology on corporate employment decisions. Using a sample of Chinese listed firms from 2012 to 2021, we find...

Traditional ways of managing information technology (IT) service providers are no longer applicable as companies use more and more services provisioned in the cloud. Therefore, organizations are looking for new ways to manage their relationship with cloud providers. The shift from...

Ownership type, legal system evolution and their interaction significantly affect the incentives and behaviors of independent directors. We use the 2019 Securities Law revision as an exogenous shock to examine how state-owned enterprises (SOEs) versus non-SOEs and their independent directors...

Using a sample of 1,103 Chinese private-sector firms that went public during 2004-2016, we find that founders from the country’s regions with stronger collectivist cultures engage more family members as managers, retain more firm ownership within the family, and share the controlling ownership...

The reforms of China's financial system have significantly changed the country’s financial sector. One noteworthy phenomenon is that many nonfinancial firms have obtained equity stakes in financial institutions. This study investigates the motivations behind and economic consequences of this...