A new regulation issued in the end of 2013 as part of the anti-corruption campaign in China leads to a wave of resignation of politically connected independent directors (PCID). I find while firms with PCIDs have negative cumulative abnormal return (CAR) around release of the new regulation,...

Background: Per- and polyfluoroalkyl substances (PFASs) questions have become increasingly prominent in the fields of ecotoxicology and public health. More crucially, exposure to long-chain PFASs frequently produces developmental toxicity, prompting the large-scale production and use of...