In this paper, we develop a corporate accessibility measure for publicly listed firms in China based on their responses to outside market participants' attempts to communicate with them (via telephone, e-mail, and online discussion forum), and examine whether the provision of corporate...

This study uses two distinct quasi-natural experiments to examine the effect of institutional shareholders on corporate social responsibility (CSR). We first find that an exogenous increase in institutional holding caused by Russell Index reconstitutions improves portfolio firms' CSR...

We study the role of state controlling shareholders in corporate payout policy. We exploit as an exogenous event the State Capital Operation Program in China under which parent central state-owned enterprises (parent CSOEs) are required to partially contribute their income to a fiscal fund. We...