Based on data on users' daily adoption of securities service mobile applications, we measure investors' financial attention frequency, which reflects how often they use such apps, to obtain information on their frequency of opening these apps and online duration. We find that financial attention...

As the top honor for the overall civilization of cities in mainland China, the National Civilized City (NCC) award reflects the good reputation of the award-winning city. This study investigates whether and how the NCC award affects the stock price crash risk of local firms. Using a staggered...