We explore the equity market impact of board announcements of corporate donations made in response to the May 12th 2008 Wenchuan earthquake in China. Our event study uses a sample of board announcements of corporate donations from Chinese A-share listed companies. We find that donor companies...

We show how the concepts of remembered utility and experienced utility correspond to cognitive appraisals of life satisfaction and emotion/affect respectively, as these concepts are used in psychology. Cognitive life satisfaction, or remembered utility, is relatively stable over time and can be...

Using a unique dataset from the Pearl River Delta in China we examine the factors associated with rural-urban migrants’ participation in, and expenditure on, illegal gambling. We find that similar demographic and lifestyle characteristics are associated with participation in, and...