In 1996, the first author of this essay manifested that financial assets structure of China which was then dominated by indirect financing had led to many problems in the economy. After more than ten years of financial reform, has the financial assets structure been improved‘ Can the existing...

Using the sample of Chinese publicly listed companies from 2008-2018, we find that the firms whose managers are covered by Directors’ and Officers’ Liabilities Insurance (D&O insurance) are more likely to have better performance in their corporate social responsibility (CSR) activities. The...