This paper examines the association between corporate philanthropy and corporate misconduct. Using panel data from China, we find a negative relationship between philanthropic engagement and the likelihood of subsequent corporate misconduct. In addition, we find that the favorable effect of...

In recent decades, the Chinese government has taken several measures to liberalize its stock market to attract foreign investment. In this survey, we describe these liberalization measures and review the research on their consequences. In analyzing this literature, we focus on two dimensions:...

This paper examines the role played by internal control and its five components (i.e., control environment, risk assessment, control activities, information and communication, and monitoring) in alleviating future stock price crash risk. Using a unique dataset from China, we find evidence that...