We study investors’ demand for climate-related corporate information around a high-level government announcement regarding the transition to a low-carbon economy, using China’s interactive investor platforms, where investors can submit questions directly to firms. Following the announcement...

We examine how financial reporting quality affects the degree of noise in stock returns using the setting of Chinese A-B twin shares, which are shares for the same firm, traded on the same exchange but with separate inventor clienteles (i.e., mainly domestic vs. foreign). We measure return noise...