Using a large sample of Chinese public listed firms from 2014 to 2021, we examine whether firms’ ESG performance inhibits corporate fraud. We find that high ESG performance mitigates corporate fraudulence. After conducting a series of robustness tests, the results remain unchanged. This...

This study examines whether and how risk disclosures in Management Discussion and Analysis (MD&A) affected the stock price crash risk of China's publicly listed firms over the period of 2017-2021. The empirical results show that risk disclosures within the MD&A section are signif‑ icantly and...