U.S. President Donald Trump tweets frequently to communicate his thoughts to the public. We quantitatively evaluate the impact of Trump's China-related tweets on the Chinese stock market. We find that following Trump's inauguration, his tweets with a positive sentiment significantly increase...

The rapid advancement of artificial intelligence (AI) technology has been the driving force behind the new wave of technological revolution. In this study, we examine the impact of AI technology on corporate employment decisions. Using a sample of Chinese listed firms from 2012 to 2021, we find...

Using a sample of 1,103 Chinese private-sector firms that went public during 2004-2016, we find that founders from the country’s regions with stronger collectivist cultures engage more family members as managers, retain more firm ownership within the family, and share the controlling ownership...