By combining data from 1,055 local government leaders who had been required to move with data on 1 million firm land transactions from 2006 to 2016 in China, we find that firms followed their headquarter prefecture politician's move by purchasing 76% more land parcels, with 54.52% lower unit...

As air quality has deteriorated, corporate environmental information disclosure (EID) has received extensive attention. We examine how air quality and institutional investors affect corporate EID under China's New Environmental Protection Law (NEPL). We show that air quality's effect on EID...