Engendering greater regulatory scrutiny and political costs, client publicity can expose auditors to higher risks. Using the changes in clients' publicity caused by their controlling owners' presence on the Hurun Rich List (rich listing) in China, we test the hypothesis that auditor conservatism...

Using a sample of Chinese stocks, we demonstrate that liquidity and price movements in stocks with investor leverage can spill out to other stocks within a day causing the intraday lead-lag relations in stock markets. In addition, we provide evidence suggesting that leverage positions in...

Explanations for the distress puzzle are highly controversial in the literature. This study uses stocks listed in Chinese equity markets to investigate the puzzle. This study employs “special treatment” stocks as proxies for near bankruptcy firms to estimate distress risk by the Ohlsen...

An increasing number of environmental threats towards tourism landmarks have significantly raised public concerns about tourists being environmentally responsible. Negative ecological consequences from tourism-related activities have triggered the growing usage of environmental-focused events...

Price limit is a prevalent policy that intends to control significant volatility in financial markets. In the financial markets with price limit, the trades will be prevented from occurring outside the specified price bands. This paper analyses and compares the effectiveness of three price limit...

Using a sample of publicly listed firms from 2004 to 2018 in China, we find that the shareholder interlock directors, who jointly hold board positions both in the listed firm and their shareholding firms, can have a positive influence on the performance and governance of the listed firm. Our...

Adverse client publicity can entail regulatory scrutiny over audited financial statements and impose political costs on auditors. We use the changes in client publicity caused by their controlling owners’ presence on the Hurun Rich List (the rich listing) in China to test the hypothesis that...

Using data collected by the World Bank, we empirically investigate the relationship between Chinese manufacturers' supply chain attributes, raw material and finished goods inventory turnover, and return on sales. Our findings indicate that location proximity, relationship continuity, and the...