Based on the risk hedging perspective, this paper examines the impact of directors' and officers' liability insurance (hereafter referred to as D&O liability insurance) on the pricing of corporate bonds. We find that the purchase of D&O liability insurance can effectively reduce corporate bond...

Does the political regime of a country influence its involvement in international trade? A theoretical model that predicts that autocracies trade less than democracies is developed, and the predictions of the model are tested empirically using a panel of more than 130 countries for 1962–2000....

Purpose This study aims to test the link between enterprise digital transformation and technological innovation and the mechanisms and channels behind this link. Design/methodology/approach This study systematically examines whether and how enterprise digital transformation affects technological...

Purpose The purpose of this paper is to explore the impact of ChatGPT on the development of corporate social responsibility (CSR). Design/methodology/approach Based on the current applications of ChatGPT in enterprises and existing challenges in CSR, the paper analyzes how the tool promotes...

Purpose Green transition is a long-term direction of corporate development that can achieve sustainable corporate development. This study aims to investigate whether state ownership promotes corporate green transition by mitigating managerial myopia and the impact of environmental regulations,...

In 2001, the US moved to regulate internal control reporting by management and auditors. While some jurisdictions have followed the lead of the US, many others have not. An important question, therefore, is the relevance of internal control to stakeholders. The more specific issue of the...

This paper investigates the relationship between corporate financialization and asymmetric cost behavior using the Chinese listed companies over the period of 2009-2017. To examine the heterogeneous impacts of corporate financialization on asymmetric cost behavior, the paper analyzes the...