The primary objectives of this research are to investigate the impact of the Securities Exchange Commission (SEC) accelerated deadline on foreign firms' 20-F filing practices and factors relating to the filing lags. Based on a sample of 338 U.S.-listed foreign firms, our results indicate that...

We examine the impact on corporate fraud of a firm’s adopting an employee stock ownership plan (ESOP) using a sample of Chinese firms. We document that ESOPs promote corporate fraud and inhibit fraud detection. The results are robust after accounting for potential endogeneity, alternative...

The Merton-type structural model, when extended to sovereign issuers, suggests a negative relationship between sovereign credit default swap (CDS) spreads and stock prices. Capital structure arbitrage strategy that exploits such relationships should foster the integration of CDS and the stock...

We examine networking effects on financial research based on a rich database of citations for all articles and editorial board membership information from a set of 23 finance journals during 1990-2010. Our findings show that a common characteristic amongst the premier journals (JF, JFE, and RFS)...

Using hand-collected data on the signature size of managers among Chinese initial public offerings (IPOs) from 2007 to 2019 to proxy for managerial narcissism, we examine how IPOs with narcissistic managers (narcissistic IPOs) impact IPO underpricing. The findings suggest that narcissistic IPOs...

We examine the impact of strategic deviance on corporate cash holdings and find that firms with strategies that deviate from their industry peers hold more cash. This pattern can be consistent with an agency motive, a precautionary motive, or both. We show that the value of cash holdings...

We study the impact of initial public offerings (IPOs) on corporate innovations in China. The findings suggest that going public significantly impedes corporate innovations by lowering overall innovation quality. For firms with shareholders selling or pledging less shares after IPO, the number...

This paper provides an account of the contributors in financial education research during 1991-2002. We present the top institutions and individuals in financial education research that were published in quot;Financial Practice and Educationquot; and quot;Journal of Financial Educationquot;. In...

This pedagogical note introduces The Essays of Warren Buffett: Lessons for Corporate America. We find the Essays are insightful and useful in the classroom. We also share our lesson plan in using the material for discussion on corporate governance and other issues. A survey result also reveals...