We explore the relation between government integrity and firms' investment efficiency in the context of China's deepening reforms and its strengthening the social credit system. We find that government integrity is positively associated with the investment efficiency of listed companies in...

As the decision-makers and implementers of a firm's financial strategy, executives play a critical role in cash holding activities, and their psychological characteristics have a major impact on cash holdings. This paper investigates the association between CEO organizational identification and...

Purpose: The purpose of this study is to examine the effects of internal audit function (IAF) quality on the operational efficiency of Chinese firms. Design/methodology/approach: The authors use regression models with a sample of Chinese listed companies to test their research hypotheses....

We consider the Potts model on a hierarchical lattice. A multifractal analysis of the Julia set associated with the renormalization-group transformation, which gives the Fisher zeros of the partition function in the complex temperature plane, is performed. The behavior of the singularity...

We have studied two generalized Frenkel-Kontorova (FK) models. In one of them the interatomic potential is changed from simple harmonic to Toda; in the other the external potential is changed from sinusoidal to nonanalytic. Their critical behaviors are found to be markedly different. In the Toda...