More and more Chinese-listed companies report the loss of controlling shareholders in recent years. This seems to be a boon to the Chinese capital market, which is plagued by tunnelling from controlling shareholders. Employing the absence of controlling shareholders as a novel event, this study...

Purpose: The purpose of this paper is to investigate whether regulatory restriction on executive compensation in Chinese state-owned enterprises is beneficial to firm performance. The authors also examine the role of monitoring mechanisms in offsetting the effect of compensation restriction....

Using Facebook data on social connections, we identify the crucial role online social networks play in crowdfunding markets. Investors are 41.5% more likely to fund projects that their social network peers support and are 11.2% more likely to fund projects from regions to which they have strong...