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This paper empirically examines the relation between corporate risk-taking and the organizational level with which internal auditing is affiliated in Chinese listed firms. Using a sample of 1,806 firm-year data available from 2007 to 2009, we find that Chinese corporate risk-taking is only...
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Han and Lesmond (2011) find that stock liquidity, namely bid-ask bounce, affects the pricing of idiosyncratic volatility. Following Ang et al. (2009) and Han and Lesmond (2011), we investigate the pricing of idiosyncratic volatility and liquidity-adjusted idiosyncratic volatility over the period...
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