There has been a steady increase in institutional ownership of penny stocks over the past decades. Nevertheless, we show that penny stocks bought by institutional investors significantly underperform other penny stocks in subsequent four quarters. This poor performance is mainly driven by...

Using data covering over 100 birth-cohorts in 32 countries, we examine the short- and long-term effects of economic conditions on mortality. We find that small, but not large, booms increase contemporary mortality. Yet booms from birth to age 25, particularly those during adolescence, lower...

This study investigates the relation between competition among banks and their borrowers' conditional accounting conservatism (i.e., asymmetric timely loss recognition). The Interstate Banking and Branching Efficiency Act (IBBEA) of 1994 permits banks and bank holding companies to expand across...

By returning to an old insight that frames of reference influence action, we theorize that actors’ frames influence their desired HR practices, and these practices will be stable if managers and employees share similar frames. When actors’ frames are mismatched, however, HR practices can...

Nowadays digitalization has played an increasingly important role in firms’ manufacturing operations. However, the performance outcomes of a firm’s digital transformation practices are still debated. There is also a lack of quantitative research that analyzes their associations using large...

CO 2 emission reduction has become the consensus of various industries in China. CO 2 capture, utilization and storage, as an important means for CO 2 emission reduction, is one of the necessary paths to achieve carbon neutrality. Combined with the CO 2 emission of a chemical industry company in...