Green innovation is a costly and risky process that enables firms to improve their energy efficiency and maintain sustainable growth. In this study, we investigate whether cross-listing shares in developed markets encourages firms from developing markets to engage in green innovation. By...

In today’s globalized competitive landscape several dimensions such as labour, markets and capital are integrated. As a result, companies attempt to gain inbound foreign capital. To achieve that they investigate away countries to host their operations and to trade their shares. While the...

While research on stock listing is abundant, little evidence is obtained for banks that are usually excluded from the research sample, especially for the ones from emerging markets. This paper examines the operating performance of Chinese banks surrounding the stock listing. The results show...

The quality of financial reporting shows how informative the accounting numbers are for decision-making. Because business outlook can influence financial reporting quality, this study examined predictable, moderately predictable and unpredictable business outlooks. The study randomly selected...

The popularity of the ESG investment necessitates enterprises to concentrate on sustainability values and governance capabilities. The burgeoning green bond market provides opportunities for a growing number of enterprises to achieve green transformations. Utilizing green bond issuance data from...

We investigate whether users' reputations on the sharing economy platform of Airbnb are racially biased. We do so by comparing the ratings of vacation rentals cross-listed on two sharing economy platforms: Airbnb and HomeAway. Whereas on Airbnb, the social demographic characteristics of hosts...

While cross listing is an integral part of firm visibility, no attention has been paid to domestic market institutional environment and microstructure of investor behaviour after financial market integration. This study examines the relationship between domestic market institutional quality and...

This article argues that it is time for a paradigm shift in the way we define the alternative dispute resolution (ADR) field. It suggests that the dispute system design (DSD) paradigm should succeed ADR. ADR is an ever-expanding collection of distinct dispute resolution procedures. By contrast,...

We study the causal impacts of a tick size reduction policy in highly liquid stocks, exploiting a unique experiment in Borsa Istanbul leading to substantial exogenous variation in the tick size. Adapting a differences-in-differences strategy with a novel limit order and trade book data with...

Purpose The purpose of this article is to present the results of empirical research concerning the identification of the impact of the transfer of companies from the alternative market to the regulated market of the Warsaw Stock Exchange on their operating and net performance....

Tick sizes provide a market quality tradeoff between pricing fidelity and undercutting - suggesting that the same tick size change may affect narrow and wide-spread stocks differently. Using comprehensive depth-of-book data we study the imposition and conclusion of the Tick Size Pilot (TSP)...

The Supreme Court of India in Afcons Infra. Ltd. v. Cherian Varkey had the opportunity to list down the categories of disputes that are suitable for the resolution through Alternative Dispute Resolution (ADR) processes. This article focuses on the decision of the Supreme Court of India in Afcons...

As stock-based compensation plans for executives of listed companies have come to the fore, this has sparked social controversy over stock options, one of the stock compensation schemes widely used by Korea’s companies. A stock option plan is a compensation mechanism designed to alleviate...

While research on cross-listed firms is abundant, little evidence is obtained for banks that are usually excluded from the research sample, especially for the ones from emerging markets. This paper examines the operating performance of Chinese banks surrounding the stock listing. The results...

We investigate the relationship between media attention and environmental, social, and governance (ESG) greenwashing using the data of Chinese A-share listed companies from 2011 to 2020. Our results show that media attention can inhibit corporate ESG greenwashing behavior. Moreover, this...

Although foreign institutional ownership (FIO) is generally considered as an important outcome of international cross-listings, much of the prior research ignores the iterative nature of FIO – that is, FIO may also serve as a key determinant of cross-listings. Using a comprehensive dataset of...

Waiting lists offer agents a choice between types of items with associated nonmonetary prices given by required waiting times. These nonmonetary prices are endogenously determined by a tâtonnement-like price discovery process: an item's price increases when an agent queues for it, and decreases...

This paper examines and compares the dividend policies of American depository receipt (ADR) firms and U.S. firms and identifies the factors that determine these policies for both types of companies. We find that ADR firms have higher dividend yields than U.S. firms, while U.S. firms have higher...

The U.S. stock market has long been the most popular venue for both foreign companies and global investors. The recent cross-border regulation tensions between the U.S. and China, however, have exposed many U.S.-listed China Concepts Stocks (CCS) to substantial de-listing risks, forcing them to...

This study investigates the effect of institutional cross-ownership on stock price crash risk using a sample of Chinese listed companies during the period 2011–2021. We find that institutional cross-ownership can significantly reduce stock crash risk. After a series of robustness tests, the...