This paper investigates the free cash flow productivity of SOEs compared with non-SOEs and examines its possible determinants. We find that SOEs have slightly weak free cash flow productivity but significantly stronger than non-SOEs. Similar performance exists among commercial class I and II...

The growing expenses, dependence on IT for business operations, and growing requirements regarding related party transaction (RPT) reporting impose the need for increased attention to this area. The paper’s objective is to examine the nature of RPTs, identified by auditors as a key audit...

Solving the risk of zombification of enterprises and relieving their business difficulties, as a key element of supply-side structural reform, is the pain point of the conversion of old and new dynamic energy and the difficulty of economic transformation and upgrading. In the Internet era, the...

The upward trend in women’s representation on executive and supervisory boards of major companies in Germany continued in 2022, although the overall momentum has slowed yet again. Growth on executive boards in particular has slowed, as the most recent DIW Berlin Women Executives Barometer...

Many companies in Germany must provide information beyond financial figures in their annual reports. For some years now, legislators have increasingly required information on non-financial aspects, such as the shares of women in leadership positions. Using a quantitative text analysis of annual...

The aim of this study was to examine the moderating effect of ownership concentration (OC) on the relationship between impactful female directors and earnings management (EM). The study concentrated on firms with the lowest positive earnings, measured by return on assets. The results showed that...

This study aimed to examine the interaction effect of the nomination committee's effectiveness on the board of directors' characteristics and firm performance (measured by return on assets and earnings per share). The nomination committee was scored for committee separation, size, independence,...

Research on the impact of audit quality on earnings persistence is of interest to managers, investors, and researchers. However, the results have been inconsistent. Therefore, this study was undertaken to examine the link between audit quality and earnings persistence with audit firm size as a...

This study was aimed at assessing the moderating effects of state ownership and chief executive officer (CEO) duality on the relationship between internationalisation and the performance of listed firms in the Hanoi Stock Exchange (HNX). A detailed panel data set of listed firms between 2009 and...

The authors view board structures as an adaptive institution that responds to the key challenges faced by public companies: helping management solve the problems of production and organization of large‐scale enterprise; limiting managerial agency costs; serving as a delegated monitor of the...

This paper explores the relationship between corporate social responsibility (CSR) and timeliness of goodwill impairment. Goodwill impairment occurs when a company pays more than book value to acquire an asset, creating goodwill, and then the value of that asset declines, resulting in goodwill...

We show that private firms that go public in the U.S. create positive information externalities for their already-listed peers: their IPO filings improve their peers’ trading liquidity directly, by reducing information asymmetry, and indirectly, by crowding in both voluntary disclosure and...

This research focused on exploring capital structure that would have an impact on the Vietnamese company's profitability. Theoretically, we apply agency theory which mentions the separation of ownership and management, which leads to the problem when the managers act in their own interests...

The purpose of this study was to analyze the impact of financial performance on the tone used in the chief executive officer (CEO) statements of South Africa's (SA) top 40 JSE-listed companies in the 2021 financial year. This study implements the quantile regression analysis and the generalized...

This paper studies the operations and financial valuations of 13 cryptocurrency mining companies that are listed on the NASDAQ stock exchange and have facilities in North America. We find that miners using Texas wind power are offline more than other miners, in a more erratic pattern, while...

This study aims to examine the effect of family control on the corporate financing decision of firms in Pakistan. This study uses the annual data of 100 non-financial firms listed at PSX for the period 2005-2012. To estimate the impact of family control on the corporate financing decision, we...

In the context of the digital economy, digital innovation has become an important driving force for companies to improve firm value. Following the guidelines of the Statistical Classification of Digital Economy and Its Core Industries (2021), this paper uses patent data to construct indicators...

Using a panel of 6,737 US firms over the period 1980-2019, we are the first to explore the role of firm-level drivers in corporate cash policy applying machine learning models. We find that tangible assets and R&D spending contain information about cash holdings when they are considered both...

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...

This paper investigates the effect of sustainable labour practices on the financial performance of listed premium board firms in Nigeria between years 2012 – 2020. This is done with a view to determine how the labour practices policy adopted by Nigerian firms influences financial performance;...

Purpose- The-Study has aim to investigate how different board diversity attributes like age, gender, education and experience effect on firm-performance of non-financial-firms that is listed in Pakistan-stock exchange (PXS).Design/methodology/approach- A total of 100 non-financial firms listed...

This paper examines that analyst network reputation shapes information efficiency in the stock market. Using a analyst-firm pair dataset from the Chinese Stock Exchange from 2011 to 2021, analyst network reputation is constructed by multi-attribute decision making and synthetic evaluation...

This paper examines the stock market response to the establishment of M&A funds by Chinese listed firms and the investments made by M&A funds. Our results show that the establishment of M&A funds by listed firms in general do not create value. Even after these M&A funds make investments, there...

Saudi Arabia has now opened its markets to foreign investors in line with its strategy to diversify its economy. However, investors need to feel confident that Saudi enterprises are being monitored and regulated appropriately. This study identifies the impact of improvements in Saudi corporate...

We study recent developments on the ownership of listed German firms. Based on a large panel with 9,501 firm-year observations spanning the period 2006-2021, we document four key results: (i) holdings of institutional investors gain in importance in German listed equity, (ii) foreign investors,...