Abstract Research Question/Issue Over the last decades, research on the relationship
between national institutions, governance mechanisms, and firm outcomes has been …

Leveraging as a quasi-natural experiment the staggered passage of universal demand laws,
which raise the difficulty of shareholder lawsuits, we examine the effect of shareholder …

Climate change is causing increasing uncertainty for countries' economic growth and carbon
emission control has become a global consensus. The People's Bank of China introduced a …

We review the literature on the consequences of US state-level local regulations for various
corporate outcomes in the accounting, finance, and corporate governance domain. We …

This research examines the relation between shareholder litigation and corporate social
responsibility (CSR). Exploiting exogenous changes in shareholder litigation rights following …

This paper explores the financing effect of environmental regulation in view of the cost of
debt. Using a sample of Chinese A-share listed firms from 2010 to 2016, we document that …

This study investigates the (unintended) effects of public subsidies for research and
development (R&D) on the debt financing of small and medium-sized enterprises (SMEs) by …

Abstract Research Question/Issue We argue that findings regarding litigation risk in the
United States are not applicable in the Chinese context because Chinese firms are more …

We exploit the staggered adoption of universal demand (UD) laws, which hinders
shareholders' rights to initiate derivative lawsuits, by 23 states in the United States from 1989 …

Using a difference-in-differences methodology, this paper finds that greater stakeholder
orientation due to the adoption of non-shareholder constituency statutes, which allow …