Applying the difference-in-differences method, we show that high-speed rail (HSR)
construction improves investment efficiency in China. The effect is more pronounced for …

Global businesses are facing increasingly significant climate risks. Firms with ESG
controversies will likely suffer from higher financing costs and inadequate investment …

To the best of our knowledge, this is the first study to examine the effect of pilot green
financial reform and innovation zones on corporate investment efficiency. To this end, we …

Based on China's mandatory requirement for listed firms to implement online voting in their
annual general shareholder meetings, we investigate whether and how minority …

This paper studies the impact of green disclosure on firm investment efficiency, leveraging a
policy experiment in China. Since 2012, the Chinese government has begun to implement …

Corporate failure suggests that weak corporate governance leads to frail institutions and
exposes them to severe crises. Asian countries have faced financial crises in three different …

Previous studies on developed economies have shown that firms with more research and
development (R&D) activities tend to hold more cash. In a transitional economy, such as …

FinTech brings new technology, and thus promises to improve financial services of
sustainable finance to brown firms. We study the mixed impacts of FinTech and sustainable …

Using the online voting policy in Chinese market as a natural experiment of minority
shareholders protection, this paper explores the relationship between minority shareholders …

Extant literature has under-theorized the equity market consequences of green credit reform.
Our study addresses this gap by investigating the impact of green credit reform on stock …