[HTML][HTML] Mandatory CSR expenditure and stock market liquidity

PP Roy, S Rao, M Zhu - Journal of Corporate Finance, 2022 - Elsevier
We investigate the nexus between corporate social responsibility (CSR) and firms' stock
market liquidity. Using actual firm-level CSR expenditure data and a quasi-natural …

Do academic independent directors matter? Evidence from stock price crash risk

H Jin, Z Su, L Wang, Z Xiao - Journal of Business Research, 2022 - Elsevier
This study examines the effect of academic independent directors (AIDs) on firm-specific
stock price crash risk. AIDs reduce future crash risk by improving the quality of financial …

[HTML][HTML] Corporate culture and firm resilience in China: Evidence from the Sino-US trade war

S Cheng, X Hua, Q Wang - Pacific-Basin Finance Journal, 2023 - Elsevier
Prior literature shows that corporate culture matters for firm performance and enhance
corporate resilience in crises. We construct a text-based measure of corporate culture for …

Social capital and the riskiness of trade credit

HL James - Journal of Behavioral and Experimental Finance, 2023 - Elsevier
This paper investigates how social capital, defined by the strength of civic norms and the
density of social networks, affects firms' trade credit risk. The results show that social capital …

[HTML][HTML] Environment-specific political risk discourse and expected crash risk: The role of political activism

S Rahman, E Sinnewe, L Chapple - International Review of Financial …, 2024 - Elsevier
This study examines whether greater discourse on environment-specific political risk (EPR)
in earnings conference calls (ECCs) has a favourable effect on firms' information …

Firm innovation and covenant tightness

Z Ma, KE Novoselov, D Stice, Y Zhang - Review of Accounting Studies, 2024 - Springer
This study explores the association between firm innovation and loan covenant strictness.
We find that lenders construct stricter contracts for firms filing more patents, consistent with …

Do social ties between two signatory auditors affect audit quality and firm value?

X Chen, JJ Chen, JZ Xiao - Accounting and Business Research, 2025 - Taylor & Francis
We explore the effects of social ties (including alumni relations, regional connections and
employment affiliation) between the two signatory auditors (engagement and review …

The impact of economic policy uncertainty on manager sentiment: evidence from Chinese non-financial listed firms

H Ma, X Sun, M Zhang, E Elahi - Applied Economics, 2024 - Taylor & Francis
In this study, we investigate the link between economic policy uncertainty (EPU) and
manager sentiment. Analysing a comprehensive dataset of Chinese non-financial listed …

[HTML][HTML] A Global Study of Climate Uncertainty and Carbon Assurance

L Luo, J Zhang - The British Accounting Review, 2024 - Elsevier
Measurement, verification, and reporting of carbon emissions is essential for climate
management. However, research on carbon assurance is limited. To address this gap, we …

Analyst coverage and corporate financing

G Dong, C Tian, X Wang, S Wang - Finance Research Letters, 2024 - Elsevier
This paper selects the data of listed companies from 2012 to 2021 as the research sample to
explore the relationship between analyst coverage and corporate financing decisions. It is …