A large stream of research has analyzed the effects of corporate political connections
(CPCs) on firms, including first evidence on their effects on financial reporting behavior …

The short-term event study method, grounded in the Efficient Market Hypothesis, is one of
the most widely used tools for quantifying the impact of a specific event on a firm's …

Resource dependence theorists argue that boards of directors with political capital can
benefit focal firms by reducing uncertainty and providing preferential resources. Here, we …

In this study, we investigate how informal institutions, namely, chief executive officers'
hometown connections with suppliers, impact firms' access to trade credit. Using unique …

We examine whether social ties between engagement auditors and audit committee
members shape audit outcomes. Although these social ties can facilitate information transfer …

We show how board diversity influences stock price crash risk. By classifying board diversity
into relation-oriented diversity (gender and age) and task-oriented diversity (tenure and …

As a financial innovation driven by digital technology, FinTech has a significant impact on
the traditional financial system and the real economy. Existing studies mainly focus on the …

Using data on China's split-share structure reform that floats non-tradable shares, we find
that Qualified Foreign Institutional Investors (QFIIs) have greater influence over the …

This study examines the effect of family control on the cash holding policy in China. We find
that family firms with excess control rights tend to have high cash holdings that are tunneled …

This study investigates whether earnings management reduces the level of value relevance
and whether good corporate governance restrains earnings management. Using hand …