This paper examines how a digital economy that embraces digital technology and transformation influences the corporate green innovation. We use Chinese firms to unveil the positive relationship between the digital economy and corporate green innovation. The digital economy stimulates firms to...

This study examines the relationship between perk consumption and forced CEO turnover. The results based on Chinese firms indicate that the likelihood of forced CEO turnover increases with excess perk consumption by executives. The positive effect of excess perk consumption on CEO dismissal...

This study examines how China’s green credit policy (GCP) affects the risk profile of heavily polluting firms (HPFs). We use the difference-in-difference (DID) method to confirm that the GCP implemented in China in 2012 adversely affects crash risk (a measure of firm-specific risk of stock...

This study examines the relationship between perk consumption and forced CEO turnover. The results based on Chinese firms indicate that the likelihood of forced CEO turnover increases with excess perk consumption by executives. The positive effect of excess perk consumption on CEO dismissal...

The institutional setting of firms plays an important role in corporate risk-taking. Focusing on Chinese manufacturing firms, we show that the digital economy, which is a particular institutional setting, has a positive and significant effect on corporate risk-taking. The digital economy...