We study the dynamic causal effects of the shareholding ratio of controlling shareholder on tunneling behavior in China. We use control-right-transfers as the event to conduct the study. We obtain 394 control-right-transfer samples in China corporate control market from 2001 to 2008. We use...

We examine the relation between local political corruption and firms' financial reporting conservatism using provincial-level data on corruption in China. The results show that firms in more corrupt regions report more conservatively. In other words, firms in the more corruption-prone regions...

We study the dynamic causal effects of the shareholding ratio of controlling shareholder on tunneling behavior in China. We use control-right-transfers as the event to conduct the study. We obtain 394 control-right-transfer samples in China corporate control market from 2001 to 2008. We use...

This paper studies the merger and acquisition ("M&A" hereafter) in the Internet industry, and constructs a theoretical model to anatomize the motivations of the M&A and the factors that impact the performance of M&A. The model analyzes three motivations on M&A: Synergistic Effect Motivation,...

Hastened by triangle trade patterns, exchange of immediate goods and inward foreign direct investment have become the main channels to achieve technical spillover. Based on regional inward capital data and classified traded goods, we examine causes of innovation in the context of inward foreign...