Using different U.S. states’ staggered adoption of a legislative change that makes it easier for shareholders to compel firms to switch to a majority voting system, we find that this legislation leads to more income-increasing earnings management. This finding is consistent with firms...

Although constituency statutes were enacted in 35 U.S. states from 1984 to 2016 to protect the interests of employees, customers, and suppliers, research has yet to empirically verify whether customers actually benefit from such laws. A game theory model suggests that product quality improves...

The authors report the results of a review of the Chinese-language and English-language literatures on service delivery in China, asking how well China's health care providers perform, what determines their performance, and how the government can improve it. They find current performance leaves...

In China, health care providers have traditionally been paid fee-for-service and overprescribing and high out-of-pocket spending are common. In this study, township health centers in two counties were assigned almost randomly to two groups: in one, fee-for-service was replaced by a global...

In China, health care providers have traditionally been paid fee-for-service and overprescribing and high out-of-pocket spending are common. In this study, township health centers in two counties were assigned almost randomly to two groups: in one, fee-for-service was replaced by a global...

ABSTRACT The introduction of the New Cooperative Medical Scheme (NCMS) in rural China has been the most rapid and dramatic extension of health insurance coverage in the developing world in this millennium. The literature to date has mainly used the uneven rollout of NCMS across counties as a way...