We examine how forecast behaviors of East Asian financial analysts would change in the face of the escalated crimes against Asians amid the COVID-19 pandemic. Using a Difference-in-Differences approach, we demonstrate that the forecast quality of East Asian analysts deteriorates during the...

This study aims to empirically examine how the innovation activities would change in face of shocks stemming from heightened US-China tensions for US high-tech firms from trade sectors with China. It is found that although the overall innovation intensity drops during periods of heightened...

This paper examines the impact of internal governance on a CEO's investment cycle. Extant literature defines internal governance as the mechanism by which senior executives help discipline the CEO to maximize shareholder value. Weisbach (1995) finds that a year or two before the CEO retires, the...

This study investigates the impact of delegation structure of the top management team upon the quality of corporate voluntary disclosure on financial outcomes. The paper develops two competing hypotheses pertaining to the functional relationship between the degree of delegation and the...