We examine the impact of managerial sentiment on analysts' following decisions and earnings forecast accuracy. By analyzing the textual tone of management discussion and analysis sections in annual reports to capture managerial sentiment, we find that when managerial sentiment is more positive,...

This paper examines the influence of enterprise digital transformation on safety production performance. Our results indicate that digital transformation significantly improves the safety performance of China's listed enterprises. Furthermore, a series of cross-sectional analyses confirm that...

We examine the impact of second-generation involvement (succession) in family firms on firms’ green innovation. Our findings suggest that second-generation succession adversely affects green innovation. We also report that a family firm’s changes in loans, government subsidies, and research...

Purpose: This paper aims to investigate the impact of executives’ self-interested behaviors induced by the pay bandwagon on stock price crash risk in Chinese listed firms and attempt to shed light on the influencing channels of this effect. Design/methodology/approach: The empirical analysis...