We examine the impact of compensation-related comment letters (hereafter CCLs) issued by the U.S. Securities and Exchange Commission (the SEC) on excess chief executive officers’ (CEO) compensation. We find that changes in compensation in the two-year window surrounding the release of CCLs are...

Several studies addressing the supply and demand for food in China suggest that the nation can largely meet its needs in the coming decades. However, these studies do not consider the effects of climate change. This paper examines whether near future expected changes in climate are likely to...

The overall goal of our paper is to better understand the development of groundwater markets in northern China. In particular, we focus on the factors that determine the development of groundwater markets in our attempt to explain their 'breadth' and 'depth.' Based on a survey of 24 randomly...

Several studies addressing the supply and demand for food in China suggest that the nation can largely meet its needs in the coming decades. However, these studies do not consider the effects of climate change. This paper examines whether near future expected changes in climate are likely to...

This study draws on the investor protection literature to examine differences in a country's information environment that are likely to explain cross country variation in the extent to which macroeconomic forecasters take account of current earnings when forecasting future growth in GDP. Using a...

Several studies addressing the supply and demand for food in China suggest that the nation can largely meet its needs in the coming decades. However, these studies do not consider the effects of climate change. This paper examines whether near future expected changes in climate are likely to...

Nitrous oxide (N 2 O) production and consumption occur concomitantly in the soil and their accurate quantification as the gas diffuses in situ under high background concentration of atmospheric dinitrogen remains largely elusive. This study designed an analytical and reliable approach for...

Macroeconomic analysts have been found to not take full account of aggregate accounting earnings when forecasting future growth in U.S. gross domestic product (GDP). Using Australian data, we confirm this finding and find that the association between aggregate earnings and GDP growth is robust...

The general intuition is that corporate corruption, as a violation of legal and ethical principles, is contrary to corporate social responsibility (CSR), which signifies firms’ willingness to do the right things. However, we find evidence of the opposite in China—corruption positively...

A bulk of extant literature suggests that corruption impedes innovation. However, we document the opposite evidence in China—corruption in the form of greasing money enhances corporate innovation outcomes. Our identification strategy exploits China’s anti-corruption campaign as a shock to...