This study examines how the Delta variant wave of COVID-19 affects the cash holdings of state-owned enterprises (SOEs) in the context of China. Using a difference-in-difference method, we show that SOEs might increase their cash holdings after the Delta variant wave; rigorous government epidemic...

The COVID-19 crisis has brought about unprecedented government actions around the world. Given the background of rigorous government epidemic controls, how firms respond to COVID-19 is still underexplored. Integrated with the government response view, we examine whether CSR can act as a stock...

Purpose This study aims to explore whether investors’ inattention is associated with firms’ environmental, social and governance (ESG) decoupling, which is defined as the misalignment between the implementation and incorporation of ESG policies. Design/methodology/approach Focusing on a...