The reform of China’s one-child policy allows families to have more children and thus may affect anticipation of intergenerational succession of family businesses and drive family firms to improve their corporate social responsibility (CSR). Using a difference-in-differences design, we find...

Following the financial crisis and recent recession, the center of gravity of global economic growth and competitiveness is shifting toward emerging economies. As a leading and increasingly influential emerging economy, China is currently attracting the attention of academics, practitioners, and...

This study examines the impact of information environment in capital markets on a firm’s stakeholder paradigm. We integrate research on time horizons with stakeholder theory to unravel both the choice between shareholder diagram and stakeholder diagram, and the choice between generic and...

Sustainability is now an essential objective for all organizations, enabling them to resist adverse shocks and thrive in a disruptive world. This Research Handbook provides expert coverage and practical tips on a wide array of pertinent issues related to current finance and sustainability...

Governments, regulatory authorities and corporate governance bodies around the world have recently stressed the importance of practices and standards that help move forward toward sustainable economic models. This noticeable trend, nurtured in the aftermath of the numerous accounting frauds and...

We present theory and evidence on the careers of high-tech entrepreneurial founders prior to obtaining venture capital (VC), and after VC exit. Prior to obtaining VC, entrepreneurs may have started other ventures, worked as a salaried employee in a startup, or worked for a large company. Upon VC...

We examine whether the variation in the individualism-collectivism dimension within the U.S. affects labor investment efficiency. Using the collectivism index developed by existing literature, we find that firms headquartered in collectivist states are more likely to deviate from the optimal...