The paper examines the impact and mechanism of statutory pension insurance contribution rates on firms' ESG performance. High contribution rates significantly reduce ESG performance, and our finding remains robust after robustness tests. We explain how social security contributions undermine ESG...

The Anti-Monopoly Law serves as a competition policy to correct market order, providing a favorable institutional environment for corporate governance. We use China’s listed companies and a difference-in-difference strategy to examine the impact of the Anti-Monopoly Law on executives’ excess...

We attempt to examine the impact of the social security contributions on firms' market performance in the context of the 2010 Social Security Act. Using a sample of Chinese A-share listed firms, we use a difference-in-difference strategy to identify a causal relationship between the impact of...