We examine corporate philanthropic decisions in response to the local spread of COVID-19. From a strategic perspective, firms may proactively undertake philanthropic efforts to limit the spread of the pandemic and avoid a degraded business environment. From the perspective of non-trivial costs,...

One institutional feature behind China's spectacular economic growth is its political selection system, which it uses to promote officials who are capable of growing local economies. Against this backdrop, we examine how political turnovers cyclically influence firms' tax avoidance behavior....

In China’s political selection system, officials capable of growing local economies are rewarded with promotions. Eager to demonstrate economic achievements, newly appointed local leaders may raise tax revenues to expand fiscal expenditures on infrastructure projects. Against this backdrop, we...

In China's transitional economy, one of the major objectives of the government is to maintain social stability. We hypothesize that, through state ownership and appointment of executives, Chinese government officials can influence firms' labor-employment decisions by limiting layoffs when firms'...

In Chinese culture, the listing order (the ranking) of individuals reflects their social status and power accorded in an organization. Unlike other countries where corporate executive names are usually listed alphabetically in the annual reports, Chinese public companies' listing order of...

In Chinese culture, the listing order (the ranking) of individuals reflects their social status and power accorded in an organization. Unlike other countries where corporate executive names are usually listed alphabetically in the annual reports, Chinese public companies' listing order of...