We study CEO successions in China and focus on the decision to appoint outsiders as CEOs. In doing so, we also differentiate our sample into SOEs (state-owned enterprises) and non-SOEs. We find that firm-specific factors can predict external successions for SOEs, but not for non-SOEs. Further,...

We study whether Chinese CEOs with financial experience engage in more earnings management or less earnings management than those without such experience. In doing so, we distinguish between accrual-based earnings management and real earnings management. Overall, we find that CEOs with financial...

We examine the effect of agency cost on the relation between top executives' overconfidence and investment-cash flow sensitivity using the data from Chinese listed companies. We find that on average top executives' overconfidence leads to increased investment-cash flow sensitivity. However, this...

Greenhouse gas emission has been scientifically shown to be the primary cause of observed global climate change. The reduction of greenhouse gas levels in the atmosphere deserves international attention. Aside from strategies to reduce emissions, increasing carbon (C) storage by forests has...

Households vary in their ability to deal with disasters, and this may lead to different recovery results. Aiming to examine this differentiation, this paper studied the 2009 Yao’an earthquake in China. Surveys of 200 destroyed rural households were conducted in field investigations and...

China has a long history of earthquake records. The Shanxi rift system (SRS) is situated along the axial zone of the domal uplift of the Shanxi Highlands and is the boundary between the Ordos block and the North China Plain block. Strong earthquakes in the SRS have been recorded since the...

Past research has suggested that the acceptance concern of lesbians, gays and bisexuals (LGB), defined as LGB individuals’ sensitivity to negative judgement and rejection associated with their sexuality, is negatively related to subjective wellbeing. However, the mechanism underlying this...

With sustained high bunker prices, new methods for choosing optimal bunkering ports to save on total operating costs have appeared in research involving liner shipping companies. Generally speaking, the bunkering port selection problem is solved by utilizing ship planning software. However, this...

We study the dynamic relation between aggregate mutual fund flow and market-wide volatility. Using daily flow data and a VAR approach, we find that market volatility is negatively related to concurrent and lagged flow. A structural VAR impulse response analysis suggests that shock in flow has a...