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Receiving punishment from regulators for corporate fraud can affect financing contracts between a firm and its bank, as … both the firm’s credit risk and information risk increase after punishment. By focusing on Chinese firms’ borrowing … behavior after events of corporate fraud, we find that firms’ bank loans after punishment are not only significantly lower, but …
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This paper investigates whether corporate social responsibility active (CSR active) firms operate dissimilarly from other firms in their financial reporting. Specifically, we examine whether the corporate social responsibility (CSR) attitude of a firm sways its reporting incentives, in respect...
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