Labor protection increases employees' stability and strengthens their monitoring role, improving firms' information environment and increasing analysts' earnings forecast accuracy. Using the implementation of China's Labor Contract Law as a quasi-natural experiment, we find that labor protection...

The carbon emission trading scheme influences firms' operation costs, which may induce resource diversion to financial investments. By using a sample of Chinese A-share non-financial listed firms that are subject to carbon emission trading pilot programs in China, this paper employs a...