Drawing on both a managerial-discipline perspective and an information-intermediary perspective, we explore how media coverage of a firm's controlling shareholder influences firm valuation in corporate China. Using 366 listed family firms in China from 2003–2006, we find that firms in which...

Motivated by recently renewed criticism of the current accrual accounting model we re-examine the extent to which cash flow and accrual accounting based measures are value relevant, and capable of explaining periodic changes in the firm's market value. Using the R square as a measure of...