The paper discusses the nature of the regulatory regime in transition for managing state-owned enterprises (SOEs) in China, and how changes in such a regime with shifting political environment influences regulators’ incentives and through which firms’ performance. We find that the landmark...

Using a hand-collected database of Shenzhen Stock Exchange listed firms from 2013 to 2015, we examine the key characteristics of firms’ private meetings and their effects on analysts’ reports. We find that the short-term earnings forecast is more accurate and less optimistic during hosting...

In this paper, we explore what factors drive expected corporate bond returns all over the world. With a novel dataset, and utilizing machine learning models, we find there is strong predictability of corporate bond returns in international markets. However, the documented factors that drive...