We examine the relation between firms’ prior acquisition experience and subsequent acquisition performance. Based on our sample firms’ complete acquisition histories, we find that acquirers with prior experience in the target industry perform better in subsequent diversifying acquisitions,...

We investigate the economic empowerment of founders’ wives in public Chinese family firms. We show that female cofounders hold higher voting rights when their firms are headquartered in regions where gender stereotypes rooted in local social norms are less prevalent. We also find that firms...

We use a novel dataset to follow the evolution of family ownership, firm value, and firm policies for up to 25 years post IPO. Firm value, measured by Tobin’s Q, increases as family ownership decreases over time. Firms with higher family ownership invest less in R&D and have greater R&D...

Purpose: This study explores the relation among U.S. audit partners’ characteristics, their career advancement, and audit quality.Design/methodology/approach: This study uses data from PCAOB Form AP and publicly available online data sources. The hand-collected data on audit partners’...

Variation in the physical and chemical environment driven by climate change poses severe threats to the world cultural heritage. Assessing climate risk of cultural heritage is significant to their protection, especially for countries such as China which has a long history and a large amount of...