This study examines the effect of senior executives’ academic career experience on corporate social responsibility (CSR) and further investigates how such CSR engagement dominated by academic senior executives affects firm value. Using data from China, this study reveals that firms run by...

We examine whether information manipulation by firms may reflect fundamental cooperation conventions induced by social norms in China. Consistent with this notion, we find that China’s leading social norms related to alcohol consumption and social drinking enhance earnings manipulation. An...

This study examines the impact of the financial experience among top management team (TMT) members on corporate tax aggressiveness. Based on a sample of Chinese listed firms covering the 2009-2018 period, I find that senior executives with financial expertise pursue more tax avoidance;...

This study examines how the financial experience of senior executives influences corporate social responsibility (CSR) performance and reporting activities. With a sample of Chinese listed companies over the period 2009–2018, we find that companies with senior executives with financial...

This study examines the impact of promotion-based tournament incentives on corporate labor investment efficiency. We find that tournament incentives, measured as the pay gap between the CEO and the next layer of non-CEO senior executives, lead to inefficient labor investments, measured as the...

This study investigates the relationship between the environmental strategy of state-owned enterprises (hereafter SOEs) and executive promotion in China. We partition a firm’s environmental strategy into Wordy and Nonwordy , and its environmental action into Feasance and Nonfeasance . We...

By manually collecting data on Internet-based rumors concerning COVID-19, we investigate the market reactions to the spread of such rumors and the government's refutation of them. We find that frightening (reassuring) rumors have a negative (positive) impact on investors. The refutation of...