"Global Corporate Finance, 3rd edition written by a son-father team, introduces students and practitioners to principles essential to the understanding of global financial problems and the policies that global business managers contend with. The objective of this book is to equip current and...

This paper surveys corporate governance in China, as described in a growing literature published in top journals. Unlike the classical vertical agency problems in Western countries, the dominant agency problem in China is the horizontal agency conflict between controlling and minority...

Using a large sample of Chinese firms, we examine performance differences between firms with female and male chairs and the channels through which such differences arise. After controlling for the presence of female CEOs and non-chair female directors, we find that chairwoman firms perform...

Using unique data on board meeting types of Chinese firms, we examine the effect of remote board meetings on board monitoring effectiveness. We find that compared to face-to-face meetings, remote meetings are associated with better meeting attendance behavior of directors, higher likelihood of...

We examine the effect of nonfamily leadership in family firms, whereby family members do not act as either a board chair or a CEO, on corporate earnings management. We find that firms with nonfamily leadership conduct significantly more earnings management than firms with family leadership,...

This paper investigates whether and how the punishment of peer firm managers impacts firm misconduct. Having witnessed that peer firm managers experience adverse consequences for their wrongdoings, managers of focal firms would receive vicarious negative reinforcement, thus reducing their...

This paper examines whether analysts’ decisions to follow or visit a firm are affected by a specific governance structure—multiple large shareholders (MLS). Using a sample of 3,369 Chinese firms listed on the Shanghai and Shenzhen stock markets, we compare analyst activities for MLS firms...