The literature offers three views on the effect of stock liquidity on accruals-based earnings management. According to the takeover threat view, stock liquidity makes a firm prone to hostile takeovers and thereby spurs its managers to use accruals-based earnings management to move stock price...

This paper investigates the impact on the risk of a crash in the stock price (SPCR) of a hometown connection between a firm's chief executive officer (CEO) and suppliers. Using manually collected data on CEOs' hometown connections among Chinese A-share companies (A-shares, or RMB common shares,...

We find a positive effect of quasi-indexer ownership on financial statements comparability. Using the annual Russell 1000/2000 index reconstitution as an exogenous variation in quasi-indexer ownership, we show that the positive effect seems to be causal. We interpret our finding as evidence...

We find that the perverse effect of equity incentives on financial misreporting is weaker for older chief financial officers (CFOs) than for younger CFOs. We attribute this to differences in risk preferences associated with age. Consistent with our attribution, we find that the difference is...

The objective of this research was to determine the effect of residential racial segregation on all-cause and cardiovascular disease mortality in New York City. A cross-sectional study of residents in New York City was conducted linking mortality records from 1988 through 1994, to the 1990...

The purpose of this paper is to contribute to a better understanding of Chinese health care regulation in an era of transition. It describes the major health care regulatory institutions operating currently in China and analyzes the underlying factors. The paper argues that in the transition...

China and India are both attempting to create comprehensive healthcare systems in the context of rapid but uneven economic growth and rapidly changing burdens of disease. While in each country the referencing of international policies and work experience abroad have been part of this process,...