This article summarises the development and use of intelligence tests in China. Part one introduces the historical development of testing in China and notes Western intelligence tests which have been adapted for use in China, as well as those developed by Chinese psychologists. Part two reviews...

Purpose: This paper analyzes the effect of corporate tax cuts on the competitiveness of the tax-cutting countries and neighbor countries. Design/methodology/approach: This study utilizes four significant corporate tax reforms among the OECD countries in Europe that offer a one-time tax cut of...

Motivated by SEC regulations requiring a majority of independent directors on corporate boards, we examine director informativeness and ability by observing the trading performance of independent directors who serve on multiple boards. As a proxy for informativeness, we find positive trading...

We examine the effect of the Private Securities Litigation Reform Act of 1995 and the Securities Litigation Uniform Standards Act of 1998 on analyst recommendations. We refer to these acts as the Reform, which addresses the safe harbor provision for forward-looking information. After controlling...