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This paper investigates the association between related party transactions (RPTs) and stock price crash risk in China. Our investigation is motivated by controversy in the RPT-literature over whether RPTs are value-enhancing or opportunistic. Through the lens of stock price crash risk, we reveal...
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Using the degree of a son-preference culture (SPC) in an area as a measure of local firms’ nontokenism motives to appoint female directors, this paper examines how the value impact of women’s representation on boards (WROB) varies across different motives of female director appointments in...
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This paper takes the public companies as a sample during 2012-2017, using DID analysis to test the relationship between 2015 new 'Environmental Protection Law' and zombie companies. The results show that the promulgation of the new environmental protection law has significantly negative with...
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