This paper examines the association between firms' political connection and their voluntary disclosure on government subsidies using a sample of Chinese non-state-owned enterprises. For the sample period 2007-2016, we find that politically connected subsidy-receiving firms provide a lower amount...

This paper examines the effect of anti-subsidy investigation and penalty (through countervailing duties) on disclosure of government subsidy information by Chinese listed firms. We find that firms reduce disclosure of subsidy information when their exported products are facing anti-subsidy...

Population ageing leads to labour scarcity and labour market rigidity. Contrary to supply-side economists’ belief that labour market rigidity tends to suppress firm innovation, we provide novel evidence of a positive relationship between population ageing and firm innovation in China. This...

This paper investigates whether risk-related disclosure, which includes aggregate risk disclosure and its tone , including upside and downside risk disclosures, is value relevant for investors in the UK market. Based on 1,941 firm-year observations for nonfinancial firms listed on the FTSE...