This study examines how macroeconomic performance competition is related to the investment allocation at firm level. We use different GDP competitions as proxies of dynamic macroeconomic condition. We find that the effect of GDP competition on fixed assets investment is significantly positive....

In this paper, we investigate how moral attitudes across top executives related to CSR practices and what consequences it has on earnings quality. We find that firms run by military executives are significantly more likely to engage in CSR activities. Specifically, military executives have a...

This paper examines whether government intervention plays an important role in determining corporate investment allocations and efficiency in China. We find that the government tends to intervene to promote corporate investment in fixed assets, equity in other state owned enterprises, and...

This study examines the link between foreign business norms and corporate social responsibility (CSR) in China. Using the information of directors' foreign background, we find that firms which hire directors with social norms from overseas engage more in CSR, and specifically realize better...

We examine the female executives and their impact on corporate financial policies, including investment decision, external financing, quality of internal control and cost efficiency. We find that those female executives who are risk aversion invest less in expenditure investment decision and...