, this study argues for the gap between the asset manager’s motivation to engage and local target firms’ readiness to respond …

effectively supervise and restrain the corporate governance of a firm, replace ineffective managers and thus improve its whole …

Purpose – Prior research has documented that managers take opportunistic timing activities to influence the exercise … not effectively limit managers' opportunistic behavior, the authors find that the abnormal returns decrease slowly until … managers opportunistically time ESO reports based on their private information. In particular, more (less) favorable (negative …

Purpose – As literatures argue that managers’ personalities will affect both corporate governance structures and … shows that both the governance and performance are results of managers’ personalities, and the governance has no influence … the key negative factors of Chinese SOEs is not state-owning ownership structure but the managers’ corruption. Practical …

which argues that managers of banks give less importance to factors such as current degree of financial leverage, the …