Shadow banking has somewhat compensated for China's lack of formal financial development. However, it may also amplify the financial system's risks, which runs counter to the initial expectation of macroprudential management. With the regulation of shadow banking in China under the New Asset...

Purpose: The purpose of this paper is to show how the external issue of economic policy uncertainty (EPU) affects enterprises’ corporate social responsibility (CSR). Design/methodology/approach: This study investigates the relationship between EPU and CSR based on the Chinese capital market...

Based on agency theory and signaling theory, we take a sample of Shanghai A-share listed companies during the period 2011-2015 and use a path analysis to construct our research models. This paper first studies the influence of financial restatement on inefficient investment, and then...