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This paper investigates whether top executives’ dependence on social connections has an impact on the information environment of listed companies. Specifically, this paper explores the role of school ties between firms’ and suppliers’ top executives on management earnings forecasts, an...
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investment decisions. If managers find customer demand forecasts a more direct and less noisy signal of investment opportunities … than stock prices, managers may shift some weight away from stock prices when making investment decisions. Using novel hand …
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Although China tends to be an important topic in election campaigns, the consequences of this rhetoric have not been … systematically examined. We highlight the process by which China uses campaign rhetoric to make inferences about the intentions of … assessments. In turn, three patterns define Chinese policy toward new administrations: proactive engagement when campaign rhetoric …
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