Showing 1 - 10 of 177
This study empirically investigates the impact of energy related public environmental concerns on the pay gap within polluting companies. It uses the extreme environmental event of the PM2.5 surge at the end of 2011, which led to an upsurge in energy related public environmental concerns in...
Persistent link: https://www.econbiz.de/10014256407
This study investigates peer effects in the online peer-to-peer (P2P) lending market using data from a Chinese online lending platform (Renrendai). The empirical results indicate that peers’ greater success rate in attracting loans leads to borrowers’ greater success rate (peer effects of...
Persistent link: https://www.econbiz.de/10014256427
Persistent link: https://www.econbiz.de/10014559249
This study examines whether social capital can enhance financial stability. Specifically, we investigate the effects of societal trust on firm default risk in relation to two primary aspects. First, since lower levels of trust induce higher credit costs, it implies more severe adverse selection...
Persistent link: https://www.econbiz.de/10014254135
Although the causes of stock price crashes have been investigated, the examination of their economic consequences has been neglected. In this study, the impacts of stock price crashes on internal governance mechanisms are examined with regard to accounting conservatism in a sample of listed...
Persistent link: https://www.econbiz.de/10014256439
Since the financial crisis of 2008, financial flexibility has gradually become a crucial method employed by enterprises worldwide to resist external risks. Based on a sample of Chinese listed companies from 2005 to 2015, this study investigates the impacts of financial flexibility on firm’s...
Persistent link: https://www.econbiz.de/10014256442
This study examines the effect of industry cash flow volatility on the risks of stock price crash by investigating Chinese A-share listed companies from 2005 to 2015. Findings reveal that increases in the degree of volatility in industry cash flow significantly increase the risk of a stock price...
Persistent link: https://www.econbiz.de/10014256446
This paper examines the relationship between modern health pandemic crises and financial stability. Specifically, it collects data on 250,223 firms in 43 countries (or regions) during five modern pandemic crises, SARS (2003), H1N1 (2009), MERS (2012), Ebola (2014), and Zika (2016), and finds...
Persistent link: https://www.econbiz.de/10014258192
This study explores the influence of customer concentration on analyst following based on Chinese listed companies. Companies with higher customer concentrations have lower degrees of analyst following. The suppression effect of customer concentration on analyst following is more significant in...
Persistent link: https://www.econbiz.de/10014265100
Purpose – Confucianism underpins Chinese traditional culture and the values of the Chinese people. The purpose of this study is to examine the relationship between adherence to Confucianism and corporate irregularities. Design/methodology/approach –The authors use the historical numbers of...
Persistent link: https://www.econbiz.de/10014265101