We evaluate the association between social networks and household income using a panel dataset of representative households in China constructed from the 2011 and 2013 waves of the China Household Financial Survey (CHFS). The results show that social networks are positively associated with the...

We evaluate the economic consequences of the performance commitment clauses for acquisition deals from 2007 to 2017 in China. We find that acquisition aggressiveness is positively associated with failure of delivering performance commitment. Such effect is alleviated in cash-paid deals but is...

We evaluate the association between intangible intensity and stock price crash risk for U.S. listed firms from 1983 to 2017. The results show that intangible-intensive firms are associated with high crash risk. The decomposition of intangible intensity identifies goodwill as the driving force...