Green innovation is an effective approach to break the constraints of resource availability and environment protection that the firms face. China has set up the political inspection team to fight against corruption and deepen reform of state-owned firms in recent years. From 2013 to 2015,...

We investigate the association between fund exposure of economic policy uncertainty (EPU) and flows of exchange-traded funds (ETFs) using a unique sample of U.S. global ETFs from 2012 to 2018. We find that fund exposure of EPU is negatively associated with flows after controlling for returns,...

Using a large sample of A-share firms listed in China from 2013 to 2019, we show a positive relation between supplier concentration and firms' leverage adjustment speed. One possible mechanism of this positive relation is the monitoring role imposed by suppliers, which could mitigate agency...

Investor sentiment affects stock market liquidity by affecting noise trading and irrational market makers. Previous studies have focused on this effect with the time-series variation in sentiment and liquidity. This paper utilizes firm-specific news sentiment (FSNS) to examine its effect on...

This study examines the relationship between analyst forecast dispersion or accuracy and supplier concentration of listed firms in China from 2008 to 2019. Our findings suggest that higher supplier concentration is associated with lower analyst forecast dispersion, which can be attributed to the...