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Kai Li

Not to be confused with: Kai Li

Citations

Many of the citations below have been collected in an experimental project, CitEc, where a more detailed citation analysis can be found. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. See under "Corrections" how you can help improve the citation analysis.

Wikipedia or ReplicationWiki mentions

(Only mentions on Wikipedia that link back to a page on a RePEc service)
  1. Li, Kai, 1999. "Exchange Rate Target Zone Models: A Bayesian Evaluation," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 14(5), pages 461-490, Sept.-Oct.

    Mentioned in:

    1. Exchange rate target zone models: a Bayesian evaluation (Journal of Applied Econometrics 1999) in ReplicationWiki ()

Working papers

  1. Jarrad Harford & Dirk Jenter & Kai Li, 2007. "Conflicts of Interests Among Shareholders: The Case of Corporate Acquisitions," NBER Working Papers 13274, National Bureau of Economic Research, Inc.

    Cited by:

    1. Bethel, Jennifer E. & Hu, Gang & Wang, Qinghai, 2009. "The market for shareholder voting rights around mergers and acquisitions: Evidence from institutional daily trading and voting," Journal of Corporate Finance, Elsevier, vol. 15(1), pages 129-145, February.
    2. Purkayastha, Saptarshi & Veliyath, Rajaram & George, Rejie, 2022. "Type I and type II agency conflicts in family firms: An empirical investigation," Journal of Business Research, Elsevier, vol. 153(C), pages 285-299.
    3. Vicente Cuñat & Luis Garicano, 2010. "Did Good Cajas Extend Bad Loans? Governance, Human Capital and Loan Portfolios," Working Papers 2010-08, FEDEA.
    4. Chin‐Hwa Lu & Chung‐Hua Shen & Meng‐Wen Wu & Zhi‐Wen Wu, 2010. "Cooperation Satisfaction and Performance: Empirical Evidence from Chinese Banks and Their Foreign Strategic Investors," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 18(6), pages 90-108, November.
    5. Leonce Bargeron & Frederik Schlingemann & Rene M. Stulz & Chad Zutter, 2007. "Why Do Private Acquirers Pay So Little Compared to Public Acquirers?," NBER Working Papers 13061, National Bureau of Economic Research, Inc.

  2. Kai Li, 2004. "The Growth of Global Equity Markets: A Closer Look," Econometric Society 2004 North American Winter Meetings 54, Econometric Society.

    Cited by:

    1. Richter, Nicole Franziska & Schlaegel, Christopher & Taras, Vasyl & Alon, Ilan & Bird, Allan, 2023. "Reviewing half a century of measuring cross-cultural competence: Aligning theoretical constructs and empirical measures," International Business Review, Elsevier, vol. 32(4).

  3. Kai Li & Dale J. Poirier, 2003. "Relationship Between Maternal Behavior During Pregnancy, Birth Outcome, and Early Childhood Development: An Exploratory Study," CESifo Working Paper Series 1030, CESifo.

    Cited by:

    1. Sadegh Eshaghnia & James J. Heckman, 2023. "Intergenerational Transmission of Inequality: Maternal Endowments, Investments, and Birth Outcomes," NBER Working Papers 31761, National Bureau of Economic Research, Inc.

  4. Chakravarty, Sugato & Li, Kai, 2001. "An Examination of Own Account Trading by Dual Traders in Futures Markets," Purdue University Economics Working Papers 1151, Purdue University, Department of Economics.

    Cited by:

    1. Albert J. Menkveld & Asani Sarkar & Michel van der Wel, 2007. "Macro News, Riskfree Rates, and the Intermediary," Tinbergen Institute Discussion Papers 07-086/2, Tinbergen Institute.
    2. Frantisek Kopriva, 2008. "Source of Information-Driven Trading on the Prague Stock Exchange," CERGE-EI Working Papers wp365, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
    3. Albert J. Menkveld & Asani Sarkar & Michel Van der Wel, 2007. "Macro news, risk-free rates, and the intermediary: customer orders for thirty-year Treasury futures," Staff Reports 307, Federal Reserve Bank of New York.
    4. Frino, Alex & Prodromou, Tina & Wang, George H.K. & Westerholm, P. Joakim & Zheng, Hui, 2017. "An empirical analysis of algorithmic trading around earnings announcements," Pacific-Basin Finance Journal, Elsevier, vol. 45(C), pages 34-51.
    5. Albert J. Menkveld & Asani Sarkar & Michel Van der Wel, 2009. "Are market makers uninformed and passive? Signing trades in the absence of quotes," Staff Reports 395, Federal Reserve Bank of New York.
    6. Chakravarty, Sugato & Li, Kai, 2003. "A Bayesian analysis of dual trader informativeness in futures markets," Journal of Empirical Finance, Elsevier, vol. 10(3), pages 355-371, May.
    7. Erenburg, Grigori & Kurov, Alexander & Lasser, Dennis J., 2006. "Trading around macroeconomic announcements: Are all traders created equal?," Journal of Financial Intermediation, Elsevier, vol. 15(4), pages 470-493, October.
    8. Locke, Peter & Onayev, Zhan, 2007. "Order flow, dealer profitability, and price formation," Journal of Financial Economics, Elsevier, vol. 85(3), pages 857-887, September.
    9. Chaturvedula, Chakrapani & Bang, Nupur Pavan & Rastogi, Nikhil & Kumar, Satish, 2015. "Price manipulation, front running and bulk trades: Evidence from India," Emerging Markets Review, Elsevier, vol. 23(C), pages 26-45.
    10. Menkveld, Albert J. & Sarkar, Asani & van der Wel, Michel, 2008. "Customer flow, intermediaries, and the discovery of the equilibrium riskfree rate," CFS Working Paper Series 2008/47, Center for Financial Studies (CFS).
    11. Fang Cai, 2009. "Trader Exploitation Of Order Flow Information During The Ltcm Crisis," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 32(3), pages 261-284, September.
    12. Fang Cai, 2003. "Was there front running during the LTCM crisis," International Finance Discussion Papers 758, Board of Governors of the Federal Reserve System (U.S.).

  5. Kai Li & Dale J. Poirier, 2000. "An Econometric Model of Birth Inputs and Outputs," Econometric Society World Congress 2000 Contributed Papers 0352, Econometric Society.

    Cited by:

    1. Kai Li & Dale J. Poirier, 2003. "Relationship Between Maternal Behavior During Pregnancy, Birth Outcome, and Early Childhood Development: An Exploratory Study," CESifo Working Paper Series 1030, CESifo.
    2. Li, Kai & Poirier, Dale J., 2003. "An econometric model of birth inputs and outputs for Native Americans," Journal of Econometrics, Elsevier, vol. 113(2), pages 337-361, April.
    3. Brian S. Armour & M. Melinda Pitts & Mary Beth Walker, 2011. "A decomposition of the black-white differential in birth outcomes," FRB Atlanta Working Paper 2011-01, Federal Reserve Bank of Atlanta.
    4. Malhotra, Gurleen Kaur & Dubey, Amlendu, 2025. "Increasing taxes on ‘bads’ and reducing them on ‘goods’: A double dividend hypothesis of carbon taxation," Journal of Policy Modeling, Elsevier, vol. 47(1), pages 118-133.

  6. Gary Koop & Kai Li, 1998. "The valuation of IPO, SEO and Post-Chapter 11 firms: A Stochastic Frontier Approach," Edinburgh School of Economics Discussion Paper Series 13, Edinburgh School of Economics, University of Edinburgh.

    Cited by:

    1. Koop, Gary & Li, Kai, 2001. "The valuation of IPO and SEO firms," Journal of Empirical Finance, Elsevier, vol. 8(4), pages 375-401, September.

Articles

  1. Griffin, Dale & Li, Kai & Xu, Ting, 2021. "Board Gender Diversity and Corporate Innovation: International Evidence," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 56(1), pages 123-154, February.

    Cited by:

    1. Nussbaum, Sara Luisa, 2024. "Women in leadership positions and firm innovation: Are there differences between countries?," Junior Management Science (JUMS), Junior Management Science e. V., vol. 9(4), pages 1901-1916.
    2. Felipe Arenas-Torres & Miguel Bustamante-Ubilla & Valentín Santander-Ramírez & Pedro Severino-González, 2022. "Diversity and Governance: Is There Really Progress?," Sustainability, MDPI, vol. 14(9), pages 1-14, April.
    3. Huang, Hua & Tao, Yunqing & Wang, Xueping & Feng, Chen & Ye, Yongwei, 2023. "Do board reforms in parent firms boost subsidiaries’ innovation?," Economic Modelling, Elsevier, vol. 125(C).
    4. Shi, Zhengxu & Xia, Yufei & He, Lingyun & Sun, Naili & Zheng, Qiong, 2025. "Can internal regulatory technology (RegTech) mitigate bank credit risk? Evidence from the banking sector in China," Research in International Business and Finance, Elsevier, vol. 75(C).
    5. Zhaozhen Zhu & Yijia Guo & Zhao Jiang & Xiaojun Chen, 2023. "The Perspective of Long-Term and Short-Term Incentives on the Business Environment, Executive Incentive Contracts, and Enterprise Innovation," SAGE Open, , vol. 13(4), pages 21582440231, November.
    6. Jasmin Joecks & Kerstin Pull & Katrin Scharfenkamp, 2023. "Women directors and firm innovation: The role of women directors' representative function," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 44(2), pages 1203-1214, March.
    7. Muhammad Farooq Ahmad & Oskar Kowalewski, 2021. "Board Reforms and Innovation," Working Papers 2021-ACF-03, IESEG School of Management.
    8. Xiao, Zhongyi & Horton, Joanne & Rui, Oliver & Wu, Shan, 2024. "Balancing Diversity in analyst teams: Examining the impact of informational and social Diversity on analyst team Performance," International Review of Economics & Finance, Elsevier, vol. 96(PA).
    9. Raul Barroso & Tinghua Duan & Siyue (Sarina) Guo & Oskar Kowalewski, 2023. "Board Gender Diversity Reform and Corporate Carbon Emissions," Working Papers 2023-ACF-02, IESEG School of Management, revised Apr 2024.
    10. Yu Sung Ha & Jangkoo Kang & Kyung Yoon Kwon, 2025. "CEO cultural heritage and R&D expenditures," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 30(2), pages 1390-1410, April.
    11. Kizys, Renatas & Mamatzakis, Emmanuel C. & Tzouvanas, Panagiotis, 2023. "Does genetic diversity on corporate boards lead to improved environmental performance?," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 84(C).
    12. Lei Gao & Ying Wang & Jing Zhao, 2023. "(How) Does Mutual Fund Dual Ownership Affect Shareholder and Creditor Conflict of Interest? Evidence from Corporate Innovation," JRFM, MDPI, vol. 16(6), pages 1-32, May.
    13. Yexin Liu & Yecheng Wu & Weiwei Wu, 2023. "Which kind of board benefits more from the relationship between entrepreneurial orientation and radical innovation? The asymmetric roles of board characteristics in China," Palgrave Communications, Palgrave Macmillan, vol. 10(1), pages 1-14, December.
    14. Liu, Benjamin & Johl, Shireenjit & Lasantha, Ruwan, 2023. "ESG scores and cash holdings: The role of disciplinary trading," Finance Research Letters, Elsevier, vol. 55(PA).
    15. Dorota Korenkiewicz & Wolfgang Maennig, 2023. "Women on a Corporate Board of Directors and Consumer Satisfaction," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 14(4), pages 3904-3928, December.
    16. Xueman Xiang & Carl R. Chen & Yue Liu & Azhar Mughal & Qizhi Tao, 2024. "Are directors with foreign experience better monitors? Evidence from investment efficiency," Review of Quantitative Finance and Accounting, Springer, vol. 62(2), pages 799-840, February.
    17. Nam, Hyun-Jung & Ryu, Doojin, 2025. "Does international trade moderate economic development’s impact on income inequality in the EU?," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 99(C).
    18. M. Isabel Sánchez-Hernández & Jose Luis Vázquez-Burguete & Maria P. García-Miguélez & Ana Lanero-Carrizo, 2021. "Internal Corporate Social Responsibility for Sustainability," Sustainability, MDPI, vol. 13(14), pages 1-14, July.
    19. Ayman Issa, 2023. "Shaping a sustainable future: The impact of board gender diversity on clean energy use and the moderating role of environmental, social and governance controversies," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 30(6), pages 2731-2746, November.
    20. Beloskar, Ved Dilip & Haldar, Arunima & Gupta, Anupama, 2024. "Gender equality and women’s empowerment: A bibliometric review of the literature on SDG 5 through the management lens," Journal of Business Research, Elsevier, vol. 172(C).
    21. Gambacorta, Leonardo & Pancotto, Livia & Reghezza, Alessio & Spaggiari, Martina, 2022. "Gender diversity in bank boardrooms and green lending: evidence from euro area credit register data," Working Paper Series 2741, European Central Bank.
    22. Bian, Wenlong & Ren, Yan & Zhang, Hao, 2022. "Do multiple large shareholders matter in financial firms? Evidence from China," Pacific-Basin Finance Journal, Elsevier, vol. 74(C).
    23. Ben Lee & Shekhar Misra & Christophe Haon, 2024. "Marketers on board: The influence of marketing-experienced board members (MEBMs) on firm innovativeness inputs and the moderating roles of CEO job characteristics," Journal of the Academy of Marketing Science, Springer, vol. 52(3), pages 859-891, May.
    24. Huang, Wendi, 2024. "Female board representation and firm value: International evidence," Finance Research Letters, Elsevier, vol. 68(C).
    25. Matei Gina & Vavura Nicolae-Marius, 2024. "Innovation at the Board Level: Bibliometric Analysis over Three Decades," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 18(1), pages 1029-1044.
    26. Giacomo Tollo & Joseph Andria & Stoyan Tanev & Sara Ghilardi, 2024. "Integrating the gender dimension to disclose the degree of businesses’ articulation of innovation," Journal of Computational Social Science, Springer, vol. 7(1), pages 87-123, April.
    27. Trinh, Vu Quang & Trinh, Hai Hong & Nguyen, Thi Hong Hanh & Vo, Xuan Vinh, 2023. "Board gender diversity and firm-level climate change exposure: A global perspective," Finance Research Letters, Elsevier, vol. 55(PB).
    28. Byun, SeongK. & Fuller, Kathleen & Lin, Zhilu, 2021. "The costs and benefits associated with inventor CEOs," Journal of Corporate Finance, Elsevier, vol. 71(C).
    29. Zhijie Zhang & Qingqing Zong, 2023. "Gender diversity and patent quality: Evidence from Chinese patent data," International Studies of Economics, John Wiley & Sons, vol. 18(4), pages 430-453, December.
    30. Liu, Simeng & Wang, Kun Tracy & Walpola, Sonali, 2023. "Female board representation and the adoption of corporate social responsibility criteria in executive compensation contracts: International evidence," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 82(C).
    31. Hossain, Ashrafee & Masum, Abdullah-Al & Benkraiem, Ramzi, 2024. "Long-term institutional investors and climate change news Beta," Journal of Corporate Finance, Elsevier, vol. 89(C).
    32. Alkhawaja, Abdallah & Hu, Fang & Johl, Shireenjit & Nadarajah, Sivathaasan, 2023. "Board gender diversity, quotas, and ESG disclosure: Global evidence," International Review of Financial Analysis, Elsevier, vol. 90(C).
    33. Almaghrabi, Khadija S. & Slack, Richard & Tsalavoutas, Ioannis & Tsoligkas, Fanis, 2024. "Capitalised development costs and future cash flows: The effect of CEO overconfidence and board gender diversity," The British Accounting Review, Elsevier, vol. 56(6).
    34. Sonia Boukattaya & Zied Ftiti & Maher Jeriji & Waël Louhichi, 2024. "Does committees' gender diversity affect firms' environmental and social performance?," Business Strategy and the Environment, Wiley Blackwell, vol. 33(4), pages 3550-3568, May.
    35. Rim Boussaada & Abdelaziz Hakimi & Majdi Karmani, 2025. "Board Cultural Diversity and Nonperforming Loans: What Role Does Boardroom Gender Diversity Play?," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 46(2), pages 965-979, March.
    36. Lipeng Wang & Thanos Verousis & Mengyu Zhang, 2025. "Market value of R&D, patents, and CEO characteristics," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 11(1), pages 1-24, December.
    37. Chao Tu & Yingfang Shi, 2023. "Market-Incentive Environmental Regulation and the Quality of Corporate Innovation," Sustainability, MDPI, vol. 15(7), pages 1-17, March.
    38. Qihang Xue & Huimin Wang & Caiquan Bai, 2023. "Local green finance policies and corporate ESG performance," International Review of Finance, International Review of Finance Ltd., vol. 23(4), pages 721-749, December.
    39. Mao, Jinzhou & Xu, Donghai & Yang, Shaoze, 2023. "Female executives and corporate R&D manipulation behavior: Evidence from China," Finance Research Letters, Elsevier, vol. 57(C).
    40. Ma, Mingze, 2022. "Gendered performance evaluation in CEO turnover," Journal of Corporate Finance, Elsevier, vol. 77(C).
    41. Chindasombatcharoen, Pongsapak & Chatjuthamard, Pattanaporn & Jiraporn, Pornsit, 2023. "Corporate culture, cultural diversification, and independent directors: Evidence from earnings conference calls," Journal of Behavioral and Experimental Finance, Elsevier, vol. 37(C).
    42. Wu, Xingying & Liu, Shan, 2025. "Gender diversity in top management and its impact on firm-level digital transformation: Evidence from China," Economic Modelling, Elsevier, vol. 145(C).
    43. Kyung Yoon Kwon & Philip Molyneux & Livia Pancotto & Alessio Reghezza, 2024. "Banks and FinTech Acquisitions," Journal of Financial Services Research, Springer;Western Finance Association, vol. 65(1), pages 41-75, February.
    44. Le, Anh-Tuan & Tran, Thao Phuong & Cheng, Tzu-Chang Forrest, 2022. "Do female directors mitigate asymmetric cost behavior? Evidence from international data," Finance Research Letters, Elsevier, vol. 49(C).
    45. Bao, Yangming & Li, Jie, 2024. "Cross-border M&A, gender-equal culture, and board gender diversity," Journal of Corporate Finance, Elsevier, vol. 84(C).
    46. Aurora Genin & Wenting Ma & Vineet Bhagwat & Gennaro Bernile, 2023. "Board experiential diversity and corporate radical innovation," Strategic Management Journal, Wiley Blackwell, vol. 44(11), pages 2634-2657, November.
    47. Bona-Sánchez, Carolina & Fleitas-Castillo, Gema C. & Pérez-Alemán, Jerónimo & Santana-Martín, Domingo J., 2024. "Gender diversity and audit fees: Insights from a principal-principal agency conflict setting," International Review of Financial Analysis, Elsevier, vol. 96(PA).
    48. Treepongkaruna, Sirimon & Jiraporn, Pornsit & Kyaw, Khine & Padungsaksawasdi, Chaiyuth, 2024. "Climate change exposure and corporate culture: A text-based approach," International Review of Economics & Finance, Elsevier, vol. 95(C).
    49. Dongliang Yuan & Duo Shang & Xinmei Wu, 2024. "Board diversity and stock price crash risk: exacerbate or mitigate," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-11, December.
    50. Mamiza Haq & Steven Ongena & Juying Pu & Eric K. M. Tan, 2023. "Do Banks Engage in Earnings Management? The Role of Dividends and Institutional Factors," Swiss Finance Institute Research Paper Series 23-79, Swiss Finance Institute.
    51. Yu, Chang, 2023. "Board gender diversity and investment inefficiency," Journal of Economics and Business, Elsevier, vol. 124(C).
    52. Stephen P. Ferris & Narayanan Jayaraman & Tim Zhang, 2022. "A clash of cultures: The governance and valuation effects of corporate cultural distance," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 49(9-10), pages 1696-1735, October.
    53. Fei Xie & Bohui Zhang & Wenrui Zhang, 2022. "Trust, Incomplete Contracting, and Corporate Innovation," Management Science, INFORMS, vol. 68(5), pages 3419-3443, May.
    54. Michael Machokoto & Tesfaye T. Lemma & Ouarda Dsouli & Rebecca Fakoussa & Eghosa Igudia, 2024. "Coupling men‐to‐women: Promoting innovation in emerging markets," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 29(3), pages 3656-3677, July.
    55. Quynh Trang Phan & Vu Gia Bao Nguyen, 2025. "Gender diversity and firm value: Evidence from an emerging market," Economics Bulletin, AccessEcon, vol. 45(1), pages 88-99.
    56. Lingfu Kong & Muhammad Usman & Weili Yue & Fakhra Yasmin & Marcela Sokolova, 2024. "Leadher: role of women leadership in shaping corporate innovation," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-10, December.
    57. Ni Qin & Dongmin Kong & Ling Zhu & Mengxu Xiong, 2025. "Board Gender Diversity and Within-Firm Wage Inequity: Evidence from the Relaxation of China’s One-Child Policy," Journal of Business Ethics, Springer, vol. 199(1), pages 183-205, June.
    58. Qiao, Lu & Dong, Weijia & Lv, Xin, 2023. "The heterogeneous impacts of M&As on renewable energy firms’ innovation: Comparative analysis of China, the US and EU," International Review of Economics & Finance, Elsevier, vol. 87(C), pages 306-323.
    59. Smulowitz, Stephen J. & Smulowitz, Małgorzata & Cossin, Didier, 2025. "More risk-averse or more innovative? The effect of women board membership and aspirations on patent activity," Research Policy, Elsevier, vol. 54(1).
    60. Long Miao & Yue Zhuo & Haojun Wang & Bei Lyu, 2022. "Non-Financial Enterprise Financialization, Product Market Competition, and Total Factor Productivity of Enterprises," SAGE Open, , vol. 12(2), pages 21582440221, May.
    61. Griffin, Dale & Guedhami, Omrane & Li, Kai & Lu, Guangli, 2021. "National culture and the valueto implications of corporate environmental and social performance," Journal of Corporate Finance, Elsevier, vol. 71(C).
    62. Chen, Zhanhui & Huang, Xiaoran & Zhang, Lei, 2022. "Local gender imbalance and corporate risk-taking," Journal of Economic Behavior & Organization, Elsevier, vol. 198(C), pages 650-672.
    63. Bin Yan Ding & Feng Wei, 2022. "Executive resume information disclosure and corporate innovation: Evidence from China," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 43(8), pages 3593-3610, December.
    64. Oh, Kwangwuk & Song, Sujin, 2023. "Do female CMOs enhance firm performance? Power matters," Journal of Business Research, Elsevier, vol. 158(C).
    65. Ana Beatriz Hernández-Lara & Juan Pablo Gonzales-Bustos & Amado Alarcón-Alarcón, 2021. "Social Sustainability on Corporate Boards: The Effects of Female Family Members on R&D," Sustainability, MDPI, vol. 13(4), pages 1-13, February.
    66. Xu Cheng & Dongmin Kong & Xinwei Zheng & Qi Tang, 2022. "Do foreign investors crowd out sell‐side analysts? Evidence from China," The Financial Review, Eastern Finance Association, vol. 57(4), pages 815-834, November.
    67. Gang Kou & Yang Lu, 2025. "FinTech: a literature review of emerging financial technologies and applications," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 11(1), pages 1-34, December.
    68. Dorota Korenkiewicz & Wolfgang Maennig, 2024. "Impact of women on corporate boards of directors on product quality," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 28(3), pages 841-874, September.
    69. Mustafa K. Yilmaz & Umit Hacioglu & Ekrem Tatoglu & Mine Aksoy & Selman Duran, 2023. "Measuring the impact of board gender and cultural diversity on corporate governance and social performance: evidence from emerging markets," Economic Research-Ekonomska Istraživanja, Taylor & Francis Journals, vol. 36(2), pages 2106503-210, December.
    70. Siyi Deng & Jie He, 2024. "Managerial inclusiveness and corporate innovation in China," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 64(1), pages 381-410, March.
    71. Lakhal, Faten & Hamrouni, Amal & Jilani, Ibtissem & Mahjoub, Imen & Benkraiem, Ramzi, 2024. "The power of inclusion: Does leadership gender diversity promote corporate and green innovation?," Research in International Business and Finance, Elsevier, vol. 67(PA).
    72. Azeem, Naveed & Ullah, Muhammad & Ullah, Farid, 2023. "Board gender diversity and firms' financial resilience during the Covid-19 pandemic," Finance Research Letters, Elsevier, vol. 58(PA).
    73. Mack, Daniel Z. & Chen, Guoli & Hsu, Po-Hsuan & Lee, Yen Teik & George, Gerard, 2025. "Interfaces, social information processing, and diversity cascades: How board diversity influences invention output," Research Policy, Elsevier, vol. 54(1).
    74. Hsieh, Tien-Shih & Kim, Jeong-Bon & Wang, Ray R. & Wang, Zhihong, 2022. "Educate to innovate: STEM directors and corporate innovation," Journal of Business Research, Elsevier, vol. 138(C), pages 229-238.
    75. Céline Piton, 2022. "The labour market performance of vulnerable groups: towards a better understanding of the main driving forces," ULB Institutional Repository 2013/352519, ULB -- Universite Libre de Bruxelles.
    76. Cao, Chunfang & Li, Xiaohui & Li, Xiaoyang & Zeng, Cheng & Zhou, Xuan, 2021. "Diversity and inclusion: Evidence from corporate inventors," Journal of Empirical Finance, Elsevier, vol. 64(C), pages 295-316.
    77. Huang, Yichu & Fang, Feifei & Fan, Yaoyao & Ly, Kim Cuong, 2024. "Do ‘Lehman Sisters’ work in China? Women on boards and bank risk," International Review of Financial Analysis, Elsevier, vol. 93(C).
    78. Huiping Zhu & Haifeng Gu & Habiba Halepoto, 2022. "Can Fulfillment of Social Responsibility Enable Enterprises to Innovate? The Role of Corporate Financialization and Agency Costs," Sustainability, MDPI, vol. 14(21), pages 1-22, October.
    79. Bedelev, Bogdan, 2023. "The more, the better? Diversification Trends in Executive and Supervisory Boards in Germany and their Potential Effects," Junior Management Science (JUMS), Junior Management Science e. V., vol. 8(3), pages 569-590.
    80. Bai, Min & Pan, Maomao, 2023. "The economic independence of supervisory boards and corporate innovation: Evidence from China," Economic Modelling, Elsevier, vol. 127(C).
    81. Blomkvist, Katarina & Engzell, Jeanette & Kappen, Philip & Zander, Ivo, 2025. "Exploring innovative work behavior: A gender perspective on corporate competitive culture, role models and intrapreneurs," Journal of Business Research, Elsevier, vol. 189(C).
    82. Abtahi, Zahra & Chkir, Imed & Benkraiem, Ramzi, 2023. "Board diversity and corporate innovation: New evidence from the Canadian context," Finance Research Letters, Elsevier, vol. 55(PA).
    83. Adams, Kweku & Attah-Boakye, Rexford & Yu, Honglan & Johansson, Jeaneth & Njoya, Eric Tchouamou, 2023. "Female board representation and coupled open innovation: Evidence from emerging market multinational enterprises," Technovation, Elsevier, vol. 124(C).
    84. Ferilli, Greta Benedetta & Altunbas, Yener & Stefanelli, Valeria & Palmieri, Egidio & Boscia, Vittorio, 2024. "Fintech governance and performance: Implications for banking and financial stability," Research in International Business and Finance, Elsevier, vol. 70(PB).
    85. Liao, Rose C. & Loureiro, Gilberto & Taboada, Alvaro G., 2022. "Gender quotas and bank risk," Journal of Financial Intermediation, Elsevier, vol. 52(C).
    86. Asad, Muhammad & Akbar, Saeed & Li, Jing & Shah, Syed Zulfiqar Ali, 2023. "Board diversity and corporate propensity to R&D spending," International Review of Financial Analysis, Elsevier, vol. 89(C).
    87. Chu, Shaner, 2024. "Are women greener? Board gender diversity and corporate green technology innovation in China," International Review of Economics & Finance, Elsevier, vol. 93(PA), pages 1001-1020.
    88. Kong, Dongmin & Zhang, Wenzhe & Xiong, Zihan & Qin, Ni, 2025. "Breaking down barriers to innovation: The real effects of gender diversity following the relaxation of one-child policy in China," Pacific-Basin Finance Journal, Elsevier, vol. 90(C).
    89. Huang, Peng & Lu, Yue & Wu, Ji, 2023. "Does board diversity in industry-experience boost firm value? The role of corporate innovation," Economic Modelling, Elsevier, vol. 128(C).
    90. Tran Phuong, Thao & Le, Anh-Tuan & Ouyang, Puman, 2022. "Board tenure diversity and investment efficiency: A global analysis," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 81(C).
    91. Aral, Karca D. & Giambona, Erasmo & Lopez A., Ricardo & Wang, Ye, 2024. "Board Gender Diversity and Buyer-Supplier Relationships," MPRA Paper 122823, University Library of Munich, Germany.
    92. Liu, Jinzhi & Zhu, Songhua, 2024. "Board gender diversity and innovation performance in manufacturing firms: What is the role of risk-taking?," Finance Research Letters, Elsevier, vol. 68(C).
    93. Olga Dodd & Bart Frijns & Robin Kaiji Gong & Shushu Liao, 2024. "Board cultural diversity and firm performance under competitive pressures," The Financial Review, Eastern Finance Association, vol. 59(1), pages 89-111, February.
    94. Hedy Jiaying Huang & Ahsan Habib & Sophia Li Sun & Ying Liu & Huiting Guo, 2021. "Financial reporting and corporate innovation: a review of the international literature," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 61(4), pages 5439-5499, December.
    95. Zhu, Yaqin & Chen, Jing, 2025. "How does board gender diversity shape ESG performance?," Finance Research Letters, Elsevier, vol. 74(C).
    96. Estévez-Mendoza, Carlos & Montoro-Sánchez, Ángeles, 2024. "Exploring the relationship between innovation and corporate governance," Technological Forecasting and Social Change, Elsevier, vol. 209(C).
    97. He, Chao & Li, Yanxi & Zhu, Jiawei, 2022. "The effect of firm-level perception of uncertainty on innovation: Evidence from China’s listed firms," Economics Letters, Elsevier, vol. 221(C).
    98. Andrey Zagorchev, 2024. "An international study of board gender diversity and corporate governance," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 48(4), pages 1053-1077, December.
    99. Fu, Xi & Li, Yiwei & Zhang, Zhifang, 2023. "Institutional investors, non-mandatory regulations, and board gender diversity," Finance Research Letters, Elsevier, vol. 58(PC).

  2. Gao, Huasheng & Hsu, Po-Hsuan & Li, Kai & Zhang, Jin, 2020. "The Real Effect of Smoking Bans: Evidence from Corporate Innovation," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 55(2), pages 387-427, March.

    Cited by:

    1. El Ghoul, Sadok & Gong, Zhaoran (Jason) & Guedhami, Omrane & Hou, Fangfang & Tong, Wilson H.S., 2023. "Social trust and firm innovation," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 84(C).
    2. Chenlu Dang & Fan Wang & Zimo Yang & Hongxia Zhang & Yufeng Qian, 2022. "RETRACTED ARTICLE: Evaluating and forecasting the risks of small to medium-sized enterprises in the supply chain finance market using blockchain technology and deep learning model," Operations Management Research, Springer, vol. 15(3), pages 662-675, December.
    3. Du, He & Zhang, Chunguang, 2024. "Economic policy uncertainty and natural resources commodity prices: A comparative analysis of pre- and post-pandemic quantile trends in China," Resources Policy, Elsevier, vol. 88(C).
    4. Lingfu Kong & Emrah Sofuoğlu & Balogun Daud Ishola & Shujaat Abbas & Qingran Guo & Khurshid Khudoykulov, 2024. "Sustainable development through structural transformation: a pathway to economic, social, and environmental progress," Economic Change and Restructuring, Springer, vol. 57(2), pages 1-34, April.
    5. Jiling Li & Zekai Lin & Xiaheng Zhang, 2023. "The Study on the Effectiveness of Sustainable Customer Relationship Management: Evidence from the Online Shopping Industry," Sustainability, MDPI, vol. 15(7), pages 1-21, March.
    6. Zhongchao Dong & Haiou Du, 2024. "RETRACTED ARTICLE: Investing energy transition future: a comprehensive assessment of financial and non-financial factors that affect access to capital," Economic Change and Restructuring, Springer, vol. 57(3), pages 1-25, June.
    7. Xiuzhen, Xie & Zheng, Wenxiu & Umair, Muhammad, 2022. "Testing the fluctuations of oil resource price volatility: A hurdle for economic recovery," Resources Policy, Elsevier, vol. 79(C).
    8. Chen, Chong & Huang, Qianqian & Shi, Chang & Yuan, Tao, 2024. "Opioid epidemic and corporate innovation," Journal of Corporate Finance, Elsevier, vol. 86(C).
    9. Syed Abdul Rehman Khan & Adnan Ahmed Sheikh & Mubeen Ashraf & Zhang Yu, 2022. "Improving Consumer-Based Green Brand Equity: The Role of Healthy Green Practices, Green Brand Attachment, and Green Skepticism," Sustainability, MDPI, vol. 14(19), pages 1-17, September.
    10. Jia, Jing & Li, Zhongtian, 2024. "Opioid abuse and labor investment efficiency," International Review of Economics & Finance, Elsevier, vol. 89(PA), pages 1267-1285.
    11. Shiyi Chen & Xiaoxiao Ding & Pingyi Lou & Hong Song, 2022. "New evidence of moral hazard: Environmental liability insurance and firms' environmental performance," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 89(3), pages 581-613, September.
    12. Zeng, Jing & Chan, Kam C., 2023. "The tax incentives and corporate cash holdings: Evidence from a quasi-natural experiment of an accelerated depreciation tax policy for fixed assets," International Review of Financial Analysis, Elsevier, vol. 88(C).
    13. Zhi Cao & Yinping Mu, 2022. "Social and Environmental Regulations and Corporate Innovation," Sustainability, MDPI, vol. 14(23), pages 1-17, December.
    14. Zeng, Jing & Zhang, Bingqian & Li, Kevin K., 2024. "The impact of free trade zones on ESG performance: Evidence from China," International Review of Economics & Finance, Elsevier, vol. 91(C), pages 1110-1122.
    15. Dai, Yanke & Du, Ting & Gao, Huasheng & Gu, Yan & Wang, Yongqin, 2024. "Patent pledgeability, trade secrecy, and corporate patenting," Journal of Corporate Finance, Elsevier, vol. 85(C).
    16. Guoli Chen & Philipp Meyer‐Doyle & Wei Shi, 2021. "Hedge fund investor activism and human capital loss," Strategic Management Journal, Wiley Blackwell, vol. 42(12), pages 2328-2354, December.
    17. Shikong (Scott) Luo & Alan Tidwell, 2025. "Hidden Financial Costs of the Opioid Crisis: Evidence from Mortgage Originations," The Journal of Real Estate Finance and Economics, Springer, vol. 70(3), pages 583-607, April.
    18. Luo, Yue & Chen, Yangyang & Lin, Ji-Chai, 2022. "Does air quality affect inventor productivity? Evidence from the NOx budget program," Journal of Corporate Finance, Elsevier, vol. 73(C).
    19. Yu, Mengyan & Umair, Muhammad & Oskenbayev, Yessengali & Karabayeva, Zhаnsaya, 2023. "Exploring the nexus between monetary uncertainty and volatility in global crude oil: A contemporary approach of regime-switching," Resources Policy, Elsevier, vol. 85(PB).
    20. Wang, Zigan & Yin, Qie Ellie & Yu, Luping, 2024. "Do share repurchases facilitate movement toward target capital structure? International evidence," Journal of Empirical Finance, Elsevier, vol. 77(C).
    21. Yan, Jiayan & Cao, Zhangfan & Chen, Steven Xianglong & Deng, Ziliang, 2025. "The influence of environmental management system on outward foreign direct investment: Evidence from ISO 14001 certification in China," International Business Review, Elsevier, vol. 34(3).
    22. Tian, Li & Wang, Qianyun, 2024. "Improving mineral mining enterprises environmental performance through corporate social responsibility practices in China: Implications for minerals policymaking," Resources Policy, Elsevier, vol. 88(C).
    23. Liu, Qing & Lu, Ruosi & Teng Sun, Stephen & Zhang, Meng, 2024. "Unintended workplace safety consequences of minimum wages," Journal of Public Economics, Elsevier, vol. 239(C).
    24. Huawei Tian, 2023. "Does consumer social responsibility augment corporate social responsibility: A reciprocal analysis of external stakeholder from stakeholder theory perspective," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 30(2), pages 968-978, March.
    25. Chatt, Robert & Gustafson, Matthew & Welker, Adam, 2021. "Firing frictions and the U.S. mergers and acquisitions market," Journal of Banking & Finance, Elsevier, vol. 128(C).
    26. Ge, Yao & Huang, Wei & Qiao, Zheng & Zheng, Hao, 2024. "Local labor market and corporate investment," Journal of Empirical Finance, Elsevier, vol. 79(C).
    27. Li, Tongxia & Lu, Chun & Wang, Hui, 2023. "Stakeholder orientation and trade credit: Evidence from a natural experiment," International Review of Economics & Finance, Elsevier, vol. 87(C), pages 15-34.
    28. Zhao, Qifeng & Luo, Qianfeng & Tao, Yunqing, 2023. "The power of paper: Scientific disclosure and firm innovation," Finance Research Letters, Elsevier, vol. 56(C).
    29. Zhang, Weike & Luo, Qian & Liu, Shiyuan, 2022. "Is government regulation a push for corporate environmental performance? Evidence from China," Economic Analysis and Policy, Elsevier, vol. 74(C), pages 105-121.
    30. Hu, Jun & Wu, Huiying & Ying, Sammy Xiaoyan, 2022. "Environmental regulation, market forces, and corporate environmental responsibility: Evidence from the implementation of cleaner production standards in China," Journal of Business Research, Elsevier, vol. 150(C), pages 606-622.
    31. Yan Chen & Yingying Xin & Zhengying Luo & Min Han, 2021. "The Impact of Stable Customer Relationships on Enterprises’ Technological Innovation Based on the Mediating Effect of the Competitive Advantage of Enterprises," Sustainability, MDPI, vol. 13(7), pages 1-24, March.
    32. Zhouyu Tian & Lening Qiu & Litao Wang, 2024. "Drivers and influencers of blockchain and cloud-based business sustainability accounting in China: Enhancing practices and promoting adoption," PLOS ONE, Public Library of Science, vol. 19(1), pages 1-34, January.
    33. Armstrong, Christopher & Kepler, John D. & Samuels, Delphine & Taylor, Daniel, 2022. "Causality redux: The evolution of empirical methods in accounting research and the growth of quasi-experiments," Journal of Accounting and Economics, Elsevier, vol. 74(2).
    34. He, Qiyang & Qiu, Buhui, 2025. "Environmental enforcement actions and corporate green innovation," Journal of Corporate Finance, Elsevier, vol. 91(C).
    35. Zeng, Jing & Peng, Meng & Chan, Kam C., 2024. "The impact of low-carbon city policy on corporate cost stickiness," International Review of Economics & Finance, Elsevier, vol. 96(PA).
    36. Olson, Adam J. & Yust, Christopher G. & Christensen, Brant E., 2023. "Are public health policies associated with corporate innovation? Evidence from U.S. nonsmoking laws," Research Policy, Elsevier, vol. 52(10).
    37. Jiao, Anqi & Lu, Juntai & Wei, Jia & Zhang, Wenqiao, 2023. "Do prosocial CEOs promote innovation?," Finance Research Letters, Elsevier, vol. 55(PB).
    38. Hailiang, Zeng & Chau, Ka Yin & Waqas, Muhammad, 2023. "Does green finance and renewable energy promote tourism for sustainable development: Empirical evidence from China," Renewable Energy, Elsevier, vol. 207(C), pages 660-671.
    39. Li, Guoxing & Yeh, Yin-Hua, 2023. "Western cultural influence on corporate innovation: Evidence from Chinese listed companies," Global Finance Journal, Elsevier, vol. 55(C).
    40. Bailey, Warren B. & Cao, Xiaping & Yang, Zhenyi & Zhou, Sili, 2024. "Who leads and who follows? The cross-border peer effect in investment by Chinese and US firms," Journal of International Economics, Elsevier, vol. 147(C).
    41. Jia, Jing & Li, Zhongtian, 2022. "Opioid abuse and corporate social responsibility," Finance Research Letters, Elsevier, vol. 49(C).
    42. Stephanie Cheng & Pengkai Lin & Yinliang Tan & Yuchen Zhang, 2023. "“High” innovators? Marijuana legalization and regional innovation," Production and Operations Management, Production and Operations Management Society, vol. 32(3), pages 685-703, March.
    43. Wang, Zigan & Yin, Qie Ellie & Yu, Luping, 2021. "Real effects of share repurchases legalization on corporate behaviors," Journal of Financial Economics, Elsevier, vol. 140(1), pages 197-219.
    44. Wei Zhao & ZhengShan Luo & Qilei Liu, 2023. "Does supply chain matter for environmental firm performance: mediating role of financial development in China," Economic Change and Restructuring, Springer, vol. 56(6), pages 3811-3837, December.
    45. Zeng, Jing & Dai, Fangjie & Chan, Kam C., 2023. "The impact of an accelerated depreciation tax policy on employment: Evidence from China," Journal of Asian Economics, Elsevier, vol. 86(C).
    46. Linh Thompson, 2024. "Employee health and corporate innovation: Evidence from medical cannabis legalisation," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 64(4), pages 3927-3950, December.
    47. Zhuo Qiao & Zhaohua Li & Yanzhi Wang, 2023. "Air pollution and innovation-evidence from quasi-natural experiment of China’s Huai River policy," Review of Quantitative Finance and Accounting, Springer, vol. 60(2), pages 425-443, February.
    48. Davis, Frederick & Khadivar, Hamed, 2024. "Accrual and real earnings management by rumored takeover targets," International Review of Financial Analysis, Elsevier, vol. 92(C).

  3. Kai Li & Jiaping Qiu & Jin Wang, 2019. "Technology Conglomeration, Strategic Alliances, and Corporate Innovation," Management Science, INFORMS, vol. 65(11), pages 5065-5090, November.

    Cited by:

    1. Huang, Huichi & Weinbaum, David & Yehuda, Nir, 2023. "Financial reporting quality and investment efficiency: The role of strategic alliances," Journal of Contemporary Accounting and Economics, Elsevier, vol. 19(3).
    2. June Cao & Wenwen Li & Shujuan Xiao, 2022. "Does mixed ownership reform affect private firms’ ESG practices? Evidence from a quasi‐natural experiment in China," Financial Markets, Institutions & Instruments, John Wiley & Sons, vol. 31(2-3), pages 47-86, July.
    3. Bian, Bo & Meier, Jean-Marie & Xu, Ting, 2021. "Cross-Border Institutions and the Globalization of Innovation," LawFin Working Paper Series 23, Goethe University, Center for Advanced Studies on the Foundations of Law and Finance (LawFin).
    4. Chemmanur, Thomas J. & Shen, Yao & Xie, Jing, 2023. "Innovation beyond firm boundaries: Strategic alliances and corporate innovation," Journal of Corporate Finance, Elsevier, vol. 80(C).
    5. Yuanxi Li & Tieshan Sun & Yukang Sun, 2024. "Linkage‐ and structure‐based technological proximity and interregional spillovers of innovation growth," Growth and Change, Wiley Blackwell, vol. 55(1), March.
    6. Zhang, Xiaoqian & Yu, Mingqiang & Chen, Gaoquan, 2020. "Does mixed-ownership reform improve SOEs' innovation? Evidence from state ownership," China Economic Review, Elsevier, vol. 61(C).
    7. Xing, Fei & Hai, Mengdie & Cai, Jiayao, 2023. "Network centrality and technology acquisitions: Evidence from China's listed business groups," Economic Modelling, Elsevier, vol. 120(C).
    8. Xiaolu Xu & Leo L. Yang & Joseph H. Zhang, 2022. "How do auditors respond to client firms’ technological peer pressure? Evidence from going‐concern opinions," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 49(9-10), pages 1553-1580, October.
    9. Huang, Chenchen & Luo, Di & Mukherjee, Soumyatanu & Mishra, Tapas, 2022. "To Acquire or to Ally? Managing Partners’ Environmental Risk in International Expansion," MPRA Paper 121808, University Library of Munich, Germany, revised 07 Jan 2023.
    10. Lars Hornuf & Milan F. Klus & Todor S. Lohwasser & Armin Schwienbacher, 2021. "How do banks interact with fintech startups?," Small Business Economics, Springer, vol. 57(3), pages 1505-1526, October.
    11. BeomJu Park & Chang-Yang Lee, 2023. "Does R&D cooperation with competitors cause firms to invest in R&D more intensively? evidence from Korean manufacturing firms," The Journal of Technology Transfer, Springer, vol. 48(3), pages 1045-1076, June.
    12. Chen, Jinyu & Fan, Yirui & Yang, Yan & Tang, Ying, 2025. "Carbon risk and technological mergers and acquisitions(M&A):The perspective of institutional pressures," Energy Economics, Elsevier, vol. 143(C).
    13. Xiaoqing Hu & Qing Zhou & Jianhu Cai & Shuchun Liu, 2023. "To ally or not to ally: Enterprises' preferences for technology alliance modes in transnational cooperation," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 44(6), pages 3437-3450, September.
    14. Fei Xie & Bohui Zhang & Wenrui Zhang, 2022. "Trust, Incomplete Contracting, and Corporate Innovation," Management Science, INFORMS, vol. 68(5), pages 3419-3443, May.
    15. Müller, Jens & Weinrich, Arndt, 2020. "Tax knowledge diffusion via strategic alliances," arqus Discussion Papers in Quantitative Tax Research 253, arqus - Arbeitskreis Quantitative Steuerlehre.
    16. Guo Li & Na Li & Suresh P. Sethi, 2021. "Does CSR Reduce Idiosyncratic Risk? Roles of Operational Efficiency and AI Innovation," Production and Operations Management, Production and Operations Management Society, vol. 30(7), pages 2027-2045, July.
    17. Steffen Runge & Christian Schwens & Matthias Schulz, 2022. "The invention performance implications of coopetition: How technological, geographical, and product market overlaps shape learning and competitive tension in R&D alliances," Strategic Management Journal, Wiley Blackwell, vol. 43(2), pages 266-294, February.
    18. Carlo Migliardo & Domenico Nicol?, 2025. "Mutual Spatial Proximity, Organized Crime, and the Profitability of High-Growth Startups: The Case of Italian Gazelle Enterprises," MANAGEMENT CONTROL, FrancoAngeli Editore, vol. 2025(1), pages 237-259.
    19. Yujiao Bai & Hao Zhang, 2024. "Research on the impact of enterprise mergers and acquisitions on technological innovation: An empirical analysis based on listed Chinese enterprises," PLOS ONE, Public Library of Science, vol. 19(11), pages 1-24, November.
    20. Moshirian, Fariborz & Tian, Xuan & Zhang, Bohui & Zhang, Wenrui, 2021. "Stock market liberalization and innovation," Journal of Financial Economics, Elsevier, vol. 139(3), pages 985-1014.
    21. Pan, Yihui & Peng, Xiaoxia, 2023. "Ancestral connections and corporate alliances," Journal of Corporate Finance, Elsevier, vol. 82(C).
    22. Lin, Boqiang & Xie, Jiawen, 2023. "The role of renewable energy alliances in enhancing corporate innovation: Evidence from China," Renewable Energy, Elsevier, vol. 219(P1).
    23. Schäper, Thomas & Jung, Christopher & Foege, Johann Nils & Bogers, Marcel L.A.M. & Fainshmidt, Stav & Nüesch, Stephan, 2023. "The S-shaped relationship between open innovation and financial performance: A longitudinal perspective using a novel text-based measure," Research Policy, Elsevier, vol. 52(6).
    24. Song, Zhuzhu & Tang, Wansheng & Zhao, Ruiqing, 2021. "Liner alliances with heterogeneous price level and service competition: Partial vs. full," Omega, Elsevier, vol. 103(C).
    25. Dawid, Herbert & Hellmann, Tim, 2020. "R&D investments under endogenous cluster formation," Journal of Economic Behavior & Organization, Elsevier, vol. 174(C), pages 253-283.
    26. Ning, Shuying & Lin, Zhiyang, 2023. "Effect of accounting information manipulation on innovation: Evidence from China," Emerging Markets Review, Elsevier, vol. 56(C).
    27. Kedong Chen & Xiaojin (Jim) Liu & Yuhong Li & Kevin Linderman, 2023. "Government support and cross‐border innovation: The effect of China's innovative city policy on Chinese firms' patenting in the United States," Production and Operations Management, Production and Operations Management Society, vol. 32(6), pages 1793-1811, June.
    28. Xu, Zhaoxia, 2020. "Economic policy uncertainty, cost of capital, and corporate innovation," Journal of Banking & Finance, Elsevier, vol. 111(C).

  4. Griffin, Dale & Guedhami, Omrane & Li, Kai & Kwok, Chuck C.Y. & Shao, Liang, 2018. "National Culture and the Value Implication of Corporate Governance," Journal of Law, Finance, and Accounting, now publishers, vol. 3(2), pages 333-372, December.

    Cited by:

    1. Pour, Eilnaz Kashefi & Uddin, Moshfique & Murinde, Victor & Amini, Shima, 2023. "CEO power, bank risk-taking and national culture: International evidence," Journal of Financial Stability, Elsevier, vol. 67(C).
    2. Francesco Saverio Stentella Lopes & Franco Fiordelisi & Ornella Ricci, 2019. "Corporate Culture and Merger Success," Working Papers 19013, Bangor Business School, Prifysgol Bangor University (Cymru / Wales).
    3. Khan, Majid & Lockhart, James & Bathurst, Ralph, 2021. "The institutional analysis of CSR: Learnings from an emerging country," Emerging Markets Review, Elsevier, vol. 46(C).
    4. Chourou, Lamia & Grira, Jocelyn & Saadi, Samir, 2021. "Does empathy matter in corporate social responsibility? Evidence from emerging markets," Emerging Markets Review, Elsevier, vol. 46(C).
    5. Rishi Kapoor Ronoowah & Boopendra Seetanah, 2023. "Corporate governance, capital structure, and firm performance: a panel VAR approach," SN Business & Economics, Springer, vol. 3(1), pages 1-30, January.
    6. Sacristán-Navarro, María & Cabeza-García, Laura & Basco, Rodrigo & Gomez-Anson, Silvia, 2022. "It’s all about culture! Institutional context and ownership concentration across Europe," European Management Journal, Elsevier, vol. 40(2), pages 194-207.

  5. Li, Kai & Qiu, Buhui & Shen, Rui, 2018. "Organization Capital and Mergers and Acquisitions," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 53(4), pages 1871-1909, August.

    Cited by:

    1. Bauer, Florian & Raswant, Arpit & Sarkar, Md Ahasan Habib, 2025. "Organization Capital and International Acquisitions," Journal of Business Research, Elsevier, vol. 189(C).
    2. Muhammad Ansar Majeed & Irfan Ullah & Samia Tariq & Tanveer Ahsan, 2025. "Does brand capital improve stock liquidity? Evidence from China," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 30(1), pages 382-404, January.
    3. Uddin, Mohammad Riaz & Hasan, Mostafa Monzur & Abadi, Nour, 2022. "Do intangible assets provide corporate resilience? New evidence from infectious disease pandemics," Economic Modelling, Elsevier, vol. 110(C).
    4. Jingbo Luo & Weimin Wang, 2023. "Do managers' professional connections benefit their firms in mergers and acquisitions: Chinese evidence," Review of Quantitative Finance and Accounting, Springer, vol. 60(2), pages 679-713, February.
    5. Yingying Qin & Yishan Zhang & Yu‐en Lin & Jingbo Hu, 2025. "Organization Capital and Corporate Financialization: Evidence From China," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 46(3), pages 1701-1720, April.
    6. Tongxia Li & Chun Lu & Lei Xu, 2024. "The impact of organisation capital on inventory efficiency," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 64(4), pages 3751-3779, December.
    7. Su, Yueying & Li, Jialong & Li, Zhicheng & Wu, Cathy, 2025. "CEO inside debt holdings and climate risk concerns in corporate acquisition," Finance Research Letters, Elsevier, vol. 71(C).
    8. Ewens, Michael & Peters, Ryan & Wang, Sean, 2019. "Measuring Intangible Capital with Market Prices," SocArXiv kvp2f, Center for Open Science.
    9. Nguyen, Giang & Vu, Le, 2021. "Does venture capital syndication affect mergers and acquisitions?," Journal of Corporate Finance, Elsevier, vol. 67(C).
    10. Zoran Filipovic & Alexander Wagner, 2023. "The intangibles song in takeover announcements: Good tempo, hollow tune," Post-Print hal-04579927, HAL.
    11. Marwick, Alex & Hasan, Mostafa Monzur & Luo, Tianpei, 2020. "Organization capital and corporate cash holdings," International Review of Financial Analysis, Elsevier, vol. 68(C).
    12. Chase Lee, Chaeho & Atukeren, Erdal & Kim, Hohyun, 2025. "Organizational capital and stock performance during Crises: Moderating role of generalist CEO," The North American Journal of Economics and Finance, Elsevier, vol. 75(PA).
    13. Mamun, Abdullah & Mishra, Dev & Zhan, Lei, 2021. "The value of intangible capital transfer in mergers," Journal of Economics and Business, Elsevier, vol. 117(C).
    14. Tunyi, Abongeh A. & Ntim, Collins G. & Danbolt, Jo, 2019. "Decoupling management inefficiency: Myopia, hyperopia and takeover likelihood," International Review of Financial Analysis, Elsevier, vol. 62(C), pages 1-20.
    15. Renneboog, Luc & Vansteenkiste, Cara, 2019. "Failure and success in mergers and acquisitions," Journal of Corporate Finance, Elsevier, vol. 58(C), pages 650-699.
    16. S. Boubaker & M.M. Hasan & A. Habib, 2022. "Organization Capital, Tournament Incentives and Firm Performance," Post-Print hal-04452668, HAL.
    17. Quyen Van & Vy Tran, 2023. "Control of Emerging-Market Target, Abnormal Stock Return: Evidence in Vietnam," Papers 2302.07117, arXiv.org, revised Mar 2023.
    18. Debarati Bhattacharya & Wei-Hsien Li, 2020. "Wealth effects of relative firm value in M&A deals: reallocation of physical versus intangible assets," Review of Quantitative Finance and Accounting, Springer, vol. 55(4), pages 1513-1548, November.
    19. Benz, Andreas & Demerjian, Peter R. & Hoang, Daniel & Ruckes, Martin E., 2024. "Picking winners: Managerial ability and capital allocation," Working Paper Series in Economics 163, Karlsruhe Institute of Technology (KIT), Department of Economics and Management.
    20. Leung, Woon Sau & Mazouz, Khelifa & Chen, Jie & Wood, Geoffrey, 2018. "Organization capital, labor market flexibility, and stock returns around the world," Journal of Banking & Finance, Elsevier, vol. 89(C), pages 150-168.
    21. Kang, Youngho & Kim, Ryoonhee & Whang, Unjung, 2023. "International knowledge transfers and capital structure of multinational affiliates: Evidence from expatriate managers as the transfer agents," Journal of Multinational Financial Management, Elsevier, vol. 68(C).
    22. Shaojie Lai & Xiaoling Pu & Qing (Sophie) Wang & Jianing Zhang, 2023. "Reference prices and withdrawn acquisitions," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 28(4), pages 4365-4384, October.
    23. Chowdhury, Hasibul & Le, Trinh Hue & Tan, Kelvin Jui Keng, 2025. "Organization capital and labor investment efficiency," Journal of Financial Stability, Elsevier, vol. 77(C).
    24. Khoo, Joye & Cheung, Adrian (Wai Kong), 2025. "Reprint of: The hidden cost of organisation capital: Evidence from trade credit," The British Accounting Review, Elsevier, vol. 57(1).
    25. Kiridaran Kanagaretnam & Gerald Lobo & Lei Zhang, 2022. "Relationship Between Climate Risk and Physical and Organizational Capital," Management International Review, Springer, vol. 62(2), pages 245-283, April.
    26. John (Jianqiu) Bai & Wang Jin & Matthew Serfling, 2022. "Management Practices and Mergers and Acquisitions," Management Science, INFORMS, vol. 68(3), pages 2141-2165, March.
    27. He, Jingbin & Ma, Xinru, 2023. "Is corporate social responsibility engagement influenced by nearby firms? Evidence from China," International Review of Financial Analysis, Elsevier, vol. 86(C).
    28. Kei Kawakami, 2024. "Disclosure services and welfare gains in matching markets for indivisible assets," Review of Economic Design, Springer;Society for Economic Design, vol. 28(3), pages 485-532, September.
    29. Hasan, Mostafa Monzur & Uddin, Mohammad Riaz, 2022. "Do intangibles matter for corporate policies? Evidence from organization capital and corporate payout choices," Journal of Banking & Finance, Elsevier, vol. 135(C).
    30. Konan Chan & Mei‐Xuan Li & Chu‐Bin Lin & Yanzhi Wang, 2022. "Organization capital effect in stock returns—The role of R&D," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 49(7-8), pages 1237-1263, July.
    31. Hossain, Mohammed Sawkat, 2021. "Merger & Acquisitions (M&As) as an important strategic vehicle in business: Thematic areas, research avenues & possible suggestions," Journal of Economics and Business, Elsevier, vol. 116(C).
    32. Hasan, Mostafa Monzur & Lobo, Gerald J. & Qiu, Buhui, 2021. "Organizational capital, corporate tax avoidance, and firm value," Journal of Corporate Finance, Elsevier, vol. 70(C).
    33. Habib, Ahsan & Ranasinghe, Dinithi, 2022. "Asset redeployability and credit ratings," Finance Research Letters, Elsevier, vol. 50(C).
    34. Hwang, Hyoseok (David) & Kim, Hyun-Dong & Kim, Taeyeon, 2020. "The blind power: Power-led CEO overconfidence and M&A decision making," The North American Journal of Economics and Finance, Elsevier, vol. 52(C).
    35. Chiu, Junmao & Li, Yi-Hua & Kao, Tsai-Hsuan, 2022. "Does organization capital matter? An analysis of the performance implications of CEO power," The North American Journal of Economics and Finance, Elsevier, vol. 59(C).
    36. Root, Andrew & Yung, Kenneth, 2022. "Resolving agency and product market views of cash holdings," Research in International Business and Finance, Elsevier, vol. 59(C).
    37. Chen, Leqin & Lei, Adrian C.H. & Song, Chen, 2024. "Organization capital and stock price crash risk," Pacific-Basin Finance Journal, Elsevier, vol. 88(C).
    38. Dai, Yunhao & Huang, Xu & Tan, Weiqiang & Yao, Daifei (Troy), 2025. "Religious similarity in mergers and acquisitions," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 100(C).
    39. Beuselinck, Christof & Karavitis, Panagiotis & Kazakis, Pantelis & Mouna, Niswatil, 2024. "E-government and corporate tax planning: International evidence," MPRA Paper 122742, University Library of Munich, Germany.
    40. Todtenhaupt, Maximilian & Voget, Johannes & Feld, Lars P. & Ruf, Martin & Schreiber, Ulrich, 2020. "Taxing away M&A: Capital gains taxation and acquisition activity," Munich Reprints in Economics 84733, University of Munich, Department of Economics.
    41. Li, Tongxia & Lu, Chun & Routledge, James, 2023. "Brand capital on debt maturity structure," Journal of Contemporary Accounting and Economics, Elsevier, vol. 19(3).
    42. Kim, Hyun-Dong & Park, Kwangwoo & Song, Kyojik Roy, 2021. "Organization capital and analysts’ forecasts," International Review of Economics & Finance, Elsevier, vol. 71(C), pages 762-778.
    43. Gao, Mingze & Leung, Henry & Qiu, Buhui, 2021. "Organization capital and executive performance incentives," Journal of Banking & Finance, Elsevier, vol. 123(C).
    44. Cui, Huijie & Dai, Lixuan & Zhang, Yanan, 2021. "Organization Capital and Corporate Innovation: Evidence from China," Finance Research Letters, Elsevier, vol. 43(C).
    45. Kose John & Qianru Qi & Jing Wang, 2020. "Bank Integration and the Market for Corporate Control: Evidence from Cross-State Acquisitions," Management Science, INFORMS, vol. 66(7), pages 3277-3294, July.
    46. Laurent Frésard & Ulrich Hege & Gordon Phillips, 2017. "Extending Industry Specialization through Cross-Border Acquisitions," The Review of Financial Studies, Society for Financial Studies, vol. 30(5), pages 1539-1582.
    47. Chasiotis, Ioannis & Loukopoulos, Georgios & Toudas, Kanellos, 2024. "Organization capital, dividends and firm value: International evidence," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 97(C).
    48. Xing, Xuejing & Yan, Shan, 2023. "Does organization capital increase firm risk? Evidence from firms with human resource executives☆," Finance Research Letters, Elsevier, vol. 51(C).
    49. Doukas, John A. & Zhang, Rongyao, 2020. "Corporate managerial ability, earnings smoothing, and acquisitions," Journal of Corporate Finance, Elsevier, vol. 65(C).
    50. Mostafa Monzur Hasan & Grantley Taylor & Grant Richardson, 2022. "Brand Capital and Stock Price Crash Risk," Management Science, INFORMS, vol. 68(10), pages 7221-7247, October.
    51. Provaty, Sagira Sultana & Hasan, Mostafa Monzur & Luo, Le, 2024. "Organization capital and GHG emissions," Energy Economics, Elsevier, vol. 131(C).
    52. Dong, Yizhe & Li, Chang & Li, Haoyu, 2021. "Customer concentration and M&A performance," Journal of Corporate Finance, Elsevier, vol. 69(C).
    53. Tobias Kretschmer & Christoph Dehne, 2020. "Organisationsstruktur und Führungsstil nach Akquisitionen – eine empirische Untersuchung [Organizational Structure and Leadership Style after Acquisitions – an Empirical Study]," Schmalenbach Journal of Business Research, Springer, vol. 72(4), pages 479-512, December.
    54. Chan, Konan & Guo, Re-Jin J. & Wang, Yanzhi A. & Yang, Hsiao-Lin, 2022. "Organization capital and analyst coverage," Journal of Empirical Finance, Elsevier, vol. 69(C), pages 81-105.
    55. Yuxiao Qu & Adrian (Wai Kong) Cheung, 2023. "Organization capital and green innovation: Evidence from China," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 30(6), pages 3043-3062, November.
    56. D’ Costa, Mabel & Habib, Ahsan, 2024. "Local creative culture and firm value," Finance Research Letters, Elsevier, vol. 59(C).
    57. Panta, Humnath & Narayanasamy, Arun & Panta, Ayush, 2023. "Organizational capital and credit ratings," Finance Research Letters, Elsevier, vol. 57(C).
    58. Khoo, Joye & Cheung, Adrian (Wai Kong), 2024. "Firms' organisation capital: Do peers matter?," International Review of Financial Analysis, Elsevier, vol. 96(PA).
    59. Masulis, Ronald W. & Reza, Syed Walid & Guo, Rong, 2023. "The sources of value creation in acquisitions of intangible assets," Journal of Banking & Finance, Elsevier, vol. 154(C).
    60. Buhui Qiu & Teng Wang, 2024. "Corporate Mergers and Acquisitions Under Lender Scrutiny," Finance and Economics Discussion Series 2024-025, Board of Governors of the Federal Reserve System (U.S.).
    61. Frank Kwabi & Samuel Fulgence & Gbenga Adamolekun, 2024. "CEO hubris and corporate carbon footprint: The role of gender diversity," Business Strategy and the Environment, Wiley Blackwell, vol. 33(8), pages 8102-8125, December.
    62. Lin, Tse-Chun & Pursiainen, Vesa, 2023. "Social trust distance in mergers and acquisitions," Journal of Banking & Finance, Elsevier, vol. 149(C).
    63. Srisuda Amatachaya & Kanis Saengchote, 2020. "Organization Capital and Expected Returns in Service and Non‐Service Firms: Evidence from Thailand," International Review of Finance, International Review of Finance Ltd., vol. 20(2), pages 505-513, June.
    64. Du, Qianqian & Shen, Rui, 2018. "Peer performance and earnings management," Journal of Banking & Finance, Elsevier, vol. 89(C), pages 125-137.

  6. Kai Li & Tingting Liu & Juan (Julie) Wu, 2018. "Vote Avoidance and Shareholder Voting in Mergers and Acquisitions," The Review of Financial Studies, Society for Financial Studies, vol. 31(8), pages 3176-3211.

    Cited by:

    1. Robert Carnes, 2025. "Riding the merger wave: the gatekeeping role of auditors," Review of Accounting Studies, Springer, vol. 30(2), pages 2071-2133, June.
    2. Lesmeister, Simon & Limbach, Peter & Goergen, Marc, 2022. "Trust and monitoring," Journal of Banking & Finance, Elsevier, vol. 143(C).
    3. Tingting Liu & Tao Shu & Erin Towery & Jasmine Wang, 2024. "The role of external regulators in mergers and acquisitions: evidence from SEC comment letters," Review of Accounting Studies, Springer, vol. 29(1), pages 451-492, March.
    4. Ning Cai & Wen He & Guoqiang Wu & Xin Yu, 2024. "Online voting and minority shareholder dissent: Evidence from China," Financial Management, Financial Management Association International, vol. 53(2), pages 327-352, June.
    5. Liu, Tingting & Lu, Zhongjin (Gene) & Shu, Tao & Wei, Fengrong, 2022. "Unique bidder-target relatedness and synergies creation in mergers and acquisitions," Journal of Corporate Finance, Elsevier, vol. 73(C).
    6. Laurent Bouton & Aniol Llorente-Saguer & Antonin Macé & Dimitrios Xefteris, 2024. "Voting Rights, Agenda Control and Information Aggregation," Working Papers halshs-03519689, HAL.
    7. Renneboog, Luc & Vansteenkiste, Cara, 2019. "Failure and success in mergers and acquisitions," Journal of Corporate Finance, Elsevier, vol. 58(C), pages 650-699.
    8. Cao, Yang & Kiesel, Florian & Leung, Henry, 2023. "The information value of M&A press releases," Publications of Darmstadt Technical University, Institute for Business Studies (BWL) 152731, Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL).
    9. Liu, Chun & Chen, Yang & Li, Shanmin & Sun, Liang & Yang, Mengjie, 2021. "Local political corruption and M&As," China Economic Review, Elsevier, vol. 69(C).
    10. Marco Becht & Andrea Polo & Stefano Rossi, 2021. "Should Shareholders Have a Say on Acquisitions?," Journal of Applied Corporate Finance, Morgan Stanley, vol. 33(1), pages 48-57, March.
    11. Eaton, Gregory W. & Guo, Feng & Liu, Tingting & Officer, Micah S., 2022. "Peer selection and valuation in mergers and acquisitions," Journal of Financial Economics, Elsevier, vol. 146(1), pages 230-255.
    12. Joshua D. Gottlieb & Richard R. Townsend & Ting Xu, 2016. "Does Career Risk Deter Potential Entrepreneurs?," NBER Working Papers 22446, National Bureau of Economic Research, Inc.
    13. Chen, Sheng-Syan & Huang, Chia-Wei & Lin, Chih-Yen, 2023. "Does CEO general managerial ability matter in M&A voting?," The Quarterly Review of Economics and Finance, Elsevier, vol. 92(C), pages 14-24.
    14. Zhang, Qianqian & Jiang, Chunzi & Liu, Baohua & Chan, Kam C., 2024. "Small but salient: Minority shareholders’ innovation attention in interactive online platforms and corporate innovation," The North American Journal of Economics and Finance, Elsevier, vol. 69(PB).
    15. Antón, Miguel & Azar, José & Gine, Mireia & Lin, Luca X., 2022. "Beyond the target: M&A decisions and rival ownership," Journal of Financial Economics, Elsevier, vol. 144(1), pages 44-66.
    16. Yu, Chang, 2023. "Board gender diversity and investment inefficiency," Journal of Economics and Business, Elsevier, vol. 124(C).
    17. Sridhar Gogineni & John Puthenpurackal, 2021. "Why do takeover targets protect acquirers? Evidence from force‐the‐vote provisions," Financial Management, Financial Management Association International, vol. 50(3), pages 805-843, September.
    18. Liu, Tingting & Liu, Yu & Ullah, Barkat & Wei, Zuobao & Xu, Lixin Colin, 2021. "The dark side of transparency in developing countries: The link between financial reporting practices and corruption," Journal of Corporate Finance, Elsevier, vol. 66(C).
    19. Rainville, Megan & Unlu, Emre & Wu, Juan Julie, 2022. "How do stronger creditor rights impact corporate acquisition activity and quality?," Journal of Banking & Finance, Elsevier, vol. 144(C).
    20. Davidson Heath & Mark Mitchell, 2023. "Market Returns and Interim Risk in Mergers," Management Science, INFORMS, vol. 69(1), pages 617-635, January.
    21. Fathollahi, Maryam & Harford, Jarrad & Klasa, Sandy, 2022. "Anticompetitive effects of horizontal acquisitions: The impact of within-industry product similarity," Journal of Financial Economics, Elsevier, vol. 144(2), pages 645-669.
    22. Pombo, Carlos & Pinto-Gutierrez, Cristian & Jara-Bertín, Mauricio, 2024. "Blockholder voting power and investment decisions: Evidence from cross-border deals in Latin America," Journal of Economics and Business, Elsevier, vol. 131(C).
    23. Lin, Jing & Li, Fang & Zheng, Steven Xiaofan & Zhou, Mingshan, 2023. "Minority shareholder voting and dividend policy," Journal of Banking & Finance, Elsevier, vol. 148(C).
    24. Deng, Xiaohu & Jiang, Christine & Young, Danqing, 2021. "Short selling constraints and politically motivated negative information suppression," Journal of Corporate Finance, Elsevier, vol. 68(C).
    25. Zhu, Bing & Xia, Xiaoxue & Zheng, Xiaojia, 2021. "One way out of the share pledging quagmire: Evidence from mergers and acquisitions," Journal of Corporate Finance, Elsevier, vol. 71(C).
    26. Aggarwal, Reena & Dahiya, Sandeep & Prabhala, Nagpurnanand R., 2019. "The power of shareholder votes: Evidence from uncontested director elections," Journal of Financial Economics, Elsevier, vol. 133(1), pages 134-153.
    27. Prateek Nanda & Arun Kumar Gopalaswamy, 2024. "Assessment of factors affecting agency cost in M&A context: a systematic literature review," Journal of Management Control: Zeitschrift für Planung und Unternehmenssteuerung, Springer, vol. 35(3), pages 405-435, September.

  7. Vyacheslav Fos & Kai Li & Margarita Tsoutsoura, 2018. "Do Director Elections Matter?," The Review of Financial Studies, Society for Financial Studies, vol. 31(4), pages 1499-1531.

    Cited by:

    1. Calluzzo, Paul & Kedia, Simi, 2019. "Mutual fund board connections and proxy voting," Journal of Financial Economics, Elsevier, vol. 134(3), pages 669-688.
    2. Felix von Meyerinck & Jonas Romer & Markus Schmid, 2023. "CEO Turnover and Director Reputation," Swiss Finance Institute Research Paper Series 23-87, Swiss Finance Institute.
    3. Ning Cai & Wen He & Guoqiang Wu & Xin Yu, 2024. "Online voting and minority shareholder dissent: Evidence from China," Financial Management, Financial Management Association International, vol. 53(2), pages 327-352, June.
    4. Donaldson, Jason & Piacentino, Giorgia & Malenko, Nadya, 2017. "Deadlock on the Board," CEPR Discussion Papers 12503, C.E.P.R. Discussion Papers.
    5. Vávra, Jan & Duží, Barbora & Lapka, Miloslav & Cudlínová, Eva & Rikoon, J. Sanford, 2019. "Socio-economic context of soil erosion: A comparative local stakeholders’ case study from traditional agricultural region in the Czech Republic," Land Use Policy, Elsevier, vol. 84(C), pages 127-137.
    6. Laurent Bouton & Aniol Llorente-Saguer & Antonin Macé & Dimitrios Xefteris, 2024. "Voting Rights, Agenda Control and Information Aggregation," Working Papers halshs-03519689, HAL.
    7. Wang, Xianjue, 2021. "Disclosure by firms under voting pressure," International Review of Financial Analysis, Elsevier, vol. 78(C).
    8. Nemmara K. Chidambaran & Yun Liu & Nagpurnanand Prabhala, 2022. "Director diversity and inclusion: At the table but in the game?," Financial Management, Financial Management Association International, vol. 51(1), pages 193-225, March.
    9. Gow, Ian D. & Larcker, David F. & Watts, Edward M., 2023. "Board diversity and shareholder voting," Journal of Corporate Finance, Elsevier, vol. 83(C).
    10. Gertsberg, Marina & Möllerström, Johanna & Pagel, Michaela, 2022. "Gender Quotas and Support for Women in Board Elections," Working Paper Series 1425, Research Institute of Industrial Economics.
    11. Vafeas, Nikos & Vlittis, Adamos, 2019. "Board executive committees, board decisions, and firm value," Journal of Corporate Finance, Elsevier, vol. 58(C), pages 43-63.
    12. Wang, Xianjue, 2022. "Disloyal managers and proxy voting," Finance Research Letters, Elsevier, vol. 44(C).
    13. Jing Xie, 2024. "Are passive investors also passive voters? Evidence from securities lending by mutual funds," Working Papers 202410, University of Macau, Faculty of Business Administration.
    14. Pablo Ruiz‐Verdú & Ravi Singh, 2021. "Public Thrift, Private Perks: Signaling Board Independence with Executive Pay," Journal of Finance, American Finance Association, vol. 76(2), pages 845-891, April.
    15. C.S. Agnes Cheng & Iftekhar Hasan & Feng Tang & Jing Xie, 2024. "Market Feedback Effect on CEO Pay: Evidence from Peers’ Say-on-Pay Voting Failures," Working Papers 202408, University of Macau, Faculty of Business Administration.
    16. Artiga González, Tanja & Calluzzo, Paul & Granic, Georg D., 2023. "Ballot order effects in independent director elections," Journal of Behavioral and Experimental Finance, Elsevier, vol. 39(C).
    17. Zhang, Shuran, 2021. "Directors’ career concerns: Evidence from proxy contests and board interlocks," Journal of Financial Economics, Elsevier, vol. 140(3), pages 894-915.
    18. Peter Iliev & Jonathan Kalodimos & Michelle Lowry, 2021. "Investors’ Attention to Corporate Governance [The “Wall Street Walk” and shareholder activism: Exit as a form of voice]," The Review of Financial Studies, Society for Financial Studies, vol. 34(12), pages 5581-5628.
    19. Aggarwal, Reena & Dahiya, Sandeep & Prabhala, Nagpurnanand R., 2019. "The power of shareholder votes: Evidence from uncontested director elections," Journal of Financial Economics, Elsevier, vol. 133(1), pages 134-153.

  8. Gao, Huasheng & Hsu, Po-Hsuan & Li, Kai, 2018. "Innovation Strategy of Private Firms," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 53(1), pages 1-32, February.

    Cited by:

    1. El Ghoul, Sadok & Gong, Zhaoran (Jason) & Guedhami, Omrane & Hou, Fangfang & Tong, Wilson H.S., 2023. "Social trust and firm innovation," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 84(C).
    2. Deng, Xin & Ali, Hesham & Aboelkheir, Heba, 2025. "Unleashing creative potential: The role of stable institutional ownership in exploratory innovation," Research Policy, Elsevier, vol. 54(3).
    3. Kumar, Amit & Operti, Elisa, 2025. "Recessions, institutions, and regional exploration," Research Policy, Elsevier, vol. 54(3).
    4. Gong Zhang & Shi Chen & Hongduo Yan, 2024. "Balancing Innovation and Efficiency: The Impact of Mixed Ownership Reform on Total Factor Productivity in Monopolized and Competitive Industries," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(4), pages 18952-18986, December.
    5. Xiangchao Hao & Qingbin Meng & Kaijuan Gao & Kam C. Chan, 2020. "The impact of initial public offerings on innovations: Short‐termism or initial governance force exit?," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 41(6), pages 924-942, September.
    6. Liu, Bai & Ju, Tao & Bai, Min & Yu, Chia-Feng (Jeffrey), 2021. "Imitative innovation and financial distress risk: The moderating role of executive foreign experience," International Review of Economics & Finance, Elsevier, vol. 71(C), pages 526-548.
    7. Hao, Xiangchao & Sun, Qinru & Xie, Fang, 2020. "Does foreign exchange derivatives market promote R&D? International industry-level evidence," Economic Modelling, Elsevier, vol. 91(C), pages 33-42.
    8. Terence J. V. Saldanha & Arvin Sahaym & Sunil Mithas & Mariana Giovanna Andrade-Rojas & Abhishek Kathuria & Hsiao-Hui Lee, 2020. "Turning Liabilities of Global Operations into Assets: IT-Enabled Social Integration Capacity and Exploratory Innovation," Information Systems Research, INFORMS, vol. 31(2), pages 361-382, June.
    9. Huang, Yi-Hou & Liang, Woan-lih & Truong, Quang-Thai & Wang, Yanzhi, 2022. "No new tricks for old dogs? Old directors and innovation performance," Technological Forecasting and Social Change, Elsevier, vol. 179(C).
    10. Onur Bayar & Yini Liu & Juan Mao, 2021. "How reverse merger firms raise capital in PIPEs: search costs and placement agent reputation," Review of Quantitative Finance and Accounting, Springer, vol. 56(1), pages 143-184, January.
    11. Zhang, Ping & Wang, Yiru & Gao, Jieying, 2023. "Going public and innovation: Evidence from the ChiNext stock market," Economic Analysis and Policy, Elsevier, vol. 80(C), pages 586-613.
    12. Joseph J. French & Ryosuke Fujitani & Yukihiro Yasuda, 2019. "Does Stock Market Listing Impact Investment in Japan?," NBER Working Papers 26495, National Bureau of Economic Research, Inc.
    13. Lingfei Kong & Gunratan Lonare & Ahmet Nart, 2022. "Industry tournament incentives and corporate innovation strategies," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 45(1), pages 124-161, March.
    14. Zhang, Xiaoqian & Yu, Mingqiang & Chen, Gaoquan, 2020. "Does mixed-ownership reform improve SOEs' innovation? Evidence from state ownership," China Economic Review, Elsevier, vol. 61(C).
    15. Kai Li & Jiaping Qiu & Jin Wang, 2019. "Technology Conglomeration, Strategic Alliances, and Corporate Innovation," Management Science, INFORMS, vol. 65(11), pages 5065-5090, November.
    16. Mariassunta Giannetti & Xiaoyun Yu, 2021. "Adapting to Radical Change: The Benefits of Short-Horizon Investors," Management Science, INFORMS, vol. 67(7), pages 4032-4055, July.
    17. Ivan Lugovoi & Dimitrios A. Andritsos & Claire Senot, 2022. "Novelty and scope of process innovation: The role of related and unrelated manufacturing experience," Production and Operations Management, Production and Operations Management Society, vol. 31(10), pages 3877-3895, October.
    18. Allen, Franklin & Qian, Jun & Qian, Meijun, 2018. "A Review of China’s Institutions," CEPR Discussion Papers 13269, C.E.P.R. Discussion Papers.
    19. Cheng, Chen & Li, Wanrong & Liu, Guanchun & Liu, Yuanyuan, 2023. "Origin matters: Institutional imprinting and family firm innovation in China," Emerging Markets Review, Elsevier, vol. 55(C).
    20. Malamud, Semyon & Zucchi, Francesca, 2016. "Liquidity, innovation, and endogenous growth," Working Paper Series 1919, European Central Bank.
    21. Na, Ke, 2020. "CEOs’ outside opportunities and relative performance evaluation: evidence from a natural experiment," Journal of Financial Economics, Elsevier, vol. 137(3), pages 679-700.
    22. Ho, Po-Hsin & Huang, Chia-Wei & Lin, Chih-Yung & Yen, Ju-Fang, 2024. "Risk culture in corporate innovation," International Review of Financial Analysis, Elsevier, vol. 91(C).
    23. Dai, Yanke & Du, Ting & Gao, Huasheng & Gu, Yan & Wang, Yongqin, 2024. "Patent pledgeability, trade secrecy, and corporate patenting," Journal of Corporate Finance, Elsevier, vol. 85(C).
    24. Qi Ma & Chi-Cheng Chang & Chin-Tsai Lin, 2021. "Detecting the Crisis of Supply Chain Management on E-Commerce for Sustainability Using Q-Technique," Sustainability, MDPI, vol. 13(16), pages 1-10, August.
    25. Mei Li & Zhubo Li & Li Hou, 2024. "Listing Years and Dual Innovation: The Moderating Effect of Slack," SAGE Open, , vol. 14(2), pages 21582440241, June.
    26. Bustamante, Maria Cecilia & Zucchi, Francesca, 2023. "Innovation, industry equilibrium, and discount rates," Working Paper Series 2835, European Central Bank.
    27. Zhi Chen & Shenglan Huang & Chong Liu & Min Min & Liying Zhou, 2018. "Fit between Organizational Culture and Innovation Strategy: Implications for Innovation Performance," Sustainability, MDPI, vol. 10(10), pages 1-18, September.
    28. Lyu, Yanying, 2024. "Essays in behavioral and empirical corporate finance," Other publications TiSEM a636d1ce-f80d-4aa1-9b28-0, Tilburg University, School of Economics and Management.
    29. Xihui Chen & Juan Ou & Xuemei Tang & Qinghe Yang, 2023. "The Impact of Officials’ Off-Office Accountability Audit of Natural Resource Assets on Firms’ Green Innovation Strategies: A Quasi-Natural Experiment in China," Sustainability, MDPI, vol. 15(3), pages 1-36, February.
    30. Nikhil Ramkrishna Bandodkar & Renu Singh, 2022. "Small and Startup IT Firms, Information Chasms, and the Market for Acquisitions," Businesses, MDPI, vol. 2(3), pages 1-21, September.
    31. Hsu, Po-Hsuan & Taylor, Mark P. & Wang, Zigan & Xu, Qi, 2022. "Currency volatility and global technological innovation," Journal of International Economics, Elsevier, vol. 137(C).
    32. Wang, Tao, 2023. "The ownership structure of corporate venture capital financing and innovation," Technovation, Elsevier, vol. 123(C).
    33. Fu Cheng & Yuyang Kang & Jiayun Huang, 2024. "Registration System Reform and Enterprise Innovation: Evidence from a Quasi-Natural Experiment of the Registration-Based IPO System Reform Pilot in China," Sustainability, MDPI, vol. 16(17), pages 1-26, September.
    34. Zhao, Qifeng & Li, Zhen & Yu, Yihua, 2021. "Does top management quality promote innovation? Firm-level evidence from China," China Economic Review, Elsevier, vol. 65(C).
    35. Po‐Hsuan Hsu & Hai‐Ping Hui & Hsiao‐Hui Lee & Kevin Tseng, 2022. "Supply chain technology spillover, customer concentration, and product invention," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 31(2), pages 393-417, April.
    36. Li, Fei & Zhang, Nana, 2025. "Digital transformation, innovation investment and quality," Finance Research Letters, Elsevier, vol. 75(C).
    37. Liu, Zack & Schiff, Avishai & Swem, Nathan, 2024. "Access to capital and investment composition: Evidence from fracking in North Dakota," Journal of Banking & Finance, Elsevier, vol. 161(C).
    38. Michael Machokoto & Tesfaye T. Lemma & Ouarda Dsouli & Rebecca Fakoussa & Eghosa Igudia, 2024. "Coupling men‐to‐women: Promoting innovation in emerging markets," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 29(3), pages 3656-3677, July.
    39. Liu, Tong & Mao, Yifei & Tian, Xuan, 2023. "The role of human capital: Evidence from corporate innovation," Journal of Empirical Finance, Elsevier, vol. 74(C).
    40. Gao, Lei & Han, Jianlei & Pan, Zheyao & Zhang, Huixuan, 2023. "Individualistic CEO and corporate innovation: Evidence from U.S. frontier culture," Research Policy, Elsevier, vol. 52(9).
    41. Wang, Jinbo & Ran, Maosheng & Huang, Qing & Li, Wanli, 2022. "Nationalization of private enterprises and default risk: Evidence from mixed-ownership reform in China," Economic Analysis and Policy, Elsevier, vol. 76(C), pages 534-553.
    42. Takashi Yoshida, 2021. "The benefit of being public: Evidence from survival analysis of corporate financing," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 44(4), pages 839-874, December.
    43. Qing Wan & Xiaoke Cheng & Kam C. Chan & Shenghao Gao, 2021. "Born to innovate? The birth‐order effect of CEOs on corporate innovation," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 48(9-10), pages 1846-1888, October.
    44. French, Joseph J. & Fujitani, Ryosuke & Yasuda, Yukihiro, 2020. "Under pressure: Listing status and disinvestment in Japan," Finance Research Letters, Elsevier, vol. 34(C).
    45. Tian, George Zhe & Yae, James, 2024. "Unintended consequences of punishment: Adverse effects of environmental penalties on green patents," Research in International Business and Finance, Elsevier, vol. 70(PA).
    46. Yizhong Wang & Linying Lv & Shanqiao Xia, 2022. "Initial public offering, corporate innovation and total factor productivity: Evidence from China," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 62(5), pages 4695-4726, December.
    47. Younge, Kenneth A. & Tong, Tony W., 2018. "Competitive pressure on the rate and scope of innovation," Journal of Economic Behavior & Organization, Elsevier, vol. 150(C), pages 162-181.
    48. Seong K. Byun & Jong-Min & Han Xia, 2021. "Incremental vs. Breakthrough Innovation: The Role of Technology Spillovers," Management Science, INFORMS, vol. 67(3), pages 1779-1802, March.
    49. Huang, Minjie & Kubick, Thomas R. & Tseng, Kevin, 2021. "Technology spillovers and the duration of executive compensation," Journal of Banking & Finance, Elsevier, vol. 131(C).
    50. Yang, Huan, 2021. "Institutional dual holdings and risk-shifting: Evidence from corporate innovation," Journal of Corporate Finance, Elsevier, vol. 70(C).
    51. Machokoto, Michael, 2024. "The impact of cultural orientation towards secrecy on innovation," Economics Letters, Elsevier, vol. 234(C).
    52. Su, Kun & Wu, Ji & Lu, Yue, 2022. "With trust we innovate: Evidence from corporate R&D expenditure," Technological Forecasting and Social Change, Elsevier, vol. 182(C).
    53. Liu, Guanchun & Lu, Di & Yang, Jinyu, 2023. "Innovation for promotion: The effect of executive involvement on inventors' innovation choice," Journal of Corporate Finance, Elsevier, vol. 80(C).
    54. Dougal, Casey & Rettl, Daniel A., 2021. "Firm listing status and the investment home bias," Journal of Corporate Finance, Elsevier, vol. 71(C).
    55. Zhong, Tingyong & Duan, Ying & Ding, Zhiguo, 2024. "How bankruptcy system innovation affects firm investment behavior: A quasi-natural experiment based on the establishment of bankruptcy courts in China," International Review of Financial Analysis, Elsevier, vol. 96(PB).
    56. Chen, I-Ju & Hsu, Po-Hsuan & Officer, Micah S. & Wang, Yanzhi, 2020. "The Oscar goes to…: High-tech firms’ acquisitions in response to rivals’ technology breakthroughs," Research Policy, Elsevier, vol. 49(7).
    57. Chen, I-Ju & Hsu, Po-Hsuan & Wang, Yanzhi, 2022. "Staggered boards and product innovations: Evidence from Massachusetts State Bill HB 5640," Research Policy, Elsevier, vol. 51(4).
    58. Bostan, Ibrahim & Lin, Ji-Chai & Mian, G. Mujtaba, 2024. "Do firms manage their share prices to mitigate investor short-termism?," Journal of Corporate Finance, Elsevier, vol. 84(C).
    59. Byun, Seong K. & Oh, Jong-Min & Xia, Han, 2023. "R&D tax credits, technology spillovers, and firms' product convergence," Journal of Corporate Finance, Elsevier, vol. 80(C).
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    61. Biniam Getnet Agazu & Chalchissa Amentie Kero, 2024. "Innovation strategy and firm competitiveness: a systematic literature review," Journal of Innovation and Entrepreneurship, Springer, vol. 13(1), pages 1-17, December.
    62. Shang, Chenguang, 2020. "Trade credit and stock liquidity," Journal of Corporate Finance, Elsevier, vol. 62(C).
    63. Rui Torres de Oliveira & Simona Gentile-Lüdecke & Sandra Figueira, 2022. "Barriers to innovation and innovation performance: the mediating role of external knowledge search in emerging economies," Small Business Economics, Springer, vol. 58(4), pages 1953-1974, April.
    64. Linh Thompson, 2024. "Employee health and corporate innovation: Evidence from medical cannabis legalisation," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 64(4), pages 3927-3950, December.
    65. Lin-Hua Lu & Poh-Kam Wong, 2019. "Performance feedback, financial slack and the innovation behavior of firms," Asia Pacific Journal of Management, Springer, vol. 36(4), pages 1079-1109, December.

  9. Gao, Huasheng & Harford, Jarrad & Li, Kai, 2017. "CEO Turnover–Performance Sensitivity in Private Firms," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 52(2), pages 583-611, April.

    Cited by:

    1. Sahuguet, Nicolas & Chaigneau, Pierre, 2021. "The Complementarity between Signal Informativeness and Monitoring," CEPR Discussion Papers 15625, C.E.P.R. Discussion Papers.
    2. Samuel Cole & Duha T. Altindag, 2023. "Managerial turnover in primary care clinics," Economic Inquiry, Western Economic Association International, vol. 61(4), pages 942-964, October.
    3. Tran, Dung Viet & Kabir Hassan, M. & Houston, Reza, 2019. "How does listing status affect bank risk? The effects of crisis, market discipline and regulatory pressure on listed and unlisted BHCs," The North American Journal of Economics and Finance, Elsevier, vol. 49(C), pages 85-103.
    4. Joseph J. French & Ryosuke Fujitani & Yukihiro Yasuda, 2019. "Does Stock Market Listing Impact Investment in Japan?," NBER Working Papers 26495, National Bureau of Economic Research, Inc.
    5. Alexandre Garel & Arthur Petit-Romec, 2021. "Engaging Employees for the Long Run: Long-Term Investors and Employee-Related CSR," Journal of Business Ethics, Springer, vol. 174(1), pages 35-63, November.
    6. Dung Viet Tran & M. Kabir Hassan & Reza Houston, 2020. "Discretionary loan loss provision behavior in the US banking industry," Review of Quantitative Finance and Accounting, Springer, vol. 55(2), pages 605-645, August.
    7. Doucet, Pablo & Requejo, Ignacio, 2022. "Financing constraints and growth of private family firms: Evidence from different legal origins," Finance Research Letters, Elsevier, vol. 44(C).
    8. Ugur Lel & Darius Miller & Natalia Reisel, 2019. "Explaining top management turnover in private corporations: The role of cross-country legal institutions and capital market forces," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 50(5), pages 720-739, July.
    9. Youngsang Kim & Sophia Soyoung Jeong & Daphne W. Yiu & Jinhee Moon, 2021. "Frequent CEO Turnover and Firm Performance: The Resilience Effect of Workforce Diversity," Journal of Business Ethics, Springer, vol. 173(1), pages 185-203, September.
    10. Sergio Foldes Guimarães & André Luiz Carvalhal Silva, 2023. "Top management team turnover in Brazil: the role of corporate governance in family-controlled companies," International Journal of Disclosure and Governance, Palgrave Macmillan, vol. 20(3), pages 261-273, September.
    11. Barros, Victor & Guedes, Maria João & Santos, Pedro & Sarmento, Joaquim Miranda, 2022. "Does CEO turnover influence dividend policy?," Finance Research Letters, Elsevier, vol. 44(C).
    12. Cyrus Aghamolla & Tadashi Hashimoto, 2021. "Aggressive Boards and CEO Turnover," Journal of Accounting Research, Wiley Blackwell, vol. 59(2), pages 437-486, May.
    13. Zuo, Yuehua & Liu, Xiaojun & Jiang, Feng & Shen, Shulin, 2024. "Sharpened “Real Teeth” of China's securities regulatory agency: Evidence from CEO turnover," International Review of Economics & Finance, Elsevier, vol. 96(PB).
    14. Xiaoli Hu & Ya Kang & Oliver Zhen Li & Yupeng Lin, 2025. "Trump election and minority CEO pessimism," Review of Accounting Studies, Springer, vol. 30(1), pages 950-993, March.
    15. Svetlana V. OREKHOVA & Larisa Sh. KUDIN & Aleksandra V. KUPERA, 2019. "CEO turnover and company performance: Sensitivity and empirical estimates," Upravlenets, Ural State University of Economics, vol. 10(4), pages 2-13, September.
    16. Ghaly, Mohamed & Dang, Viet Anh & Stathopoulos, Konstantinos, 2020. "Institutional investors' horizons and corporate employment decisions," Journal of Corporate Finance, Elsevier, vol. 64(C).
    17. Harford, Jarrad & Kecskés, Ambrus & Mansi, Sattar, 2018. "Do long-term investors improve corporate decision making?," Journal of Corporate Finance, Elsevier, vol. 50(C), pages 424-452.
    18. Nguyen, Phuong-Anh & Kecskés, Ambrus & Mansi, Sattar, 2020. "Does corporate social responsibility create shareholder value? The importance of long-term investors," Journal of Banking & Finance, Elsevier, vol. 112(C).
    19. Liu, Yixin & Liu, Yu & Wei, Zuobao, 2022. "Property rights protection, financial constraint, and capital structure choices: Evidence from a Chinese natural experiment," Journal of Corporate Finance, Elsevier, vol. 73(C).
    20. Jung, Jay Heon & Lim, Sonya S. & Park, Jongwon, 2023. "Is your surname remunerative? Surname favorability and CEO compensation," Journal of Corporate Finance, Elsevier, vol. 83(C).
    21. Golubov, Andrey & Xiong, Nan, 2020. "Post-acquisition performance of private acquirers," Journal of Corporate Finance, Elsevier, vol. 60(C).
    22. Takashi Yoshida, 2021. "The benefit of being public: Evidence from survival analysis of corporate financing," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 44(4), pages 839-874, December.
    23. Abdulla, Yomna & Dang, Viet Anh & Khurshed, Arif, 2020. "Suppliers' listing status and trade credit provision," Journal of Corporate Finance, Elsevier, vol. 60(C).
    24. French, Joseph J. & Fujitani, Ryosuke & Yasuda, Yukihiro, 2020. "Under pressure: Listing status and disinvestment in Japan," Finance Research Letters, Elsevier, vol. 34(C).
    25. Zhong, Ruohan & Li, Yanxi & Wang, Yun, 2021. "Multiple large shareholders, control contests, and forced CEO turnover," Emerging Markets Review, Elsevier, vol. 48(C).
    26. Yang, Guang & Huang, Ruixian & Shi, Yukun & Jia, Zhehao, 2021. "Does a CEO's private reputation impede corporate governance?," Economic Modelling, Elsevier, vol. 104(C).
    27. Abdulla, Yomna & Dang, Viet Anh & Khurshed, Arif, 2017. "Stock market listing and the use of trade credit: Evidence from public and private firms," Journal of Corporate Finance, Elsevier, vol. 46(C), pages 391-410.
    28. Chemmanur, Thomas J. & Hu, Gang & Li, Yingzhen & Xie, Jing, 2021. "Institutional trading, information production, and forced CEO turnovers," Journal of Corporate Finance, Elsevier, vol. 67(C).
    29. Barros, Victor & Guedes, Maria João & Santos, Joana & Sarmento, Joaquim Miranda, 2023. "Shareholder activism and firms’ performance," Research in International Business and Finance, Elsevier, vol. 64(C).
    30. Inho Suk & Seungwon Lee & William Kross, 2021. "CEO Turnover and Accounting Earnings: The Role of Earnings Persistence," Management Science, INFORMS, vol. 67(5), pages 3195-3218, May.
    31. Masatoshi Kato & Yuji Honjo, 2020. "CEO Succession and New-Firm Performance: Does Successor Origin Matter?," Discussion Paper Series 213, School of Economics, Kwansei Gakuin University.
    32. Farooq, Muhammad Umar & Gyapong, Ernest & Gull, Ammar Ali & Usman, Muhammad & Javed, Muzhar & Tawiah, Vincent, 2025. "Do women directors influence CEO performance-induced turnover in China?," Journal of Business Research, Elsevier, vol. 186(C).
    33. He, Eric & Jacob, Martin & Vashishtha, Rahul & Venkatachalam, Mohan, 2022. "Does differential taxation of short-term relative to long-term capital gains affect long-term investment?," Journal of Accounting and Economics, Elsevier, vol. 74(1).
    34. Yu, Qianqian, 2025. "Do venture capital-driven top management changes enhance corporate innovation in private firms?," Journal of Banking & Finance, Elsevier, vol. 171(C).
    35. Christian Dreyer & Oliver Schulz, 2023. "Policy uncertainty and corporate investment: public versus private firms," Review of Managerial Science, Springer, vol. 17(5), pages 1863-1898, July.
    36. Caselli, Stefano & Gatti, Stefano & Chiarella, Carlo & Gigante, Gimede & Negri, Giulia, 2023. "Do shareholders really matter for firm performance? Evidence from the ownership characteristics of Italian listed companies," International Review of Financial Analysis, Elsevier, vol. 86(C).
    37. Desir, Rosemond & Seavey, Scott E. & Thevenot, Maya, 2024. "Information transfer of CEO turnover: Evidence from firm-CEO mismatch," Journal of Corporate Finance, Elsevier, vol. 84(C).

  10. Dale Griffin & Omrane Guedhami & Chuck C Y Kwok & Kai Li & Liang Shao, 2017. "National culture: The missing country-level determinant of corporate governance," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 48(6), pages 740-762, August.

    Cited by:

    1. El Ghoul, Sadok & Guedhami, Omrane & Kwok, Chuck C.Y. & Zheng, Ying, 2019. "Collectivism and the costs of high leverage," Journal of Banking & Finance, Elsevier, vol. 106(C), pages 227-245.
    2. Conlon, Thomas & Huan, Xing & Muckley, Cal B., 2024. "Does national culture influence malfeasance in banks around the world?," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 90(C).
    3. Lin, Zih-Ying, 2025. "The effect of culture on global NFT investor attention," Pacific-Basin Finance Journal, Elsevier, vol. 90(C).
    4. Bedendo, Mascia & Garcia-Appendini, Emilia & Siming, Linus, 2023. "Managers' cultural origin and corporate response to an economic shock," Journal of Corporate Finance, Elsevier, vol. 80(C).
    5. Döring, Simon & Drobetz, Wolfgang & El Ghoul, Sadok & Guedhami, Omrane & Schröder, Henning, 2021. "Cross-country determinants of institutional investors’ investment horizons," Finance Research Letters, Elsevier, vol. 39(C).
    6. Nistor, Simona & Fărcaș, Ioana Georgiana, 2025. "Does national culture affect macroprudential policy? An international investigation of regulatory behavior on macroprudential interventions," Journal of Behavioral and Experimental Finance, Elsevier, vol. 45(C).
    7. Yu Sung Ha & Jangkoo Kang & Kyung Yoon Kwon, 2025. "CEO cultural heritage and R&D expenditures," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 30(2), pages 1390-1410, April.
    8. Dai, Na & Nahata, Rajarishi & Brauner, Aaron, 2022. "Does individualism matter for hedge funds? A cross-country examination," Journal of Corporate Finance, Elsevier, vol. 72(C).
    9. Chen, Tao, 2020. "Does news affect disagreement in global markets?," Journal of Business Research, Elsevier, vol. 109(C), pages 174-183.
    10. Lu, Weijie & Niu, Geng & Zhou, Yang, 2021. "Individualism and financial inclusion," Journal of Economic Behavior & Organization, Elsevier, vol. 183(C), pages 268-288.
    11. Fauver, Larry & McDonald, Michael B. & Taboada, Alvaro G., 2018. "Does it pay to treat employees well? International evidence on the value of employee-friendly culture," Journal of Corporate Finance, Elsevier, vol. 50(C), pages 84-108.
    12. Ashish Sood & V Kumar, 2018. "Client profitability of diffusion segments across countries for multi-generational innovations: The influence of firm, market, and cross-national differences," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 49(9), pages 1237-1262, December.
    13. Duan, Yuejiao & Guedhami, Omrane & Li, Xinming & Zhao, Daxuan, 2024. "Individualism and bank financial structure similarity," Journal of International Money and Finance, Elsevier, vol. 148(C).
    14. Song, Sangcheol, 2022. "Cultural diversification, human resource-based coordination, and downside risks of multinationality," Journal of Business Research, Elsevier, vol. 142(C), pages 562-571.
    15. Srivastava, Saurabh & Singh, Shiwangi & Dhir, Sanjay, 2020. "Culture and International business research: A review and research agenda," International Business Review, Elsevier, vol. 29(4).
    16. Ugur Lel & Darius Miller & Natalia Reisel, 2019. "Explaining top management turnover in private corporations: The role of cross-country legal institutions and capital market forces," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 50(5), pages 720-739, July.
    17. Nishant Dass & Vikram Nanda & Steven Chong Xiao, 2021. "Geographic Clustering of Corruption in the United States," Journal of Business Ethics, Springer, vol. 173(3), pages 577-597, October.
    18. Hien Thi Thuc Nguyen & Subhan Ullah & Hanh Thi My Le & Affan Hameed, 2023. "Sustainability Targets in Executive Remuneration Contracts and Corporate Sustainability Performance in the United Kingdom and European Union," Environment Systems and Decisions, Springer, vol. 43(3), pages 393-415, September.
    19. Naeem, Muhammad & Khurram, Shahzad, 2020. "Does a CEO's culture affect dividend policy?," Finance Research Letters, Elsevier, vol. 35(C).
    20. Foley, Sean & Frijns, Bart & Garel, Alexandre & Roh, Tai-Yong, 2022. "Who buys Bitcoin? The cultural determinants of Bitcoin activity," International Review of Financial Analysis, Elsevier, vol. 84(C).
    21. Lu, Feifei & Zhu, Zhu & Zhu, Lina & Gao, Hao, 2022. "Political tie hot potato: The contingent effect of China's anti-corruption policy on cash and innovation," Research Policy, Elsevier, vol. 51(4).
    22. Douglas Cumming & Minjie Zhang, 2019. "Angel investors around the world," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 50(5), pages 692-719, July.
    23. Ashraf, Badar Nadeem & El Ghoul, Sadok & Goodell, John W. & Guedhami, Omrane, 2022. "What does COVID-19 teach us about the role of national culture? Evidence from social distancing restrictions," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 80(C).
    24. Franklin Allen & Meijun Qian, 2025. "Alternative finance in the international business context: a review and future research," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 56(1), pages 43-61, February.
    25. Jiatao Li & Haoyuan Ding & Yichuan Hu & Guoguang Wan, 2021. "Dealing with dynamic endogeneity in international business research," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 52(3), pages 339-362, April.
    26. Zhe An & Zhian Chen & Donghui Li & Lu Xing, 2018. "Individualism and stock price crash risk," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 49(9), pages 1208-1236, December.
    27. Wang, Haifei & Guo, Ting & Tang, Qingliang, 2021. "The effect of national culture on corporate green proactivity," Journal of Business Research, Elsevier, vol. 131(C), pages 140-150.
    28. Maria Aluchna & Maria Roszkowska‐Menkes & Sana Khan, 2024. "Corporate governance perspective on environmental reporting: Literature review and future research agenda," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 31(3), pages 1550-1577, May.
    29. Aram, Mohsen & Nejadmalayeri, Ali, 2023. "National culture, lines of credit, and firm liquidity," International Review of Financial Analysis, Elsevier, vol. 90(C).
    30. Ofer Mintz & Imran S Currim & Jan-Benedict E M Steenkamp & Martijn Jong, 2021. "Managerial metric use in marketing decisions across 16 countries: A cultural perspective," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 52(8), pages 1474-1500, October.
    31. Zhihui Gu & Rui Zhang, 2025. "Management behaviour in Confucian culture," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 46(4), pages 2249-2253, June.
    32. Ronald Fischer & Maria Cristina Ferreira & Nathalie Meurs & Kubilay Gok & Ding-Yu Jiang & Johnny R J Fontaine & Charles Harb & Jan Cieciuch & Mustapha Achoui & Ma Socorro D Mendoza & Arif Hassan & Don, 2019. "Does organizational formalization facilitate voice and helping organizational citizenship behaviors? It depends on (national) uncertainty norms," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 50(1), pages 125-134, February.
    33. Mark F Peterson & Tais S Barreto, 2018. "Interpreting societal culture value dimensions," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 49(9), pages 1190-1207, December.
    34. Xuhui Peng & Jingduan Li & Qingliang Tang & Yi‐Chen Lan & Xinjian Cui, 2024. "Do environmental scores become multinational corporations' strategic “greenwashing” tool for window‐dressing carbon reduction? A cross‐cultural analysis," Business Strategy and the Environment, Wiley Blackwell, vol. 33(3), pages 2084-2115, March.
    35. Wang, Wenzhao & Duxbury, Darren, 2021. "Institutional investor sentiment and the mean-variance relationship: Global evidence," Journal of Economic Behavior & Organization, Elsevier, vol. 191(C), pages 415-441.
    36. Remzi Gözübüyük & Carl Joachim Kock & Murat Ünal, 2020. "Who appropriates centrality rents? The role of institutions in regulating social networks in the global Islamic finance industry," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 51(5), pages 764-787, July.
    37. Griffin, Dale & Guedhami, Omrane & Li, Kai & Lu, Guangli, 2021. "National culture and the valueto implications of corporate environmental and social performance," Journal of Corporate Finance, Elsevier, vol. 71(C).
    38. Alessandro Zattoni & Emmanouil Dedoulis & Stergios Leventis & Hans Van Ees, 2020. "Corporate governance and institutions—A review and research agenda," Corporate Governance: An International Review, Wiley Blackwell, vol. 28(6), pages 465-487, November.
    39. Breuer, Wolfgang & Knetsch, Andreas, 2022. "Informal authority and economic outcomes of family firms: An issue of national power distance," International Review of Financial Analysis, Elsevier, vol. 81(C).
    40. Boubakri, Narjess & Cao, Zhongyu & El Ghoul, Sadok & Guedhami, Omrane & Li, Xinming, 2023. "National culture and bank liquidity creation," Journal of Financial Stability, Elsevier, vol. 64(C).
    41. Licht, Amir N. & Adams, Renee B., 2020. "Shareholders and Stakeholders around the World: The Role of Values, Culture, and Law in Directors' Decisions," LawFin Working Paper Series 13, Goethe University, Center for Advanced Studies on the Foundations of Law and Finance (LawFin).
    42. Yilmaz Yildiz & Mehmet Baha Karan, 2020. "Environmental policies, national culture, and stock price crash risk: Evidence from renewable energy firms," Business Strategy and the Environment, Wiley Blackwell, vol. 29(6), pages 2374-2391, September.
    43. Cao, Zhongyu & El Ghoul, Sadok & Guedhami, Omrane & Kwok, Chuck, 2020. "National culture and the choice of exchange rate regime," Journal of International Money and Finance, Elsevier, vol. 101(C).
    44. James N Cannon & Bingbing Hu & Jay Junghun Lee & Daoguang Yang, 2020. "The effect of international takeover laws on corporate resource adjustments: Market discipline and/or managerial myopia?," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 51(9), pages 1443-1477, December.
    45. María Sacristán-Navarro & Irma Martínez-García & Rodrigo Basco & Silvia Gómez-Ansón, 2025. "Context matters! Insights into family ownership of listed firms across Europe," Review of Regional Research: Jahrbuch für Regionalwissenschaft, Springer;Gesellschaft für Regionalforschung (GfR), vol. 45(1), pages 109-151, March.
    46. Tung Lam Dang & Robert Faff & Hoang Luong & Lily Nguyen, 2019. "Individualistic cultures and crash risk," European Financial Management, European Financial Management Association, vol. 25(3), pages 622-654, June.
    47. Hamdi Driss & Sadok El Ghoul & Omrane Guedhami & John K. Wald, 2023. "Governance and leverage: International evidence," The Financial Review, Eastern Finance Association, vol. 58(2), pages 261-285, May.
    48. Bedendo, Mascia & Garcia-Appendini, Emilia & Siming, Linus, 2017. "Cultural Preferences and the Choice between Formal and Informal Financing," Working Papers on Finance 1707, University of St. Gallen, School of Finance.
    49. Jérémie Bertrand & Paul-Olivier Klein & Fotios Pasiouras, 2024. "National culture of secrecy and firms’ access to credit," Post-Print hal-04691594, HAL.
    50. Thomas Rockstuhl & Robert Eisenberger & Lynn M. Shore & James N. Kurtessis & Michael T. Ford & Louis C. Buffardi & Salar Mesdaghinia, 2020. "Perceived organizational support (POS) across 54 nations: A cross-cultural meta-analysis of POS effects," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 51(6), pages 933-962, August.
    51. Mazzi, Francesco & Slack, Richard & Tsalavoutas, Ioannis, 2018. "The effect of corruption and culture on mandatory disclosure compliance levels: Goodwill reporting in Europe," Journal of International Accounting, Auditing and Taxation, Elsevier, vol. 31(C), pages 52-73.
    52. Boubakri, Narjess & Durnev, Art & Oliveira dos Santos, Igor, 2025. "State ownership and financial reporting quality: Evidence from natural advantage industries," Journal of Corporate Finance, Elsevier, vol. 91(C).
    53. Fărcaș, Ioana Georgiana & Nistor, Simona, 2023. "The impact of culture on government interventions in the banking sector," Economic Modelling, Elsevier, vol. 129(C).
    54. Kuo, Nan-Ting & Lee, Cheng-Few, 2024. "Public governance and the demand for corporate governance: The role of political institutions," Research in International Business and Finance, Elsevier, vol. 67(PB).
    55. Pasiouras, Fotios & Samet, Anis, 2022. "Social capital and the cost of bank equity: Cross-country evidence," Journal of Banking & Finance, Elsevier, vol. 141(C).
    56. Chen, Yangyang & Chui, Andy C.W. & Goyal, Abhinav & Veeraraghavan, Madhu, 2022. "Societal secrecy and IPO underpricing," Journal of Corporate Finance, Elsevier, vol. 76(C).
    57. Zhi Cao & Yuan Li & Jayanth Jayaram & Yi Liu & Fabrice Lumineau, 2018. "A meta-analysis of the exchange hazards–interfirm governance relationship: An informal institutions perspective," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 49(3), pages 303-323, April.
    58. Huma Fatima & Abdul Haque & Muhammad Usman, 2020. "Is there any association between real earnings management and crash risk of stock price during uncertainty? An evidence from family-owned firms in an emerging economy," Future Business Journal, Springer, vol. 6(1), pages 1-12, December.

  11. Li, Kai & Wang, Wei, 2016. "Debtor-in-possession financing, loan-to-loan, and loan-to-own," Journal of Corporate Finance, Elsevier, vol. 39(C), pages 121-138.

    Cited by:

    1. Amol Baxi, 2023. "Interim Finance in Creditor-Oriented Bankruptcy Codes: A Study in the Context of Insolvency & Bankruptcy Code, India," Vikalpa: The Journal for Decision Makers, , vol. 48(3), pages 189-205, September.
    2. Song Ma & Joy Tianjiao Tong & Wei Wang, 2022. "Bankrupt Innovative Firms," Management Science, INFORMS, vol. 68(9), pages 6971-6992, September.
    3. Campello, Murillo & Connolly, Robert A. & Kankanhalli, Gaurav & Steiner, Eva, 2022. "Do real estate values boost corporate borrowing? Evidence from contract-level data," Journal of Financial Economics, Elsevier, vol. 144(2), pages 611-644.
    4. Lu, Jing & Wang, Jun, 2021. "Corporate governance, law, culture, environmental performance and CSR disclosure: A global perspective," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 70(C).
    5. Mao-Wei Hung & Wen-Hsin Tsai, 2020. "Managerial optimism, CEO retention, and corporate performance: evidence from bankruptcy-filing firms," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 44(3), pages 506-527, July.

  12. Maurice Levi & Kai Li & Feng Zhang, 2015. "Are Women More Likely to Seek Advice than Men? Evidence from the Boardroom," JRFM, MDPI, vol. 8(1), pages 1-23, February.

    Cited by:

    1. Jaehong Lee, 2021. "CEO Overconfidence and Voluntary Disclosure of Greenhouse Gas Emissions: With a Focus on the Role of Corporate Governance," Sustainability, MDPI, vol. 13(11), pages 1-19, May.
    2. Jaehong Lee & Eunsoo Kim, 2021. "Would Overconfident CEOs Engage More in Environment, Social, and Governance Investments? With a Focus on Female Representation on Boards," Sustainability, MDPI, vol. 13(6), pages 1-16, March.
    3. Pier Luigi Marchini & Veronica Tibiletti & Tatiana Mazza & Gianluca Gabrielli, 2022. "Gender quotas and the environment: Environmental performance and enforcement," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 29(1), pages 256-272, January.
    4. Liu, Chelsea, 2021. "CEO gender and employee relations: Evidence from labor lawsuits," Journal of Banking & Finance, Elsevier, vol. 128(C).
    5. Konadu, Renata & Ahinful, Gabriel Sam & Boakye, Danquah Jeff & Elbardan, Hany, 2022. "Board gender diversity, environmental innovation and corporate carbon emissions," Technological Forecasting and Social Change, Elsevier, vol. 174(C).
    6. Takahashi, Hidenori & Honjo, Yuji & Kato, Masatoshi, 2024. "The gender gap in the first deal: Equity split among founding teams," Journal of Banking & Finance, Elsevier, vol. 168(C).
    7. Baeckström, Ylva & Marsh, Ian W. & Silvester, Joanne, 2021. "Financial advice and gender: Wealthy individual investors in the UK," Journal of Corporate Finance, Elsevier, vol. 71(C).
    8. Liu, Chelsea, 2018. "Are women greener? Corporate gender diversity and environmental violations," Journal of Corporate Finance, Elsevier, vol. 52(C), pages 118-142.
    9. Kovacheva, Aleksandra & Nikolova, Hristina & Lamberton, Cait, 2022. "Will he buy a surprise? Gender differences in the purchase of surprise offerings," Journal of Retailing, Elsevier, vol. 98(4), pages 667-684.
    10. Eleanor Kirk, 2018. "The ‘Problem’ with the Employment Tribunal System: Reform, Rhetoric and Realities for the Clients of Citizens’ Advice Bureaux," Work, Employment & Society, British Sociological Association, vol. 32(6), pages 975-991, December.

  13. Gao, Huasheng & Li, Kai, 2015. "A comparison of CEO pay–performance sensitivity in privately-held and public firms," Journal of Corporate Finance, Elsevier, vol. 35(C), pages 370-388.

    Cited by:

    1. Katarzyna Cieślak, 2018. "Agency conflicts, executive compensation regulations and CEO pay-performance sensitivity: evidence from Sweden," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 22(3), pages 535-563, September.
    2. Bunkanwanicha, Pramuan & Di Giuli, Alberta & Salvade, Federica, 2022. "Bank CEO careers after bailouts: The effects of management turnover on bank risk," Journal of Financial Intermediation, Elsevier, vol. 52(C).
    3. Joseph J. French & Ryosuke Fujitani & Yukihiro Yasuda, 2019. "Does Stock Market Listing Impact Investment in Japan?," NBER Working Papers 26495, National Bureau of Economic Research, Inc.
    4. Kweh, Qian Long & Tebourbi, Imen & Lo, Huai-Chun & Huang, Cheng-Tsu, 2022. "CEO compensation and firm performance: Evidence from financially constrained firms," Research in International Business and Finance, Elsevier, vol. 61(C).
    5. Li, Kai & Wang, Wei, 2016. "Debtor-in-possession financing, loan-to-loan, and loan-to-own," Journal of Corporate Finance, Elsevier, vol. 39(C), pages 121-138.
    6. Chen, Yuyang & Wang, Xinlu & Chen, Kun, 2023. "Stock market liberalization and pay for market-based performance: Evidence from a quasi-natural experiment in China," Pacific-Basin Finance Journal, Elsevier, vol. 79(C).
    7. Ruijie Sun & Feng Liu & Yinan Li & Rongping Wang & Jing Luo, 2024. "Machine Learning for Predicting Corporate Violations: How Do CEO Characteristics Matter?," Journal of Business Ethics, Springer, vol. 195(1), pages 151-166, November.
    8. Chua, Ansley & Nasser, Tareque, 2016. "Insider sales in IPOs: Consequences of liquidity needs," Journal of Corporate Finance, Elsevier, vol. 39(C), pages 1-17.
    9. Mario Coccia & Igor Benati, 2017. "What is the relation between public manager compensation and government effectiveness? An explorative analysis with public management implications," quaderni IRCrES 201701, CNR-IRCrES Research Institute on Sustainable Economic Growth - Moncalieri (TO) ITALY - former Institute for Economic Research on Firms and Growth - Torino (TO) ITALY.
    10. Chen, Fengqin & Huyghebaert, Nancy & Lin, Sen & Wang, Lihong, 2019. "Do multiple large shareholders reduce agency problems in state-controlled listed firms? Evidence from China," Pacific-Basin Finance Journal, Elsevier, vol. 57(C).
    11. A‐Sung Hong, 2024. "Beyond the finish line: How losing in patent race drives post‐race innovation," Strategic Management Journal, Wiley Blackwell, vol. 45(5), pages 968-993, May.
    12. Ibrahim, Salma & Li, Hao & Yan, Yan & Zhao, Jinsha, 2021. "Pay me a single figure! Assessing the impact of single figure regulation on CEO pay," International Review of Financial Analysis, Elsevier, vol. 73(C).
    13. Reon Matemane & Tankiso Moloi & Michael Adelowotan, 2022. "Appraising Executive Compensation ESG-Based Indicators Using Analytical Hierarchical Process and Delphi Techniques," JRFM, MDPI, vol. 15(10), pages 1-19, October.
    14. Eckbo, B. Espen & Thorburn, Karin S. & Wang, Wei, 2016. "How costly is corporate bankruptcy for the CEO?," Journal of Financial Economics, Elsevier, vol. 121(1), pages 210-229.
    15. Golubov, Andrey & Xiong, Nan, 2020. "Post-acquisition performance of private acquirers," Journal of Corporate Finance, Elsevier, vol. 60(C).
    16. Takashi Yoshida, 2021. "The benefit of being public: Evidence from survival analysis of corporate financing," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 44(4), pages 839-874, December.
    17. Abdulla, Yomna & Dang, Viet Anh & Khurshed, Arif, 2020. "Suppliers' listing status and trade credit provision," Journal of Corporate Finance, Elsevier, vol. 60(C).
    18. French, Joseph J. & Fujitani, Ryosuke & Yasuda, Yukihiro, 2020. "Under pressure: Listing status and disinvestment in Japan," Finance Research Letters, Elsevier, vol. 34(C).
    19. Bian, Wenlong & Ji, Yang & Zhang, Hao, 2019. "Does dialect similarity add value to banks? Evidence from China," Journal of Banking & Finance, Elsevier, vol. 101(C), pages 226-241.
    20. Kam C. Chan & Tao Chen & Baohua Liu & Junfeng Wu, 2022. "Air pollution and CEO compensation: Evidence from China," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 31(2), pages 448-469, April.
    21. Igor Benati & Mario Coccia, 2017. "The relation between public manager compensation and members of parliament’s salary across OECD countries: explorative analysis and possible determinants with public policy implications," quaderni IRCrES 201702, CNR-IRCrES Research Institute on Sustainable Economic Growth - Moncalieri (TO) ITALY - former Institute for Economic Research on Firms and Growth - Torino (TO) ITALY.
    22. Abdulla, Yomna & Dang, Viet Anh & Khurshed, Arif, 2017. "Stock market listing and the use of trade credit: Evidence from public and private firms," Journal of Corporate Finance, Elsevier, vol. 46(C), pages 391-410.
    23. Amjad Wajdi Noor Ahmad Kamal & Ameer Irfhan Arshad & Norliza Che-Yahya & Siti Sarah Alyasa-Gan, 2023. "Performance of Shariah vs Non-Shariah Firms: A Study of Manufacturing Sector in Malaysia," Information Management and Business Review, AMH International, vol. 15(1), pages 149-163.
    24. Ralf Winkler & Maximilian Behrmann, 2019. "Aufsichtsratsvergütung und Überwachungseffektivität: Empirische Befunde für börsennotierte Gesellschaften in Deutschland [Supervisory Board Compensation and Monitoring Effectiveness: Evidence from ," Schmalenbach Journal of Business Research, Springer, vol. 71(3), pages 381-414, November.
    25. Liu, Xinyu & Gao, Shuanping & Tong, Lijing & Li, Jiyuan, 2025. "Multiple large shareholders and pay-performance sensitivity: Evidence from China," Research in International Business and Finance, Elsevier, vol. 73(PA).
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    Cited by:

    1. Hongyu Peng & Tirapot Chandarasupsang, 2023. "The Effect of Female Directors on ESG Practice: Evidence from China," IJFS, MDPI, vol. 11(2), pages 1-20, April.
    2. Júlio Lobão, 2024. "The Influence of Gender on Individuals’ Ability to Predict Their Own Risk Tolerance: Evidence from a European Country," Administrative Sciences, MDPI, vol. 14(3), pages 1-16, March.
    3. Yu, Zhi & Wang, Qun & Zhao, Xiangfang & Zhao, Qiong, 2025. "Do female executives play a role in corporate green business philosophy?," International Review of Financial Analysis, Elsevier, vol. 99(C).
    4. Lucas, Ryley & Gunasekarage, Abeyratna & Shams, Syed & Edirisuriya, Piyadasa, 2021. "Female directors and acquisitions: Australian evidence," Pacific-Basin Finance Journal, Elsevier, vol. 68(C).
    5. Tyrowicz, Joanna & Terjesen, Siri & Mazurek, Jakub, 2020. "All on board? New evidence on board gender diversity from a large panel of European firms," European Management Journal, Elsevier, vol. 38(4), pages 634-645.
    6. Tleubayev, Alisher & Bobojonov, Ihtiyor & Gagalyuk, Taras & Glauben, Thomas, 2020. "Board gender diversity and firm performance: evidence from the Russian agri-food industry," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 23(01).
    7. Ismail Lahlou & Patrick Navatte, 2017. "Director compensation incentives and acquisition performance," Post-Print hal-01614572, HAL.
    8. Maria Fátima Ribeiro Borges & Graça Maria do Carmo Azevedo & Jonas Oliveira, 2025. "Literature review on gender diversity in top management teams of companies and its relationship with firm performance and audit quality," International Journal of Disclosure and Governance, Palgrave Macmillan, vol. 22(1), pages 177-201, March.
    9. Nadeem, Muhammad & Suleman, Tahir & Ahmed, Ammad, 2019. "Women on boards, firm risk and the profitability nexus: Does gender diversity moderate the risk and return relationship?," International Review of Economics & Finance, Elsevier, vol. 64(C), pages 427-442.
    10. Tunyi, Abongeh A. & Areneke, Geofry & Tob-Ogu, Abiye & Khalid, Sharif, 2023. "Doing more with more: Women on the board and firm employment," Journal of Business Research, Elsevier, vol. 154(C).
    11. Elamer, Ahmed A. & Utham, Vinay, 2024. "Cash is queen? Impact of gender-diverse boards on firms' cash holdings during COVID-19," International Review of Financial Analysis, Elsevier, vol. 95(PB).
    12. Ahmed, Yousry & Elshandidy, Tamer, 2016. "The effect of bidder conservatism on M&A decisions: Text-based evidence from US 10-K filings," International Review of Financial Analysis, Elsevier, vol. 46(C), pages 176-190.
    13. Young Zik Shin & Jeung-Yoon Chang & Kyeongmin Jeon & Hyunpyo Kim, 2020. "Female directors on the board and investment efficiency: evidence from Korea," Asian Business & Management, Palgrave Macmillan, vol. 19(4), pages 438-479, September.
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    43. Fleitas-Castillo, Gema C. & Peña-Martel, Devora & Pérez-Alemán, Jerónimo & Santana Martín, Domingo J., 2025. "Women on boards and the cost of debt: The role of family ties," Research in International Business and Finance, Elsevier, vol. 75(C).
    44. Jaehong Lee, 2021. "CEO Overconfidence and Voluntary Disclosure of Greenhouse Gas Emissions: With a Focus on the Role of Corporate Governance," Sustainability, MDPI, vol. 13(11), pages 1-19, May.
    45. Bose, Sudipta & Minnick, Kristina & Shams, Syed, 2021. "Does carbon risk matter for corporate acquisition decisions?," Journal of Corporate Finance, Elsevier, vol. 70(C).
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    49. Sawssen Khlifi & Ghazi Zouari, 2022. "The Moderating Role of Good Corporate Governance on The Relationship Between Corporate Social Responsibility and Real Earnings Management," Journal of Accounting and Management Information Systems, Faculty of Accounting and Management Information Systems, The Bucharest University of Economic Studies, vol. 21(4), pages 524-545, December.
    50. Ernest Gyapong & Ammad Ahmed & Collins G Ntim & Muhammad Nadeem, 2021. "Board gender diversity and dividend policy in Australian listed firms: the effect of ownership concentration," Asia Pacific Journal of Management, Springer, vol. 38(2), pages 603-643, June.
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    2. Díez-Esteban, José María & García-Gómez, Conrado Diego & López-Iturriaga, Félix Javier & Santamaría-Mariscal, Marcos, 2017. "Corporate risk-taking, returns and the nature of major shareholders: Evidence from prospect theory," Research in International Business and Finance, Elsevier, vol. 42(C), pages 900-911.
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    4. Jamaani, Fouad & Ahmed, Abdullahi D., 2021. "Modifier effects of country-level transparency on global underpricing difference: New hierarchical evidence," International Review of Financial Analysis, Elsevier, vol. 74(C).
    5. Bermpei, Theodora & Degl’Innocenti, Marta & Kalyvas, Antonios Nikolaos & Zhou, Si, 2023. "Lender individualism and monitoring: Evidence from syndicated loans," Journal of Financial Stability, Elsevier, vol. 66(C).
    6. Conlon, Thomas & Huan, Xing & Muckley, Cal B., 2024. "Does national culture influence malfeasance in banks around the world?," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 90(C).
    7. Lin, Zih-Ying, 2025. "The effect of culture on global NFT investor attention," Pacific-Basin Finance Journal, Elsevier, vol. 90(C).
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    5. Clark, Brian & Donato, James & Francis, Bill B., 2023. "Credit default swaps and debt specialization," Journal of Financial Intermediation, Elsevier, vol. 54(C).
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  19. Gao, Huasheng & Harford, Jarrad & Li, Kai, 2012. "CEO pay cuts and forced turnover: Their causes and consequences," Journal of Corporate Finance, Elsevier, vol. 18(2), pages 291-310.

    Cited by:

    1. Bryan, David B. & Mason, Terry W., 2016. "Extreme CEO pay cuts and audit fees," Advances in accounting, Elsevier, vol. 33(C), pages 1-10.
    2. Ho, Hillbun & Kim, Namwoon & Reza, Sadat, 2022. "CSR and CEO pay: Does CEO reputation matter?," Journal of Business Research, Elsevier, vol. 149(C), pages 1034-1049.
    3. Stanton, Christopher T. & Sandvik, Jason & Saouma, Richard & Seegert, Nathan, 2018. "Analyzing the Aftermath of a Compensation Reduction," CEPR Discussion Papers 13242, C.E.P.R. Discussion Papers.
    4. Bedford, Anna & Bugeja, Martin & Ghannam, Samir & Jeganathan, Davina & Ma, Nelson, 2023. "Were CEO pay cuts during the COVID-19 pandemic merely symbolic? Shareholders' reaction and outrage," Pacific-Basin Finance Journal, Elsevier, vol. 79(C).
    5. Ciaran Driver & Maria João Coelho Guedes, 2017. "R&D and CEO departure date: do financial incentives make CEOs more opportunistic?," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 26(5), pages 801-820.
    6. Evangelos C. Charalambakis & Ian Garrett, 2019. "On corporate financial distress prediction: What can we learn from private firms in a developing economy? Evidence from Greece," Review of Quantitative Finance and Accounting, Springer, vol. 52(2), pages 467-491, February.
    7. Hornstein, Abigail S., 2013. "Corporate capital budgeting and CEO turnover," Journal of Corporate Finance, Elsevier, vol. 20(C), pages 41-58.
    8. Cready, William M. & Dai, Zhonglan & Ma, Guang & Nanda, Vikram, 2024. "Information in unexpected bonus cuts: Firm performance and CEO firings," Journal of Empirical Finance, Elsevier, vol. 76(C).
    9. Atsuko IZUMI & Hyeog KWON, 2015. "Change in Corporate Performance after Forcing Out CEOs: Comparison between the United States and Japan (Japanese)," Discussion Papers (Japanese) 15032, Research Institute of Economy, Trade and Industry (RIETI).
    10. Ratliff, David J. & Philipps, Collin S., 2025. "Which corporate leaders matter to financial markets?," International Review of Financial Analysis, Elsevier, vol. 97(C).
    11. Kou, Zonglai & Tang, Yue & Wu, Hong & Zhou, Min, 2023. "Ownership, volatility, and equity incentives: Theory and evidence from listed companies in China," Economic Modelling, Elsevier, vol. 128(C).
    12. Çolak, Gönül & Korkeamäki, Timo, 2021. "CEO mobility and corporate policy risk," Journal of Corporate Finance, Elsevier, vol. 69(C).
    13. Evangelos C. Charalambakis, 2014. "On corporate financial distress prediction: what can we learn from private firms in a small open economy?," Working Papers 188, Bank of Greece.
    14. Pieter de Jong & Lakshmi Goel, 2016. "The influence of security analysts on CEO pay cuts," International Journal of Disclosure and Governance, Palgrave Macmillan, vol. 13(1), pages 26-52, February.
    15. Frank Ranganai Matenda & Mabutho Sibanda & Eriyoti Chikodza & Victor Gumbo, 2021. "Determinants of corporate exposure at default under distressed economic and financial conditions in a developing economy: the case of Zimbabwe," Risk Management, Palgrave Macmillan, vol. 23(1), pages 123-149, June.
    16. Inho Suk & Seungwon Lee & William Kross, 2021. "CEO Turnover and Accounting Earnings: The Role of Earnings Persistence," Management Science, INFORMS, vol. 67(5), pages 3195-3218, May.
    17. Frank Ranganai Matenda & Mabutho Sibanda & Eriyoti Chikodza & Victor Gumbo, 2022. "Bankruptcy prediction for private firms in developing economies: a scoping review and guidance for future research," Management Review Quarterly, Springer, vol. 72(4), pages 927-966, December.
    18. Brown, Kareen & Pacharn, Parunchana & Patterson, Evelyn, 2022. "Managerial replacement strategies and severance pay," Advances in accounting, Elsevier, vol. 56(C).
    19. Gao, Huasheng & Li, Kai, 2015. "A comparison of CEO pay–performance sensitivity in privately-held and public firms," Journal of Corporate Finance, Elsevier, vol. 35(C), pages 370-388.

  20. Wei Jiang & Kai Li & Wei Wang, 2012. "Hedge Funds and Chapter 11," Journal of Finance, American Finance Association, vol. 67(2), pages 513-560, April.

    Cited by:

    1. John R. Graham & Hyunseob Kim & Si Li & Jiaping Qiu, 2019. "Employee Costs of Corporate Bankruptcy," NBER Working Papers 25922, National Bureau of Economic Research, Inc.
    2. Capkun, Vedran & Ors, Evren, 2021. "Replacing key employee retention plans with incentive plans in bankruptcy," Accounting, Organizations and Society, Elsevier, vol. 94(C).
    3. Boyson, Nicole M. & Gantchev, Nickolay & Shivdasani, Anil, 2017. "Activism mergers," Journal of Financial Economics, Elsevier, vol. 126(1), pages 54-73.
    4. Karpoff, Jonathan M. & Schonlau, Robert & Wehrly, Eric, 2022. "Which antitakeover provisions deter takeovers?," Journal of Corporate Finance, Elsevier, vol. 75(C).
    5. Erenburg, Grigori & Smith, Janet Kiholm & Smith, Richard, 2016. "Which institutional investors matter for firm survival and performance?," The North American Journal of Economics and Finance, Elsevier, vol. 37(C), pages 348-373.
    6. Lim, Jongha & Schwert, Michael & Weisbach, Michael S., 2021. "The economics of PIPEs," Journal of Financial Intermediation, Elsevier, vol. 45(C).
    7. Ana Sasi-Brodesky, 2024. "The Impact of Concentrated Ownership on Distress Resolution of Public Firms," Bank of Israel Working Papers 2024.02, Bank of Israel.
    8. Feldhütter, Peter & Hotchkiss, Edith & Karakaş, Oğuzhan, 2016. "The value of creditor control in corporate bonds," Journal of Financial Economics, Elsevier, vol. 121(1), pages 1-27.
    9. Li, Kai & Wang, Wei, 2016. "Debtor-in-possession financing, loan-to-loan, and loan-to-own," Journal of Corporate Finance, Elsevier, vol. 39(C), pages 121-138.
    10. Dasgupta, Amil & Fos, Vyacheslav & Sautner, Zacharias, 2021. "Institutional investors and corporate governance," LSE Research Online Documents on Economics 112114, London School of Economics and Political Science, LSE Library.
    11. Nhan Le & Phong T.H. Ngo, 2022. "Intra‐industry spillover effects: Evidence from bankruptcy filings," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 49(7-8), pages 1113-1144, July.
    12. Song Ma & Joy Tianjiao Tong & Wei Wang, 2022. "Bankrupt Innovative Firms," Management Science, INFORMS, vol. 68(9), pages 6971-6992, September.
    13. Gopinath, Gita & Meyer, Josefin & Reinhart, Carmen M. & Trebesch, Christoph, 2025. "Sovereign vs. corporate debt and default: More similar than you think," Kiel Working Papers 2285, Kiel Institute for the World Economy (IfW Kiel).
    14. Joel F. Houston & Chen Lin & Zhongyan Zhu, 2016. "The Financial Implications of Supply Chain Changes," Management Science, INFORMS, vol. 62(9), pages 2520-2542, September.
    15. Macias, Antonio J. & Moeller, Thomas, 2016. "Target signaling with material adverse change clauses in merger agreements," Journal of Empirical Finance, Elsevier, vol. 39(PA), pages 69-92.
    16. Alon Brav & Amil Dasgupta & Richmond Mathews, 2022. "Wolf Pack Activism," Management Science, INFORMS, vol. 68(8), pages 5557-5568, August.
    17. Ivashina, Victoria & Iverson, Benjamin & Smith, David C., 2016. "The ownership and trading of debt claims in Chapter 11 restructurings," Journal of Financial Economics, Elsevier, vol. 119(2), pages 316-335.
    18. Gita Gopinath & Josefin Meyer & Carmen Reinhart & Christoph Trebesch, 2025. "Sovereign vs. Corporate Debt and Default: More Similar than You Think," CESifo Working Paper Series 11799, CESifo.
    19. John R. Graham & Hyunseob Kim & Si Li & Jiaping Qiu, 2013. "Human Capital Loss In Corporate Bankruptcy," Working Papers 13-37, Center for Economic Studies, U.S. Census Bureau.
    20. Beiqi Lin & Chelsea Liu & Kelvin Jui Keng Tan & Qing Zhou, 2020. "CEO turnover and bankrupt firms’ emergence," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 47(9-10), pages 1238-1267, October.
    21. Cem Demiroglu & Julian Franks & Ryan Lewis, 2022. "Do Market Prices Improve the Accuracy of Court Valuations in Chapter 11?," Journal of Finance, American Finance Association, vol. 77(2), pages 1179-1218, April.
    22. Eckbo, B. Espen & Thorburn, Karin S. & Wang, Wei, 2016. "How costly is corporate bankruptcy for the CEO?," Journal of Financial Economics, Elsevier, vol. 121(1), pages 210-229.
    23. Brav, Alon & Dasgupta, Amil & Mathews, Richmond D., 2022. "Wolf pack activism," LSE Research Online Documents on Economics 112118, London School of Economics and Political Science, LSE Library.
    24. Nuri Ersahin & Rustom M. Irani & Hanh Le, 2015. "Creditor Control Rights and Resource Allocation within Firms," Working Papers 15-39, Center for Economic Studies, U.S. Census Bureau.
    25. John Schmidt, 2024. "Incendiary assets: Risk, power, and the law in an era of catastrophic fire," Environment and Planning A, , vol. 56(2), pages 418-435, March.
    26. Yermack, David, 2014. "Tailspotting: Identifying and profiting from CEO vacation trips," Journal of Financial Economics, Elsevier, vol. 113(2), pages 252-269.
    27. Edward I. Altman & Rui Dai & Wei Wang, 2024. "Global zombie companies: measurements, determinants, and outcomes," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 55(6), pages 723-744, August.
    28. Campello, Murillo & Connolly, Robert A. & Kankanhalli, Gaurav & Steiner, Eva, 2022. "Do real estate values boost corporate borrowing? Evidence from contract-level data," Journal of Financial Economics, Elsevier, vol. 144(2), pages 611-644.
    29. Li, Yuanzhi & Zhong, Zhaodong (Ken), 2013. "Investing in Chapter 11 stocks: Trading, value, and performance," Journal of Financial Markets, Elsevier, vol. 16(1), pages 33-60.
    30. Wonik Choi & Jongha Lim, 2022. "Did they live happily ever after? The fate of restructured firms after hedge fund activism," The Financial Review, Eastern Finance Association, vol. 57(4), pages 925-947, November.
    31. Kerstin Lopatta & Mario Albert Gloger & Reemda Jaeschke, 2017. "Can Language Predict Bankruptcy? The Explanatory Power of Tone in 10‐K Filings," Accounting Perspectives, John Wiley & Sons, vol. 16(4), pages 315-343, December.
    32. Dou, Winston Wei & Taylor, Lucian A. & Wang, Wei & Wang, Wenyu, 2021. "Dissecting bankruptcy frictions," Journal of Financial Economics, Elsevier, vol. 142(3), pages 975-1000.
    33. Mao-Wei Hung & Wen-Hsin Tsai, 2020. "Managerial optimism, CEO retention, and corporate performance: evidence from bankruptcy-filing firms," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 44(3), pages 506-527, July.
    34. Vikas Mehrotra & Randall Morck, 2017. "Governance and Stakeholders," NBER Working Papers 23460, National Bureau of Economic Research, Inc.
    35. Annabi, Amira & Breton, Michèle & François, Pascal, 2021. "Could Chapter 11 redeem itself? Wealth and welfare effects of the redemption option," International Review of Law and Economics, Elsevier, vol. 67(C).
    36. Elyasiani, Elyas & Jia, Jingyi, 2025. "Institutional ownership and bank failure," Journal of Financial Stability, Elsevier, vol. 76(C).
    37. Gupta, Kartick & Krishnamurti, Chandrasekhar, 2018. "Does corporate social responsibility engagement benefit distressed firms? The role of moral and exchange capital," Pacific-Basin Finance Journal, Elsevier, vol. 50(C), pages 249-262.
    38. Gita Gopinath & Josefin Meyer & Carmen Reinhart & Christoph Trebesch, 2024. "Sovereign vs. Corporate Debt and Default: More Similar than You Think," Discussion Papers of DIW Berlin 2097, DIW Berlin, German Institute for Economic Research.

  21. Kai Li & Tan Wang & Yan-Leung Cheung & Ping Jiang, 2011. "Privatization and Risk Sharing: Evidence from the Split Share Structure Reform in China," The Review of Financial Studies, Society for Financial Studies, vol. 24(7), pages 2499-2525.

    Cited by:

    1. Wang, Linyu & Ji, Yifan & Ni, Zhongxin, 2023. "Spillover of stock price crash risk: Do environmental, social and governance (ESG) matter?," International Review of Financial Analysis, Elsevier, vol. 89(C).
    2. Korkeamäki, Timo & Virk, Nader & Wang, Haizhi & Wang, Peng, 2019. "Learning Chinese? The changing investment behavior of foreign institutions in the Chinese stock market," International Review of Financial Analysis, Elsevier, vol. 64(C), pages 190-203.
    3. Huang, Hung-Yi & Yan, Cheng & Ho, Kung-Cheng, 2022. "Does managerial compensation influence price efficiency?," Pacific-Basin Finance Journal, Elsevier, vol. 74(C).
    4. Jennifer N. Carpenter & Fangzhou Lu & Robert F. Whitelaw, 2015. "The Real Value of China's Stock Market," NBER Working Papers 20957, National Bureau of Economic Research, Inc.
    5. Dang, Tri Vi & He, Qing, 2016. "Bureaucrats as successor CEOs," BOFIT Discussion Papers 13/2016, Bank of Finland Institute for Emerging Economies (BOFIT).
    6. Li, Shaofang & Tian, Sihua & Gu, Qinen, 2025. "Share pledging and non-financial corporations’ systemic risk contribution: Evidence from China," Research in International Business and Finance, Elsevier, vol. 73(PA).
    7. Danlin Shen & Carl R. Chen & Xinyan Yan & Zhihong Yi, 2022. "Do credit market accessibility and legal protection shape corporate innovation?," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 45(3), pages 719-754, September.
    8. Paul McGuinness & Kevin Lam & João Vieito, 2015. "Gender and other major board characteristics in China: Explaining corporate dividend policy and governance," Asia Pacific Journal of Management, Springer, vol. 32(4), pages 989-1038, December.
    9. Kong, Dongmin & Kong, Gaowen & Liu, Shasha & Zhu, Ling, 2022. "Does competition cause government decentralization? The case of state-owned enterprises," Journal of Comparative Economics, Elsevier, vol. 50(4), pages 1103-1122.
    10. Zhe Peng & Kainan Xiong & Yahui Yang, 2024. "Segmentation of the Chinese stock market: A review," Journal of Economic Surveys, Wiley Blackwell, vol. 38(4), pages 1156-1198, September.
    11. Xingyi Zhang & Qingfeng Wang & Weimin Liu, 2025. "Political power differential and forced CEO turnover: Evidence from Chinese non‐state‐owned enterprises," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 30(2), pages 1475-1499, April.
    12. Tong, Wilson H.S. & Zhang, Shaojun & Zhu, Yanjian, 2013. "Trading on inside information: Evidence from the share-structure reform in China," Journal of Banking & Finance, Elsevier, vol. 37(5), pages 1422-1436.
    13. Fang, Hongyan & Song, Zhihui & Nofsinger, John R. & Wang, Yuyue, 2017. "Trading restrictions and firm dividends: The share lockup expiration experience in China," Journal of Banking & Finance, Elsevier, vol. 85(C), pages 83-98.
    14. Ma, Ming & Sun, Xian & Waisman, Maya & Zhu, Yun, 2016. "State ownership and market liberalization: Evidence from China's domestic M&A market," Journal of International Money and Finance, Elsevier, vol. 69(C), pages 205-223.
    15. Liu, Jinyu & Wang, Zhengwei & Zhu, Wuxiang, 2021. "Does privatization reform alleviate ownership discrimination? Evidence from the Split-share structure reform in China," Journal of Corporate Finance, Elsevier, vol. 66(C).
    16. Chen, Zhihong, 2017. "Discussion of “How Does Being Public Affect Firm Investment? Further Evidence from China”," The International Journal of Accounting, Elsevier, vol. 52(1), pages 22-24.
    17. Piotroski, Joseph D. & Zhang, Tianyu, 2014. "Politicians and the IPO decision: The impact of impending political promotions on IPO activity in China," Journal of Financial Economics, Elsevier, vol. 111(1), pages 111-136.
    18. Rajdeep Chakraborti & Sandeep Dahiya & Lei Ge & Pedro Gete, 2022. "Credit Stimulus, Executive Ownership, and Firm Leverage," Management Science, INFORMS, vol. 68(10), pages 7682-7700, October.
    19. Qian, Xiaolin & Tam, Lewis H.K. & Zhang, Bohui, 2014. "Systematic liquidity and the funding liquidity hypothesis," Journal of Banking & Finance, Elsevier, vol. 45(C), pages 304-320.
    20. Murillo Campello & Rafael P. Ribas & Albert Y. Wang, 2014. "Is the Stock Market Just a Side Show? Evidence from a Structural Reform," The Review of Corporate Finance Studies, Society for Financial Studies, vol. 3(1-2), pages 1-38.
    21. Liao, Jing & Malone, Chris & Young, Martin, 2016. "Politicians, insiders and non-tradable share reform decisions in China," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 43(C), pages 58-73.
    22. Ning Cai & Wen He & Guoqiang Wu & Xin Yu, 2024. "Online voting and minority shareholder dissent: Evidence from China," Financial Management, Financial Management Association International, vol. 53(2), pages 327-352, June.
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    6. Melissa Newham & Jo Seldeslachts & Albert Banal-Estañol, 2018. "Common Ownership and Market Entry: Evidence from the Pharmaceutical Industry," Working Papers 1042, Barcelona School of Economics.
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    9. Lin, Luca X., 2022. "Taking no chances: Lender concentration and corporate acquisitions," Journal of Corporate Finance, Elsevier, vol. 76(C).
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    12. Fee, C. Edward & Subramaniam, Venkat & Wang, Maobin & Zhang, Yi, 2019. "Bank lenders as matchmakers? Evidence from when acquirers and targets share a common lender," Pacific-Basin Finance Journal, Elsevier, vol. 56(C), pages 248-272.
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    14. Jha, Manish, 2025. "Do activists align with larger mutual funds?," Journal of Banking & Finance, Elsevier, vol. 173(C).
    15. Akdoğu, Evrim & Paukowits, Aysun Alp & Celikyurt, Ugur, 2023. "Bondholder governance, takeover likelihood, and division of gains," Journal of Corporate Finance, Elsevier, vol. 79(C).
    16. Hau, Harald & Lai, Sandy & Geng, Heng, 2016. "Technological Progress and Ownership Structure," CEPR Discussion Papers 11064, C.E.P.R. Discussion Papers.
    17. Babkin, Anton & Glover, Brent & Levine, Oliver, 2017. "Are corporate inversions good for shareholders?," Journal of Financial Economics, Elsevier, vol. 126(2), pages 227-251.
    18. Becht, Marco & Rossi, Stefano & Polo, Andrea, 2015. "Does Mandatory Shareholder Voting Prevent Bad Acquisitions?," CEPR Discussion Papers 10506, C.E.P.R. Discussion Papers.
    19. Kang, Jun-Koo & Luo, Juan & Na, Hyun Seung, 2018. "Are institutional investors with multiple blockholdings effective monitors?," Journal of Financial Economics, Elsevier, vol. 128(3), pages 576-602.
    20. García-Sánchez, Isabel-María & Aibar-Guzmán, Cristina & Aibar-Guzmán, Beatriz, 2020. "The effect of institutional ownership and ownership dispersion on eco-innovation," Technological Forecasting and Social Change, Elsevier, vol. 158(C).
    21. Brooks, Chris & Chen, Zhong & Zeng, Yeqin, 2018. "Institutional cross-ownership and corporate strategy: The case of mergers and acquisitions," Journal of Corporate Finance, Elsevier, vol. 48(C), pages 187-216.
    22. Jiekun Huang, 2023. "Thy Neighbor’s Vote: Peer Effects in Proxy Voting," Management Science, INFORMS, vol. 69(7), pages 4169-4189, July.
    23. Tunyi, Abongeh A., 2021. "Revisiting acquirer returns: Evidence from unanticipated deals," Journal of Corporate Finance, Elsevier, vol. 66(C).
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    25. Antón, Miguel & Azar, José & Gine, Mireia & Lin, Luca X., 2022. "Beyond the target: M&A decisions and rival ownership," Journal of Financial Economics, Elsevier, vol. 144(1), pages 44-66.
    26. Koch, Andrew & Panayides, Marios & Thomas, Shawn, 2021. "Common ownership and competition in product markets," Journal of Financial Economics, Elsevier, vol. 139(1), pages 109-137.
    27. Christian Bittner & Falko Fecht & Melissa Pala & Farzad Saidi, 2023. "Information Transmission between Banks and the Market for Corporate Control," ECONtribute Discussion Papers Series 250, University of Bonn and University of Cologne, Germany.
    28. Healey, John & Mintz, Ofer, 2021. "What if your owners also own other firms in your industry? The relationship between institutional common ownership, marketing, and firm performance," International Journal of Research in Marketing, Elsevier, vol. 38(4), pages 838-856.
    29. Shirasu, Yoko & Yasuda, Yukihiro, 2025. "Do foreign bank investors promote acquirer bank value in Asia-Pacific countries?," The Quarterly Review of Economics and Finance, Elsevier, vol. 100(C).
    30. Dai, Rui & Liang, Hao & Ng, Lilian, 2021. "Socially responsible corporate customers," Journal of Financial Economics, Elsevier, vol. 142(2), pages 598-626.
    31. Nguyen, Phuong-Anh & Kecskés, Ambrus & Mansi, Sattar, 2020. "Does corporate social responsibility create shareholder value? The importance of long-term investors," Journal of Banking & Finance, Elsevier, vol. 112(C).
    32. Azar, José & Schmalz, Martin & Tecu, Isabel, 2017. "Anti-Competitive Effects of Common Ownership," IESE Research Papers D/1169, IESE Business School.
    33. Chi, Yung-Ling, 2022. "Owners’ portfolio diversification and internal capital allocation," Pacific-Basin Finance Journal, Elsevier, vol. 71(C).
    34. Koptyug, Nikita & Persson, Lars & Tåg, Joacim, 2020. "Should we worry about the decline of the public corporation? A brief survey of the economics and external effects of the stock market," The North American Journal of Economics and Finance, Elsevier, vol. 51(C).
    35. Wang, Qijian & Zhou, Kaiguo, 2022. "Common ownership and the spillover effect of market reaction: Evidence from stock exchange comment letters," Pacific-Basin Finance Journal, Elsevier, vol. 73(C).
    36. Eckbo, B. Espen & Makaew, Tanakorn & Thorburn, Karin S., 2018. "Are stock-financed takeovers opportunistic?," Journal of Financial Economics, Elsevier, vol. 128(3), pages 443-465.
    37. Lin, Luca Xianran, 2022. "Great Trees are Good for Shade: Creditor Monitoring Under Common Ownership," Finance Research Letters, Elsevier, vol. 44(C).
    38. Fenghua Wen & Yujie Yuan & Wei-Xing Zhou, 2019. "Cross-shareholding networks and stock price synchronicity: Evidence from China," Papers 1903.01655, arXiv.org.
    39. Zhu, Siyuan & Lu, Rong & Xu, Tianli & Wu, Wenbin & Chen, Yang, 2024. "Can common institutional owners inhibit bad mergers and acquisitions? Evidence from China," International Review of Economics & Finance, Elsevier, vol. 89(PA), pages 246-266.
    40. Yang, Huan, 2021. "Institutional dual holdings and risk-shifting: Evidence from corporate innovation," Journal of Corporate Finance, Elsevier, vol. 70(C).
    41. Fich, Eliezer M. & Harford, Jarrad & Tran, Anh L., 2015. "Motivated monitors: The importance of institutional investors׳ portfolio weights," Journal of Financial Economics, Elsevier, vol. 118(1), pages 21-48.
    42. Hou, Canran & Liu, Huan, 2023. "Institutional cross-ownership and stock price crash risk," Research in International Business and Finance, Elsevier, vol. 65(C).
    43. Fich, Eliezer M. & Nguyen, Tu, 2020. "The value of CEOs' supply chain experience: Evidence from mergers and acquisitions," Journal of Corporate Finance, Elsevier, vol. 60(C).
    44. Giordino, Daniele & Jabeen, Fauzia & Nirino, Niccolò & Bresciani, Stefano, 2024. "Institutional investors ownership concentration and its effect on disclosure and transparency of United Nations sustainable development goals," Technological Forecasting and Social Change, Elsevier, vol. 200(C).
    45. Wang, Jing & Wang, Liying, 2024. "When shareholders cross-hold lenders’ equity: The effects on the costs of bank loans," Journal of Banking & Finance, Elsevier, vol. 163(C).
    46. Eliezer M. Fich & Tu Nguyen & Micah Officer, 2018. "Large Wealth Creation in Mergers and Acquisitions," Financial Management, Financial Management Association International, vol. 47(4), pages 953-991, December.
    47. Tang, Xudong & Wang, Lin, 2024. "When your friend takes a fall: Spillovers of patent infringement lawsuits on firm innovation via cross-owners," Economic Modelling, Elsevier, vol. 131(C).
    48. Giuli, Alberta Di & Karmaziene, Egle & Sekerci, Naciye, 2021. "Common ownership and firm dividend policies," Finance Research Letters, Elsevier, vol. 40(C).
    49. Feng, Yun & Liu, Chelsea & Yawson, Alfred, 2023. "Economic shocks, M&A advisors, and industry takeover activity," Pacific-Basin Finance Journal, Elsevier, vol. 82(C).
    50. Tian, Haowen & Wang, Junkai & Wu, Sirui, 2024. "Supply chain vertical common ownership and cost of loans," Journal of Corporate Finance, Elsevier, vol. 89(C).
    51. Hong Zhu & Qi Zhu, 2016. "Mergers and acquisitions by Chinese firms: A review and comparison with other mergers and acquisitions research in the leading journals," Asia Pacific Journal of Management, Springer, vol. 33(4), pages 1107-1149, December.
    52. Manish Jha, 2024. "Do Activists Align with Larger Mutual Funds?," Papers 2411.16553, arXiv.org.

  23. Kai Li & Dale Griffin & Heng Yue & Longkai Zhao, 2011. "National culture and capital structure decisions: Evidence from foreign joint ventures in China," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 42(4), pages 477-503, May.

    Cited by:

    1. Delis, Manthos D. & Gaganis, Chrysovalantis & Hasan, Iftekhar & Pasiouras, Fotios, 2015. "The effect of board directors from countries with different genetic diversity levels on corporate performance," Bank of Finland Research Discussion Papers 14/2015, Bank of Finland.
    2. Bedendo, Mascia & Garcia-Appendini, Emilia & Siming, Linus, 2023. "Managers' cultural origin and corporate response to an economic shock," Journal of Corporate Finance, Elsevier, vol. 80(C).
    3. Boubakri, Narjess & Saffar, Walid, 2016. "Culture and externally financed firm growth," Journal of Corporate Finance, Elsevier, vol. 41(C), pages 502-520.
    4. Li, Xibao, 2015. "Specialization, institutions and innovation within China's regional innovation systems," Technological Forecasting and Social Change, Elsevier, vol. 100(C), pages 130-139.
    5. Claudia Nadler & Wolfgang Breuer, 2019. "Cultural Finance as a research field: an evaluative survey," Journal of Business Economics, Springer, vol. 89(2), pages 191-220, March.
    6. Rezaee, Zabihollah & Dou, Huan & Zhang, Huili, 2020. "Corporate social responsibility and earnings quality: Evidence from China," Global Finance Journal, Elsevier, vol. 45(C).
    7. Hu, Tiancheng, 2023. "Foreign ownership in joint ventures under knowledge leakage risks: The influence of industrial munificence and dynamism," Journal of Multinational Financial Management, Elsevier, vol. 68(C).
    8. Georgieva, Dobrina & Jandik, Tomas & Lee, Wayne Y., 2012. "The impact of laws, regulations, and culture on cross-border joint ventures," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 22(4), pages 774-795.
    9. Xunan Feng & Anders C. Johansson, 2017. "CEO Incentives in Chinese State-Controlled Firms," Economic Development and Cultural Change, University of Chicago Press, vol. 65(2), pages 223-264.
    10. Boubakri, Narjess & Mirzaei, Ali & Samet, Anis, 2017. "National culture and bank performance: Evidence from the recent financial crisis," Journal of Financial Stability, Elsevier, vol. 29(C), pages 36-56.
    11. Srivastava, Saurabh & Singh, Shiwangi & Dhir, Sanjay, 2020. "Culture and International business research: A review and research agenda," International Business Review, Elsevier, vol. 29(4).
    12. Nishant Dass & Vikram Nanda & Steven Chong Xiao, 2021. "Geographic Clustering of Corruption in the United States," Journal of Business Ethics, Springer, vol. 173(3), pages 577-597, October.
    13. Ouyang, Shanshan & Li, Yanxi & Wu, Haowen & Zhao, Heng & Xu, Runxiang, 2023. "Structure and evolution of the greenfield FDI network along the belt and road," Research in International Business and Finance, Elsevier, vol. 64(C).
    14. Kang, Youngho & Kim, Ryoonhee & Whang, Unjung, 2023. "International knowledge transfers and capital structure of multinational affiliates: Evidence from expatriate managers as the transfer agents," Journal of Multinational Financial Management, Elsevier, vol. 68(C).
    15. Wei Shi & Kevin Veenstra, 2021. "The Moderating Effect of Cultural Values on the Relationship Between Corporate Social Performance and Firm Performance," Journal of Business Ethics, Springer, vol. 174(1), pages 89-107, November.
    16. Xibao Li, 2017. "Exploring the spatial heterogeneity of entrepreneurship in Chinese manufacturing industries," The Journal of Technology Transfer, Springer, vol. 42(5), pages 1077-1099, October.
    17. Xingqiang Du, 2019. "Does CEO-Auditor Dialect Sharing Impair Pre-IPO Audit Quality? Evidence from China," Journal of Business Ethics, Springer, vol. 156(3), pages 699-735, May.
    18. Kostas Pappas & Alice Liang Xu, 2023. "Do foreign lenders' national cultures affect loan pricing?," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 28(2), pages 2006-2036, April.
    19. Bitar, Mohammad & Tarazi, Amine, 2022. "Individualism, formal institutional environments, and bank capital decisions," Journal of Corporate Finance, Elsevier, vol. 76(C).
    20. Li, Kai & Griffin, Dale & Yue, Heng & Zhao, Longkai, 2013. "How does culture influence corporate risk-taking?," Journal of Corporate Finance, Elsevier, vol. 23(C), pages 1-22.
    21. Franklin Allen & Meijun Qian, 2025. "Alternative finance in the international business context: a review and future research," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 56(1), pages 43-61, February.
    22. Pascal Gantenbein & Axel Kind & Christophe Volonte, 2019. "Individualism and Venture Capital: A Cross-Country Study," Working Paper Series of the Department of Economics, University of Konstanz 2019-01, Department of Economics, University of Konstanz.
    23. Gaganis, Chrysovalantis & Hasan, Iftekhar & Pasiouras, Fotios, 2015. "Regulations, institutions and income smoothing by managing technical reserves: international evidence from the insurance industry," Bank of Finland Research Discussion Papers 15/2015, Bank of Finland.
    24. Wang, Daphne & Esqueda, Omar A., 2014. "National cultural effects on leverage decisions: Evidence from emerging-market ADRs," Research in International Business and Finance, Elsevier, vol. 31(C), pages 152-177.
    25. Xu, Jian & Liu, Yu & Abdoh, Hussein, 2022. "Foreign ownership and productivity," International Review of Economics & Finance, Elsevier, vol. 80(C), pages 624-642.
    26. Jin, Ming & Liu, Jinshan & Chen, Zhongfei, 2022. "Impacts of social trust on corporate leverage: Evidence from China," International Review of Economics & Finance, Elsevier, vol. 77(C), pages 505-521.
    27. Panagiota Papadimitri & Fotios Pasiouras & Menelaos Tasiou, 2019. "Culture and collateral requirements: Evidence from developing countries," Working Papers in Economics & Finance 2019-04, University of Portsmouth, Portsmouth Business School, Economics and Finance Subject Group.
    28. Kang, Youngho & Kim, Ryoonhee, 2024. "Home country uncertainty and cash holdings: Evidence from multinational subsidiaries in South Korea," Journal of International Money and Finance, Elsevier, vol. 141(C).
    29. Ijaz Ur Rehman & Faisal Shahzad & Khawaja Fawad Latif & Noman Nawab & Abdul Rashid & Shabir Hyder, 2021. "Does corporate social responsibility mediate the influence of national culture on investment inefficiency? Firm‐level evidence from Asia Pacific," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(3), pages 3484-3503, July.
    30. Elnahas, Ahmed M. & Kabir Hassan, M. & Ismail, Ghada M., 2017. "Religion and mergers and acquisitions contracting: The case of earnout agreements," Journal of Corporate Finance, Elsevier, vol. 42(C), pages 221-246.
    31. Griffin, Dale & Guedhami, Omrane & Li, Kai & Lu, Guangli, 2021. "National culture and the valueto implications of corporate environmental and social performance," Journal of Corporate Finance, Elsevier, vol. 71(C).
    32. Saad Alnahedh & Bader Alhashel, 2021. "Political ideology in M&A," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 48(9-10), pages 1711-1746, October.
    33. Merkley, Kenneth & Michaely, Roni & Pacelli, Joseph, 2020. "Cultural diversity on Wall Street: Evidence from consensus earnings forecasts," Journal of Accounting and Economics, Elsevier, vol. 70(1).
    34. Chui, Andy C.W. & Kwok, Chuck C.Y. & (Stephen) Zhou, Gaoguang, 2016. "National culture and the cost of debt," Journal of Banking & Finance, Elsevier, vol. 69(C), pages 1-19.
    35. Melnyk, Valentyna & Giarratana, Marco & Torres, Anna, 2014. "Marking your trade: Cultural factors in the prolongation of trademarks," Journal of Business Research, Elsevier, vol. 67(4), pages 478-485.
    36. Chourou, Lamia & Saadi, Samir & Zhu, Hui, 2018. "How does national culture influence IPO underpricing?," Pacific-Basin Finance Journal, Elsevier, vol. 51(C), pages 318-341.
    37. Wang, Danny T. & Gu, Flora F. & Tse, David K. & Yim, Chi Kin (Bennett), 2013. "When does FDI matter? The roles of local institutions and ethnic origins of FDI," International Business Review, Elsevier, vol. 22(2), pages 450-465.
    38. Wang, Rui & Luo, Hang (Robin), 2022. "How does financial inclusion affect bank stability in emerging economies?," Emerging Markets Review, Elsevier, vol. 51(PA).
    39. Irene Wei Kiong Ting & Hooi Hooi Lean & Qian Long Kweh & Noor Azlinna Azizan, 2016. "Managerial overconfidence, government intervention and corporate financing decision," International Journal of Managerial Finance, Emerald Group Publishing Limited, vol. 12(1), pages 4-24, February.
    40. Min Zhang & Wen Zhang & Sheng Zhang, 2016. "National culture and firm investment efficiency: international evidence," Asia-Pacific Journal of Accounting & Economics, Taylor & Francis Journals, vol. 23(1), pages 1-21, March.
    41. Lievenbrück, Martin & Schmid, Thomas, 2014. "Why do firms (not) hedge? — Novel evidence on cultural influence," Journal of Corporate Finance, Elsevier, vol. 25(C), pages 92-106.
    42. Gaganis, Chrysovalantis & Pasiouras, Fotios & Voulgari, Fotini, 2019. "Culture, business environment and SMEs' profitability: Evidence from European Countries," Economic Modelling, Elsevier, vol. 78(C), pages 275-292.
    43. Zhou, Xi & Xiao, Min & Wu, Huiying & You, Jiaxing, 2024. "Does policy uncertainty travel across borders? Evidence from MNC subsidiary investment decisions," Journal of Banking & Finance, Elsevier, vol. 163(C).
    44. Datta, Sudip & Doan, Trang & Toscano, Francesca, 2024. "Does firm culture influence corporate financing decisions? Evidence from debt maturity choice," Journal of Banking & Finance, Elsevier, vol. 169(C).
    45. Eun, Cheol S. & Wang, Lingling & Xiao, Steven C., 2015. "Culture and R2," Journal of Financial Economics, Elsevier, vol. 115(2), pages 283-303.
    46. Lei Zhang & Kiridaran Kanagaretnam & Jing Gao, 2024. "Climate Change Social Norms and Corporate Cash Holdings," Journal of Business Ethics, Springer, vol. 190(3), pages 661-683, March.
    47. Yi Zhang, 2019. "Institutions, Firm Characteristics, and FDI Spillovers," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 55(5), pages 1109-1136, April.
    48. Wu, Julia Yonghua & Opare, Solomon & Bhuiyan, Md. Borhan Uddin & Habib, Ahsan, 2022. "Determinants and consequences of debt maturity structure: A systematic review of the international literature," International Review of Financial Analysis, Elsevier, vol. 84(C).
    49. Asmund Rygh & Gabriel R. G. Benito, 2023. "Subsidiary Capital Structure in Multinational Enterprises: A New Internalization Theory Perspective," Management International Review, Springer, vol. 63(6), pages 979-1019, December.
    50. Lei Chen & Zhi Jin & Yongqiang Ma & Hui Xu, 2019. "Confucianism, openness to the West, and corporate investment efficiency," European Financial Management, European Financial Management Association, vol. 25(3), pages 554-590, June.
    51. Rothonis, Stephanie & Tran, Duy & Wu, Eliza, 2016. "Does national culture affect the intensity of volatility linkages in international equity markets?," Research in International Business and Finance, Elsevier, vol. 36(C), pages 85-95.
    52. Lindner, Thomas & Puck, Jonas & Stocco, Giulia, 2023. "Asymmetric risk perception and firm financing in the institutional envelope," International Business Review, Elsevier, vol. 32(3).
    53. Basha, Shabeen Afsar & Bennasr, Hamdi & Goaied, Mohamed, 2025. "Culture, financial literacy, and leverage of small firms," Research in International Business and Finance, Elsevier, vol. 75(C).
    54. Dang, Linjing & Zhao, Jingfeng, 2020. "Cultural risk and management strategy for Chinese enterprises' overseas investment," China Economic Review, Elsevier, vol. 61(C).
    55. Ruiyuan Chen & Sadok El Ghoul & Omrane Guedhami & Chuck C. Y. Kwok & Robert Nash, 2021. "International evidence on state ownership and trade credit: Opportunities and motivations," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 52(6), pages 1121-1158, August.
    56. Chen Liu & Lynnette Purda & Hui Zhu, 2021. "Institutional influence on syndicate structure and cross‐border leveraged buyouts," Financial Management, Financial Management Association International, vol. 50(1), pages 169-202, March.
    57. Álvarez-Botas, Celia & González, Víctor M., 2021. "Does trust matter for the cost of bank loans?," Journal of Corporate Finance, Elsevier, vol. 66(C).
    58. Wang, Wei & Ma, Hao, 2018. "Export strategy, export intensity and learning: Integrating the resource perspective and institutional perspective," Journal of World Business, Elsevier, vol. 53(4), pages 581-592.

  24. Maurice Levi & Kai Li & Feng Zhang, 2010. "Deal or No Deal: Hormones and the Mergers and Acquisitions Game," Management Science, INFORMS, vol. 56(9), pages 1462-1483, September.

    Cited by:

    1. Wen Shi & Xiaogang Bi & Agyenim Boateng & Shuai Yuan, 2023. "Chairperson (CEO) facial structure and risky investments: evidence from Chinese acquisitions," Review of Quantitative Finance and Accounting, Springer, vol. 61(4), pages 1177-1205, November.
    2. Levi, Maurice & Li, Kai & Zhang, Feng, 2014. "Director gender and mergers and acquisitions," Journal of Corporate Finance, Elsevier, vol. 28(C), pages 185-200.
    3. Li, Xiaoyang & Low, Angie & Makhija, Anil K., 2011. "Career Concerns and the Busy Life of the Young CEO," Working Paper Series 2011-4, Ohio State University, Charles A. Dice Center for Research in Financial Economics.
    4. Dai, Yun & Gryglewicz, Sebastian & Smit, Han T.J. & De Maeseneire, Wouter, 2013. "Similar bidders in takeover contests," Games and Economic Behavior, Elsevier, vol. 82(C), pages 544-561.
    5. García Lara, Juan Manuel & García Osma, Beatriz & Mora, Araceli & Scapin, Mariano, 2017. "The monitoring role of female directors over accounting quality," Journal of Corporate Finance, Elsevier, vol. 45(C), pages 651-668.
    6. Lauterbach, Beni & Mugerman, Yevgeny & Shemesh, Joshua, 2024. "Prospect theory in M&A: Do historical purchase prices affect merger offer premiums and announcement returns?," Journal of Behavioral and Experimental Finance, Elsevier, vol. 42(C).
    7. Wan, Liangyong & Ren, Liuyang & Lin, Bingxuan & Xu, Xiaowei, 2021. "Does investment banker human capital matter in acquisitions? Evidence from China," Journal of Corporate Finance, Elsevier, vol. 70(C).
    8. Joye Khoo & Adrian (Wai Kong) Cheung, 2023. "Does skilled labor risk matter to suppliers? Evidence from trade credit," The Financial Review, Eastern Finance Association, vol. 58(2), pages 423-447, May.
    9. Liao, Shushu & Nguyen, Nhut H. & Truong, Cameron, 2024. "Does CEO extraversion pay off when in need? Evidence from the global financial crisis," The British Accounting Review, Elsevier, vol. 56(4).
    10. Amos Nadler & Veronika Alexander & Cameron J. Johnson & Paul J. Zak, 2016. "The Bull of Wall Street: Experimental Analysis of Testosterone and Asset Trading," Economics Series Working Papers 806, University of Oxford, Department of Economics.
    11. Byun, Kyung-Ah (Kay) & Al-Shammari, Marwan, 2021. "When narcissistic CEOs meet power: Effects of CEO narcissism and power on the likelihood of product recalls in consumer-packaged goods," Journal of Business Research, Elsevier, vol. 128(C), pages 45-60.
    12. Syed Shams & Kristina Minnick & Mehdi Khedmati & Abeyratna Gunasekarage, 2024. "Gender diversity and acquisitions: How female directors add value in acquisition decisions," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 51(1-2), pages 113-147, January.
    13. Upadhyay, Arun, 2023. "Rising board gender diversity and incentives of female directors," Journal of Corporate Finance, Elsevier, vol. 80(C).
    14. Fabrice Hervé & Ibtissem Rouine & Mohamed Firas Thraya & Mohamed Zouaoui, 2024. "Investor sentiment and M&A withdrawal: International evidence," Post-Print hal-04779943, HAL.
    15. Abeyratna Gunasekarage & Mehdi Khedmati & Kristina Minnick & Syed Shams, 2023. "Board gender diversity and acquisition choices," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 46(4), pages 949-991, December.
    16. Li, Xiaoyang & Low, Angie & Makhija, Anil K., 2017. "Career concerns and the busy life of the young CEO," Journal of Corporate Finance, Elsevier, vol. 47(C), pages 88-109.
    17. Agha, Mahmoud & Pramathevan, Shivani, 2023. "Executive gender, age, and corporate financial decisions and performance: The role of overconfidence," Journal of Behavioral and Experimental Finance, Elsevier, vol. 38(C).
    18. David Newton & Mikhail Simutin, 2015. "Of Age, Sex, and Money: Insights from Corporate Officer Compensation on the Wage Inequality Between Genders," Management Science, INFORMS, vol. 61(10), pages 2355-2375, October.
    19. Clacher, Iain & Garcia Osma, Beatriz & Scarlat, Elvira & Shields, Karin, 2021. "Do commonalities facilitate private information channels? Evidence from common gender and insider trading," Journal of Corporate Finance, Elsevier, vol. 70(C).
    20. Magnanelli, Barbara Sveva & Pirolo, Luca & Raoli, Elisa, 2024. "Shattering the glass ceiling: Female leadership and acquisitiveness in family and nonfamily firms," Finance Research Letters, Elsevier, vol. 67(PA).
    21. Arun Upadhyay & Hongchao Zeng, 2017. "Cash holdings and the bargaining power of R&D-intensive targets," Review of Quantitative Finance and Accounting, Springer, vol. 49(4), pages 885-923, November.
    22. Ming-Hua Liu & Shaohua Tian & Yang Zhang, 2023. "CEO marital status and corporate tax planning behavior," Review of Quantitative Finance and Accounting, Springer, vol. 61(4), pages 1207-1242, November.
    23. Dobija, Dorota & Hryckiewicz, Aneta & Zaman, Mahbub & Puławska, Karolina, 2022. "Critical mass and voice: Board gender diversity and financial reporting quality," European Management Journal, Elsevier, vol. 40(1), pages 29-44.
    24. Nikolai Roussanov & Pavel G. Savor, 2012. "Status, Marriage, and Managers' Attitudes To Risk," NBER Working Papers 17904, National Bureau of Economic Research, Inc.
    25. Dowling, Michael & Aribi, Zakaria Ali, 2013. "Female directors and UK company acquisitiveness," International Review of Financial Analysis, Elsevier, vol. 29(C), pages 79-86.
    26. Nikolai Roussanov & Pavel Savor, 2014. "Marriage and Managers' Attitudes to Risk," Management Science, INFORMS, vol. 60(10), pages 2496-2508, October.
    27. Banerjee, Suman & Humphery-Jenner, Mark & Nanda, Vikram, 2018. "Does CEO bias escalate repurchase activity?," Journal of Banking & Finance, Elsevier, vol. 93(C), pages 105-126.
    28. Cong Cheng & Jian Dai, 2025. "Predicting Cross-border Merger and Acquisition Completion through CEO Characteristics: A Machine Learning Approach," Management International Review, Springer, vol. 65(1), pages 43-84, February.
    29. Maurice Levi & Kai Li & Feng Zhang, 2015. "Are Women More Likely to Seek Advice than Men? Evidence from the Boardroom," JRFM, MDPI, vol. 8(1), pages 1-23, February.
    30. Feng, Yun & Liu, Chelsea & Yawson, Alfred, 2023. "Economic shocks, M&A advisors, and industry takeover activity," Pacific-Basin Finance Journal, Elsevier, vol. 82(C).
    31. Faccio, Mara & Marchica, Maria-Teresa & Mura, Roberto, 2016. "CEO gender, corporate risk-taking, and the efficiency of capital allocation," Journal of Corporate Finance, Elsevier, vol. 39(C), pages 193-209.

  25. Wei Jiang & Kai Li & Pei Shao, 2010. "When Shareholders Are Creditors: Effects of the Simultaneous Holding of Equity and Debt by Non-commercial Banking Institutions," The Review of Financial Studies, Society for Financial Studies, vol. 23(10), pages 3595-3637, October.

    Cited by:

    1. Renneboog, Luc & Szilagyi, Peter & Vansteenkiste, Cara, 2017. "Creditor rights, claims enforcement, and bond returns in mergers and acquisitions," Other publications TiSEM ef3ad779-66b4-4fca-a8e8-7, Tilburg University, School of Economics and Management.
    2. Bodnaruk, Andriy & Rossi, Marco, 2016. "Dual ownership, returns, and voting in mergers," Journal of Financial Economics, Elsevier, vol. 120(1), pages 58-80.
    3. Nguyen, Hien T. & Phan, Hieu V. & Vo, Hong, 2023. "Agency problems and corporate social responsibility: Evidence from shareholder-creditor mergers," International Review of Financial Analysis, Elsevier, vol. 90(C).
    4. Massa, Massimo & Žaldokas, Alminas, 2017. "Information transfers among co-owned firms," Journal of Financial Intermediation, Elsevier, vol. 31(C), pages 77-92.
    5. Yili Lian, 2018. "Bank competition and the cost of bank loans," Review of Quantitative Finance and Accounting, Springer, vol. 51(1), pages 253-282, July.
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  28. Kai Li & Hernán Ortiz‐Molina & Xinlei Zhao, 2008. "Do Voting Rights Affect Institutional Investment Decisions? Evidence from Dual‐Class Firms," Financial Management, Financial Management Association International, vol. 37(4), pages 713-745, December.

    Cited by:

    1. Michael Ehrmann & Robin Tietz & Bauke Visser, 2022. "Voting Right Rotation, Behavior of Committee Members and Financial Market Reactions: Evidence from the U.S. Federal Open Market Committee," IMF Working Papers 2022/105, International Monetary Fund.
    2. Sarwar Uddin Ahmed & Eriko Sultana & Hanif Mahtab & Md. Zahidul Islam & Ikramul Hasan & G.M. Wali Ullah & Samiul Parvez Ahmed, 2017. "Does it Pay to be Socially Responsible? Comparative Evidence from a Developing Country," Global Business Review, International Management Institute, vol. 18(5), pages 1134-1154, October.
    3. Amoako-Adu, Ben & Baulkaran, Vishaal & Smith, Brian F., 2011. "Executive compensation in firms with concentrated control: The impact of dual class structure and family management," Journal of Corporate Finance, Elsevier, vol. 17(5), pages 1580-1594.
    4. Rayed Obaid Hammoud Alobaid & Ameen Qasem & Adel Ali Al-Qadasi, 2024. "Corporate Social Responsibility, Ownership Structure, and Firm Investment Efficiency: Evidence from the Saudi Stock Market," Sustainability, MDPI, vol. 16(15), pages 1-25, August.
    5. Chung, Kee H. & Lee, Choonsik, 2020. "Voting methods for director election, monitoring costs, and institutional ownership," Journal of Banking & Finance, Elsevier, vol. 113(C).
    6. Aiyesha Dey & Valeri Nikolaev & Xue Wang, 2016. "Disproportional Control Rights and the Governance Role of Debt," Management Science, INFORMS, vol. 62(9), pages 2581-2614, September.
    7. Thomas Flavin & Thomas O'Connor, 2013. "The effects of ownership structure on corporate financing decisions: Evidence from stock market liberalization," Economics Department Working Paper Series n235-13.pdf, Department of Economics, National University of Ireland - Maynooth.
    8. Belén Villalonga & Raphael Amit, 2010. "Family Control of Firms and Industries," Financial Management, Financial Management Association International, vol. 39(3), pages 863-904, September.
    9. Minnick, Kristina & Rosenthal, Leonard, 2014. "Stealth compensation: Do CEOs increase their pay by influencing dividend policy?," Journal of Corporate Finance, Elsevier, vol. 25(C), pages 435-454.
    10. Ansari, Iram Fatima & Goergen, Marc & Mira, Svetlana, 2014. "The determinants of the CEO successor choice in family firms," Journal of Corporate Finance, Elsevier, vol. 28(C), pages 6-25.
    11. Kershen Huang & Chenguang Shang, 2024. "Does informal governance matter to institutional investors? Evidence from social capital," The Financial Review, Eastern Finance Association, vol. 59(2), pages 433-457, May.
    12. Braggion, Fabio & Giannetti, Mariassunta, 2019. "Changing corporate governance norms: Evidence from dual class shares in the UK," Journal of Financial Intermediation, Elsevier, vol. 37(C), pages 15-27.
    13. Abdullah & Jia’nan Zhou & Muhammad Hashim Shah, 2017. "Effect of Disproportional Voting Rights on Firm’s Market Performance: Evidence from Chinese Firms Cross-Listed on U.S. Exchanges," IJFS, MDPI, vol. 5(3), pages 1-11, September.
    14. Lucy Lim, 2016. "Dual-class versus single-class firms: information asymmetry," Review of Quantitative Finance and Accounting, Springer, vol. 46(4), pages 763-791, May.
    15. Jordan, Bradford D. & Li, Ang & Liu, Mark H., 2022. "Mutual fund preference for pure-play firms," Journal of Financial Markets, Elsevier, vol. 61(C).
    16. Ting Li & Nataliya Zaiats, 2018. "Corporate governance and firm value at dual class firms," Review of Financial Economics, John Wiley & Sons, vol. 36(1), pages 47-71, January.
    17. Giannetti, Mariassunta & Braggion, Fabio, 2013. "Public Debate and Stock Prices: Evidence from the Voting Premium," CEPR Discussion Papers 9619, C.E.P.R. Discussion Papers.
    18. Jan C. van Ours, 2022. "How Retirement Affects Mental Health, Cognitive Skills and Mortality; an Overview of Recent Empirical Evidence," Tinbergen Institute Discussion Papers 22-050/V, Tinbergen Institute.
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    22. Cao, Qingzi & Yang, Fan & Liu, Minglang, 2022. "Impact of managerial power on regulatory inquiries from stock exchanges: Evidence from the text tone of Chinese listed companies' annual reports," Pacific-Basin Finance Journal, Elsevier, vol. 71(C).
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    25. Jordan, Bradford D. & Liu, Mark H. & Wu, Qun, 2014. "Corporate payout policy in dual-class firms," Journal of Corporate Finance, Elsevier, vol. 26(C), pages 1-19.

  29. Kai Li & Xinlei Zhao, 2008. "Asymmetric Information and Dividend Policy," Financial Management, Financial Management Association International, vol. 37(4), pages 673-694, December.

    Cited by:

    1. Issal Haj-Salem & Salma Damak Ayadi & Khaled Hussainey, 2020. "The joint effect of corporate risk disclosure and corporate governance on firm value," International Journal of Disclosure and Governance, Palgrave Macmillan, vol. 17(2), pages 123-140, September.
    2. Bipin Sony & Saumitra Bhadurib, 2020. "Information asymmetry and the choice between rights issue and private placement of equity," BASE University Working Papers 01/2020, BASE University, Bengaluru, India.
    3. Jeon, Jin Q. & Lee, Cheolwoo & Moffett, Clay M., 2011. "Effects of foreign ownership on payout policy: Evidence from the Korean market," Journal of Financial Markets, Elsevier, vol. 14(2), pages 344-375, May.
    4. Dyussembina, Saule & Park, Kunsu, 2024. "Book-tax differences, dividend payout, and firm value," International Review of Financial Analysis, Elsevier, vol. 91(C).
    5. Qiao, Lu & Adegbite, Emmanuel & Nguyen, Tam Huy, 2022. "Chief financial officer overconfidence and stock price crash risk," International Review of Financial Analysis, Elsevier, vol. 84(C).
    6. Cumming, Douglas J. & Javakhadze, David & Rajkovic, Tijana, 2024. "Unlocking Dividends: The impact of managerial social capital on international corporate payouts," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 95(C).
    7. Seonhyeon Kim & Jin-young Jung & Sung-woo Cho, 2021. "Does Information Asymmetry Affect Dividend Policy? Analysis Using Market Microstructure Variables," Sustainability, MDPI, vol. 13(7), pages 1-19, March.
    8. Xiaoran Ni & Huilin Zhang, 2019. "Mandatory corporate social responsibility disclosure and dividend payouts: evidence from a quasi‐natural experiment," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 58(5), pages 1581-1612, March.
    9. Kim, JooMan & Yang, Insun & Yang, Taeyong & Koveos, Peter, 2021. "The impact of R&D intensity, financial constraints, and dividend payout policy on firm value," Finance Research Letters, Elsevier, vol. 40(C).
    10. Sarmiento-Sabogal, Julio & Sadeghi, Mehdi, 2014. "Unlevered betas and the cost of equity capital: An empirical approach," The North American Journal of Economics and Finance, Elsevier, vol. 30(C), pages 90-105.
    11. Borgonovo, E. & Gatti, S. & Peccati, L., 2010. "What drives value creation in investment projects? An application of sensitivity analysis to project finance transactions," European Journal of Operational Research, Elsevier, vol. 205(1), pages 227-236, August.
    12. Adhikari, Binay K. & Agrawal, Anup, 2018. "Peer influence on payout policies," Journal of Corporate Finance, Elsevier, vol. 48(C), pages 615-637.
    13. Song, Yunxing & Lee, Suin & Wang, Bin, 2025. "Digital finance and dividend policy: Evidence from China," Pacific-Basin Finance Journal, Elsevier, vol. 90(C).
    14. Zhong He & Xiaoyan Chen & Wei Huang & Rulu Pan & Jing Shi & Tom Smith, 2016. "External finance and dividend policy: a twist by financial constraints," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 56(4), pages 935-959, December.
    15. Hui-Fun Yu & Tsui-Jung Lin & Hai-Yen Chang & Yu-Huai Wang, 2020. "The Impact of Political Connection and Information Asymmetry on Investment Efficiency: Evidence from China," Sustainability, MDPI, vol. 12(14), pages 1-15, July.
    16. Ma, Pengfei & Dong, Siying, 2025. "How do online media affect cash dividends? Evidence from China∗," International Review of Economics & Finance, Elsevier, vol. 98(C).
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    20. Mohd Ashari Bakri & Bany-Ariffin Amin Nordin & Bolaji Tunde Matemilola & Lau Wei Theng, 2020. "Moderating Role of Financial Market Development on the Relationship between Stock Liquidity and Dividend," Asian Academy of Management Journal of Accounting and Finance (AAMJAF), Penerbit Universiti Sains Malaysia, vol. 16(2), pages 77-99.
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    33. Akindayomi, Akinloye & Amin, Md Ruhul, 2022. "Does business strategy affect dividend payout policies?," Journal of Business Research, Elsevier, vol. 151(C), pages 531-550.
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    35. Adhikari, Binay Kumar & Agrawal, Anup, 2016. "Does local religiosity matter for bank risk-taking?," Journal of Corporate Finance, Elsevier, vol. 38(C), pages 272-293.
    36. Firth, Michael & Gao, Jin & Shen, Jianghua & Zhang, Yuanyuan, 2016. "Institutional stock ownership and firms’ cash dividend policies: Evidence from China," Journal of Banking & Finance, Elsevier, vol. 65(C), pages 91-107.
    37. Mohammad Hendijani Zadeh & Michel Magnan & Denis Cormier & Ahmad Hammami, 2021. "Does corporate social responsibility transparency mitigate corporate cash holdings?," International Journal of Managerial Finance, Emerald Group Publishing Limited, vol. 19(1), pages 63-87, December.
    38. Lightfoot, Geoffrey & Wisniewski, Tomasz, 2014. "Information Asymmetry and Power in a Surveillance Society," MPRA Paper 53109, University Library of Munich, Germany.
    39. Shah, Muhammad Hashim & Xiao, Zuoping & Abdullah,, 2023. "Internal pyramid structure, judicial efficiency, firm-level governance and dividend policy," International Review of Economics & Finance, Elsevier, vol. 83(C), pages 764-785.
    40. Maria Elisabete Duante Neves, 2017. "Payout and Firm's Catering," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(4), pages 104-132.
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    42. Yang, Haijun & Qi, Shu & Zhang, Zhou & Koslowsky, David, 2021. "A model of information diffusion with asymmetry and confidence effects in financial markets," The North American Journal of Economics and Finance, Elsevier, vol. 57(C).
    43. Jian Cao & Thomas R. Kubick & Adi N. S. Masli, 2017. "Do corporate payouts signal going-concern risk for auditors? Evidence from audit reports for companies in financial distress," Review of Quantitative Finance and Accounting, Springer, vol. 49(3), pages 599-631, October.
    44. Chen, Ni-Yun & Chen, Kun-Chih & Liu, Chi-Chun, 2019. "Debt-financed repurchases and credit ratings with the respect of free cash flow and repurchase purpose," The North American Journal of Economics and Finance, Elsevier, vol. 47(C), pages 23-36.
    45. Hu, Jinshuai & Jiang, Haiyan & Wu, Yibing, 2023. "How does privatization affect cash dividends? Quasi-experimental evidence from China," Emerging Markets Review, Elsevier, vol. 57(C).
    46. Chen, Ni-Yun & Liu, Chi-Chun, 2023. "The impact of share repurchases on equity finance and performance," The Quarterly Review of Economics and Finance, Elsevier, vol. 91(C), pages 198-212.
    47. Huilin Zhang & Sabri Boubaker & Xiaroan Ni, 2024. "Litigating Payouts or Not? Evidence from Universal Demand Laws," Post-Print hal-04432414, HAL.
    48. Neffa, Julio César, 2012. "La evolución de la relación salarial durante la post convertibilidad," Revue de la Régulation - Capitalisme, institutions, pouvoirs, Association Recherche et Régulation, vol. 11.
    49. Laetitia Lepetit & Céline Meslier-Crouzille & Leo Indra Wardhana, 2015. "Do Asymmetric Information and Ownership Structure Matter for Dividend Payout Decisions? Evidence from European Banks," Working Papers hal-01186722, HAL.
    50. Hariem Abdullah & Aliya Zhakanova Isiksal & Razha Rasul, 2023. "Dividend policy and firm value: evidence of financial firms from Borsa Istanbul under the IFRS adoption," Journal of Financial Reporting and Accounting, Emerald Group Publishing Limited, vol. 23(1), pages 350-370, March.
    51. Agapova, Anna & King, Tatiana & Ranta, Mikko, 2025. "Navigating transparency: The interplay of ESG disclosure and voluntary earnings guidance," International Review of Financial Analysis, Elsevier, vol. 97(C).
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    54. Chinmoy Ghosh & Mingwei Liang & Milena T Petrova, 2020. "The Effect of Fair Value Method Adoption: Evidence from Real Estate Firms in the EU," The Journal of Real Estate Finance and Economics, Springer, vol. 60(1), pages 205-237, February.
    55. Lee, Bong Soo & Mauck, Nathan, 2016. "Dividend initiations, increases and idiosyncratic volatility," Journal of Corporate Finance, Elsevier, vol. 40(C), pages 47-60.
    56. Saeed, Abubakr & Zamir, Farah, 2021. "How does CSR disclosure affect dividend payments in emerging markets?," Emerging Markets Review, Elsevier, vol. 46(C).
    57. Jinghua Zhang & Wenzhen Zhang, 2013. "Will Carbon Tax Yield Employment Double Dividend for China?," International Journal of Business and Social Research, MIR Center for Socio-Economic Research, vol. 3(4), pages 124-131, April.
    58. Amin, Abu S. & Dutta, Shantanu & Saadi, Samir & Vora, Premal P., 2015. "Institutional shareholding and information content of dividend surprises: Re-examining the dynamics in dividend-reappearance era," Journal of Corporate Finance, Elsevier, vol. 31(C), pages 152-170.
    59. Jinhua Cui & Hoje Jo & Haejung Na, 2018. "Does Corporate Social Responsibility Affect Information Asymmetry?," Journal of Business Ethics, Springer, vol. 148(3), pages 549-572, March.
    60. Lepetit, L. & Meslier, C. & Strobel, F. & Wardhana, L., 2018. "Bank dividends, agency costs and shareholder and creditor rights," International Review of Financial Analysis, Elsevier, vol. 56(C), pages 93-111.
    61. Driver, Ciaran & Grosman, Anna & Scaramozzino, Pasquale, 2020. "Dividend policy and investor pressure," Economic Modelling, Elsevier, vol. 89(C), pages 559-576.
    62. Jiang, Fuxiu & Ma, Yunbiao & Shi, Beibei, 2017. "Stock liquidity and dividend payouts," Journal of Corporate Finance, Elsevier, vol. 42(C), pages 295-314.
    63. He, Wen & Li, Chao Kevin, 2018. "The effects of a comply-or-explain dividend regulation in China," Journal of Corporate Finance, Elsevier, vol. 52(C), pages 53-72.
    64. Yajie Chen & Qinlin Zhong & Fuxiu Jiang, 2020. "The capital market spillover effect of product market advertising: Evidence from stock price synchronicity," Frontiers of Business Research in China, Springer, vol. 14(1), pages 1-21, December.
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    69. Zakir Pashayev & Omar Farooq, 2019. "Capital Structure and Value of Advertising Expenditures: Evidence from an Emerging Market," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 25(4), pages 461-468, November.
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    610. Tung-Hao Lee & Jiun-Kai Huang, 2013. "Financial Liberalization, Foreign Ownership and Corporate Operational Efficiency: The Case of Taiwan Market," Review of Economics & Finance, Better Advances Press, Canada, vol. 3, pages 34-47, August.
    611. Liu, Chenxi & Kang, Mengyao, 2025. "Director overseas experience and cross-border acquisitions: Evidence from China," Research in International Business and Finance, Elsevier, vol. 75(C).

  33. Li, Kai, 2004. "Confidence in the Familiar: An International Perspective," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 39(1), pages 47-68, March.

    Cited by:

    1. Anna Faelten & Miles Gietzmann & Valeriya Vitkova, 2014. "Naked M&A Transactions: How the Lack of Local Expertise in Cross-Border Deals Can Negatively Affect Acquirer Performance – and How Informed Institutional Investors can Mitigate This Effect," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 41(3-4), pages 469-506, April.
    2. Maroney, James J. & McGarry, Clodagh & Ó hÓgartaigh, Ciarán, 2008. "Familiarity, home bias and investors’ reactions to 20-F reconciliation gains and losses and perceptions of the quality of accounting principles," The British Accounting Review, Elsevier, vol. 40(2), pages 103-122.
    3. Giofré, Maela, 2024. "Foreign portfolio investments and voting bias in the Eurovision Song Contest," Economics Letters, Elsevier, vol. 243(C).
    4. Baele, Lieven & Pungulescu, Crina & Ter Horst, Jenke, 2007. "Model uncertainty, financial market integration and the home bias puzzle," Journal of International Money and Finance, Elsevier, vol. 26(4), pages 606-630, June.
    5. Wen-Lin Wu & Yin-Feng Gau, 2017. "Home bias in portfolio choices: social learning among partially informed agents," Review of Quantitative Finance and Accounting, Springer, vol. 48(2), pages 527-556, February.
    6. Giofré, Maela, 2014. "Domestic investor protection and foreign portfolio investment," Journal of Banking & Finance, Elsevier, vol. 46(C), pages 355-371.
    7. Laeven, Luc & Chhaochharia, Vidhi, 2008. "Sovereign Wealth Funds: Their Investment Strategies and Performance," CEPR Discussion Papers 6959, C.E.P.R. Discussion Papers.
    8. De Moor, Lieven & Sercu, Piet & Vanpée, Rosanne, 2007. "The plausibility of risk estimates and implied costs to international equity investment," Working Papers 2007/34, Hogeschool-Universiteit Brussel, Faculteit Economie en Management.
    9. Giofré, Maela, 2013. "International diversification: Households versus institutional investors," The North American Journal of Economics and Finance, Elsevier, vol. 26(C), pages 145-176.
    10. Martijn Boermans & Ian Cooper & Piet Sercu & Rosanne Vanpée, 2022. "Foreign bias in equity portfolios: Informational advantage or familiarity bias?," Working Papers 742, DNB.
    11. Mishra, Anil, 2013. "Measures of Equity Home Bias Puzzle," MPRA Paper 51223, University Library of Munich, Germany.
    12. Giofré, Maela M., 2008. "Bias in foreign equity portfolios: households versus professional investors," MPRA Paper 13929, University Library of Munich, Germany.
    13. Eduard Gaar & David Scherer & Dirk Schiereck, 2022. "The home bias and the local bias: A survey," Management Review Quarterly, Springer, vol. 72(1), pages 21-57, February.
    14. Mishra, Anil V., 2017. "Foreign bias in Australia's international equity holdings," Review of Financial Economics, Elsevier, vol. 33(C), pages 41-54.
    15. Liang, Quanxi & Jin, Qi & Lu, Meiting & Shan, Yaowen, 2023. "When school ties meet geography: Education-province bias in mutual fund portfolios," Journal of Banking & Finance, Elsevier, vol. 157(C).
    16. Chiou, Wan-Jiun Paul & Lee, Alice C. & Chang, Chiu-Chi A., 2009. "Do investors still benefit from international diversification with investment constraints?," The Quarterly Review of Economics and Finance, Elsevier, vol. 49(2), pages 448-483, May.
    17. Giofré, Maela, 2009. "The role of information asymmetries and inflation hedging in international equity portfolios," Journal of Multinational Financial Management, Elsevier, vol. 19(4), pages 237-255, October.
    18. Geoffrey J. Warren, 2010. "Equity home bias in Australian superannuation funds," Australian Journal of Management, Australian School of Business, vol. 35(1), pages 69-93, April.
    19. Matthew Hood & John Nofsinger & Abhishek Varma, 2014. "Conservation, Discrimination, and Salvation: Investors’ Social Concerns in the Stock Market," Journal of Financial Services Research, Springer;Western Finance Association, vol. 45(1), pages 5-37, February.
    20. Chen, Ke & Vitiello, Luiz & Hyde, Stuart & Poon, Ser-Huang, 2018. "The reality of stock market jumps diversification," Journal of International Money and Finance, Elsevier, vol. 86(C), pages 171-188.
    21. Huang, Alan G. & Kalimipalli, Madhu & Nayak, Subhankar & Ramchand, Latha, 2019. "Risk mitigation by institutional participants in the secondary market: Evidence from foreign Rule 144A debt market," Journal of Banking & Finance, Elsevier, vol. 99(C), pages 202-221.
    22. Driessen, Joost & Laeven, Luc, 2007. "International portfolio diversification benefits: Cross-country evidence from a local perspective," Journal of Banking & Finance, Elsevier, vol. 31(6), pages 1693-1712, June.
    23. Mishra, Anil V, 2015. "Foreign Bias in Australian Domiciled Mutual Fund Holdings," MPRA Paper 63376, University Library of Munich, Germany.
    24. Jagannathan, Murali & Jiao, Wei & Karolyi, G. Andrew, 2022. "Is there a home field advantage in global markets?," Journal of Financial Economics, Elsevier, vol. 143(2), pages 742-770.
    25. Ang, James & de Jong, Abe & van der Poel, Marieke, 2014. "Does familiarity with business segments affect CEOs' divestment decisions?," Journal of Corporate Finance, Elsevier, vol. 29(C), pages 58-74.
    26. Anna Faelten & Miles Gietzmann & Valeriya Vitkova, 2015. "Learning from your investors: can the geographical composition of institutional investors affect the chance of success in international M&A deals?," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 19(1), pages 47-69, February.

  34. Kai Li & Dale J. Poirier, 2003. "Bayesian analysis of an econometric model of birth inputs and outputs," Journal of Population Economics, Springer;European Society for Population Economics, vol. 16(3), pages 597-625, August.

    Cited by:

    1. Li, Mingliang & Tobias, Justin, 2005. "Bayesian Analysis of Structural Effects in an Ordered Equation System," Staff General Research Papers Archive 12247, Iowa State University, Department of Economics.
    2. Ana I. Balsa & Patricia Triunfo, 2012. "The Effectiveness of Prenatal Care in a Low Income Population: A Panel Data Approach," Documentos de Trabajo/Working Papers 1204, Facultad de Ciencias Empresariales y Economia. Universidad de Montevideo..
    3. Ana Inés Balsa & Patricia Triunfo, 2012. "¿Son los cuidados prenatales efectivos? Un enfoque con datos individuales de panel," Documentos de Trabajo (working papers) 0612, Department of Economics - dECON.
    4. R. Todd Jewell & Patricia Triunfo, 2006. "Bajo peso al nacer en Uruguay: implicaciones para las políticas de salud," Documentos de Trabajo (working papers) 1706, Department of Economics - dECON.
    5. Habibov, Nazim N. & Fan, Lida, 2011. "Does prenatal healthcare improve child birthweight outcomes in Azerbaijan? Results of the national Demographic and Health Survey," Economics & Human Biology, Elsevier, vol. 9(1), pages 56-65, January.
    6. Hope Corman & Dhaval Dave & Nancy E. Reichman, 2018. "Evolution of the Infant Health Production Function," Southern Economic Journal, John Wiley & Sons, vol. 85(1), pages 6-47, July.
    7. R. Todd Jewell, 2007. "Prenatal care and birthweight production: evidence from South America," Applied Economics, Taylor & Francis Journals, vol. 39(4), pages 415-426.
    8. Todd Jewell & Patricia Triunfo & Rafael Aguirre, 2004. "Impacto de los cuidados Prenatales en el Peso al Nacer: El Caso del Uruguay," Documentos de Trabajo (working papers) 0704, Department of Economics - dECON.
    9. Tim Bersak & Lyudmyla Sonchak‐Ardan, 2022. "Prenatal care: Mechanisms and impacts on infant health and health care utilization," Contemporary Economic Policy, Western Economic Association International, vol. 40(1), pages 48-65, January.

  35. Hollifield, Burton & Koop, Gary & Li, Kai, 2003. "A Bayesian analysis of a variance decomposition for stock returns," Journal of Empirical Finance, Elsevier, vol. 10(5), pages 583-601, December.

    Cited by:

    1. Andrea Bastianin & Matteo Manera, 2015. "How Does Stock Market Volatility React to Oil Shocks?," Working Papers 2014.110, Fondazione Eni Enrico Mattei.
    2. Yi-Mien Lin & Yun-Sheng Hsu & Shieh-Liang Chen, 2009. "Cash-flow news, market liquidity and liquidity risk," Applied Economics, Taylor & Francis Journals, vol. 41(9), pages 1137-1156.
    3. Roy P. P. M. Hoevenaars & Roderick D. J. Molenaar & Peter C. Schotman & Tom B. M. Steenkamp, 2014. "Strategic Asset Allocation For Long‐Term Investors: Parameter Uncertainty And Prior Information," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 29(3), pages 353-376, April.
    4. Maio, Paulo & Philip, Dennis, 2015. "Macro variables and the components of stock returns," Journal of Empirical Finance, Elsevier, vol. 33(C), pages 287-308.
    5. Lawrenz, Jochen & Zorn, Josef, 2018. "Decomposing the predictive power of local and global financial valuation ratios," The Quarterly Review of Economics and Finance, Elsevier, vol. 70(C), pages 137-149.
    6. Zhang, Tongbin, 2021. "Stock prices and the risk-free rate: An internal rationality approach," Journal of Economic Dynamics and Control, Elsevier, vol. 127(C).
    7. Zhang, Tongbin, 2014. "Stock Price, Real Riskless Interest Rate and Learning," MPRA Paper 57090, University Library of Munich, Germany.

  36. Chakravarty, Sugato & Li, Kai, 2003. "An examination of own account trading by dual traders in futures markets," Journal of Financial Economics, Elsevier, vol. 69(2), pages 375-397, August.
    See citations under working paper version above.
  37. Li, Kai & Sarkar, Asani & Wang, Zhenyu, 2003. "Diversification benefits of emerging markets subject to portfolio constraints," Journal of Empirical Finance, Elsevier, vol. 10(1-2), pages 57-80, February.

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    1. Kearney, Colm, 2012. "Emerging markets research: Trends, issues and future directions," Emerging Markets Review, Elsevier, vol. 13(2), pages 159-183.
    2. Wan- Jiun Paul Chiou & Chun- Pin Hsu & Chin- Wen Huang, 2013. "Development and international diversification benefits of equity markets in China, Hong Kong, and Taiwan," Chapters, in: Peter C.Y. Chow (ed.), Economic Integration Across the Taiwan Strait, chapter 5, pages 102-138, Edward Elgar Publishing.
    3. Fletcher, Jonathan, 2018. "An empirical examination of the diversification benefits of U.K. international equity closed-end funds," International Review of Financial Analysis, Elsevier, vol. 55(C), pages 23-34.
    4. Frédy Valé Manuel Pokou & Jules Sadefo Kamdem & François Benhmad, 2023. "Empirical Performance of an ESG Assets Portfolio from US Market," Post-Print hal-04312348, HAL.
    5. Ramona DUMITRIU & Razvan STEFANESCU, 2014. "Gone Fishin’ Effects In Returns," Risk in Contemporary Economy, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, pages 254-261.
    6. Dumitriu, Ramona & Stefanescu, Razvan, 2013. "DOW effects in returns and in volatility of stock markets during quiet and turbulent times," MPRA Paper 47218, University Library of Munich, Germany, revised 02 Apr 2013.
    7. Ehling, Paul & Ramos, Sofia B., 2006. "Geographic versus industry diversification: Constraints matter," Journal of Empirical Finance, Elsevier, vol. 13(4-5), pages 396-416, October.
    8. Jacinta Chan Phooi M’ng & Mohammadali Mehralizadeh, 2016. "Forecasting East Asian Indices Futures via a Novel Hybrid of Wavelet-PCA Denoising and Artificial Neural Network Models," PLOS ONE, Public Library of Science, vol. 11(6), pages 1-29, June.
    9. Ahmed, Walid M.A., 2008. "Cointegration and dynamic linkages of international stock markets: an emerging market perspective," MPRA Paper 26986, University Library of Munich, Germany.
    10. Kamil, Nazrol K.M. & Bacha, Obiyathulla I. & Masih, Mansur, 2021. "Is there a diversification “cost” of Shari’ah compliance? Empirical evidence from Malaysian equities," Economic Systems, Elsevier, vol. 45(1).
    11. Phengpis, Chanwit & Swanson, Peggy E., 2006. "Portfolio diversification effects of trading blocs: The case of NAFTA," Journal of Multinational Financial Management, Elsevier, vol. 16(3), pages 315-331, July.
    12. Hens, Thorsten & Schindler, Nilüfer, 2020. "Value and patience: The value premium in a dividend-growth model with hyperbolic discounting," Journal of Economic Behavior & Organization, Elsevier, vol. 172(C), pages 161-179.
    13. Doojin Ryu & Jinyoung Yu, 2021. "Informed options trading around holidays," Journal of Futures Markets, John Wiley & Sons, Ltd., vol. 41(5), pages 658-685, May.
    14. Demirer, Riza, 2013. "Can advanced markets help diversify risks in frontier stock markets? Evidence from Gulf Arab stock markets," Research in International Business and Finance, Elsevier, vol. 29(C), pages 77-98.
    15. Gupta, R. & Donleavy, G.D., 2009. "Benefits of diversifying investments into emerging markets with time-varying correlations: An Australian perspective," Journal of Multinational Financial Management, Elsevier, vol. 19(2), pages 160-177, April.
    16. Galvani, Valentina & Landon, Stuart, 2011. "Riding the Yield Curve: A Spanning Analysis," Working Papers 2011-19, University of Alberta, Department of Economics.
    17. Sama Haddad, 2023. "Global Financial Market Integration: A Literature Survey," JRFM, MDPI, vol. 16(12), pages 1-27, November.
    18. Fathi Abid & Pui Lam Leung & Mourad Mroua & Wing Keung Wong, 2014. "International Diversification Versus Domestic Diversification: Mean-Variance Portfolio Optimization and Stochastic Dominance Approaches," JRFM, MDPI, vol. 7(2), pages 1-22, May.
    19. Migliavacca, Milena & Goodell, John W. & Paltrinieri, Andrea, 2023. "A bibliometric review of portfolio diversification literature," International Review of Financial Analysis, Elsevier, vol. 90(C).
    20. Romain Deguest & Lionel Martellini & Vincent Milhau, 2018. "A Reinterpretation of the Optimal Demand for Risky Assets in Fund Separation Theorems," Management Science, INFORMS, vol. 64(9), pages 4333-4347, September.
    21. Marie Brière & Valérie Mignon & Kim Oosterlinck & Ariane Szafarz, 2015. "Towards Greater Diversification in Central Bank Reserves," EconomiX Working Papers 2015-34, University of Paris Nanterre, EconomiX.
    22. Hagelin, Niclas & Pramborg, Bengt, 2004. "Dynamic investment strategies with and without emerging equity markets," Emerging Markets Review, Elsevier, vol. 5(2), pages 193-215, June.
    23. Fletcher, Jonathan, 2018. "Betas V characteristics: Do stock characteristics enhance the investment opportunity set in U.K. stock returns?," The North American Journal of Economics and Finance, Elsevier, vol. 46(C), pages 114-129.
    24. Jones Odei Mensah & Gamini Premaratne, 2019. "Exploring Diversification Benefits In Asian Equity Markets," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 64(03), pages 517-542, June.
    25. Abel, Ernest & Fletcher, Jonathan, 2004. "An empirical examination of UK emerging market unit trust performance," Emerging Markets Review, Elsevier, vol. 5(4), pages 389-408, December.
    26. Boamah, Nicholas Addai & Watts, Edward J. & Loudon, Geoffrey, 2016. "Investigating temporal variation in the global and regional integration of African stock markets," Journal of Multinational Financial Management, Elsevier, vol. 36(C), pages 103-118.
    27. Thomas, Nisha Mary & Kashiramka, Smita & Yadav, Surendra Singh & Paul, Justin, 2022. "Role of emerging markets vis-à-vis frontier markets in improving portfolio diversification benefits," International Review of Economics & Finance, Elsevier, vol. 78(C), pages 95-121.
    28. M. Barari & Brian Lucey & S. Voronkova, 2008. "Reassessing co-movements among G7 equity markets: evidence from iShares," Applied Financial Economics, Taylor & Francis Journals, vol. 18(11), pages 863-877.
    29. Slah Bahloul & Mourad Mroua & Nader Naifar, 2017. "Further evidence on international Islamic and conventional portfolios diversification under regime switching," Applied Economics, Taylor & Francis Journals, vol. 49(39), pages 3959-3978, August.
    30. McDowell, Shaun, 2018. "The benefits of international diversification with weight constraints: A cross-country examination," The Quarterly Review of Economics and Finance, Elsevier, vol. 69(C), pages 99-109.
    31. Attig, Najah & Guedhami, Omrane & Nazaire, Gregory & Sy, Oumar, 2023. "What explains the benefits of international portfolio diversification?," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 83(C).
    32. Boamah, Nicholas Addai & Akotey, Joseph Oscar & Aaawaar, Godfred, 2020. "Economic engagement and within emerging markets integration," Research in International Business and Finance, Elsevier, vol. 52(C).
    33. Avishek Bhandari, 2020. "A wavelet analysis of inter-dependence, contagion and long memory among global equity markets," Papers 2003.14110, arXiv.org.
    34. Hueng, C. James & Yau, Ruey, 2013. "Country-specific idiosyncratic risk and global equity index returns," International Review of Economics & Finance, Elsevier, vol. 25(C), pages 326-337.
    35. Boamah, Nicholas Addai, 2017. "The dynamics of the relative global sector effects and contagion in emerging markets equity returns," Research in International Business and Finance, Elsevier, vol. 39(PA), pages 433-453.
    36. Marie Brière & Bastien Drut & Valérie Mignon & Kim Oosterlinck & Ariane Szafarz, 2011. "Is the Market Portfolio Efficient? A New Test to Revisit the Roll (1977) versus Levy and Roll (2010) Controversy," Working Papers hal-04140988, HAL.
    37. Bekaert, Geert & Harvey, Campbell R., 2003. "Emerging markets finance," Journal of Empirical Finance, Elsevier, vol. 10(1-2), pages 3-56, February.
    38. Pornpen Sodsrichai & Sakkapop Panyanukul & Nantaporn Pongpatthananon, 2011. ""Putting All Eggs in One Basket" Thailand's Under-Investment Abroad: Impact and Explanations," Working Papers 2011-06, Monetary Policy Group, Bank of Thailand.
    39. Fletcher, Jonathan & Marshall, Andrew, 2005. "An empirical examination of the benefits of international diversification," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 15(5), pages 455-468, December.
    40. Phengpis, Chanwit & Swanson, Peggy E., 2004. "Increasing input information and realistically measuring potential diversification gains from international portfolio investments," Global Finance Journal, Elsevier, vol. 15(2), pages 197-217, August.
    41. Liu, Qingfu & Tu, Anthony H., 2012. "Jump spillovers in energy futures markets: Implications for diversification benefits," Energy Economics, Elsevier, vol. 34(5), pages 1447-1464.
    42. Mensah, Jones Odei & Premaratne, Gamini, 2014. "Exploring Diversification Benefits in Asia-Pacific Equity Markets," MPRA Paper 60180, University Library of Munich, Germany.
    43. Chiou, Wan-Jiun Paul, 2008. "Who benefits more from international diversification?," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 18(5), pages 466-482, December.
    44. Jonathan Fletcher & Elizabeth Littlejohn & Andrew Marshall, 2023. "Exploring the performance of US international bond mutual funds," The Financial Review, Eastern Finance Association, vol. 58(4), pages 765-782, November.
    45. Nistor, Costel & Dumitriu, Ramona & Stefanescu, Razvan, 2012. "Impact of the global crisis on the linkages between CAC 40 and indexes from CEE countries," MPRA Paper 42511, University Library of Munich, Germany, revised 18 Sep 2012.
    46. Ang, Andrew & Gorovyy, Sergiy & van Inwegen, Gregory B., 2011. "Hedge fund leverage," Journal of Financial Economics, Elsevier, vol. 102(1), pages 102-126, October.
    47. Gossé, Jean-Baptiste & Jehle, Camille, 2024. "Benefits of diversification in EU capital markets: Evidence from stock portfolios," Economic Modelling, Elsevier, vol. 135(C).
    48. Salehizadeh, Mehdi, 2003. "U.S. multinationals and the home bias puzzle: an empirical analysis," Global Finance Journal, Elsevier, vol. 14(3), pages 303-318, December.
    49. Chiou, Wan-Jiun Paul & Lee, Alice C. & Chang, Chiu-Chi A., 2009. "Do investors still benefit from international diversification with investment constraints?," The Quarterly Review of Economics and Finance, Elsevier, vol. 49(2), pages 448-483, May.
    50. Galvani, Valentina & Behnamian, Aslan, 2009. "A Comparative Analysis of the Returns on Provincial and Federal Canadian Bonds," Working Papers 2009-7, University of Alberta, Department of Economics.
    51. Nicole Branger & Matthias Muck & Stefan Weisheit, 2019. "Correlation risk and international portfolio choice," Journal of Futures Markets, John Wiley & Sons, Ltd., vol. 39(1), pages 128-146, January.
    52. SENGA, Christian, 2018. "Portfolio optimization at the frontier: Assessing the diversification benefits of African securities," Working Papers 2019001, University of Antwerp, Faculty of Business and Economics.
    53. Marie Briere & Bastien Drut & Valérie Mignon & Kim Oosterlinck & Ariane Szafarz, 2012. "Is the Market Portfolio Efficient? A New Test of Mean-Variance Efficiency when All Assets Are Risky," Working Papers CEB 12-003, ULB -- Universite Libre de Bruxelles.
    54. Mourad Mroua & Fathi Abid, 2014. "Portfolio revision and optimal diversification strategy choices," International Journal of Managerial Finance, Emerald Group Publishing Limited, vol. 10(4), pages 537-564, August.
    55. Mansourfar, Gholamreza & Mohamad, Shamsher & Hassan, Taufiq, 2010. "The behavior of MENA oil and non-oil producing countries in international portfolio optimization," The Quarterly Review of Economics and Finance, Elsevier, vol. 50(4), pages 415-423, November.
    56. Turtle, H.J. & Zhang, Chengping, 2012. "Time-varying performance of international mutual funds," Journal of Empirical Finance, Elsevier, vol. 19(3), pages 334-348.
    57. Rong Huang & Dimos Kambouroudis & David G. McMillan, 2025. "Is portfolio diversification still effective: evidence spanning three crises from the perspective of U.S. investors," Journal of Asset Management, Palgrave Macmillan, vol. 26(2), pages 115-135, March.
    58. Ibrahim Ergen, 2014. "Tail dependence and diversification benefits in emerging market stocks: an extreme value theory approach," Applied Economics, Taylor & Francis Journals, vol. 46(19), pages 2215-2227, July.
    59. Yildirim, Ramazan & Masih, A. Mansur M., 2014. "The Effect of Recent Financial Crisis over Global Portfolio Diversification Opportunities – Empirical Evidence A Comparative Multivariate GARCH-DCC, MODWT and Wavelet Correlation Analysis," MPRA Paper 58269, University Library of Munich, Germany.
    60. Switzer, Lorne N. & Tahaoglu, Cagdas, 2015. "The benefits of international diversification: market development, corporate governance, market cap, and structural change effects," International Review of Financial Analysis, Elsevier, vol. 42(C), pages 76-97.
    61. Beini Guo & Oyakhilome Ibhagui, 2019. "China–Africa stock market linkages and the global financial crisis," Journal of Asset Management, Palgrave Macmillan, vol. 20(4), pages 301-316, July.
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    84. Antonios Antoniou & Olasupo Olusi & Krishna Paudyal, 2010. "Equity Home†Bias: A Suboptimal Choice for UK investors?," European Financial Management, European Financial Management Association, vol. 16(3), pages 449-479, June.
    85. Taylor, Nick, 2016. "Roll strategy efficiency in commodity futures markets," Journal of Commodity Markets, Elsevier, vol. 1(1), pages 14-34.
    86. Fletcher, Jonathan, 2021. "International equity U.S. mutual funds and diversification benefits," International Review of Economics & Finance, Elsevier, vol. 76(C), pages 246-257.

  38. Chakravarty, Sugato & Li, Kai, 2003. "A Bayesian analysis of dual trader informativeness in futures markets," Journal of Empirical Finance, Elsevier, vol. 10(3), pages 355-371, May.

    Cited by:

    1. Maksym, Obrizan, 2010. "A Bayesian Model of Sample Selection with a Discrete Outcome Variable," MPRA Paper 28577, University Library of Munich, Germany.
    2. Chakravarty, Sugato & Li, Kai, 2001. "An Examination of Own Account Trading by Dual Traders in Futures Markets," Purdue University Economics Working Papers 1151, Purdue University, Department of Economics.
    3. Jan Hanousek & František Kopøiva, 2011. "Detecting Information-Driven Trading in a Dealers Market," Czech Journal of Economics and Finance (Finance a uver), Charles University Prague, Faculty of Social Sciences, vol. 61(3), pages 204-229, July.

  39. Li, Kai & Poirier, Dale J., 2003. "An econometric model of birth inputs and outputs for Native Americans," Journal of Econometrics, Elsevier, vol. 113(2), pages 337-361, April.

    Cited by:

    1. Li, Mingliang & Tobias, Justin, 2005. "Bayesian Analysis of Structural Effects in an Ordered Equation System," Staff General Research Papers Archive 12247, Iowa State University, Department of Economics.
    2. Ana I. Balsa & Patricia Triunfo, 2012. "The Effectiveness of Prenatal Care in a Low Income Population: A Panel Data Approach," Documentos de Trabajo/Working Papers 1204, Facultad de Ciencias Empresariales y Economia. Universidad de Montevideo..
    3. Ana Inés Balsa & Patricia Triunfo, 2012. "¿Son los cuidados prenatales efectivos? Un enfoque con datos individuales de panel," Documentos de Trabajo (working papers) 0612, Department of Economics - dECON.
    4. Kai Li & Dale J. Poirier, 2003. "Relationship Between Maternal Behavior During Pregnancy, Birth Outcome, and Early Childhood Development: An Exploratory Study," CESifo Working Paper Series 1030, CESifo.
    5. R. Todd Jewell & Patricia Triunfo, 2006. "Bajo peso al nacer en Uruguay: implicaciones para las políticas de salud," Documentos de Trabajo (working papers) 1706, Department of Economics - dECON.
    6. Habibov, Nazim N. & Fan, Lida, 2011. "Does prenatal healthcare improve child birthweight outcomes in Azerbaijan? Results of the national Demographic and Health Survey," Economics & Human Biology, Elsevier, vol. 9(1), pages 56-65, January.
    7. Hope Corman & Dhaval Dave & Nancy E. Reichman, 2018. "Evolution of the Infant Health Production Function," Southern Economic Journal, John Wiley & Sons, vol. 85(1), pages 6-47, July.
    8. R. Todd Jewell, 2007. "Prenatal care and birthweight production: evidence from South America," Applied Economics, Taylor & Francis Journals, vol. 39(4), pages 415-426.
    9. Todd Jewell & Patricia Triunfo & Rafael Aguirre, 2004. "Impacto de los cuidados Prenatales en el Peso al Nacer: El Caso del Uruguay," Documentos de Trabajo (working papers) 0704, Department of Economics - dECON.
    10. Tim Bersak & Lyudmyla Sonchak‐Ardan, 2022. "Prenatal care: Mechanisms and impacts on infant health and health care utilization," Contemporary Economic Policy, Western Economic Association International, vol. 40(1), pages 48-65, January.

  40. Kai Li & Asani Sarkar, 2002. "Should U.S. investors hold foreign stocks?," Current Issues in Economics and Finance, Federal Reserve Bank of New York, vol. 8(Mar).

    Cited by:

    1. Stephanos Papadamou & Costas Siriopoulos, 2004. "American equity mutual funds in European markets: Hot hands phenomenon and style analysis," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 9(2), pages 85-97.

  41. Koop, Gary & Li, Kai, 2001. "The valuation of IPO and SEO firms," Journal of Empirical Finance, Elsevier, vol. 8(4), pages 375-401, September.

    Cited by:

    1. Wang, Zhuqing & Wang, Xinyu & Xu, Yan & Cheng, Qiuying, 2022. "Are green IPOs priced differently? Evidence from China," Research in International Business and Finance, Elsevier, vol. 61(C).
    2. Robert Brooks & Tim Fry & William Dimovski & Sandra Mihajilo, 2009. "A duration analysis of the time from prospectus to listing for Australian initial public offerings," Applied Financial Economics, Taylor & Francis Journals, vol. 19(3), pages 183-190.
    3. Marco Cucculelli & Manuela Geranio & Camilla Mazzoli & Sabrina Severini, 2021. "IPO Pricing and Dealers’ Interaction: A Stochastic Frontier Approach," International Business Research, Canadian Center of Science and Education, vol. 14(1), pages 1-1, January.
    4. Reber, Beat & Vencappa, Dev, 2016. "Deliberate premarket underpricing and aftermarket mispricing: New insights on IPO pricing," International Review of Financial Analysis, Elsevier, vol. 44(C), pages 18-33.
    5. Dimovski, William & Brooks, Robert, 2008. "The underpricing of gold mining initial public offerings," Research in International Business and Finance, Elsevier, vol. 22(1), pages 1-16, January.
    6. Xin Chang & André F. Gygax & Elaine Oon & Hong Feng Zhang, 2008. "Audit quality, auditor compensation and initial public offering underpricing," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 48(3), pages 391-416, September.
    7. William Dimovski, 2010. "The pricing of infrastructure initial public offerings: evidence from Australia," Journal of Property Research, Taylor & Francis Journals, vol. 28(1), pages 3-14, July.
    8. Chen, Mei-ping & Lee, Chien-Chiang & Hsu, Yi-Chung, 2011. "The impact of American depositary receipts on the Japanese index: Do industry effect and size effect matter?," Economic Modelling, Elsevier, vol. 28(1), pages 526-539.
    9. Dimovski, William & Brooks, Robert, 2004. "Do you really want to ask an underwriter how much money you should leave on the table?," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 14(3), pages 267-280, July.
    10. Reber, Beat, 2017. "Does mispricing, liquidity or third-party certification contribute to IPO downside risk?," International Review of Financial Analysis, Elsevier, vol. 51(C), pages 25-53.
    11. Pirayesh Neghab, Davood & Bradrania, Reza & Elliott, Robert, 2023. "Deliberate premarket underpricing: New evidence on IPO pricing using machine learning," International Review of Economics & Finance, Elsevier, vol. 88(C), pages 902-927.
    12. William Dimovski & Robert Brooks, 2006. "The Pricing of Property Trust IPOs in Australia," The Journal of Real Estate Finance and Economics, Springer, vol. 32(2), pages 185-199, March.
    13. C. Liu & C. Y. Chung, 2013. "SEO underpricing in China's stock market: a stochastic frontier approach," Applied Financial Economics, Taylor & Francis Journals, vol. 23(5), pages 393-402, March.
    14. Li, Kai, 2007. "The growth in equity market size and trading activity: An international study," Journal of Empirical Finance, Elsevier, vol. 14(1), pages 59-90, January.
    15. William Dimovski & Robert Brooks, 2003. "Financial characteristics of Australian initial public offerings from 1994 to 1999," Applied Economics, Taylor & Francis Journals, vol. 35(14), pages 1599-1607.
    16. Kai Li, 2004. "The Growth of Global Equity Markets: A Closer Look," Econometric Society 2004 North American Winter Meetings 54, Econometric Society.
    17. Greene, William, 2005. "Reconsidering heterogeneity in panel data estimators of the stochastic frontier model," Journal of Econometrics, Elsevier, vol. 126(2), pages 269-303, June.
    18. Yue-Cheong Chan & Congsheng Wu & Chuck Kwok, 2007. "Valuation of global IPOs: a stochastic frontier approach," Review of Quantitative Finance and Accounting, Springer, vol. 29(3), pages 267-284, October.

  42. Li, Kai, 1999. "Bayesian analysis of duration models: an application to Chapter 11 bankruptcy," Economics Letters, Elsevier, vol. 63(3), pages 305-312, June.

    Cited by:

    1. Sanjiv Jaggia & Satish Thosar, 2019. "An evaluation of chapter 11 bankruptcy filings in a competing risks framework," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 43(3), pages 569-581, July.
    2. Catherine Refait-Alexandre, 2004. "La prévision de la faillite fondée sur l'analyse financière de l'entreprise : un état des lieux," Economie & Prévision, La Documentation Française, vol. 162(1), pages 129-147.
    3. Carapeto, Maria, 2005. "Bankruptcy bargaining with outside options and strategic delay," Journal of Corporate Finance, Elsevier, vol. 11(4), pages 736-746, September.
    4. Glowicka, Ela, 2006. "Effectiveness of bailouts in the EU," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 176, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
    5. Molina, Carlos A., 2002. "Predicting bank failures using a hazard model: the Venezuelan banking crisis," Emerging Markets Review, Elsevier, vol. 3(1), pages 31-50, March.
    6. S. Balcaen & S. Manigart & H. Ooghe, 2009. "From distress to exit: determinants of the time to exit," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 09/588, Ghent University, Faculty of Economics and Business Administration.
    7. Carling, Kenneth & Jacobson, Tor & Linde, Jesper & Roszbach, Kasper, 2007. "Corporate credit risk modeling and the macroeconomy," Journal of Banking & Finance, Elsevier, vol. 31(3), pages 845-868, March.
    8. Carling, Kenneth & Jacobson, Tor & Lindé, Jesper & Roszbach, Kasper, 2002. "Capital Charges under Basel II: Corporate Credit Risk Modelling and the Macro Economy," Working Paper Series 142, Sveriges Riksbank (Central Bank of Sweden).
    9. Yang Ni & Shasha Guo & David Giles, 2010. "Capital structures in an emerging market: a duration analysis of the time interval between IPO and SEO in China," Applied Financial Economics, Taylor & Francis Journals, vol. 20(19), pages 1531-1545.
    10. Orbe, Jesus & Ferreira, Eva & Nunez-Anton, Vicente, 2001. "Modelling the duration of firms in Chapter 11 bankruptcy using a flexible model," Economics Letters, Elsevier, vol. 71(1), pages 35-42, April.
    11. Dewaelheyns, Nico & Van Hulle, Cynthia, 2009. "Filtering speed in a Continental European reorganization procedure," International Review of Law and Economics, Elsevier, vol. 29(4), pages 375-387, December.
    12. Carling, Kenneth & Rönnegård, Lars & Roszbach, Kasper, 2004. "Is Firm Interdependence within Industries Important for Portfolio Credit Risk?," Working Paper Series 168, Sveriges Riksbank (Central Bank of Sweden).
    13. Maria Heui-Yeong Kim & Shiguang Ma & Yanran Annie Zhou, 2016. "Survival prediction of distressed firms: evidence from the Chinese special treatment firms," Journal of the Asia Pacific Economy, Taylor & Francis Journals, vol. 21(3), pages 418-443, July.
    14. Aysun, Uluc, 2015. "Duration of bankruptcy proceedings and monetary policy effectiveness," Journal of Macroeconomics, Elsevier, vol. 44(C), pages 295-302.
    15. Catherine Refait-Alexandre, 2004. "A Review of Business Failure Prediction Based on Financial Analysis of the Firm [La prévision de la faillite fondée sur l'analyse financière de l'entreprise : un état des lieux]," Post-Print hal-01391654, HAL.
    16. Daniel M. Covitz & Song Han & Beth Anne Wilson, 2006. "Are longer bankruptcies really more costly?," Finance and Economics Discussion Series 2006-27, Board of Governors of the Federal Reserve System (U.S.).
    17. Timothy C.G. Fisher & Jocelyn Martel, 2012. "The Impact of Debtor-Friendly Reforms on the Performance of a Reorganization Procedure," Working Papers hal-00707359, HAL.
    18. Goodwin, John & Routledge, James, 2021. "Determinants of the duration of the voluntary administration process: An unconditional quantile regression analysis," Journal of Contemporary Accounting and Economics, Elsevier, vol. 17(3).
    19. Ando, Tomohiro, 2009. "Bayesian inference for the hazard term structure with functional predictors using Bayesian predictive information criteria," Computational Statistics & Data Analysis, Elsevier, vol. 53(6), pages 1925-1939, April.

  43. Li, Kai, 1999. "Testing Symmetry and Proportionality in PPP: A Panel-Data Approach," Journal of Business & Economic Statistics, American Statistical Association, vol. 17(4), pages 409-418, October.

    Cited by:

    1. Paul De Grauwe & Marianna Grimaldi, 2003. "Intervention in the Foreign Exchange Market in a Model with Noise Traders," Working Papers 162003, Hong Kong Institute for Monetary Research.
    2. Gary Koop & Roberto Leon-Gonzalez & Rodney Strachan, 2008. "Bayesian inference in a cointegrating panel data model," Advances in Econometrics, in: Bayesian Econometrics, pages 433-469, Emerald Group Publishing Limited.
    3. Paul De Grauwe & Marianna Grimaldi, 2014. "Exchange Rate Puzzles: A Tale of Switching Attractors," World Scientific Book Chapters, in: Exchange Rates and Global Financial Policies, chapter 3, pages 71-117, World Scientific Publishing Co. Pte. Ltd..
    4. E. Cefis & M. Ciccarelli & L. Orsenigo, 2005. "Testing Gibrat's Legacy: A Bayesian Approach to Study the Growth of Firms," Working Papers 05-02, Utrecht School of Economics.
    5. Goldman Elena & Tsurumi Hiroki, 2005. "Bayesian Analysis of a Doubly Truncated ARMA-GARCH Model," Studies in Nonlinear Dynamics & Econometrics, De Gruyter, vol. 9(2), pages 1-38, June.
    6. Hau, Harald, 2000. "Real Exchange Rate Volatility and Economic Openness: Theory and Evidence," CEPR Discussion Papers 2356, C.E.P.R. Discussion Papers.
    7. Yihui Lan, 2003. "The Long-Term Behaviour of Exchange Rates, Part III: The Explosion of Purchasing Power Parity," Economics Discussion / Working Papers 03-07, The University of Western Australia, Department of Economics.
    8. Chung, Hyunchul & Majerbi, Basma & Rizeanu, Sorin, 2015. "Exchange risk premia and firm characteristics," Emerging Markets Review, Elsevier, vol. 22(C), pages 96-125.
    9. Hall, Stephen G. & Hondroyiannis, George & Kenjegaliev, Amangeldi & Swamy, P.A.V.B. & Tavlas, George S., 2013. "Is the relationship between prices and exchange rates homogeneous?," Journal of International Money and Finance, Elsevier, vol. 37(C), pages 411-438.
    10. Erum Toor & Tanweer Ul Islam, 2019. "Power Comparison of Autocorrelation Tests in Dynamic Models," International Econometric Review (IER), Econometric Research Association, vol. 11(2), pages 58-69, September.
    11. Yihui Lan, 2001. "The Explosion of Purchasing Power Parity," Economics Discussion / Working Papers 01-22, The University of Western Australia, Department of Economics.
    12. Abdullah Noman, 2008. "Testing for PPP in the mean-group panel rgression framework: further evidence," Economics Bulletin, AccessEcon, vol. 6(20), pages 1-12.
    13. Tri WIDODO, 2015. "Purchasing Power Parity And Productivity-Bias Hypothesis," Review of Economic and Business Studies, Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, issue 16, pages 9-38, December.
    14. Shin, Dong Wan & Joon Kim, Han & Jhee, Won-Chul, 2007. "Asymptotic efficiency of the ordinary least-squares estimator for sur models with integrated regressors," Statistics & Probability Letters, Elsevier, vol. 77(1), pages 75-82, January.
    15. Christopher F. Baum & Mustafa Caglayan & John Barkoulas, 1998. "Nonlinear Adjustment to Purchasing Power Parity in the post-Bretton Woods Era," Boston College Working Papers in Economics 404., Boston College Department of Economics, revised 16 Nov 1999.
    16. Paul De Grauwe & Marianna Grimaldi, 2002. "The Exchange Rate and its Fundamentals. A Chaotic Perspective," CESifo Working Paper Series 639, CESifo.
    17. Marianna Grimaldi & Paul De Grauwe, 2003. "Bubbling and Crashing Exchange Rates," CESifo Working Paper Series 1045, CESifo.
    18. Widodo, Tri, 2007. "Productivity Differentials and Purchasing Power Parity: Cases of Indonesia and Korea," MPRA Paper 78217, University Library of Munich, Germany.

  44. Li, Kai, 1999. "Exchange Rate Target Zone Models: A Bayesian Evaluation," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 14(5), pages 461-490, Sept.-Oct.

    Cited by:

    1. Oleg Korenok & Stanislav Radchenko, 2005. "The smooth transition autoregressive target zone model with the Gaussian stochastic volatility and TGARCH error terms with applications," Econometrics 0508015, University Library of Munich, Germany.
    2. Rangvid, Jesper & Sorensen, Carsten, 2001. "Determinants of the implied shadow exchange rates from a target zone," European Economic Review, Elsevier, vol. 45(9), pages 1665-1696, October.
    3. Oleg Korenok & Stanislav Radchenko, 2005. "Expectations Anchoring in Inflation Targeting Regimes," Working Papers 0503, VCU School of Business, Department of Economics.
    4. Chakravarty, Sugato & Li, Kai, 2003. "A Bayesian analysis of dual trader informativeness in futures markets," Journal of Empirical Finance, Elsevier, vol. 10(3), pages 355-371, May.

  45. Kai, Li, 1998. "Bayesian inference in a simultaneous equation model with limited dependent variables," Journal of Econometrics, Elsevier, vol. 85(2), pages 387-400, August.

    Cited by:

    1. Sha Yang & Vishal Narayan & Henry Assael, 2006. "Estimating the Interdependence of Television Program Viewership Between Spouses: A Bayesian Simultaneous Equation Model," Marketing Science, INFORMS, vol. 25(4), pages 336-349, July.
    2. Lachos, Victor H. & Prates, Marcos O. & Dey, Dipak K., 2021. "Heckman selection-t model: Parameter estimation via the EM-algorithm," Journal of Multivariate Analysis, Elsevier, vol. 184(C).
    3. Maksym, Obrizan, 2010. "A Bayesian Model of Sample Selection with a Discrete Outcome Variable," MPRA Paper 28577, University Library of Munich, Germany.
    4. Lawrence Kessler & Murat Munkin, 2015. "Bayesian estimation of panel data fractional response models with endogeneity: an application to standardized test rates," Empirical Economics, Springer, vol. 49(1), pages 81-114, August.
    5. Mingliang Li, 2006. "High school completion and future youth unemployment: new evidence from High School and Beyond," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 21(1), pages 23-53, January.
    6. Herriges, Joseph & Kling, Catherine L. & Liu, Chih-Chen & Tobias, Justin, 2010. "What are the consequences of consequentiality?," ISU General Staff Papers 201001010800001561, Iowa State University, Department of Economics.
    7. Brownstone, David & Fang, Hao (Audrey), 2014. "A vehicle ownership and utilization choice model with endogenous residential density," The Journal of Transport and Land Use, Center for Transportation Studies, University of Minnesota, vol. 7(2), pages 135-151.
    8. Jorge E. Araña & Carmelo J. León, 2012. "Scale-perception bias in the valuation of environmental risks," Applied Economics, Taylor & Francis Journals, vol. 44(20), pages 2607-2617, July.
    9. Carapeto, Maria, 2005. "Bankruptcy bargaining with outside options and strategic delay," Journal of Corporate Finance, Elsevier, vol. 11(4), pages 736-746, September.
    10. Joshua C.C. Chan & Justin L. Tobias, 2012. "Priors and Posterior Computation in Linear Endogenous Variable Models with Imperfect Instruments," ANU Working Papers in Economics and Econometrics 2012-580, Australian National University, College of Business and Economics, School of Economics.
    11. Li, Kai & Poirier, Dale J., 2003. "An econometric model of birth inputs and outputs for Native Americans," Journal of Econometrics, Elsevier, vol. 113(2), pages 337-361, April.
    12. Manuel Wiesenfarth & Thomas Kneib, 2010. "Bayesian geoadditive sample selection models," Journal of the Royal Statistical Society Series C, Royal Statistical Society, vol. 59(3), pages 381-404, May.
    13. Maksym Obrizan, 2011. "A Bayesian Model of Sample Selection with a Discrete Outcome Variable: Detecting Depression in Older Adults," Discussion Papers 41, Kyiv School of Economics.
    14. Ho-Chuan River Huang, 2001. "Bayesian analysis of the dividend behaviour," Applied Financial Economics, Taylor & Francis Journals, vol. 11(3), pages 333-339.
    15. Munkin, Murat K. & Trivedi, Pravin K., 2003. "Bayesian analysis of a self-selection model with multiple outcomes using simulation-based estimation: an application to the demand for healthcare," Journal of Econometrics, Elsevier, vol. 114(2), pages 197-220, June.
    16. Dogan, Osman & Taspinar, Suleyman, 2016. "Bayesian Inference in Spatial Sample Selection Models," MPRA Paper 82829, University Library of Munich, Germany.
    17. Li, Mingliang & Tobias, Justin L., 2011. "Bayesian inference in a correlated random coefficients model: Modeling causal effect heterogeneity with an application to heterogeneous returns to schooling," Journal of Econometrics, Elsevier, vol. 162(2), pages 345-361, June.
    18. Ding, Peng, 2014. "Bayesian robust inference of sample selection using selection-t models," Journal of Multivariate Analysis, Elsevier, vol. 124(C), pages 451-464.
    19. Jorge Araña & Carmelo León, 2007. "Repeated Dichotomous Choice Formats for Elicitation of Willingness to Pay: Simultaneous Estimation and Anchoring Effect," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 36(4), pages 475-497, April.
    20. Kai Li & Dale J. Poirier, 2000. "An Econometric Model of Birth Inputs and Outputs," Econometric Society World Congress 2000 Contributed Papers 0352, Econometric Society.
    21. Jang, Sungha & Prasad, Ashutosh & Ratchford, Brian T., 2016. "Consumer spending patterns across firms and categories: Application to the size- and share-of-wallet," International Journal of Research in Marketing, Elsevier, vol. 33(1), pages 123-139.
    22. Chakravarty, Sugato & Li, Kai, 2003. "A Bayesian analysis of dual trader informativeness in futures markets," Journal of Empirical Finance, Elsevier, vol. 10(3), pages 355-371, May.
    23. Singh, Sonika & Ratchford, Brian T. & Prasad, Ashutosh, 2014. "Offline and Online Search in Used Durables Markets," Journal of Retailing, Elsevier, vol. 90(3), pages 301-320.
    24. Griffiths, W.E., 2001. "Bayesian Inference in the Seemingly Unrelated Regressions Models," Department of Economics - Working Papers Series 793, The University of Melbourne.
    25. Jorge E. Arana & Carmelo León, 2011. "Scale Perception Bias in the Valuation of Environmental Risks," Post-Print hal-00701866, HAL.
    26. Han, Xiaoyi & Hsieh, Chih-Sheng & Lee, Lung-fei, 2017. "Estimation and model selection of higher-order spatial autoregressive model: An efficient Bayesian approach," Regional Science and Urban Economics, Elsevier, vol. 63(C), pages 97-120.
    27. Subramanian Balachander & Bikram Ghosh, 2013. "Bayesian estimation of a simultaneous probit model using error augmentation: An application to multi-buying and churning behavior," Quantitative Marketing and Economics (QME), Springer, vol. 11(4), pages 437-458, December.
    28. van Hasselt, Martijn, 2011. "Bayesian inference in a sample selection model," Journal of Econometrics, Elsevier, vol. 165(2), pages 221-232.
    29. Bellmann, Lutz & Caliendo, Marco & Hujer, Reinhard & Radic, Dubravko, 2002. "Beschäftigungswirkungen technisch-organisatorischen Wandels : eine mikroökonometrische Analyse mit dem Linked IAB-Panel (Technological and organisational change and its effects on employment : a micro," Mitteilungen aus der Arbeitsmarkt- und Berufsforschung, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany], vol. 35(4), pages 506-522.
    30. Li, Mingliang & Mumford, Kevin J. & Tobias, Justin L., 2012. "A Bayesian analysis of payday loans and their regulation," Journal of Econometrics, Elsevier, vol. 171(2), pages 205-216.
    31. Peter C. Austin, 2002. "Bayesian Extensions of the Tobit Model for Analyzing Measures of Health Status," Medical Decision Making, , vol. 22(2), pages 152-162, April.
    32. Araña, Jorge E. & León, Carmelo J., 2008. "Do emotions matter? Coherent preferences under anchoring and emotional effects," Ecological Economics, Elsevier, vol. 66(4), pages 700-711, July.
    33. Nina Zhu & Gang Zeng & Xue Li & Zhangqi Zhong, 2023. "Optimum spatial scale of regional tourism cooperation based on spillover effects in tourism flows," Tourism Economics, , vol. 29(2), pages 409-436, March.
    34. Subramanian Balachander & Bikram Ghosh, 2013. "Bayesian estimation of a simultaneous probit model using error augmentation: An application to multi-buying and churning behavior," Quantitative Marketing and Economics (QME), Springer, vol. 11(4), pages 437-458, December.

Chapters

  1. Kai Li & Feng Mai & Rui Shen & Xinyan Yan, 2021. "Measuring Corporate Culture Using Machine Learning," NBER Chapters, in: Big Data: Long-Term Implications for Financial Markets and Firms, pages 3265-3315, National Bureau of Economic Research, Inc.

    Cited by:

    1. Phanish Puranam, 2025. "Seeking self-organization in self-governing systems: are we looking in the wrong place?," Journal of Organization Design, Springer;Organizational Design Community, vol. 14(2), pages 145-154, June.
    2. Liu, Zack & Winegar, Adam, 2025. "Economic magnitudes within reason," Journal of Corporate Finance, Elsevier, vol. 91(C).
    3. Costa, Mabel D. & Habib, Ahsan, 2023. "Local creative culture and audit fees," The British Accounting Review, Elsevier, vol. 55(2).
    4. Likitapiwat, Tanakorn & Starita, Stefano & Treepongkaruna, Sirimon & Chan, Kam Fong, 2024. "Corporate innovation culture and ESG: Evidence from textual analysis in emerging market," Economics Letters, Elsevier, vol. 244(C).
    5. Song, Yang & Zhang, Yue & Zhang, Zhipeng & Sahut, Jean-Michel, 2025. "Artificial intelligence, digital finance, and green innovation," Global Finance Journal, Elsevier, vol. 64(C).
    6. Fang, Xubing & Liu, Maotao, 2024. "How does the digital transformation drive digital technology innovation of enterprises? Evidence from enterprise's digital patents," Technological Forecasting and Social Change, Elsevier, vol. 204(C).
    7. Wang, Qun & Zhou, Yan & Zhao, Xiangfang & Zeng, Yongliang, 2025. "Collaborative culture, product quality, and firm performance," Economics Letters, Elsevier, vol. 246(C).
    8. Thi Nguyen, Loan Quynh & Matousek, Roman & Muradoglu, Gulnur, 2024. "Bank capital, liquidity creation and the moderating role of bank culture: An investigation using a machine learning approach," Journal of Financial Stability, Elsevier, vol. 72(C).
    9. Coraggio, Luca & Pagano, Marco & Scognamiglio, Annalisa & TÃ¥g, Joacim, 2022. "JAQ of All Trades: Job Mismatch, Firm Productivity and Managerial Quality," CEPR Discussion Papers 17167, C.E.P.R. Discussion Papers.
    10. Li, Ye & Lu, Honghong & Sun, Minxian, 2025. "Fulfillment of environmental responsibility, targeted reduction of inclusive finance and corporate NPD innovation," International Review of Financial Analysis, Elsevier, vol. 99(C).
    11. Hasan, Tahseen & John, Kose & Teng, Haimeng & Wu, Qiang, 2024. "Creative corporate culture and corporate tax avoidance," The British Accounting Review, Elsevier, vol. 56(3).
    12. Xiong, Jiwei & Wang, Tao & Yang, Haibin, 2024. "Innovation search after failure: The role of peers," Journal of Business Research, Elsevier, vol. 183(C).
    13. Mammadov, Babak & Vakilzadeh, Hamid & Golden, Joanna, 2024. "Does corporate culture impact tax shelter? A machine learning approach," International Review of Financial Analysis, Elsevier, vol. 96(PB).
    14. Luo, Le & Zhang, Junru & Zheng, Chen, 2025. "Carbon management ability and climate risk exposure: An international investigation," Journal of Banking & Finance, Elsevier, vol. 173(C).
    15. Fay, Scott & Feng, Cong & Patel, Pankaj C., 2022. "Staying small, staying strong? Retail store underexpansion and retailer profitability," Journal of Business Research, Elsevier, vol. 144(C), pages 663-678.
    16. Douglas Cumming & Fanyu Lu & Limin Xu & Chia-Feng (Jeffrey) Yu, 2024. "Are Companies Offloading Risk onto Employees in Times of Uncertainty? Insights from Corporate Pension Plans," Journal of Business Ethics, Springer, vol. 195(3), pages 579-598, December.
    17. Cai Li & Luyu Li & Jiaqi Zheng & Jizhi Wang & Yi Yuan & Zezhong Lv & Yinghao Wei & Qihang Han & Jiatong Gao & Wenhao Liu, 2022. "China’s Public Firms’ Attitudes towards Environmental Protection Based on Sentiment Analysis and Random Forest Models," Sustainability, MDPI, vol. 14(9), pages 1-27, April.
    18. Bei Yan & Feng Mai & Chaojiang Wu & Rui Chen & Xiaolin Li, 2024. "A Computational Framework for Understanding Firm Communication During Disasters," Information Systems Research, INFORMS, vol. 35(2), pages 590-608, June.
    19. Amini, Shahram & Elmore, Ryan & Öztekin, Özde & Strauss, Jack, 2021. "Can machines learn capital structure dynamics?," Journal of Corporate Finance, Elsevier, vol. 70(C).
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