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Xintong Zhan

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.

Working papers

  1. Jie Cao & Amit Goyal & Yajing (Stella) Wang & Xintong Zhan & Weiming Elaine Zhang, 2024. "Opioid Crisis and Firm Downside Tail Risks: Evidence from the Option Market," Swiss Finance Institute Research Paper Series 24-74, Swiss Finance Institute.

    Cited by:

    1. Quan, Siying & Cheng, Peng & Zhai, Jia, 2025. "Diabetes burden and firm value: The role of labor," International Review of Financial Analysis, Elsevier, vol. 103(C).

  2. Jie Cao & Amit Goyal & Xintong Zhan & Weiming Elaine Zhang, 2021. "Unlocking ESG Premium from Options," Swiss Finance Institute Research Paper Series 21-39, Swiss Finance Institute.

    Cited by:

    1. Gao, Yumeng & Hoepner, Andreas G.F. & Prokopczuk, Marcel & Rouxelin, Florent & Wuersig, Christoph, 2025. "Responsible investing: Upside potential and downside protection?," International Review of Financial Analysis, Elsevier, vol. 97(C).
    2. Faccini, Renato & Matin, Rastin & Skiadopoulos, George, 2023. "Dissecting climate risks: Are they reflected in stock prices?," Journal of Banking & Finance, Elsevier, vol. 155(C).

  3. Jie Cao & Sheridan Titman & Xintong Zhan & Weiming Zhang, 2020. "ESG Preference, Institutional Trading, and Stock Return Patterns," NBER Working Papers 28156, National Bureau of Economic Research, Inc.

    Cited by:

    1. Balazs J. Csillag & Marcell P. Granat & Gabor Neszveda, 2022. "Media Attention to Environmental Issues and ESG Investing," Financial and Economic Review, Magyar Nemzeti Bank (Central Bank of Hungary), vol. 21(4), pages 129-149.
    2. Huang, Qiping & Lin, Meimei, 2022. "Do climate risk beliefs shape corporate social responsibility?," Global Finance Journal, Elsevier, vol. 53(C).
    3. Guochao Wan & Ahmad Yahya Dawod, 2022. "ESG Rating and Northbound Capital Shareholding Preferences: Evidence from China," Sustainability, MDPI, vol. 14(15), pages 1-19, July.
    4. Thanh D. Huynh & Ying Xia, 2023. "Panic Selling When Disaster Strikes: Evidence in the Bond and Stock Markets," Management Science, INFORMS, vol. 69(12), pages 7448-7467, December.
    5. David Gilchrist & Jing Yu & Rui Zhong, 2021. "The Limits of Green Finance: A Survey of Literature in the Context of Green Bonds and Green Loans," Sustainability, MDPI, vol. 13(2), pages 1-12, January.
    6. Chen, Zhongfei & Xie, Guanxia, 2022. "ESG disclosure and financial performance: Moderating role of ESG investors," International Review of Financial Analysis, Elsevier, vol. 83(C).
    7. Vitor Azevedo & Christoph Kaserer & Lucila M. S. Campos, 2021. "Investor sentiment and the time-varying sustainability premium," Journal of Asset Management, Palgrave Macmillan, vol. 22(7), pages 600-621, December.
    8. Jun Duanmu & Qiping Huang & Yongjia Li & Garrett A. McBrayer, 2021. "Can hedge funds benefit from corporate social responsibility investment?," The Financial Review, Eastern Finance Association, vol. 56(2), pages 251-278, May.
    9. Ho, Ly & Bai, Min & Lu, Yue & Qin, Yafeng, 2021. "The effect of corporate sustainability performance on leverage adjustments," The British Accounting Review, Elsevier, vol. 53(5).

  4. Jie Cao & Amit Goyal & Sai Ke & Xintong Zhan, 2019. "Option Trading and Stock Price Informativeness," Swiss Finance Institute Research Paper Series 19-74, Swiss Finance Institute.

    Cited by:

    1. Chen, Xiaoyan & Ling, Xin & Linnenluecke, Martina & Rajabi, Mona Mashhadi & Smith, Tom, 2026. "Informed trading and the fossil fuel industry's influence over UN climate meetings," Energy Economics, Elsevier, vol. 153(C).
    2. Haoyi Yang & Shikong Luo, 2023. "A dark side to options trading? Evidence from corporate default risk," Review of Quantitative Finance and Accounting, Springer, vol. 60(2), pages 531-564, February.
    3. Kim, Da-Hea, 2026. "Does options trading stabilize stock prices? : Evidence from a natural experiment," Journal of Banking & Finance, Elsevier, vol. 185(C).
    4. Da‐Hea Kim, 2025. "Effects of Social Media‐Based Peer Opinions on the Prices of Cryptocurrency Options," Journal of Futures Markets, John Wiley & Sons, Ltd., vol. 45(10), pages 1512-1543, October.
    5. Wang, Jian & Wu, Lin & Wu, Xinpei & Hwang, Youngjin & Nam, Yunjae & Kwak, Soobin & Lee, Taehui & Kim, Junseok, 2025. "A second-order finite difference method for the Black–Scholes model without far-field boundary conditions," Journal of Financial Stability, Elsevier, vol. 81(C).
    6. Xin Li & Xingyuan He & Lu Zhou & Shushu Xie, 2022. "Impact of Epidemics on Enterprise Innovation: An Analysis of COVID-19 and SARS," Sustainability, MDPI, vol. 14(9), pages 1-28, April.
    7. Abinzano, Isabel & Corredor, Pilar & Mansilla-Fernández, José Manuel, 2026. "Physical climate risk and banks’ credit risk: Worldwide evidence," The North American Journal of Economics and Finance, Elsevier, vol. 81(C).
    8. Wang, Li, 2026. "Option introduction, short-sale constraints, and stock price efficiency: New evidence from IPO lockup periods," Journal of Banking & Finance, Elsevier, vol. 184(C).
    9. Inmoo Lee & Rex Wang Renjie & Patrick Verwijmeren, 2023. "How Do Options Add Value? Evidence from the Convertible Bond Market," Review of Finance, European Finance Association, vol. 27(1), pages 189-222.
    10. Jimmy E. Hilliard & Jitka Hilliard & Yufei Wu, 2026. "Do short-lived options reveal information asymmetry? Evidence from open interest and volume signals," Review of Quantitative Finance and Accounting, Springer, vol. 66(3), pages 965-992, April.

Articles

  1. Xintong Zhan & Junting Liu & Jie Cao & Ruijing Yang & Linyu Zhou, 2026. "Beyond Green: Impacts of Green Bond Issuance on Conventional Bonds in China," Asian Economic Policy Review, Japan Center for Economic Research, vol. 21(1), pages 72-82, January.

    Cited by:

    1. Caroline Flammer, 2026. "Sustainable Finance: Tools, Effectiveness, and Challenges," Asian Economic Policy Review, Japan Center for Economic Research, vol. 21(1), pages 14-19, January.

  2. Cao, Jie & Goyal, Amit & Ke, Sai & Zhan, Xintong, 2024. "Options Trading and Stock Price Informativeness," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 59(4), pages 1516-1540, June.
    See citations under working paper version above.
  3. Cao, Jie & Han, Bing & Song, Linjia & Zhan, Xintong, 2023. "Option price implied information and REIT returns," Journal of Empirical Finance, Elsevier, vol. 71(C), pages 13-28.

    Cited by:

    1. George D. Cashman & David M. Harrison & Hainan Sheng, 2026. "Dynamic Incentives in REIT Option Markets," The Journal of Real Estate Finance and Economics, Springer, vol. 72(1), pages 191-234, January.
    2. Tosin B. Fateye & Oluwaseun D. Ajayi & Cyril A. Ajayi & Abel Olaleye & Richard B. Peiser, 2024. "Causal Behavior of Dynamic Dividend Yield of Property Stock in Information Asymmetric Market: Evidence from South African Listed Property Stock Market," International Real Estate Review, Global Social Science Institute, vol. 27(4), pages 501-520.
    3. Li, Zhe & Shen, Jiashuang & Xiao, Weilin, 2024. "Volatility risk premium, good volatility and bad volatility: Evidence from SSE 50 ETF options," The North American Journal of Economics and Finance, Elsevier, vol. 74(C).
    4. Ozcelebi, Oguzhan & Yoon, Seong-Min, 2025. "Impact of financial stress on the REIT market stability," International Review of Economics & Finance, Elsevier, vol. 100(C).

  4. Jie Cao & Amit Goyal & Xiao Xiao & Xintong Zhan, 2023. "Implied Volatility Changes and Corporate Bond Returns," Management Science, INFORMS, vol. 69(3), pages 1375-1397, March.

    Cited by:

    1. DICKERSON, Alexander & NOZAWA, Yoshio & ROBOTTI, Cesare, 2025. "Factor Investing with Delays," Discussion Paper Series 771, Institute of Economic Research, Hitotsubashi University.
    2. Qianwen Chen & Jaewon Choi, 2024. "Reaching for Yield and the Cross Section of Bond Returns," Management Science, INFORMS, vol. 70(8), pages 5226-5245, August.
    3. Bouri, Elie & Alsagr, Naif, 2024. "Hedging investment-grade and high-yield bonds with credit VIX," Economics Letters, Elsevier, vol. 237(C).
    4. Amin, Md Ruhul & Ben-Nasr, Hamdi & Masum, Abdullah-Al, 2026. "Oil price uncertainty and corporate debt choice: International evidence," International Review of Economics & Finance, Elsevier, vol. 105(C).
    5. Doshi, Hitesh & Ericsson, Jan & Fournier, Mathieu & Seo, Sang Byung, 2024. "The risk and return of equity and credit index options," Journal of Financial Economics, Elsevier, vol. 161(C).
    6. Feng, Guanhao & He, Xin & Wang, Yanchu & Wu, Chunchi, 2025. "Predicting individual corporate bond returns," Journal of Banking & Finance, Elsevier, vol. 171(C).
    7. Chen, Xi & Wang, Junbo & Wu, Chunchi & Wu, Di, 2024. "Extreme illiquidity and cross-sectional corporate bond returns," Journal of Financial Markets, Elsevier, vol. 68(C).
    8. Ojha, Divesh & Patel, Pankaj C. & Chirico, Francesco & Dhir, Amandeep, 2025. "Managing uncertainty under sudden operational closures: The role of implied volatility, positive sentiment, and productivity," Technological Forecasting and Social Change, Elsevier, vol. 219(C).

  5. Cao, Jie & Titman, Sheridan & Zhan, Xintong & Zhang, Weiming, 2023. "ESG Preference, Institutional Trading, and Stock Return Patterns," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 58(5), pages 1843-1877, August.

    Cited by:

    1. Li, Suyang & Qiao, Lu & Ren, Boru & Wang, Zilong, 2025. "Financing sustainability: Sustainable institutional investors and bank loan access," Journal of International Money and Finance, Elsevier, vol. 157(C).
    2. Meng, Qingbin & Wang, Yujia & Wang, Solomon, 2025. "ESG performance and seasoned equity offering discount – Evidence from investor share subscriptions in China," International Review of Financial Analysis, Elsevier, vol. 103(C).
    3. Azzone, Michele & Barucci, Emilio & Stocco, Davide, 2026. "Asset management with an ESG mandate," Journal of Banking & Finance, Elsevier, vol. 184(C).
    4. Zeyuan Huang & Yi Si & Gaoliang Tian & Chongwu Xia & Lei Zhang, 2024. "Learning ESG from stock prices: Evidence from a quasi‐natural experiment in China," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 64(5), pages 4619-4646, December.
    5. Qingyu Hu & Qi Wang, 2025. "Does investor sentiment enhance the impact of ESG ratings on firms' financial performance? Evidence from China," Asian-Pacific Economic Literature, The Crawford School, The Australian National University, vol. 39(1), pages 188-215, May.
    6. Li, Yuanshun & Liu, Liang & Li, Xinyuan & Zhang, Aoran, 2025. "From social networks to sustainable solutions: Unpacking the influence of social capital on green innovation," China Economic Review, Elsevier, vol. 93(C).
    7. Chen, Jianqiang & Hsieh, Pei-Fang & Hsu, Po-Hsuan & Levine, Ross, 2025. "Environmental liabilities, borrowing costs, and pollution prevention activities: The nationwide impact of the Apex Oil ruling," Journal of Corporate Finance, Elsevier, vol. 91(C).
    8. Sirin, Selahattin Murat & Yilmaz, Berna N., 2025. "Tech firms and the renewable energy sector: Exploring the moderating effects of institutional ownership on financial connectedness," Research in International Business and Finance, Elsevier, vol. 80(C).
    9. Lin, Jiayu & Pan, Dongliang & Sha, Yezhou, 2025. "The impact of ESG investment on fund performance: Evidence from mutual fund style drift," Pacific-Basin Finance Journal, Elsevier, vol. 91(C).
    10. Wang, Jianli & Xiao, Xiao & Dong, Minghua & Li, Jingyuan, 2025. "Does ESG rating disagreement discourage corporate green innovation? Evidence from China," Research in International Business and Finance, Elsevier, vol. 80(C).
    11. Ali, Shoaib & Al-Nassar, Nassar S. & Sindhu, Muzammal Ilyas & Naveed, Muhammad, 2025. "Sustainable synergy: Static and dynamic nexus between ESG and BRICS equity markets," Research in International Business and Finance, Elsevier, vol. 74(C).
    12. Kim, Sehoon & Kumar, Nitish & Lee, Jongsub & Oh, Junho, 2025. "ESG lending," Journal of Financial Economics, Elsevier, vol. 173(C).
    13. Agoraki, Maria-Eleni K. & Kouretas, Georgios P. & Wu, Haoran & Zhao, Binru, 2025. "Imbalanced ESG investing?," Journal of Corporate Finance, Elsevier, vol. 93(C).
    14. Yang, Xin & Zhang, Jiatong & Lin, Xian & Zhang, Yun, 2025. "Escaping the gavel: How environmental courts drive firms' cross-regional investment," International Review of Financial Analysis, Elsevier, vol. 108(PB).
    15. Xueqin Hu & Hua Song & Yuan Mi & Xiaoye Yang, 2025. "Unveiling the path to sustainable carbon reduction: a comparative analysis of bank-led vs. firm-led carbon finance strategies," Humanities and Social Sciences Communications, Palgrave Macmillan, vol. 12(1), pages 1-18, December.
    16. Chiah, Mardy & Tian, Xiao & Zhong, Angel, 2025. "Nature's impact: Do extreme natural disasters influence retail investors?," Journal of Economic Behavior & Organization, Elsevier, vol. 232(C).
    17. Qian, Binsheng & Poshakwale, Sunil & Tan, Yusen, 2024. "‘E’ of ESG and firm performance: Evidence from China," International Review of Financial Analysis, Elsevier, vol. 96(PB).
    18. Dallocchio, Maurizio & D’Ercole, Francesco & Frascati, Domenico & Mariani, Massimo, 2025. "Climate transition and the speed of leverage adjustment," International Review of Financial Analysis, Elsevier, vol. 102(C).
    19. Bachner, Felix, 2025. "Decoding market reactions: Analysis of divergent signals of ESG ratings," International Review of Financial Analysis, Elsevier, vol. 103(C).
    20. Chang, Hao-Wen & Chi, Pei-Yu & Lin, Chin-Ho, 2025. "Superiority of ESG-oriented portfolios in Taiwan stock market: Quantile-on-quantile with GARCH approach," The North American Journal of Economics and Finance, Elsevier, vol. 80(C).
    21. Liu, Dianhao & Zhou, Jun, 2025. "Do ESG rating changes matter? Evidence from Chinese stock market," Global Finance Journal, Elsevier, vol. 67(C).
    22. Alharbi, Samar S. & Naveed, Muhammad & Ali, Shoaib & Moussa, Faten, 2025. "Sailing towards sustainability: Connectedness between ESG stocks and green cryptocurrencies," International Review of Economics & Finance, Elsevier, vol. 98(C).
    23. Chen, Linquan & Chen, Yao & Kumar, Alok & Leung, Woon Sau, 2024. "Firm-level ESG information and active fund management," Journal of Financial Intermediation, Elsevier, vol. 60(C).
    24. Jie Cao & Yi Li & Xintong Zhan & Weiming Zhang & Linyu Zhou, 2026. "Carbon Emissions, Mutual Fund Trading, and the Liquidity of Corporate Bonds," Management Science, INFORMS, vol. 72(3), pages 1959-1986, March.

  6. Cao, Jie & Zhan, Xintong & Zhang, Weiming & Zhang, Yaojia, 2023. "The return predictability of carbon emissions: Evidence from Hong Kong and Singapore," Pacific-Basin Finance Journal, Elsevier, vol. 82(C).

    Cited by:

    1. Fei Wang & Changlong Sun & Si Chen & Qiang Zhou & Changjian Wang, 2025. "Energy-Related Carbon Emissions in Mega City in Developing Country: Patterns and Determinants Revealed by Hong Kong," Sustainability, MDPI, vol. 17(15), pages 1-25, July.
    2. Zhou, Qi & Ni, Jiajun & Yang, Cunyi, 2025. "Climate transition risk and industry returns: The impact of green innovation and carbon market uncertainty," Technological Forecasting and Social Change, Elsevier, vol. 214(C).
    3. Zhao, Mingyu & Zhang, Yatao & Thompson, Aaron & Tan, Chun Liang & Chen, Yang & Qiu, Waishan & Li, Wenjing, 2026. "Is Net Carbon Goal an accounting game? Insights from supply-demand interactions in carbon sequestration service," Land Use Policy, Elsevier, vol. 161(C).

  7. Jie Jay Cao & Aurelio Vasquez & Xiao Xiao & Xintong Eunice Zhan, 2023. "Why Does Volatility Uncertainty Predict Equity Option Returns?," Quarterly Journal of Finance (QJF), World Scientific Publishing Co. Pte. Ltd., vol. 13(01), pages 1-35, March.

    Cited by:

    1. Kevin Aretz & Adnan Gazi, 2025. "The Early Exercise Risk Premium," Management Science, INFORMS, vol. 71(2), pages 1824-1845, February.
    2. Yuxiang Huang & Zhuo Wang & Zhengyan Xiao, 2025. "Option Return Predictability via Machine Learning: New Evidence From China," Journal of Futures Markets, John Wiley & Sons, Ltd., vol. 45(9), pages 1232-1252, September.
    3. Yoontae Jeon & Raymond Kan & Gang Li, 2025. "Stock Return Autocorrelations and Expected Option Returns," Management Science, INFORMS, vol. 71(6), pages 4895-4914, June.
    4. Hyung Joo Kim & Dong Hwan Oh, 2025. "Local Estimation for Option Pricing: Improving Forecasts with Market State Information," Finance and Economics Discussion Series 2025-076, Board of Governors of the Federal Reserve System (U.S.).

  8. Shu, Tao & Tian, Xuan & Zhan, Xintong, 2022. "Patent quality, firm value, and investor underreaction: Evidence from patent examiner busyness," Journal of Financial Economics, Elsevier, vol. 143(3), pages 1043-1069.

    Cited by:

    1. Yin, Libo & Xin, Yu, 2024. "China's cognitive bias premium: An exploration of innovation information," International Review of Economics & Finance, Elsevier, vol. 96(PA).
    2. Li Yuan & Jing Tao & Jun Sun & Jiachao Peng, 2025. "Does the green patent pre-examination program reduce environmental pollution?," Humanities and Social Sciences Communications, Palgrave Macmillan, vol. 12(1), pages 1-19, December.
    3. Long, Xianling & Wang, Zhiqiang, 2025. "From heat to high-tech: How innovation responds to climate change," Journal of Development Economics, Elsevier, vol. 176(C).
    4. Wang, Liangcheng & Chen, Yizheng & Li, Wendi, 2025. "Facilitator or figurehead? The impact of academician shareholder on corporate innovation: Evidence from China," Technovation, Elsevier, vol. 139(C).
    5. Jian Zhou & Xiaodong Lei & Jianglong Yu, 2024. "ESG rating divergence and corporate green innovation," Business Strategy and the Environment, Wiley Blackwell, vol. 33(4), pages 2911-2930, May.
    6. Chen, He & Zhu, Shujin & Tang, Yiding, 2024. "Bluer skies and clearer rivers? Returnees as silver bullets for pollution abatement in an emerging economy," Energy Economics, Elsevier, vol. 139(C).
    7. Yang, Siqi & Lin, Yan & lv, Shiwen & Wang, Shutian, 2026. "Impact of partners' geographic distance and technological similarity on firms' digital innovation performance: Evidence from the Chinese automobile industry," Technology in Society, Elsevier, vol. 84(C).
    8. Thu Ha Nguyen & Truong Giang Nguyen & Cao Chuong Nguyen, 2025. "Relationship Between the Provincial Competitiveness Index and Corporate R&D Investment in Vietnam," Global Journal of Emerging Market Economies, Emerging Markets Forum, vol. 17(2), pages 286-301, May.
    9. Li, Chunxiao & Yang, Yufan & Zhang, Hao & Zhang, Zhihui, 2025. "Fast or slow? Exploring tourists' engagement inclination toward the pace of travel," Annals of Tourism Research, Elsevier, vol. 111(C).
    10. de Grazia, Charles A.W. & Giczy, Alexander V. & Pairolero, Nicholas A., 2024. "Procrastination or incomplete data? An analysis of USPTO examiner search activity," Research Policy, Elsevier, vol. 53(7).
    11. Jingjing Yang & Di Fan & Caifu Li, 2025. "Employee Overtime and Innovation Dilemma," Journal of Business Ethics, Springer, vol. 200(3), pages 689-713, September.
    12. Billington, Stephen D. & Colvin, Christopher L. & Coyle, Christopher, 2025. "Financing innovation: The role of patent examination," QUCEH Working Paper Series 25-01, Queen's University Belfast, Queen's University Centre for Economic History.
    13. Quan, Siying & Cheng, Peng & Zhai, Jia, 2025. "Do climate risks impede green innovation?," International Review of Financial Analysis, Elsevier, vol. 104(PA).
    14. Kang, Yankun & Ma, Xin & Xie, Mi & Zhong, Ninghua, 2025. "Innovation’s false spring: U.S. export controls and Chinese patent quality," Journal of International Money and Finance, Elsevier, vol. 150(C).

  9. Jie Cao & Tarun Chordia & Xintong Zhan, 2021. "The Calendar Effects of the Idiosyncratic Volatility Puzzle: A Tale of Two Days?," Management Science, INFORMS, vol. 67(12), pages 7866-7887, December.

    Cited by:

    1. Alexander Barinov, 2025. "On the Robustness of Idiosyncratic Volatility Effect," Management Science, INFORMS, vol. 71(3), pages 2565-2582, March.
    2. Xuejun Jin & Hongze Li & Bin Yu, 2023. "The day‐of‐the‐month effect and the performance of the dollar cost averaging strategy: Evidence from China," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 63(S1), pages 797-815, April.
    3. Duanmu, Jun & Hur, Jungshik & Li, Yongjia, 2024. "Diversification and idiosyncratic volatility puzzle: Evidence from ETFs," Research in International Business and Finance, Elsevier, vol. 71(C).
    4. Cheng, Zhuo (June) & Fang, Jing & Zhang, Yinglei, 2026. "Idiosyncratic volatility and return: A finite mixture approach," The British Accounting Review, Elsevier, vol. 58(2).
    5. Ingomar Krohn & Philippe Mueller & Paul Whelan, 2021. "Foreign Exchange Fixings and Returns Around the Clock," Staff Working Papers 21-48, Bank of Canada.

  10. Jie Cao & Hao Liang & Xintong Zhan, 2019. "Peer Effects of Corporate Social Responsibility," Management Science, INFORMS, vol. 65(12), pages 5487-5503, December.

    Cited by:

    1. Martins, Henrique Castro, 2022. "Competition and ESG practices in emerging markets: Evidence from a difference-in-differences model," Finance Research Letters, Elsevier, vol. 46(PA).
    2. Xu, Shen & Yin, Bichao & Lou, Chunjie, 2022. "Minority shareholder activism and corporate social responsibility," Economic Modelling, Elsevier, vol. 116(C).
    3. Cohen, Shira & Kadach, Igor & Ormazabal, Gaizka & Reichelstein, Stefan, 2022. "Executive compensation tied to ESG performance: International evidence," ZEW Discussion Papers 22-051, ZEW - Leibniz Centre for European Economic Research.
    4. Ana Paula Pereira dos Passos & Jeferson Lana & Rosilene Marcon, 2023. "Social and political capabilities as nonmarket activities: What are they and how do firms develop them?," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 30(6), pages 2718-2730, November.
    5. Xinyue Fan & Zishen Tang & Yelin Fu & Jiayi Yan, 2024. "Environmental information disclosure and corporate financial performance: Evidence from China," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 64(S1), pages 5039-5068, December.
    6. Chien Chi Chu & Xiu‐Fen Su & Yu‐En Lin & Akihiro Omura & Bin Li & Adrian Wai‐Kong Cheung, 2023. "Love thy neighbour: Evidence from capital structure decisions," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 63(3), pages 2907-2933, September.
    7. Yu, Qing & Hui, Eddie Chi-Man & Shen, Jianfu, 2024. "The real impacts of third-party certification on green bond issuances: Evidence from the Chinese green bond market," Journal of Corporate Finance, Elsevier, vol. 89(C).
    8. Alona Bilokha & Mingying Cheng & Mengchuan Fu & Iftekhar Hasan, 2025. "Understanding CSR champions: a machine learning approach," Annals of Operations Research, Springer, vol. 347(1), pages 761-774, April.
    9. C. S. Agnes Cheng & Xiaohui (Fiona) Li & Jing Xie & Yuxiang Zhong, 2023. "Accounting conservatism and common ownership by dedicated institutional blockholders," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 50(9-10), pages 1943-1983, October.
    10. Karavitis, Panagiotis & Kazakis, Pantelis & Xu, Tianyue, 2025. "Overconfident CEOs, corporate social responsibility, and tax avoidance: Evidence from China," Journal of International Accounting, Auditing and Taxation, Elsevier, vol. 59(C).
    11. Jiang, Zhiqian & Xu, Yue & Fang, Mei & Tang, Ziling & Tao, Chunhua, 2023. "How does the bond market price corporate ESG engagement? Evidence from China," Economic Analysis and Policy, Elsevier, vol. 78(C), pages 1406-1423.
    12. Grieser, William & Hadlock, Charles & LeSage, James & Zekhnini, Morad, 2022. "Network effects in corporate financial policies," Journal of Financial Economics, Elsevier, vol. 144(1), pages 247-272.
    13. Li, Junbao & Shi, Zhanzhong & He, Chengying & Lv, Chengshuang, 2023. "Peer effects on corporate R&D investment policies: A spatial panel model approach," Journal of Business Research, Elsevier, vol. 158(C).
    14. Feng, Yiqiang & Jin, Xingye & Liu, Zhe & Zhang, Zhanyu, 2025. "Technological links among firms and the peer effect of ESG responsibility performance," Finance Research Letters, Elsevier, vol. 72(C).
    15. Xu Chen & Xuyang Dong & Chao Ma, 2024. "RETRACTED ARTICLE: Investing with Purpose: The Role of CSR in Enhancing Chinese Firms’ Performance in Japan," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(4), pages 20135-20171, December.
    16. Jianjun Zhang & Li Tong & Kunyuan Qiao, 2024. "Mimicry Dynamics: A Study of Multinational Enterprises’ Philanthropy in China," Journal of Business Ethics, Springer, vol. 194(3), pages 501-521, October.
    17. Wang, Zi & Zheng, Dechang, 2025. "Media heterogeneity and corporate ESG performance: evidence from China," International Review of Economics & Finance, Elsevier, vol. 101(C).
    18. Wang, Xiaoqiong & Zhen, Hongxian & Zhu, Feifei, 2023. "Voting with their feet: Controlling shareholders' share pledging and other major shareholders' strategic response," Pacific-Basin Finance Journal, Elsevier, vol. 79(C).
    19. Canil, Jean & Karpavičius, Sigitas, 2020. "Compensation consultants: Does reputation matter?," Journal of Corporate Finance, Elsevier, vol. 64(C).
    20. Wang, Shaolin & Cheng, Ho Cheung & Wang, Jianli & Yick, Ho Yin, 2025. "The performance of ESG portfolios: Evidence from the Chinese market under COVID-19," Economic Modelling, Elsevier, vol. 143(C).
    21. Li, Chengming & Guo, Guanyu & Gu, Huangying & Dong, Xiaoqi, 2025. "How green bonds exert a demonstration effect on firms within the same region," Economic Analysis and Policy, Elsevier, vol. 86(C), pages 117-136.
    22. Hui Zhao & Ao Lei & Yuhui Li & Dingjun Hong, 2023. "The Sectoral and Regional Peer Influences on Heavy-Pollution Corporate Environmental, Social, and Governance Performance," Sustainability, MDPI, vol. 15(17), pages 1-42, August.
    23. Qiu, Wenkang & Xiang, Cheng & Li, Chunhong & Chen, Yinong, 2025. "Institutional investor cliques and ESG performance: Evidence from Chinese firms," International Review of Economics & Finance, Elsevier, vol. 100(C).
    24. Hasan, Mostafa Monzur & Chen, Xiaomeng Charlene, 2023. "Strategic deviation and idiosyncratic return volatility," Finance Research Letters, Elsevier, vol. 54(C).
    25. Wang, Jiaxin & Wu, Guilin & Huang, Xiang & Sun, Di & Song, Zilong, 2023. "Peer effects of corporate product quality information disclosure: Learning and competition," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 88(C).
    26. Dai, Rui & Liang, Hao & Ng, Lilian, 2021. "Socially responsible corporate customers," Journal of Financial Economics, Elsevier, vol. 142(2), pages 598-626.
    27. Fan, Zhangmei & Chen, Ying & Mo, Yifan, 2024. "Management myopia and corporate ESG performance," International Review of Financial Analysis, Elsevier, vol. 92(C).
    28. Wu, Zhenshu & Pownall, Rachel & Shih, Yi-Cheng & Wang, Yao, 2024. "Industry effects of corporate environmental and social scandals: Evidence from China," International Review of Financial Analysis, Elsevier, vol. 95(PC).
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    159. Zhao, Tianjiao & Wang, Hanyu, 2024. "The industry peer effect of enterprise ESG performance: the moderating effect of customer concentration," International Review of Economics & Finance, Elsevier, vol. 92(C), pages 1499-1525.
    160. Ma, Wenchao & Pan, Yongkai & Min, Haolun, 2025. "Corporate R&D intensity, fund network connectivity, and green fund concern: analysis and test of R&D from listed corporates in China," Energy Policy, Elsevier, vol. 206(C).
    161. Xinhao Qiao & Jinyu He & Xueying Bian & Yan Ling, 2026. "Investee Peers and Corporate Social Responsibility: Evidence from U.S. Listed Firms," Journal of Business Ethics, Springer, vol. 203(1), pages 141-163, January.
    162. Ginglinger, Edith & Raskopf, Caroline, 2023. "Women directors and E&S performance: Evidence from board gender quotas," Journal of Corporate Finance, Elsevier, vol. 83(C).
    163. Yoshida, Kenichi & Iino, Yoshiaki & Managi, Shunsuke, 2022. "Do Japanese keiretsu promote better CSR activities?," Economic Analysis and Policy, Elsevier, vol. 76(C), pages 452-475.
    164. Shen, Xieyang & Yang, Sijie & Chen, Yulin & Zeng, Jianyu, 2022. "How does economic policy uncertainty influence managers' learning from peers' stock prices? Evidence from China," Pacific-Basin Finance Journal, Elsevier, vol. 74(C).
    165. Shu, Ying & Zhuang, Xiaobin & Xu, Guanghua & Zhang, Shanfei & Ying, Rui, 2024. "Peer effects, environmental regulation and environmental financial integration—Empirical evidence from listed companies in heavily polluting industries," Economic Analysis and Policy, Elsevier, vol. 82(C), pages 1446-1458.
    166. Ying Li & Tianyu Zhang & Yu-En Lin, 2025. "Managerial Catering and Peer Influence on Dividend Payments," SAGE Open, , vol. 15(4), pages 21582440251, October.
    167. Sakkakom Maneenop & Chaiyuth Padungsaksawasdi & Sirimon Treepongkaruna, 2024. "Co‐opted board, environment, social and governance," Business Strategy and the Environment, Wiley Blackwell, vol. 33(2), pages 1161-1172, February.
    168. Mallory Elise Flowers & Daniel C. Matisoff & Douglas S. Noonan, 2020. "In the LEED: Racing to the Top in Environmental Self‐Regulation," Business Strategy and the Environment, Wiley Blackwell, vol. 29(6), pages 2842-2856, September.
    169. Andrea Pawliczek & A. Nicole Skinner & Laura A. Wellman, 2021. "A new take on voice: the influence of BlackRock’s ‘Dear CEO’ letters," Review of Accounting Studies, Springer, vol. 26(3), pages 1088-1136, September.
    170. Li, Panni & Lin, Zhongguo & Peng, Binbin & Du, Huibin, 2023. "Do CEOs’ social networks affect carbon emissions in China? The moderating role of CEO reputation," International Review of Economics & Finance, Elsevier, vol. 88(C), pages 1122-1137.
    171. Lei, Xiao & Tu, Qin, 2025. "ESG performance and innovation in listed manufacturing companies–A prospect theory perspective," Finance Research Letters, Elsevier, vol. 72(C).
    172. Li, Mangmang & Tang, Jinghua & Wu, Dingwen, 2025. "Beyond borders and industries: How cross-ownership drives ESG performance in China’ low-polluting firms after environmental regulation," Energy Economics, Elsevier, vol. 148(C).
    173. Minh, Thanh Nguyen & Ngoc, Anh Mai & Tuan, Anh Nguyen & Dao, Tung Nguyen, 2022. "Corporate social responsibility, market rivalry and firm leverage: new evidence from a fixed-effect quantile regression approach," Finance Research Letters, Elsevier, vol. 47(PB).
    174. Reyes Calderón & María Ortiz De Urbina & Luis Expósito, 2023. "Follow the genuine leader: The “green imitation”," Business Ethics, the Environment & Responsibility, John Wiley & Sons, Ltd., vol. 32(2), pages 570-581, April.
    175. Zhang, Jian & Wang, Ningzhi & Wu, Wenruo & Zhu, Xinyu, 2025. "Tax information and corporate environmental investment," International Review of Financial Analysis, Elsevier, vol. 97(C).
    176. Chang, Yuyuan & Foss, Nicolai J. & Li, Shuping & Xie, Jing, 2024. "Compensation peer effects of corporate social responsibility," Journal of Corporate Finance, Elsevier, vol. 89(C).
    177. Xingping Jia & Shudi Liao & Beatrice Van der Heijden & Wenqian Li, 2022. "Power and responsibility: How different sources of CEO power affect firms' corporate social responsibility practices," Business Ethics, the Environment & Responsibility, John Wiley & Sons, Ltd., vol. 31(3), pages 682-701, July.
    178. Xi, Zhen & Xia, Yawen & Yang, Rubi & Hu, Ran & Zhao, Jing, 2024. "Contagious corporate reputation risk: Uncovering the pandemic's impact," Finance Research Letters, Elsevier, vol. 67(PB).
    179. Liu Yi & Duan Ruikun, 2023. "It is time for optimal distinctiveness: Corporate social responsibility engagement under dynamic competitive effects during the COVID‐19 crisis," Business Ethics, the Environment & Responsibility, John Wiley & Sons, Ltd., vol. 32(1), pages 4-23, January.
    180. Jiang, Yan & Luo, Le & Tsang, Albert & Zhang, Yueheng, 2025. "Carbon emission trading scheme and carbon performance: The role of carbon management system," The British Accounting Review, Elsevier, vol. 57(3).

  11. Xu Li & Chen Lin & Xintong Zhan, 2019. "Does Change in the Information Environment Affect Financing Choices?," Management Science, INFORMS, vol. 65(12), pages 5676-5696, December.

    Cited by:

    1. Xie, Li & Su, Zhou, 2025. "Energy transition and corporate debt: Evidence from Chinese listed companies," Energy Economics, Elsevier, vol. 151(C).
    2. Kathan, Manuel C. & Utz, Sebastian & Dorfleitner, Gregor & Eckberg, Jens & Chmel, Lea, 2025. "What you see is not what you get: ESG scores and greenwashing risk," Finance Research Letters, Elsevier, vol. 74(C).
    3. Fiorillo, Paolo & Meles, Antonio & Salerno, Dario & Verdoliva, Vincenzo, 2024. "Analyst coverage and default risk," International Review of Economics & Finance, Elsevier, vol. 94(C).
    4. Liu, Shiang & Sun, Liang, 2026. "Major customers and firms' reliance on bank debt," International Review of Financial Analysis, Elsevier, vol. 109(C).
    5. Baker, H. Kent & Rjiba, Hatem & Saadi, Samir & Sassi, Syrine, 2024. "Does litigation risk matter for the choice between bank debt and public debt?," Journal of Corporate Finance, Elsevier, vol. 89(C).
    6. Chen, Yangyang & Hasan, Iftekhar & Saffar, Walid & Zolotoy, Leon, 2021. "Executive Equity Risk-Taking Incentives and Firms’ Choice of Debt Structure," Journal of Banking & Finance, Elsevier, vol. 133(C).
    7. Huang, Guan-Ying & Shen, Carl Hsin-han & Wu, Zhen-Xing, 2023. "Firm-level political risk and debt choice," Journal of Corporate Finance, Elsevier, vol. 78(C).
    8. Wong, Raymond M.K. & Dak-Adzaklo, Cephas Simon Peter & Lo, Agnes W.Y., 2024. "Debt choice in the regulated competition era," Journal of International Money and Finance, Elsevier, vol. 142(C).
    9. Wajih Abbassi & Sabri Boubaker & Wael Louhichi, 2024. "Why do corporate social responsibility‐oriented companies opt for bond debt? Evidence from crisis periods," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 29(2), pages 1534-1568, April.
    10. Ren, Xiaohang & Qin, Jianing & Jin, Chenglu & Yan, Cheng, 2022. "Global oil price uncertainty and excessive corporate debt in China," Energy Economics, Elsevier, vol. 115(C).
    11. Hasan, Mostafa Monzur & Alam, Nurul & Uddin, Mohammad Riaz & Jones, Stewart, 2024. "Real earnings management and debt choice," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 97(C).
    12. Jiang, Yan & Gan, Tian & Wei, Xiaokun & Zou, Honghui, 2025. "Oil price volatility and corporate debt choice: Evidence from China," Journal of Commodity Markets, Elsevier, vol. 40(C).
    13. Amin, Md Ruhul & Ben-Nasr, Hamdi & Masum, Abdullah-Al, 2026. "Oil price uncertainty and corporate debt choice: International evidence," International Review of Economics & Finance, Elsevier, vol. 105(C).
    14. Manuel C. Kathan, 2025. "How do leveraged buyouts affect industry peers' performance: Evidence from Europe," Review of Financial Economics, John Wiley & Sons, vol. 43(4), pages 519-547, October.
    15. Alam, Nurul & Boubaker, Sabri & Chen, Xiaomeng Charlene & Hasan, Mostafa Monzur, 2024. "Brand capital and debt choice," International Review of Financial Analysis, Elsevier, vol. 93(C).
    16. Chen, Zhongfei & Xie, Guanxia, 2022. "ESG disclosure and financial performance: Moderating role of ESG investors," International Review of Financial Analysis, Elsevier, vol. 83(C).
    17. Kee‐Hong Bae & Yunhao Dai & Weiqiang Tan & Wenming Wang, 2024. "Proprietary information and the choice between public and private debt," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 64(2), pages 1693-1721, June.
    18. Newton, David P. & Ongena, Steven & Xie, Ru & Zhao, Binru, 2022. "Banks vs. markets: Are banks more effective in facilitating sustainability?," BOFIT Discussion Papers 5/2022, Bank of Finland Institute for Emerging Economies (BOFIT).
    19. Hossain, Md Safayat & Rahman, Mahmud, 2025. "Does the presence of GC in the top management team affect debt financing choices?," Advances in accounting, Elsevier, vol. 69(C).
    20. Marshall, Ben R. & Nguyen, Justin Hung & Nguyen, Nhut H. & Visaltanachoti, Nuttawat, 2021. "Does a change in the information environment affect labor adjustment costs?," International Review of Financial Analysis, Elsevier, vol. 74(C).
    21. Hasan, Mostafa Monzur, 2022. "Corporate culture and bank debt," Finance Research Letters, Elsevier, vol. 49(C).
    22. Khoo, Joye & Cheung, Adrian (Wai Kong), 2021. "Does geopolitical uncertainty affect corporate financing? Evidence from MIDAS regression," Global Finance Journal, Elsevier, vol. 47(C).
    23. Wang, Wenjun, 2025. "Roll with the punches: Climate change regulation and short-term financing," Energy Policy, Elsevier, vol. 206(C).
    24. Lang Xu & Yuqi Luo & Jia Shi & Lin Liu, 2022. "Credit financing and channel encroachment: analysis of distribution choice in a dual-channel supply chain," Operational Research, Springer, vol. 22(4), pages 3925-3944, September.
    25. Zhang, Joshua & Chowdhury, Hasibul & Humphrey, Jacquelyn E. & Hasan, Mostafa Monzur, 2025. "Social capital and leasing," Global Finance Journal, Elsevier, vol. 67(C).
    26. Ben-Nasr, Hamdi & Boubaker, Sabri & Sassi, Syrine, 2021. "Board reforms and debt choice," Journal of Corporate Finance, Elsevier, vol. 69(C).
    27. Chui, Andy C.W. & Li, Xiao & Saffar, Walid, 2021. "National culture and the choice between bank debt and public debt," Pacific-Basin Finance Journal, Elsevier, vol. 70(C).
    28. Ben-Nasr, Hamdi & Basha, Shabeen Afsar & Shams, Syed, 2025. "The influence of carbon risk on debt structure," International Review of Financial Analysis, Elsevier, vol. 107(C).
    29. Chen, Hsuan-Chi & Chou, Robin K. & Lin, Chih-Yung & Lu, Chien-Lin, 2025. "Too big to fail? Asymmetric effects of quantitative easing," Journal of Financial Stability, Elsevier, vol. 77(C).
    30. Ferrer, Elena & Suárez, Nuria, 2025. "When opaque firms borrow: The role of investor sentiment," International Review of Financial Analysis, Elsevier, vol. 105(C).
    31. Viet Anh Dang & Ning Gao & Tiancheng Yu, 2023. "Climate Policy Risk and Corporate Financial Decisions: Evidence from the NO x Budget Trading Program," Management Science, INFORMS, vol. 69(12), pages 7517-7539, December.
    32. Petya Platikanova & Kazbi Soonawalla, 2020. "Who monitors opaque borrowers? Debt specialisation, institutional ownership, and information opacity," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 60(2), pages 1867-1904, June.
    33. Manuel C. Kathan & Tereza Tykvová, 2024. "How do leveraged buyouts affect industry peers? Analysis of the information and the competition channels," Review of Financial Economics, John Wiley & Sons, vol. 42(1), pages 55-78, January.
    34. Dak-Adzaklo, Cephas Simon Peter & Adza, Solomon Wise Dodzidenu & Asamoah, Joseph Maxwell & Tah, Pascar Tagwan, 2025. "Societal secrecy and corporate debt financing choice," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 103(C).
    35. Al-Ayyoub, Naser & Phan, Hieu V., 2026. "Riskier climate, closer ties? How climate risk drives firms towards bank debt financing," Journal of Corporate Finance, Elsevier, vol. 96(C).

  12. Si Li & Xintong Zhan, 2019. "Product Market Threats and Stock Crash Risk," Management Science, INFORMS, vol. 65(9), pages 4011-4031, September.

    Cited by:

    1. Meng, Qingxi & He, Yan & Zhang, Anting & Gong, Xiaoyun, 2023. "Does mandatory operating information disclosure affect stock price crash risk? Evidence from China," Pacific-Basin Finance Journal, Elsevier, vol. 82(C).
    2. Xiao, Jihong & Chen, Xian & Li, Yang & Wen, Fenghua, 2022. "Oil price uncertainty and stock price crash risk: Evidence from China," Energy Economics, Elsevier, vol. 112(C).
    3. Balachandran, Balasingham & Duong, Huu Nhan & Luong, Hoang & Nguyen, Lily, 2020. "Does takeover activity affect stock price crash risk? Evidence from international M&A laws," Journal of Corporate Finance, Elsevier, vol. 64(C).
    4. Hsu, Charles & Wang, Rencheng & Whipple, Benjamin C., 2022. "Non-GAAP earnings and stock price crash risk," Journal of Accounting and Economics, Elsevier, vol. 73(2).
    5. Zuo, Junqing & Zhang, Wei & Hu, Mingya & Feng, Xu & Zou, Gaofeng, 2022. "Employee relations and stock price crash risk: Evidence from employee lawsuits," International Review of Financial Analysis, Elsevier, vol. 82(C).
    6. Zaheer Anwer & Shamsher Mohamad & Wajahat Azmi & Akram Shavkatovich Hasanov, 2022. "Product market fluidity and religious constraints: evidence from the US market," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 62(S1), pages 1761-1817, April.
    7. Li Sun & JiaJia Zhong & Ahsan Habib, 2026. "Product market power and audit report lag: evidence from China," International Journal of Disclosure and Governance, Palgrave Macmillan, vol. 23(1), pages 67-91, March.
    8. Jieying Hong, 2024. "Globalization and stock price crash risk: evidence from the US granting permanent normal trade relations to China," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 55(8), pages 997-1019, October.
    9. Kim, Tae-Nyun & Lee, Pil-Seng, 2023. "Product market threats and tax avoidance," International Review of Financial Analysis, Elsevier, vol. 86(C).
    10. R. Jared DeLisle & Mengying Wang & H. Zafer Yüksel & Gulnara R. Zaynutdinova, 2024. "The effects of import competition on domestic financial markets: The role of limits-to-arbitrage," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 55(2), pages 212-234, March.
    11. Gaganis, Chrysovalantis & Leledakis, George N. & Pasiouras, Fotios & Pyrgiotakis, Emmanouil G., 2024. "Social Capital and Stock Price Crash Risk: Cross-Country Evidence," MPRA Paper 122896, University Library of Munich, Germany.
    12. Amini, Shahram & Kumar, Raman & Shome, Dilip, 2024. "Product market competition and corporate investment: An empirical analysis," International Review of Economics & Finance, Elsevier, vol. 94(C).
    13. Liao, Lin & Sharma, Divesh & Yang, Yitang (Jenny) & Zhao, Rui, 2023. "Adoption and content of key audit matters and stock price crash risk," International Review of Financial Analysis, Elsevier, vol. 88(C).
    14. Benkraiem, Ramzi & Galariotis, Emilios & Guizani, Assil & Lakhal, Faten, 2022. "Product market competition and stock price crash risk: Exploring the role of managerial ownership," Research in International Business and Finance, Elsevier, vol. 63(C).
    15. Li, Donghui & Xing, Lu & Zhao, Yang, 2022. "Does extended auditor disclosure deter managerial bad-news hoarding? Evidence from crash risk," Journal of Corporate Finance, Elsevier, vol. 76(C).
    16. Chen, Zhiwu & Cao, Yuqiang & Feng, Zhuoan & Lu, Meiting & Shan, Yaowen, 2023. "Broadband infrastructure and stock price crash risk: Evidence from a quasi-natural experiment," Finance Research Letters, Elsevier, vol. 58(PA).
    17. Huilin Zhang & Xiaoran Ni & Qi Jin, 2023. "Litigating crashes? Insights from security class actions," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 63(3), pages 2935-2963, September.
    18. Zenan Zhou & Xiang Wan, 2022. "Does the Sharing Economy Technology Disrupt Incumbents? Exploring the Influences of Mobile Digital Freight Matching Platforms on Road Freight Logistics Firms," Production and Operations Management, Production and Operations Management Society, vol. 31(1), pages 117-137, January.
    19. Zeyu Xie & Mian Yang & Fei Xu, 2023. "Carbon emission trading system and stock price crash risk of heavily polluting listed companies in China: based on analyst coverage mechanism," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 9(1), pages 1-30, December.
    20. Maximilian Matthe & Daniel M. Ringel & Bernd Skiera, 2023. "Mapping Market Structure Evolution," Marketing Science, INFORMS, vol. 42(3), pages 589-613, May.
    21. Imed Chkir & Alireza Rahimzadeh & Syrine Sassi, 2025. "Unraveling the Impact of Product Market Competition and Earnings Volatility on Zero-Leverage Policies," JRFM, MDPI, vol. 18(2), pages 1-28, February.
    22. Wu, Chengxing & Duan, Dongli, 2024. "Collapse process prediction of mutualistic dynamical networks with k-core and dimension reduction method," Chaos, Solitons & Fractals, Elsevier, vol. 180(C).
    23. Zhou, Jingting & Li, Wanli & Yan, Ziqiao & Lyu, Huaili, 2021. "Controlling shareholder share pledging and stock price crash risk: Evidence from China," International Review of Financial Analysis, Elsevier, vol. 77(C).
    24. Bing Wang & Kung‐Cheng Ho & Xinyu Liu & Yan Gu, 2022. "Industry cash flow volatility and stock price crash risk," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 43(2), pages 356-371, March.
    25. Khalil Jebran & Shihua Chen & Ruibin Zhang, 2022. "Board social capital and stock price crash risk," Review of Quantitative Finance and Accounting, Springer, vol. 58(2), pages 499-540, February.
    26. Babar, Md. & Habib, Ahsan, 2021. "Product market competition in accounting, finance, and corporate governance: A review of the literature," International Review of Financial Analysis, Elsevier, vol. 73(C).
    27. Li, Yi & Wang, Pengfei & Zhang, Wei, 2023. "Does online interaction between firms and investors reduce stock price crash risk?," The British Accounting Review, Elsevier, vol. 55(4).
    28. Zhao Wang & Yuanlu Suo & Taining Wang & Subal C. Kumbhakar, 2025. "Are operationally efficient firms greener?," Empirical Economics, Springer, vol. 69(5), pages 2627-2669, November.
    29. Hail Jung & Sanghak Choi & Junyoup Lee & Sanggeum Woo, 2022. "Corporate pledgeable asset ownership and stock price crash risk," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 8(1), pages 1-28, December.
    30. Katarzyna Platt, 2020. "Corporate Bonds And Product Market Competition," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 43(3), pages 615-647, August.
    31. Ren, Yangqiu & Hu, Guoliu & Wan, Qing, 2024. "Environmental Protection tax and diversified transition of heavily polluting enterprises: Evidence from a quasi-natural experiment in China," Economic Analysis and Policy, Elsevier, vol. 81(C), pages 1570-1592.
    32. 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.
    33. Qiming Zhong & Qinghua Song & Chien-Chiang Lee, 2024. "Managing crash risks through supply chain transparency: evidence from China," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 10(1), pages 1-31, December.
    34. Xiaoran Ni & Yi Si & Bohui Zhang, 2026. "Climate vulnerability and stock price crash risk worldwide," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 57(2), pages 257-280, March.
    35. Tarkom, Augustine & Nochebuena-Evans, Leiza & Wang, Haibo, 2025. "The effectiveness of female chief financial officers in managing working capital: Evidence from US-listed firms," Journal of Behavioral and Experimental Finance, Elsevier, vol. 47(C).
    36. Taussig, Roi D., 2021. "Competition risk and expected stock returns," Finance Research Letters, Elsevier, vol. 41(C).
    37. Chen, Weijia & Huang, Shupei, 2025. "A novel detection approach of bifurcation-induced tipping points with generalized Ornstein-Uhlenbeck process in finance," Chaos, Solitons & Fractals, Elsevier, vol. 201(P2).
    38. Su, Hengyi & Huang, Jianbo & Chen, Lingyun, 2025. "Historical business traditions and stock price crash risk: Evidence from merchant guilds’ influence in China," Journal of Behavioral and Experimental Finance, Elsevier, vol. 48(C).
    39. Andreou, Christoforos K. & Andreou, Panayiotis C. & Lambertides, Neophytos, 2021. "Financial distress risk and stock price crashes," Journal of Corporate Finance, Elsevier, vol. 67(C).
    40. Zhang, Tingting & Kim, Incheol & Gracy Yang, Jingyu & Zhang, Zhengyi, 2025. "Which institutions impose more sanctions? Formal vs. informal CEO non-duality institutions and stock price crash risk of CEO duality firms," Journal of Business Research, Elsevier, vol. 199(C).
    41. Li, Tianpei (Constance) & Walton, Stephanie, 2023. "Is there a dark side of competition? Product market competition and auditor-client contracting," Advances in accounting, Elsevier, vol. 62(C).
    42. Rahman, Sohanur & Sinnewe, Elisabeth & Chapple, Larelle, 2024. "Environment-specific political risk discourse and expected crash risk: The role of political activism," International Review of Financial Analysis, Elsevier, vol. 95(PB).
    43. Cao, Cathy Xuying & Chen, Chongyang, 2023. "CEO turnover, product market competition, and leverage policy," International Review of Financial Analysis, Elsevier, vol. 90(C).
    44. Xu, Lingling & Huang, Xiaodi & Liu, Guanchun & Liu, Yuanyuan, 2023. "Tax authority enforcement and stock price crash risk: Evidence from China," Finance Research Letters, Elsevier, vol. 55(PA).
    45. Bakke, Tor-Erik & Feng, Felix Zhiyu & Mahmudi, Hamed & Zhu, Caroline H., 2022. "Foreign competition and CEO risk-incentive compensation," Journal of Corporate Finance, Elsevier, vol. 76(C).
    46. Changjie Hu & Ming Liu, 2023. "Protect or Compete? Evidence of Firms’ Innovation from Import Penetration," JRFM, MDPI, vol. 16(4), pages 1-17, April.
    47. Ding, David K. & Fang, Jiali & Nguyen, Phuc V. & Wongchoti, Udomsak, 2025. "Growing pains: Vietnamese firms' operational efficiency and transition under the CPTPP," Emerging Markets Review, Elsevier, vol. 69(C).
    48. Atawnah, Nader & Zaman, Rashid & Liu, Jia & Atawna, Thaer & Maghyereh, Aktham, 2023. "Does foreign competition affect corporate debt maturity structure? Evidence from import penetration," International Review of Financial Analysis, Elsevier, vol. 86(C).
    49. Ma, Rui & Guo, Fei & Li, Dongdong, 2024. "Can public data availability affect stock price crash risk? Evidence from China," International Review of Financial Analysis, Elsevier, vol. 94(C).
    50. Aiyang Yin & Liang Han & Yun Shen, 2025. "Unravelling the enigma: managerial bad news hoarding and financial analyst forecasts," Review of Quantitative Finance and Accounting, Springer, vol. 65(3), pages 1097-1134, October.
    51. Below, Scott & Harris, Oneil & Linton, Charmaine & Ngo, Thanh, 2025. "Negative peer disclosures, crash risk, and strategic change," Journal of Behavioral and Experimental Finance, Elsevier, vol. 46(C).
    52. Wu, Chen & Wang, Kedi, 2026. "Market-based reforms in share issuance and stock price crash risk: Evidence from China," Pacific-Basin Finance Journal, Elsevier, vol. 95(C).
    53. Li, Na & Shi, Guifeng & Guo, Ping & Wu, Yanqin & Zhuo, Weijia, 2025. "Does mandatory operating information disclosure affect corporate earnings management? Evidence from China," Economic Analysis and Policy, Elsevier, vol. 85(C), pages 768-790.
    54. Ni, Xiaoran & Wang, Ye & Yin, David, 2025. "The market for corporate control and firm information environment: Evidence from five decades of data," Journal of Banking & Finance, Elsevier, vol. 171(C).
    55. Chen, Leqin & Lei, Adrian C.H. & Song, Chen, 2024. "Organization capital and stock price crash risk," Pacific-Basin Finance Journal, Elsevier, vol. 88(C).
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    57. Dang, Viet Anh & Lee, Edward & Liu, Yangke & Zeng, Cheng, 2022. "Bank deregulation and stock price crash risk," Journal of Corporate Finance, Elsevier, vol. 72(C).
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