A5018549925- Corporate Finance and Governance
- Law, Economics, and Judicial Systems
- Financial Markets and Investment Strategies
- Auditing, Earnings Management, Governance
- Outsourcing and Supply Chain Management
- Taxation and Compliance Studies
- Insurance and Financial Risk Management
- Public Procurement and Policy
- Firm Innovation and Growth
- Private Equity and Venture Capital
- Financial Literacy, Pension, Retirement Analysis
Chengdu University of Technology
2022-2023
This paper examines the incentive effect of personal legal liability for a CEO. Exploiting unique Chinese law that representative firm bears firm's illegal activities, we document decrease in earnings management when CEO is also representative. Additional analysis shows impact CEO's on more salient externally recruited, lacks family background, and faces enormous litigation risk. The findings are robust to endogeneity after accounting characteristics. Our study contributes managerial...
This paper investigates the impact of outsourcing on variability corporate performance, based manually collected data Chinese companies from 2012 to 2020. The results show that significantly reduces and negative correlation between performance is more significant in with high quality information disclosure, low degree asset specificity, production efficiency. It shows an effective management decision disperse risks.
ABSTRACTThis paper focuses on the phenomenon of absence an ultimate controller from 2007 to 2018, and discusses specific impact corporate innovation perspective managerial risk tolerance. It is found that R&D investment outputs in companies without controllers get significantly increased, which results reduction managers' concerns about failure. The positive correlation between behaviour more significant with greater power, a higher degree equity dispersion, shareholding ratio institutional...