ABSTRACT Using the implementation of Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system from 1993 to 1996 as a shock information dissemination technologies, we examine how significant reduction in disclosure processing costs affects real economy. We find that EDGAR leads an increase corporate investment this effect is concentrated value firms. provide evidence improved equity financing enhanced managerial incentives are likely underlying mechanisms. Specifically, firm's stock...

ABSTRACT We investigate the role of financial analysts in product quality failures. Relying on information about recalls, we first show that analyst coverage average reduces quality, particularly when managers face greater short-term pressure from institutional investors. However, after identifying a subgroup who raise questions product-related issues earnings conference calls, find by these “product analysts” enhances rather than compromises quality. Firms with are also more likely to...

SYNOPSIS Our study examines how constituency statutes influence corporate tax avoidance. These state-level laws allow boards to consider the interests of all stakeholders, not just shareholders, in their decisions. Using recent econometric advances staggered difference-in-differences estimations, we find that after these are adopted, firms affected by reduce This effect is stronger previously avoid more taxes or have lower social responsibility ratings. provides valuable insights into...

Afforestation is an important way to effectively reduce carbon emissions from human activities and increase sinks in forest ecosystems. It also plays role climate change mitigation. Currently, few studies have examined the spatiotemporal dynamics of future afforestation areas, which are crucial for assessing sequestration In order obtain dynamic distribution potential land over time under scenarios China, we utilized random method this study calculate weights selected influencing factors on...

Abstract Research Question/Issue This study investigates the relationship between climate risk and corporate tax avoidance. Previous studies on this generate mixed results, theoretically empirically. Our addresses empirical question by providing new evidence using a large international sample novel proxy for risk. Findings/Insights The results show that higher is associated with Mechanism analyses positive association due to incentive reserve cash in response tightened financial constraints,...

In the context of rapid evolution financial markets, precise prediction stock prices has become increasingly complex and challenging, influenced by a myriad factors including macroeconomic indicators, company conditions, market sentiment. A model integrating modern machine learning techniques been introduced in this study, aimed at enhancing accuracy price prediction. To more effectively capture long-term dependencies time series data, novel memory attention module innovatively integrated...

Using the staggered implementation of EDGAR system from 1993 to 1996 as a shock information dissemination technologies, we examine potential benefits and costs modern technologies on real economy. On one hand, document that broader leads an increase in level equity financing corporate investment. other provide evidence greater disclosures crowds out investors’ private acquisition reduces managerial learning stock prices. This crowding-out effect, while often overlooked, is particularly...

Using the implementation of Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system from 1993 to 1996 as a shock information dissemination technologies, we examine how significant reduction in disclosure processing costs affects real economy.We find that EDGAR leads an increase corporate investment this effect is concentrated value firms.We provide evidence improved equity financing enhanced managerial incentives are likely underlying mechanisms.Specifically, firm's stock...

Using the implementation of Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system from 1993 to 1996 as a shock information dissemination technologies, we examine how significant reduction in disclosure processing costs affects real economy. We find that EDGAR leads an increase corporate investment this effect is concentrated value firms. provide evidence improved equity financing enhanced managerial incentives are likely underlying mechanisms. Specifically, firm’s stock...

A curvature sensor based on flexoelectricity using Ba0.64Sr0.36TiO₃ (BST) material is proposed and developed in this paper. The working principle of the flexoelectricity, exhibiting coupling between mechanical strain gradient electric polarization. BST lab prepared a conventional solid state processing method. sensing demonstrated four point bending tests beam under harmonic loads. sensors are attached both side surfaces an aluminum beam, located symmetrically with respect to its...

With the development of artificial intelligence, big data, blockchain and virtual reality technology, digital transformation education plays an increasingly important role in educational informatization. The purpose this paper is to explore key driving factors education. This study focuses on hot spots, ecological models innovative strategies research results show that main keywords hotspots trends are Digital Business, Artificial Intelligence, Motivation, Educational Change, etc....

Abstract We study the role of logistics information in stock price discovery process. Using a proprietary dataset on parcel-level express delivery service records from one largest providers China, we find that contains firm-specific for pricing. A long/short portfolio buying (selling) stocks with high (low) quarterly growth number parcels sent by firms generates an 8.23 percent risk-adjusted annual return. The return predictability is more significantly driven document, light, and...

Abstract Exploiting mergers between lenders and shareholders of the same firm as an exogenous shock to shareholder–creditor conflicts, we examine causal effect these conflicts on firms' ex ante expected stock price crash risk evident in options implied volatility smirk. The decrease interest induces dual holders encourage disclosure more information alleviate costly asymmetry with other investors better execute their oversight role constraining managers' bad news suppression. Consistent...

Abstract Research on how shareholder pressure influences the interests of stakeholders has recently witnessed a sharp increase, but yields mixed findings. We revisit this question by investigating impact managers' attempts to meet or beat earnings expectations corporate tax avoidance. Using sample Chinese listed firms during 2005–2022, we find that with are more tax‐aggressive. Furthermore, such higher level avoidance due is associated real activity management. Cross‐sectional analysis shows...