ABSTRACT Enhancing firms' ESG performance has become an important issue for promoting sustainable economic development. Nowadays, the application of big data technology may have a significant impact on performance, but research in this area remains relatively insufficient. Based quasi‐natural experiment national comprehensive experimental zone pilot policy (NBDCEZs) China, study employs panel from 1383 Chinese nonfinancial listed firms 2009 to 2022. We utilize difference‐in‐differences (DID)...

Abstract To optimise the regulatory approach, China Securities Regulatory Commission (CSRC) introduced double‐random inspection policy (DRIP), which mandates that provincial branches of CSRC randomly select at least 5% local listed firms each year and assign inspectors to conduct on‐site inspections their information disclosure corporate governance practices. This paper investigates real effect DRIP on financial fraud. Performing a multi‐period synthetic difference‐in‐differences model...

Using a panel of manufacturing firms in China for the period 2006 to 2015, this study investigates how adoption industrial robots, as technological disruption, affects firm patent activities through intra‐industry interactions (robot by peer same industry) and inter‐industry input–output linkages upstream suppliers or downstream customers). We also test these impacts are shaped firms' absorptive capacity external intellectual property right (IPR) protection. Our findings suggest that robot...

Short selling has been demonstrated as an important external corporate governance mechanism, which can discipline managerial behaviours and mitigate principle-agent conflicts in developed markets. With a data set of Chinese public companies, we examine the effect short on innovation China. We find that significantly positive regarding both quantity quality. Our cross-sectional tests show short-selling is more pronounced for firms with weaker internal governance. Lastly, document improves...

Abstract Land is a finite and non‐renewable natural resource. The competitive decisions of local governments will have profound impact on the green efficient use land resources. This paper examines nonlinear effect government competition total factor productivity (GLTFP) using data from 171 Chinese cities 2006 to 2019. results show that (1) there an inverted U‐shaped relationship between GLTFP, this conclusion holds after addressing series endogeneity concerns. (2) Local can affect GLTFP...

Diamantina Trench in the southeast Indian Ocean is one of less unexplored hadal trenches (> 6000 m) our planet, which develops second deepest point (Dordrecht Deep, ca. 7019 m depth) Ocean. Humans did not visit its ocean floor until Chinese submersible Fendouzhe reached January 2023. This expedition collected high-resolution multibeam sonar bathymetry data covering about 3000 nautical miles and conducted 28 scientific dives with videos push core sediments upper seafloor (max. 40 cm) at a...

Firms have different choices of using equity issuance and cash flow to save. Empirically, we find three differences between savings from flow. First, firms may not increase or decrease the rates at same time. Second, rate is higher than that Third, in 1985-2016, increases more To investigate differences, analyze cash-savings motives following perspectives: growth options, financial constraints, overvaluation. Our theory predicts above scenarios, whereas only because constraints. Empirical...