Abstract We investigate the impact of economic policy uncertainty (EPU) exposure on earnings management behaviour Chinese firms. find a significantly positive relation between EPU and firms’ management. In addition, effect is more pronounced for firms with weaker external monitoring mechanisms. also that financial leverage growth rate individual stocks have significant predictive ability exposure. When we examine potential mechanisms linking to management, distress dominant mechanism high...

Abstract This study examines whether local neighbors operating in different industries affect corporate innovation engagement. Based on mimetic isomorphism theory, we find that innovative can serve as a social reference group for corporations to build legitimacy and guide corporations' behavior. Our results remain robust after controlling endogeneity by employing various methods. More importantly, our mechanism analysis indicates government activism is crucial promote behavior region....

ABSTRACT This study examines the impact of common institutional ownership (CIO) on environmental information disclosure (EID) within China's unique context. We find that CIO significantly reduces EID in portfolio firms. To address potential endogeneity issues, we employ alternative measures, fixed effects models, entropy balancing, and instrumental variable estimation. Mechanism analysis reveals negative is primarily driven by their better access to preference for private information, as...

Purpose – The purpose of this paper is to empirically test whether stock liquidity and investor sentiment have interactive effects on seasoned equity offers (SEOs) price discounts in Australia. Design/methodology/approach authors focus the implicit cost borne by firms when issuing capital. This measured as relative difference between SEO offer last close prior announcement issue. primary measure a composite index constructed similar that Baker Wurgler (2007). Findings results show that,...

The smoothed finite element method (S-FEM) has been developed recent years and is increasingly used for stress analysis engineering design of structures, due to its high computational accuracy outstanding robustness in against mesh distortion. However, there currently no commercial S-FEM software package available convenient applications. This paper aims integrate into the [Formula: see text] software, because it most widely analyses well integrated computer aided (CAE). From a family...

Abstract This paper investigates the impact of institutional investors' corporate site visits on financial reporting aggressiveness. While prior research has shed light monitoring shareholding firms' practices, preference regarding remains unclear. Using a sample Chinese firms listed Shenzhen Stock Exchange from 2012 to 2019, we find that on‐site significantly increase aggressiveness hosting firms. The visit effect is more salient in are sensitive influence investors, for example, with less...

We examine the effects of academic independent directors abnormal resignations on a firm's R&D investment. manually collect data 3,964 (IDAs), and find that IDAs reduce firms' The results remain significant after employing series endogenous checks robustness tests. Furthermore, we lack advising resourcing channels caused by are primary mechanisms for decline Our main finding is more pronounced non-state-owned enterprises, firms with numerous directors, high profitability low degrees...

In this paper, a gradient smoothed formulation is proposed to deal with fourthorder differential equation of Bernoulli-Euler beam problems for static and dynamic analysis. Through the smoothing operation, C 1 continuity requirement fourth-order boundary value initial can be easily relaxed, 0 interpolating function employed solve problems. present thin problems, linear shape functions are approximate displacement field, domains further formed computing curvature bending moment field....