A5059179405- Corporate Finance and Governance
- Auditing, Earnings Management, Governance
- Financial Markets and Investment Strategies
- Corporate Social Responsibility Reporting
- Corporate Taxation and Avoidance
- Firm Innovation and Growth
- Banking stability, regulation, efficiency
- Taxation and Compliance Studies
- Environmental Sustainability in Business
- Fiscal Policy and Economic Growth
- Private Equity and Venture Capital
- Economic Growth and Productivity
- Taxation and Legal Issues
- Stochastic processes and financial applications
- Financial Risk and Volatility Modeling
- Labor market dynamics and wage inequality
- Entrepreneurship Studies and Influences
- Working Capital and Financial Performance
- Market Dynamics and Volatility
- Housing Market and Economics
- Corporate Governance and Law
- Stochastic processes and statistical mechanics
- Monetary Policy and Economic Impact
- Global Financial Crisis and Policies
- Hydrocarbon exploration and reservoir analysis
Marquette University
2013-2024
Guangdong University Of Finances and Economics
2023
Guangdong University of Finance
2023
Shanghai Business School
2018-2023
Shandong University of Finance and Economics
2010-2023
Jinan University
2023
College of Business Administration
2013-2021
Institute of Environment and Sustainable Development in Agriculture
2020
Chinese Academy of Agricultural Sciences
2020
Ministry of Agriculture and Rural Affairs
2020
This paper studies the role of institutional investors in influencing corporate environmental, social, and governance (ESG) policies by analyzing relation between ownership toxic release from facilities to which institutions are geographically proximate. We develop a local preference hypothesis based on delegated philanthropy transaction-costs theories. Consistent with hypothesis, is negatively related facility release. The negative stronger for socially responsible investing (SRI) funds,...
Abstract Meteorological and geophysical phenomena involve multiple-scale processes. Here the spatiotemporal wavelet transform (STWT) is applied to detect significant, nonstationary, wave propagation signals from a time–space domain. One of major advantages STWT capability localize properties in both space time, which facilitates study interactions among disturbances by providing relevant information about energy concentration at given time space. The global spectrum (scalogram) STWT, gives...
Abstract Porter and Kramer abandoned the traditional view of trade‐offs proposed concept “creating shared value”, which integrates social environmental needs into a company's core business to improve both society environment while enhancing its competitiveness. Whether creating value strategy can achieve corporate sustainable development should be urgently investigated. With resource‐dependence theory resource‐based theory, positive impacts on social, environmental, financial performances...
Video Moment Retrieval (VMR) aims to identify a temporal segment in an untrimmed video that best matches given textual query. Bias VMR is critical issue, where the model achieves favorable results even if disregarding input. Existing evaluation methods, such as Resplitting, have attempted address bias by creating out-of-distribution (OOD) datasets. However, these methods provide incomplete definition of and do not quantify bias. To this end, we comprehensive VMR, encompassing both data...
Abstract We show that firm‐specific information is more likely to be incorporated into stock prices when firms have stronger shareholder coordination. The premise of our work geographic proximity reduces communication costs among shareholders, thereby leading better positive coordination‐informativeness relation driven mainly by coordination dedicated and independent institutions. further the effect pronounced for with weaker governance mechanisms, suggesting could serve as a substitute...
Abstract We find that a firm’s greater commitment to corporate social responsibility (CSR) increases firm‐specific information incorporated into stock prices. further show searches increase around major disclosure events for firms are more socially responsible, as observed through requests newly released annual (10‐K) filings on EDGAR and company ticker Google earnings announcements. Using alternative empirical specifications, we establish robust positive relation between CSR price...
Abstract We propose a conceptual framework to illustrate that when three conditions hold, institutional investors moderate positive relation between corporate financial performance and environmental performance. explore heterogeneities across institution types demonstrate the importance of each condition. The moderating effect works through channels expert consulting effective monitoring. Our results have important policy practical implications given global trend ownership concentration in...
Abstract With the development of sustainability, ESG information has become a key factor for investors in capital market, but researches on relationship between disclosure and market efficiency not been clear. Using data Chinese A‐share listed companies from 2011 to 2019, this study examined mispricing. The results showed that higher with lower level mispricing, which was also verified both overvalued undervalued samples. test environmental (E), social (S), and, governance (G) can restrain...
Purpose The purpose of this paper is to examine the impact common ownership on corporate innovation, including innovation input, output and postgrant patents. Design/methodology/approach This uses ordinary least square model difference-in-differences technique evaluate effect institutional interlocking shareholdings life cycle innovation. Findings results show that impedes measured by patent grants citations through reduced R&D expenditures. However, protects patents lowering likelihood...
Abstract We study the effect of stakeholder orientation on corporate tax avoidance. Using staggered passage constituency statutes across U.S. states between 1983 and 2006, we show that greater results in increased further find avoidance among firms with limited financial resources employees benefit from change. Our are consistent salience theory resource‐constrained managers prioritize claims salient stakeholders, such as employees, at expense secondary government.
Abstract We show that the quality of information‐sharing networks linking firms’ institutional investors has stock return predictability implications. find firms with high shareholder coordination experience less local comovement and post‐earnings announcement drift, consistent notion facilitate information diffusion improve price efficiency. In support view acts as an channel, we document performance leads low coordination.
This paper investigates macroprudential policies and their role in containing systemic risk China. It shows that China faces both the time (procyclicality) cross-sectional (contagion) dimensions. The former is reflected as credit asset price risks, while latter links between banking sector informal financing local government platforms. Empirical analysis based on 171 banks some policy tools (e.g., reserve requirement ratio house-related policies) are useful, but they cannot guarantee...