A5020932694- Corporate Finance and Governance
- Financial Markets and Investment Strategies
- Fiscal Policies and Political Economy
- Political Influence and Corporate Strategies
- Banking stability, regulation, efficiency
- Merger and Competition Analysis
- Housing Market and Economics
- Private Equity and Venture Capital
- Financial Literacy, Pension, Retirement Analysis
- Capital Investment and Risk Analysis
- Mining and Resource Management
- Climate Change Policy and Economics
- Intellectual Property and Patents
- Firm Innovation and Growth
- Banking, Crisis Management, COVID-19 Impact
- Auditing, Earnings Management, Governance
- Metal Extraction and Bioleaching
- Credit Risk and Financial Regulations
- Corporate Taxation and Avoidance
- International Development and Aid
- Economic Issues in Ukraine
- State Capitalism and Financial Governance
Chinese Academy of Geological Sciences
2023
Missouri State University
2023
University of Massachusetts Lowell
2012-2018
University of South Florida
2012-2013
ABSTRACT We examine the response of informed market participants to informational signal auditor changes. Using propensity score matching and difference-in-differences research designs, we document that loan spreads increase by 22 percent on bank loans initiated within a year after changes, increasing direct costs approximately $6.6 million. also find significant in upfront annual fees probability pledging collateral, consistent with an screening monitoring banks. The is for client-initiated...
ABSTRACT Taking the staggered implementation of state climate adaptation plans (SCAPs) as a quasi‐natural experiment, we find that firms headquartered in states finalize SCAPs increase their financial leverage significantly more postadoption period relative to located without SCAPs. This result is driven by facing greater physical risk and with sensitivity policy uncertainty. Further, show value‐enhancing reduce corporate business risk. The results highlight net benefits action role local...
The uneven spatial distribution of mineral resources necessitates the construction mature global governance system to ensure rational allocation resources. To this end, it is essential analyze structure provide a theoretical basis for construction. actor crucial element in driving process, and country serves as most central actor. Therefore, clarifying roles statuses different countries will be helpful system. In context advancing globalization, complex cooperative relationship has been...
We examine how political geography affects firms’ cost of debt. Local policy risk, measured by proximity to power reflected in position the country’s map, is positively related Employing a difference-in-difference-in-differences (DDD) estimation around presidential elections, we find that firms headquartered states become more aligned with president after elections are exposed risk and thus incur higher yield spreads. Firms can manage engaging corporate strategies. Consistent view such...
This article was originally published in 2017 The Accounting Review 92 (3): 155-184.
We investigate the influences of local product market competition on cost private debt. Our evidence suggests that bank loans is significantly higher for firms headquartered in states with greater measured by Herfindahl-Hirschman Index resident industries. To establish causality, we examine recognition Inevitable Disclosure Doctrine and firm relocations to identify exogenous shocks competition. find lower facing less intense after adoption IDD relocated more competitive markets. The results...