A5039320625- Energy, Environment, Economic Growth
- Environmental Sustainability in Business
- Economic Growth and Development
- Corporate Social Responsibility Reporting
- Market Dynamics and Volatility
- Economic and Technological Innovation
- Taxation and Compliance Studies
- Corporate Finance and Governance
- Risk Management in Financial Firms
- Digital Platforms and Economics
- Supply Chain Resilience and Risk Management
- Innovation and Knowledge Management
- Financial Markets and Investment Strategies
Renmin University of China
2022-2025
Using the sample of A-share listed companies from 2011 to 2022, we show a robust negative relationship between customer concentration and stock price crash risk in China. This finding contrasts with previous research based on U.S. firms, which shows that is positively correlated risk. We believe Chinese imperfect capital market key factor contributing this divergence. reveal concentrated base can reduce by improving corporate governance supply chain transparency. Heterogeneity analysis...
Companies are facing increasing environmental regulatory risk, but the literature has rarely studied how firms respond to this type of risk. This paper uses China's Central Environmental Protection Inspection (CEPI) as an exogenous shock and explores role ESG engagement in mitigating Our main findings follows. First, CEPI reduces market value companies by 1.8%, or about $153,000 million. implies that regulation firm short run. Second, those with higher scores suffer lower degradation from...
Supply chain resilience is critical to the survival and growth of a company. In digital era, technologies enable companies diversify their supply chains, thus improving resilience. However, impact corporate transformation on has not been studied our knowledge. Using data Chinese A-share private manufacturing from 2003 2019, we find that significantly improves diversification. To address endogeneity issues, adopt synthetic difference-in-differences (SDID) method Bartik instrument variables....