We investigate a 2012 comply-or-explain regulation implemented by China's Shanghai
Stock Exchange. The regulation requires eligible firms to pay 30% of their current-year …

Using DiD regressions we exploit the impact of mandatory full disclosure of an analyst's
corporate site visit in China. We find robust evidence that full disclosure improves the quality …

This paper examines whether analysts' decisions to follow or visit a firm are affected by a
specific governance structure—multiple large shareholders (MLS). Using a sample of 3369 …

There is a debate on whether company visits, an important channel of analysts' information
acquisition, should be regulated similar to management disclosure under Regulation Fair …

The personal traits of firm leaders, shaped by early life experiences, influence their
preferences over work activities. Such preferences, in turn, can affect employee behavior …

I study how investors' belief on other investors' information acquisition about an asset affects
trading and price, holding constant investors' actual information acquisition. I hypothesize …

This paper investigates the real and capital market effects of a mandatory change in the
presentation format of research and development (R&D) expense. We utilize a setting of …