In this paper, we present a review of tax research. We survey four main areas of the
literature:(1) the informational role of income tax expense reported for financial …

This chapter surveys the recent empirical literature and adds to the evidence on takeover
bids for US targets, 1980–2005. The availability of machine readable transaction databases …

The purpose of this article is to determine whether the ESG (environmental, social, and
governance) performance by Chinese listed companies affects their financing constraints …

Applying the difference-in-differences method, we show that high-speed rail (HSR)
construction improves investment efficiency in China. The effect is more pronounced for …

This paper reviews, appraises, and critiques theoretical and empirical research on the
connections between the operation of the financial system and economic growth. While …

This paper examines systematic differences in earnings management across 31 countries.
We propose an explanation for these differences based on the notion that insiders, in an …

In the context of increasing concern about climate issues, corporate environmental, social
and governance (ESG) performance has received widespread attention from the public. Our …

In the last decade, economists have produced a considerable body of research suggesting
that the historical origin of a country's laws is highly correlated with a broad range of its legal …

We present a new measure of legal protection of minority shareholders against
expropriation by corporate insiders: the anti-self-dealing index. Assembled with the help of …

We analyze the consequences of the board's dual role as advisor as well as monitor of
management. Given this dual role, the CEO faces a trade‐off in disclosing information to the …