Articles with the same column -- Department of Academic Journals, SUFE

Lack of Knowledge Leads to Doubt, and Lack of Trust Leads to Words: Trust and Bond Covenants

Formulating appropriate bond covenants is a means of allocating residual control between creditors and issuers. This paper takes the data of corporate bonds listed and issued on the A-shar...

First published at: Sep 20, 2024

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doi:10.16538/j.cnki.fem.20240524.202

Foreign Economics & Management, Vol. 46, Issue 09, pp. 48 - 66

CORPORATE FINANCE | F270

Disappearing Jobs: The Labor Market Consequence of Controlling Shareholder Share Pledging

Li Ruitao, Li Chuanxian, Guo Shijun

Employment is the foundation of people’s livelihoods. Currently, there is significant employment pressure in the Chinese society. This paper examines the impact of controlling shareholder...

First published at: Sep 20, 2024

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doi:10.16538/j.cnki.fem.20240209.202

Foreign Economics & Management, Vol. 46, Issue 09, pp. 31 - 47

CORPORATE FINANCE | F270

Where do the Future Returns of Excellent Stocks Come from? Based on the Perspectives of Value Driving, Risk Compensation, and Mispricing

Wen Zuojun, Liu Weiqi, Zhang Xindong

Using the daily data of Chinese A-share stocks from 2006 to 2022 and integrating the essence of excellence, this paper constructs an indicator of Advantageous Strength Level (ASL) to depic...

First published at: Aug 20, 2024

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doi:10.16538/j.cnki.fem.20240524.201

Foreign Economics & Management, Vol. 46, Issue 08, pp. 86 - 102

CORPORATE FINANCE | F270

Will Bank Branch Expansion Improve the Real Economy? Based on the Spatial Distribution of Bank Branches at the Firm Level

Long Zhineng, Li Wanli

Deepening the reform of the financial system and enhancing the ability of financial services to affect the real economy are currently the focus of attention. In the context of the downward...

First published at: Aug 20, 2024

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doi:10.16538/j.cnki.fem.20240120.203

Foreign Economics & Management, Vol. 46, Issue 08, pp. 69 - 85

CORPORATE FINANCE | F270

Empowerment or Negative Energy: ESG Performance and Labor Investment Efficiency of Enterprises

Zhang Zenan, Xia Yujie, Zhang Xuemei

With the concept of green and sustainable development gaining popularity, ESG has been gradually becoming a core element of corporate decisions. It has a profound impact on the structural ...

First published at: Jul 20, 2024

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doi:10.16538/j.cnki.fem.20240120.201

Foreign Economics & Management, Vol. 46, Issue 07, pp. 69 - 85

CORPORATE FINANCE | F270

Quarterly Operating Information Disclosure and Audit Fees: A Study on the Spillover Effect of Non-financial Information Disclosure Regulatory Innovation

Liu Zhenyu, Li Xuan, Liu Hao

Non-financial information is an important part of the information environment, and how non-financial information affects audit fees is worth paying attention to. However, most of the non-f...

First published at: May 20, 2024

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doi:10.16538/j.cnki.fem.20230617.202

Foreign Economics & Management, Vol. 46, Issue 05, pp. 104 - 119

CORPORATE FINANCE | F270

Impression Management of Goodwill Impairment Firms and R&D Expenditure Capitalization: Empirical Evidence from 2007-2021 A-Share Listed Companies

Dong Xinge, Han Liangliang, Dong Yinghou

The credibility of firms gradually collapses with the increase of goodwill impairment, so recovering the loss of reputation and stock price caused by goodwill impairment has become the top...

First published at: May 20, 2024

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doi:10.16538/j.cnki.fem.20230831.201

Foreign Economics & Management, Vol. 46, Issue 05, pp. 86 - 103

CORPORATE FINANCE | F270

Will Directors’ and Officers’ Liability Insurance Promote OFDI: An Empirical Study Based on A-share Listed Companies

Wang Tianyun, Zhu Jigao

In recent years, the international market has experienced frequent fluctuations, and the supervision policies of OFDI have become increasingly strict. The complex and ever-changing global ...

First published at: Apr 20, 2024

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doi:10.16538/j.cnki.fem.20230409.203

Foreign Economics & Management, Vol. 46, Issue 04, pp. 36 - 51

CORPORATE FINANCE | F270

Direct Investment in Tax Havens and Corporate Information Disclosure Quality: An Empirical Research Based on the Perspective of Annual Report Restatement

Wei Zhihua, Xiang Xueman, Xiao Manli

Applying China’s A-share listed companies from 2007 to 2018 as the research sample, this paper empirically examines the impact of tax haven investment on annual report restatement. It als...

First published at: Mar 20, 2024

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doi:10.16538/j.cnki.fem.20230409.202

Foreign Economics & Management, Vol. 46, Issue 03, pp. 88 - 105

CORPORATE FINANCE | F270

“National Civilized City” Campaign and Corporate Cross-regional Investment: Empirical Evidence Based on the Geographical Distribution of New Subsidiaries of Listed Companies from 2008 to 2018

Liu Jiawei, Deng Bofu, Luo Zhengying, et al

Taking the “National Civilized City” campaign as a quasi-natural experiment, this paper studies whether the improvement of urban business environment through the campaign can enhance the...

First published at: Feb 20, 2024

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doi:10.16538/j.cnki.fem.20230326.201

Foreign Economics & Management, Vol. 46, Issue 02, pp. 35 - 52