Global warming has been a growing global concern that forces regulators to find ways to promote green justice and imposes significant environmental litigation cost on firms and in turn, reduce environmental damage. We examine whether the staggered establishment of environmental courts and tribunals

The push for pay transparency as a mechanism to promote fairness in employee compensation has recently gained momentum. In this study, we exploit the state-level staggered adoption of pay transparency laws to study how pay transparency affects firms’ product recalls. We find an increase in produ

This study provides novel evidence on the magnitude of switching costs in auditing. We use a discrete choice approach to infer switching costs from clients’ auditor choices. The demand estimation reveals that switching costs matter and that they differ by the direction with switching from non-Big 4

Exploiting the country-level mandatory adoption of public credit registries (PCRs), which improve banks’ ability to monitor borrowers through sharing their credit information among banks, we document a negative impact of enhanced bank monitoring ability on firms’ decisions to voluntarily provi

Retail investors have become more vocal in pressuring firms to improve their environmental performance, yet little is known about whether and when firms respond to these pressures. We conduct a field experiment on investor online platforms where we inject investor pressure by posting requests for en

Institutional investors often simultaneously hold large stakes in same-industry firms (hereafter common ownership). This study intends to explore the implications of common ownership for incentive contracting by examining the relation between common ownership and peer selection in relative performan

This study examines whether improved environmental, social, and governance (ESG) transparency enhances firms’ competitiveness for foreign government procurement contracts. Exploiting the staggered adoption of mandatory ESG disclosure requirements across countries, we find that, following the ESG

【讲座时间】2023年11月21日 14:00 【讲座地点】会计学院108室【讲座主题】人工智能、算法、另类数据与会计研究：“计算机+会计”=？【嘉宾介绍】李晓荣，上海交通大学安泰经济与管理学院讲师，博士 复旦大学计算机软件与理论专业博士。李老师长期从事基于信息技术的会计学、金融学研究，形成“经济含义智能化计量”系列性研究成果，该系列研究成果相关的信息技术有人工智能、自然语言处理、大数据、云计算等，在Management Science,International Review of Financial Analysis,Accounting Horizons等期刊发表多篇论文，另有两篇工作

Relying on labor unrest as shock to local social stability, we show that state-owned enterprises (SOEs) react to nearby unrest by creating additional employment at the expense of firm productivity. Such effect is larger when labor unrest is in the exposed SOEs’ industries, local fiscal budgets a

We study how socially responsible investors (SRIs) affect information incorporation in price. We find that a higher level of socially responsible institutional ownership results in a lower level of informativeness of current returns on future earnings. Using an exogenous shock to SRI ownership

We examine whether and how mandatory carbon disclosure affects the transmission of carbon emissions through a firm’s global supply chain. Using the 2013 UK carbon disclosure regulation that mandates the reporting of Scopes 1 and 2 emissions (from firms’ own activities and purchased energy) but n

This study is to examine whether small investors’ social media activity is helpful for predicting subsequent bond credit spreads. We use extensive data of posts/comments on the internet stock message board – EastMoney Stock Forum thirty days prior to bond issuance announcement date to identify its p