This paper establishes a shareholder-stock bipartite network based on the data of large shareholders’ shareholding in the Shanghai A-share market of China in 2021. Based on the shareholder-stock bipartite network, the statistically validated ne...
Sustainable corporate governance increasingly influences corporate strategy considerations. Effective governance ensures organizational sustainability, with ESG being a crucial component. Large shareholders, as direct stakeholders, have a key role in...
This study aims to investigate the effect of mergers and acquisitions (M&A) on shareholders’ wealth. Additionally, this study investigates the impact of the economic crisis during 2007–2008 on the shareholders’ perceptions of ga...
The wide-ranging academic literature on corporate governance in the banking sector includes only a few studies on bank ownership and, specifically, on the comparative power of shareholders within the corporate structure. This paper reports an investi...
The era of big data has changed the traditional data science based on mathematical statistics, and promoted the innovation of data analysis methods. This paper takes China state-holding holding enterprises as the research object, uses game theory as...
This study investigates the effect of corporate governance reforms protecting minority shareholders on the firm value measured by Tobin’s Q. Using the difference-in-differences estimation and a large international sample from 65 countries for t...
Small and medium enterprises (SMEs) face more risks for sustainable growth due to a lack of resources than large firms in emerging economies. Hence, it is more likely for SMEs to look to risk management for survival in turbulent markets. As a tool of...
Despite the increasing use of mixed ownership (domestic and foreign shareholders) in Chinese state-owned enterprises (SOEs), the role and performance of foreign ownership is still a controversial topic. In this paper we empirically examine the effect...
Fintech companies are relatively young and operate in a rapidly evolving and ever-changing industry, which makes it important to understand how different factors, including shareholder presence in management roles, affect their performance. This stud...
The purpose of this paper is to introduce new methods to measure the indirect control power of firms in complex corporate shareholding structures using the concept of power indices from cooperative game theory. The proposed measures vary in desirable...
The green innovation strategy has gradually become the key for enterprises as microeconomic entities to gain competitive advantages and adapt to complex changes in the external environment. Using the data of A-share listed companies in Shanghai and S...
This article aims to examine the voting behaviour of long-term institutional shareholders towards board recommendations on management proposals and resolutions and how the potential agency costs could moderate such voting behaviour. This study is con...
Prior research on unethical controlling shareholder is limited. This study examines the effect of the evanishment of unethical controlling shareholders’ risk on firm value and how corporate governance moderates this effect from a principal&ndas...
The relationship between corporate governance and shareholder value remains a subject of contention, with studies reporting positive, weak, or context-dependent effects. Drawing on multiple theoretical perspectives, this study examines how and when c...
In recent years, the development of China’s state-owned companies (SOEs) has slowed dramatically due to the improvement of the government–enterprise relationship and maturity in the market system. To accomplish the market-oriented transfo...
Innovation ability has become an important factor affecting the global competitiveness and sustainable development of state-owned enterprises (SOEs) in China, particularly during the COVID-19 period. This study examined the association between hetero...
This study examines the effect of multiple large shareholders (MLS) on environmental, social, and governance (ESG) controversies and the factors that moderate this relationship. It is motivated by the need to understand the determinants of ESG contro...
Fulfilling social responsibilities in order to sustain development has increasingly become a strategic choice for companies. Good corporate governance can guarantee high corporate social responsibility performance. This paper selects state-owned ente...
Behavioral finance is an area or sub-discipline of behavioral economics that examines the real financial behavior and decision-making of people, including the knowledge of psychology and sociology. The objective of this paper was to identify and inve...
Working capital management (WCM) is a key factor in the success of manufacturing companies when credit is restricted, as is the case in the current climate caused by the COVID-19 crisis. The main purpose of this paper is to investigate the relationsh...
This study analysed how positive, neutral, and negative sustainability news impacted the share prices of American and European energy companies, focusing on short-term market reactions. Our goal was to understand whether or not the sustainability nar...
This paper investigates the shareholder wealth impact of government investment in listed companies (and by extension, government subsidisation of those companies), using data from Malaysia. We distinguish two overlapping categories of government-rela...
The context of China fosters different contextual factors, which influences the quality of corporate social responsibility (CSR) disclosure in comparison to firms across the rest of the world. Political ties at a corporate level are one of these vita...
Based on China’s newly established Securities Investor Services Center (CSISC), a minority shareholder protection mechanism, we investigated how the CSISC shareholder influences the ESG performance of listed companies. Using a difference-in-dif...
This paper uses the data of Corporate Social Responsibility (CSR) performance of A-share listed companies in China from 2013–2017 as sample to study on the impacts of managerial shareholding on CSR performance. By dividing the sample into mandatory d...
Corporations have embraced the idea of corporate environmental, social, and governance (ESG) under the general framework of sustainability. Studies have measured and analyzed the impact of internal sustainability efforts on the performance of individ...
The purpose of this concept paper is to suggest a theoretical framework for understanding the post-privatisation performance of statutory bodies, subject to government shareholding. We identify a suitable model, from the analytical economics literatu...
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This article aims to detect how ESG adds value to the long-term shareholder value creation and to discover whether businesses are aware of positive ESG effects and, therefore, whether they will become more ESG-conscious. By conducting a qualitative c...
The paper’s prime objective is to understand the impact of Shareholder activism on firm performance. This study is conducted in a unique setup where traditional activist investors such as pension funds and hedge funds are not present. However,...
This study examines the peer effects of bank digital transformation facilitated by shareholder networks and explores the underlying mechanisms. A time-varying network is constructed based on common shareholder connections among banks, and a correspon...
As important methods of ecofriendly transportation, the supply chain coordination of new energy vehicles (NEVs) is an important issue in the field of sustainability. This study constructs a Stackelberg game composed of a power battery supplier and an...
Few can argue with the notion that corporations should at least consider corporate social responsibility (CSR) to better understand the impact of their operations on society. However, recent empirical tests suggest CSR has an ambiguous impact on firm...
We study whether the substantial rise in passive ownership reshapes activist shareholders’ behavior in sponsoring shareholder proposals, which shareholders use to address issues they believe are crucial for the sustainable growth of a company....
This study investigates the impact of shareholder activism and board of directors (BOD) commitment on corporate agility and sustainability strategy within Indonesia’s inland container depot (ICD) industry. Data from 147 ICDs were collected usin...
Exploiting interstate branching deregulations during 1994–2005 as exogenous shocks to banking market competition, we examine the impact of increased market competition on shareholder voting in the U.S. banking industry. Voting is one of the pri...
This study assessed the accounting-based variables and value-based management (VBM) variables that jointly affect firm value and performance. The study applied the causality test and variance decomposition to determine the variability of the variable...
Systemic risk events constitute an important issue in current financial systems. A leading course of action used to mitigate such events is identification of systemically important agents in order to implement the prudential policies in a financial s...
To investigate the mechanism of improving corporate sustainable development, this paper uses the sample data of Shanghai and Shenzhen A-share listed companies between 2008–2017 and empirically investigates the effect of institutional investors&...
Although technological acquisitions have attracted much attention as a prominent means of open innovation that allows firms to complement internal innovation, their shareholder value creation effects should be influenced by whether the acquiring fami...
Based on agency theory, we focused on the influence of corporate governance in the dividend policy of large listed firms with headquarters in continental Europe countries. Previous research focused on the influence of corporate governance on the perf...
In the field of firms’ technological innovation, a large body of research has emphasized the roles of interlocking directors and the associated board networks in which they are embedded. By integrating the process perspective of absorptive capa...
Rural economic development helps reduce the income inequality in China. Existing studies show the positive effects of rural reforms, however, whether the rural credit cooperative’s shareholding reform promotes rural economic development and whether e...
The aim of this research was to provide further evidence of the impact of the power of the Chief Executive Officer (CEO) on corporate social responsibility (CSR) disclosure. Additionally, we explore the moderating role of CEO compensation linked to s...
We investigate the association between dividend policy and government shareholding, using Malaysian data. We hypothesize a positive association. We contribute to the literature about dividend policy. Unique features of our study include adaptations t...
Product quality is a key factor affecting consumers’ willingness to buy, providing greater advantages to an enterprise than product price. This paper investigates the impact of two factors, price and quality, on the operational decisions of hyb...
The land tenure reform is the key to sustainable development in rural China. Without challenging the collective ownership of land, the land shareholding cooperative (LSC) system came into being and is being strongly endorsed by the authority: It re-c...
It is a noteworthy phenomenon that institutional investors care more about the ESG performance of the firms in their portfolios in China. Exploring the role of institutional shareholders in firms’ ESG performance is vital for corporate sustaina...
There are many misconceptions around stock prices and stock splits, and the behavior of shareholders, investors, and managers based on such information, due to a number of confounding factors. This paper tests a few hypotheses using a selected databa...
We examine the impact of mutual fund dual ownership (i.e., simultaneous holdings of stocks and bonds of the same company by mutual fund families) on corporate innovation. Our findings indicate that dual ownership is positively associated with innovat...
Against the global low-carbon transition, China, as one of the world’s major carbon emitters, relies on green finance to drive corporate carbon reduction. However, existing research has paid limited attention to green funds, an important compon...
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