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Uneasy lies the head that wears a crown: How celebrity CEOs affect corporate social responsibility-An empirical study of Chinese listed firms.
Heliyon
January 2025
School of International Culture and Communication, Communication University of Zhejiang, China.
This study examines the influence of celebrity Chief Executive Officers (CEOs) on corporate social responsibility (CSR) in Chinese listed firms in the A-share market from 2009 to 2020. We employ a multi-theoretical approach, drawing on upper echelons, impression management, and identity theories to explore several aspects of this topic. We find that celebrity CEOs are associated with better CSR engagement, suggesting that celebrity CEOs are likely to utilize CSR to strategically manage their impressions.
View Article and Find Full Text PDFThe impact of the centralized volume-based procurement policy on Chinese pharmaceutical manufacturing firms' R&D investment: A difference-in-differences approach.
PLoS One
January 2025
School of Economics and Management, Tongji University, Shanghai, China.
Article Synopsis
- Centralized drug procurement, like China's 2018 CVBP, aims to ease healthcare costs and enhance the pharmaceutical industry.
- Research on the impact of this procurement method shows it significantly boosts R&D investment among pharmaceutical firms, especially those with high marketing expenses.
- The study utilizes data from listed firms in China's A-share market, confirming the findings through various robust testing methods, thus offering valuable insights for governments and firms on fostering innovation.
New path to green transformation: Exploring the impact of corporate governance on environmental information disclosure quality of new energy companies.
J Environ Manage
January 2025
Department of Economics, University of Oxford, OX1 3UQ, Oxford, United Kingdom. Electronic address:
An essential aspect of improving market openness, fostering investor trust, and allowing the establishment and implementation of sustainable development policies lies in enhancing the disclosure quality of new energy firms. This study examines the influence of corporate governance on the disclosure quality of new energy companies listed on the Chinese A-share market. The analysis is conducted using a two-way fixed-effects model and particularly focuses on the role of green transformation in this relationship.
View Article and Find Full Text PDFInternal audit quality and accounting information comparability: Evidence from China.
PLoS One
October 2024
School of Business, Central University of Finance and Economics, Beijing, China.
This study employs the impact and mechanism of internal audit quality on the comparability of corporate accounting information. Using manually collected internal audit data, the study focuses on non-financial listed companies of A-share market spanning from 2007 to 2022 in China. The findings are as follows: (1) Internal audit significantly enhances the comparability of accounting information, the higher the quality of internal audit, the more pronounced its contribution.
View Article and Find Full Text PDFRevolutionizing pharmaceutical innovation: Unveiling the impact of endogenous knowledge spillover in China.
PLoS One
September 2024
College of Economics and Management, Shanghai Ocean University, Shanghai, China.
Modern medical technology innovation is a critical safeguard for human health, while a significant number of developing nations are confronted with the challenge of biopharmaceutical technological advancement. To investigate the possible routes of technological advancement, we investigated the impact of the endogenous knowledge spillover effect on firm innovation endeavors. Our research involves a theoretical two-stage R&D game model that is built around the characteristics of pharmaceutical organizations.
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