Media coverage and financial restatements: evidence from China

Alkebsee, Radwan Hussien; Habib, Ahsan

doi:10.1108/ara-05-2021-0092

Cited by 4 publications

(1 citation statement)

References 77 publications

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“…Internal control (IC) environment: To examine the moderating effect of IC environment, we follow Alkebsee and Habib (2021) and adopt the DIB Internal Control and Risk Management index, which is constructed by DIB Enterprise Risk Management Technology Co., Ltd. This database is constructed based on five dimensions of IC: financial reporting quality, operational efficiency, asset safety, IC strategies and legal compliance.…”

Section: Methodsmentioning

confidence: 99%

Green innovation and the cost of equity: evidence from China

Alkebsee

Habib

2023

CAFR

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PurposeThis paper aims to examine the association between green innovation and the cost of equity in China. This study relies on the investors’ base perspective and shareholders’ perceived risk perspective to investigate the relation between green innovation and the cost of equity in China.Design/methodology/approachThe paper uses firm fixed effects regression for a sample of Chinese public companies for the period 2008–2018.FindingsThe authors find a negative relationship between green innovation and the cost of equity capital. This negative association is found to be more pronounced for less financially constrained firms, during periods of high economic policy uncertainty, and for firms with a strong internal control environment. Finally, the paper shows that the negative association became more pronounced after the passage of the Environmental Protection Law of China in 2012. The results remain robust to possible endogeneity concerns.Originality/valueThis study contributes to the green innovation literature by documenting that shareholders favorably view firms implementing green innovation policies. The study also has policy implications for Chinese regulators in improving the green credit policy.

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Section: Methodsmentioning

confidence: 99%

Green innovation and the cost of equity: evidence from China

Alkebsee

Habib

2023

CAFR

Self Cite

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Exploring the relationship between corporate ESG performance and corporate violation: Based on the fraud triangle theory

Wang,

Chen,

Wang

2024

Corp Soc Responsibility Env

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Enterprises should strive for sustainable development since it is a vital component of the economy. Sustainable development serves as a safeguard against elements that might negatively impact the future development of their companies. This article aims to explore the influence of corporate environmental, social, and governance (ESG) performance on corporate violation using Chinese A‐share listed firms as a sample. We discover that corporate ESG performance considerably discourages corporate violation behavior, reducing the risk of corporate violations. Based on the fraud triangle theory, we also show that corporate ESG performance reduces the opportunity of corporate violations by improving information transparency, reduces the pressure of corporate violations by alleviating financing constraints, and reduces the rationalization of corporate violations by increasing media attention. By examining particular corporate violations, we document that corporate ESG performance is more effective for disclosure violations and general violations in corporate governance. Further analysis shows that corporate ESG performance has a considerable impact on companies in nonstate‐owned and small‐company subsamples. These results add to the literature and provide theoretical insights for governors, regulators, company executives, auditors, and other stakeholders.

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The impact of feminism‐related public discussions on the promotion of female senior executives: evidence from China

Liu

2024

Asian-Pac Economic Lit

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Using panel data of the A‐share listed firms in China from 2015 to 2021, this article studies the impact of feminism‐related public discussions on the promotion of female senior executives. Empirical results find that feminism‐related public discussion can push firms to increase the ratio of female senior executives. Further research finds that the effect is more significant in firms whose chairmen are male, firms that are not state‐owned enterprises, and firms whose employees are better educated. In addition, economic consequences tests show that when the public pays more attention to feminism, a high ratio of female senior executives can contribute to improving firm value. The findings in this article can be conducive to understanding the influence of public opinion on female career development and firms' decision‐making.

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Media coverage and financial restatements: evidence from China

Cited by 4 publications

References 77 publications

Green innovation and the cost of equity: evidence from China

Green innovation and the cost of equity: evidence from China

Exploring the relationship between corporate ESG performance and corporate violation: Based on the fraud triangle theory

The impact of feminism‐related public discussions on the promotion of female senior executives: evidence from China

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