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

| F270

Private Placement, Contract Characteristics and Shareholders’ Embezzlement of Funds

Using firm-level data of Shanghai and Shenzhen A-share listed companies of private placement in China from 2007 to 2017, this paper examines the effects of private placement and the differ...

First published at: Jun 01, 2020

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doi:10.16538/j.cnki.fem.20191210.003

Foreign Economics & Management, Vol. 42, Issue 06, pp. 126 - 138

| F270

Does Prospectus Readability Affect IPO Underpricing?

Zhou Baicheng, Zhou Kuo

This paper takes 822 prospectuses as the textual analysis object, and constructs the readability index of Chinese financial text. From the perspectives of impression management and informa...

First published at: Mar 01, 2020

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doi:10.16538/j.cnki.fem.20190926.002

Foreign Economics & Management, Vol. 42, Issue 03, pp. 104 - 117,135

公司财务 | F270

Investor Sentiment and Industrial Structure Upgrading: Based on the Perspectives of “Investment and Financing Effect” and “Signal Effect”

Li Linbo, Liu Weiqi

In our main analyses, we use two hypotheses to examine the effect of investor sentiment on industrial upgrading. The first is the investment and financing hypothesis, which is synthesized ...

First published at: Feb 01, 2020

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doi:10.16538/j.cnki.fem.20190816.002

Foreign Economics & Management, Vol. 42, Issue 02, pp. 111 - 123

公司财务 | F270

The Effect of Promotion on the Value of Excess Cash Holdings: Evidence from SOEs in China

Liu Meng, Zhang Chenyu, Ye Chengang, et al

On the basis of the optimal sequence financing theory and the agency theory, this paper examines how external investors react to the promotion incentive behavior of SOE executives from the...

First published at: Feb 01, 2020

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doi:10.16538/j.cnki.fem.20191225.002

Foreign Economics & Management, Vol. 42, Issue 02, pp. 97 - 110

公司财务 | F270

Can the Relaxation of Short Selling Constraint Improve Firms’ Labor Investment Efficiency?

Chu Jian, Fang Junxiong

In the context of China’s economic development having entered the new normal, it has become an important task to improve the efficiency of enterprise human capital allocation to deep...

First published at: Feb 01, 2020

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doi:10.16538/j.cnki.fem.20190703.002

Foreign Economics & Management, Vol. 42, Issue 02, pp. 84 - 96

| F270

A Research on the Role of Signature Auditor Partners’ Stability in the Use of Media Reports

Bi Xiuling, Liu Jie, Ai Qiang

Based on analyzing the different effects of different media reports on audit opinions and the role of signature auditor partners’ stability in the use of media reports, we find out that t...

First published at: Nov 01, 2019

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doi:10.16538/j.cnki.fem.20190703.001

Foreign Economics & Management, Vol. 41, Issue 11, pp. 28 - 40

| F270

Media Experience of Corporate Managers, Media Coverage and First-Day IPO Performance

Yi Zhigao, Zhu Ting, Pan Zhen, et al

This paper takes Shanghai and Shenzhen A-share IPOs from 2009 to 2016 as samples, focusing on the possible impact of executive media experience on corporate media coverage during the IPO p...

First published at: Nov 01, 2019

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doi:10.16538/j.cnki.fem.20190911.002

Foreign Economics & Management, Vol. 41, Issue 11, pp. 15 - 27

| F270

CEOs’ Educated Youth Experience and Corporate Mergers and Acquisitions Premium: An Empirical Study Based on the Branding Theory

Zeng Chunying, Mao Ning, Yi Zhigao

This study extends the strategic decision of the company to the historical research field. By collecting and sorting out the mergers and acquisitions events of Chinese listed companies fro...

First published at: Nov 01, 2019

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doi:10.16538/j.cnki.fem.20190911.001

Foreign Economics & Management, Vol. 41, Issue 11, pp. 3 - 14

| F270

Cross-industry Real Estate Business Operating and Enterprise Performance: Supplement or Detriment

Wang Fang, Yao Lingzhen, Liu Xia

As economic growth slows down in China, many real enterprises have begun to operate real estate in order to improve their performance. The real estate industry presents a high profit level...

First published at: Oct 01, 2019

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doi:10.16538/j.cnki.fem.20190813.001

Foreign Economics & Management, Vol. 41, Issue 10, pp. 60 - 73

| F270

Economic Policy Uncertainty and Firm Cost Stickiness: An Empirical Test of Chinese A-listed Firms

Wang Jinghua, Mao Ning

We try to explore the influencing factors of firm cost stickiness in a novel view. Based on the sample of Chinese A-listed firms with period of 1999-2016, this paper investigates the relat...

First published at: Oct 01, 2019

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doi:10.16538/j.cnki.fem.20190620.001

Foreign Economics & Management, Vol. 41, Issue 10, pp. 45 - 59