China Finance Review International: Volume 14 Issue 2

Contagious greenwashing investment

Yutong Sun, Shangrong Jiang, Shouyang Wang

This study explores the contagion of greenwashing strategies among ESG mutual funds. It investigates how the greenwashing behaviors of peer funds within the same family influence…

Reduced interest option pricing for green bonds

Chengli Zheng, Jiayu Jin, Liyan Han

This paper originally proposed the fuzzy option pricing method for green bonds. Based on the requirements of arbitrage equilibrium, this paper draws on Merton's corporate bond…

Use it or lose it: fiscal year-end corporate investment around the world

Yong H. Kim, Bochen Li, Hyun-Han Shin, Wenfeng Wu

It is documented that companies and government agencies in the USA invest more in the fourth fiscal quarter without having higher investment opportunities. While previous studies…

On the prediction of stock price crash risk using textual sentiment of management statement

Xiao Yao, Dongxiao Wu, Zhiyong Li, Haoxiang Xu

Since stock return and volatility matters to investors, this study proposes to incorporate the textual sentiment of annual reports in stock price crash risk prediction.

The integration of real estate investment trust: a wavelet coherency analysis

Nicholas Addai Boamah, Emmanuel Opoku, Stephen Zamore

The study investigates the co-movements amongst real estate investments trust (REITs). This study examines the co-movements between the world and individual countries' REITs and…

Financial inclusion and bank risk-taking nexus: evidence from China

Muhammad Umar, Muhammad Akhtar

This study aims to investigate the relationship between financial inclusion and risk-taking by Chinese banks.

Causal effects of corporate taxes on private firms' earnings management: a regression discontinuity analysis

Gaowen Kong

The authors emphasize the information role of earnings management and how it may be used to “mislead some stakeholders about the underlying economic performance of the company or…

“Work is easy or very tired”: the impact of the heterosexual leadership structure on enterprise innovation investment

Mengjun Huo, Chao Li

Innovation is the most important quality of enterprise management. It is an important and controversial issue whether the heterosexual leadership structure of the chairman and…