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The immortal loyalist: survival and history in the works of Zhang Dai (1597-1680?)
(2015-05) He, Ge
Zhang Dai 3H{§ (1597-1680?)' was a scholar born in the late Ming. After the Ming's collapse, he survived and completed several works, including a private history, essays and poems.
Self-expression in the poetry of Xi Peilan (1762-1831?): negotiating relationships between men and women writers in the mid-Qing China
(2013-05) Choi, Wonjung
In general, it is true that women writers during the Ming and the Qing dynasty were signifieantly more prolific and successful, as compared to the literary activities of women in previous dynasties in Chinese literary history. Xi Peilan was one such prominent female writer who also produced her own anthology, Changzhen ge ji, in the mid-Qing China. Therefore, in this thesis, Xi Peilan and her literary works have been examined in order to have a better insight into the literary works of women writers at that time. Two key areas, personal and societal circumstances, have been focused in order to explore the meaning of Xi Peilan’s literary activities in the context of socio-cultural milieu of the mid-Qing
dynasty. In particular, the interpersonal relationships were critical to understand Xi Peilan’s literary works, as she actively established various relationships with other writers during her life.
CSR contracting and stock price crash risk: International evidence
(2024) Liu, Simeng; Wang, Kun Tracy; Walpola, Sonali; Zhu, Nathan Zhenghang
In this study, we examine whether and how the worldwide integration of corporate social responsibility (CSR) criteria into executive compensation contracts (hereafter, CSR contracting or CSR-based executive compensation) affects a firm's stock price crash risk. Using a comprehensive sample of 42,049 firm-year observations from 53 countries from 2003 to 2019, we find that CSR contracting firms have greater stock price crash risk. This positive association can be attributed to exacerbated managerial bad news hoarding behavior and overinvestment. We further demonstrate that the positive relationship between CSR contracting and crash risk is more pronounced for firms with powerful CEOs, as well as in countries with inferior investor protection and disclosure transparency. Overall, our findings are consistent with the agency cost and managerial power perspective, suggesting that CSR contracting may be exploited by powerful and opportunistic managers as a means of diverting shareholders’ attention and concealing bad financial news. Our findings have implications for both researchers and business practitioners.
Analysts’ Foreign Ancestral Origins and Firms’ Information Environment
(2022) Wang, Kun; Yu, Li
Purpose
The purpose of this study is to examine whether and how analysts’ foreign ancestral origins would have an effect on analysts’ earning forecasts in particular and ultimately on firms’ information environment in general.
Design/methodology/approach
By inferring analysts’ ancestral countries based on their surnames, this study empirically examines whether analysts’ ancestral countries affect their earnings forecast errors.
Findings
Using novel data on analysts’ foreign ancestral origins from more than 110 countries, this study finds that relative to analysts with common American surnames, analysts with common foreign surnames tend to have higher earnings forecast errors. The positive relation between analyst foreign surnames and earnings forecast errors is more likely to be observed for African-American analysts and analysts whose ancestry countries are geographically apart from the USA. In contrast, this study finds that when analysts’ foreign countries of ancestry are aligned with that of the CEOs, analysts exhibit lower earnings forecast errors relative to analysts with common American surnames. More importantly, the results show that firms followed by more analysts with foreign surnames tend to exhibit higher earnings forecast errors.
Originality/value
Taken together, findings of this study are consistent with the conjecture that geographical, social and ethnical proximity between managers and analysts affect firms’ information environment. Therefore, this study contributes to the determinants of analysts’ earnings forecast errors and adds to the literature on firms’ information environment.
Keywords: Analyst, Ancestry, Forecast error, Social network, Information environment
Donor human milk practice in Indonesia: a media content analysis
(2024-09-18) Pramono, Andini; Hikmawati, Alvia