ORCID Profile
0000-0002-5544-3648
Current Organisation
University of Sydney
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Publisher: Elsevier BV
Date: 05-2020
Publisher: Springer Science and Business Media LLC
Date: 02-04-2019
Publisher: Elsevier BV
Date: 06-2015
Publisher: Elsevier BV
Date: 06-2018
Publisher: Wiley
Date: 09-08-2023
DOI: 10.1002/BSE.3528
Abstract: This study evaluates the relative importance of regulative and reputational pressures on corporate environmental performance by exploiting a novel research setting in China, where the financial penalties for corporate environmental wrongdoing are small. Despite the small monetary penalties, we still document a surprisingly strong negative stock price reaction to the news of corporate environmental violations. Additionally, we show that the negative stock market reaction weakens in firms with strong voluntary environmental commitment. But the effect of voluntary environmental commitment is less pronounced in state‐ or foreign‐owned firms. Our study yields important managerial implications: our findings reveal considerable reputational losses associated with environmental misconducts and demonstrate the benefit of voluntary environmental commitment in upholding corporate reputation and helping firms recover during unfavorable environmental crises.
Publisher: Elsevier BV
Date: 04-2020
Publisher: MDPI AG
Date: 06-01-2021
DOI: 10.3390/SU13020478
Abstract: In response to the rapid development of green finance, this study evaluates a systematic literature survey with a focus on the determinants and the potential benefits of corporate engagement in environmentally responsible practices in the context of green bonds and green loans. We show that research has discovered that environmentally responsible practices not only enhance shareholder value but also the value accrued to nonfinancial stakeholders. Further, we provide an updated overview of research developments in relation to green bonds and syndicated loans. Lastly, we discuss the limitations in the nascent green finance research and propose new lines of research supporting our aim of advancing our knowledge of sustainable investments.
Publisher: Wiley
Date: 03-10-2017
DOI: 10.1111/IRFI.12156
Publisher: Wiley
Date: 23-11-2011
Publisher: Wiley
Date: 12-04-2021
DOI: 10.1111/ACFI.12793
Abstract: Building on the short‐term nature of interim CEO contracts, this paper examines the effect of interim CEO appointment on corporate long‐term investment measured by a firm’s R& D spending. We find robust evidence that the corporate R& D investment level is significantly lower during the interim CEO appointment period. The negative association between R& D investments and the interim CEO appointment is most pronounced when interim CEOs exhibit a myopic tendency. The primary findings disappear in the subs le of state‐owned companies, highlighting the bright side of state ownership in ameliorating managerial myopia. Finally, we document that appointing an interim CEO is costly for shareholders in the short run as well as in the long run.
Publisher: Oxford University Press (OUP)
Date: 08-10-2015
DOI: 10.1093/ROF/RFV048
Publisher: SAGE Publications
Date: 02-2016
Abstract: Investigating ASX300 firms for the period 2002–2010, we find that the information content of director trading has a negative relationship with post-trade information asymmetry, but a positive relationship with information efficiency. These results are mainly driven by director purchases rather than their sales, and are stronger in non-executive director trading. Our results are robust to the adoption of IFRS in 2005 and the global financial crisis in 2008. These findings back the claims of insider trading proponents, by showing that director trading plays a crucial role in reducing information asymmetry and in improving information efficiency for stock market participants.
Publisher: Wiley
Date: 13-03-2023
DOI: 10.1111/ACFI.13079
Abstract: This study documents a significant and positive impact of country‐level environmental, social and governance (ESG) improvement on economic growth using an international s le of 109 countries through improving energy efficiency, promoting human‐capital accumulation and attracting foreign investments. The economic benefits of country‐level ESG improvement are robust after alleviating possible endogeneity concerns. Further analysis shows that the positive influence of country ESG performance on economic growth is most pronounced in high‐income countries and for high‐greenhouse gas emitters but weaker in countries whose national income relies on natural resources. Our findings provide policy implications for promoting sustainable economic growth.
Publisher: Elsevier BV
Date: 09-2020
Publisher: Wiley
Date: 12-2017
DOI: 10.1111/ACFI.12355
Publisher: Wiley
Date: 03-11-2015
Publisher: Elsevier BV
Date: 09-2010
Publisher: Elsevier BV
Date: 09-2020
Publisher: Elsevier BV
Date: 10-2018
Publisher: Elsevier BV
Date: 03-2021
No related grants have been discovered for Jing Yu.