ORCID Profile
0000-0001-9344-1582
Current Organisations
Beijing Jiaotong University
,
Tianjin University
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Publisher: Wiley
Date: 10-07-2020
DOI: 10.1111/ACFI.12659
Publisher: Wiley
Date: 17-07-2023
DOI: 10.1111/EUFM.12445
Abstract: Using the implementation of the Environmental Protection Tax (EPT) Law in China as a natural experiment, we explore the impact of environmental tax incentives on corporate environmental engagement. Evidence shows that, after the implementation of the EPT Law, there exists a significant improvement in the environmental performance of firms located in regions with increased EPT rates. However, our results reveal an unintended consequence that this effect is more salient for nonheavy‐polluting companies rather than for heavy polluters that are more targeted by the EPT Law.
Publisher: Wiley
Date: 10-04-2023
DOI: 10.1002/IJFE.2811
Abstract: Using listed firms from 16 heavy pollution industries in China, we show that investor attention can significantly improve the quality of corporate environmental information disclosure. By examining the heterogeneity effects of investor attention under different firm characteristics, locations, and external supervision, we reveal that this improvement effect is more pronounced for smaller firms, state‐owned enterprises, firms with weaker corporate governance, and firms located in China's western regions (regions with poor economic development). We further find that public's attention to environmental issues promotes the investor attention level on firms in heavy pollution industries, thus improving firms' environmental information disclosure quality. Overall, our results emphasize the role of external investor attention on corporate environmental issues.
Publisher: Elsevier BV
Date: 03-2020
Publisher: Elsevier BV
Date: 2021
Publisher: Elsevier BV
Date: 10-2022
Publisher: Elsevier BV
Date: 03-2021
Publisher: Elsevier BV
Date: 06-2021
Publisher: Elsevier BV
Date: 12-2021
Publisher: Springer Science and Business Media LLC
Date: 06-12-2022
Publisher: Wiley
Date: 04-01-2023
Abstract: Uncertainty is inherent in the real world. Faced with Knightian uncertainty caused by many extreme events, this paper focuses on the analysis of corporate opportunistic earnings management behaviour under the unknown unknowns framework. This paper finds that with an increase in market Knightian uncertainty, corporations will significantly adopt both accrual earnings management and real earnings management. More importantly, when compared with upward earnings management, the results indicate that Knightian uncertainty will lead corporations to implement more downward earnings management. Our results are consistent with the big bath theory, which is also verified through the adjustment of non‐recurring profit and loss accounts. To understand the real process of earnings management, we also discuss the strategic choice behaviour of earnings management under different heterogeneous situations.
Publisher: Elsevier BV
Date: 09-2021
Publisher: Elsevier BV
Date: 11-2022
Publisher: Wiley
Date: 08-10-2023
DOI: 10.1111/CORG.12562
Publisher: Elsevier BV
Date: 10-2022
Publisher: Emerald Publishing Limited
Date: 17-06-2019
Publisher: Wiley
Date: 14-05-2023
DOI: 10.1111/ACFI.13102
Abstract: This paper examines the impact of market related events and investor base on the spread of Bitcoin prices between two exchange platforms, Coinbase and Binance. Based on high‐frequency data s les collected from 2019 to 2021, we show how investors from different bases react differently to market related events, which create the price spreads between exchange platforms. We also identify the arbitrage opportunities these spreads create and establish arbitrage strategies for all identified events to exploit the variations in Bitcoin prices traded on both platforms. Findings indicate arbitrage offers profits that are higher overall than holding Bitcoin on either platform.
Publisher: Springer Science and Business Media LLC
Date: 26-06-2021
Publisher: Informa UK Limited
Date: 23-09-1211
Publisher: Elsevier BV
Date: 06-2021
No related grants have been discovered for Feiyang Cheng.