Annual Conference

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Accounting

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May 2024

The Effect of Mandatory Carbon Disclosure Along Global Supply Chains

Jin DENG, Mingyi HUNG, Shiheng WANG
We examine whether and how mandatory carbon disclosure affects the transmission of carbon emissions through a firm’s global supply chain. Our analysis uses the 2013 UK carbon disclosure regulation that requires the reporting of Scopes 1 and 2 emissions (from firms’ own activities and purchased e...
Keywords: Mandatory carbon disclosure, Supply chains, Greenhouse gas emissions
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Annual Conference

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Sustainable and Green Finance

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May 2024

The Effect of Carbon Pricing on Firm Performance

Tinghua DUAN, Frank Weikai LI, Hong ZHANG
Carbon pricing is considered as one of the most cost-effective ways to reduce carbon emissions. However, a major block to pricing carbon pollution is the concern about the economic costs. This paper examines the impacts of carbon pricing initiatives on the operating performance and market value of p...
Keywords: Climate change, carbon pricing, carbon tax, emission trading systems, carbon premium, distributional effects
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Annual Conference

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Accounting, Senior Fellows/Fellows

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May 2016

The effect of anti-corruption campaign on shareholder value in a weak institutional environment: Evidence from China

Bin KE, Na LIU, Song TANG
We examine the impact of Chinese President Xi Jinping’s anti-corruption campaign on shareholder value of publicly listed Chinese firms. We find that the anticorruption campaign reduces the profitability of the firms that sell luxury goods and services. The anti-corruption campaign helps reduce exc...
Keywords: China, anti-corruption regulation, SOE, firm performance, event study
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Annual Conference

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Accounting

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May 2019

The effect of accounting for income tax uncertainty on tax-deductible loss accruals for private insurers

Travis CHOW, Jeffrey NG, Jiang CHENG, Tzu-Ting LIN
Little is known about the effects of accounting regulation on private insurers. In this paper, we examine the uniqueness of the tax deductibility of insurers' loss accruals. We find that private insurers' overstatement of loss accruals in tax planning significantly decreases after adoption of the St...
Keywords: Loss provisions, Corporate taxation, Insurance companies, SSAP 101
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Annual Conference

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Investment Finance

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May 2023

The Economics of Mutual Fund Marketing

Wenxi JIANG, Jane CHEN, Mindy Xiaolan ZHANG
We uncover a significant relationship between the persistence of marketing employment strategy and fund performance in the U.S. mutual fund industry. Using regulatory filings, we show a large heterogeneity in fund companies’ marketing employment share, which refers to the fraction of employees dev...
Keywords: Marketing Employment Share, Persistence Marketing, Bayesian Persuasion, Costly Learning
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