In this study, we investigate the association between financial reporting quality and a firm＇s deviation from its optimal capital structure. We find that a firm＇s deviation from its optimal capital structure is decr...In this study, we investigate the association between financial reporting quality and a firm＇s deviation from its optimal capital structure. We find that a firm＇s deviation from its optimal capital structure is decreasing in financial reporting quality. The results suggest that high-quality financial reporting helps to reduce a firm＇s deviation from its optimal capital structure. In addition, we document that the relationship is intensified in non-SOEs, in which financial reporting quality plays a more crucial role. Furthermore, we find that bank connections diminish the role of financial reporting quality in optimal capital structure. Our results hold when we control for potential endogeneity in financial reporting quality and capital structure decisions. Our study contributes to both financial reporting quality and capital structure literature. We also contribute to the literature on informal contracts in organizational decision-making.展开更多
The Chinese Communist Party （CCP） used sulcu （speaking bitterness） in ideological education movements to teach subaltern women to give voice to their personal narratives of oppression in accordance with Maoist pol...The Chinese Communist Party （CCP） used sulcu （speaking bitterness） in ideological education movements to teach subaltern women to give voice to their personal narratives of oppression in accordance with Maoist political doctrine. Suku is thus a historically specific practice and a culturally specific form of women＇s narrative practice. By listening to and observing the post-Mao suku narrative performance of my grandmother, a retired State-Owned Enterprise （SOE） worker, I show that her suku is a gendered performance, a form of labor that blurs production and reproduction, and a form of embedded personhood; and that suku as a form of narrative persisted through the period of economic reforms, even though its intent and audience became transformed. My kin relationship with this particular suku performance allows an analysis of the impact ofsuku on cross-generational relationships--those between first-generation SOE workers and laid-off SOE workers in former SOE families. Furthermore, I argue that suku can be seen as a form of labor and self-valorization of Chinese women workers discarded in the new economy, and contrary to its original disciplinary purposes, as a form of resistance.展开更多
文摘In this study, we investigate the association between financial reporting quality and a firm＇s deviation from its optimal capital structure. We find that a firm＇s deviation from its optimal capital structure is decreasing in financial reporting quality. The results suggest that high-quality financial reporting helps to reduce a firm＇s deviation from its optimal capital structure. In addition, we document that the relationship is intensified in non-SOEs, in which financial reporting quality plays a more crucial role. Furthermore, we find that bank connections diminish the role of financial reporting quality in optimal capital structure. Our results hold when we control for potential endogeneity in financial reporting quality and capital structure decisions. Our study contributes to both financial reporting quality and capital structure literature. We also contribute to the literature on informal contracts in organizational decision-making.
文摘The Chinese Communist Party （CCP） used sulcu （speaking bitterness） in ideological education movements to teach subaltern women to give voice to their personal narratives of oppression in accordance with Maoist political doctrine. Suku is thus a historically specific practice and a culturally specific form of women＇s narrative practice. By listening to and observing the post-Mao suku narrative performance of my grandmother, a retired State-Owned Enterprise （SOE） worker, I show that her suku is a gendered performance, a form of labor that blurs production and reproduction, and a form of embedded personhood; and that suku as a form of narrative persisted through the period of economic reforms, even though its intent and audience became transformed. My kin relationship with this particular suku performance allows an analysis of the impact ofsuku on cross-generational relationships--those between first-generation SOE workers and laid-off SOE workers in former SOE families. Furthermore, I argue that suku can be seen as a form of labor and self-valorization of Chinese women workers discarded in the new economy, and contrary to its original disciplinary purposes, as a form of resistance.
