Bohui Zhang

TL;DR: This article examined the effect of foreign institutional investors on firm innovation and found that foreign institutional ownership has a positive, causal effect on the firm innovation in 26 non-U.S. economies between 2000 and 2010.

TL;DR: The authors examined the effect of foreign institutional investors on firm innovation and found that foreign institutional ownership has a positive, causal effect on firms' innovation, and explored three possible underlying mechanisms through which foreign institutions affect firm innovation: foreign institutions act as active monitors, provide insurance for firm managers against innovation failures, and promote knowledge spillovers from high-innovation economies.

TL;DR: In this article, the authors investigate whether the media plays a role in corporate governance by disseminating news and find support for three economic mechanisms underlying the disciplining effect of news dissemination: the reduction of information asymmetry, concerns regarding litigation risk and the impact on insiders' personal wealth and reputation.

TL;DR: In this paper, the authors hypothesize that short selling has a disciplining role vis-a-vis firm managers that forces them to reduce earnings management, and they find a significantly negative relationship between the threat of short selling and earnings management.

TL;DR: In this paper, the authors hypothesize that short selling has a disciplining role vis-a-vis firm managers that forces them to reduce earnings management, and they find a significantly negative relationship between the threat of short selling and earnings management.