Woody Wu

TL;DR: Li et al. as discussed by the authors investigated whether and how the corporate performance of listed Chinese firms is affected by their shareholding structure, and they found that firm performance is positively related to the proportion of LP shares but negatively related to shares owned by the state.

TL;DR: Li et al. as mentioned in this paper examined the relation between firm performance and the timing of annual report releases in an emerging capital market and found that good news firms release their annual reports earlier than bad news firms, and loss firms release the latest.

TL;DR: Li et al. as mentioned in this paper investigated the relative and incremental information content of earnings, operating cash flows, and accruals in the emerging capital market of China and showed that earnings have greater persistence and predictability than operating cash flow.

TL;DR: In this paper, the authors draw on the investor protection literature to identify structural factors in a country's information environment that are likely to explain cross-country differences in the extent to which future earnings information is capitalized in current stock returns.

TL;DR: Empirical evidence is provided in support of the advantage of the EDGAR system over the previous paper filing system in disseminating information to investors in a timely fashion.