... that corporate information risk (proxied by analyst forecast dispersion and discretionary accruals), and credit risk (proxied by lower Z-scores and credit rating downgrades) increase after firms experience vetoes. Heterogeneity analyses reveal stronger adverse effects of vetoes for firms without ties to the Big...

...Fadzlan Sufian Purpose The purpose of this paper is to provide new empirical evidence on the impact of credit risk on China banks' total factor productivity. Design/methodology/approach The paper employs the Malmquist Productivity Index (MPI) which allows for the examination of five different...