References
- Bryk, A. S., and S. Raudenbush. 1992. Hierarchical Linear Models: Applications and Data Analysis Methods. Newbury Park: Sage Publications. doi:10.1016/S0272-7757(97)80188-4.
- Cao, C., B. Liang, A. W. Lo, and L. Petrasek. 2018. “Hedge Fund Holdings and Stock Market Efficiency.” The Review of Asset Pricing Studies 8 (1): 77–116. doi:10.1093/rapstu/rax015.
- Chen, X., J. Harford, and K. Li. 2007. “Monitoring: Which Institutions Matter?” Journal of Financial Economics 86 (2): 279–305. doi:10.1016/j.jfineco.2006.09.005.
- Choi, D., C. Y. Chung, C. Park, and J. Young. 2019. “Sustainable Board of Directors: Evidence from the Research Productivity of Professors Serving on Boards in the Korean Market.” Sustainability 11 (15): art. 4247. doi:10.3390/su11154247.
- Chou, J., L. Ng, and Q. Wang. 2011. “Are Better Governed Funds Better Monitors?” Journal of Corporate Finance 17 (5): 1254–1271. doi:10.1016/j.jcorpfin.2011.06.008.
- Cox, D. R. 1972. “Regression Models and Life-tables.” Journal of the Royal Statistical Society 34 (2): 187–220. doi:10.1007/978-1-4612-4380-9_37.
- Grinblatt, M., and S. Titman. 1989. “Mutual Fund Performance: An Analysis of Quarterly Portfolio Holdings.” The Journal of Business 62 (3): 393–416. doi:10.1086/296468.
- Grinblatt, M., S. Titman, and R. Wermers. 1995. “Momentum Investment Strategies, Portfolio Performance, and Herding: A Study of Mutual Fund Behavior.” The American Economic Review 85 (5): 1088–1105.
- Guercio, D. D., and J. Hawkins. 1999. “The Motivation and Impact of Pension Fund Activism.” Journal of Financial Economics 52 (3): 293–340. doi:10.1016/S0304-405X(99)00011-2.
- Hoque, H., and S. Mu. 2019. “Partial Private Sector Oversight in China’s A-share IPO Market: An Empirical Study of the Sponsorship System.” Journal of Corporate Finance 56: 15–37. doi:10.1016/j.jcorpfin.2019.01.002.
- Huddart, S. 1993. “The Effect of a Large Shareholder on Corporate Value.” Management Science 39 (11): 1407–1421. doi:10.1287/mnsc.39.11.1407.
- Jiang, H., A. Habib, and S. Wang. 2018. “Real Earnings Management, Institutional Environment, and Future Operating Performance: An International Study.” The International Journal of Accounting 53 (1): 33–53. doi:10.1016/j.intacc.2018.02.004.
- Lei, Q. H., H. L. Chen, and Z. T. Liang. 2019. “Large Shareholders’ Shareholding and Earnings’ Longitudinal Persistence.” Applied Economics Letters 26 (15): 1294–1300. doi:10.1080/13504851.2018.1558328.
- Ma, M. 2021. “The Impact of Fund Holdings on the Real Activities Earnings Management.” E3S Web of Conferences 235: art. 3024. doi:10.1051/e3sconf/202123503024.
- Park, B. 2021. “Corporate Social and Financial Performance: The Role of Firm Life Cycle in Business Groups.” Sustainability 13 (13): art. 7445. doi:10.3390/su13137445.
- Richardson, S., R. Sloan, M. Soliman, and I. Tuna. 2005. “Accrual Reliability, Earnings Persistence and Stock Prices.” Journal of Accounting and Economics 39 (3): 437–485. doi:10.1016/j.jacceco.2005.04.005.
- Sloan, R. G. 1996. “Do Stock Prices Fully Reflect Information in Accruals and Cash Flows about Future Earnings?” The Accounting Review 71 (3): 289–315. http://www.jstor.org/stable/248290.
- Tran, H. T. 2021. “The Link between Independent Directors and Firm’s Performance: The Moderating Role of Corporate Social Responsibility.” Corporate Governance: The International Journal of Business in Society 21 (5): 831–844. doi:10.1108/CG-05-2020-0176.
- Xie, H. 2001. “The Mispricing of Abnormal Accruals.” The Accounting Review 76 (3): 357–373. doi:10.2308/accr.2001.76.3.357.
- Zhang, D., and P. Du. 2020. “How China ‘Going Green’ Impacts Corporate Performance.” Journal of Cleaner Production 258: art. 120604. doi:10.1016/j.jclepro.2020.120604.
- Zhu, S., and H. Jiao. 2013. “Organizational Structure and Corporate Performance: Insights from 6,065 Listed Corporations.” Chinese Management Studies 7 (4): 535–556.