Investor-initiated online communications and corporate misconduct

IF 8.2 2区管理学 Q1 COMPUTER SCIENCE, INFORMATION SYSTEMS

Information & Management Pub Date : 2025-05-17 DOI:10.1016/j.im.2025.104183

Lawrence Kryzanowski , Mingyang Li , Sheng Xu , Jie Zhang

引用次数: 0

Abstract

China’s stock exchanges launched regulated, interactive investor platforms in 2010 and 2013 to empower retail investors. Investor-initiated interactive communications on these platforms are negatively associated with the propensity of corporate misconduct. The identified effect is associated with the information asymmetry channel, but not with various potential confounding factors. The interactive investor platforms serve as important monitors of corporate misconduct, which could be adopted by other regulatory jurisdictions.

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投资者发起的在线交流和企业不当行为

中国证券交易所在2010年和2013年推出了受监管的互动投资者平台，以增强散户投资者的权能。在这些平台上，投资者发起的互动沟通与企业不当行为的倾向呈负相关。识别的效果与信息不对称渠道有关，但与各种潜在的混杂因素无关。互动式投资者平台是对企业不当行为的重要监督，其他监管管辖区可以采用。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Information & Management 工程技术-计算机：信息系统

CiteScore

17.90

自引率

6.10%

发文量

123

审稿时长

1 months

期刊介绍： Information & Management is a publication that caters to researchers in the field of information systems as well as managers, professionals, administrators, and senior executives involved in designing, implementing, and managing Information Systems Applications.