Na Shen

Hong Kong Shue Yan University | HKSYU · department of business administration

Family business succession is a vital issue in corporate finance and management. Drawing from corporate governance perspective in finance and socio-emotional wealth approach in management, this paper reveals the interesting relationship between religion and family business succession intention. Using nationwide family firm survey data, we find that...

The relationship between diversification and firm performance varies among institutions and over time. Less is known about the advantageousness of diversification in economy-wide crises, which have occurred frequently in recent years. Using data on nearly 4000 Chinese private companies, we found that diversified firms performed better than focused...

Using organizational flexibility as a research lens, we investigate how private firms, especially SMEs, in China cope with the 2008 financial crisis. Testing data from a large sample of private firms (N=3,459) by difference-indifferences analysis, we find that firms with industrial diversification, geographic expansion and political connections per...

In this study, we explore the relationship between political connections and corporate diversification in China. We find that the diversification level of politically connected firms is significantly higher than that of non-politically connected firms. We further find that the relationship is stronger in non-state-owned enterprises and in areas in...

This study analyzes consumer rationality/irrationality and financial literacy in the credit card market. Through literature review, it reveals that consumers, as a whole, make a rational decision when they borrow using a credit card and bear the high interest rate. However, consumers make various mistakes in their individual financial decisions and...

We examine a private firm’s borrowing behavior from Internet finance and other financial channels, including banks, small financial institutions, and private lending, in all provinces of China from 2013 to 2015. We seek answers to two questions: Does the development of internet finance facilitate private firms to borrow more and cheaply from intern...

Intangible assets are becoming increasingly important to firms. However, the question of how firms can realize the full potential of intangible assets remains. We propose that corporate social responsibility (CSR) can help a company create value from intangible assets for two reasons. First, firms invest in CSR to increase employee loyalty, which i...

The use of the credit card is one of the most popular payment methods and the most convenient sources of finance all over the world. In the last 30 years, enormous technological changes, such as the introduction of the ATM and e-banking, have allowed the rapid development of credit card use. According to the earnings report of Visa Inc. (http://inv...