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Dongxiao Shen's Outputs (3)

The impact of superstition on corporate tax avoidance: How do CEOs trade off risks associated with tax avoidance? (2024)
Journal Article
He, G., & Shen, D. (online). The impact of superstition on corporate tax avoidance: How do CEOs trade off risks associated with tax avoidance?. Journal of Accounting Literature, https://doi.org/10.1108/JAL-02-2024-0020

Purpose
We examine how superstition shapes corporate tax avoidance and do so by taking a risk perspective and focusing on the zodiac-year belief prevalent in China.

Design/methodology/approach
We adopt a difference-in-differences research desig... Read More about The impact of superstition on corporate tax avoidance: How do CEOs trade off risks associated with tax avoidance?.

How to make long-term investments in a stock market? A generic strategy for investors (2024)
Journal Article
He, G., Li, Z., & Shen, D. (2024). How to make long-term investments in a stock market? A generic strategy for investors. Review of Pacific Basin Financial Markets and Policies, 27(1), Article 2450002. https://doi.org/10.1142/S0219091524500024

Against the backdrop of increasingly fierce industrial competition nowadays, firms tend to have substantive business risk and/or information risk, increasing the estimation risk and limit of arbitrage for investors in their short-term investments in... Read More about How to make long-term investments in a stock market? A generic strategy for investors.

The role of earnings management in equity valuation (2021)
Book Chapter
He, G., Li, Z., & Shen, D. (2022). The role of earnings management in equity valuation. In C. Lee, & A. Lee (Eds.), Encyclopedia of Finance (2061-2094). (3rd edition). Springer Nature. https://doi.org/10.1007/978-3-030-73443-5_90-1

The intrinsic value of a firm’s equity is determined by the present value of future payoffs to equity-holders. Thus, to estimate equity value, one needs to identify and process a series of information that is relevant to the present value of expected... Read More about The role of earnings management in equity valuation.