This study investigates the effects of CEO hometown ties on corporate tax avoidance. The results show that CEO hometown ties to local government officials have a significantly positive impact on tax avoidance for private firms in China. We also find that the hometown ties effect is more pronounced in cities with weak public governance and in cities whose municipal Party committee secretaries are promoted from the same city, whereas the effect is weak in cities whose municipal Party committee secretaries are transferred from other places. In summary, our results suggest that hometown ties as an important political resource can facilitate connected private firms to obtain more economic resources from government.

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Executive characteristics have a significant impact on corporate decision-making, corporate sustainable behavior, and stock market performance, which may influence the corporations’ sustainable development in the long run. The role of returnee talents in the corporate sustainable development has received extensive academic attention. Using data of Chinese A-share listed companies over the period of 2008–2018, we find that there is a negative relationship between executives’ foreign experience and stock price synchronicity. We also prove that corporate social responsibility (CSR) has a significant mediating effect on the relationship between returnee executives and stock price synchronicity. The returnee executives tend to pursue long-term sustainable activities and improve CSR engagement quality, thereby reducing stock price synchronicity. Our extended analysis reveals that the benefit of returnee executives is more pronounced for non-SOEs and for firms located in regions with a low degree of marketization. This study has some implications for the Chinese firms in relation to their CSR information disclosure behavior, and it gives suggestions to strengthen capital market efficiency for the sustainable development of corporations.

Purpose – This study aims to analyze, through empirical analysis, how the characteristics of TikTok's content, such as informativeness, entertainment, and empathy, affect the reliability and purchase intention of Korean products directly targeting Chinese consumers. Design/Methodology/Approach – The survey for this study targeted Chinese consumers that had placed an order using TikTok. The questionnaire was completed through Yunju Anxin, a highly reliable online survey company in China, and the questionnaire was sent only through SNS from July 1, 2022 to July 6, 2022. As a result, a total of 518 questionnaire responses were collected, and a total of 512 valid questionnaires were collected by removing questionnaires with missing values ​​and questionnaires judged to be significantly less reliable. Findings – In information, empathy, and entertainment factors, consumer trust, and consumer purchase intention were found to be statistically significant at the significance level of 0.000. In other words, as a result of multiple regression analysis, it was found that all three variables of information, empathy, and entertainment had a significant effect on the reliability of Korean products and consumer purchase intention. Research Implications – It was confirmed that the TikTok marketing of Korean products is an important factor influencing consumer purchase intentions, as in the results of previous studies. TikTok marketing should be operated strategically by utilizing the fact that information, sympathy, and entertainment, which are characteristics of TikTok content, have great influence on product marketing and consumer purchase intention.

Supply chain information disclosure is a vital factor for corporate investment efficiency and can signal a corporation’s long-term sustainable development. However, little attention has been paid to its significance. In this paper, we investigate how supply chain information disclosure affects corporate investment decisions. Using a sample of Chinese-listed firms, we find that firms that disclose nonfinancial information are more likely to have a high level of investment efficiency. We also identify the mechanism underlying the effect by examining the mediating effect of financial constraints and agency costs. Increasing a firm’s supply chain information disclosure can improve its investment efficiency by reducing its financial constraints and agency costs. We further find that this positive impact is more pronounced for non-state-owned enterprises (non-SOEs) and firms located in regions with a high degree of marketization. Our findings imply that supply chain information disclosure plays an important role in corporate investment efficiency and sustainable development. Our study emphasizes the importance of nonfinancial information disclosure, contributing to the literature investigating the role of supply chain management in corporate decision-making on sustainable development.