This study investigates the relation between managerial overconfidence and earnings management and whether this relation is moderated by family control. Using a sample of Taiwan-listed firms, we estimate managerial overconfidence from manager dealings and determine the following: First, overconfident managers are more likely to engage in earnings management behaviors; second, family control negatively moderates the positive relation between managerial overconfidence and earnings management; and third, the negative moderating effects of family control primarily result from family chief executive officers.

This paper examines the effect of the anti-corruption campaign on the investment behavior of Chinese politically connected firms between 2007and 2016. The results indicate that the campaign impacts on the investment expenditures and investment efficiency of Chinese listed firms. Compared with the precampaign period, all types of politically connected firms experience an obvious reduction in investment expenditures and SOEs controlled by local governments and Non-SOEs face enhanced investment efficiency after the campaign. Further analysis shows that it is mainly due to the mitigation of underinvestment for SOEs controlled by local governments and the alleviation of both over-investment and underinvestment for Non-SOEs.

The objectives of this research is to investigate the effects on participation of corporate governance, corporate governance on financial performance and social performance, financial performance on social performance in MFI community empowerment programs. This is explanatory research with a quantitative method. The data were collected from 75 MFi. Data analysis used WarpPLS. Results of the study showed that corporate governance impact affect positively significant to participation, corporate governance affect negatively significant to the financial and social performance, participation affect negatively significant to the financial performance and social performance and financial performance positive significant effect on financial performance, this shows that there is no trade-off between financial sustainability and the social mission of MFi.