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Open access Sep 2026

Abnormal Innovation Disclosure and the Cost of Equity Financing: Unpacking the Sentiment-Driven Mechanism and Asymmetric External Governance

Abnormal innovation disclosure may reflect both genuine signaling and opportunistic impression management, yet its capital-market consequences remain debated. Drawing on innovation-related textual data of Chinese A-share-listed firms from 2014 to 2024, this study examines the sentiment-driven mechanism linking abnormal...

Shan-Shan Zheng, Rui Zhang, Na Gao et al. · 0 citations

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