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Sponsored Design Multi-Agent AI Systems Using MCP and A2A: Engineer your own Pyt Design Multi-Agent AI Systems Using MCP and A2A: Engineer your own Pyt

Author

Hao Ren

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2 papers indexed here

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Open access Sep 2026

Does the Establishment of a Personal Data Protection System Reduce Stock Price Synchronicity?

Using panel data on Chinese A‐share listed firms from 2016 to 2023, we investigate whether the establishment of a personal data protection system (PDPS) influences stock price synchronicity. We propose a precision‐cost trade‐off framework: PDPS may raise synchronicity by increasing compliance costs or lower it by imp...

Wan-Yi Chen, Ying Wang, Hao Ren · 0 citations
Open access Aug 2026

Big Brother or Good Steward? Earnings Management and the Disclosure of Personal Data Protection Systems

Using a sample of Chinese listed firms from 2009 to 2024, we examine whether voluntary disclosure of personal data protection systems (PDPS) is associated with earnings management. We document a moral licensing effect; that is, firms with higher PDPS disclosure engage in more real earnings management (REM). Specificall...

Wan-Yi Chen, Hao Ren · 0 citations

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