This study examines market and future-level sentiment in the Chinese agricultural futures market, distinguishing between contagious and idiosyncratic sentiment. Our analysis reveals that agricultural future-level sentiment is significantly affected by market-level sentiment and domestic stock...

The national independent innovation demonstration zone (NIIDZ) is an independent innovation policy that plays a crucial role in implementing strategies. Given the importance of the NIIDZ, this study uses panel data of 278 prefecture-level cities in China from 2006 to 2020 and empirically...

Using exogenous shocks on the ability to issue seasoned equity offerings (SEOs), we show SEOs lead to a higher employee skill composition, i.e., a lower (higher) proportion of low (high) skilled workers. Low-skilled workers decrease more than high-skilled workers increase, leading to lower...