The global legalization of medical cannabis provides a natural experiment for understanding how institutional change influences innovation in highly regulated industries. This study develops and empirically tests a Contingent Institutional Model of Innovation, which conceptualizes legalization...

Economic growth can bring material prosperity and improvements in public services to a country yet can simultaneously lead to environmental pollution that threatens population health, which has important implications for shaping macro-level policies. Here, we investigate the relationship between...

Against the backdrop of unprecedented global FDI volatility-with flows declining 34.7% in 2020 and a further 12% in 2022-and China experiencing its first sustained capital outflow since reform, with foreign enterprises withdrawing over USD 160 billion in the first three quarters of 2023,...