This paper examines how Chinese policy banks responded to China's Belt Road Initiative (BRI) using transaction-level international syndicated loan data. Employing a difference-in-differences (DID) estimation, we show that Chinese policy banks increased aggregate lending (number of loans and loan...

Currently, the research agenda of energy transition is gaining momentum. This paper conducts a comprehensive review of this body of research by presenting a framework that describes the connotations, mechanisms, and effects of energy transitions. The study concludes that the energy transition...