To mitigate global climate change and achieve the targets of the Nationally Determined Contributions (NDCs), the Chinese government implemented a carbon emission trading scheme (ETS) pilot policy in batches. However, there has been no unified consensus at present on whether the ETS pilot policy...

We examine whether firms engage in classification shifting to meet performance targets during mergers and restructuring. Using a sample of listed firms that complete major asset restructuring and sign performance commitment agreements from 2008 to 2019, we find that during the commitment period,...

Information and communication technologies (ICTs) are increasingly seen as integral to the development process. This paper reviews some of the evidence for the link between telecommunications and the Internet and economic growth, the likely impact of the new ICTs on income inequality and...

With the introduction of many derivatives into the capital market, including stock index futures, the trading strategies in financial markets have been gradually enriched. However, there is still no theoretical model that can determine whether these strategies are effective, what the risks are,...

Due to the lockdown regulations worldwide during the COVID-19 pandemic, the global aviation industry has been severely hit. This study focuses on the volatility estimation of stock indexes in the Chinese Airport Shipping Set (ASS) at industry-enterprise levels and identifies possible business...

The electricity price is the sensitive signal of the supply-demand balance and some other market incidents. The analysis of the price data can provide plenty of the market information. It is helpful for the participants to understand the market and improve future strategies. However, most of the...

This paper empirically tests the impact of CEO’s alumni relationships on the stock price crash risk during CEO turnover. Empirical tests find that CEOs’ advantage among alumni networks will increase stock price crash risk during CEO turnover to some degree. However, this effect is built on...

This study conducts an empirical analysis on the relationship between the regional innovation environment (RIE) and scientific workers' innovative behavior. Additionally, it examines the role of career satisfaction and the need for achievement in the relationship between RIE and innovative...

We use a quasi-natural experiment wherein the Shanghai Stock Exchange requires listed companies in certain industries to disclose operational information and a staggered difference-in-differences model to examine the impact of mandatory information disclosure on corporate innovation. We find...

This article studies interactions between Internet companies and the Chinese government within the cultural policy niche through a case study of Tencent’s “Neo-Culture Creativity” strategy. By empirically investigating the correlations between Tencent’s business actions and Chinese...