Using Chinese comment letters data, we investigate the impact of the disclosure of comment letters on the cost of debt financing. Empirical results show that when the comment letters are publicly disclosed, creditors charge borrowers significantly higher cost of debt financing. Furthermore, when...

There is growing concern that climate change poses a serious threat to the sustainability of the insurance business. Understanding whether climate warming is a cause for an increase in claims and losses, and how this cause-effect relationship will develop in the future, are two significant open...

Purpose This study aims to explore the advantage of foreignness in a digital world. Design/methodology/approach Usage data for 251 days of 32 travel mobile applications installed on a major mobile phone brand in China are examined. Results support the author’s arguments. Findings Foreign...

The costs of financial intermediation have important consequences for financial development. Using bank-level data for 160 countries during 2005-14, this paper analyzes the composition and sources of bank net interest margins. First, it uses an accounting decomposition framework to provide...

Due to the inherent complex tensions in General Purpose Technology (GPT) in emerging industries, namely those between "generality" and "emergance," firms in emerging industries often face the dilemma of choosing distant search or local search in GPT innovation. The core research question of this...

The Lower Paleozoic reservoir in the Micangshan tectonic zone is a new shale gas exploration area with excellent potential. However, the hydrocarbon migration and accumulation histories of this reservoir have not been thoroughly elucidated and urgently require further research. Fluid inclusions...

This paper presents an optimal technique for parameter estimation of a Solid Oxide Fuel Cell (SOFC) model. The idea is to minimize the Sum of Squared Error (SSE) between the output voltage and the experimental data. To achieve this purpose, a new metaheuristic, called the Converged Grass Fibrous...

Using China Family Panel Studies (CFPS) data from 2010 to 2018, this paper employs a staggered difference-in-differences (DID) approach to unveil that the entry of bike-sharing significantly boosts per capita household expenditure by 3.9%-6.8%, along with an increase of 3.8%-4.9% in dining-out...

While the relationship among land price, transportation cost, and urban sprawl under the condition of local governments monopolizing land supply has been rarely discussed in the literature, this paper addresses this gap by hypothesizing based on the monocentric city model. The hypothesis...