With the improvement of people's living standards all over the world, the demand for cooling (both space cooling and refrigeration) continues to grow. The increase in cooling-related energy consumption has a growing impact on global climate change. The importance of improving the energy...

Purpose - This study evaluates whether firms carry out hedging activities on interest rates and foreign exchange to mitigate the effect of financial constraints caused by the informational disadvantage. Design/methodology/approach - In this study, the financial reporting quality is measured with...

We investigate the impact of tax-related human capital (THC) on corporate financial reporting aggressiveness. Using the presence of former or current tax officers from tax authorities on a firm's board of directors as a proxy for THC, we find that firms with tax officer directors report their...

Business cycles are often regarded as aggregate phenomena. However, against the backdrop of rapid structural transformation in Chinese economy, they are also influenced by cyclical changes in various sectors and the evolution of the economic network structure. From the perspective of production...

In a dynamic panel data model allowing for error cross-section dependence, output volatility is found to impede sustainable development. Through a financial development channel (liquidity liability ratio), output volatility exerts a significant effect on depletion of natural resources, a key...

As the world has witnessed the worst financial crisis and climate crisis of our age, during the period of 2007-2009, the issues surrounding the emergence and development of financial markets and carbon markets is becoming an increasingly significant area of research and debate worldwide. By...

FinTech has been transforming the financial landscape in the People’s Republic of China. Its leading FinTech businesses such as mobile payment services and big data-based online lending are at the frontier of global development. At the same time, it also creates new problems, illustrated by...

This paper is the first empirical study of the economic consequences of the adoption of the employee director system in China from the perspective of the investment efficiency of enterprises, that is, based on empirical study of China’s capital market in order to test the relationship between...

Entrepreneurial activity measures a country's economic vitality. Studies have examined the psychological cognitive conditions that influence women's entrepreneurial activity by considering the effects of individual psychological cognitive conditions in isolation while ignoring their...