Using the regulatory policy on cash dividends implemented in 2013 as the research context, this study develops a difference-in-difference (DID) model using the data of Chinese A-share non-financial listed companies from 2011-2019, and found that cash dividend smoothing reduces the wealth...

Establishing a wind-photovoltaic (PV)-hydro hybrid system is a new method to utilize wind and PV power, but how multi-energy complementation affects the working modes of cascaded hydropower plants (CHP) has not been fully revealed. In this study, a wind-PV-CHP system was considered as an example...