Purpose: In the background of the low-carbon economy, the basic position of the logistics and its high energy consumption, high emission characteristics determine its special status in the low-carbon economy. The purpose of this paper is providing ideas for logistics companies to implement...

In existing literature, economic uncertainty may have positive, negative, or insignificant effect on crude oil prices. Based on our newly proposed two-stage tests and empirical analysis, we show that such disagreement is often caused by the conventional assumption on time-invariant market...

We propose a novel framework to analyze the potentially heterogeneous roles played by different market participants in the fire-sale process during market crash and illustrate the methodology with the 2015–16 Chinese stock market turbulence. Unlike conventional analysis focusing on one...

Recent studies bring to the attention that blockholders exert governance through exit threats. Blockholders have strong incentives to reduce their shareholding on perceiving managerial underperformance, which in turn require managers to align their actions with the interests of shareholders. In...

Purpose Based on the textual-analyzed data covering 2148 IPO firms in China's stock market during the 2007-2018 period, the authors' purpose is to examine the influence of anti-takeover provision (ATP) adoption on initial public offerings (IPO) underpricing and identify the reducing effect of...

This article explores the impact of language proficiency on international trade by using panel data analysis. To do so, we construct a time-variant test-score-based measure of common language. Controlling for the standard gravity model variables, we find strong empirical evidence that English...