Rapid growth of the digital economy has created a driving force for economic development, but the massive demand for electricity from digital reforms coupled with China's coal-based power generation has created a significant CO 2 emission problem that cannot be ignored. Previous studies have...

We propose that stakeholder demand can explain firms’ corporate social responsibility (CSR) activities and empirically test our proposition using 2002-2016 panel data from multiple countries. We select the Olympic Games as our experimental context and use a difference-in-differences design. We...

By allowing agents to switch from entrepreneurship to wage work and vice versa over the life cycle, this study proposes a dynamic Jacks-of-All-Trades (JAT) model where entrepreneurs invest in highly varied skills to manage their business. We simultaneously endogenize human capital investment and...

This study investigates the impact of corporate fraud on household investment choices. We conjecture that by undermining trust in the financial and insurance market, corporate fraud behaviour would decrease households' investment in risky financial assets and increase investment in non-financial...

This paper examines whether mandatory corporate social responsibility (CSR) disclosure affects the pay gap between managers and rank-and-file employees in China. We find that mandatory CSR disclosure has a negative impact on the pay gap. This impact is more pronounced in firms with higher...

Using the staggered entry of foreign countries into the Multilateral Memorandum of Understanding (MMoU) as a shock to the cross-border regulatory cooperation and information exchange, we find that foreign firms cross-listed in the U.S. show more analyst following, and less analyst forecast error...

I design an input-output model to investigate the energy supply chain of coal-coke-steel in China. To study the demand, supply, and energy-intensity issues for coal and coke from a macroeconomic perspective, I apply the model to test two hypotheses: (1) coal and coke intensities in individual...

The debate on the impact of modern logistics on industrial location choice and property markets focuses on (1) whether modern inventory control and supply- chain configuration consolidate manufacturing and distribution locations and (2) whether modern logistics have reduced the demand for...

The 1998 failure of Long-Term Capital Management (‘LTCM’), a very large and prominent Greenwich, Connecticut based hedge fund, is said to have nearly brought down the world financial system. Over the years, few financial debacles such as LTCM, have been so often written about or discussed...