Under semi-strong market efficiency future returns are unpredictable from previously released information. We test the degree of semi-strong form market efficiency in the credit default swap (CDS) market by examining the relationship between subsequent CDS returns and previously announced...

National dietary guidelines serve as a strategic tool to facilitate dietary adjustments, improve human nutrition, and reduce environmental strain by guiding individuals toward healthier dietary choices. This study examines the evolution of Chinese Dietary Guidelines (CDG) and compares them with...

This study implies the causality-in-variance test newly developed by Hafner and Herwartz (2006) to investigate the volatility spillovers between domestic equity and bond markets in the G7 and BRICS countries. The empirical result shows that there is ethier unidirectional or bidirectional...

Venture capital cannot only promote technological innovation and the development of high-tech industries, but also makes contribution to economic growth. Having a good reputation as the "Silicon Valley in Middle East", Israel is one of the most successful countries in developing venture capital....

Quantifying the effect of transportation on urban air pollution is challenging because decisions to travel are endogenous to air quality. The spread of COVID-19 offers a unique opportunity for causal identification, as the pandemic directly affects decisions to travel and choices of...

Changes in trading relationships including trade wars can have a large impact on the distribution of GHG emissions across supply chains. While previous studies have examined the emission impacts resulting from tariff adjustments during China-US trade wars they do not investigate what would...

Urban air pollution has severe negative effects on health and the economy, especially in developing and industrializing countries, such as China and India. Although the transportation sector is widely acknowledged as among the largest contributors to urban air pollution, quantifying its causal...

This study examines how institutions respond to insider trade in addition to accounting information. I show that transient institutions defined as those with short investment horizon and high turnover, reduce holdings in the following quarters when insiders are net sellers following earnings...

This paper examines how institutional investors respond to accounting restatements. We show that transient institutional investors, defined as institutions with shorter investment horizons and higher portfolio turnover, significantly reduce their holdings in a restating firm at least one quarter...

A questionnaire survey was performed in eight Chinese cities (40,279 adults participated; response rate 75%). There were questions on demographic information of the participants, allergic rhinitis, asthma, perceived odors and home environment. Among participants: the majority were women (74.7%)...