This paper examines the relationship between capital structure and the inner structure of pyramid in an emerging market economy country. The author uses firm-level panel data of Chinese listed companies to analyze the influence of the inner structure of pyramid on capital structure and the...

This paper studies the dynamic impacts of financial development, human capital, and economic growth on CO2 emission intensity in China for the period 1978-2015, with a structural breakpoint in 1992, by employing an autoregressive distributed lag (ARDL) approach. The estimations show that there...

This paper examines the relationship between capital structure and the inner structure of pyramid in an emerging market economy country. The author uses firm-level panel data of Chinese listed companies to analyze the influence of the inner structure of pyramid on capital structure and the...

This paper examines the effects of the pyramid inner ownership structure of companies on capital structure in an emerging market economy country. The author uses firm-level panel data of Chinese listed companies to analyze the effects of the inner structure of pyramid on capital structure, and...

This paper examines the relationship between capital structure and the inner structure of pyramid in an emerging market economy country. The author uses firm-level panel data of Chinese listed companies to analyze the influence of the inner structure of pyramid on capital structure and the...

We examine the impact of social trust on corporate R&D expenditure. Using a large sample of 1,811 Chinese firms during 2007-2018, we show that social trust significantly promotes corporate R&D expenditure. Firms located in higher social trust regions invest 6.16%(4.17%) more in R&D1(R&D2) than...

We examine how economic policy uncertainty (EPU) impacts on Chinese firm's trade credit. We find a significant negative relationship between EPU and both firm's account payable (receiving) and account receivable (offering). These results were more pronounced for non-state-owned enterprises,...