As households reduce discretionary spending in response to the COVID-19 pandemic, concerns are high that a resulting fall in aggregate demand can lead to a lasting recession post-COVID-19. Consequently, policies aimed at stimulating consumer spending are of key interest to governments working to...

In the past decades, Corporate Social Responsibility (CSR) has attracted increasing attention, with Corporate Environmental Responsibility (CER or Environmental CSR) playing an ever important role. This paper aims to study whether and how Chinese shareholders are sensitive to the disclosure of...

The quality of reclaimed land not only relates to the way of reclamation, but also has close relations to farmers’ living standard and households’ behaviors. Taking the farmland in the reclamation region of the Liuxin County, Tongshan Town, Xuzhou as the survey objects, we conduct...

For each S&P 500 stock, I calculate the rolling correlation between the VIX and the premium of butterfly at different strikes. The butterfly that co-moves most positively with VIX reveals the expectation of the stock’s return in the future market crash. I call this return the Butterfly Implied...

The geometric structures, energetic and electronic properties of global minima of the AlBe n ( n = 1–12) clusters have been systemically studied by using the hybrid density functional theory [B3LYP] and coupled cluster [CCSD(T)] methods. It is found that the impurity Al atom is externally...

This paper analyses Kantian cooperation of sustainability investments in a two-stage game. Firms’ behavior, Kantian cooperation versus competition, is independent at each stage. Our findings indicate that Kantian cooperation in sustainability investment results in lower sustainability levels,...

We examine the impact of air pollution on pricing efficiency in primary markets and its underlying mechanisms. Our findings suggest that IPO pricing efficiency decreases when air pollution is more severe in cities where bidding investors are located. Mechanism tests show that air pollution...

This paper analyzes the transfer pricing decision of the multinational firm (MNF). There are differences in profit tax rates between home-country and host-country. The MNF determines the transfer price to its overseas affiliate and delegates the responsibility of deciding on the final sales...

This paper generalizes Gaudin (2016) adding the CSR concerns under a general demand form, and focuses on the double marginalization problem in single-product successive monopolies with one manufacturer and one retailer. We assume that manufacturer or retailer non-cooperatively engages in CSR...

This paper investigates how network externalities affect parallel imports and profits. In a three-country model, a multinational manufacturer produces locally and sells through local distributors in two countries. Parallel imports between two countries are permitted by the manufacturer. The...