We document that US IPOs that take place during a world cup in football (soccer), compared to IPOs before or after, exhibit 9% lower underpricing and 6% lower price adjustment. IPOs during world cups receive less attention from foreign investors and exhibit significantly higher long-run returns....

This paper explores the impact of regulations imposed by the Chinese government on the development of the Chinese IPO market between 2000 and 2011. Some of these regulations have affected the population of Chinese firms that went public domestically, some firms being excluding from the domestic...

This paper examines the effect of water pollution regulation on polluters' exporting decisions and exporting structure. Using detailed firm-by-product level dataset, we employ a difference-in-differences model to identify the causal relationship between environmental regulation and firms'...

Under the influence of economic, technological and political factors, the oil market is prone to constant change, which requires analysis of its developmental trends. The purpose of this article is to do a comprehensive analysis of the impact of OPEC + countries on trade wars in the global oil...

It is well known that height is positively associated with earnings. Based on individual level data, this paper investigates the channels through which height influences income in China. Our first key finding is that taller people are more likely to become members of the Communist Party,...

It is well known that height is positively associated with earnings. Based on individual level data, this paper investigates the channels through which height influences income in China. Our first key finding is that taller people are more likely to become members of the Communist Party,...

The long and continuing coal-dominated energy structure in China makes it important to investigate the impact of coal price shocks on China’s financial markets. This study identifies whether volatilities in coal market may propagate between sectoral equity markets through the heterogeneous...