Using the sample of Chinese publicly listed companies from 2008-2018, we find that the firms whose managers are covered by Directors’ and Officers’ Liabilities Insurance (D&O insurance) are more likely to have better performance in their corporate social responsibility (CSR) activities. The...

Does good news cover bad news? We show evidence from the Chinese stock market in which the fiscal year of a firm is always the same as the calendar year. Listed firms are required to announce their annual reports by the end of April, the same date of the deadline for announcements of first...

Three typical rural villages are chosen as study areas to study the different effects of main influence factors on rural household energy consumption using the ordinary least squares (OLS) model and the quantile regression (QR) model. Three typical rural villages include an affluent rural...

As a zero-carbon technology, nuclear power is potentially useful to realize climatepolicyobjectives. It may however economically not be efficient to have such a typeof power plant in future electricity markets which are dominated by high shares ofrenewable generation. In this paper, we test this...

Globally, governments increasingly rely on auctions to advance renewable energy. This paper studies the design of wind farm auctions and evaluates the impact of price guarantees and subsidies on auction efficiency, government revenue, and renewable-energy production. While the theoretical...

Teams are formed because input from different people is needed. Providing incentives to team members, however, can be diffcult. According to received wisdom, declaring all members responsible fails because real responsibility for team output "diffuses". But why? And why and when does formally...