This research contributes to the literature on the relationship between board social ties and the complexity of institutional environments. It remains unclear what reactions a firm needs to take in response to the complexity of interconnected changes in multiple institutional dimensions. We seek...

Using a large sample over the period 1986 to 2017, we show that companies with higher exposure to climate change risk induced by sea-level rise (SLR) tend to acquire firms that are unlikely to be directly affected by SLR. We find that acquirers with higher SLR exposure experience significantly...

This paper examines the impact of monetary policy on housing prices in China with a VAR model. Granger causality tests, impulse response functions, and variance decompositions are used to analyze the impacts of two monetary policy variables, market-based short-term interest rates and money...

This paper investigates the influences of macroeconomic variables on the stock market in China. We use Granger causality tests, impulse response functions, and variance decompositions to examine how fundamental macroeconomic variables, such as output proxied by electricity generation, inflation,...

The concept, research content and direction of biological manufacturing were elaborated in this text. The biological manufacturing progress in China, application situation, development trend and existing problems were analyzed, and the prospect of the development of biological manufacturing was...

This paper examines whether the risk-taking incentives induced by performance-based vesting (p-v) compensation influence bank loan contracting and credit ratings. Consistent with our risk-shifting hypothesis, we find that the p-v based compensation, as measured by the proportion of grant date...

Police departments located in states allowing payday lending report 14.34% more property crimes than the police departments located in states not allowing payday lending. I also find that the police departments located in counties bordering with states allowing payday lending report more...