This paper finds that compared with non-state-owned firms, Chinese state-owned enterprises controlled by province, city, and county governments (local SOEs) are more likely to hire small auditors within the same region (small local auditors). In regions with less developed institutions, SOEs...

Domestic CHP (combined heat and power) generation is one new application of the ORC (organic Rankine cycle). An environment temperature fluctuation of 40 °C through the year is common in many areas, where the consumer's demand on heat follows a seasonal cycle. In no demand periods the ORC...

This paper investigates why Chinese state-owned enterprises (SOEs) with strong political connections (i.e., politically connected firms) are more likely to list overseas than non-politically connected firms. We find that connected firms' post-overseas listing performance is worse than that of...