This article investigates whether the business relations between mutual funds and brokerage firms influence sell-side analyst recommendations. Using a unique data set that discloses brokerage firms' commission income derived from each mutual fund client as well as the share holdings of these...

3D (Three-dimensional) ZnO (zinc oxide)/rGO (reduced graphene oxide)/ZnO sandwich-structured were synthesized by adding zinc oxide powder to the reaction of graphitic oxide reduction and heating. In this reaction, ZnO nanorods arrays with the size of 20–40 nm grew on both surfaces of rGO...

Sustainable energy production and consumption is one of the issues for the sustainable development strategy in China. As China’s economic development paradigm shifts, household energy consumption (HEC) has become a focus of achieving national goals of energy efficiency and greenhouse gas...

This study examines how the Chinese state-owned banks allocate loans to private firms. We find that the banks extend loans to financially healthier and better-governed firms, which implies that the banks use commercial judgments in this segment of the market. We also find that having the state...