China's carbon dioxide emissions from fossil fuel combustion had increased with an annual growth rate of 4.36% since 1980, hitting 1GtC in 2003. The global climate change issue is becoming more and more important and hence to be the fourth challenge for China's future energy development,...

We show that an equity pairs trading strategy generates large and significant abnormal returns. We find that two components of the trading signal (short term reversal and pairs momentum) have different dynamic and cross-sectional properties. The pairs momentum is largely explained by the one...

This paper examines a new approach of measuring earnings quality based on firms' capital and labor investment decisions. More specifically, I measure earnings quality as the contemporaneous association between the changes in the level of capital and labor investment and the change in reported...

The telecommunications industry is undergoing a radical transformation, creating exciting new opportunities and new challenges for infrastructure and service providers. The established value chain is increasingly being deconstructed, with the entry of powerful new players and radical...

This paper examines the relation between annual report readability and firm performance and earnings persistence. I measure the readability of public company annual reports using the Fog index from the computational linguistics literature and the length of the document. I find that: (1) the...

With the rapid development of computing and telecommunications infrastructure, a new electronic space has emerged which coexists, and sometimes intertwines, with the physical space and place of our world. This has greatly increased the complexity and flexibility of the new space economy for...

We investigate for a positive relation between growth and the aggressiveness of accounting choices. The motivation is that this relation is an unexamined and very general implication from most existing theories and types of accounting choice. Note that the firms’ decision to use...

Using Information and Communications Technologies (ICTs) to transform public services is a central element of the current UK Government’s strategy for modernising government. This paper explores the development of e-government by an in-depth study of the current position in the public...

Recruiting overseas alumni as faculty within their Chinese alma mater has become a common phenomenon in Chinese universities. This paper studies how the alumni linkage, the connection between alumni faculty members and their alma mater, influences the individual collaborative behaviour of...