Using a sample of listed Chinese firms between 2000 and 2010, the paper analyzes the stock market reaction to CEO succession. We document significantly positive cumulative abnormal returns when CEO succession is accompanied with increased political connections. We also show that the market...

The calculation of national ecological footprints using world average productivities can lead to biased results due to the neglect of spatial variation in in-situ ecological impacts. To address this issue, we apply a regional approach to generate ecological footprints based on the multi-region...

In this paper we pointed out a hidden inequality in accounting for trade-related emissions in the presence of border carbon adjustment. Under a domestic carbon pricing policy, producers pay for the carbon costs in exchange for the right to emit. Under border carbon adjustment, however, the...

Household surveys in Guatemala, India, Indonesia, Kenya, Pakistan, and Sri Lanka were analyzed using a two-stage Heckman model to examine the factors influencing the decision to use liquefied petroleum gas (stage 1) and, among users, the quantity consumed per person (stage 2). In the first...

The Life Cycle Assessment (LCA) performed for the China Energy Technology Program (CETP) has established streamlined environmental inventories of coal, nuclear, natural gas, and wind energy systems for supply of electricity to Shandong province with a 20 years time horizon. This paper deals with...

We analyze whether the organizational structure of firms (i.e., whether a firm is diversified or focused) affects their cash holdings. Using Compustat firm level and segment-level data, we find that diversified firms hold significantly less cash than their focused counterparts. Our results are...