In this paper we develop a new form of economic - environmental input - output model to analyze the complicated interactions among economic sectors and environmental sectors. This model deals with both traditional economic sectors and the pollution elimination sector in terms of volume and...

We examine the impact of Regulation Fair Disclosure (RFD) on transient institutional investors' abnormal trading behavior around accounting restatements. We find that while in the pre-RFD period, transient institutional investors exhibit abnormal selling of restating firms' stocks one quarter...

We find that insiders trade as if they exploit market underreaction to earnings news, buying (selling) after good (bad) earnings announcements when the price reaction to the announcement is low (high). We also find that insider trades attributable to public information about earnings and the...

Based on data from more than 100,000 Chinese manufacturing firms, this study explores the reasons for the recent surge of manufacturing exports from China. Research and Development (R&D) investment has not been a contributing factor to the export success of Chinese firms, even in high-technology...

This paper studies the impact of the R&D offshoring of multinational enterprises on the firms in host emerging economies. We develop a two-stage non-cooperative game to analyze the strategic interaction between multinational and host country enterprises engaged in R&D investment. An empirical...