We investigate the “creative destruction” through the role of typhoon occurrence on existing firms’ innovation and firm creation for the universe of Chinese firms by utilizing novel administrative data. We find that typhoon occurrence during a firm’s early life reduces both patent...

The speed of recovery from supply chain disruption has been identified as the predominant factor in building a resilient supply chain. However, COVID-19, as a rapidly evolving crisis, may challenge this assumption. Infection risk concerns would increase if managers decided to resume production...

We examine firms listed on the Shanghai/Shenzhen Stock Exchange to investigate stock market reactions to 294 Chinese manufacturing firms involved in 618 environmental incidents between 2006 and 2013. Through our event studies, we find empirical evidence of a significantly negative stock market...