This study primarily investigates the effect of financial sustainability on capital leverage in microfinance setting. In doing this, this study looks at operating performance of 45 commercial microfinance institutions under current dual pressure of downturn and deleveraging in China....

Northern Tibet is the headstream region for the Yangtze, Salween River, Mekong River, and numerous other inflowing rivers and high mountain lakes. Sustaining the environmental conditions in the region is of vital importance for Tibet and the whole of China. The alpine grassland ecosystem in...

In 2011, the National Oceanic and Atmospheric Administration (NOAA) reported that the coastal population of the US that lives within 50 miles of the shoreline exceeded 50 % for the first time in history in spite of a high level of exposure to hurricanes and related flooding. Hurricane Andrew...

Based on a system dynamics (SD) model of long-term cost-effectiveness of power pole maintenance over 50 years, the influence of factors that affect cost-effectiveness was examined. Taking a typical region subjected to hurricanes (i.e., Miami-Dade County, USA) as a case, the SD model was...

Existing empirical studies on trade costs and trade facilitation largely focus on aggregate impacts of reform due to data availability. We take a step toward filling in this gap in literature. Using the World Bank Enterprises Surveys, the study extends the scope of empirical literature to firm...

During the past two decades many economies have opened their retail sector to foreign direct investment, yet little is known about possible implications of such liberalization on the economies of developing host countries. Using firm-level data from Romania, this study examines how the presence...

During the past two decades many economies have opened their retail sector to foreign direct investment, yet little is known about possible implications of such liberalization on the economies of developing host countries. Using firm-level data from Romania, this study examines how the presence...

Existing studies show that markets use comparable firm multiples to price IPOs. This study explores IPO valuations in an emerging market where reliable comparable price multiples may not be readily available, or cannot be reliably identified. In particular, we examine the value relevance of...