We examine the resilience of Chinese banks during the COVID-19 pandemic by investigating non-performance loan (NPL) ratios. We find that despite the reduction in the growth rate of total bank lending, bank NPL ratios significantly increase during the COVID-19 crisis. Banks with high-quality...

In this paper, we study the impact of demand uncertainty on the build-operate-transfer (BOT) contract design by optimizing a bi-objective problem via three critical decisions: toll, capacity and concession period. We derive the optimums and identify the public and private sector's economic...

Green finance has been valued and promoted by Regional Comprehensive Economic Partnership (RCEP) countries for its attribute of supporting green and sustainable development. However, the existing literature remains inadequate and widely divergent on the relationship between green finance and...

This study examines whether and how online investor-firm interactions reduce the incidence of corporate fraud. We find that more interactions and investors’ negative sentiment reduce the likelihood of committing fraud. This finding remains with the use of various identification and...

We investigate the interplay between corporate innovation (technological and product innovation) and corporate financing. Splitting up corporate innovation allows for a more precise identification of optimal financing strategies. Using a large sample of U.S. public firms between 1990 and 2015,...

We develop a general equilibrium structural model with heterogeneous workers and nonhomothetic preferences to quantify the unequal individual-level gains from trade liberalization. The results show that in developed countries, the distribution of gain from trade is relatively balanced. However,...

This report presents refined options for an EU Pollinator Monitoring Scheme (EU PoMS), based on the work of a technical expert group comprising 26 international experts from 12 countries, with members being representatives of universities, research institutes and NGOs. The work presented here...

Coordinating the efforts of contractual parties in information security outsourcing is challenging given that a managed security service provider (MSSP) and its contractual partners cannot perfectly observe or verify each other's investment. This study examines the use of multilateral contracts...