We empirically examine the value relevance of court rulings on environmental litigation for polluting firms. In a landmark case, the US Supreme Court cited the “major questions” doctrine to reject the jurisdiction power of the Environmental Protection Agency (EPA) in the West Virginia V. EPA...

Purpose – The purpose of this paper is to report the results of a study undertaken to investigate the gift‐giving behavior of consumers in the People's Republic of China (PRC) during the Chinese New Year and the influence exerted by Chinese cultural values on such behavior....

Objective – This research explores the changing mechanism in the relationship between retailers and consumers whereby consumers face higher-prices due to inflation while their earnings, and thereby their disposal income, does not simultaneously increase. Methodology/Technique – An...

We show that credit default swap (CDS) trading on a firm's debt positively influences its technological innovation output measured by patents and patent citations. This positive effect is more pronounced in firms relying more on debt financing or being more subject to continuous monitoring by...