This paper employs a semi-parametric varying coefficient system approach to investigating the impact of environmental policy stringency on a nation's productivity growth using data for a panel of OECD countries over a period of two decades. A new cross-country proxy of environmental policy...

A good business partner is the foundation of stable development. Because of the enterprising quality of soldiers and the increasing number of military executives, the question of whether it can make suppliers feel “secure” and customers “thirsty for milk” in the transaction has aroused...

This paper studies whether and how controlling shareholders’stock pledge affects corporate fraudulence. We find that both the pledge behavior and the pledge ratio of the controlling shareholders are positively associated with future corporate fraudulence. The results are robust after...

This study investigates whether and how minority shareholders activism (MSA) affects executives’ pay–performance sensitivity (PPS). Based on annual data of listed companies on SSE and SZSE from 2010 to 2021, we find that MSA significantly promotes executives’ pay-performance sensitivity,...

This study analyzes whether Bitcoin wallet balance data exhibit clustering. The analysis of Bitcoin rich list wallets reveals that both the integer and fractional parts of wallet balances display clustering characteristics especially at the numbers 00 and 99. Additionally, probit models are used...

The present paper estimates the distributions of aggregate returns from different types of research and promotion investments by the Australian grape and wine industry among grapegrowers, winemakers, domestic and foreign consumers, and the tax office. The results show that most of the gains from...

Following the empirical work of Jones (1995a,b) that test the scale effects predicted by the AK models and the R&D based models, this paper tests the scale effects of a major new trade model, the Krugman (1979) version of the Dixit-Stiglitz (1977) model, using the Yang-Heijdra (1993) formula for...