We explore the impact of financial friction on resource misallocation and total factor productivity (TFP) of China. First, the mathematical models are derived to clarify the mechanism and consequence of resource misallocation, showing that financial friction leads to resource mismatch, and thus...

Purpose – This paper aims to determine the perceptions of managers in China with respect to the pressures for, and the purposes of, social and environmental reporting (SER) in the Chinese context. Design/methodology/approach – The authors interviewed 14 managers from nine different...

We have found that a spatial interpolation of mean annual temperature (MAT) in China can be accomplished using a global ordinary least squares regression model since the relationship between temperature and its environmental determinants is constant. Therefore the estimation of MAT does not very...