How do firms adapt to the risks posed by climate change? Many studies have considered business adaptation to short-term shocks and business cycles, but few have investigated risks that resemble those posed by climate change: long-term, systemic, and irreversible. In this paper, I build a novel...

Due to uncertainties regarding quality in terms of both product and seller, information asymmetry is a significant problem for consumers in the online marketplace. Online sellers are keen to improve their sales by highlighting quality signals such as price, reputation, and e-WOM. In traditional...

Jensen and Meckling (1976) claim that by facilitating monitoring of firms’ activities, security analysis by financial analysts can reduce agency costs between management and external capital providers, and thereby increase shareholder value. Additionally, boards are required to design...

Achieving sustainability and coping with climate change are the greatest challenges to human survival and harmonious human-nature relationship. However, we lack research on quantifying the capacity of sustainability to resist climate change over space and time. Here, we developed a...

In-service teacher training aims to improve the supply of public education. A randomized experiment was conducted in Mexico to test whether teacher training could increase teacher efficiency in public secondary schools. After seven and a half months of exposure to a trained teacher, students...