Under the background of increasingly prominent environmental problems, exploring impact green innovation on sustainable development ability enterprises not only can expand boundary research factors influencing enterprises’ and economic consequences but also provide reference for decision-making listed companies. On basis manual collection patent data from China National Intellectual Property Administration, this paper selects Chinese A-share companies 2010 to 2018 as subject empirically...

Based on Chinese unique corporate ownership structure, we document that local government-owned firms are more inclined to disclose boilerplate CSR reports with little firm-specific information circumvent substantive disclosure, although they do release convey acting in the broader interests of society. Both economic and environmental pressures from government enhance firms' adherence boilerplate. Firms mandated likely follow due 'minimum-requirement' orientation.

In this paper, the data of A-share non-financial listed companies from 2008 to 2019 are used study impact opening high-speed railway on corporate financing constraints with difference-in-differences model. The research results show that rail can effectively alleviate faced by enterprises. Through analysis its influence mechanism, it is found reduce degree information asymmetry and agency conflicts between enterprises their stakeholders, thereby ease constraints. At same time, has a more...

This study takes the merger and acquisition (M&A) events completed by A-share listed companies in Shanghai Shenzhen stock markets from 2006 to 2019 as research samples uses dual difference method test impact of a “high-speed railway (HSR) opening”, quasi-natural experimental event, on M&A premium. The results show that opening an HSR can significantly inhibit premium corresponding prefecture-level administrative regions. mechanism affects through two channels: “reducing information...

Interference alignment (IA) technique has shown great promise in many theoretical studies. However, the performance improvement brought by IA MIMO interference network not been investigated well when combined with power allocation. This paper proposed a joint IA-based beamforming design and allocation method an objective of optimizing overall throughput for consisting K transmitter-receiver pairs. Since optimization problem is convex, we invoke iterative approach. Based on minimum leakage...

An algorithm of analytic hierarchy process model based on electric power big data smart grid is studied in this paper with respect to the analysis maturity regional development. In algorithm, author uses data-mining technology analyze layout surrounding functional blocks from aspects consumers distribution and land usage a central urban area as objects basis. Meanwhile, combines supporting facilities like business, cultural entertainment, sports, health care, education scientific research...

This study investigates the impact of opening a high-speed railway (HSR) on innovation output offsite subsidiaries in China. Our findings suggest that increases significantly after HSR between cities which listed firms and their are located, results robust series robustness checks. Hence, spatiotemporal squeezing effect generated by improves efficiency information exchange resource sharing parent subsidiary companies, greatly promotes subsidiaries.

We investigate whether and how local bias affects the bidding behavior of primary market investors in seasoned equity offerings (SEOs). Using a unique database that records locations, identities, information SEO investors, we find bid higher prices than non-local auction, resulting lower discount discount, which is consistent with both advantage hypothesis familiarity hypothesis. To distinguish between two, examine long-term performance SEOs those proportion generate returns. Additional...

In this study, we examine the effectiveness of China Securities Investor Services Center (CSISC), a new minority shareholder protection mechanism promoted by Regulatory Commission (CRSC), in promoting high-quality development listed companies. Based on manually collected comprehensive exercise data CSISC, find that CSISC’s right significantly improves total factor productivity Our evaluation transmission channel determines helps promote R&D investment and reduce operating costs, thereby...