Abstract A global consensus exists emphasizing the need to curtail carbon emissions preserve environment and promote sustainable development. In this study, we investigate impact of economic freedom on corporate emissions. We show that negatively impacts based a panel dataset 2,932 companies from 24 countries between 2004 2019. also identify underlying mechanisms involving resource utilization industrial agglomeration. Additionally, provide compelling evidence reduction boosts future...

Purpose Digital transformation misalignment refers to disparities in digital levels between suppliers and buyers across the production operation process. It has negatively affected supply chain stability. However, existing research concerning economic consequences not been adequately addressed. Therefore, this paper aims investigate whether such increases supplier financial risk identify factors influencing relationship. Design/methodology/approach This examines binary combinations of listed...

External regulatory and normative pressures from both the Chinese central environmental protection inspection (CEPI) program public participation can act together to influence corporate governance behavior. This research uses multiperiod Difference-In-Differences method test compound impact of CEPI on strategies investigate underlying mechanisms. The results show that have a positive effect “source-control” strategy. A reasonable reduction in pollution charges increased subsidies are...

In China, public officials control enormous resources and their political incentives substantially shape certain firm behaviors. As corporate social responsibility (CSR) activities are one of the important measures that central government uses to evaluate performance local government, firms may strategically implement CSR build a good relationship with governments. this paper, we investigate effects on firms' using panel Chinese publicly listed for period 2009–2013. We find significantly...

Digital government transformation (DGT) is a major reform toward modernized governance. It provides new pattern to manage environmental pollution and promote sustainable development goals. Thus, in this study, quasi-natural experiment using the Big Data Bureau (BDB) of China conducted investigate impact DGT on corporate violation (CEV) via multiperiod difference-in-differences model. found inhibit CEV. The pressure from regulation public scrutiny play important roles as mechanisms effect. In...

Abstract This paper examines whether foreign investors (FIs) affect the information production of analysts. Based on China's stock market, we find that FIs significantly reduce analysts’ coverage. Such negative association is more pronounced in firms with a high level governance and disclosure varies analyst characteristics. We also identify two possible economic mechanisms: channel channel. Further tests suggest as crowd out analysts, number research reports brokerage site visits decreased,...

This study examines the effect of carbon price uncertainty on stock crash risk. Utilizing dynamic panel model data Chinese listed firms from 2011 to 2018, we find that high increases The impact is more prominent in heavily polluting industries and during post-period Paris agreement. two underlying channels through which induces crashes are managers' hoarding bad news investors' heterogeneity. Furthermore, reducing information asymmetry inside outside can mitigate influence Our findings...

We examine whether, and how, audit regulatory changes affect corporate innovation. Using the key matters disclosure (KAM disclosure) as a quasi-natural experiment, we find that KAM has causal effect on enhancing also identify two underlying mechanisms through which disclosures spur innovation by restraining managerial myopia improving risk taking. Cross-section analysis further shows of is more significant in firms with high internal control quality institutional shareholdings. Our study...

Using the turnover of city-level local leaders in mainland China, we construct a measure political uncertainty and use this to explain change A-H share premium. Our empirical evidence shows that significantly reduces The reduction effect is lower for turnovers with uncertainty, stronger firms more exposure cities marketization level economic conditions. results are robust alternative specifications.

Abstract The 3 rd "Sino-German Symposium on Fundamentals of Advanced Nuclear Safety Technology (SG-FANS)" took place in Xi’an, China, 2019. Common fields interests have been identified both Chinese and German side, such as code benchmarking, common access to experimental facilities joint data base for nuclear safety analyses.

Vertical supervision is an important institutional arrangement for overcoming the predicament of environmental governance model and promoting green development region. Based on panel data 278 cities in China from 2010 to 2018, we use Central Environmental Protection Inspection (CEPI) as exogenous policy impact multi-period Differences-in-Differences method test whether vertical promotes regional transformation. Our research finds that CEPI, a typical policy, effectively transformation,...