This paper investigates the free cash flow productivity of SOEs compared with non-SOEs and examines its possible determinants. We find that SOEs have slightly weak free cash flow productivity but significantly stronger than non-SOEs. Similar performance exists among commercial class I and II...

This paper investigates the free cash flow productivity of SOEs compared with non-SOEs and examines its possible determinants. We find that SOEs have slightly weak free cash flow productivity but significantly stronger than non-SOEs. Similar performance exists among commercial class I and II...

Firms in China increase green innovation, but not other types of innovation, following a mandate that requires them to regularly disclose their corporate social responsibility (CSR) activities. Further analyses show that the CSR disclosure mandate leads to higher media coverage of disclosing...

Firms in China increase green innovation, but not non-green innovation, following a mandate that requires them to regularly disclose their corporate social responsibility (CSR) activities. Further analyses show that the CSR disclosure mandate leads to higher media coverage of disclosing firms’...

Fine particulate matter (PM2.5) significantly impacts global air quality and human health due to its smaller particle size and larger specific surface area. Nitrogen and carbon aerosols, as the main components of PM2.5, have a key role in air pollution. The aim of this study is to identify the...