Policymakers and managers have increasingly adopted green bonds as a direct fnancing tool to address environmental degradation and climate change in emerging economies; however, the increasing green washing sentiments in the green bond market raise questions on whether green bonds can nudge...

We contribute to the growing literature on moral hazard by offering empirical evidence of the effectiveness of insurance pricing incentives at improving road safety by comparing the claim frequency following a regulatory reform introduced in a pilot city in China with the experience of another...

China has a very suitable environment for the development of the express industry. The growth rate of online stores in the world has exceeded the GDP growth of China and other countries. In the past five years, the express service market of China had expanded rapidly, reaching an annual growth...

Data suggest that the Canadian financial structure, and particularly indirect finance (e.g., banking), have become more market-oriented. We associate this financial trend in part with the regulatory changes that have occurred in Canada since the 1980s. Financial intermediaries are increasingly...

As one of the key components of green finance, the “Green Credit Guidelines” (GCGs) have aroused extensive interest among academics. This paper theoretically and empirically explores the policy effects of GCGs from the perspective of labor investment efficiency. Using the implementation of...

This paper studies how labor flexibility and mobility induced by the gig economy, affects corporate investment, by exploiting the staggered entry of the leading online delivery platforms into different cities in China and across the globe. The results show that, following the entry of delivery...

Whether and how firm financialization could crowd out real investment and the resulting “from real to virtual” phenomenon has great economic and policy implications, especially in emerging economies. This study examines the influence of firm-level financialization on corporate investment...