The prevalent organizational form in most emerging markets is business groups. These groups have typically been viewed through a transaction cost economics perspective where they are perceived as responses to inefficiencies in the market. However, the evidence to date on what generates a...

Why do private firms grow vibrantly in transition economies despite their limited access to formal financing? This study underscores the importance of informal financing in facilitating the growth of private firms in China. Drawing from the institutional economics argument, we posit that...

Higher combustor temperatures, extended fuel flexibility, and lower NOx and CO emissions are the trends in the development of industrial gas turbines. The multi-nozzle array burners with short and evenly distributed flames shorten the residence time in the combustor to solve the problem of...

As an essential part of the grassland ecological system, study on the carbon storage has great significances to the carbon reduction in grassland ecological system. The carbon storage in biomass, carbon storage in soil and soil respiration are summarized in this paper to provide scientific...