Using a sample of Chinese municipal corporate bonds from 2011 to 2019, this paper investigates the effect of city-level air pollution on local government financing costs. We find that cities with severe air pollution tend to have higher municipal corporate bond spreads, indicating that air...

Performance evaluation for universities or research institutions has become a hot topic in recent years. However, the previous works rarely investigate the multiple departments’ performance of a university, and especially, none of them consider the non-homogeneity among the universities’...

There is an urgent need to mitigate global warming for all countries around the world. The People's Republic of China (PRC) has announced a series of energy and climate policy targets in contributing its efforts towards meeting the ambitious goals in the Paris Agreement and the newly pledged...