Purpose - This paper aims to examine how multinational corporations respond to environmental turbulence by adopting a flexible supply chain (SC). Design/methodology/approach - This study adopts a case study in the medical industry to identify effective strategic approaches by taking advantage of...

The study of evapotranspiration (ET) is of great theoretical and practical significance for understanding the regional ecological and environmental problems and hydrological cycle processes. The Grain for Green Project (GFGP) in the Chinese Loess Plateau was used as the study area. Based on...

This study examines the psychological effect of public opinion on extreme environmental events. Using the sandstorm that hit China in the spring of 2021 as a natural experiment, we measure public opinion based on daily microblogs related to the environment published on Sina Weibo and show that...

Nitrogen (N) deposition impacts profoundly ecosystem carbon balance across the globe. However, how dominant plant species control ecosystem carbon exchange in response to N deposition remains largely unclear, especially in alpine meadows at high elevations. Here, we conducted a manipulated...

Akerlof (2007) proposes that the norms of decision makers can bridge the gap between New Classical economic theories and conflicting empirical evidence. We apply his framework to cross-country capital structure decision making and propose a norm theory of capital structure. Consistent with its...

We test whether policy risk is systematically priced in equity returns across 49 countries from 1995 to 2013. We construct two global policy risk factors based on the ratings from international country risk guide. They capture the policy risk from government instability (GOVLMH) and the quality...

Microfinance institutions (MFIs) are hybrid organisations with the dual mission of financial sustainability and social purpose. However, there is little empirical evidence on how the two missions may affect each other intertemporally. In this study, we test the lead-lag reciprocal relation...

The developing Chinese economy has gone through significant market reforms in recent decades by taking a deliberate path of trail-and-error policymaking. We hand-collect a sample of 59 policy reversals related to market liberalization from 1999 to 2017. Using a general equilibrium term structure...

The study examines how stock market prices the stocks of socially ambiguous “Grey” firms, who are socially responsible in certain corporate social responsibility (CSR) dimensions while being socially irresponsible in other dimensions. Using firm data from 1992 to 2011, we find that the...