Our study examines the influence of institutional investors on firm investment efficiency based on the non-financial firms listed on Chinese stock exchanges over the period of 2009–2014. Our results show that institutional ownership generally improves firm investment efficiency. However, after...

This study empirically examines the association among R&D engagement, seeking finance and perceived financial constraints in high-tech SMEs. R&D engagement includes the decision of R&D engagement (whether a firm was engaged in R&D) and the degree of R&D engagement (actual R&D expenditure). I...

The Grain for Green Program (GFGP) in China, one of the largest Payment for Ecosystem Service (PES) schemes, has been regarded as an effective approach to achieving sustainable development. However, the conclusion of the impact of GFGP on farmers’ income reported in the existing literature is...

Ländliche Gemeinschaften sind besonders anfällig für Wetterschwankungen und die Zerstörung von Ökosystemen. Bisher haben sich Landwirt*innen entweder allein oder gemeinschaftlich durch verschiedene Risikomanagement-Strategien an Klimaschwankungen und Wetterextreme angepasst. Der Klimawandel...

Rural communities are particularly vulnerable to weather shocks and ecosystem decline. Traditionally, farmers have adapted to climate variability and extremes through various risk management strategies, either individually or cooperatively. However, climate change amplifies the frequency and...

This paper focuses on factors influencing grassland lease, which will contribute to the heated debate about land use in China by extending to more extensive and vulnerable grassland regions. Based on review of grassland institutional change and analysis of data from 12 villages, this paper...

Two theorems (announced by Topkis) about topological description of a sublattice are proved. They are applied to extend some classical results (due to Topkis and Zhou, etc.) concerning the existence and the order structure of Nash equilibria of a supermodular game, with some problems in Zhou’s...