We take the Income Tax Sharing reform in 2002 as an exogenous impact and employ the intensity difference-in-differences model to examine the effects of local fiscal pressure on firm environmental performance. We show that local fiscal pressure at the city level elicited by the Income Tax Sharing...

We explore the effect of genetic distance on cross-border mergers and acquisitions (M&A) using data from Chinese listed firms during 1996-2019. We find an inverted U-shaped relationship between genetic distance and the completion rate of cross-border M&A. Further research shows that this...