The practice of carbon emissions trading (CET) has been carried out in China since 2013. Compared to more mature CET market mechanisms such as in Europe, the impact of the policies implemented in China regarding CET on the micro behavior of firms is quite different from that of mature market....

This paper studies how labor flexibility and mobility induced by the gig economy, affects corporate investment, by exploiting the staggered entry of the leading online delivery platforms into different cities in China and across the globe. The results show that, following the entry of delivery...

Whether and how firm financialization could crowd out real investment and the resulting “from real to virtual” phenomenon has great economic and policy implications, especially in emerging economies. This study examines the influence of firm-level financialization on corporate investment...