1. Problem Definition: This article explores the incentive issues and gaming behaviors of firms under risk sharing partnerships in a project management setting, motivated by real-life examples. 2. Academic/Practical relevance: Collaboration prevails in projects within diverse industries. The...

This paper measures China’s daily and monthly climate policy uncertainty (CPU) from Jan 2000 to Mar 2022 based on Chinese news data for the first time. Then, the nonlinear and lag impacts of the US CPU and China’s CPU on the return, volatility, correlation and tail dependence of China’s...

China’s energy stocks are confronted with significant climate-related challenges. This paper aims to measure the daily climate transition risk in China by assessing the intensity of climate policies. The daily climate physical risk encountered by China’s renewable energy stocks is also...