We examine the impacts of China’s unconventional emission trading system (ETS), a rate-based tradable performance standard (TPS), on firm competitiveness. Our analysis takes advantage of the quasi-natural experiment created by China's regional ETS pilots and firm-level data on innovation and...

Climate change shifts the distributions of a set of climatic variables including temperature, precipitation, humidity, wind speed, sunshine duration, and evaporation. Previous studies have predominantly focused on temperature and precipitation only, while ignoring other climatic variables. These...

The potential connections between macroeconomic variables and the stock market becomes less straightforward for shares issued in one country but traded in another. Whereas past work has suggested that cross-listed stocks respond to country-specific sentiment factors in the location of trade, in...