This paper evaluates the impact of China's natural gas pipeline projects (NGPPs) on air pollution reduction, by using national data of pollutant emissions of over 800,000 institute-level observations from 1998 to 2010. The difference-in-differences approach shows that the introduction of...

A failure of credit evaluation results in increasing default risks in the online P2P lending market. Online P2P lending platforms use both forward-looking and backward-looking credit evaluation mechanisms to assess the credit levels of borrowers. The forward-looking credit evaluation mechanism...

Since the 9th Five Year Plan (FYP) period (1996-2000), the Chinese central government began to adopt the total emissions control (TEC) policy, a target-based environmental regulation which set emission reduction targets for designated pollutants. The policy became highly binding for local...

This paper uses a unique large-size data set from China's most developed areas to examine the innovation impacts of environmental regulations. Reduction mandates on designated pollutants between the 10th and the 12th Five-Year Plans (2001–2015) are explored to construct spatial and temporal...

This paper uses a unique firm-level data set from China’s two most developed regions, the Yangtze River Delta (YRD) and the Pearl River Delta (PRD), to examine the innovation impacts of environmental regulations. Air and water pollution reduction plans under the total emissions control policy...