Gaining highly skilled human capital is one of the key motivations for mergers and acquisitions (M&A), particularly in knowledge-intensive sectors such as the technology industry. However, the inherent cultural differences and organizational misalignments during the integration process can lead...

The voluminous strategy research on the determinants of corporate scope is often premised on a well-established property rights regime, which contrasts with the weak property rights protection that still characterizes most countries today. We address this gap by applying property rights theory...

Catalytic ozonation is an effective technology widely used in advanced treatment to remove refractory organics from wastewater. Meanwhile, it is also a highly energy-consuming technology, usually accounting for 30%~40% of the total electricity consumption of a wastewater treatment plant (WWTP)....

We study the effects of foreign real estate capital flows on local asset prices and employment using detailed housing transactions data. We document (i) a "China shock" in the U.S. real estate market after 2007 driven by the Chinese government's house purchase restrictions and (ii) "home bias"...

It is impossible to study elements independently because their availability to crops is interdependent. Nitrogen- and phosphorus-based fertilization decisions are currently a research hotspot. Combining the relationship between higher grain yield and lower environmental impact to achieve higher...

We show that foreign real estate capital inflows have positive real effects and adverse distributional consequences. Using transaction-level data, we document (i) a "China shock" in the U.S. housing market characterized by surging foreign Chinese housing purchases after 2008; and (ii) "home bias" in...

In this paper, we study the problem of dynamic convex risk measures via reflected backward stochastic differential equations with time delayed generators (RBSDEs with time delayed generators, in short). Under some assumptions on the generators of the equations, we prove that the RBSDEs with a...