This paper discusses the purpose and practice of the mandatory bid rule in takeovers in the UK. A literature review looks at the impact of the mandatory bid rule in a takeover on both bidders and target companies. The origin and evolution of the mandatory bid rule in China are described and...

We study how macroeconomic, firm-level and higher-order uncertainty affects real corporate investment in firms with different levels of active and passive block ownership. Our ownership data are extracted from statutory SEC filings that block-holders are required to file indicating their active...

The current pandemic of COVID-19 has caused significant strain on medical center resources, which are now the main places to provide the rapid response to COVID-19 through the adoption of telemedicine, especially for the health care delivery, in order to meet patients' needs and reduce the...

Based on a nationally representative survey on SMEs in China, we study the impact of government policy interventions on SMEs during the COVID-19 pandemic. Our findings are three-fold. First, regional and local lock-down policies decrease SMEs' incidence of reopening and delay their expected...

In recent decades, the Dunhuang oasis in the arid Northwest China has been undergoing significant changes due to social-economic development and expanded irrigation for agricultural production. Groundwater table was found to have significantly declined during the period of 1987–2007 owing to...