Cigarette smoking leads to large healthcare and morbidity costs, and mortality losses, and smoking cessation plays a key role in reducing health risk and economic costs. While medical evidence suggests that some smokers are more likely to respond to medication treatment than others depending on...

This paper examines the impact of economic uncertainty on the risk of banks, which is only underexplored in extant literature so far. Using bank-level panel data of approximately 1500 banks in 34 emerging economies during the period of 2000-2016, we find consistent and robust evidence that bank...

This paper explores the role of political connection on the overinvestment of Chinese energy firms. We argue that political connection can act as a “helping hand” that enables energy firms to obtain more government support to invest and a “grabbing hand” that forces politically connected...

In this study, we explore how climate risk affect corporate innovation using a sample collected from 293 cities in China between 2014 to 2020. We construct a city-level climate risk indicator to measure the degree of damage from climate-related natural disasters, and find that climate risk has a...

We have demonstrated a flat multi-wavelength Brillouin erbium-doped fiber laser (MWBEFL) based on a Sagnac loop with an unpumped erbium-doped fiber (Un-EDF). A Sagnac loop with an Un-EDF is used as power equalizer to achieve multi-wavelength power flatness by adjusting the birefringence beat...

1. Introduction 1.1 Problem Area Goldman Sachs (GS) is a US based global investment bank running its business in Asia Pacific region with an office in Hong Kong as headquarter, as well as offices in Beijing and Shanghai for China business contacts. It employs in Asia over 1000 people and 150 of...

We read search theory's unemployment equilibrium condition as an Iso-Unemployment Curve(IUC).The IUC is the locus of job destruction rates and expected unemployment durations rendering the same unemployment level. A country's position along the curve reveals its preferences over the...