We show that executives in the Chinese listed firms make politically motivated investments to build political ties. We also find that excessive investments are more pronounced in firms that can benefit more from political connections (e.g., private firms and poorly governed firms). Although such...

This article synthesizes two GIS-based accessibility measures into one framework, and applies the methods to examining spatial accessibility to primary health care in the Chicago ten-county region. The floating catchment area (FCA) method defines the service area of physicians by a threshold...

The new energy industry has got more and more attention with its nature advantages. In China, the new energy projects oriented owners mainly are state-owned enterprises which usually do not have high efficiency. This study tries to provide an effective way to manage performance for projects and...

Energy conservation and PAHs (polycyclic aromatic hydrocarbon) control are two challenges for the iron and steel industry, especially where the industry has developed at high speed. How to select appropriate technologies to improve energy efficiency and control pollution from PAHs simultaneously...

In this paper we examine whether information risk affects underwriter switching in a seasoned equity offering (SEO) process. Building on previous research, we hypothesize that SEO firms and underwriters associate with one another by mutual choice, and firms with a low degree of information risk...

Direct bank ownership is a common practice in emerging markets. The current paper studies how bank ownership affects firm performance through corporate executive perquisites (perks) in China, a leading emerging economy. In addition to common factors known to influence the level of executive...

It is often convenient to assume that X and X|Y are in the same exponential family. By considering X as the “parameter” and Y as the “data”, the problem becomes determining which exponential families X|Y have conjugate priors. We develop a necessary condition for conjugacy....

We study the influence of social norms in determining the impact of early life exposure to the Great Chinese Famine of 1959-1961 on gender inequality. We model how social norms interact with adverse shocks to affect male and female survival chances and influence subsequent human capital...