With its rapid economic development, China has already become the largest emitter of carbon dioxide in the world, facing the pressure from environment and clean energy. In the last decade, the solar photovoltaic (PV) industry in China has developed rapidly, with the joint promotion of the market...

This paper contributes to consistency for the additive efficient normalization of semivalues. Motivated from the additive efficient normalization of a semivalue being a B-revision of the Shapley value, we introduce the B-reduced game which is an extension of Sobolev’s reduced game. Then the...

In the last decade, China’s photovoltaic (PV) industry has developed rapidly, with the joint promotion of the world market and domestic policies, and China has now become the largest PV manufacturer in the world. Meanwhile, the international market has responded to China’s rapid development,...

Using a sample of 324 acquisition deals originated by nonstate-owned enterprise (SOE)-listed companies to acquire nonSOE private firms in China, we find that politically connected firms are more successful at acquiring high-quality local businesses than firms without political connections. The...

We test for structural change in the Chinese stock-price level caused by the nontradable share (NTS) reform. Using the net-of-market-trend stock-price series, we found that the NTS reform drives stock prices up in more than two-thirds of the cases. For the twenty-oneâday window, the effect of...

Purpose – The purpose of this paper is to explore the effecting mechanism of relational embeddedness on technological innovation performance in the context of China. Design/methodology/approach – By probing into the related theories and five exploratory case studies of Chinese manufacturing...

Purpose – The purpose of this paper is to test the effect of informal finance and trade credit on the performance of private firms. Design/methodology/approach – Based on a survey to private firms in 19 cities, the paper empirically tests the promoting effects of informal finance and trade...