Since 2001, the China Securities Regulatory Commission has implemented a series of policies to ensure that dividend payments constitute a prerequisite of equity financing. This is known as the semi-mandatory dividend policy. Using a sample of Chinese listed firms from 2007 to 2015, we document...

Tree-ring records are a valuable source of information for understanding long-term, regional-scale drought changes. In this study, a tree ring width chronology spanning the last 330 years (A.D. 1681–2010) is developed for the northern fringe of the Asian summer monsoon in north central China...