Previous studies on ozone pollution primarily focus on the characterization of ozone on a large regional scale, yet much less attention has been paid towards the contrast between urban and surrounding suburban-rural areas. As anthropogenic emissions are projected to decrease in the coming...

The field experiment is an established and powerful method to investigate economics and business questions. However, operations management has embraced field experiments only in recent years. In this paper, we review the existing operations management literature that leverages field experiments....

Monetary policy is known to have heterogeneous regional economic effects. Building on the notion that production factors and investment opportunities are locally concentrated, we show that firms partly navigate the uncertainty associated with monetary contraction by altering the scope of their...

As “sin” stocks and “brown” stocks generally earn higher returns than “green” stocks, fund managers face a trade-off between profitability and sustainability preferences when investing in environmental, social and governance (ESG). We explore the investment styles of ESG funds in the...

Using Chinese equity data from April 2009 to August 2020, we contribute to the literature by exploring the impact of short selling on stock prices in three aspects. First, we find that as short sellers become more active, stock price adjustments accelerate, and prices respond more swiftly to...