From winter 2009 to spring 2010, southern China suffered from an extensive and lengthy drought. Subsequently, southern China experienced torrential rains a dozen times during the flood season of April–June. The prolonged drought and subsequent intensive rainfall dramatically altered the...

The increasing number of smart phones presents a significant opportunity for the development of m-payment services. Despite the predicted success of m-payment, the market remains immature in most countries. This can be explained by the lack of agreement on standards and business models for all...

A new estimation procedure based on the composite quantile regression is proposed for the semiparametric additive partial linear models, of which the nonparametric components are approximated by polynomial splines. The proposed estimation method can simultaneously estimate both the parametric...

This paper attempts to discuss the CO2 emissions embodied in Sino-US international trade using a sector approach. Based on an input-output model established in this study, we quantify the impact of Sino-US international trade on national and global CO2 emissions. Our initial findings reveal...

This study examines the effect of merger momentum on acquirer's returns both in the short and long-run. The focus is on high valuation markets and the source of momentum is investigated employing three different hypotheses: the neoclassical hypothesis, the hubris hypothesis and the investor...

In late 2009, the Chinese government committed to cut its carbon dioxide emissions per unit of gross domestic product (GDP) by 40% to 45% of 2005 levels by 2020. This has raised the issue of how to allocate the CO2 reduction target regionally to meet the national reduction target. To meet this...

The Chinese government has introduced numerous policies and development plans to boost its shale gas industry in recent years. However, China’s shale gas exploration and development is still in the initial stage and has been confronted with many challenges. This paper systematically analyzes...