As a measure of building envelope performance, Overall Thermal Transfer Value (OTTV) has been regulated in many countries and regions in the world, while little research is done to evaluate its city-scale effect with energy consumption. In this paper, we develop an econometric energy...

This paper explores the role of political connection on the overinvestment of Chinese energy firms. We argue that political connection can act as a “helping hand” that enables energy firms to obtain more government support to invest and a “grabbing hand” that forces politically connected...

We propose a model of parental altruism in relation to children’s habit formation, as children are unaware of their developing habits while young and only become cognizant with age. We show that an altruistic mother (1) maintains the amount of income transferred to her child lower than the...

Energy efficiency of buildings in the service sector is becoming increasingly important in China due to the structural shift of the economy from industry to services. This paper employs a bottom-up cohort model to simulate current energy saving policies and to make projections for future energy...

A critical strategy choice for a corporate governance is how to disclose corporate performance to satisfy its key stakeholders. Using data from 2009 to 2016 on the environmental information disclosure (EID), we document consistent evidence that if the government is a customer of the firm, the...

Operation management of firms in a highly regulated industry is vulnerable to political shocks. In this paper, we investigate the impacts of China’s anti-corruption campaign on firms’ operation and performance in the energy industry. Our theoretical model predicts that the campaign has...

In recent years, as the concept of sustainable development has grown in popularity, ESG has attracted widespread interest from people of all backgrounds. This paper empirically investigates the impact of corporate ESG performance on bond credit spreads using a sample of 988 bonds issued by 443...

This study examines the effect of privatization on the pollution emissions of companies by exploiting the quasi-natural experimental ownership reforms of state-owned enterprises in China. By matching corporate pollution emissions with firm-level micro data from 1998–2007, we employ a...

By investigating the general equilibrium effects with theoretical analysis and computational experiments, we find that the value share of polluting input is a sufficient statistic for the welfare incidence of a quantity-based policy in a competitive economy for short-term and commonly...

While past studies have enriched our understanding of the impact of returnee executives on firm market strategy and outcomes, we know relatively little about the relationship between returnee executives and firm nonmarket strategies. Grounded in upper echelons theory, this study explores the...