We examine the role of political uncertainty in executive compensation for Chinese listed firms from 2005 to 2018. Using detailed disclosure of turnover of chief officials at the municipal level, we find that political uncertainty reduces executive compensation-performance sensitivity. The...

This study examines firm-level political risk and its role in influencing corporate innovation. We analyze four dimensions of innovation: patent output, quality, radicalness, and efficiency, based on a sample of US-listed firms from 2001 to 2020. We find a negative effect on patent output and...

The growing localization of the judicial system has been a critical concern in China's justice reform, and its consequence on entrepreneurship receives little attention. We evaluate the effects of judicial reform on the innovation of private-controlled listed firms in China using the...

We investigate the effect of the accelerated depreciation Policy (ADP) on the corporate social responsibility (CSR) of Chinese A-share firms from 2010 to 2016. The results of difference-in-differences estimation reveal that the ADP has a considerable effect on CSR performance, particularly in...

Using a large sample of firms across 35 countries from 2001 to 2021, we show a significantly positive association between a firm's climate risk exposure and speed of leverage adjustment. A plausible explanation is that climate risk exposure mitigates agency conflicts and improves information...

In the original version of the article published in <em>Energies</em> [1], insufficient acknowledgement was given for the contributors Mr. Li Guo and Prof. Kai Wu in Xi’an Jiaotong University. The main work was completed by the research group in Xi’an Jiaotong University led by Prof. Kai Wu. Mr. Li...

The wind power generation system will play a crucial role for developing the energy conservative, environmentally friendly, and sustainable electric power system in China. However, the intermittency and unpredictability of wind power has been an obstacle to the deployment of wind power...