This article examines the determinants and economic efficiency of state-led urbanization, increasingly the mantra of developing countries, focusing on China's skyscraper development as a prominent example. Employing a political economy lens, we find that local governments subsidized skyscraper...

Our study uses a large and unique dataset that tracks the career paths of inventors in US public firms and discovers a positive impact of inventor-base concentration on corporate innovation productivity in the years following. To identify this causal link, we utilize an instrumental variable...

This paper examine the impact of noise trading on stock liquidity in China. We construct a theoretical model including noise traders, rational traders, and insiders, and test the model using transaction data on individual stocks in the CSI-300 (China-Shanghai-Shenzhen-300-Stock Index) in 2020....

We solve a portfolio choice problem that includes life insurance and labor income under constant relative risk aversion (CRRA) preferences. We focus on the correlation between the dynamics of human capital and financial capital and model the utility of the family as opposed to separating...

In this paper, we examine whether a firm's relationship with its principal customers/suppliers affects its payout policies. A firm has customer–supplier relationships when its business depends on a small number of major customers/suppliers. The extant literature indicates two channels through...

Safety performance on the UK Continental Shelf is normally considered to be of a high standard, although there are still many incidents and accidents. This paper discusses some of the initial findings in an offshore support vessel safety research project. Following a brief review study of the...