We study how financing constraints affect the cash holdings of small and mediumsized enterprises. There has been little empirical work on this topic, even though these firms often face financial constraints. We contribute by using detailed data on credit ratings in Sweden as a measure of...

To address global climate change and achieve high-quality development, China has to reach carbon peaking and carbon neutrality targets as objective requirements. Based on data from 30 Chinese provinces from 2011 to 2021, this study used a two-factor fixed effects and a mechanism model to test...