Can temporary policy interventions have permanent effects on regional industrial development? This paper exploits disaggregated data on industrial construction under the centrally planned economic system in China before 1978 and compares the long-term development of industries with positive...

How to address managerial short-termism is an important issue for companies, regulators, and researchers. We examine the effect of CEO contractual protection, in the form of employment agreements and severance pay agreements, on managerial short-termism. We find that firms with CEO contractual...

Prior research shows that financial reporting quality (FRQ) is positively related to investment efficiency for large U.S. publicly traded companies. We examine the role of FRQ in private firms from emerging markets, a setting in which extant research suggests that FRQ would be less conducive to...

Market-based instruments, together with command-and-control policies, could make a cost-effective contribution to the achievement of China's climate targets. Much of the recent debate on the subject has focused on a long-term impact analysis approach and the implementation of a carbon tax....

Rapid phase change of hydrate with high gas storage capacity is very important for the application of natural gas hydrates technology. Three pieces of open-cell copper foam (CF) with different pore densities (or pores per inch, PPI) herein were immersed in sodium dodecyl sulfate (SDS) solution...