The destructive role of institutional quality such as corruption has been considered an important factor for economic growth, particularly in the European Union, where such practices dealt with zero tolerance. Environmental degradation such as massive carbon emissions is stressing the global...

This study aims to examine the financing cash flow sensitivity into the firm investment of Environment Sensitive Firms (ESFs). To improve the robustness of our analysis, we implement cluster regression to analyze the 300- firms listed on Shenzhen Stock Exchange. The findings of this study...