This research integrates the self-categorization and contagion theories to investigate
faultlines and their impact on the performance of a government that applies a decentralized …

We examine impacts of environmental regulations and political incentives on firms' green
innovation. By exploiting a natural experiment on reduction of sulfur dioxide (SO 2) …

We examine whether and how fiscal stress on local governments affects the decentralization
of state-owned enterprises (SOEs). By employing a fiscal shock entailing an average …

This paper exploits the introduction of China's Fair Competition Review System in 2016 as a
quasi-natural experiment to analyze the impact of changes in market competition on firm …

This paper investigates the impact of firms' digital transformation on labor income share
utilizing a large sample of Chinese-listed enterprises from 2003 to 2020, and we find a …

Carbon emissions trading (CET) policy presents a crucial market-oriented environmental
strategy to shape corporate environmentally responsible behaviour. However, how market …

Industry carbon emissions have been increasing, yet there remains a dearth of research on
the impacts of climate policy uncertainty. This study first explored the effects of climate policy …

We exploit the competition policy in China to test whether product competition affects firm's
overcapacity. By introducing the shock of enacting of the Chinese Anti-Monopoly Law, our …

This study investigates the effects of bank competition on firms' greenwashing. Using
Chinese commercial bank branches' geographic location data, we reveal that increased …

This study examines the impacts of bank competition on firms' labor investment efficiency.
Using geographic location data of commercial bank branches in China, we find that the firms …