We develop a new data set to study asset specificity among nonfinancial firms. Our data
cover the liquidation values of each category of assets on firms' balance sheets and …

Uncertainty over future business conditions lies at the heart of firm decision-making.
Uncertainty can arise from a myriad of sources and is difficult to measure. We present a …

This paper investigates the effect of environmental, social, and governance (ESG)
performance on the enterprise value of heavily polluting listed companies in China's …

This review article provides a comprehensive analysis of the hydrogen landscape, outlining
the imperative for enhanced hydrogen production, implementation, and utilisation. It places …

Using unique subsidiary-level data of 3863 Chinese non-financial firms from 2000 to 2019,
we document that the multinational firms have 5.3% higher capital expenditures than …

The role of enterprise technological innovation in driving high-quality economic
development has become increasingly prominent in a dynamic environment of uncertainty …

This article assesses the effects of economic uncertainty on the corporate capital structure of
Chinese-listed firms using a panel dataset of 1138 firms with A-shares traded on the …

Financial transparency can affect labor markets directly by mitigating information
asymmetries and optimizing the matching of heterogeneous firms and employees (matching …

Uncertainty in corporate decision-making arises from a variety of factors, ranging from prices
of production inputs to market demand conditions, from technological progress to credit …

How does competition affect banks' adaptation to emergent risks for which there is limited
supervisory oversight? The analysis matches detailed supervisory data on home equity lines …