Using a large sample of publicly listed firms in China, we examine the relation between local fin... more Using a large sample of publicly listed firms in China, we examine the relation between local financial agglomeration and corporate green innovation. We document that local financial agglomeration positively affects corporate green innovation output. This positive effect is more pronounced when firms have better environmental performance, when the market‐level sentiment for corporate environmental responsibility is higher, or prior to the implementation of a green credit policy in China. Further analysis reveals that local financial agglomeration enhances corporate green investments and the quality of green innovation. Collectively, our findings reveal the real and environmental effects of local financial agglomeration.
Using a large sample of publicly listed firms in China, we examine the relation between local fin... more Using a large sample of publicly listed firms in China, we examine the relation between local financial agglomeration and corporate green innovation. We document that local financial agglomeration positively affects corporate green innovation output. This positive effect is more pronounced when firms have better environmental performance, when the market-level sentiment for corporate environmental responsibility is higher, or prior to the implementation of a green credit policy in China. Further analysis reveals that local financial agglomeration enhances corporate green investments and the quality of green innovation. Collectively, our findings reveal the real and environmental effects of local financial agglomeration.
We identify 19 predetermined country-level factors significantly related to weekly COVID-19 morbi... more We identify 19 predetermined country-level factors significantly related to weekly COVID-19 morbidity and mortality across 109 countries between January and the end of 2020. Aggravating factors, which increase infections and deaths, include population, the median age of the population, the male-to-female ratio, population density, democracy, political corruption, GDP per capita, income inequality, international tourism activities, and life satisfaction and happiness. Mitigating factors, which reduce morbidity and mortality, include temperature, the education level, religious diversity, media freedom, female leadership, the strength of legal systems, public trust in government, SARS experiences, and healthcare infrastructure. The number of COVID-19 tests is positively (negatively) related to confirmed infection (death) cases. Dominance analysis shows that the top five determinants, which collectively explain approximately 70% of the cross-country variation in morbidity, are population, international tourism activities, media freedom, SARS experiences, and the median age of the population.
Using a large sample of publicly listed firms in China, we examine the relation between local fin... more Using a large sample of publicly listed firms in China, we examine the relation between local financial agglomeration and corporate green innovation. We document that local financial agglomeration positively affects corporate green innovation output. This positive effect is more pronounced when firms have better environmental performance, when the market‐level sentiment for corporate environmental responsibility is higher, or prior to the implementation of a green credit policy in China. Further analysis reveals that local financial agglomeration enhances corporate green investments and the quality of green innovation. Collectively, our findings reveal the real and environmental effects of local financial agglomeration.
Using a large sample of publicly listed firms in China, we examine the relation between local fin... more Using a large sample of publicly listed firms in China, we examine the relation between local financial agglomeration and corporate green innovation. We document that local financial agglomeration positively affects corporate green innovation output. This positive effect is more pronounced when firms have better environmental performance, when the market-level sentiment for corporate environmental responsibility is higher, or prior to the implementation of a green credit policy in China. Further analysis reveals that local financial agglomeration enhances corporate green investments and the quality of green innovation. Collectively, our findings reveal the real and environmental effects of local financial agglomeration.
We identify 19 predetermined country-level factors significantly related to weekly COVID-19 morbi... more We identify 19 predetermined country-level factors significantly related to weekly COVID-19 morbidity and mortality across 109 countries between January and the end of 2020. Aggravating factors, which increase infections and deaths, include population, the median age of the population, the male-to-female ratio, population density, democracy, political corruption, GDP per capita, income inequality, international tourism activities, and life satisfaction and happiness. Mitigating factors, which reduce morbidity and mortality, include temperature, the education level, religious diversity, media freedom, female leadership, the strength of legal systems, public trust in government, SARS experiences, and healthcare infrastructure. The number of COVID-19 tests is positively (negatively) related to confirmed infection (death) cases. Dominance analysis shows that the top five determinants, which collectively explain approximately 70% of the cross-country variation in morbidity, are population, international tourism activities, media freedom, SARS experiences, and the median age of the population.
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Papers by Dianna Chang