IF 14.2 2区经济学

Energy Economics Pub Date : 2025-07-30 DOI: 10.1016/j.eneco.2025.108800

Zhonghua Cheng, Xueqin Yan

{"title":"Environmental management system certification and corporate ESG greenwashing","authors":"Zhonghua Cheng, Xueqin Yan","doi":"10.1016/j.eneco.2025.108800","DOIUrl":"10.1016/j.eneco.2025.108800","url":null,"abstract":"<div><div>Environmental management system certification (EMSC) has been widely recognized for its effectiveness in enhancing corporate environmental management performance and alleviating environmental pollution. However, it may concurrently facilitate corporate ESG greenwashing through opportunistic behavior. Leveraging the distinct strengths of double machine learning in both variable selection and model estimation, we analyze data from Chinese listed firms during 2012 to 2022 to examine the effects and mechanisms of environmental management system certification on corporate ESG greenwashing within the double machine learning framework. The empirical results reveal that: (1) Environmental management system certification significantly suppresses corporate ESG greenwashing, and this finding holds consistently across various endogeneity and robustness tests. (2) Mechanism analysis indicates that environmental management system certification can affect firms' internal governance and external stakeholder attention, thereby constraining earnings management, enhancing stakeholder supervision, and reducing inefficient investment, thus mitigating corporate ESG greenwashing. (3) Heterogeneity analysis suggests that the impact of environmental management system certification in curbing ESG greenwashing is more pronounced for small-scale firms, private firms, and firms in clean industries.</div></div>","PeriodicalId":11665,"journal":{"name":"Energy Economics","volume":"149 ","pages":"Article 108800"},"PeriodicalIF":14.2,"publicationDate":"2025-07-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144757852","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

The effect of subway policies on gasoline consumption: Subway expansion versus fare changes 地铁政策对汽油消费的影响：地铁扩张与票价变化

IF 4.8 1区经济学

Journal of Urban Economics Pub Date : 2025-07-30 DOI: 10.1016/j.jue.2025.103795

Antung A. Liu , Yucheng Wang , Lei Zhang

引用次数: 0

Too Much, Too Soon, for Too Long: The Dynamics of Competitive Executive Compensation 太多、太快、太久：竞争性高管薪酬的动态

IF 8 1区经济学

Journal of Finance Pub Date : 2025-07-30 DOI: 10.1111/jofi.13470

GILLES CHEMLA, ALEJANDRO RIVERA, LIYAN SHI

引用次数: 0

Dynamic Concern for Misspecification 对错误规范的动态关注

IF 7.1 1区经济学

Econometrica Pub Date : 2025-07-30 DOI: 10.3982/ECTA22139

Giacomo Lanzani

引用次数: 0

Contract Labor and Establishment Growth in India 印度的合同工和企业增长

IF 7.1 1区经济学

Econometrica Pub Date : 2025-07-30 DOI: 10.3982/ECTA20046

Marianne Bertrand, Chang-Tai Hsieh, Nick Tsivanidis

{"title":"Contract Labor and Establishment Growth in India","authors":"Marianne Bertrand, Chang-Tai Hsieh, Nick Tsivanidis","doi":"10.3982/ECTA20046","DOIUrl":"https://doi.org/10.3982/ECTA20046","url":null,"abstract":"<div>\u0000 <p>India's Industrial Disputes Act (IDA) requires large manufacturing plants to pay substantial costs if they wish to shrink their workforce. Since the early 2000s, these large plants have dramatically increased their use of contract workers who are not subject to these regulatory constraints. Between 2000 and 2015, the contract labor share in non-managerial employment nearly doubled at establishments with more than 100 workers (from 21 to 40 percentage points), while it only increased from 14 to 17 percentage points at establishments with less than 50 workers. Over the same period, the thickness of the right tail of the establishment size distribution in formal Indian manufacturing plants increased, the average product of labor at large plants declined, the job creation rate for large plants increased, and the probability that large plants introduced new products rose. We argue that these changes were caused by the increased adoption of contract labor. In a model of establishment growth subject to firing costs, we show that easing access to contract labor increased TFP in Indian manufacturing by 7.3% since the early 2000s, occurring all through a one-time reduction in misallocation between large and small plants with negligible change in the long-run growth rate.</p>\u0000 </div>","PeriodicalId":50556,"journal":{"name":"Econometrica","volume":"93 4","pages":"1411-1448"},"PeriodicalIF":7.1,"publicationDate":"2025-07-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.3982/ECTA20046","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144740414","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Towards a new generation of smart tourism cities–GenAI-enabled aerotainment 迈向新一代智慧旅游城市——基因智能航空娱乐

IF 6.6 1区经济学

Cities Pub Date : 2025-07-30 DOI: 10.1016/j.cities.2025.106311

Lázaro Florido-Benítez , J. Andres Coca-Stefaniak

引用次数: 0

A Comment on: “Monotone Comparative Statics” 评“单调比较静力学”

IF 7.1 1区经济学

Econometrica Pub Date : 2025-07-30 DOI: 10.3982/ECTA23292

Rabah Amir, David Rietzke

{"title":"A Comment on: “Monotone Comparative Statics”","authors":"Rabah Amir, David Rietzke","doi":"10.3982/ECTA23292","DOIUrl":"https://doi.org/10.3982/ECTA23292","url":null,"abstract":"<div>\u0000 <p>Milgrom and Shannon (1994) provide necessary and sufficient conditions on parameterized optimization problems for their solution sets to be globally monotone in the parameter. We establish that their conditions may be significantly relaxed when focusing on discrete, binary comparisons between solution sets. Such binary comparisons are ubiquitous in economics and may involve comparing the same decision maker across two distinct regimes or two distinct decision makers with related objectives (e.g., a monopolist firm versus a social planner). While the single-crossing property remains prominent in the theory, quasisupermodularity of the objective functions of interest is not needed. Our approach relies upon a novel method of embedding a new optimization problem with a quasisupermodular objective function “between” the two original problems of interest. In smooth problems, sufficient conditions for our new assumptions may be verified by elementary differential comparisons, making them well suited for applied work. We illustrate the relevance of this novel approach with several economic applications.</p>\u0000 </div>","PeriodicalId":50556,"journal":{"name":"Econometrica","volume":"93 4","pages":"1481-1490"},"PeriodicalIF":7.1,"publicationDate":"2025-07-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.3982/ECTA23292","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144740467","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Climate and migration in the United States 美国的气候和移民

IF 3.4 1区经济学

Journal of Public Economics Pub Date : 2025-07-30 DOI: 10.1016/j.jpubeco.2025.105446

Patrick Baylis , Prashant Bharadwaj , Jamie T. Mullins , Nick Obradovich

引用次数: 0

Does rent control increase tenant unemployment? 租金管制会增加租客失业吗？

IF 4.8 1区经济学

Journal of Urban Economics Pub Date : 2025-07-30 DOI: 10.1016/j.jue.2025.103790

Hanchen Jiang , Luis Quintero , Xi Yang

引用次数: 0

Can culture save us? Rethinking culture-led touristification from Palermo (Italy) 文化能拯救我们吗？从巴勒莫（意大利）重新思考文化导向型旅游

IF 6.6 1区经济学

Cities Pub Date : 2025-07-30 DOI: 10.1016/j.cities.2025.106331

Stefania Crobe , Chiara Giubilaro , Federico Prestileo

{"title":"Can culture save us? Rethinking culture-led touristification from Palermo (Italy)","authors":"Stefania Crobe , Chiara Giubilaro , Federico Prestileo","doi":"10.1016/j.cities.2025.106331","DOIUrl":"10.1016/j.cities.2025.106331","url":null,"abstract":"<div><div>In recent years, the historic centers of many South European cities have undergone profound transformations in which creative production and tourist flows have played a leading role, converting entire neighborhoods into enclaves where touristification processes, sometimes associated with gentrification, have upheaved social composition, housing dynamics, and commercial fabric.</div><div>In this article, we try to rearticulate the nexus between culture-led regeneration and touristification by considering events that have occurred in Palermo (Italy), a Southern European urban context that has recently experienced an unprecedented wave of tourism pressure. The article offers a critical overview of the material and discursive changes undergone by the Kalsa neighborhood between 1993 and 2023, with reference to processes of what we call “culture-led touristification” and its controversial implications. Our analysis, employing an assemblage of qualitative and quantitative methods, offers some remarks on our case study and how it could provide a basis for reflecting on the concept of culture-led touristification in Southern European cities by taking the viewpoint of an under-explored and not-(yet)-overtouristified urban context.</div></div>","PeriodicalId":48405,"journal":{"name":"Cities","volume":"167 ","pages":"Article 106331"},"PeriodicalIF":6.6,"publicationDate":"2025-07-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144724944","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

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