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The recycling rate in Shanghai, despite being a role model among China’s cities, still has significant room for improvement. If the recycling rate in Shanghai is improved, people’s lives will be better. Being aware of it, and since the lack of value recapture in Shanghai is not encouraging, we are interested in offering a possible solution for the current situation. The difficulty for private sectors to enter leads us to the main discussion. By case studying German and other developed countries’ incentives toward this issue and researching SRRTA’s, Biohm’s and other websites’ reports, this paper will respond to the challenges demonstrated above by offering a probable solution: By providing governmental help toward the private sectors, the informal sectors’ efficiency of recycling can be elevated.
As a leader in the pharmaceutical industry, Pfizer has maintained a long-term leading position in the industry through technology R&D investment and product innovation. Especially in recent years, the drugs and vaccines produced by Pfizer have been widely used worldwide to treat new coronary pneumonia. Pfizer's sales have increased significantly and occupied a significant market share. The rapid accumulation of Pfizer's wealth and the improvement of its operational capabilities have attracted more and more attention from investors. The goal of an enterprise is to obtain profit, and profitability is an essential indicator for evaluating the profit of an enterprise. No matter which stakeholder of the enterprise pays excellent attention to the profitability of the enterprise, standard analysis methods need to convey more information to investors. This article analyzes Pfizer's 2020-2022 financial statements using the DuPont analysis method to find out the problems that Pfizer has in terms of profitability and puts forward some opinions for investors' reference.
Ignoring income effects and transaction costs, the price individuals are willing to pay for an item should be equal to the price they are willing to sell it for. However, Professor Thaler discovered some "anomalous" phenomena in real life where individuals assign higher value to the items they possess, leading to inconsistency between the "willingness to pay" and "willingness to sell" prices. This phenomenon is often used in the analysis of behavioural economics and is linked to the theory of loss aversion. Thaler explained these anomalies using loss aversion from prospect theory and referred to this phenomenon as the endowment effect. The paper conducts a multiple regression analysis to investigate the existence of the endowment effect and its impact on the M&A premium, using a sample of 425 M&A events in which both parties were US-listed companies from 2010-2018. The results show that the endowment effect exists in the M&A process and significantly increases the M&A premium; the impact of the endowment effect on the M&A premium varies across M&A events in different industries, and the impact of the endowment effect is more prominent in the M&A of companies in emerging industries. It is recommended that acquirers should fully consider the increased M&A costs due to the endowment effect when evaluating target companies; industrial policy makers should consider the impact of the endowment effect on the efficiency of industrial integration.
The issue of environmental pollution is hindering the well-being of Chinese citizens, posing a critical challenge to economic development. Existing studies on the impact of carbon emissions trading policies have largely overlooked their potential effects on the mental health and life satisfaction of residents. Therefore, this paper aims to broaden the existing research by investigating the influence of China’s carbon emission trading policy on mental health using a nationwide longitudinal survey and employing the Difference-in-Differences (DID) model. Moreover, it examines the moderating effect of government in this relationship. The results show that (1)policies involving carbon emissions trading can improve residents’ quality of life and lessen depressive symptoms; (2)the effects are more pronounced for rural residents than for urban residents, and (3)performance evaluation of the government is important in moderating the relationship between carbon emissions trading and residents’ mental health.