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Using data for firms listed in China from 2007 to 2019, this paper explores the relationship between trade policy uncertainty (TPU) and firm risk taking (FRT). It finds that TPU is negatively and significantly correlated with FRT. Meanwhile, the influencing mechanism estimates suggest that TPU increases firm financial constraint and operational risk, which, in turn, negatively affect FRT. Further tests reveal that, when the ownership concentration and debt ratio are high, the negative effect of TPU on FRT is more pronounced. [ABSTRACT FROM AUTHOR]

Based on the manually collected carbon information disclosure data for the Chinese listed companies from 2009 to 2015, this paper examines the influencing factors of carbon information disclosure from the stakeholders' perspective. The results show that among external stakeholders, pressures from government and customers can improve the level of firm carbon information disclosure, but the effects of creditor, supplier and competitor on firm carbon information disclosure level are not significant. Among internal stakeholders, the major shareholders, institutional investors, and employees can improve the level of firm carbon information disclosure, but the effects of foreign investors (QFII) on carbon information disclosure are not significant. Among third-party stakeholders, environmental protection organizations and audit institutions can improve the level of firm carbon information disclosure. We hope that findings of this paper will provide guidance to the Chinese firms to develop carbon disclosure policies and encourage researchers to conduct future research on this subject. [ABSTRACT FROM AUTHOR]