Qing Wang

We provide insight into how firms’ trade credit decisions respond to the coevolution of business ethics practices, technological innovation, and institutional reform for firms located in pilot cities of China’s social credit reform. The reform implements an external monitoring mechanism that potentially shifts the business ethics frontier by punishing or rewarding certain (un)ethical credit behaviors. Following the reform, pilot city firms enjoy greater access to trade credit financing. Three plausible channels include reduced default risk, improved information quality, and enhanced legal protection. Suppliers provide more credit to young, small, private, politically unconnected firms, and those with geographically distant suppliers. Finally, we illustrate how increased access to trade credit translates into tangible strategic and performance benefits. Overall, this study underscores the importance of aligning business ethics practices with evolving societal values and technological advancements to facilitate companies’ willingness to provide trade credit within emerging markets.

Objective: This meta-analysis evaluated the efficacy of acupuncture in improving cognitive impairment of post-stroke patients.Design: Randomized controlled trials investigating the effects of acupuncture compared with no treatment or sham acupuncture on post-stroke cognitive impairment before December 2019 were identified from databases. The literature searching and data extracting were independently performed by two investigators. Study quality was assessed using the Cochrane Handbook for Systematic Reviews of Interventions. Meta-analyses were performed for the eligible RCTs with Revman 5.3 software.Results: Thirty-seven RCTs were included in this meta-analysis. Merged Random-effects estimates of the gain of MMSE or MoCA were calculated for the comparison of acupuncture with no acupuncture or sham acupuncture. Following 2–8 weeks of intervention with acupuncture, pooled results demonstrated significant effects of acupuncture in improving PSCI assessed by MMSE or MoCA.Conclusion: The results suggest that acupuncture was effective in improving PSCI and supported the needs of more rigorous design with large-scale randomized clinical trials to determine its therapeutic benefits.