1. School of Economics and Management, Beihang University, Beijing 100191, China
2. Laboratory for Low-Carbon Intelligent Governance, Beihang University, Beijing 100191, China
3. Beijing Key Laboratory of Emergency Support Simulation Technologies for City Operation, Beijing 100191, China
4. Business School, Shandong University, Weihai 264209, China
5. Economics Deparment, Universté Paris 8 (LED), 2 rue de la Liberté, 93526 Saint-Denis, France
6. Department of Finance, Faculty of Business, Lingnan University, Hong Kong